Busan City Signs an MoU to Establish a Busan Campus of Lancaster University of England.
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Busan Metropolitan City and Busan-Jinhae Free Economic Zone (BJFEZ) Authority have signed a Memorandum of Understanding on the establishment of the Busan campus with Lancaster University of England, at Busan City Hall on March 6, 2017. The signing ceremony included BJFEZ’s Commissioner Jin Yang-hyun, Suh Byung-soo, Busan Mayor and Professor Steve Bradley, Pro-Vice-Chancellor of Lancaster University.
The Busan campus plans to open in the Myeongji global campus town in September 2019 and offer undergraduate, graduate and management courses specializing in finance, management and logistics.
The Financial Times ranks Lancaster University's international management course the fifth in the world and its MBA corporate strategy program ranked first in the world in 2015 and 2016. The Times has named Lancaster University the top university in North West England for nine years in a row and ranked its research capability first in the nation for the fourth consecutive year. The university has been increasing its global reach by offering joint degree courses with universities in China and Malaysia, and establishing its campuses overseas.
By attracting top overseas universities, the Myeongji global campus establishment project has gathered momentum and Myeongji international new city, as the key district of Busan-Jinhae Free Economic Zone, has become an international business city.
