
SNU professors suggest multiple test-taking for college entrance
Proposal for comprehensive education reform includes combining middle and high schools
Seoul National University professors' association on Monday suggested reforms to South Korea's education system that would allow students to take the college entrance exam multiple times a year, rather than just once as is currently permitted.
The Suneung, or College Scholastic Ability Test, occurs on the third Thursday of November every year, the results of which largely dictate the college admissions process.
The reform plan announced by the SNU Faculty Council seeks, among other things, to ease pressure on test takers by administering the Suenung 3-4 times a year.
Other plans for reform presented by the SNU Faculty Council to the Ministry of Education include combining middle and high schools to provide students with a continuous course of education, which the professors said will help them identify their strengths and the best course for them to take for their futures.
Professor Han Jae-yong of SNU's Department of Agricultural Biotechnology was quoted by the Dong-A Ilbo newspaper as saying, 'In a system where students are consumed by survival-driven competition, we need an admissions process that reduces the burden on test takers and allows them to demonstrate their true abilities.'
Holding multiple Suneung exams has long been considered as away of reforming the education system. The National Education Commission under the presidential office last year was reported in September to be toying with the idea. The committee said it had not formally reviewed the change, and said it was merely a suggestion made by a few of its members.
But the idea has been floated around the political circles for several years, with the conservative People Power Party's education policy debate in 2023 discussing it.
Hong Joon-pyo, the conservative politician who stepped down as Daegu mayor to run in the upcoming June 3 presidential election, made holding two Suneung exams a year one of his presidential pledges on April 6.
College admission exams in some countries, like the SAT in US, does not limit the number of times one can take the crucial test. Most colleges consider only the highest score one has gotten in the tests, and many education experts encourage taking multiple tests.
SNU suggest more autonomy for colleges
As part of the comprehensive reform plan, the SNU Faculty Council also suggested that each school should have more autonomy on their programs and be able to take more students without their majors being assigned at the time of admission. The SNU had previously attempted to pick 400 new students with undeclared majors for the 2025 school year, but the plan was postponed.
The Korean government provides a wide-range of subsidies for colleges, which in turn limits the autonomy of individual schools to certain degrees. SNU, widely considered the most prestigious tertiary education institute in the country, has been among many schools that has called for more freedom in terms of their programs.
Lim Jeong-mook, the chairperson of the SNU Faculty Council, told local media outlets that it was difficult for higher education institutes in the country to gain a competitive edge under current system, which requires government approval for each university's reform plans.
Lim said he would make the suggestion to the political circles as well, so more politicians would make it part of their pledges in the upcoming presidential election.
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Korea Herald
9 hours ago
- Korea Herald
[Yoo Choon-sik] President Lee should look beyond market cheers
The South Korean stock market soared on each of the first two trading days following President Lee Jae-myung's official inauguration after securing a decisive victory in the early election held on June 3, winning by a substantial margin over his opponents. The peaceful transition of power and the political clarity it brings have been met with visible enthusiasm. Undoubtedly, Lee and his party, together with the people of South Korea, have every reason to relish the celebratory honeymoon phase of their administration. The stock market's benchmark Kospi posted a remarkable combined gain of 4.2 percent over those two days to end at 2,812.05 points on Friday, representing the highest closing level in nearly a year since July 18 last year. During the same period, foreign investors made net purchases totaling 2.07 trillion won ($1.52 billion) on the main board, marking the most net inflow from overseas investors in a year. This sharp uptick in buying activity reflected renewed confidence in the Korean market under the new leadership. The rise in stock prices is widely interpreted as a reflection of relief across the investor community, stemming from the peaceful resolution of the monthslong political impasse, triggered by the former president's controversial declaration of martial law last December. With stability now restored, there is cautious hope that Lee's administration will introduce pragmatic, market-friendly reforms. Contributing to the rally are also favorable external factors: a persistent weakening of the US dollar against major global currencies and the announcement that the US and China intend to resume trade negotiations —developments that typically benefit emerging markets like South Korea. Historically, traditional markets served as informal forums where policymakers could gather sentiment from the people, as citizens exchanged views and insights while trading goods. In our current era, financial markets serve a parallel — yet far more complex and consequential — role. They function as barometers of public and investor sentiment, allowing market participants around the globe to continuously evaluate a nation's economic performance, policy direction and future outlook. From that perspective, the recent rally in the stock market, alongside the strengthening of the Korean won, can be read as a strong initial endorsement of the promises and rhetoric offered by President Lee during the campaign. His campaign period, however, was notably brief, offering limited time for his team to flesh out fully detailed policy plans. Nonetheless, the messaging struck a chord, especially among investors and market observers eager for reform and modernization. One of Lee's key campaign priorities is addressing the "Korea Discount" — a persistent and well-documented phenomenon that refers to the comparatively low valuation of Korean-listed companies relative to their international peers. It is largely attributed to weaknesses in corporate governance, low shareholder returns and systemic inefficiencies in South Korea's regulatory and economic framework. To address this issue, Lee has pledged to revise Article 382-3 of the Commercial Act. The proposed amendment would obligate directors of listed companies to act not just in good faith but specifically in the interest of both the company and all its shareholders. The current version of the act requires directors to act for the benefit of the company, but lacks explicit emphasis on shareholder interests. Lee has also vowed to introduce the cumulative voting system. Many view this as a powerful tool for enhancing minority shareholder rights, as it allows shareholders to pool votes to elect at least one representative to a board, in contrast to the traditional system of one vote per share per director. Deliberative policymaking In addition, he supports other measures aimed at prompting companies to return a greater portion of earnings to shareholders and limiting the negative effects of corporate spinoffs that often disadvantage minority investors. While these governance-focused reforms are grabbing headlines, Lee has also promised fiscal stimulus on a massive scale. Though not explicitly intended to push stock prices higher, a major supplementary budget is expected to provide a strong economic stimulus to offset faltering domestic demand. This comes at a time when South Korea, an export-driven economy, is grappling with declining overseas sales due mainly to the US government's imposition of steep tariffs on most of its trading partners. It is worth noting that the previous administration had already introduced a 13.8 trillion won supplementary budget back in May, aimed to assist those affected by weak consumer spending, fund recovery in wildfire-stricken regions and support the development of national artificial intelligence infrastructure. The new extra budget being considered under Lee's administration is reportedly about three times the size of the previous one, signaling a bold fiscal approach. Taken together, these initiatives have offered a strong psychological boost to the stock market. They enhance the growth outlook for shares in a wide range of South Korean companies, many of which have long underperformed relative to their counterparts in other advanced economies. The anticipation of pro-growth reforms, combined with short-term liquidity injections, has widened the upside potential for equities. Yet, such optimism must be tempered with realism. The market lift resulting from policy announcements and fiscal measures may not be sustainable unless underpinned by genuine improvements in economic fundamentals. Corporate earnings, gross domestic product growth and export competitiveness — particularly in light of evolving global trade dynamics and tariff uncertainties — remain the true drivers of long-term performance. Furthermore, the risk of unintended consequences looms large. Even the best-intentioned policy can yield adverse results. Business leaders and major corporations have already voiced concerns that overly aggressive changes to the Commercial Act might deter boards from making bold, strategic investments, out of fear of legal entanglements or shareholder activism. Similarly, the large supplementary budget, if not crafted with precision and expertise, risks missing its mark. Without broad consultation and careful planning, the spending could end up inefficiently allocated, raising government debt while failing to generate meaningful economic uplift. That would not only disappoint voters but also strain public finances further. These concerns are especially pertinent in today's political landscape, where the Democratic Party of Korea holds a commanding majority across both the executive and legislative branches. This political dominance could enable the administration to push forward its agenda swiftly, but also tempt it to bypass the kind of open, deliberative policymaking that democracy requires. President Lee must remain aware that while voters handed him a clear mandate, they did not grant him unchecked authority. The people expect reform, yes — but they also expect balance, consultation and accountability. As the proposed revision of the Commercial Act implicitly acknowledges, those in power have a duty to act not just in their party's interest, but in the collective interest of the entire nation. Yoo Choon-sik worked for nearly 30 years at Reuters, including as the chief Korea economics correspondent, and briefly worked as a business strategy consultant. The views expressed here are the writer's own. — Ed.


Korea Herald
a day ago
- Korea Herald
LA's Korean American community on edge amid immigration raids, protests
No Korean nationals, Korean Americans confirmed among detainees as yet: reports US federal immigration authorities conducted a series of coordinated enforcement operations across Los Angeles on Friday, including in neighborhoods with a high concentration of Korean American-owned businesses. The move has raised concerns within the local Korean diaspora. The raids reportedly targeted areas in downtown Los Angeles' fashion district, commonly referred to as the 'Jobber Market,' where several Korean American-run wholesale clothing stores are located. In a statement released the same day, the Korean American Federation of Los Angeles condemned the enforcement actions, describing them as 'unilateral and heavy-handed.' 'These actions by ICE (Immigration and Customs Enforcement) disregard proper legal procedures,' the organization said. 'We urgently call on our local elected officials to take action and provide solutions to this crisis. In addition, we will work closely with local organizations to ensure that no individuals are unjustly harmed.' 'Even individuals who struggle with English or are unable to provide identification immediately are reportedly being arrested or detained first,' the organization added. 'This has caused significant harm and confusion, not only among Korean nationals but also among local residents.' The KAFLA, founded in 1962, is a nonprofit organization that serves the Korean American community of Los Angeles. Sydney Kamlager-Dove, a democrat representing California's 37th congressional district, which includes a significant Korean American population, said she was monitoring the situation closely. She specifically pointed to Korean American-owned businesses in her district. 'I am closely monitoring the ICE raids that are currently happening across Los Angeles, including at a Korean American-owned store in my district,' she wrote on social platform X. According to The Associated Press, immigration authorities arrested 44 individuals during the operation. However, as of Friday evening, the Korean Consulate General in Los Angeles said no Korean nationals or Korean Americans had been confirmed among those detained.


Korea Herald
3 days ago
- Korea Herald
Political uncertainty falls below pre-martial law levels: BOK
The level of political uncertainty in South Korea has returned to levels seen prior to the martial law incident, following the recent presidential election, the central bank said Friday. According to data submitted by the Bank of Korea to Rep. Cha Gyu-geun of the Rebuilding Korea Party, the political uncertainty index stood at 1.5 as of June 4, the day after the election, in which Democratic Party candidate Lee Jae-myung defeated conservative rival Kim Moon-soo. The index, which had been around 0.4 in early December, spiked to a record high of 12.8 in mid-December, following former President Yoon Suk Yeol's surprising declaration of martial law on Dec. 3. Though the index rose slightly above 1 after the election, the BOK noted that such minor fluctuations are common in normal times and should not be interpreted as meaningful. The index is compiled by the BOK's research department by tallying the number of media articles that include both the keywords "politics" and "uncertainty" in their headlines or main text. It reflects relative values, with the long-term average from the beginning of 2000 set at zero, the BOK said. The previous record high was 8.8, recorded on March 17, 2004, following the passage of the impeachment motion against the late former President Roh Moo-hyun. The economic uncertainty index also fell to 1.2 as of June 4, a level similar to the 1.1 recorded on Dec. 3. The index had surged to 5.4 on Jan. 2 but gradually declined, reaching as low as 0.5 on May 15, the BOK said. "The political uncertainty that has weighed on the economy over the past six months is expected to ease significantly," BOK Gov. Rhee Chang-yong said at a press briefing last week. "Political factors are no longer having a meaningful impact on the won-dollar exchange rate." The Korean won had weakened sharply earlier this year, nearing 1,500 won per US dollar, largely due to the domestic political turmoil and concerns over the sweeping tariff measures under US President Donald Trump's administration. But it rebounded to its strongest level in about seven months Thursday, closing at 1,358.4 won per dollar. (Yonhap)