South Korean universities reach agreement with Elsevier after long standoff | Science | AAAS

"After a monthslong standoff, a consortium of hundreds of South Korean universities has reached a new deal with scientific publisher Elsevier for access to ScienceDirect, a database containing content from 3500 academic journals and thousands of electronic books. The agreement, which includes price hikes between 3.5% and 3.9%, was concluded shortly before 12 January, the day Elsevier had threatened to cut access to ScienceDirect. The publisher had pushed for a 4.5% increase."