April 7, 2009

South Korean Students, Hit Hard by Currency Declines, Opt to Stay Home

By David McNeill

It is still too early to predict enrollment numbers for international students in the United States this fall, but colleges in Asia are already seeing big declines among South Koreans studying abroad.

The value of South Korea's currency dropped sharply in recent months, almost doubling the cost of living abroad for South Korean students and throwing their budgets into disarray. It has since started to bounce back but remains volatile. South Korea remains a hugely important

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