In line with its no-tolerance policy for lousy schools, the Ministry of Education, Science and Technology ordered two universities in South Jeolla to shut down if they don’t make immediate changes the ministry has demanded.Myungshin University has until September 27th to repay the embezzled funds, while Sunghwa College's deadline is October 1st.
The two schools, Myungshin University and Sunghwa College, are expected to close as both of the schools have been accused of corrupt practices such as giving grades and attendance records to thousands of students who never bothered going to classes, trying to boost their reputations.
“We expect the schools’ closings to be finished by early next year,” said Kim Dae-sung, an official at the Education Ministry.
The Korea Times writes that government subsidies to these 43 "lousy" schools will end "as part of a set of measures to weed out poorly-managed higher education establishments."
The government will also restrict loans for students attending 17 of the 43 schools. Loans to students at the worst four schools — Kundong University in Andong, North Gyeongsang Province; Myungshin University in Suncheon, South Jeolla Province; Holy People University in Cheonan, South Chungcheong Province; and Sunghwa College in Gangjin, South Jeolla Province — will be limited to only 30 percent of tuition fees next year.

At least Sunghwa College has a neat campus.
The Korea JoongAng Daily embedded a list of the 43 "lousy" schools, typed after the jump:
The four-year colleges:
Chodang University
Chugye University for the Arts
Daebul University
Daejeon University
Far East University
Gyeongju University
Holy People University
Hyupsung University
Incheon Catholic University
International University
Joongbu University
Korea Christian University
Koshin University
Kundong University
Kwangdong University
Kyungdong University
Kyungnam University
Kyungsung University
Luther University
Mokwon University
Myungshin University
Pyeongtaek University
Sangmyung University
Seonam University
Seoul Christian University
Seowon University
Wonkwang University
Youngdong University
And the junior colleges:
Busan Arts CollegeNaver gives us the list in Korean:
Busan College of Information Technology
Byuksung College
Dongju College
Dong-U College
Jeonbuk Science College
Juseong University
Kimpo College
Kookje College
Saekyung University
Sohae College
Sorabol College
Sunghwa College
Woongji Accounting and Tax College
Yeongnam Foreign Language College
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