지속가능한 대학자산 개발 모델 연구

A study on the Sustainable University Asset Development Model: Focusing on Four-year Private University in Seoul

The purpose of this study is to analyze the development cases of basic property for education and basic property for profit in order to expand the finances of increasingly poor private universities and to present policy implications for profit models. A decade-long freeze on tuition fees, phased abolition of admission fees, a decline in enrollment quota, and donations driven by several specific universities and poor state subsidies are making many private universities' finances even worse. Due to the decrease in enrollment quota, the basic property for education exceeding the standard of securing will continue to increase, and universities are developing the basic property for excess education by converting it into basic property for profit. In addition, universities that dispose of low-return basic property, acquire high-return basic property alternatively, or own land and buildings in central commercial areas purchase additional land adjacent to the existing site and develop it in scale. To this end, the management's firm will and execution, the recruitment of professionals to strengthen expertise should precede them first, and the development of basic assets for education and profits will likely further expand for such universities to expand their finances.