• KU MBA is No. 1 for 5 Consecutive Years
    KU MBA is No. 1 for 5 Consecutive Years
  • Advanced Management Program (AMP) 84th Admissions (Fall 2017)
    AMP 84th Admissions (Fall 2017)
  • KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey”
    No. 1 in “2017 AMP Preference Survey”

    Korea University Business School's Advanced Management Program (AMP) topped in the "2017 AMP Preference Survey" among private universities. 

    The KUBS AMP received excellent evaluations in the business and economics assessment and is ranked second overall among private universities followed by △Yonsei University (3rd) and △KAIST (4th). The ranking is two spots higher than the previous assessment. The newly revised curriculum and innovative participant composition have positively affected the results. “The KUBS AMP—featuring the powerful alumni network—consolidated its reputation through curriculum innovation,” the university officials said. 
  • KUBS Signed International Partnership Agreement with Washington University in St. Louis
    KUBS Signed Agreement with Olin
  • Korea University Selected for “Leaders in INdustry-university Cooperation (LINC+)”
    KU Selected for LINC+
KUBS Hosts “KUBS Futurum – Asia Tri-lateral” Seminar
KUBS Hosts “KUBS Futurum – Asia Tri-lateral” Seminar   On August 17 (Thu), Korea University Business School (KUBS) will host the Asia Tri-lateral Seminar. The Asia Tri-lateral Seminar, the second session of the “KUBS Futurum,” is an academic seminar held annually in August. The session is jointly run by Peking University Shenzhen in China and Hitotsubashi University in Japan. This year’s first-ever seminar will be hosted by KUBS.     The theme of the seminar is “Corporate Strategies in China, Japan, and Korea in the New Normal Era.” As the world is entering a fourth industrial revolution while slipping into a period of sustained low economic growth and uncertainty, the participating universities will gather to analyze how companies in the three countries are overcoming barriers.   The seminar is meaningful in that China and Japan, which are deeply tied to Korea economically, share strategies for a future society. Specifically, the ultimate goal is to deliberate upcoming issues that may impact the world economy and companies and to offer insights from the point-of-view of business scholars from Korea, China, and Japan.     “The world is mired in a low-growth slump, and it is difficult to predict how our future society will evolve due to the interest rate increase, currency fluctuations, and rapid development in ICT,” said KUBS Dean Soo Young Kwon who will be hosting the seminar. “The seminar will be jointly steered by the best universities in Korea, China, and Japan along with distinguished scholars across the world. Your interest and participation are greatly appreciated.”   In the meantime, the KUBS Futurum, which means future in Latin and is a compound word made up of “Future” and “Forum,” consists of △Lecture Series, △Asia Tri-lateral Seminar, and △Business and Economic Outlook.
Jul 26, 2017
KUBS Signed International Partnership Agreement with Washington University in St. Louis
KUBS Signed International Partnership Agreement with Washington University in St. Louis   On June 16 (Fri), Korea University Business School (KUBS Dean=Professor Soo Young Kwon) signed an international partnership agreement with Olin Business School at Washington University in St. Louis (Olin), situated in Missouri, United States.   Marking the 60th anniversary of the “Washington University Project,” which contributed to the development of Korean business studies in the past, the agreement was signed again for the first time in 60 years. △Olin Dean Mark Taylor, △Chief of Staff Jessica R. Martin, △KUBS Dean Soo Young Kwon, △Professor Emeritus Dong Ki Kim, △Professor Emeritus Yoon-dae Euh, △Professor Emeritus Joon Bum Lee, △Professor Emeritus Ik-soon Cho, and △Professor Emeritus of Yonsei University Ki Young Kim attended the occasion.   The scope of the partnership includes academic exchanges such as △Student Exchange Program and △Joint Research Projects and Seminars. Each school can send up to ten students per year to study abroad at the other school. Exchange students can stay one semester and may request to stay up to one year.   “I have no doubt that both schools will actively interact and strengthen partnership through this agreement,” Dean Kwon said. “Just as Korean business education developed tremendously thanks to the Washington University Project 60 years ago, I hope we will be able to develop something new through these academic exchanges.”   ▲ Olin Business School   Washington University in St. Louis (WUSTL) established a business school in 1917. The business school was named in honor of John M. Olin and in recognition of a gift from the John M. Olin Foundation. Olin has a total of 135 full-time faculty members and is ranked 22nd in the UTD Top 100 Business School Research Rankings, an indicator that evaluates faculty research performance.     Meanwhile, WUSTL contracted the “Washington University Project” to cooperate with Korea University and Yonsei University to develop business education. This contract was in line with the technical assistance program by the International Cooperation of Administration (ICA) in 1957. Accordingly, more than 10 WUSTL faculty members were sent in Korea and made a contribution to the progress of the Korean business schools. Any inquiries on the Student Exchange Program can be directed to KUBS International Office (kubsintl@korea.ac.kr).   View Related Articles  현대 경영학 도입의 60년 역사, ‘워싱턴대 프로젝트’ 60년이 흘러도 생생한 워싱턴대에서의 생활 - 유세환, 이준범, 조익순 명예교수 인터뷰
Jun 20, 2017
“KUBS Futurum,” Future Vision Proposed by KUBS
“KUBS Futurum,” Future Vision Proposed by KUBS   Korea University Business School (KUBS) has launched “KUBS Futurum,” an annual forum on the topic of the future. The KUBS Futurum, which means future in Latin and is a compound word made up of “Future” and “Forum,” consists of △Lecture Series, △Asia Tri-lateral Seminar, and △Business and Economic Outlook.   The KUBS Futurum aims to discover, ponder, and offer insights into the future issues that Korean society and economy will confront. 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 since 2015.     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 a future society and to discuss about the outcomes of those changes.    The Asia Trilateral Seminar is held every August in conjunction with Peking University in China and Hitotsubashi University in Japan. The purpose of the session is to share strategies for the fourth industrial revolution with China and Japan, which are deeply tied to Korea economically. This year’s seminar is titled “Corporate Strategies in China, Japan, and Korea in the New Normal Era.”   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. Hence, 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 elevates uncertainty for the future, and to find directions for humanity to steer,” KUBS Dean Soo Young Kwon said. “I hope you will be able to learn how companies facing Intelligence Society will transform and also 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.” Any inquiries regarding the event can be directed to the KUBS Futurum Office at 02-3290-1306.   Related Article “All Robots Fall Down; Do Not Fear Failure and Keep Challenging Yourself” – Special Lecture by Dr. Dennis Hong
Jun 19, 2017
“The Washington University Project,” A 60-year History of the Introduction of Modern Business Administration
“The Washington University Project,” A 60-year History of the Introduction of Modern Business Administration Korea University and Washington University in St. Louis…The 60-year anniversary of the business education technical assistance agreement   Korea University (KU) and Washington University in St. Louis (WUSTL) celebrated 60 years of their partnership. The beginning of the “Washington University Project” dates back to 1957. After the signing of the armistice agreement, the United States proposed a measure to provide technical education assistance focused on private universities including KU (then-President Jin-Oh Yoo) and Yonsei University (then-President Nak Jun Baek). In 1955, as the technical assistance for business education was being reviewed in earnest, the foundation for the “Washing University Project” was established.    Five WUSTL professors arrive in Korea in 1958. From left to right: Merle T. Welshans, Charles L. Lapp, Powell Niland, Sterling H. Schoen, L. J. Buchan (Photo provided by WUSTL)    The objective of diplomatic relations between the two universities was “the introduction of modern business administration.” Korea, at the time, was in desperate need of reconstructing its economy through business education as it had been destroyed by the Korean War. Ross M. Trump, then dean of WUSTL’s business school, visited KU on November 17, 1957. The purpose of his visit was to examine Korea’s business management level and to see whether Korea was able to incorporate modern business administration. In December that year, Dean Trump signed a contract between the U.S. Department of State and the two Korean universities in order to assist business education. Finally, in February of 1958, the Washington University Project was launched.   From 1958 to 1946, professors from the Washing University’s Olin Business School (Olin) were sent to Seoul. They were responsible for △counselling educators, △demonstrating new education styles, △creating curriculum, and △building a business library.   Several professors from Korea University’s College of Commerce were also sent to WUSTL. △Soon-Shik Kim, △Haeng-Kwon Kim, △Hyo-Rok Kim, △Chang-Hwan Sung, △Se-Hwan Yoo, △Byung-Wook Yoon, △Joon-Beom Lee, △Soo-Young Jeong, △Ku-Yeon Cho, and △Ik-Soon Cho (in the order of the Korean alphabet) took part in business classes and received MBA or doctorate degrees at WUSTL.   “This project was one of the most honorable achievements in Olin’s history,” said Professor Bob Virgil, who was in charge of operating the program at the time. “In fact, it was the most significant achievements in all of WUSTL’s history.” The visit to WUSTL by KU professors was effective as it led to a reorganization of curriculum, the establishment of an evening graduate school program, and the publication of a business newspaper. KU played a vital role in providing business administration education to universities in Korea by developing courses, improving teaching methods, and publishing business administration teaching resources. Although the College of Commerce was already four years ahead of Yonsei University in setting up a department of business administration in April 1955 and recruiting new students to provide business education, the education content and environment gap between the two universities grew even further due to the introduction of the Washington University Project.   In particular, the establishment of the Institute for Business Research and Education (IBRE) and the Graduate School of Business Administration is evaluated as having played a critical role in providing business theories and practical education to industries in Korea. Faculty of the College of Commerce took part in IBRE and gave consultations to government agencies, public enterprises, and private companies. WUSTL has also sent exchange professors to provide education aid to IBRE. The Graduate School of Business Administration, which educates middle-level executives, brought direct transformation to university-level business education content.   Related Article 60년이 흘러도 생생한 워싱턴대에서의 생활 - 유세환, 이준범, 조익순 명예교수 인터뷰
Jun 19, 2017
KU Ranks No. 1 in “MBA Evaluation by HR Managers from the Top 200 Companies” for 5 Consecutive Years
KU Ranks No. 1 in "MBA Evaluation by HR Managers from the Top 200 Companies" for 5 Consecutive Years   It comes as no surprise. Once again, Korea University topped “The MBA Evaluation by HR Managers from the 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 this survey. The evaluation is served as an indicator of what the status quo of MBA programs 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 use their friendly and altruistic mind to communicate with team members 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 experience 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 cooperate closely with local industries and communities to cultivate excellent manpower, create jobs, and support innovation in small and medium-sized companies. 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 Teen Mentoring Day” Led Me to Dream of Entering KUBS” – Interview with Minsuk Kim and Geon Choi (Business, ’17)
Interview with Minsuk Kim and Geon Choi (Business, ’17) “‘The KUBS Teen Mentoring Day’ Led Me to Dream of Entering KUBS”   Of those who participated in “The 1st KUBS Teen Mentoring Day” in 2015, four mentees became the Entering Class of 2017 at Korea University Business School (KUBS). <KU Business Journal> met Minsuk Kim (right) and Geon Choi (left) to hear their stories.     Q. What made you apply for “The 1st KUBS Teen Mentoring Day?” Minsuk: My high school teacher saw the notice about the KUBS Teen Mentoring Day and recommended it to me since I had shown interest in Business Administration. I also thought it would be a good experience and decided to participate in the event. Geon: I had been interested in Korea University and used to collect various information through its website. Since there were many applicants, I was worried about not being able to participate, but thankfully I was able to join as a mentee.   Q. What did you gain through the KUBS Teen Mentoring Day? Minsuk: The New Product Development and Investment Program and Business Negotiation Training Program held during the Mentoring Day were most memorable. Through such activities, I became more attracted to the field of Business Administration. Moreover, the various and exceptional programs offered by KUBS and the high percentage of students receiving scholarships — which I heard from the student ambassadors — were very appealing. As a result, I became more certain of my goal to attend KUBS after participating in the Mentoring Day. Geon: The Business Negotiation Training Program had the largest impression on me as well. Each one of us had to play the role of a department head, debate, and draw a conclusion in one hour. That process was very new to me. I was able to think deeply about my designated role and learn more what Business Administration really is through the process of communicating between different departments. My experience that day was a big motivation when writing my college essay and helped me a lot in understanding Business Administration.   Q. After entering KUBS, what was the most enjoyable memory of your college life during the past month? Minsuk: I enjoyed hanging out with my college friends the most. I feel like a day goes by so fast when I take the same classes and hang around with them. Of all the school events, the cheering orientation was especially unforgettable because we got to learn the school’s fight songs while rooting for the school with arms around each other’s shoulders. Also, the joint cheering orientation was wonderful as it let us socialize and get together with students from Yonsei University. Geon: For me, wearing my high school uniform and having Joong-jja (eating Black Bean Sauce Noodles on the Central Square’s grass) with my friends on April Fools’ Day were most memorable. Also, when we first got our school jackets, my friends and I were really happy and said “we are now officially Korea University students.” Although I was a bit shy at the cheering orientation but it was fun. I am especially attached to Korea University’s cheering culture since it was the first of its kind that I came across in high school.   Q. Do you have any words to prospective KUBS students preparing for college application? Minsuk: KUBS is a place where students can do and enjoy lots of things. Prospective KUBS students, effort will never betray you! You might feel exhausted and stressed out now, but if you continue to do your best, you will experience a wonderful college life at KUBS. I look forward to the day we meet. Geon: When I bought books during my last year of high school, I wrote “KUBS” on the cover page and then studied. So, I made people think of “Geon Choi” when they talk about “Korea University.” I was able to enter KUBS because I believed in myself and was confident that I could do it.
Jun 15, 2017
“KUBS Has World-class Research Environment…Domestic MS/PhD Students Have Their Own Competitiveness” – Interview with Hye-hyun Park (PhD in Finance, ’17), Yunxiao Liu (PhD in Finance, ’16), and Minsun Yeu (PhD in Marketing, ‘15)
Interview Alumni Appointed Faculty of Chinese Universities - Hye-hyun Park (PhD in Finance, ’17), Liu Yunxiao (PhD in Finance, ’16), and Minsun Yeu (PhD in Marketing, ‘15) “KUBS Has World-class Research Environment…Domestic MS/PhD Students Have Their Own Competitiveness” The alumni who earned a doctorate from Korea University Business School (KUBS) came into spotlight as they were appointed faculty of leading universities in China. The two PhD graduates of Finance, Dr. Hye-hyun Park (advisor=Professor Baeho Kim) and Dr. Liu Yunxia (advisor=Professor Joonhyuk Kim), have been appointed faculty of Southwestern University of Finance and Economics and Tianjin University, respectively. In Marketing, Dr. Minsun Yeu (advisor=Professor Doo Hee Lee) was appointed faculty of Harbin Institute of Technology and will teach starting March. <KU Business Journal> met the three alumni who are about to begin their new journey at Chinese universities to hear their appointment stories. Q. Why did you decide to go to graduate school? Hye-hyun: I was recommended by my professor. Another reason that I decided to go to graduate school is because I thought academia is the right path for me. Even though I majored in Finance, I have a weak background in mathematics, so I got lots of help from professors. Minsun: I just dreamed of going to graduate school in the past. Because I enjoyed studying regardless of my grades, I wanted to continue my study at graduate school. I remember the days I studied hard at school when my friends prepared to get a job and do an internship. Yunxiao: I came to Korea through a student exchange program during my undergraduate studies. While studying abroad, I received an advice from my professor and then enrolled in a Master’s program in Business Administration at another university. After graduation, I became interested in finance and decided to change my major and enter a doctoral program at Korea University.   Q. Are you not worried about living abroad? Minsun: It’s unfortunate that I’m unable to teach Korean students since I have been appointed at a foreign university. I’m still considering how to overcome cultural differences and build a rapport with students. Also, the language barrier is another concern of mine. As English is not a native language to both chinese students and me, it’s important to overcome this obstacle.  Hye-hyun: I’ve only visited China to travel. So, I’m worried that I am not fluent in Chinese and have a lack of understanding of its culture. I will have to do my best to learn more about Chinese culture and language. Yunxiao: In my case, I did my graduate studies in a foreign country. As a foreigner, I didn’t have much difficulties studying in Korea. I got a lot of help from excellent professors, and my life in Korea was very comfortable. Also, as I was financially supported, I was able to fully concentrate on my research.   Q. What has given you the positive influence on your appointment? Hye-hyun: During the job interview, the interviewers mentioned that many of my research papers were awarded. It seems they recognized my field of research the most. In particular, the paper that was in the semi-final of the American Financial Society (FMA) Best Award received a good evaluation. Minsun: In my case, my experience of teaching lectures in English helped me. Besides the SSCI-listed journals published during my doctoral program, I have other papers written in English. The interviewers gave feedback that they were intrigued by my English papers. In addition, since I majored in Chinese in my high school, I was already interested in China, and my willingness to learn the language has positively influenced their decision. Yunxiao: The paper that was submitted in the Management Science received a good evaluation. I knew that Tianjin University gives high marks for publishing papers in an academic journal. I was able to be appointed at the school because my working paper written during my doctoral studies got positive reviews. Also, I was informed that China puts emphasis on research potential. I made a lot of effort to prepare for the presentation on my papers before the interview, and this was critical for my employment results as well.   Q. Many students think that doctoral studies should be done in a foreign country. What are the benefits of studying MS and PhD programs in Korea? Hye-hyun: I am sure your English will be improved a lot if you study at an overseas university. However, I believe the benefits of domestic MS and PhD programs are clear. For instance, when you write a paper, you can get more in-depth feedback through active communication with your professors. Also, having many professors with outstanding research capacities, KUBS is comparable with other prestigious universities around the world. Minsun: I agree. The KUBS faculty has exceptional research capacities. In terms of worldwide rankings, their research performance and student quality are above standards, so I was able to study well without any difficulty. Also, as my advisor studied abroad, I had the opportunity to work with international scholars through his network. In this regard, there is not much difference whether you study abroad or not. In fact, I think it is better to study in Korea where you can build a Korean network. Yunxiao: I believe the environment is the most important matter when conducting a research. KUBS not only supports financially but also academically. Under the faculty with excellent research capacities and the caring atmosphere for students, I was able to learn more about research. Q. Any words of advice for students dreaming of going to graduate school? Hye-hyun: Ask yourself whether academia is the right path for you. Since you have to study alone for a long time, it is important to have a hardworking attitude without giving up. Research and studying are a long journey, so those who can enjoy the process can make it to the end. Minsun: Although doing well in school is important, I want you to think whether you enjoy studying. If you do, then I encourage you to go to graduate school. In my case, I enjoyed the process of collecting survey data, analyzing, and writing a paper about it. In addition, if you are thinking about becoming a professor, consider what teaching really is and see if sharing knowledge with students and learning together are not stressful to you. Yunxiao: You need time to seriously think about yourself. If you know what you’d like to study and major in, you are ready to apply for graduate school. Since the decision you make will lead you to a golden time of life, you will have to figure out whether you enjoy doing a research. Most of your routine will be repetitive such as reading papers, coming up with ideas, and using codes. If you say a “yes” to the life of a graduate student, then I believe the best environment to start your study is at KUBS. After you are admitted to the school, I recommend you read various papers that are related to the field of your study and understand your research status. Then, when you are ready to decide your research area, you should be able to conduct your own research.
May 16, 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