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Cheongju University, Designated ‘Korea Institute for Local Education and Finance’

Cheongdae Times Senior Reporter of international affair Seong-won Kim

Cheongju University was designated ‘Korea Institute for Local Education and Finance’ as the first private university to support the free supply of school facilities, school land and a local educational administrative agency.

Cheongju University announced that our university will be designated as a ‘Korea Institute for Local Education and Finance’ by the Ministry of Education on the May 19th. Also, they said that they will operate as an independent subsidiary under its wing.

And it is the first time that a ‘Korea Institute for Local Education and Finance’ has been designated as a private university.

‘Korea Institute for Local Education and Finance’ is an organization for 17 city and provincial education offices, 190 education support offices and local government across the country to properly manage the demand for new schools every year.

Specifically, it is a trustworthy. public institution that specializes in information systems for supporting free supply of school land and school facilities and feasibility studies for new projects worth more than 50 billion won.

‘Korea Institute for Local Education and Finance’ was established and operated as an organization within the ‘Korea Education Development Institute’ in 2011. And it was newly designated as Cheongju University through the national competition.

This year’s operating budget of the ‘Korea Institute for Local Education and Finance’ is a total of 2.64 billion won, including 1.44 billion won in special grants from the Ministry of Education and 1.2 billion won in contributions from city and provincial education offices. It’s expected to improve to around 3 billion won next year.

Cheongju University plans to set this year as an ‘introduction period’. And from next year, it plans to provide all support by carefully establishing medium and long-term development plans by dividing it into ‘a settlement period’, ‘a safety period’, and ‘a development period’.

They also plan to operate as an independent subsidiary so that the ‘Korea Institute for Local Education and Finance’ can establish a solid status as a specialized institution.

Also, it plans to establish a close time and space cooperation system with the central government and local city and provincial education offices by installing an institution space near the Ministry of Education Office.

Sang-hee, Sohn who is the vice president of Cheongju University said “We are burdened by the designation of the Korea Institute for Local Education and Finance. So, we will do our best to enhance the university’s public status in line with its era role and social responsibilities.”