Kyodo News reports an 'Erasmus' scheme for E. Asia in the works

http://search.japantimes.co.jp/cgi-bin/nn20091017b2.html

Asia student exchange program eyed

SEOUL (Kyodo) South Korea, Japan and China are seeking to create a student exchange program modeled on Europe's Erasmus scheme that would allow their university students to study in each other's country without extra tuition fees, Yonhap news agency reported Friday, citing diplomatic sources.

Under the Campus Asia program, all credits earned by the participants in other countries would be recognized at their home institutions, the report said.