Although South Korea has the 14th largest economy in the world with a total GDP of $971,100,000,000 (CIA, 2007:8) and with a per capita GDP of $24,800 (CIA, 2007:8), having received a Global Competitiveness Index ranking of 11th place for the years 2007-2008 (GCI, 2007-2008), and a literacy rate of 97.9% for 15 year olds (CIA, 2007:5) with the country being ranked first in reading, fourth in mathematics and sixth in science proficiency, for the same age group, by The Programme for International Student Assessment – 2006 (PISA, 2006:47,53 & 20), the country can by no means boast about the international rankings of its universities. For instance, the best Korean university (Seoul National University) places 21st in Asia and 164th in the world according to the Shanghai Jiao Tong Ranking system (Figure 1), while receiving a ranking of 51st in the world according to the Times Higher Education – QS world Universities Rankings 2007 (Figure 2). Sadly,
"Why South Korean Universities Have Low International Rankings,"
Academic Leadership Journal: Vol. 7
, Article 35.
Available at: http://scholars.fhsu.edu/alj/vol7/iss1/35