New president to reduce tuition fees, jobs favouritism

South Korea’s newly elected president has made breaking down the near-monopoly of the country’s top universities on the best jobs a cornerstone of his campaign and has repeated a pledge made by different parties in past elections to bring down tuition fees – which are among the highest in the world. In particular, he said he will tackle the ‘old boys’ network’ and dominance of the country’s top-ranked universities in securing the best jobs in business and politics for their alumni, in order to improve prospects for young graduates outside the capital, Seoul.