Where an investor is not an overseas educational establishment applying for establishment
of a new educational establishment with foreign owned capital at the college or university
level in M(국가명), there must be a written, official undertaking for support for the first five
years of operation from a foreign college or university which has been operating for at least
fifteen (15) years, ensuring supply of training programs which have been evaluated and of
lecturers, until such establishment is itself able to ensure formulation of a training program,
development of a staff of teachers, and has been evaluated and recognized by a
M( 국민) or foreign evaluating body.
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