Konkuk University
On May 3, Konkuk University announced that it was selected by the government to participate in the Program for Industrial Needs-Matched Education, also known as the PRIME project. Higher education institutions receive incentives for restructuring and training students to meet the society's needs under the project. Of the 75 universities that applied, Konkuk University, Ewha Womans University, and Hanyang University's ERICA campus and 18 other universities were chosen. As a result, Konkuk University is expected to receive up to 450 billion won in government funding over three years until 2018. More than 15% will be allocated for scholarships, and a significant portion will be used to improve educational programs and build infrastructure.