[GMBA Career Story] “G-MBA Program’s Wealth of Practical Knowledge Has Been a Great Asset for Me” (Sang-Bae Lee, GMBA 12TH)
[GMBA Career Story] “G-MBA Program’s Wealth of Practical Knowledge Has Been a Great Asset for Me” (Sang-Bae Lee, GMBA 12TH) Sang-Bae Lee, G-MBA 12th, PwC Korea 1. Please introduce yourself. Hello, I am Sang-Bae Lee, who have graduated from Global MBA (G-MBA) program at Korea University in August 2018. I spent a year as a member of the student council during the program. I am currently working in the M&A Advisory department at Samil PwC Korea. 2. What did you do before you got into MBA program? I went to Canada in the first year of junior high school and graduated from high school and university in the United States. At Boston University, I majored in International Relations and minored in Business Administration. During my studies at Boston University, I got involved with many clubs, organizations, and activities and even founded the first Korean Start-up club called (B.U.K.E). Before returning to school after discharge from the army, I participated in a consulting project for small businesses overseas expansion and learned in strategy consulting. Also, I gained smart building related knowledge and experience while working at a company in which the graduate school classmate started. 3. Why did you choose Global MBA at Korea University? Since my major is international relations and minor is business administration, I thought to myself that I relatively lacked business related knowledge than business majors. My interest in domestic business consulting and start-up business led me to go to MBA in order to deepen my practical knowledge of business management. Furthermore, one of the reasons I chose the G-MBA is the English language curriculum which is familiar to me. I think it is a great advantage for me to be able to cultivate global capabilities by interacting with foreign friends with various background due to the nature of CEMS program. 4. Please tell us the curriculum of the Global MBA that contributes the best to your current career The M&A Advisory department where I am currently working offers strategic financial advisory services for clients for both domestic and international mergers and acquisitions. The impact of the corporate strategy class taught by professor Jungbien Moon was significant in applying for M&A advisory, which is a little different from the strategy consulting I had experienced in the past. The impact of the Corporate Strategy class led by Professor Jungbien Moon was significant in supporting M & A advisory, which is a little different from the strategy consulting I had experienced in the past. Previously, I did not know much about M&A. However, I learned a lot about it while analyzing various management cases in class and carrying out various team projects. As a result, I became more interested in M&A consulting and I applied for Samil PwC Korea. Since I did have a relatively lack of knowledge about accounting and finance, accounting class from Professor Yong Keun Yoo and Professor Seung-Weon Yoo and finance class from Professor Chung, Ji-Woong were very helpful. The courses related to IT industry taught by Professor Se-Joon Hong and Professor Dongwon Lee, was also fascinating to me because I was interested in IT industry. I think that G-MBA classes that cover a wide range of fields have helped me to lead me where I am and who I am now. 5. What is the most helpful coaching you did get from Career Hub? As a previous member of the student council who was responsible for the communication between Career Hub and G-MBA students, the Career Hub was a big part of my graduate school life. Getting counseling from Career Hub allowed me to gain more information about the recruitment and introduced me MBA graduates who are currently working at certain companies. Thanks to the Career Hub, I was able to increase my understanding of the overall recruiting process and the companies. In particular, I could create much cleaner and eye-catching English and Korean resume through resume review program, called Resume Clinic Program. 6. Is there something you personally did to improve your career development while going to Global MBA? First of all, I made great efforts to build good credits. Often there are misconceptions among students that companies do not pay much attention to MBA credits. However, if you consider the fact that the level of highest qualification and its credits are the first things to be exposed on the resume, I think it is highly important to take care of your credits. I also read the Korean editorials issued by each newspaper every day because I could easily get a misunderstanding that I lacked the capability to fully comprehend and write the Korean report since I have been studying abroad for a long time. Those efforts are very helpful when I write and understand the industry analysis report at my current work. 7. Please provide advice for job seekers, as well college juniors seeking to pursue a career path in M&A Advisory I think that M&A Consulting is a broad field. Since you do not know which companies would ask for an advice, you must always be alert to current trends in various industries. I highly recommend reading newspaper articles and editorials on a daily basis in order to be able to identify current trends. In addition, you will have a heavy workload with papers. It would be great for you to get a certificate of MS Office to get yourself familiarized with the program and increase proficiency if you have time on your side. Most importantly, I suggest you think thoroughly about what you really want to do first and then prepare yourself to get the job. I can confidently say that you can make it with the help from Career Hub.
[Interview with a Civil Service Entrance Examination Successful Candidate] Passed Within a Year of Exam Preparation - Kyung-Bae Lee (Business ‘13)
[Interview with a Civil Service Entrance Examination Successful Candidate] Passed Within a Year of Exam Preparation - Kyung-Bae Lee (Business ‘13) Q. Please introduce yourself. Hello, I am Kyung-Bae Lee from Business Administration entering class of 2013. I passed the 2018 5th ranking Civil Service Entrance Examination, finance and economy division. I am currently taking a leave of absence and will return in the spring semester of 2019. Q. What made you prepare for the Civil Service Entrance Examination? I was thinking of a career that I can contribute to society and improve my skills at the same time. I saw the Public Service Fair posted on the SNS and that’s when I made up my mind to prepare for the exam. In fact, I had a lot of concerns during the exam preparation. I was worried that even if I passed the exam, I don’t know which department I will be assigned to. But after a consultation with Professor Soo Young Kwon, I was sure that it is what I would like to do. Professor Kwon advised me that if I passed the exam, I will involve in policymaking that can actually contribute to the society. He also told me that it will be a career that I can learn a lot. Q. What is the secret of your successful result within a year? It’s not much of a secret, but I tried not to forget three things: learn as much as you can from lectures at the university, set up a specific action plan, and make a routine for studying. First of all, I tried to make the most of lectures at the university, that are relevant to the Civil Service Entrance Examination. From 2013 to 2017, I took 19 to 21 credits, and the results were pretty good especially in business economics, organizational behavior, management mathematics, international business, and introductory statistics. These courses were related to courses I took the exam on – public administration, economics, financial affairs, statistics. I strongly recommend take lectures at the university which will shorten the duration of your exam preparation. Another thing that helped me a lot was to make a detailed plan. Most around me started the exam preparation way sooner than I did, which was a pressure for me. So I set up a detailed plan of ‘One-year master plan-monthly study plan-weekly study plan’. The one-year master plan includes the list of books I was supposed to read before the exam, and monthly study plan includes the list of lectures I must complete, followed by weekly study plan of what I should study each day. So every time I procrastinate, I checked how much I had done out of the things I was supposed to complete. That way I was able to motivate myself again. Moreover, making a routine of studying improved the efficiency of studying. I tried to stick to 8 to 10 studying at the library (8 AM to 10 PM). In fact, it was very challenging that often I had to study on Sundays as well. But I was able to make myself used to the studying routine on Sundays. Q. Was there any activities or classes at the university that particularly helped your exam preparation? If you're hesitant to start the exam preparation, I strongly recommend going talk to your academic advisor. KUBS provides frequent social events with professors, so it is easy for you to reach them. Like I mentioned earlier, courses at KUBS such as business economics, organizational behavior, management mathematics, international business, and introductory statistics helped me a lot. In addition, I was able to build a basic accounting background by microeconomics and monetary finance. More importantly, exam preparation at ‘Takmajung’ at KUBS helped me tremendously. At Takmajung, we not only study together but we also share feedback on answers we wrote. It is a great way of studying because you get to learn from a broader perspective. We also shared useful exam information or tips, so that we can make better performance on the exam. Q. What was the most challenging part of the exam preparation? It was the uncertainty of the exam result and pessimistic thoughts. For a while, I was pretty down. I was overwhelmed by exam preparation and I was in a bad mood. Whenever I got pessimistic, I called the day off early like 9 PM and took a rest for the next day. As regards other stress management, when I felt guilty after procrastinating for a long time (using mobile phone etc.) I went outside and met people to refresh myself. Q. Could you share your future plan? We haven't quite decided yet but I will definitely return to university next year for my final year at university. So in the meantime I would like to take classes and travel. After graduating from the university, I will then enter the training institute. I don’t know which department I will be working at, but my goal is to be a public official who improves welfare facilities in Korea. Q. Could you give us last words of advice to KUBS students who study for Civil Service Entrance Examination? ‘Steadiness’ is the best weapon. Once I made up my mind to study for the exam, it was hard for me to go to the library, giving up the opportunity cost of it. But looking back, I was able to pass the exam because I tried to control myself to make a steady progress. I will enter the National Human Resources Development Institute in 2020, so I imagine I will study with some of the MY KUBS readers. Good luck to you, I look forward to seeing you there!
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.
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.
[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”
[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"
[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)
[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)
[Partner School] Peking University, Center of China’s Education
[Partner School] Peking University, Center of China's Education Peking University, located in Haidian Qu, Beijing, China, was established in 1898. The university is known for its long history; it is the oldest tertiary education institution in China. As of 1990s, the university broadened areas of study with the commencement of business administration, and has kept its reputation until now. Peking University is closely related to significant historical events like The May Fourth Movement. Notable alumni are Mao Zedong, Lu Xun, Gu Hong Ming, Hooxi, Mao Kun, Li Da Zhao, Chen Duxiu, and the current Premier of the State Council of the People’s Republic of China, Li Keqiang. Peking University has approximately 15,000 students enrolled in undergraduate degree, of which 16 percent (3,000) are international students. Peking University has over 4,000 full-time academic staffs who are committed to educating students. Their remarkable rankings demonstrate their position as one of the best universities across the world. Peking University placed 26th in the World Economic Forum (WEF). In addition, Chinese Universities Alumni Association, CUAA ranked Peking University as the best university in China. Peking University has garnered impressive results on global rankings. According to WEF, World Economic Forum, it was ranked one of the top prestigious colleges across the world. In addition, CUAA, Chineses Universities Alumni Association, announced it as the best university in China. KUBS has signed a partnership with the Ghanghua School of Management, the College of Business at Peking university to facilitate academic exchanges between the two schools.
[Interview with a PhD Holder-Appointed to Professorship Overseas] “Have Your Thesis Portfolio Prepared for Your Goal”
[Interview with a PhD Holder-Appointed to Professorship Overseas] “Have Your Thesis Portfolio Prepared for Your Goal Jiyoung SHIN, Ph.D.(International Business ‘11) /Appointed at University of Groningen, the Netherland Q. Could you please introduce yourself to our readers? I received my master’s and PhD in international business at Korea University. I am a “domestic” PhD holder, if you like. After completing PhD, I worked at Simon Fraser University in Vancouver, Canada for two years as a postdoctoral researcher. I started applying in winter 2017, when I decided to settle in at schools overseas and got appointed as an assistant professor at the University of Groningen, Netherlands this March. Q. What made you start for a postgraduate degree? I worked for a company for a while after my undergraduate study. As work took over my everyday life, I thought, “If this keeps going, a life that keeps me from going any further than what I am already capable of, any hopes of a better future would be nonexistent.” What could I do for the rest of my life without getting tired of, and enable self-actualization at the same time? The answer led me to postgraduate study. Q. What do you think is the benefit of study for a postgraduate degree at KUBS; Could you tell us what types of assistance did you get from the School? Professors, especially those in international business, help both PhD students and master’s students out so they can attend and give presentations at international seminars. Also, the KUBS graduate program supports students as well, so students can participate in international seminars with a minimum concern on the financial burden. During my PhD, I was able to attend international seminars quite often actually, as a part of the support from my professors and the School. I was able to ask questions and get advice from researchers across the world. I think that was one of the things that helped me a lot as I made job applications overseas. Q. What were the biggest obstacles you had to overcome during your study, and how did you get through them? Nothing actually comes to mind when I look back. Probably because I’m much more optimistic than the average person. I tried not to compare myself to others and instead focused on my own dynamics, and this attitude undoubtedly helped me get through the doctoral degree. Q. Any tips on how to work on your thesis and the appointment to professorship? The most important thing is to think carefully about what your goal is and be committed to your goal. You must be aware of the distinction between universities in Korea and overseas, and you should be prepared accordingly. You must have a concrete idea of what you would like to achieve and work on your thesis portfolio; I think these are the keys to reach your goal. Q. What areas of study are you planning to concentrate on? The main issue is corporate social responsibility. I am researching the reasons why MNCs must fulfill CSR, to persuade not only corporations but stakeholders as well. It is what I plan to focus on for the next 10 years or so.
[Undergraduate Career Story] Min-Ju Kim (Business ‘12) | L’Oreal Korea
[Undergraduate Career Story] Min-Ju Kim (Business ‘12) at L’Oreal Korea Min-Ju Kim (Business ‘12) | L’Oreal Korea Q. Could you please introduce yourself to our readers? Hello, I am Min-ju Kim. I am majoring in Business Administration, entering class of 2012. I currently work for L’Oreal Korea. Q. What are some major experiences during your undergraduate years that helped you start off on your career? I participated in four internships during my undergraduate degree, searching for the type of work and the field I wanted to build a career in. Thanks to hands-on work experience and learning by trial and error, I was able to establish my career path - marketing specialized in foreign affiliated consumer goods. Q. What was the reason that you chose to work for L’Oreal? Apart from my interest and experience in the field, I thought I will be a good fit for the unique culture at L’Oreal. L’Oreal runs internship programs twice a year, and their job positions are open to those with internship experience at L’Oreal only. During the internship for a couple of months, I was able to experience real-life office culture. L’Oreal highly values an active attitude and flexibility of ideas, and I was convinced that I am a good fit for it. Q. Could you tell us more about your job description and some of the characteristics of the corporate culture at L’Oreal? L’Oreal offers an MT Program designed for its new employees. It is the L’Oreal’s unique program that the employees’ work for a variety of departments for the first six to 18 months. It allows them to get the idea on the overall operation of the company. The purpose of the program is for the new employees to be familiar with the company’s business models, as well as their diverse job descriptions. The program is also a great start to build a network with other employees, so I think the MT program is one of the key aspects that represent the overall corporate culture at L’Oreal. I am building experience on a variety of tasks as a part of the MT Program. Currently I am in charge of digital marketing and PR of the new and improved La Roche-Posay Effaclar Duo[+] launch in the IMC+ E-Commerce team of the Hospital and Pharmacy Business Division. It is very rewarding when I read the target consumers’ positive reviews on our products, after the online advertisement I was responsible for. I think the corporate culture is quite horizontal, which I am highly satisfied and grateful that even though I am a junior at the office I am allowed to make a decision and lead my own projects. It is quite nice that I get used to different types of job descriptions within the short period of time, which is very rewarding in terms of my personal development as well. Q. Could you share your tips on how you prepared for the job applications? I had my English resume and cover letter edited by my seniors, professors, as well as KUBS Career Hub. I went over them multiple times to make sure that they are clear and precise. As regards interviews, I kept reminding myself that “I am just having a conversation – I am interviewing the interviewer!” to take it easy. I tried to make sure that I emphasized some of the keywords during the interview so I can make an articulate speech. If you are interested in applying for a job in the cosmetics industry, I recommend that you must articulate your ideas in ways in which you can demonstrate your interest in the industry.
[The 60th Anniversary of IBRE] An Interview with Professor Chan Su Park, the 31st Director of IBRE “Opening up IBRE’s New Chapter by Facilitating its Research Groups”
[The 60th Anniversary of IBRE] An Interview with Professor Chan Su Park, the 31st Director of IBRE “Opening up IBRE’s New Chapter by Facilitating its Research Groups” Q. It is the 60th anniversary of Institute of Business Research Education (IBRE). Would you like to say a few words on the celebration? First of all, I am very proud of the institute’s long history. It is Korea’s very first business research institute established by a university. IBRE has been a pioneer in many aspects. In the 1950s when the term ‘business administration’ was not even widely used, IBRE was the very first institute that carries on researches in diverse areas such as military service and government service. IBRE played a key role in the dissemination of knowledge and skills in business administration. Looking back through the history of IBRE, I feel grateful and respectful of the contribution that former IBRE members had made. Q. Above all other tasks, what are the most memorable activities you have done? First is the establishment of ‘research sub-groups’ at IBRE. For 40 years since its establishment in 1958, the main emphasis of IBRE had been on business research and education. Researches at IBRE were then held by sub-centers of each research area, starting from the Center for Asian Business Research in 1995. About 20 years later, IBRE then started conducting researches by sub-groups for more specialized researches. I remember meeting with professors to reach a consensus on the research groups. Another thing is the achievement of the funding sustainability at IBRE. There had been concerns on the reduction of the fund after financing academic conferences and seminars held by each center at IBRE. However, partial support from the Graduate School of Business slowed down the speed of reduction. It is almost the end of my term at IBRE, but it is a relief that the sustainability of funding has remarkably increased. I am very hopeful that it will provide stable support for IBRE’s better performance in the future. Q. Do you have any comments on the improvement of IBRE’s performance in the future – where IBRE should be headed? I think IBRE should put more emphasis on the diversification of its research groups, so that we facilitate researches from a wide range of academic areas. To achieve that, it is fundamentally important to provide supports to professors by adopting well-organized business education programs, for example. An adequate assistance from the Institute will contribute to a better quality of research, which will later be recognized by the global rankings as well. Read more articles (Korean) [특집] 기업경영연구원의 60년 역사를 되돌아보다 [특집] 기업경영연구원 창립 60주년 기념식 개최 [특집] 기업경영연구원, 창립 60주년 기념해 다채로운 학술 행사 진행 [회고록] "기업경영연구원 창립 60주년을 축하합니다" - 조익순 명예교수, 지청 명예교수
“We Would Like to Thank Our Colleagues Who Are Always Willing to Cooperate”– Interview with Winners of 2018 Outstanding Staff Contribution Awards
“We Would Like to Thank Our Colleagues Who Are Always Willing to Cooperate” - Interview with Winners of 2018 Outstanding Staff Contribution Awards: Assistant Manager Sung Pyo Jang, Senior Staff Yong Ki Kim - Celebrating Korea University’s anniversary, the List of 2018 Outstanding Contribution Awards for Administrative Staffs has been announced. Awardees from the Business School are Assistant Manager Sung Pyo Jang and Senior Staff Yong Ki Kim. We met for an interview with our proud winners. △ Assistant Manager Sung Pyo Jang, Senior Staff Yong Ki Kim Q. Could you briefly talk to us about yourselves, please. Sung Pyo Jang (JANG) | I started my career at Korea University in March 2000. I was first appointed to Information System Development Department of the Office of Information & Computing for 16 years. Then I was appointed to the Business School in March 2016, now I am in charge of human resources of the faculty, research, and other undergraduate administrations. Yong Ki Kim (KIM) | I started my career at Korea University in 2009 at the Office of General Affairs. Then I was appointed to the Business School last year. I am responsible for building security, hygiene, and facilities maintenance. Q. Could you tell us how you feel about the award? JANG | Very happy, thanks for asking. It means a lot to me since it is the second year after the appointment to the Business School. At the same time, I know it is not an award just for me; it is for my amazing team and all other staffs at KUBS who are always willing to cooperate. We have very talented and enthusiastic staffs at KUBS administrative offices, I would like to attribute the award to my colleagues. KIM | I feel exactly the same. I didn’t know what to say. It was a nice surprise, really. I was very happy the first day I heard the news, but then it turned to heavy responsibility the day after. Like ‘the carrot and the stick’, I consider this award is ‘a carrot’ that makes me remind of ‘a stick’ to keep on a hard work. Q. What do you think has most attributed to the award? JANG | During my 2 years at the Business School, I was in charge of the evaluation of the School, renovation of Business School buildings and setting up information system of KUBS. I assume they gave credits on my performance on those. I remember I said ‘I will do my best’ on the official appointment to the Business School. And I did my best to keep the words I said. I would not be able to complete the works if it hadn’t for my colleagues. I would like to thank them again. KIM | A lot of my works at Business School requires me to work individually, not as a team, which made me feel under pressure sometimes. So I tried to proceed tasks straight after I got requests. I also tried my best not to forget the issues that have been raised regarding my duties. I felt quite heavy responsibilities and sometimes I was not sure if I would be able to complete the tasks successfully, to be honest. But thanks to all the support from executive manager, assistant managers and staffs at KUBS, I was able to move on. Q. What do you think an ideal university administration is? Could you share with us of your thoughts on administration at university? JANG | Administration at universities is different from that of private organizations. In general, the purpose of firms is to maximize profits, but that is not necessarily the case for universities. Therefore, the role of staffs at universities is not the same as that of private organizations. I think the willingness to provide service is very important for administrative staffs at universities. After all, one of the most important duties of university staffs is to support faculty members to provide quality education to students, and students to maximize their learning experience at the university. So I think administrative staffs must be committed to best quality services to faculty and students. From small things like greeting the visitors with a smile, for example. KIM | That’s a very difficult question. I think what is important for groups and organizations is to cooperate, and willing to support your colleagues. I think that’s what makes an ideal organization. You know how people say ‘people come first’; I believe caring people around you leads to the most ideal outcome for an organization. Q. Do you have any last word you would like to share with administrative staffs at KUBS? JANG | We have very talented staffs, enthusiastic and always put first what is best for the School. I should mention that I feel lucky to be able to work with such inspirational colleagues. I like the phrase ‘best of luck’, although I know that luck comes to those who look after it, who make the best effort. I am sure luck will come to those who keep the hard work. KIM | I would like to thank my colleagues as well. At first, everything was new to me, which made me lost quite often. But thanks to my colleagues at KUBS I feel grateful coming to work every day. I hope we could maintain the close network and look forward to many more chances to be close to each other in the future.
“Top MBA Program Specialized in Asian Economy”… Interview with the 10th S³ Asia MBA Students
The 10th S³ Asia MBA Continuing Students: Do-Yoon Kim, Prakriti Khanna, JoongKyu Ahn “Top MBA Program Specialized in Asian Economy” S³ Asia MBA at Korea University Graduate School of Business is a program offered by 3 business schools in Asia: Fudan University, China; National University of Singapore, Singapore; and Korea University. This 3 semesters program allows students to spend each semester in 3 different countries in Asia, which will be a unique cultural experience for them to be regional specialists. We met 3 AMBA students to hear their thoughts about the MBA program and their business plans in Asia region. Q. Could you briefly tell us about yourselves. Do-Yoon Kim | My name is Do-Yoon Kim, I am taking AMBA program. I am a Korea University graduate, majoring in life science. I have worked for ‘Korea Tooth Bank’ nearly 3 years before I started my MBA. Prakriti Khanna | I am Prakriti Khanna, I am from India. I used to work for Deloitte, back in my country for 2 years. JoongKyu Ahn | My name is JoongKyu Ahn. I have 9 years of experience at Nexon. I was a part of management team at the online game company. Q. Could you tell us how you started your MBA? What was the reason that you chose S³ Asia MBA? Do-Yoon Kim | In fact, I was thinking of taking MBA abroad. Then I read about AMBA on the University’s newsletter. I was fascinated by the fact that you can graduate with 2 degrees, one from KUBS and the other from either Fudan University or NUS, within one and a half year. Since I am interested in the Asian market and looking for a job in Asia, I knew AMBA is just the right choice. Fudan University and NUS are both renowned universities, so I assumed the courses would be very rewarding too. Prakriti Khanna | I applied for the MBA because I wanted to pursue a different specialty. When I worked for Deloitte, my specialty was in private equity. However, I have been wanting to learn more about investment. I thought that I need to build a strong background in finance, as well as entrepreneurship and management in general. So AMBA seemed to be perfect to fulfill my academic interest, not to mention I get to take courses in 3 different cities during the program. JoongKyu Ahn | I thought the best thing about AMBA is that it is guaranteed that you spend semesters in 3 different countries in Asia. Unlike exchange programs, you do not have to have research or prepare applications for your overseas study experience. After graduation, I would like to work for IT or FinTech companies in Singapore. Q. From what you’ve experienced, what are some of the strengths of AMBA? Do-Yoon Kim | KUBS’s AMBA offers small-sized classes, compared to other MBAs. There are 21 of us now, the 10th AMBA Class. Also, I need to point out that you get one and a half year in 3 different cities, with your 21 AMBA classmates. You build a very special and strong bond with classmates from diverse cultural backgrounds. In particular, I remember times when I counted on Chinese or Singaporean students when we went to their countries. I should also mention one of the courses <Asian Business Insights>. The course opens at the three universities, which allows you to visit business organizations there. It is a great chance to learn business practice in Asian countries. Prakriti Khanna | During the program you stay in different cities which can be tough, but at the same time, I think that is one of the best things about AMBA. For a year and a half, you get used to one place and then move to the next city. Apart from the classes, the program gets you to learn how to adjust and live in a new place. And spending times abroad with my classmates has made us build close relations. As Do-Yoon pointed out, because of the small-sized class the teaching quality was very outstanding too. JoongKyu Ahn | Korea University, Fudan University and NUS were each established in 1905. They are all renowned institutions with a long history. So during the program, you will be able to learn from recognized teaching staffs. The universities provide diverse student supports including career development programs, too. Q. What sort of support does AMBA offer in terms of student network? Do-Yoon Kim | Basically you will start your first semester at Fudan University, where you attend an additional orientation at the beginning of the semester. Besides an orientation held at Korea University, you meet classmates from diverse backgrounds on the orientation day. Also we have AMBA Alumni Association where professors also participate in the regular events. Prakriti Khanna | For the semester held at Fudan University, we take courses with International MBA students at Fudan University. During orientation sessions, we got to know each other and got closer during the semester. We also had other events held for us at Fudan University as well, which I assume this is pretty much how it will work on our next semester at NUS. JoongKyu Ahn | As Do-Yoon mentioned earlier, I think the Alumni Association is one of the strong student network offered by AMBA. In addition, there are alumni associations of Fudan University and NUS in Seoul, which AMBA alumni are also part of. In addition, there is an MBA association of 8 universities in South Korea, which AMBA alumni are eligible to be members. So overall we have 5 to 6 alumni events in a year, and they hold very great events. The AMBA 10th Students, at Fudan University (Picture by = JoongKyu Ahn) Q. You completed your first semester at Fudan University. Any thought on courses or life in China? Do-Yoon Kim | I don’t speak fluent Chinese, so my classmates helped me a lot. Also two of my roommates speak fluent Chinese, which was a relief. During the first semester, my Korean classmates supported each other a lot, and my friends from China gave us great help as well. Since we attend lectures together with International MBA students at Fudan University, they helped AMBA students a lot, too. Prakriti Khanna | I was pretty satisfied with the courses in general. I liked <Managerial Communication> and <Managerial Economics> in particular. The teaching staffs were really amazing especially my economics professor. I was happy with <Financial Accounting> as well, because the professor often referred to practical examples in the lectures. As regards life in general, I think modern facilities in China were very impressive too. The only issue was my language fluency, I am not fluent in Chinese and it was an issue at first. However, I got used to it and I was able to complete my first semester in China. JoongKyu Ahn | I was actually pretty impressed by the country in general. It was my first time visiting China, and it was so different from what I had in mind. For example, I was surprised how dynamic and international Shanghai is. I was also surprised to how pervasive mobile pays are in China – you can make payments even at stalls on the street via WeChat or Alipay. Q. How do you feel about your current semester at Korea University so far? Prakriti Khanna | Pretty good, actually. I feel international students in our class find it easier to catch up with classes this semester, compared to last semester in China. Korea University offers Korean language programs and people in Korea understand English well when I get stuck with my Korean. My Korean friends took me to cultural events as well, such as cherry blossom festival and other social events. It is also great that sometimes you can have lunch or dinner with your professors here; it is great to talk about things other than the course. I am also very satisfied with the fact that I can learn from the teaching staffs who have degrees from world-renowned universities. Q. Do you have any advice for those who are thinking of taking AMBA? Do-Yoon Kim | The best thing about AMBA is that you build unique and strong relations with classmates. You will be able to learn a lot from your experience living in 3 different cities. Prakriti Khanna | I am aware that there are thousands MBA programs out there. However, two things need to be taken into account: ‘what do you want to learn from MBA’ and ‘your career plan after your MBA’. Since each MBA has a different emphasis, you need to have a close look before applying. JoongKyu Ahn | I would advise you to focus on ‘what made you consider taking MBA’. If you can answer that, work on your new plan as soon as possible. I have spoken to an MBA student from Italy back at Fudan University, (s)he was 23 years old which is quite an early age to start an MBA. I guess as long as you have a clear sense of goal, the earlier, the better. [AMBA] Click here to see the full interview
[Global MBA/MIM] “A Wide Variety of Pathways Meeting a Variety of Student Needs”
[Global MBA/MIM] “A Wide Variety of Pathways Meeting a Variety of Student Needs” “When I was looking up for MBA programs in South Korea, I paid attention to how Korea University’s MBA is well-organized and adaptable to business practice in reality. In particular, Global MBA’s Dual Degree Track seemed to have the perfect curriculum that I was looking for.” “The unique degree pathway offers you to graduate with 2 MBA degrees from 2 universities – one from Korea University and the other from overseas university, after the completion of 1 year at each institution.” “ESCP is one of Grandes Écoles, 3 best business schools in France. It is such an honor to be able to learn and graduate with an ESCP degree.” [Global MBA/MIM] Click here to read the interview of Mr. Seok-Hyun Lim, Dual Degree Track “You will be able to learn the business operation of multinational corporations with students from diverse backgrounds.” “There is a requirement that at least one institution per a nation joins CEMS Alliance. Japan’s CEMS partner school is Keio University, which is lucky for me because I have always wanted to study at Keio University.” “Global MIM allows students to meet and network with students across the world: Europe, South East Asia, and Japan. I am sure this wide network will be a great foundation for my business.” [Global MBA/MIM] Click here to read the interview of Mr. Woo-Jae Byun, CEMS MIM
KUBS’s CPA Preparation Program ‘Jeongjincho’ Achieved a Remarkable Outcome
KUBS’s CPA Preparation Program ‘Jeongjincho’ Achieved a Remarkable Outcome Highest Pass Rate on 1st Round CPA Exam KUBS is proud to inform you that the School achieved the highest pass rate in the country on the first round Certified Public Accountant (CPA) exam 2018, far outstripping other universities in South Korea. The 1st round result of 53rd CPA exam has been released on March 16. On this exam (February 11), Korea University has produced a total of 187 successful 1st round CPA candidates. This achievement reaffirms KU’s position as the best institute for nurturing certified public accountants, especially by the support of a CPA prep program called ‘Jeongjincho’. (▶See Article) Korea University's business school runs the largest CPA preparation study group, Jeongjincho. Located on the third floor of the KUBS Main Building, Jeongjincho provides the best environment for students to focus on their studies. Jeongjincho offers a variety of learning materials including textbooks and lectures. The group also provides chances for students to meet with our alumni who passed CPA and currently work as accountants to give advice and support a strong network. Below is an interview held with academic advisor of Jeongjincho, Professor Han Sang Yi and Jeongjincho manager, Ha-Rim Oh (Business’11, CPA 52nd) about Jeongjincho. Jeongjincho Academic Advisor, Professor Han Sang Yi and Manager, Mr. Ha-Rim Oh Q. Korea University achieved the highest pass rate on the first round of 53rd CPA exam, what do you think was the secret to our students’ remarkable result on the exam? Professor Han Sang Yi | In fact, the first round exam was more difficult than we expected. On challenging exams like this, the key to success is to keep calm – don’t panic, do the best you can do. I guess this was not an issue for our students though, because Jeongjincho students were well-prepared to solve challenging questions. Q. You mentioned that Jeongjincho has contributed to the Business School’s outstanding performance on the exam. Could you tell us more about Jeongjincho? Professor Han Sang Yi | Sure, basically the first round CPA exam is held at the end of February and the second in June. Jeongjincho, therefore, opens applications after each round; 2nd round preparation group in March, a short-term intensive study group from July to August, in addition to 1st round preparation group from September. Applicants go through a thorough selection process, like a national archery team, and we select 69 students in the order of their performance on the entrance exam. Mr. Ha-Rim Oh | Once admitted, Jeongjincho students can participate in our structured training program. Students admitted on March should sit on practice exams held every month to prepare for the second round exam. Candidates must be prepared for 4 subjects on the second round CPA exam: Tax Law, Financial Management, Cost Accounting, and Financial Accounting. They take an exam on additional subjects, accounting audit. So it is indeed a very demanding exam to prepare. Students are asked to leave the group if they do not achieve satisfactory grades. Students admitted in September also go through practice exams and classes. Although it is a demanding program, our students stick to the end, building a strong bond among the group. Just so you know, you don’t necessarily have to be a business student to enter Jeongjincho, as long as you are a Korea University student who is willing to study for CPA exam. Q. How exactly the Business School support Jeongjincho? Could you give us details, please? Mr. Ha-Rim Oh | To start off, the School provides studying area to each of 69 students. Students gain access to a range of learning materials – about 40% of online class fees are supported by KUBS. More importantly, Jeongjincho students can receive the scholarship up to 15 million won per annum, funded by accounting firms. The scholarship goes to 10 distinguished students every year. Jeongjincho students also have free access to the key textbooks and reading materials. Jeongjincho Student supports is open to non-members as well. Any Korea University students can gain full access to updates of CPA exams and information sessions or job openings at accounting firms. If you add us on Kakao Talk Plus, you can receive information about signing up for classes and practice exams. Please note that accounting firms sometimes conduct information sessions in private, of which you can get updates from us. Practice CPA exams are available free of charge to all Korea University students. Mr. Ha-Rim Oh, Manager of Jeongjincho Q. What is the most challenging part for students preparing for CPA exams? Can you give any advice? Professor Han Sang Yi | Exam preparations are like a battle against yourself. Especially exams that demand long-term preparation, you feel vulnerable, unsure and weak, apart from external factors such as relationships. Seeing students’ struggle every day, I feel resilience is the key to success in exam preparation, being able to continue their steady work. Mr. Ha-Rim Oh | Back in my exam preparation days, the most challenging part was when the exam is getting close. I was exhausted mentally and physically, but that was when support from my friends at Jeongjincho helped me get over a hard time. Once I got improved grades right before the second round exam, I felt myself back on track, and I was able to keep it positive until the end. Q. (To Professor Yi) What do you think makes a great accountant? Can you think of any personality traits or skills that are best-suited for the job? Professor Han Sang Yi | In general, disciplines in business administration look at how to achieve their goal or maximize profit, if you like. They are quite one-dimensional compared to accounting. In accounting, sticking to its principle (convention of conservatism) brings about social benefits as well. That is why in the U.S., the term ‘public accounting’ is widely used for accountants who work at accounting firms. Apart from careers in public sectors, not many people put ‘public’ on their job titles. Accounting however is closely connected to public interest, so I think the society needs individuals with integrity and strong responsibility as accountants. Q. Could you give us any other advice on students who prepare for CPA or who is thinking of CPA preparation? Mr. Ha-Rim Oh | If you are thinking of CPA exam, I suggest you work on it. I presume the reason a lot of people feel they are not ready yet is because of the uncertain nature of exam preparation; that there is no finite duration of the exam preparation. They are worried that the amount of time they spent on exam preparation does not come to a good end. Nevertheless, I can assure you that regardless of the result, it will be worth the time spent. On a survey conducted by the Financial Supervisory Service, generally, it takes 3 to 4 years to pass the CPA exam. CPA preparation will be a great way to start off careers other than the accountant, so I would strongly suggest you prepare for the CPA exam. CPA is highly applicable to other professional areas. Professor Han Sang Yi | You know how accounting is often referred to as the language of business. I think it would be nice for any individuals to have some levels of accounting background, especially those in business, law or other public sectors. Accounting is crucial in the capitalist society – it is the foundation of decision making, performance evaluation and the distribution of resources. Moreover, people pay more attention to STEM these days (Science, Technology, Engineering, Mathematics). I guarantee you will not lose anything by studying accounting and statistics.
“Apply for Global MBA Now”
“Apply for Global MBA Now” Korea University Business School’s Global MBA (GMBA) has a growing reputation as one of the best MBA in Asia. <MY KUBS> met Oliver Hanearl Yi, Hyo-Jin Chang, and Mohit S. Gill to hear their stories at Global MBA. Q. What was the reason that you chose to study MBA at Korea University? Oliver | I finished my undergraduate study in the U.S., and I came here to start my MBA to learn business studies in depth that is applicable to my career. I wanted to come study in South Korea because of my Korean background. Hyo-Jin | while working in the marketing industry, I wanted to study other disciplines of business studies. After doing my research, I applied to the renowned MBA program at Korea University. Mohit | I studied marketing back in Canada. I wanted to learn business administration in depth so that I can pursue more specialized career. Thinking that Korea University offers distinguished quality of teaching, I came to Korea University. Q. Studying at Korea University, what do you think is the best thing about GMBA? Oliver | I was pretty impressed by the strong bond you build between students, and with alumni. If a strong network is something you are looking for, I would suggest you to definitely choose GMBA. Hyo-Jin | I am aware that MBA programs in general take up to two years. Korea University GMBA, however, is a one-year course, so I am sure an intensive one-year program is very efficient time-wise. Mohit | During the program you take 6 modules in a year. It is intensive but quite rewarding too. I would also like to point out the fact that we can take specialized courses from Module 4. Q. What do you think is the most important factor to take into account when choosing a MBA program? Oliver | Definitely the duration of ‘time’ you want to invest on your study. Generally, people who consider enrolling in a MBA already have professional experience, so the duration up to 2 years can be a long time. In addition, I think ‘quality of teaching’ is another important factor too. Hyo-Jin | If you are thinking of taking a MBA program, I would suggest 3 things to consider: ‘time’, ‘effort’, and ‘cost’. Since GMBA is a full-time program, you will need to quit your job to study. That is one whole year of studying so you do not want to waste any minute of it. I guess it is important to also keep in mind that you need to build a network with other students and focus on your study at the same time. When I was doing my research on MBA programs, I found that GMBA is cost and time efficient than MBAs at overseas institutions in general. So I think it is important to choose a program that is reasonable in many aspects. Mohit | I think it is important to focus on what you want to achieve from studying MBA. For example, I wanted to learn practical knowledge that is applicable to my professional experience, rather than focusing on theoretical aspects. That was one of the reasons why I came to KUBS, and I am pretty satisfied with learning about sales and marketing strategies of corporations in Korea. Q. Could you briefly share your plan after graduation? Oliver | I am thinking of going back to America joining the family business, or I would like to find something in South Korea. I am looking for a career in entertainment or cosmetic industry. Hyo-Jin | I would like to work at foreign affiliated companies. I used to work in marketing, but while studying I thought business strategy or finance might be interesting too. Mohit | My goal is to work at multinational corporations. I am looking forward to work in Asian market. I prefer Korean companies that has overseas branch, but I think a career in Japan, China, or Singapore would be great too. I am pursuing a career in brand marketing. Q. Could you please give a last advice to our readers who are considering GMBA? Oliver | I would strongly suggest you to keep an open mind; it is always nice to try new things. I guarantee it will be a great opportunity to meet and network with others. Hyo-Jin | If you are thinking of studying MBA, stop thinking and make your application. You will be able to experience a very unique and interesting culture during your study at Korea University too. Mohit | I recommend GMBA at Korea University because apart from anything else, you can build a strong connection in Korea. If you would like to engage in Korean culture while you study, it is Korea University you need to apply to.
[Interview with a PhD Holder] “Strong Support from KUBS’s Excellent Research Environment and Network”
Interview with a PhD Holder “Strong Support from KUBS’s Excellent Research Environment and Network” Dr. Eun-Mi Kim (International Business '13) Dr. Eun-Mi Kim, a PhD holder from KUBS (Academic Advisor=Professor Insik Jeong) has been appointed a full-time academic staff at Pusan National University. Below is the interview held with Dr. Kim. Q. Could you tell us why you decided to start your postgraduate study? From my undergraduate years I have always wanted to study postgraduate degree, unlike friends of mine who were looking for job opening at companies. I wanted to work at universities to do my research, hopefully support student’s research one day, and assist student’s career paths as well. I chose International Business based on my undergraduate study and overseas company visit experiences. At the end of the first year of my postgraduate study, I transferred to integrated MS/PhD program to continue my study. Q. What is good about doing your postgraduate study at universities in South Korea? I think the best thing about doing your master’s or doctor’s degree in South Korea is the strong network you can build during your study. It gives you a great support like when cooperating on your thesis. Also if you attend conferences, you can meet and network with professors from universities in Korea, which will be a great help in your academic life. Q. What were the benefits of doing your postgraduate study at Korea University Business School, in particular? In many ways, actually. First off, I have had brilliant professors I can look up to, both academically and personally. Also KUBS provides the most updated facilities and learning resources available in South Korea. In addition, the School have a range of scholarships available to candidates, some of them offer candidates’ living fee during the study as well. Thanks to the scholarship support I was able to complete my study, putting aside financial issues. The School’s funding for international symposium once a year also gave me great chances to broaden and improve my research. Q. What was the biggest obstacle you had to overcome during your PhD study? And how did you cope with the difficulties? I am sure it is the same for all PhD candidates: working on your thesis. As I went through editing, I got more and more skeptical about the whole idea, feeling doubtful. You get afraid of meetings with academic advisors and the academic board, but for me thankfully, they were the ones who gave me the greatest support and help. They encouraged me and gave me useful advice every time I am in trouble. I would like to thank them again. Q. What do you think was the biggest factor in your appointment as an academic staff? I would say it’s the research performance. It varies with institutions but generally your performance is determined by quantitative and qualitative assessments. So basically you are good to go, if you could maintain above 300% of your research performance for 3 years, and publish your works on SSCI journal. If you could check Hibrain.net regularly and be familiar with the requirements, you should be able to reach your goal. Q. Could you give a last advice to undergraduate students who pursue an academic career? I would suggest you to consider a broad range of career paths, not limited to academic staffs. I know many of you might be comparing the opportunity cost of studying for a long period. However, I can assure you that in the long run you can’t be worse off, because you end up with a career that is stable and allows you to do your own research. I highly recommend you to take a postgraduate degree. I know brilliant professors here are willing to support you during your study.
Smart Tips and Advice for 2018 KUBS Commencing Students
Guidelines for New Students Smart Tips and Advice for 2018 KUBS Commencing Students KUBS welcomes a total of 439 students commencing their study on 2018. Here we would like to share few important tips for your study and life on campus. 1. I am on time to my lecture, but the lecture room is empty, what do I do? Don’t panic, check if there is an update on your course via Blackboard. If you log on to Blackboard (https://kulms.korea.ac.kr/), you will be able to find the most updated information on course materials, assessments, and group work. It is quite rare but sometimes your professor may cancel the lecture due to an unforeseeable event. So make sure to check your blackboard regularly if you don’t want to wait alone at a lecture room! 2. I am looking for a nice place to do group work, where do I go? You are more than welcome to use student lounge and study rooms on campus. Business School has few venues that you can do your group works, such as MB Lounge. You may book the study rooms use via Portal (portal.korea.ac.kr). If you would like to reserve study rooms at Main Library or Centennial Memorial Samsung Hall, visit library website (https://library.korea.ac.kr/). Please book online at least a week earlier especially when the exam is getting close. 3. Is there a place that I can have a rest during my break? Yes, we have student lounges that you can take a break. On level 4 KUBS Main Building we have Ladies Lounge for the Business School students, and another venue reserved for female students at Dongwon Global Leadership Hall as well. If you are a male student, you can go to level 2 of Communication Building or Aegineung Student Center on Science & Engineering Campus. If you would like to take a short break, please find couches on level 5 at LG-POSCO Building. 4. I am looking for reading resources for my assignment. You can use our Sudang Digital Library, level 3 of LG-POSCO Building (http://biz.korea.ac.kr/sudang/). Start off your research from our business studies resources including a total of 20 thousand journals published across the world. You can have access to 19 databases from Sudang Digital Library as well. 5. Having trouble catching up with your major courses? Sign up for the Business School learning assistance program TnT (Tutor & Tutee). You can get useful tips and advice from your seniors who took the course. You may register for up to 2 courses for TnT assistance. Register online for the learning support, and hand in required documents to Department Office. (▶More Information) 6. I need to move between buildings to attend lectures and I am in hurry. Is there a shortcut between Business buildings? Yes, you can use shortcuts between 3 Business School buildings. There are a total of 5 shortcuts connecting LG-POSCO Building (LP), KUBS Main Building (KM) and Hyundai Motor Hall (HM). If you could keep these in mind, you will be able to get to the lecture rooms on time: △ LP (level) 5 and KM (level) 4 △ LP 6 and HM 4 △ KM 3 and HM 2 △ KM 4 and HM 3 △ KM 5 and HM 4 7. Would I be able to have a chance to study overseas? Of course, you can take part in KUBS exchange student program. Work on your language skills and be prepared for your overseas experience. In addition to Korea University exchange student program, the Business School runs additional programs which you can attend to 120 universities in 33 countries across the world. You can apply for the program after completing at least 2 semesters at the University. Make an online application and submit required documents to KUBS International Office. Please keep updated with more information in January and July.
[Partner School] Vienna University of Economics and Business Administration, in the Center of European Economy, Vienna
Vienna University of Economics and Business Administration, in the Center of European Economy, Vienna Vienna University of Economics and Business Administration (WU Vienna) is located in the center of European economy, Vienna, Austria. The University is a specialized institution for economics and business administration courses, and they have the largest number of students in Austria, a total of 22,000. Established on 1898, WU Vienna has more than 200 partner schools, which reflects its position as the center of global economic exchange. The University insists on the value of social responsibility as well as their excellence in performance on research and teaching. WU Vienna also values cooperation between students and academic staffs. Vienna University of Economics and Business Administration has achieved exceptional accreditations from AACSB, EQUIS and AMBA, which are granted for less than 1% institutions across the world. Among universities in German speaking countries, only two institutions were granted all 3 accreditations. In particular, AACSB is accredited by Association to Advance Collegiate Schools of Business International, which is one of the top prestigious accreditation in the business studies circle. Moreover, WU Vienna has achieved high ranks among universities globally. On 2017, WU Vienna ranked 13th among 95 Master of International Business programs by Financial Times. Earlier on 2016, the University’s MBA ranked 44th out of 100 best MBA programs in the world. In QS World University Ranking by subject, this year WU Vienna ranked in the top 51-100th for the subject of business administration. The University placed on the 101-150th rank for Accounting and finance. In 2015, Vienna University of Economics and Business Administration elected the world’s first female president (Rector), reaffirming its position of one of leading universities in the world.
Interview with the 4th 2017 Startup Express Winter SeasonTeam
Interview with the 4th 2017 Startup Express Winter Season Team On ‘2017 Startup Express Winter Season’ held last December, enthusiastic and brilliant ideas were raised by pre-entrepreneurs at our Startup Institute. On this event organized by Startup researcher and Seung Myung-Ho Center for Entrepreneurship Education, the prizes went to △Brotherhood (1st prize) △Goody Scholars with Makeup (2nd prize) △Dreamary (3rd prize) △Picasso (special prize). We met for interviews with 3 startup teams from Iljin Center for Startup Incubation, located on level 2, KUBS Main Building. <Goody Scholars with Makeup> makeup products for men ‘Grooming Peeps’, a new term for men who care about their appearance. <Goody Scholars with Makeup> (CEO=In-Yeop Park) targeted on male makeup products, which is a growing market. The team started their interview by saying “our goal is to develop an iconic brand in the male grooming and makeup market”. <Goody Scholars with Makeup> came up with an idea that they produce a kit that contains half the size of regular BB creams and tinted lip balms. They put 2 products into one kit, thinking that their target consumer is male who is interested in makeup yet not familiar with. They said “we focused on what male consumer demands and what sort of issues they have in terms of makeup and grooming. In fact, quite a few of consumer care about their appearance but they do not know where to start. And in fact, it is expensive buying all the necessary products when you first start makeup. So we developed a product that comes with essential products in one kit so that the consumer can try each out”. <Goody Scholars with Makeup> is working on context-specific marketing strategy. For example, on April they will release a makeup kit for job interview. The team continued, “We needed to come up with a smart marketing strategy, so we asked ourselves on what occasions men need makeup/grooming. Many of our friends are students who are looking for jobs, so we came up with ‘job interview’ makeup kit. Our coming up products are makeup kits for first-year university students, and for sports occasion”. The team’s male members are trying on their product every day to test out their products. One of the members said “I am not a makeup kind of man honestly, but since I started putting makeup on, everyone has been commenting on me I look good. So I guess I can proudly present our products on the market”. <Dreamary> A Win-Win Service for Connecting Hairdressers and Clients Ever thought about getting your hair done by Cheongdam-dong hairdressers for free? Apparently, it is possible if you use the service by <Dreamary> (CEO=Geon-Woo Shim, Tae-Hoon Lee). Dreamary offers service that connects clients and apprentice hairdressers. <Dreamary> thought it is a 'win-win' for both hairdressers and clients because it provides apprentice hairdressers with chances to practice, which can be assumed from their name “dreamary”. It was brought up from CEO Tae-Hoon Lee’s own experience, “I have this friend of mine who was an apprentice hairdresser. Knowing that he needed as many chances to practice his skills, I let him do my hair for 5 years. That is how I came up with the business idea”. <Dreamary> acts as a mediated platform between clients and hairdressers. That is, once apprentice hairdressers register and pass the screening process, they are eligible to provide service to clients. On the other hand, clients must make a one-time payment of 3,000 KRW to register for the free service. CEOs added, “eligibility is determined by applicant’s license and work experience. Their service will be evaluated by the users’ review”. <Dreamary> is about to release their first website. If successful, they plan to develop a mobile application as well. The CEOs, Mr. Lee and Mr. Shim’s thorough market research and legwork made it possible to develop such structured business idea. Their goal is to build a platform that is connecting other relevant beauty industries, nail products for example. <Dreamary> is also thinking of creating a database of hairdressers and building a network, just like Linkedin. “In the future, we hope we would be able to support and give advice to starting businesses”, they added. <Picasso> Managing data for contents creators ‘Contents Creation’ refers to the creation of a new form of arts or cultural product that is made on Multichannel Networks (MCN) such as YouTube and Africa TV. <Picasso> (CEO= Se-Ryung Lee, Business’14) paid attention to the audience’s huge interest in contents creators. Ms. Lee said, “I named after Picasso hoping that my business would achieve success in every dimension”. <Picasso> collects, analyzes and visualizes data of contents creators. The members joined the team because of their interest in social media platforms (Africa TV, Twitter, YouTube) as well as their belief in their success. “I visited my family on New Year’s holiday, and I saw my 10 years old cousin watching toy reviews on YouTube. I was fascinated by the fact that the MCN market is growing.” <Picasso> makes sure to analyze the information of subscribers. They collect and categorize data of subscribers by gender, preference, nationality and so on, and sell their data analysis to business on the market. “We hope we could match the most appropriate channel to business. The key is to provide accurate data analysis to our clients” they added. <Picasso> is now in a phase of data collection and web server construction. As soon as they visualize their front-end data, they are all set. “Hopefully we will start our service within a month. We cannot wait to get feedback from customers, and work it out from there too.”
[Study Abroad Experience] “I was fascinated by Austrian Culture and the flexible course structure at WU Vienna”
Study Abroad Experience “I was fascinated by Austrian Culture and the flexible course structure at WU Vienna” I spent my exchange semester at Vienna University of Economics and Business (WU Vienna) last Fall. I was doing a little research on which country I should visit for the exchange program, but right after I saw a picture of Vienna, I went for WU Vienna. I took 5 courses during the semester: Touristic Service, Global Market Entry, Diversity Management, Global Branding, Tax Law; thinking that these courses are not open at Korea University. I was surprised by the way courses are designed. I had a course where the assessment components were entirely of group presentations, and the other course I had could be completed only within a month. So basically students have a lot of options to choose from, and they can manage their degree structure depending on their preference. Also for most lectures, we had about 20 students, which allows us to have discussions in between and so it was easy to socialize as well. As the semester proceeded, I became familiar with presentations and public speaking. I am able to give a presentation with a brief note. In addition, it was interesting to see various kinds of lecture venues depending on how the classes are operated. We were allocated to different venues in each class. Moreover, I had the best time staying in the fascinating city of Vienna, which is undoubtedly the most livable city in the world. I had this routine of checking schedules for an opera or exhibition. I bought a long-term ticket valid for the semester so I could visit art galleries whenever I can. Not to mention you can take subways for 24 hours on weekends and holidays, it is a quite safe city to stay outside at night too. I also loved it when I went out for Traditional Austrian cuisine with Buddy, especially when I had the local wine. I also spent weekends in close suburbs. I especially cannot forget the moment when I went up to the top of the snowy mountain across the Alps, in Innsbruck. Besides they have reasonable public transport systems, convenient administration in general, such as quick bank services. People were comfortable speaking English too, which was convenient as an overseas student. I don’t think there is one thing I did not like during my stay in Vienna, even though I am not local there. People in Austria were very nice too although they seemed tight to me at first, to be honest. I got close to other participants in the exchange program too. Thanks to people I met there and friends who supported me in Korea, I will not forget my time in Vienna. Ah-Young Yoo (Business'14)
PyeongChang 2018 Olympic Winter Game, A Great Chance for Global Business
PyeongChang 2018 Olympic Winter Game, A Great Chance for Global Business While PyeongChang 2018 Olympic Winter Game was held for a month in February, KUBS students participated in ‘Korean Hosting Team’ internship program organized by Sebang Travel (KC Tours) (Vice Chairman=Chang-Hee Oh, Business’82). Among 100 applicants, 11 students were selected through document screening and interview. We had interviews with 4 of the participants, Jeong-Hyun Kim (Business’16), Han-Byul Kim (‘14), Yoo-Jeong Lee (‘16), Yoon-Jae Lee (‘17), on their experience during this international event. (From the left) Yoon-Jae Lee (‘17), Han-Byul Kim (‘14), Dean Soo Young Kwon, Yoo-Jeong Lee (‘16), Jeong-Hyun Kim (Business’16) The internship program was held between 8th and 27th of February and it mainly focused on assisting international VIPs including ATPI, Netherlands and Road Trip Agency, Canada. Their main tasks were △ interpretation/translation △ protocol planning △schedule consulting support. (2nd, 3rd from the right) Han-Byul Kim (Business’14), Yoo-Jeong Lee (‘16) Ms. Yoo-Jeong Lee (Business’16), a participant of Road Trip Agency, commented “it was a physically demanding program, to be honest. But I am glad to have such rewarding experience in a sense that that I was able to be a part of the international event, and also to support my clients’ business meetings”. Ms. Lee added, “Through the program I learned the importance of building a network. It helped me a lot pursuing my goal as a health care/medical consultant”. PyeongChang 2018 Olympic Winter Game Internship Participant, Yoo-Jeong Lee (‘16) Another participant of internship at Road Trip Agency, Ms. Han-Byul Kim (Business’14) said “there has been quite a lot of concerns in Korea on this Olympic Game”. Ms. Kim continued, “However, as a participant I was very impressed by the way it was operated, with highly advanced facilities. I felt proud that the foreign press was quite happy about the operation in general as well”. (Front row) Jeong-Hyun Kim (Business’16) Meanwhile Ms. Jeong-Hyun Kim (Business’16) participated in ATPI Agency during the Olympics, who said it was meaningful for her to be able to engage in the global event held in South Korea. “My clients were Canadian Broadcasting Company (CBC) and Petro-Canada. By assisting my clients during the event, I learned that sponsorships by corporations greatly contribute to global events like the Olympics” Ms. Kim said. (1st from the left) Yoon-Jae Lee (Business ‘17) Likewise, Ms. Yoon-Jae Lee (Business ‘17) assisted Dutch and Canadian team at ATPI Agency. “Since it is such a rare opportunity, the Olympics held in South Korea. I was glad just being a part of the event” said Ms. Lee. “As a vice president of KUBS Global, I support overseas students’ life on campus. As an extension to that, this time I assisted visitors from overseas, introducing them to Korean culture and cuisine, which was very meaningful experience” she added. Mr. Chang-Hee Oh (Business’ 82), who organized the internship program, is a Vice Chairman of Sebang Travel (KC Tours) and the 9th Chairman of Korea Bobsleigh & Skeleton Federation.
“I Challenged Myself with Confidence” - Kyung Hwan Ahn (Business ’11) Passed CPA while Heading KU Cheerleading Squad
“I Challenged Myself with Confidence” Kyung Hwan Ahn (Business ’11) passed his CPA while heading KU Cheerleading Squad Q. Could you introduce yourself to our readers? My name is Kyung Hwan Ahn, captain of the cheerleading squad in KU. I passed the CPA whilst heading the cheerleading team. I was named captain in November 2016, and have been so ever since. Q. Why did you decide to take the CPA? I started preparation for the CPA when I was doing my military service. I entered the ROK armed forces in November 2013. When I was promoted to corporal I decided I wanted to make my service more meaningful. One of the seniors in the camp recommended doing the CPA and thus, my preparation began in June 2014. I continued on with my studies after being discharged and passed the first round of the CPA in February 2016. After deferral, I passed the second round in June 2017. Q. It must have been struggle preparing for the CPA in the army. How did you overcome the difficulties? Frankly, preparing for the CPA in the army was not an easy task. I was assigned to the front line, so it was even more difficult to make time for the exam. In the end, I left the army not having done much preparation. After discharge, I struggled with managing my schedule. To overcome this problem, I tried rewarding myself after having completed my daily goal. I like sports, so I would watch videos of match highlights at the end of the day. Q. I heard that the school helped with the preparation. I was motivated by the others who were preparing for the exam. Having study group sessions with other students was very constructive. We went through most of the materials that were covered in the first stage of the exams. Also, doing mock exams in “Jeongjincho,” a classroom dedicated to candidates preparing for the CPA, was hugely helpful. The business studies courses I took eased my understanding of the CPA materials. I remember taking Professor Seok Woo Jeong’s tax accounting and Professor Joon Young Shin’s intermediate accounting lectures. I often sought council from my advisory professor, Hyoung Koo Moon. Q. I heard that you are the captain of the cheerleading squad. What inspired you to do cheerleading? I was part of the cheerleading squad from 2011 to 2013. Having taken a gap year, I was impressed by the cheering events in the freshmen welcoming ceremony and orientation. Without a moment of hesitation I applied to the cheerleading squad. After my military service, I spent a year in the planning section of the club. When looking back at my time at school, I wanted to contribute to the team because I had gained so much from it. Thus, I applied for the captain position. Q. Was it not difficult managing your time between your studies and club activity? It was a struggle doing both cheerleading and studying. But it was beneficial as well because through cheering, I could relieve my stress that would build over academic work. It was tiring because I found myself running out of time often, but I persevered with the thought of my future career. Q. What do you remember the most during your time as the captain? I cannot forget the results of the annual KU-Yonsei sports competition. I used to imagine what it would be like if KU loses because I thought the disappointment would fall most heavily on the captain. But I was not sad at all when I saw the players who gave their hearts to the games and my fellow squad members. I always had the notion that winning is important, but that changed after the competition. Regardless of the results, every KU student came together to cheer for their teams and that, itself, was an invaluable experience. I would never forget the day when I stood in front of my 20,000 fellow students. Q. Could you tell us about your plans for the future? After this term, I am going on an exchange to Belgium. As the country is the center of transport in Europe, I hope to travel in various places in the continent. After graduation, I intend on working at an accounting firm and become the best accountant in Korea. Q. Could you give your KU students a word of advice? I believe I was able to become the captain and pass my CPA because of my confidence. Coming to KUBS allowed me to erect a life signpost. The confidence that derived from being accepted to KUBS naturally flowed into other aspects and helped me become the head of the cheerleading squad and do well on the CPA. I would encourage other students to be confident and have pride in their school life.
[Undergraduate Career Story] “I Thought About My Future after Attending Alumni Panel Talk, ‘Stories of Alumni’” - Dong Han Woo (Business '09)
Undergraduate Careery Story “I Thought About My Future after Attending Alumni Panel Talk, ‘Stories of Alumni’” Dong Han Woo (Business ’09) - Financial Supervisor Service Q. What are some of the activities that you have done as an undergraduate that helped you to get employed? I am a certified accountant and have worked in an accountant firm for a year, and have now moved to Financial Supervisor Service (FSS). I think my CPA background was the big factor that led me to this institution because the materials I learned during my preparation for the CPA were relevant to the entrance examination I took when applying for FSS. I was also a member of KULSOM for two years and I had gained a lot during my time there. As one of its executive members I encountered the good and the bad with my colleagues. This unique experience gave me a lot to talk about in my personal statement and interview when I was questioned on "resolving conflicts" as I could easily refer to my experiences in KULSOM. I think I found the topic easier than the other candidates did. Q. Why did you choose FSS? I too pondered on the question for a long time. In my first year when I took "Understanding management," I was impressed by the accountants’ role as the watchdogs of capital and their duty to the public good. But as you can see in the news, everything was different from what I had imagined; what I could contribute to the public was quite limited. I thought I could make more of an impact by implementing policies and bringing about changes by working in FSS and hence, I decided to work here. Q. Could you tell us about your work and the firm culture? I am working in the credit supervision department which oversees indebted business groups, evaluates credit risks and enforces credit extension. Because the official documents I publish are used in papers and as guidelines for financial institutions, I have a huge sense of responsibility over my work. The corporate culture differs by group but my office’s is reasonable. Most of the work is planned through meetings, and encourages contribution from every member of the team. Because it conducts public related businesses, it inevitably has a vertical hierarchy, but I think I enjoy a considerable degree of freedom. Q. Tell us how you prepared for applying to FSS. • Writing the personal statement There are many topics that need to be included in the personal statement. Trying to gain experiences relevant to each topic would require more than the four years we normally spend in college. Thankfully, my experience in KULSOM gave me lots to talk about under topics like "resolving conflict" and "worthwhile experiences." You do not have to spend the four years studying just for the sake of filling your personal statement with stories worth mentioning, so just get yourself involved in a variety of experiences and broaden your horizon. •Preparing for the written exam The written exam is very important in your application. The level of questions is easier than that of the CPA (people call it the 1.5th round) but you will inevitable run out of time. Personally, I think the exam mainly comes down to solving the basic problems as accurately as possible in a short amount of time. • Preparing for the interview After they announced the results of the written exam, I formed a group with the other candidates to prepare for the interview. For 5 days, we met everyday and read relevant articles to develop a sense of the overall work they do at FSS, and we conducted mock interviews. It was a short period, but the group sessions were very helpful for the actual interview. Q. Could you give some advice to those who want to work in similar fields? I think a lot of people consider working in financial public institution a dream job that provides stability and a good work-life balance. But they will be hugely disappointed if they apply only for these perks. I hope they reconsider what it means to work for the public good. I think this opportunity is the biggest merit of working in a financial public institution. I often attended career seminars, business school alumni panel talks and heard numerous vivid accounts of their work. They gave me opportunities to deeply reconsider my future. I encourage other students to attend these two events so they can hear their alumni’ real stories about their companies.