The Ministry of Education is implementing a special transfer program for 121 students at Gwangyang Health University, which is set to close in August following a bankruptcy declaration due to financial difficulties. To minimize disruption to students' education, the ministry will support transfers to similar programs at nearby universities in Jeonnam and Jeonbuk, and will also adjust essential practical training schedules in the health and medical fields to ensure students can graduate on time.
On July 20, the Ministry of Education announced the special transfer program for the 121 enrolled students (including current and leave-of-absence students) at Gwangyang Health University, located in Gwangyang, Jeonnam, which is confirmed to close on August 31 following the bankruptcy of its operating foundation, Yangnam Academy.
Yangnam Academy was declared bankrupt by the Gwangju District Court on June 19 due to financial difficulties and mismanagement. After the bankruptcy trustee consulted with university stakeholders, a request was made to the court to continue operations until August 31, which was approved on July 1, finalizing the closure date. The Ministry of Education is proceeding with the special transfer program based on Article 29, Section 2, Item 15 of the Enforcement Decree of the Higher Education Act, which allows for transfers outside of the regular quota in cases of bankruptcy.
The special transfer program is available to students from the eight departments at Gwangyang Health University who wish to transfer to other universities. The ministry is coordinating with nearby universities in Jeonnam and Jeonbuk to facilitate transfers to programs that are the same or similar to their current studies. To protect students' educational rights, the transfers will be conducted in two phases: the second semester of the 2026 academic year (Phase 1) and the first semester of the 2027 academic year (Phase 2).
Additionally, to prevent delays in graduation for students in health and medical programs who must complete practical training, the ministry plans to actively seek cooperation from the receiving universities to adjust the timing of practical training. For students with disabilities, the receiving universities will be required to review and prepare support systems in accordance with relevant laws and accreditation standards.
The Ministry of Education will hold an information session on the special transfer program on July 29 at 2 PM at the Gwangyang Cultural and Arts Center to provide detailed guidance on the schedule and important considerations. In collaboration with the Korea Foundation for the Promotion of Private Education, the ministry will ensure that all enrolled students are informed of the transfer schedule and that no students are overlooked, facilitating a smooth transfer process.
Lee Hae-sook, Director of the Higher Education and Lifelong Policy Office at the Ministry of Education, stated, "We will promptly implement the special transfer program in accordance with relevant laws to minimize inconvenience for students and ensure their education is not disrupted. Given the tight schedule for the second semester transfer, we ask for the active cooperation of Gwangyang Health University students and related institutions."
On July 20, the Ministry of Education announced the special transfer program for the 121 enrolled students (including current and leave-of-absence students) at Gwangyang Health University, located in Gwangyang, Jeonnam, which is confirmed to close on August 31 following the bankruptcy of its operating foundation, Yangnam Academy.
Yangnam Academy was declared bankrupt by the Gwangju District Court on June 19 due to financial difficulties and mismanagement. After the bankruptcy trustee consulted with university stakeholders, a request was made to the court to continue operations until August 31, which was approved on July 1, finalizing the closure date. The Ministry of Education is proceeding with the special transfer program based on Article 29, Section 2, Item 15 of the Enforcement Decree of the Higher Education Act, which allows for transfers outside of the regular quota in cases of bankruptcy.
The special transfer program is available to students from the eight departments at Gwangyang Health University who wish to transfer to other universities. The ministry is coordinating with nearby universities in Jeonnam and Jeonbuk to facilitate transfers to programs that are the same or similar to their current studies. To protect students' educational rights, the transfers will be conducted in two phases: the second semester of the 2026 academic year (Phase 1) and the first semester of the 2027 academic year (Phase 2).
Additionally, to prevent delays in graduation for students in health and medical programs who must complete practical training, the ministry plans to actively seek cooperation from the receiving universities to adjust the timing of practical training. For students with disabilities, the receiving universities will be required to review and prepare support systems in accordance with relevant laws and accreditation standards.
The Ministry of Education will hold an information session on the special transfer program on July 29 at 2 PM at the Gwangyang Cultural and Arts Center to provide detailed guidance on the schedule and important considerations. In collaboration with the Korea Foundation for the Promotion of Private Education, the ministry will ensure that all enrolled students are informed of the transfer schedule and that no students are overlooked, facilitating a smooth transfer process.
Lee Hae-sook, Director of the Higher Education and Lifelong Policy Office at the Ministry of Education, stated, "We will promptly implement the special transfer program in accordance with relevant laws to minimize inconvenience for students and ensure their education is not disrupted. Given the tight schedule for the second semester transfer, we ask for the active cooperation of Gwangyang Health University students and related institutions."
* This article has been translated by AI.
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