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Engineering College Students to be Tailor-Made for Businesses
November 24, 2004
A win-win program for both students and businesses is to be introduced, with engineering colleges arranging curriculums needed by businesses in contracts. The Ministry of Commerce, Industry and Energy has decided to introduce 'a project overhauling curricula of engineering colleges' so that skilled engineers on demand can be produced in cooperation between consumers or businesses and suppliers or colleges.
In contracts between the two parties, colleges will arrange their curricula according to businesses' requirements, while participating companies would guarantee jobs to graduates of the curriculums above the given level. This would solve the imbalance between colleges and businesses in supply of skilled engineers and encourage the business community to actively participate in the program as a means to secure quality manpower.
The ministry plans to select around 10 of the consortia to be formed between four-year engineering colleges nationwide and businesses and to subsidize up to 100 million won each to the selected 10 consortia for up to two years. Those eligible for the tailor-made curriculums will be juniors and seniors at engineering colleges, with 20 students or more forming one team.
One consortium will be formed in a variety of combinations: one company and one college; two or more companies and one college; one company and two or more colleges; two or more in each party.
Meanwhile, participants in both businesses and colleges will have to fund 50 percent or more of the total capital needed for the project (half of the capital in cash), colleges will have to revamp the existing curriculums or introduce new courses at the demand of businesses. Those businesses will have to provide scholarships to participating students along with laboratory equipment and employment after graduation.
The government subsidy will be confined to the purchase of equipment and to developing new texts and curricula along with on-site training.
In addition, priority will be given to the colleges that are endorsed by the Accreditation Board for Engineering Education of Korea and adopt credits for on on-site training or the creative engineering design course 'capstone-design.'
Any college and corporation hoping to participate in the program will have to file applications with the screening body, the Korea Industrial Technology Foundation (KOTEF) by November 30, after forming a consortium and drawing up a project plan.