• Korea JoongAng Daily
    2018 University Rankings
  • KU Highest Pass Rate on the 53rd CPA Exam
    KU Highest Pass Rate on the 53rd CPA Exa
  • KUBS 2019 MBA Admission Open (By Oct 26)
    KUBS 2019 MBA Admission Open
  • KUBS Alumni, the Largest Ratio Among Korea’s Top 100 Company CEOs
    KUBS Alumni CEOs
  • Korea's Top MBA for the 6th Consecutive Years
    Korea's Top MBA for 6 Straight Years
2019 KUBS Part-time MBA Admissions Open
2019 KUBS Part-time MBA Admissions Open Korea University Graduate School of Business (Dean Soo Young Kwon) is now accepting applications for 2019 part-time MBA. Admission is open for 3 part-time programs: △Korea MBA △Finance MBA △Executive MBA. An online application is available from September 27 (Thu), and closes on 5pm, October 26 (Fri).    KUBS holds an information session for applicants on September 18 (Tue). Held from 7:30 pm, the information session will go through an overview of the Graduate School of Business and its programs. Participants will also be able to ask questions in the Q&A session. The information session will end with a campus tour.   ▶ Click here to apply for the information session!   KUBS’s widely renowned program, Korea MBA, is a part-time two-year program. The classes are held after working hours. The maximum number of students is 190 each year, who are admitted after a thorough screening process. Korea MBA at KUBS provides an intensive curriculum on eight academic areas: Human Resources/Organizational Behavior, International Business, Accounting, Marketing, LSOM, MIS, International Business, and Strategy. Korea MBA also offers a range of unique student networking events. (Inquiries: 02-3290-1360/5365)   KUBS’s executive MBA is designed for executive managers with a minimum of 10 years’ experience. Executive MBA is a two-year weekend program taught on Fridays and Saturdays. The program provides exclusive educational environment including lecture rooms and a student lounge that are exclusively accessible for executive MBA students. Two program director professors and a program manager will support students on the overall enrollment and registration procedure. KUBS’s executive MBA is one of the best executive MBA programs in the world. In fact, the program ranked 20th globally in “The 2017 Executive MBA Ranking” released by Financial Times. The maximum number of students is 55. (Inquiries: 02-3290-2705)   Finance MBA is a two-year part-time program which provides knowledge and skills specialized in finance. The curriculum can be divided as two parts, of which theoretical courses are taught by program directors, and practical courses are distinctively organized by experts in the field of asset management, financial engineering, and insurance. In addition, students will be able to learn most updated knowledge and skills by its information technology sessions on Python & R programming, and big data & machine learning. The maximum number of students is 35. (Inquiries: 02-3290-1308)   The final admission outcome of Korea MBA and Finance MBA will be released on 7th of December (Fri) at 3 pm. The admission result of executive MBA will be out on November 16th (Fri) at 11 am.    
Oct 26, 2018
268
NEWS
KUBS Futurum 2018 Asia Tri-Lateral Seminar
KUBS Futurum 2018 Asia Tri-Lateral Seminar KUBS Futurum Session 2 With Business Administration Scholars in Korea∙China∙Japan Academic exchange for resolutions that firms are facing   On September 11th (Tue), ‘KUBS Futurum 2018 Asia Tri-lateral Seminar’ was held at Hitotsubashi University in Tokyo, Japan. The seminar was co-hosted by three universities: Korea University Business School, Peking University HSBC Business School (PHBS), Hitotsubashi University Faculty of Commerce and Management.   (From left) KUBS Dean Soo Young Kwon, PHBS Dean Wen Hai, Hitotsubashi University Faculty of Commerce and Management Dean Toyohiko Hachiya   The Asia Tri-lateral Seminar is the second session of ‘KUBS Futurum’, which is held in the middle of every year. The topic of the seminar was ‘Korea, China, and Japan - Innovation and Management’. In the seminar, participants first attended presentations and had a discussion afterwards. The presentation session was run by three professors: Professor Cuifen Weng from PHBS, Professor Masaru Karube from Hitotsubashi University, and Professor Pyun, Ju Hyun from KUBS. Presentations were followed by an open discussion hosted by professor Insik Jeong from KUBS and professor Fanmin Kong from PHBS.   In his presentation, professor Weng focused on ‘China’s Innovation Challenge’ where he highlighted institutional factors of Chinese firms’ innovation based on empirical analysis. Professor Weng argued that “According to the empirical analysis, the government’s constraints placed on business increase the probability of a business adopting an innovative strategy. On the other hand, legal and financial constraints on business are prone to lower the probability.”   The second presentation by Professor Karube from Hitotsubashi University emphasized on ‘How audit companies deal with financial statement manipulation’ with an analysis of the Toshiba Accounting Scandal in 2015. Professor Karube explained that “specialized institutions have strict control over financial reporting for the quality assurance. Penalties may apply for the expert in charge in case of audit failures.” Professor Karube continued, “There are also few resolutions for intentional fraud or in case of a weak internal control. However, it is hard to exercise control to the periphery of the market or that of core organization.”   Professor Pyun, Ju Hyun from KUBS had the final presentation in the seminar where he focused on ‘Does a falling real exchange rate increases R&D investment?’ with examples of Korean firms’ internal data sources. Professor Pyun argued that “Fluctuations of exchange rates do have an impact on the level of firm’s R&D investment. However, the level of impact varies depending on firms’ internal factors.”   At the end of the seminar, KUBS Dean Soo Young Kwon commented that “The Asia Tri-lateral Seminar is an academic event that allows the three universities to exchange thoughts and discuss for resolutions that firms are facing. It is also an event that the three major universities in Asia take an academic initiative in academic advancement. Thank you for your cooperation and participation in the seminar, I look forward to upcoming events.”  
Sep 14, 2018
22
NEWS
KUBS, Top-Ranked Business School in ‘2018 University Rankings by Korea JoongAng Daily’
KUBS, Top-Ranked Business School in ‘2018 University Rankings by Korea JoongAng Daily’ In the ‘2018 University Rankings by Korea JoongAng Daily’, Korea University's business school (Dean Soo Young Kwon) topped the list with the highest score. The combined score of 14 indicators, including professors' research performance, learning environment, and student employment rates, was remarkably high. KUBS’s diverse support to faculty members’ research performance, the number of publications to international journals has been increasing. In fact, KUBS ranked the second highest in the amount of research funds per teaching staff, and ranked the third highest in the number of international publication per teaching staff which was 1.03 per teaching staff. Moreover, not to mention the alumni’s high employment rate, the rate of maintaining their employment status was also high. The statistics demonstrate employers’ preference towards KUBS alumni. On the other hand, another area that KUBS puts emphasis on is its startup institute. Established in September 2016, KUBS Startup Institute holds a startup competition every semester to select a new batch of startup teams. Admitted teams are provided their own offices as well as a variety of education sessions held throughout the year. The performance of the teams is outstanding as well. One of the third batch of the startup teams, ‘SOVS’ topped ranked No. 1 in app store paid applications and No. 1 in camera applications.   More Articles (in Korean)   [중앙일보] [2018 대학평가]남녀 취업률 분리해 반영, 저서·번역서 포함해 세부 평가 [중앙일보] [경영학]학생 스타트업 산실 고려대 … 글로벌 뱅커 키우는 이화여대 [중앙일보] [2018 대학평가]경희대 사회학과, 홍익대 국문학과 최상위
Sep 12, 2018
30
NEWS
KUBS Startup Teams D&I PARVIS & SOVS Attended ‘2018 TIPS SUMMIT’
KUBS Startup Teams D&I PARVIS & SOVS Attended ‘2018 TIPS SUMMIT’ Startup teams at Korea University Business School’s Startup Institute, ‘D&I PARVIS’ and ‘SOVS’ attended ‘2018 TIPS SUMMIT’ event to share their startup stories. Both teams are the 3rd KUBS Startup Teams who were admitted in September 2016 and graduated in June 2017.     First of all, D&I PARVIS is a big data and machine learning patent application business. CEO Sang-Joon Park started his business in 2017, after noticing that quite often people fail to develop their business ideas because of the complicated patent application procedure. Aiming at ‘the more advanced technology, the greater convenience to users’, D&I PARVIS pays attention to AI services that compare client’s ideas with existing technology. The service also identifies lack of material that is necessary for patent application procedure.     On the other hand, SOVS is a mobile application development business established by co-CEO Su Young So, Jo-Eun Park. In 2017, they develop a mobile application for occasions when you want to request others to take pictures for you. SOVS app allows you to hold on to your preferred angle and background even when you ask others to take a picture for you. SOVS application reached no.1 in the most popular paid application chart as well as in the most popular camera application chart.   See more articles (Korean)  
Sep 08, 2018
39
NEWS
Beginning of Semester Party for International Students
Beginning of Semester Party for International Students   KUBS held a ‘Beginning of Semester Party for International Students’ on September 6th at Ahn Young Il Hall, LG-POSCO Building. Organized by the KUBS International Office, the event was designed to support our overseas students’ life on campus, meeting and networking with students from diverse backgrounds. Associate Dean Jae-Nam Lee and Professor Tony Garrett attended the event to welcome 200 international students.   The event started with Professor Tony Garrett’s welcoming speech where he said, “At Korea University Business School, you will be able to experience the School’s structured curriculum. You will also study with outstanding students here at KUBS. Attend social events that we provide, I hope you make the most of campus life.”   Then continuing students shared their stories of life at KUBS. Sang-Dae Oh (Business ‘17) gave a speech where he said “I have Korean citizenship but I was born and raised in Japan. I know what it is like living overseas. And I can say it was not easy at first because of language and cultural difference. But Korean friends of mine helped me settling in here. I am sure you will be able to go through any possible hardship and anxiety because there is always someone out there who is willing to help you.”   The KUBS International Office offers programs including ‘KUBS Buddy’ and ‘KUBS Global’ to support overseas students’ life in general during their study in Korea.    
Sep 08, 2018
53
NEWS
Celebrating the 2nd Year of KUBS Startup Institute
Celebrating the 2nd Year of KUBS Startup Institute     Korea University Business School’s Startup Institute (Director Hicheon Kim) celebrated its second year since establishment. They held a celebrating event on September 5th (Wed) at ‘The Stage’, Startup Institute, KUBS Main Building.    A total of 36 KUBS faculty members attended the event to congratulate its second year. Director Hicheon Kim opened the event with his presentation on the Startup Institute’s △objective △structure △types of support △startup teams’ performance.    In particular, Director Kim highlighted the fact that “Entrance to the Startup Institute is not restricted to Korea University students. Students enrolled in universities other than KU may also be a part of the Institute.” “I am convinced that KUBS Startup Institute will form a network that consists of prospective entrepreneurs.” Director Kim also asked the faculty members that “if any of your students are interested in a startup business, please let them contact us.”   Professor Shijin Yoo, who is responsible for startup education programs at Seung Myung-Ho Center for Entrepreneurship Education, explained case studies of startup success: △Tal-ing △Hidden Track △D&I PARVIS△SOVS △B.SUNBI △Dreamary △Studio Link.   Professor Yoo added that “So far we had 17 startup teams who continue their business projects.” “Not all of the business ideas seemed viable at first. However, we witnessed them made it possible as they progress. So we would really appreciate if all of you who attended this event today could encourage and support students’ startup ideas.”   KUBS Startup Institute commenced on September 6, 2016, aiming at ‘A platform of entrepreneurship and innovation’. Prospective entrepreneurs from diverse backgrounds share their ideas and collaborate for their goals at Iljin Center for Startup Incubation and Seung Myung-Ho Center for Entrepreneurship Education. The Startup Institute conducts a range of lecture series, including ‘Lecture on Demand’, and they hold a demo day event ‘Choo Choo Day’ to encourage the teams’ social networking. KUBS Startup Institute opens ‘Startup Express’ as an open admission procedure to enter the institute. So far, KUBS Startup Institute had a total of 38 startup teams.   
Sep 07, 2018
27
NEWS
Interview with the 86th Advanced Management Program (AMP) Admitted Candidates
Interview with the 86th Advanced Management Program (AMP) Admitted Candidates   Every Monday, Korean-Japanese Young-Ho Kim and Woo-Ja Choi (AMP ‘86) fly to Korea from Japan to attend AMP classes at KUBS. KUBS News met them for an interview on their extraordinary passion for learning.   Q. Could you please introduce yourselves? Hello. I am Young-Ho Kim, and I am Woo-Ja Choi. We are the second generation of Korean immigrants in Japan. We were both born in Fukuoka, Japan. We are running a real estate and food business ‘ZONE Inc.’. Q. How did you make up your mind to apply for AMP at KUBS? (Young-Ho Kim) I took over my father's business straight after I graduated from high school. I was busy with my work and missed a chance to study properly. Deep down I have always wanted to study and it has been one thing I found regretful in my life. And one day, I met Chairman Sang-Young Choi who is the president of KU Alumni Association in Japan and also the winner of ‘Proud KU Alumnus Award’. He recommended me to apply for AMP in Korea. So I did some research and I was fascinated by AMP’s teaching staffs who have noticeable academic achievement in addition to the professional experience. I suggested my wife study with me, and that’s how we both applied for the program. We know that flying from Japan every week is of course not easy, but we will do our best until the end of the program. Q. Is there anything in particular that you would like to learn from the program? I look forward to building a network with business leaders in Korea, especially in the internationally renowned learning environment with cutting-edge technology. I also look forward to corporate management and tax planning, in particular. In addition, the time in Korea will improve our Korean skills too. The cultural experience is another thing that we look forward to, so basically, we would like to experience Korea while studying at AMP.   The first AMP program in Korea, Korea University's AMP was established in 1976. With its 43 years of history, AMP is widely recognized for its professors and strong alumni network consists of 4,500 experts from diverse industries.    
Sep 10, 2018
12
KUBS Alumni’s Unique Donation Culture
KUBS Alumni’s Unique Donation Culture The Story of Endless Donation Relay, the Love for KUBS South Korea became the world's 12th highest country of GNI (Gross National Income), however, the nation is the 62nd country for WGI (World Giving Index). Though it has been a while since Korea became one of the countries that is capable of providing financial aid to developing nations, there has been concerns that more attention needs to be paid to the donation culture in Korea. Nonetheless, Korea University, KUBS in particular continues its unique tradition of donation by its alumni. The continuous love for KUBS lives on. KUBS has been running its own scholarship program supported by the alumni, which demonstrates the unique culture and strong network at KUBS. As a result, current KUBS students now have a wider access to scholarship opportunities than ever before. Each time KUBS holds a special ceremony to appreciate the contribution. In addition, on each classroom at LG-POSCO Building as well as on every single chair in the classrooms, names of the donators are indicated to commemorate their contributions. Moreover, the Department of Development and External Affairs, the department in charge of the fundraising for the entire university, releases externally the name of donator and the amount of contribution through the media including KU News for the major donations.   The Story of Endless Donation Relay, the Love for KUBS   KUBS students now have a wider access to scholarship opportunities than ever before. For the recent 2 years as of fall semester 2016, approximately a total of 3.1 billion KRW has been donated to source KUBS scholarship. The total number of scholarship beneficiaries during the last two years were 1,063, inclusive of the duplicated recipients. 100 million won from Alumni Association at KPMG Samjung accounting firm (President=Seung Yeol Yang, Business ‘83) A total of 230 KU alumni accountants at KPMG Samjung accounting firm raised funds for KUBS. They pledged to contribute 20 million won every year for 5 years, 100-million-won total. The funds will source to support future accountants. President Seung Yeol, Yang mentioned “We wish the students to study in a better educational environment and grow up as accountants who lead the society. We hope we would be able to make contributions to support the School’s further improvements.” 100 million won from Mong Jin, Jeong(Business ‘79), Chairman of KCC KUBS Alumnus Mong Jin, Jeong, contributed 100 million won, which will be a source of KCC Scholarship. Mong-Jin, Chung, CEO of KCC continues his contribution to KUBS through the scholarship through the MnJ Foundation. 50 million won from Sun Yong Lee (Business ‘80), CEO of Asian Star., Inc. Sun Yong Lee, CEO of Asian Star., Inc., contributed 50 million won for the development of KUBS. He said that he was honored to return the favor that he had received. 50 million won from the KUBS Entering Class of 1986 Association In celebration of their 25th admission anniversary, the Entering Class of 1986 Association fundraised the scholarship worth 360 million won to KUBS since the 31st KUBS Alumni Night held in 2011. They also delivered 50 million won this year for the development of KUBS. 20 million won from Changsoo Heo(Business ‘67), CEO of GS Group Alumnus Changsoo Heo, CEO of GS group made a constant contribution to KUBS since 2005 through ‘Namchon Scholarship’, as requested by Jun Koo, Heo, honorary chairman of GS Engineering & Construction. The total amount of Namchon Scholarship since its commencement has reached 323 million won, with the additional donation of 20 million won in 2017. 50 million won from Ms. Hwayoung Lee, daughter of professor Sanghoon Lee Ms. Hwayoung Lee, daughter of the very first KUBS Dean Sang Hoon Lee contributed 50 million won to finance further improvement of KUBS. At the ceremony, Ms. Lee said “It feels like yesterday the day when I hung around with my father at KUBS main building. I have always wanted to do something meaningful when I look back, and I thought the donation would be a great start.” 70 million won from the vice president Deok-Hee Jo Vice President Deok-Hee Jo, the wife of KUBS alumnus Poong-eon Jo (Commerce 59), contributed 70 million won as a part of So-Am Scholarship. So-Am Scholarship was made by Poong-eon Jo during his lifetime to inspire the academic commitment of the students. After his death, his wife continues to follow his wish. With this donation, a total amount of contribution reached a billion won. 20 million won from Min Yoong, Yoon (Business ‘99), CEO of community ‘Soo Man Hui’ Min Woong Yoon, the CEO of the famous community for the college entrance examinees, Soo Man Hui and the CEO of a publisher, Tenball Story, contributed 20 million won to the Business School. He said that he also won scholarship twice while he was studying at KUBS after he was released from the military service. And he mentioned that he was grateful to return the scholarship that he had received – with the amount of interest as well. 50 million won from Byung Chae, Kim(Business ‘77), CEO of Poinix Byung Chae, Kim, CEO of Poinix donated 50 million won and said he always had wished to be a part the School’s improvement. Established in 2003, Poinix Inc. is a company specialized in pavement technology, with their best-selling product ‘RSBS modified Double Layer Porous Asphalt’ that has a remarkable soundproof capacity on traffic noise. 100 million one from Hong Mae, Kim, CEO of Dong Won Phoenix., Inc. CEO Hong Mae, Kim (MSP, the 76th) donated 100 million won to KUBS. He is the president of KUBS’s MBA Alumni Association and the vice president of Korea University Alumni Association. He said, “I have always wanted to do something that provides educational support for the future generations. And I hope more students would be able to focus on their goals through the financial support.” 50 million won from Yoon Dae, Euh (Business ‘63), Professor Emeritus ‘Euh Yoon Dae Friendship Scholarship’ will be used to finance the airfare for exchange students participating in the University of Michigan. Yoon Dae Euh, Professor Emeritus and the 15th President of KU since 2003, devoted himself to the project, Global KU, during his tenure. 50 million won from Yoon Dae, Euh (Business ‘63), Professor Emeritus ‘Euh Yoon Dae Friendship Scholarship’ will be used to finance the airfare for exchange students participating in the University of Michigan. Yoon Dae Euh, Professor Emeritus and the 15th President of KU since 2003, devoted himself to the project, Global KU, during his tenure.
Jul 06, 2018
268
[The 60th Anniversary of IBRE] Looking Back Through History of IBRE
[The 60th Anniversary of IBRE] Looking Back Through History of IBRE   Korea’s first university-affiliated research center, Institute for Business Research & Education’s (IBRE, Director=Professor Chan Su Park) 60th anniversary of the foundation has come. It has been a fundamental step to Korea University Business School’s development to one of the top note universities in the world. Looking back through the history of IBRE, there have been two major stages of the center’s development. For the first 40 years, IBRE focused on institute-oriented research projects, education projects, publication, and held academic events as ‘IBRE-oriented period’. Since the mid-90s, ‘center-oriented period’, IBRE has focused on establishing research centers classified by majors, following a drift towards subdivision of business administration.     ‘Business Research Focused Period’ IBRE commenced in 1958, 1st of June, it was an affiliated institution of the College of Commerce, Korea University. Within two years of its establishment, IBRE was grown to be a part of Korea University, and it performed a management efficiency assessment of ‘First City Bank of Korea’. IBRE first published ‘Korea University Business Journal’, which is the very first weekly business journal in Korea. In 1962, IBRE was in charge of cost accounting test on Cheil Industries Inc. and 2 other companies. It was the first cost accounting assessment performed by a university research institute in Korea.   In addition, IBRE contributed to the extension of the application of business administration to the Korean government and public sectors. One of the examples is ACMS (Army Command Management System) performed from 1961 to 1963, which is the adoption of business administration to the military forces. Another example is a research on government administration requested by the Government’s Administrative Reform Committee in 1965. In addition to that, the Ministry of Commerce and Industry commissioned IBRE to create management indicators for small and medium-sized enterprises and conduct the first domestic per unit production cost inquiry. Since the mid-1980s, IBRE held academic conferences with renowned universities overseas, which promoted academic exchange in Korea and further.   At the same time, IBRE affirmed its position as the first and best university-affiliated institute by the publication of a range of journals in addition to KU Business Journal. IBRE issued ‘Business Monthly Newsletter’, as well as ‘Price Level Monthly Newsletter’ and ‘Business Research’ in 1964. IBRE also issued other types of publications: △The Completed Works of Business Administration △The Completed Works of Accounting △The Collection of Business Administration △A Compendium of Business Administration △Dictionary of Business Administration △A Series of Business Administration. ‘IBRE Sub-center Focused Period’ With the establishment of a Center for Asian Business Research in 1995, IBRE opened up its new era of the center-oriented development. IBRE commenced a variety of research centers to promote the specialization of each division in business administration.   In addition, IBRE developed to a key institute of academic-industrial cooperation by the commencement of corporate training program. Designed for the success of a business’s goal and strategy, the corporate training program was first started ‘MBA Program at Samsung Electronics Co., Ltd.’ in 1999. In 2017, IBRE started △RM Prestige Program at Shinhan Bank △SK Win-win Growth MBA Program △Global Leadership Course at CJ Cheil Jedang Corporation △Hi-Business School Program at Hyundai Marine & Fire Insurance. On the other hand, IBRE continued its work on publication; from 2008 to 2013, IBRE issued an annual ‘Business Operation Way’ as a part of the collaboration with the Federation of Korean Industries.   The growth of IBRE is continuing, so as its attempts at new projects. In 2017, IBRE organized a research group – a smaller unit than the research center to best focus on the rapidly emerging areas of research. Examples include ‘Market-oriented Big Data and IoT Research Group’ and ‘Management Philosophy Research Group’ commenced in December 2017. IBRE aims to work on further establishments of research groups organized by the researchers’ areas of interest.   More Articles on the 60th Anniversary of IBRE The 60th Year Celebration Ceremony for Korea University IBRE The 60th Year Anniversary of IBRE - A Range of Special Events [Memoir] "Congratulations on the IBRE's 60th year anniversary" - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung [Interview] Professor Chan Su Park, the 31st Director of IBRE - “Opening Up a New Chapter of IBRE's history by the Commencement of Research Groups”
Jul 06, 2018
279
[The 60th Anniversary of IBRE] Memoirs of Professor Emeritus - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung
[The 60th Anniversary of IBRE] Memoirs of Professor Emeritus Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung   Cho Ik Soon, Professor emeritus / Former Director of IBRE (7th, 8th, 14th) It is such an honor to be a part of the 60th-anniversary celebration of the establishment of IBRE (Institute for Business Research & Education). On this congratulatory remark, I would like to highlight the context of the establishment of IBRE, which was in fact quite demanding at the period of time. I do not think there is anyone who probably knows.   After the Pacific War, there have been movements in rationalizing the existence of Japanese enterprises operated in the U.S. In particular, the United States Operations Mission (USOM) asked Professor Yoon, Byeong Ook, who has just returned from Germany after his study, for theoretical justification of the operation of Japanese enterprises. The USOM paid attention to the ways in which the management of Korea’s Armed Forces had been justified after the Korean War. The USOM also focused on how Professor Yoon was in charge of business justification seminar that was requested by employees at enterprises from the enemy country. So these were the context of the establishment of the very first business research institute from the best and largest university in Korea.   In the beginning, IBRE’s main tasks were to conduct a business assessment, market research, business justification seminar, cost accounting as well as a range of publication in business administration. IBRE was indeed a pioneer in this respect as well. Since the institute carried out quite a lot of projects, researchers at the Business School worked together with professors to complete the tasks.   The performance of IBRE was successful in every task, which demonstrates its position as the best university-affiliated research institute in Korea. I will point out few of the key achievements of the institute.   First of all, a large number of the researchers at IBRE were appointed as professors at the College of Commerce in the early stage of the adaption of the modern tertiary education system in South Korea. More specifically, the number of confirmed researchers at IBRE who were later appointed as professors is 41; there are 20 more whom I need the confirmation.   The second thing I should point out is cost accounting. In fact, one of the researchers at IBRE, Mr. Oh-Gil Choi, became a founder of a business. It is obvious that projects he was working on at the research institute, such as cost accounting projects for pricing a product in an automobile business and business analysis allowed him to be familiar with the overall operation of the automobile business. The projects on cost accounting provided a strong foundation for running his own business later on. Furthermore, I should also point out the achievement of the IBRE is the inspection of the state-owned enterprise in January 1970. There is a news report of the content of the inspection on January 19, 1970. Ik Soon Cho is appointed as the chairman of the Audit Committee of the Government's management enterprises, Sangman Lee, a professor at Seoul National University, as the first Lead Manager, and Yoonkyung Shin as the second lead manager. Work is divided up by National Tax Service (Investment and Construction Management), Productivity Center (Production Management, Sales) Industrial Management Research Center at Chungang University (analysis of business plans and results), IBRE at Korea University (cost management, financial accounting, management), Industrial Management Research Center at Yonsei University (human resources, organization and administrative affairs management). Professor Youngyun Yoon and professor Jangchun Ha from Korea University handled auditing practices and integration of audit reports for each field. I was in charge of the comprehensive report. This triggered IBRE to evaluate the annual business results of the government investment institution, and based on the results, was responsible for the government's decision on the year-end bonus payment rate. The last thing to mention is the computerization of financial data of listed companies and the research on the creation of databases contributed to the stock market’s development. Professor Sang Koo Nam was the chief of the research. These are only just a few key achievements of what IBRE has accomplished since its establishment; much more has been done, the institute has made the constant contribution to South Korea’s economic development. I am sure IBRE will continue its position in the future: the very first and the largest, No.1 business research institute in Korea.   Professor Emeritus Jee, Chung / Chairman of the Board of Social Science Academy, Former director of IBRE (15th) First of all, I sincerely celebrate the 60th anniversary of IBRE. IBRE was founded on June 1, 1958, the year when I entered Korea University. The special bond between IBRE and me has started in August 1962 when I completed the military service. Professor Hyo Rok Kim and professor Byeong Ook Yoon, deputy director, advised me to temporarily work for the public relations department. I was responsible for a wide range of publications during my term at IBRE, such as 6 volumes of ‘The Complete Collection of Business Administration’, 6 volumes of ‘The Complete Collection of Accounting’, ‘A Compendium of Business Administration’, as well as editing of ‘Monthly Research Journal of Business Administration’. I was also in charge of the request of the manuscript and 4 times of correction.   Later on, I served as the head of the department of newspaper publication for ‘Korea University Business Journal’ with Changgyu Hwang, assistant administrator (later professor at Sookmyung Women’s University and Dongguk University). After the start of my postgraduate degree, I was able to work as an official researcher of IBRE and appointed to the manager of the general affairs department. After my study in the United States, I became a full-time professor at Korea University, as well as the advisory committee members, member of the board of directors. Later I was appointed as the director of IBRE in 1987. Since I remained as a counselor of IBRE until the retirement even after the term. So basically, I worked for IBRE eight to nine years longer than I worked as a full-time professor at KUBS. Led by the late professor Yoon, Byeong Ook, IBRE was the core institution of the Korea University Business School. At the time of the establishment, there was no specialized research institute in Korea. Therefore, each and every external activity carried out at IBRE were "Korea's first". In addition to the Korea's first business assessment, cost accounting, industry census on mining and manufacturing, management indicators of small and medium-sized enterprises, etc., as well as the command and control system handbook and Korean Army's command and control system manual and administrative reform of the government were also one of the IBRE’s tasks.   Not many know the fact that all these plans were approved and established by the government. Another remarkable thing to note is that establishment of ‘Korea Institute of Science and Technology Information’ as an independent institution was led by the late professor Yoon, Byeong Ook. ‘Korea Institute of Science and Technology Information’ is founded with an ambition to set up a research institution that is comparable with KIST. While I was serving the term as a director of IBRE, I was working on the research assistance of professors and founding commemoration projects, celebrating the 30th anniversary. In commemoration of the 30th anniversary of the foundation May 1988, 43 distinguished scholars in Korea and overseas participated in the international symposium, holding enthusiastic discussions and presentations. Professors at the University of Southern California (USC) IBEAR, as well as professors from Seoul National University and Korea University participated in the symposium. In the following year, 27 domestic and overseas professors participated in an international conference held in USC. The last thing I would like to talk about is the international conference IBRE held in collaboration with the ‘Economic Growth Center" and ‘East-Rock Institute’ at Yale University in November 1988. Professor at Yale University, Seoul National University, and Sogang University, and the author participated in the event. Since the above three international conferences were the largest international conferences held at IBRE, it is worth to keep it recorded.   Congratulations again for the IBRE’s 60th anniversary, all my best wishes to further achievements of IBRE.   More Articles on the 60th Anniversary of IBRE The 60th Year Celebration Ceremony for Korea University IBRE The 60th Year Anniversary of IBRE - A Range of Special Events [Memoir] "Congratulations on the IBRE's 60th year anniversary" - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung [Interview] Professor Chan Su Park, the 31st Director of IBRE - “Opening Up a New Chapter of IBRE's history by the Commencement of Research Groups"  
Jul 05, 2018
196
[Internship Abroad | Overseas Korean Trades Association] "Gain Broader Perspective on Diverse Industries as Well as on My Career Path”
[Internship Abroad | Overseas Korean Trades Association] "Gain Broader Perspective on Diverse Industries as Well as on My Career Path”     Q. What were your job descriptions? I had an international internship from Overseas Korean Trades Association (OKTA) in Los Angeles in 2018 winter. Basically I was responsible for basic assistant works such as preparing the association’s events, publishing relevant documents and brochure, membership list management, etc. Everyone at the Association, including the president and the secretary-general, was very nice and supportive, which was a big relief during the internship.   Q. What was the most memorable event? I would say a visit to the International Consumer Electronics Show 2018 held in Las Vegas was the most impressive event than anything else. I was able to see the current technology trends and experience various new products from many companies around the world during the two days. Samsung Electronics, LG, and other domestic companies participated in the exhibition on a large scale were also impressive. I guarantee that if you are looking for a job in the industry, you should not miss the events like CES 2018.   However, because CES is held only in Winters, students participating in Summer internships will not be able to attend the event. Instead, you might want to participate in OKTA LA’s ‘Next Generation Trade School’ which is held in every summer. The ‘Next Generation Trade School’ will be a great opportunity to work on business projects, prepare for presentations so that the participants will learn from the experts in the field.   Q. How was life in LA? Winter in LA is warm. It was a bit chilly in the early morning and evening, but during the day it is quite sunny and hot that you want to put on summer outfits. If you plan to visit LA in winter, like me, you might want to bring outfits that you wear in summer or early fall in Korea. However, do bring jumpers that you can wear in the morning and nights. The sun was quite strong as well, do not forget to bring sunblock, sunglasses and a hat.   The executive office provides a part of the expenses spent on lunch, unlike the accommodation, which is not supposed to be provided to us. However, the chairman arranged the residence for us so thankfully, all three of us were able to stay there. It was around 30 minutes’ distance by walk from the office. I took buses or Uber only when I am running out of time.   On the other hand, there were also things that I did not like, too: overall price levels and public transport. The general price is much higher in the United States than in South Korea, and the public transport in South Korea is way more convenient than in the U.S. Since buses or subways are running few and far between, I did not use them as much. Also it is not a good idea to take the public transport in the night for the sake of your safety. Take Uber or rent a car if you plan to travel to the U.S.   Q. Could you give us any other thoughts on your internship experience? Despite such a short period of time, I was able to learn a lot during my internship at OKTA. It was such a great chance to work with the experts from diverse areas and broaden my knowledge and skills. CES was also a highly rewarding event to attend, where I was able to study current technological developments that I was not even aware of earlier. Overall, it was such an inspirational and life-changing two months in my life, which I gained a broader perspective on diverse industries as well as on my career path. I strongly recommend an overseas internship program; you will be able to achieve so many valuable lessons from it.   Young-Min Lee (Business’13)
Jul 05, 2018
489
[International Student Exchange] A Memorable Time Spent in China
[International Student Exchange] A Memorable Time Spent in China   I spent a semester at Ghanghua School of Management, Peking University, China, during the Fall semester, 2017. Ghanghua School of Management is one of the schools where top students in China are admitted, and I was able to experience that myself – they have strong academic commitment. Ghanghua School of Management offers separate classes for exchange students. Each course consists of 8, 12, and 16 weeks’ programs, and so you can earn credit hours depending on the duration of the course. Most classes open for exchange students are taught in English. In fact, I did not have much chance to meet with the local students at the university. I joined one of the university’s societies so that I can socialize with local students. The main task we did at the society was to meet up for a rehearse every week, and that’s when I made quite a lot of local friends. I also attended ‘language-exchange buddy’ program, where I was able to improve my Chinese and English with my language buddy. Life in China was way more convenient than I thought it would be. You can make payments with your mobile phone, and the bike share system was very accessible anywhere in the city. Overall price is much lower than South Korea and the delivery service was very useful, too. I won’t forget the times I had during my exchange semester in China. I think exchange programs are such a great chance that you can only access during your degree, that allows you to have a valuable experience overseas.   Yeonju Lee (Business’15)  
Jul 05, 2018
364