A strategic analysis for successful Brain Korea 21 initiative based on structural equation model

Brain Korea 21 (BK21) is a plan launched by the Korea Ministry of Education to strengthen the competitiveness of research and education quality of universities in Korea. The main objective of this study is to evaluate BK21 initiative and provide feedback for more effective implementation. We used a structural equation models to find the relationship among various factors with the satisfaction of participating students. The results imply that some strategies for BK21 need to be modified in order to increase the number of qualified applicants and to level up the satisfaction level of the graduate students in Korea.