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Private and public universities in South Korea have engaged in creative accounting practices resulting in excessive hikes in tuition fees, the state audit agency said. Wrapping up an investigation into 35 randomly chosen universities, including nine public institutions, the Board of Audit and Inspection said the institutions had habitually manipulated their accounting books over the past five years to justify steep rises in tuition expenses.

The economic and financial crimes commission and the police have begun the prosecution of proprietors of three illegal private universities operating in the country. The proprietors of the institutions are being prosecuted for operating illegally and for collecting money illegally from innocent students.

The Ministry of education will probe private schools over irregularities in the fight against corruption. The education minister and the Board of audit and inspection will soon jointly select private schools suspected of mismanaging their schools. They will only investigate those which are suspected of mismanagement and corruption, rather than doing random investigation.