Abstract
In this article, the author outlines the key higher education development trends in South Korea in the context of globalization and regionalization. The influence of globalization processes on the higher education development in the countries of the Far East as exemplified by South Korea has been identified and studied in detail. The article features the specifics of internationalization process and determines its types. Prioritized is the statistical data obtained from participation of the South Korean students in the academic mobility programs due to the opportunity to adequately assess such processes in the entire region rather than just one country. The research results have analyzed the specifics of regionalism in the higher education and suggest a clear idea of how it differs from the internationalization process. The author has researched the influence of the union processes on the European Union and the education policy of the ASEAN member states. The article dwells on the Association achievements in the higher education area and highlights the advantages of the above. The article is focused on the economic policy of the South Korean Government and the strategy of further financing and development of the area. It has been noted that there is direct correlation between the education quality and the invested financial resources. The author further analyzes the state policy in the area of continuing education or lifelong learning and gives a general description of the problem as well as singles out the main types of the educational institutions offering knowledge
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