• Who is the Next Entrepreneur?
    Who is the Next Entrepreneur?
  • Advanced Management Program (AMP) 84th Admissions (Fall 2017)
    AMP 84th Admissions (Fall 2017)
  • KU MBA is No. 1 for 5 Consecutive Years
    KU MBA is No. 1 for 5 Consecutive Years
  • Korea University Selected for “Leaders in INdustry-university Cooperation (LINC+)”
    KU Selected for LINC+
  • KU Tops among Korean Private Universities in QS World University Rankings by Subject
    KU Outperforms Korean Universities in QS
KU Ranks No. 1 in "MBA Evaluation Surveyed by HR Managers at Top 200 Companies" for 5 Consecutive Years
KU Ranks No. 1 in "MBA Evaluation Surveyed by HR Managers at Top 200 Companies" for 5 Consecutive Years   It comes as no surprise. Once again, Korea University topped “The MBA Evaluation Surveyed by HR Managers at Top 200 Companies,” an annual survey by Hankyung Business. The results are meaningful because HR managers who are consumers of the manpower market directly participate in the survey. The evaluation is served as an indicator of what the status quo of MBA programs, reviewed by HR mangers, stand. Since the evaluation took place in 2013, KUBS has been securing its crown as the best MBA programs in Korea.     ▲Photo credit: Hankyung Business  The 2017 MBA Assessment was conducted with the 14 universities, including 13 “Korean MBA schools,” recognized by the Ministry of Education (Konkuk University, Korea University, Dongguk University, Sogang University, Seoul National University, Sungkyunkwan University, Sookmyung Women's University, Yonsei University, Ewha Womans University, Inha University, Chonnam National University, Chung-Ang University, Hanyang University) and KAIST. The six evaluation criteria are as follows: △Employer’s Preference, △Development Potential, △Compatibility with Organization, △Globalization, △Professionalism and △Recommendation.   Korea University’s MBA programs are No. 1 for five consecutive years, scoring a total of 3418 points this year. △Seoul National University (3271 points) came in second followed by △KAIST (3rd, 2956 points), △Yonsei University (4th, 2916 points), and △Sungkyunkwan University (5th, 2916 points). Hankyung Business reported that the KU MBA remained robust in the criterion that asks how well graduates can communicate with team members with friendly and altruistic mind in a Korean company where it has a strong organizational culture.   “Having the most outstanding faculty members as well as invited and adjunct professors with abundant practice accumulated, KUBS provides a variety of major courses demanded by industries,” KUBS Dean Soo Young Kwon said. “Particularly, in the era of the Fourth Industrial Revolution where the barriers between industries are rapidly breaking down, the KU MBA programs produce synergy while gaining insights and intellectuals through business networks.“   View Related Articles 고려대 MBA, 5년째 1위…‘이변은 없다’ 고려대 MBA 왜 강한가…조직 융화력에 발전 가능성 ‘높은 평가’ 위기의 한국형 MBA, 재도약 노린다 권수영 고려대 경영전문대학원장 “4차 산업혁명 시대 맞춤형 인재 키울 것”
Jun 16, 2017
KU Selected for “Leaders in INdustry-university Cooperation (LINC+)”
KU Selected for “Leaders in INdustry-university Cooperation (LINC+)” KUBS builds a distinguished Industry-Academia Cooperation model utilizing its unique startup institute, internship program, etc. KUBS devotes to help local industries and communities to be both developed by realizing the world-class Industry-Academia Integration. Korea University is selected as an “Advanced Industry-Academia Cooperation University” in the “Leaders in INdustry-university Cooperation (LINC+),” conducted by the Ministry of Education and the National Research Foundation of Korea.   A total of five colleges, including △Korea University Business School (KUBS), △College of Engineering, △College of Health Science, △College of Informatics, and △School of Art & Design, participated in the KU LINC+ Project. Of all, KUBS and College of Engineering will play a pivotal role in this project. KUBS received excellent marks by proposing a distinguished “Industry-Academia Cooperation” model based on its independently operated startup institute and global & domestic internship programs. As a selected university for the LINC+ project, KUBS will cultivate excellent manpower, create jobs, and innovate small and medium-sized companies, based on close cooperation with local industries and communities. The business school plans to strengthen its competitiveness and actively engage in the project activities.   Meanwhile, the LINC+ is a large-scale financial support project with an estimated budget of 327 billion KRW. In addition, this is a newly established Socially-Customized project closely linking university curriculums to social demands. A total of 55 universities, including Sungkyunkwan University and Hanyang University, were selected for the LINC+ project, which aims to alleviate the youth job crisis and labor shortage at firms. Each university was evaluated whether the proposed “Industry-Academia Cooperation” model is appropriately reflecting its vision, circumstances, and features, and is feasible with internal and external conditions.   Korea University will receive up to 5 billion KRW per year through the LINC+ project. This year’s allocated amount is 3.2 billion KRW. The LINC+ project will be sustained for five years from 2017 to 2021. The university plans to expand a new center within Research & Business Foundation. The director of the center is Professor Kwan Young Lee, who is also research superintendent of Korea University. The key development plan of the KU LINC+ is “emerging future knowledge industry by establishing an integrated Industry-Academia Cooperation platform.” The university strives to develop a global Industry-Academia Cooperation model through the following diverse programs: Student-designed Major, Fusion Major, π-Ville for Young Entrepreneurs, and KU All-Set Support. The three core strategies of innovative national and local industries include △establishing a world-class Industry-Academia Cooperation infrastructure, △developing an integrated educational and research system for future industry, and △revitalizing Anam-Hongreung Valley.   In particular, Korea University signed an MOU with KIST Graduate School. With Anam-Hongreung Valley, aiming to be Korea’s Silicon Valley, the university intends to pioneer and realize the world-class Industry-Academia Integration with industries, universities, research institutes, and communities. Once the platform is created, a variety of supports, including startup ideas and support services, will be offered by π-IDEAS Factory and KUBS Startup Institute in conjunction with local communities.
Jun 16, 2017
KUBS Startup Institute Holds “CHOO CHOO DAY”
KUBS Startup Institute Holds “CHOO CHOO DAY” “CHOO CHOO DAY” helps business to be successfully stabilized through practical investment network.   On May 18 (Thu) from 4:00 p.m. to 7:00 p.m., “The 2017 CHOO CHOO DAY” was held at the second floor of KUBS Main Building. The event was hosted by Korea University Business School (Dean=Professor Soo Young Kwon) and supervised by the KUBS Startup Institute. CHOO CHOO DAY is a demo day of the KUBS Startup Station, which is a startup incubation platform, and also is the last event of a six-month startup incubation program.       The event was filled with enthusiasm of 150 participants including prospective entrepreneurs, venture capitalists, accelerators, and angel investors. The participating startup teams who joined the CHOO CHOO DAY are as follows: ① REDROCKET (crowdfunding service for college students), ② TRANDIST (market place using celebrity), ③ Kidop (customized 1 to 1 home visiting education service for children, ④ Taling (P2P talent sharing online platform), ⑤ VLOGR (video editing service), ⑥ Artridge (exporting Korean emoticons),  and ⑦ CANVAS (3D printing/production/sales platform for jewelry designers. The seven startup teams had the opportunity to present their products and services for ten minutes each at the open IR (Invest Relations) session and information booths.     The startup teams at the KUBS Startup Institute were selected through a startup competition called “The 2016 Startup Express.” Prior to the competition, only ten percent of applicant teams passed the application screening process and interview. Each team was granted a budget for operation expenses of 1,000,000 won. They also received an office space, available on the second floor of the Iljin Center for Startup Incubation, networks, and advertising & marketing services for free. The companies that signed an MOU with KUBS, such as △Kim & Chang (law firm), △PwC (accounting firm), △Amazon Web Service, and △Y Crowdfunding, provided practical business support as well. Over the past six months, venture capitalists and angel investors reviewed the overall business performance by conducting five times of mentoring sessions and mid-term appraisals.     “This demo day has allowed our business to be more concretized and made us think about how to attract investment in reality,” said Vlogr CEO Taejun Lee who presented at the CHOO CHOO DAY. “As we diligently prepared for the event, I hope there will be fruitful results.“  
May 19, 2017
“Global CEO Special Lecture” Course by Living Hankook CEO Young Mok Kim
“Global CEO Special Lecture” Course by Living Hankook CEO Young Mok Kim   On April 27 (Thu), Living Hankook CEO Young Mok Kim presented a special lecture in room 432 of LG-POSCO Building. CEO Kim majored in Fine Arts at Washington University in St. Louis and also is an alumnus of the First Class of the KUBS Executive MBA. He established a global ceramics brand called “Prouna” and has lead to great success in Korean ceramics. The lecture included △Prouna Success Story, △Engines of Success, and △Vision of Living Hankook.      When CEO Kim announced that he will create a luxury ceramics brand in Korea, most people thought it was impossible. “I barely convinced the chairman and received a 10 million won budget along with one year of time,” CEO Kim said. “I had to resign from my job if I could not make Prouna successful.” Although CEO Kim faced difficulties due to lack of budget and time, he successfully founded a global brand with the help of people around him and his passion.   “Since the budget was limited, I had to create everything by myself – from making a brand name to brochure,” he added. “I was able to overcome the challenges by having faith in my dream and the people who built up a good rapport with me.” Prouna is already launched in department stores all over the world, including British luxury department store Harrods. In addition, the brand has been selected as one of the Queen Elizabeth’s birthday presents.       “If you believe in your dream and stay humble, people will automatically lend you a helping hand,” said CEO Kim at the end of the lecture. “Always dream big and endeavor to achiever your goal.”  
May 15, 2017
World-famous Roboticist Dennis Hong Speaks at “KUBS Futurum Lecture Series”
World-famous Roboticist Dennis Hong Speaks at “KUBS Futurum Lecture Series”   Korea University Business School (KUBS) launches “KUBS Futurum” which is an annual forum on the future. The first guest speaker of the Lecture Series is robot scientist Dennis Hong, a professor at the University of California Los Angeles (UCLA). The special lecture will be held on May 22 (Mon), and the title of his lecture is “How Will Robots Change the Future?” The session is open to KUBS students. Any inquiries can be directed to the Futurum Office at 02-3290-1306.     Dr. Hong is prominent in the field of robotics for building a vehicle for blind drivers. He is also known as the Leonardo da Vinci of robots. Dr. Hong built his first humanoid soccer player called “DARwIn” and “BALLU,” a balloon-bodied robot filled with helium.   “Futurum,” which also means future in Latin, is a compound word made up of “Future” and “Forum.” The forum consists of a total of four sessions as follows: △Lecture Series, △Asia Trilateral Seminar, △Roundtable, and △Business and Economic Outlook. The KUBS Futurum aims to discover and ponder the future issues that Korean society and economy will confront as well as offering insights. Under the slogan “KU-the Future,” signifying that KU will open, lead, and make the future, Korea University has been exerting its utmost efforts to nurture talents for the future society. Every May, the Lecture Series brings in world-renowned figures to share their insights. The session is intended to keep up with the latest trends on changes in the future society and to discuss about the outcomes of those changes. The Asia Trilateral Seminar will be held every May in conjunction with Peking University in China and Hitotsubashi University in Japan. The purpose of the session is to share plans prepared for the fourth industrial revolution with China and Japan which are deeply tied to Korea economically. The seminar, titled “Strategies for Korean, Chinese, and Japanese Companies Entering Period of Low Growth," includes a debate on the changes in the future society, and strategies and policies to lead the future.       The Roundtable, held on the day before Ko-Yon Games (an annual student-led sporting event), is an annual discussion with invited alumni. The themes of the session are the past, present, and future. KUBS alumni will gather around to look back on the past, understand the present, and seek solutions to actively cope with a complicated future. In December, KUBS and the Department of Economics will jointly run the “Business and Economic Outlook.” Although a number of institutes in Korea and abroad release the microeconomic outlook, there is no single institute that provides specific outlook by industry. KUBS and the Department of Economics plan to publish a prospect report, covering quantitative outlook by sales, revenues, and investments of each industry. Reports will be released at an open seminar held in every early December and distributed online for free.    “The KUBS Futurum will provide the opportunity to examine the fourth industrial revolution, which still brings uncertainty for the future, and to find directions for humanity to steer,” KUBS Dean Soo Young Kwon said. “I hope you can learn how companies facing Intelligence Society will transform and how the Korean economy can survive in this rapidly changing environment. In addition, this forum allows intellectuals to assemble and think about what entrepreneurship is.”
May 10, 2017
“GMBA & MIM Is a Diversified Program That Meets Various Demands” – Interview with GMBA Program Director Yong Keun Yoo
Interview with GMBA Program Director Yong Keun Yoo “GMBA & MIM Is a Diversified Program That Meets Various Demands”   The Round 3 application deadline for Korea University Business School’s GMBA & MIM Program (Dean=Professor Soo Young Kwon) is just one day away. Today, we brought an interview with GMBA & MIM Program Director Yong Keun Yoo to help those who still have questions about the program!   Since the program was reorganized from Global MBA into GMBA & MIM, Professor Yoo has been Program Director for one year. “The GMBA & MIM is a diversified program that can meet various student demands such as short-term career development and a dual degree,” said Professor Yoo who has a profound understanding and experience of the program. Find out more information about GMBA & MIM through this interview.     Korea University Business School’s Global MBA was reorganized as “GMBA & MIM.” What is the reason for this? The GMBA is about to mark its 11th anniversary. Over the past decade, student needs have definitely changed. There are a variety of demands depending on students’ circumstances. For instance, some students are getting an MBA sponsored by their company, some are enrolling for their short-term career development, and some are aim for a dual degree. On that account, we believed that the one-year Global MBA program has to be changed, and it was reorganized into “GMBA & MIM” last year. Tell us about the newly reorganized “GMBA & MIM.” The “GMBA & MIM” is divided into three tracks as follows: ➊ GMBA Single Degree Track, ➋ GMBA + CEMS MIM Dual Degree Track, and ➌ GMBA + Exchange Program Track. The GMBA Single Degree Track is the same as the Global MBA. When applying for an MBA program, many applicants consider an overseas university as well. However, in order to earn an MBA abroad, there will be various opportunity costs. The GMBA Single Degree Track is designed for those who wish to enhance their career by studying in a globalized MBA program in Korea. This track, also known as Fast Track, was established to meet demands of students who want to concentrate on their studies for a year and quickly bring back to their companies.   Next, I will introduce the GMBA + CEMS MIM Dual Degree Track. Korea University has been selected as the representative business school in Korea, as our school became a full academic member of the CEM Global Alliance, an alliance of prestigious business schools, in 2015. The GMBA + CEMS MIM Dual Degree Track was launched by joining the CEMS. In this track, students will study at Korea University for a semester and then at one of the 29 partner universities abroad for another semester. Although each partner university has a different exchange program policy, students can generally earn a GMBA degree and a CEMS MIM degree, whose program was ranked fourth in the 2015 FT Rankings, within 1 or 1.5 years.   Last but not least, if you choose the GMBA + Exchange Program Track, you can go abroad for six months after completing one year of the KUBS GMBA Single Degree Track. This track will be suitable for those who not only learn business but want to increase understanding of global market environment and culture and gain hands-on experience.   What are the proportions of students enrolled in the three tracks? Generally, 50% of students enter the GMBA Single Degree Track, 30% for the GMBA + CEMS MIM Dual Degree Track, and 20% for the GMBA + Exchange Program Track. In case of the GMBA + CEMS MIM Dual Degree Track and the GMBA + Exchange Program Track, students will have to study in Korea and a foreign country. How much is the tuition fee? For the GMBA + CEMS MIM Dual Degree Track, students are required to pay tuition at Korea University only, which is the same as the GMBA Single Degree Track, and they are responsible for their living expenses for studying abroad. One of the advantages is that students can earn two degrees by only paying for the KUBS GMBA tuition fee. For the GMBA + Exchange Program, students will study at an overseas university for an additional semester through “Completed Research Student System” after completing the one year curriculum at KUBS. It means that students can study abroad at a partner university, with the additional fee of 500,000 won. Fixed fees may be charged as some partner universities request a course fee or membership fee   Which schools are the academic members of the CEMS Global Alliance? Only the most reputable business school in each county can join the CEMS Global Alliance. As of now, the 30 prestigious universities around the world, including ▲Korea University Business School in Korea, ▲The London School of Economics and Political Science in the United Kingdom, ▲HEC Paris in France, ▲Ivey Business School in Canada, ▲Keio University in Japan, ▲Tsinghua University School of Economics and Management in China, and ▲National University of Singapore in Singapore, are full academic members. These CEMS member schools are carrying out active exchanges in many aspects. They bring synergy to all involved by benchmarking excellent curriculums and sharing their know-hows. ▶ CEMS School List   A MIM degree is quite unfamiliar in Korea. Tell us more about the CEM MIM of the GMBA + CEMS MIM Dual Degree Track. I am sure many of you are unfamiliar with a MIM (Master of International Management) degree. The MIM is simply a “European MBA.” Unlike a regular MBA program, the MIM prefers people with a short career span. So, students are mandatory to do an internship aboard to obtain a MIM degree.       Because of this, a business school must invite a Corporate Partner in order to become a member of CEMS. The CEMS corporate partners are Google, BCG, McKinsey, Facebook, P&G, etc. KUBS has brought in Hyundai Motor Company as its corporate partner. These corporate partners offer an internship opportunity to CEMS student only, and CEMS also actively supports internship and employment opportunities. I strongly believe that students can land a job at a global company through an internship program provided by CEMS.    You said doing an internship is a must in the CEMS MIM. Do students with work experience have to do an internship? No, they don’t have to. Students who already have work experience are exempt from doing an internship. In fact, when seeking for a job after graduation, they can access to a corporate pool provided by the CEMS Global Alliance.   If a student enrolls in the CEMS MIM, how will he or she be assigned a CEMS member school for the exchange program? Also, how many exchange students from CEM member schools are coming to KUBS? Though each member school individually send and accept students, they have mutually agreed to accept students selected by the CEMS member schools; thus, there is no additional application or admission process to study abroad. According to the students who chose the CEMS MIM track last year, they not only go abroad in Asia — such as Hong Kong and Australia — but study in Canada, the United Kingdom, France, Switzerland, Spain, etc. Overall, there are many CEMS member schools in Europe, so this track is recommended to people who want to build a business network in Europe.     KUBS will accept students from other CEMS member schools starting next semester, and we expect to have more than 25 incoming students per year. As students will be selected by the best business school in each country, we look forward to having more talented and outstanding international students. I heard that the CEMS MIM Graduation Ceremony is very special. The CEMS MIM Graduation Ceremony truly proves that it is a strong global network. Even though students studied across the world, the CEMS MIM Graduation Ceremony allows students to gather in one place and affirms they are officially CEMS alumni.     In late 2016, I attended the graduation ceremony held in Stockholm, Sweden. Over 2,000 people, including the students of the 30 CEMS member schools and their family who came to celebrate joined the ceremony. This is indeed a large scale since 2,000 people across the 30 countries gathered in one place. The CEMS Graduation Ceremony 2017 will be held in Sydney, Australia. In 2020, KUBS will host a graduation ceremony in Seoul.     How do CEMS MIM students and alumni build a network?  People might assume that the CEMS alumni network would be weak because students are spread out in the 30 different countries. In fact, that is not true. The CEMS network is actively engaged. For instance, CEMS students of each member school meet up twice a year for three to four days and share their issues. Moreover, each school has clubs by area and industry, and club officers regularly have a meeting. There is a platform where students can network and share information on studies and career after graduation through CEMS Alumni Association, established in 1993.           I heard there is a track where students can earn an EBS MIM degree in Germany or an ESCP MIM degree in France along with a GMBA degree. Yes, you are correct. Besides the three tracks we’ve talked about, we also run another dual degree program in partnership with EBS in Germany and ESCP in France. EBS is dominant in automobile business sector while ESCP is well-known for having luxury marketing. The program is a two-year curriculum — one year at KUBS and another year at EBS or ESCP. People who have decided to pursue their career path in automobile industry or marketing tend to apply for this program.   It’s been one year that you have been GMBA Program Director. Is there any memorable episode with students?  There is a program called “IRP (International Residence Program) where students pursuing the GMBA Single Degree Track take classes abroad for two weeks. In February, we went to ESADE in Barcelona, Spain. Although I am not interested in soccer, I became a huge fan of FC Barcelona after watching their soccer match and cheering with the students. One of the great things about being a program director is that I get to experience many things with my students.   What is the most important qualifications when selecting students? One must set a clear goal in his or her career. Also, since all classes will be conducted in English, applicants are required have basic English skills. The most important thing in an interview is having confidence in your goal and expressing your motivation of why you want to enroll in an MBA program.   Before wrapping up the interview, please give any advice to prospective “GMBA & CEMS MIM” applicants. I believe businesses will eventually connected to one another. Due to the U.S. oriented market, Koreans were only interested in an MBA program offered in the U.S. However, markets in Europe, Asia, and South America have been gradually expanding nowadays. Students can study abroad at one of the 29 CEMS member schools located in Europe, Asia, and South America though the GMBA + CEMS MIM Dual Degree Track. As the program offers students a strong network and various culture and business experience, this will be the best choice for those who would like to do “real global business.” The GMBA Single Degree Track is suitable to people who already have work experience and plan to return to their job after updating business knowledge within a short period of time. The GMBA + Exchange Program is good for those who wish to experience local culture and market through an exchange program after completing one year curriculum at KUBS. As you can see, the GMBA & CEMS MIM has a variety of options to satisfy many student demands. I hope you get to meet many people and build a precise and wide career path in the GMBA & CEMS MIM.
Apr 27, 2017
[Interview with AMBA Program Director Jaiho Chung] The Best Choice to Build Your Career in Asian Market
Interview with AMBA Program Director Jaiho Chung “The Best Choice to Build Your Career in Asian Market”   The S3 Asia MBA Program (AMBA) at Korea University Business School is an Asian-specialized MBA Program jointly operated by Korea University Business School, National University of Singapore (NUS), and Fudan University (Fudan). Established in 1905, all three universities have a long, unique history and known as the most prestigious universities in business education.   To complete the program, students need to study at each university located in Seoul, Shanghai, and Singapore. For this reason, “S3 (S cube) Asia MBA” is named after the initials of the three cities. Not only Asian students from Korea, China, Singapore, India, etc. but also European students who are interested in the Asian market are enrolling the AMBA. As students can study in the major cities of the Asian economy while experiencing its local market and culture, the AMBA is the best choice for those interested in Asian business.   We would like introduce the benefits of the AMBA through the interview with Professor Jaiho Chung, who is Program Director of the program. “If you want to pursue an MBA overseas and use it in your career, you need to think about which of the two regions — America and Asia — will be beneficial to you,” Professor Chung said. “The AMBA is the most advantageous program for those who wish to continue their career in Asian markets, such as Singapore and Hong Kong.” Please briefly tell us about yourself.   I have been serving as Program Director of the AMBA at Korea University Business School since 2016. I graduated from Seoul National University with a Bachelor’s degree in Economics and received my Ph.D. in Economics from Harvard University. I served as an Assistant Professor at the National University of Singapore from 2001 to 2007. Now, I teach International Finance and International Business at Korea University Business School since 2007.   You have been Program Director of the AMBA since last year. Please briefly explain about the AMBA. The AMBA aims to train business experts specialized in Asia. It is suitable for experiencing and understanding local culture because you get to study in the three countries including Korea, Singapore and China for a year and a half. The program has a total of three semesters. During the first semester, you study basic business courses at Fudan University. Then, you take major course like Marketing Strategy Operation at Korea University. NUS offers strategic courses as well as many other electives. Tell us about Fudan and NUS which jointly operates the AMBA with KUBS. While the north of the Yangtze River has the Peking University, the south of the Yangtze River, where Shanghai is located, has Fudan University. Beijing is the center of Chinese politics, and Shanghai is recognized as the center of economy and culture. Fudan has about 120 full-time professors, and its Executive MBA Program is ranked 40th worldwide in the FT Rankings. The university is currently constructing the new buildings, so students entering next year can study in a better environment.   ▲View of Fudan in Shanghai NUS is the best in Asia, a prestigious business school ranking within the world’s top 10. The NUS Global MBA and Executive MBA are ranked 27th and 17th worldwide in the FT Rankings, respectively. NUS also has about 120 full-time professors and is well-known for having the world’s top 10 research capacity.   ▲View of NUS in Singapore You said the AMBA is jointly operated by the three schools. What degrees will students receive from the AMBA?  What are the requirements for obtaining a double degree? After successfully completing the curriculum, you can receive two degrees – one from your home university and another one from one of the two host universities. For example, if you are admitted to Korea University, you can earn an MBA degree from Korea University and another MBA degree from either Fudan or NUS. Although Fudan does not request additional requirements, you must have a GMAT score of 630 or higher to earn a double degree from NUS. You might think this score seems high but a two-year, full-time MBA program (4 semesters) at NUS requires at least 670. The AMBA has the benefit of earning a double degree with the relatively relaxed standards. In terms of the opportunity cost, you can complete the program within 1.5 years. Also, having the opportunity to move around the three cities sounds already appealing than staying in Singapore for two years, which could be a bit boring.   Tell us about the new student selection process of each university. What are the important qualities when selecting new students? Each university selects students based on their nationality. Fudan selects students from △China, △Hong Kong, and △Macao, and NUS selects from South East and South West Asia including Singapore. KUBS selects Koreans and Japanese. American and European students will be selected by KUBS and NUS. All applications are evaluated based on an applicant’s specific career path and one's interest in Asia business. During the interview, it is important to talk about your ultimate goal, active attitude to maximize the effects of the MBA program, and specific plans after graduation.   Students will be studying in the three cities – Shanghai, Seoul, and Singapore – in the AMBA. How do they adapt to each city? All students can stay in a dormitory at KUBS and Fudan. At NUS, students can live in the faculty dormitory, which is shared by three or four students, in front of the Main Gate. Some students choose to live off-campus and rent an apartment. Chinese, Korean, and Singaporean students will help you adapt to your new surroundings abroad. One of the great advantages of the AMBA is that you get to study abroad with your class every six months. So, you would feel like you’ve made a new family when you graduate.   Career development is significant for students of a full-time MBA program. What services does the AMBA provide? KUBS provides career services through its Career Development Center called Career Hub. In addition, NUS and Fudan run their own career development centers as well as providing career services along with the alumni network. In particular, NUS has 20 staff members of the Career Development Center who work with MBA graduates, so you can take great advantage of this career service. Also, if you are planning to get a job or running business in Asia, you can receive career services provided the three countries and utilize the alumni network.   As being Program Director of the AMBA for the past year, what are some strengths of the program? In the past, MBA programs in the United States were popular. One of the reasons that students choose an MBA is because of their career. However, it is not easy for Asians to get a job in a western country after receiving an MBA degree in the U.S. and Europe. This is why more and more people want to complete an MBA in Singapore, Hong Kong, China, and other Asian regions, and find a position in Asia’s emerging markets. I believe the AMBA, which is an Asian-specialized program, is an excellent option to provide job opportunities in Asian markets. Another strength is that you can earn the most degrees within the shortest period of time. While the most full-time MBA programs run for two years, AMBA students can receive two degrees in a year and a half and build an effective career path.     What areas and markets do AMB graduates mostly pursue? AMBA graduates pursue in diverse areas. If students plan to get a job in Asian markets, they often spend their last semester in Singapore and stay there to look for a job. In addition, there were some cases where students continue their career in Indonesia, China, Hong Kong, etc. Most recently, one of the AMBA students got a position at Medytox, a pharmaceutical company in China. Moreover, many students who run their business in Asia are joining the AMBA. Some continue their business or develop a startup. The important thing is that you can get information about any areas you would like to pursue by using the network of the three universities. Who gets the greatest benefits from the AMBA?  Those who want to build a solid network in Asia, such as China and India, will get the greatest benefits. A large-scale MBA program usually ends with a network consisting of only a handful people. The AMBA offers you the strongest network while traveling around the three cities with your class. Because of this, I strongly do not recommend this program to those seeking for a job in a conglomerate. Students who aim to advance into an Asian-centered global company or to start a business targeting Asian markets will be most satisfied.     Do you have any words of advice for students looking to pursue the AMBA?   Since all AMBA courses are conducted in English, you must work with your English skills. Also, you can make the most valuable assets in the AMBA only if you set an ultimate goal after graduation and develop specific plans for the future.
Apr 18, 2017
[Interview] Startup Express: Winter Seasons – Winning Teams (Vlogr, B&B Brothers, Brave Peach, and GridaZip)
The young entrepreneurs pitched their business ideas and fiercely competed at the 2016 Startup Express: Winter Season. Of the 43 teams, △Vlogr (Grand Prize), △B&B Brothers (Excellence Award), △Brave Peach (Encouragement Award), and △GridaZip (KUBS Research Association Award) were recognized for their excellent business items and won the competition. The four teams have moved into the Iljin Center for Startup Incubation, located on the second floor of KUBS Main Building, and are focusing on their startups. <KUBS Journal> interviewed the two teams to hear more about their business items and future plans. ▶ Related article: “KUBS Startup Institute Selects Its 2nd Teams…"Startup Express Winter Season”   Grand Prize (First Place) - Vlogr   “Videos can fully convey people’s lives. We want to help people caption and share their daily life instinctively and conveniently using Vlogr.” The motto of Vlogr (CEO TaeJun Lee, Business, ’11) is making video editing instinctive.   Vlogr, which is a combination of the word “vlog (also as known as video blog)” and “er (indicating a user),” is based on a video editing app. Vlogr aims to lower the entry barrier of video editing programs through instinctive and automatic functions.   “Many people want to share daily moments of their lives, not professional videos. However, the exiting editing programs are difficult use because there are so many complicated functions. So, our team wanted to help people use an editing program as intuitive as possible and make their video contents even better.”   Excellence Award (Second Place) - B&B Brothers     “We want to help people keep things organized effectively using Internet of Things (IoT).” B&B Brothers (CEO Jae Hyun Park, Public Administration, ’04) aims to expand the existing ERP (Enterprise Resource Planning) system to medium sized businesses by utilizing a basket-shaped storage platform “Stack (a tentative name).” <B&B Brothers>, which started out as a household goods manufacturer, hit a wall in the highly competitive manufacturing market. So, the team devised an idea to combine household goods with IoT.   “Most IoT services are applied to home appliances. Even conglomerates are only concentrating on developing home appliances. However, if we think a little further, household goods with IoT can be used in many different places, such as small shops and homes.”
Mar 16, 2017
[Introducing KUBS Faculty Publication] Prime Broker and Hedge Fund
Introducing KUBS Faculty Publication | Prime Broker and Hedge Fund – Professor Ji-Woong Chung What Effect Does Prime Broker Have on the Hedge Fund?   A joint research paper titled “Prime Broker-Level Co-movement in Hedge Fund Returns: Information or Contagion?,” by Professor Ji-Woong Chung at Korea University Business School (KUBS) and Professor Byoung Uk Kang at Hong Kong Polytechnic University, is published on the Review of Financial Studies.      Prime broker is an indispensable financial intermediary in the hedge fund industry. Compared to regular brokers who simply make orders for clients, prime brokers provide a variety of services such as securities lending, financing, clearing and management/settlement, risk management to hedge fund clients. The relationship between the prime broker and hedge fund is often compared to marriage, and it would not be an overstatement to say that hedge fund operation is impossible without prime brokers. After the legalization of hedge funds in the mid-2000s, business circles and supervisory authorities in Korea have been putting much effort to develop the prime broker industry.   In this research, the research team analyzed how the prime brokers affect the investment behavior of their hedge fund clients. On the first half of the paper, they documented strong co-movement in the returns of hedge funds sharing the same prime broker and later investigated which attributions of the funds and prime brokers underlie this co-movement of returns.   The research team tested various hypotheses on the causes of the return co-movement. Among those, the common information hypothesis where the co-movements were the results of the common investment information provided by the same prime broker is supported the most. Prime brokers find information about various investment opportunities through in-house research or using their network, and share them to their client hedge funds. These industry practices seem driving the return co-movements among client hedge funds. Also, funds with stronger co-movements show higher returns. However, the authors cannot observe how the information is created, acquired, and shared, so the research team does not know if this information is legally acquired. The return co-movement can also be driven by the fact the prime brokers expose their clients to “the common risk.” During the early phase of the financial crisis, Lehman Brothers went under bankruptcy, and simultaneously, many of its hedge fund clients also experienced unusually high rate of failures. This “contagion” has happened because Lehman Brothers could not finance their clients properly, client hedge funds had to fire-sell their assets and suffered huge losses. However, the study shows that this contagion story is not the main cause behind the return co-movement especially during non-crisis periods. The results of this study also have important policy implications. For the purpose of monitoring systemic risk and illegal investment practices in the hedge fund industry, it seems helpful for regulators to cooperate with prime brokers. 
Mar 14, 2017
[Success Stories] Jong Yoon Nam (Business, ’08) & Juyong Baek (Business, ’08): “Find a Job That Fits Your Skills and Interests”
[Success Stories] Jong Yoon Nam (Business, ’08) & Juyoung Baek (Business, ’08) “Find a Job That Fits Your Skills and Interests” Jong Yoon Nam (Business, '08) 1. Before getting ready to find a job I have joined Samchully City Gas Business this year and am in charge of Policy and Systems at the Business Support Team. I have a double major in Business Administration and Sociology. I personally think the most helpful experience in finding a job was participating in a business academic society. I was able to develop my logical thinking through industry-academia seminars and projects and also had an internship opportunity. I have experienced my field of interest directly and indirectly.   2. The reasons I chose this company Due to the nature of the city gas business, the company is quite stable. I also heard the overall welfare of the company is favorable. Although my main task is planning, it is different from business planning and more related to law. My job is attractive because I can lead the company’s growth by changing something. In addition, I think our team is in charge of the most central tasks in the company. Among many projects at Samchully, the most important business is city gas, and “Business Support Team” is on the forefront of the city gas business. I strongly believe this experience will be a stepping stone for my growth journey. 3. Cover Letter (Personal Statement) When writing my cover letter, I received help from the people in the related field and made a habit of collecting the most up-to-date issues to understand the job. I wrote my cover letter multiple times and asked my friends and the Career Development Center to proofread it.   Juyong Baek (Business, '08) 1. Before getting ready to find a job  I work as a credit analyst in the Business Finance Department at BNP Paribas CIB, Seoul branch, the French largest bank. During my undergraduate, I joined the Value Investing Academic Society for 6 months and studied about the listed companies and industries in KOSPI. This has led me to participate in internships at Fitch Ratings, which is an international credit analysis institution, and BNP Paribas CIB. These internship opportunities helped me find my specific career path. I was able to overcome my shortcomings by taking practical advice from the business world. When applying for an international financial company, it is difficult for entry-level job seekers to have competitiveness as companies prefer experienced candidates. An internship is a good way to accumulate business knowledge and enhance competitiveness.   2. Describe your job duties I analyze financial statements of major firms and multinational groups located in Korea and assess the internal ratings and industry reports in order to assist companies to start business. 3. The reasons I chose this company I’ve always had an interest in Finance and Accounting during my undergraduate studies. I enjoyed analyzing companies and industries. With that being said, a credit analyst was an attractive job to me because they analyze different dangers of the company and assess appropriate ratings to help diverse stakeholders in making decisions. As BNP Paribas CIB is an international company and was selected as the world’s best bank, I had an expectation that the company can develop me through systematic systems and education.
Mar 14, 2017
[Global Internship Program Student Interview | CJ China] “I’ve Grown One Step Further by Learning Business and Culture in China”
Global Internship Program Student Interview | CJ China “I’ve grown one step further by learning business and culture in China” – Je Hoon Lee (Business, ’11)     I applied for the Summer 2016 Global Internship and worked as an intern for a month at the Business Development Team of CJ China, located in Beijing, China.   I have been interested in the KUBS Global Internship since 2015. From then on, I kept track of the program information, such as the application period, internship locations, available companies and positions. During the semester, I read the student stories on the KUBS website and seek advice from my friends who have already participated in the program. Even though the internship opened in summer when I had to dive into the job-search market, I wanted to get an internship overseas, particularly in China, to develop my global perspectives. I decided to apply for the intern position in the Business Development Team because I was greatly interested in business strategy since I joined “EGI,” which is a business strategy academic society at KUBS.   As CJ China is in charge of various CJ subsidiaries, I was able to receive job training in diverse fields of business. In fact, I had the chance to experience multiple tasks from researching Chinese markets to planning and developing new business items. I also got to communicate with the subsidiaries and local Chinese companies. In my team, there was the “Mentor-Mentee System” where interns can work on various projects. For example, I researched the effect of “THAAD Deployment to Korea” on CJ Group. Then, I collected the information on the Chinese market trends, which will be used for the company newsletter called “Biweekly.” I also got to work on the Joint Venture with Jingdong. Most co-workers can speak a little Korean, but all meetings were conducted in Chinese. So, it is important that interns should be fluent in Chinese in order to avoid miscommunication.   The working hours were from 8:20 a.m. to 5:30 p.m. After work, I traveled around various places in Beijing. During weekends, I visited historical sites in Beijing. If time allows, I recommend going to the suburban regions in Beijing. I once went to Gubei Water Town and Simatai Great Wall, which were 2 hours away from Beijing. The places left a deep impression on me.   The three major programs that help students develop global perspectives are (1) Student Exchange Program, (2) International Case Competition, (3) Global Internship. I was lucky enough to participate in both International Case Competition and Global Internship. The Global Internship was such a great opportunity for me to experience real-life tasks overseas. There are not many opportunities available where a student can research international markets in a different country and work with local employees. A domestic internship is a good experience too, but I believe the Global Internship is a great challenge to undertake. Lastly, I would like to thank KUBS, CJ China, and KUBS alumni who have supported us.   Je Hoon Lee (Business, ’11)
Mar 14, 2017