2019 KUBS Part-time MBA Admissions Open
2019 KUBS Part-time MBA Admissions Open Korea University Graduate School of Business (Dean Soo Young Kwon) is now accepting applications for 2019 part-time MBA. Admission is open for 3 part-time programs: △Korea MBA △Finance MBA △Executive MBA. An online application is available from September 27 (Thu), and closes on 5pm, October 26 (Fri). KUBS holds an information session for applicants on September 18 (Tue). Held from 7:30 pm, the information session will go through an overview of the Graduate School of Business and its programs. Participants will also be able to ask questions in the Q&A session. The information session will end with a campus tour. ▶ Click here to apply for the information session! KUBS’s widely renowned program, Korea MBA, is a part-time two-year program. The classes are held after working hours. The maximum number of students is 190 each year, who are admitted after a thorough screening process. Korea MBA at KUBS provides an intensive curriculum on eight academic areas: Human Resources/Organizational Behavior, International Business, Accounting, Marketing, LSOM, MIS, International Business, and Strategy. Korea MBA also offers a range of unique student networking events. (Inquiries: 02-3290-1360/5365) KUBS’s executive MBA is designed for executive managers with a minimum of 10 years’ experience. Executive MBA is a two-year weekend program taught on Fridays and Saturdays. The program provides exclusive educational environment including lecture rooms and a student lounge that are exclusively accessible for executive MBA students. Two program director professors and a program manager will support students on the overall enrollment and registration procedure. KUBS’s executive MBA is one of the best executive MBA programs in the world. In fact, the program ranked 20th globally in “The 2017 Executive MBA Ranking” released by Financial Times. The maximum number of students is 55. (Inquiries: 02-3290-2705) Finance MBA is a two-year part-time program which provides knowledge and skills specialized in finance. The curriculum can be divided as two parts, of which theoretical courses are taught by program directors, and practical courses are distinctively organized by experts in the field of asset management, financial engineering, and insurance. In addition, students will be able to learn most updated knowledge and skills by its information technology sessions on Python & R programming, and big data & machine learning. The maximum number of students is 35. (Inquiries: 02-3290-1308) The final admission outcome of Korea MBA and Finance MBA will be released on 7th of December (Fri) at 3 pm. The admission result of executive MBA will be out on November 16th (Fri) at 11 am.
KUBS Futurum 2018 Asia Tri-Lateral Seminar
KUBS Futurum 2018 Asia Tri-Lateral Seminar KUBS Futurum Session 2 With Business Administration Scholars in Korea∙China∙Japan Academic exchange for resolutions that firms are facing On September 11th (Tue), ‘KUBS Futurum 2018 Asia Tri-lateral Seminar’ was held at Hitotsubashi University in Tokyo, Japan. The seminar was co-hosted by three universities: Korea University Business School, Peking University HSBC Business School (PHBS), Hitotsubashi University Faculty of Commerce and Management. (From left) KUBS Dean Soo Young Kwon, PHBS Dean Wen Hai, Hitotsubashi University Faculty of Commerce and Management Dean Toyohiko Hachiya The Asia Tri-lateral Seminar is the second session of ‘KUBS Futurum’, which is held in the middle of every year. The topic of the seminar was ‘Korea, China, and Japan - Innovation and Management’. In the seminar, participants first attended presentations and had a discussion afterwards. The presentation session was run by three professors: Professor Cuifen Weng from PHBS, Professor Masaru Karube from Hitotsubashi University, and Professor Pyun, Ju Hyun from KUBS. Presentations were followed by an open discussion hosted by professor Insik Jeong from KUBS and professor Fanmin Kong from PHBS. In his presentation, professor Weng focused on ‘China’s Innovation Challenge’ where he highlighted institutional factors of Chinese firms’ innovation based on empirical analysis. Professor Weng argued that “According to the empirical analysis, the government’s constraints placed on business increase the probability of a business adopting an innovative strategy. On the other hand, legal and financial constraints on business are prone to lower the probability.” The second presentation by Professor Karube from Hitotsubashi University emphasized on ‘How audit companies deal with financial statement manipulation’ with an analysis of the Toshiba Accounting Scandal in 2015. Professor Karube explained that “specialized institutions have strict control over financial reporting for the quality assurance. Penalties may apply for the expert in charge in case of audit failures.” Professor Karube continued, “There are also few resolutions for intentional fraud or in case of a weak internal control. However, it is hard to exercise control to the periphery of the market or that of core organization.” Professor Pyun, Ju Hyun from KUBS had the final presentation in the seminar where he focused on ‘Does a falling real exchange rate increases R&D investment?’ with examples of Korean firms’ internal data sources. Professor Pyun argued that “Fluctuations of exchange rates do have an impact on the level of firm’s R&D investment. However, the level of impact varies depending on firms’ internal factors.” At the end of the seminar, KUBS Dean Soo Young Kwon commented that “The Asia Tri-lateral Seminar is an academic event that allows the three universities to exchange thoughts and discuss for resolutions that firms are facing. It is also an event that the three major universities in Asia take an academic initiative in academic advancement. Thank you for your cooperation and participation in the seminar, I look forward to upcoming events.”
KUBS, Top-Ranked Business School in ‘2018 University Rankings by Korea JoongAng Daily’
KUBS, Top-Ranked Business School in ‘2018 University Rankings by Korea JoongAng Daily’ In the ‘2018 University Rankings by Korea JoongAng Daily’, Korea University's business school (Dean Soo Young Kwon) topped the list with the highest score. The combined score of 14 indicators, including professors' research performance, learning environment, and student employment rates, was remarkably high. KUBS’s diverse support to faculty members’ research performance, the number of publications to international journals has been increasing. In fact, KUBS ranked the second highest in the amount of research funds per teaching staff, and ranked the third highest in the number of international publication per teaching staff which was 1.03 per teaching staff. Moreover, not to mention the alumni’s high employment rate, the rate of maintaining their employment status was also high. The statistics demonstrate employers’ preference towards KUBS alumni. On the other hand, another area that KUBS puts emphasis on is its startup institute. Established in September 2016, KUBS Startup Institute holds a startup competition every semester to select a new batch of startup teams. Admitted teams are provided their own offices as well as a variety of education sessions held throughout the year. The performance of the teams is outstanding as well. One of the third batch of the startup teams, ‘SOVS’ topped ranked No. 1 in app store paid applications and No. 1 in camera applications. More Articles (in Korean) [중앙일보] [2018 대학평가]남녀 취업률 분리해 반영, 저서·번역서 포함해 세부 평가 [중앙일보] [경영학]학생 스타트업 산실 고려대 … 글로벌 뱅커 키우는 이화여대 [중앙일보] [2018 대학평가]경희대 사회학과, 홍익대 국문학과 최상위
KUBS Startup Teams D&I PARVIS & SOVS Attended ‘2018 TIPS SUMMIT’
KUBS Startup Teams D&I PARVIS & SOVS Attended ‘2018 TIPS SUMMIT’ Startup teams at Korea University Business School’s Startup Institute, ‘D&I PARVIS’ and ‘SOVS’ attended ‘2018 TIPS SUMMIT’ event to share their startup stories. Both teams are the 3rd KUBS Startup Teams who were admitted in September 2016 and graduated in June 2017. First of all, D&I PARVIS is a big data and machine learning patent application business. CEO Sang-Joon Park started his business in 2017, after noticing that quite often people fail to develop their business ideas because of the complicated patent application procedure. Aiming at ‘the more advanced technology, the greater convenience to users’, D&I PARVIS pays attention to AI services that compare client’s ideas with existing technology. The service also identifies lack of material that is necessary for patent application procedure. On the other hand, SOVS is a mobile application development business established by co-CEO Su Young So, Jo-Eun Park. In 2017, they develop a mobile application for occasions when you want to request others to take pictures for you. SOVS app allows you to hold on to your preferred angle and background even when you ask others to take a picture for you. SOVS application reached no.1 in the most popular paid application chart as well as in the most popular camera application chart. See more articles (Korean)
Beginning of Semester Party for International Students
Beginning of Semester Party for International Students KUBS held a ‘Beginning of Semester Party for International Students’ on September 6th at Ahn Young Il Hall, LG-POSCO Building. Organized by the KUBS International Office, the event was designed to support our overseas students’ life on campus, meeting and networking with students from diverse backgrounds. Associate Dean Jae-Nam Lee and Professor Tony Garrett attended the event to welcome 200 international students. The event started with Professor Tony Garrett’s welcoming speech where he said, “At Korea University Business School, you will be able to experience the School’s structured curriculum. You will also study with outstanding students here at KUBS. Attend social events that we provide, I hope you make the most of campus life.” Then continuing students shared their stories of life at KUBS. Sang-Dae Oh (Business ‘17) gave a speech where he said “I have Korean citizenship but I was born and raised in Japan. I know what it is like living overseas. And I can say it was not easy at first because of language and cultural difference. But Korean friends of mine helped me settling in here. I am sure you will be able to go through any possible hardship and anxiety because there is always someone out there who is willing to help you.” The KUBS International Office offers programs including ‘KUBS Buddy’ and ‘KUBS Global’ to support overseas students’ life in general during their study in Korea.
Celebrating the 2nd Year of KUBS Startup Institute
Celebrating the 2nd Year of KUBS Startup Institute Korea University Business School’s Startup Institute (Director Hicheon Kim) celebrated its second year since establishment. They held a celebrating event on September 5th (Wed) at ‘The Stage’, Startup Institute, KUBS Main Building. A total of 36 KUBS faculty members attended the event to congratulate its second year. Director Hicheon Kim opened the event with his presentation on the Startup Institute’s △objective △structure △types of support △startup teams’ performance. In particular, Director Kim highlighted the fact that “Entrance to the Startup Institute is not restricted to Korea University students. Students enrolled in universities other than KU may also be a part of the Institute.” “I am convinced that KUBS Startup Institute will form a network that consists of prospective entrepreneurs.” Director Kim also asked the faculty members that “if any of your students are interested in a startup business, please let them contact us.” Professor Shijin Yoo, who is responsible for startup education programs at Seung Myung-Ho Center for Entrepreneurship Education, explained case studies of startup success: △Tal-ing △Hidden Track △D&I PARVIS△SOVS △B.SUNBI △Dreamary △Studio Link. Professor Yoo added that “So far we had 17 startup teams who continue their business projects.” “Not all of the business ideas seemed viable at first. However, we witnessed them made it possible as they progress. So we would really appreciate if all of you who attended this event today could encourage and support students’ startup ideas.” KUBS Startup Institute commenced on September 6, 2016, aiming at ‘A platform of entrepreneurship and innovation’. Prospective entrepreneurs from diverse backgrounds share their ideas and collaborate for their goals at Iljin Center for Startup Incubation and Seung Myung-Ho Center for Entrepreneurship Education. The Startup Institute conducts a range of lecture series, including ‘Lecture on Demand’, and they hold a demo day event ‘Choo Choo Day’ to encourage the teams’ social networking. KUBS Startup Institute opens ‘Startup Express’ as an open admission procedure to enter the institute. So far, KUBS Startup Institute had a total of 38 startup teams.
The 1st Insung Research Awards Ceremony
The 1st Insung Research Awards Implemented by Yoo Hui Sung's Donation, Research Support on KUBS Faculty Members Korea University Business School had the 1st Insung Research Awards Ceremony on September 5th, at Cuckoo Hall, LG-POSCO Building. The award goes to KUBS faculty with outstanding research performance. The awardees are four full-time academic staffs at the Business School, with the prize up to 30 million research fund. To be selected as an Insung Research Awards winner, △the academic staff must demonstrate an outstanding level of research which must be agreed in the academic circle of Business Administration △a research that potentially raises discussions for further researches △a research that can potentially be published in internationally renowned journals. The participants in the ceremony were approximately 20, including research fund donor Hui Sung Yoo (Commerce ‘58), Ki-Soon Park (Commerce ‘58), Dean Soo Young Kwon, Director of IBRE Johngseok Bae, Associate Dean Jong-Ho Lee, Executive Manager Young-Jin Choi, Vice President for Development and External Affairs Byung Hyun Yoo, and Vice President for Capital Planning Jang-Heon Chung. The ceremony started by Dean Soo Young Kwon’s welcoming speech, where he thanked Mr. Hui-Sung Yoo who financially supported the construction of Hyundai Motor Hall in 2011. Dean Kwon then briefly went through the implication of Insung Research Awards to the Business School. On top of SK and IBRE Awards, Insung Research Awards is another important award that has a large impact on faculty’s research planning. In addition, Dean Kwon encouraged the four awardees that “I hope you won’t forget that you are our proud first Insung Research Awards winners. I hope that the award will motivate your further researches. I am convinced that one day KUBS will be a platform for knowledge creation. Dean Kwon emphasized that “Once again, I would like to thank Mr. Hui-Sung Yoo, and thank you for our faculty member’s hard work.” Then Mr. Yoo replied to the Dean’s speech, where he said that “Ever since I admitted to Korea University Business School, I kept reminding myself that I am a proud KUBS student. And that lasts after my graduation as well. The donation is just a small part of repaying what the School did for me.” KUBS had a total of four awardees of the first Insung Research Awards: Professor Dongseop Lee (Management), Professor Chris Changwha Chung (International Business), Professor Kihoon Kim (LSOM), Professor Chung, Ji-Woong (Finance). >> Hui-Sung Yoo’s Donation History In fact, this is the third time Mr. Yoo made the contribution to Korea University. His first donation of one billion won was made in April 2011, which was used to finance the construction of Hyundai Motor Hall. In response to his donation, KUBS named one of the lecture rooms, Room B205, as ‘Yoo Hui Sung Lecture Room’ to appreciate his contribution. The second donation he made was in July 2015, a contribution of 1.2billion won to Korea University. It was the start of Insung Fund, which provided students with financial support. Insung Fund is used to minimizing students’ financial burden. In fact, not exclusive to the tuition fee, the scholarship was granted to students’ monthly living expenses as well as airfare for exchange students. Mr. Hui-Sung Yoo’s donation continues in September 2017 when he donated the property worth 2.5 billion won to the School. Of which, 200 million won was used to finance the Insung Research Awards implemented in 2018.
The 86th Advanced Management Program (AMP) Entrance Ceremony
The 86th Advanced Management Program (AMP) Entrance Ceremony Korea University Graduate School of Business had the entrance ceremony for the 86th Advanced Management Program (AMP) on September 3rd, 7 pm at Supex Hall, LG-POSCO building with 60 audiences. The audience consists of Dean Soo Young Kwon, Associate Dean Kyung Sam Park, president of AMP Alumni Association Young-Sik Kim, program director Sang Yong Kim, Associate Director Seung-Yeon Oh, and a total of 50 admitted candidates. Dean Soo Young Kwon welcomed the commencing candidates by saying “A ‘Leader’ must be a ‘Reader’.” “During your study at AMP, I guarantee that our Advanced Management Program will equip you with skills to be a ‘reader’. First off, obviously, you will be a book reader who reads a lot, a future reader who can predict and prepare for the future, and a number reader who interprets what statistic or financial statement indicates.” President of AMP Alumni Association, Young-Sik Kim also encouraged the candidates. “Congratulations on your admission to KUBS’s Advanced Management Program. I am sure your time at AMP will open up a new chapter of your professional life, as it did for me. You will also be able to experience the unique and strong network the AMP has.” Since its establishment in 1975, Korea University’s Advanced Management Program has built its strong alumni network that consists of experts from diverse fields. In addition, AMP is recognized for its exceptional faculty members.
KU Achieved the Highest Pass Rate on the 53rd CPA Examination
KU Achieved the Highest Pass Rate on the 53rd CPA Examination KUBS is proud to announce that Korea University students best performed on the final outcome of 2018 Certified Public Accountant (CPA) Examination (53rd). It is the top result for the 7th consecutive years, demonstrating that Korea University offering the best education program for CPA applicants. An analysis report by 『The Law Journal』 showed that among shortlisted applicants who passed the final round of the CPA exam, 114 were Korea University students. It is the highest pass rate among universities in South Korea for the 7th consecutive years. The second place went to Yonsei University (86), and the third went to Sungkyunkwan University (72) which was the second place winner last year. Chung-Ang University and Seoul National University had 68 and 65 shortlisted applicants respectively. Since 2016, in particular, Korea University has been recognized its strength in CPA exam preparation. The University demonstrates an outstanding performance on the CPA exam with a huge gap from the second place winner. Korea University’s unique program made it possible to support students’ performance on the CPA exam. In fact, KUBS’s CPA prep program ‘Jeongjincho (精進礎, Advisor=Professor Han Sang Yi)’ offers lectures on accounting, and social events with alumni who are current CPAs. Financial Supervisory Service and Financial Services Commission reported that the total number of shortlisted CPA applicants this year is 904. Article (in Korean) ※ Please click below to read the relevant article. ▶[법률저널] 2018년 공인회계사시험, 고려대 1위…3연승 달성
[Interview with Professor Joonmahn Lee] The Winner of the 1st Prospective Scholar’s Awards by MBN∙AKMS
[Interview with Professor Joonmahn Lee] The Winner of the 1st Prospective Scholar’s Awards by MBN∙AKMS Professor Joonmahn Lee is the winner of ‘Prospective Scholar’s Awards’ by Maeil Business Newspaper (MBN)∙Association of Korean Management Scholars (AKMS). Professor Lee published four journals in the world-renowned publications including ‘Strategic Management Journal’ and ‘Organization Science’. Based on the academic performance, Professor Lee had a unanimous vote from the award committee. 『KUBS News』 met Professor Lee for an interview on his award. Q. Could you please introduce yourself to us? I’m Professor Joonmahn Lee. I did my Ph.D. at Wharton School of the University of Pennsylvania for five years since 2007, majoring in Corporate Strategy and Entrepreneurship. Then I was teaching at Purdue University, Indiana, the U.S. until early August 2018, during which I got appointed at Korea University. I am appointed as a professor at Korea University from September 1st. Q. Do you have any areas of academic interest that you would like to concentrate on? Yes, of course I am interested in business studies in general, but I have three areas that I would like to deeply focus on: ‘Research on entrepreneurship’, ‘Research on technological innovation’, and ‘Business ecosystem’. Q. What do you think that contributed to the publication of your journals in the renowned ‘Strategic Management Journal’ and ‘Organization Science’? It is the time and effort I put, for sure, but I was lucky. I put an incredible amount of time in my research. My supervisor taught me how to choose the most accurate terminology when writing a thesis. I am also very grateful that my papers were also edited by an incredible editor who gave me constructive feedback and advice on my writing. Q. You won the ‘Prospective Scholar’s Awards’ by Maeil Business Newspaper (MBN)∙Association of Korean Management Scholars (AKMS). How do you feel? ‘Prospective Scholar’s Awards’ goes to professors with less than six years of experience. I consider myself lucky because it is my sixth year. I also attended as many conferences as possible, which I think the award committee gave extra credit. Q. What did you think was most challenging part when working on your research? Two things. The writing itself and being obsessed with finding the “right” answer. The thing about education in Korea is that it puts a big emphasis on the acquisition of knowledge, meanwhile it underestimates the importance of having own ideas towards an issue or expressing one’s thoughts in a written form. I can say that for sure, as a Korean who went through years of education in Korea. As an overseas student, learning in a different environment in the U.S. was not easy. I was doing fine with knowledge acquisition such as exam preparation, but when it comes to writing assessments, I was struggling. Also, in Korea, they ask you to learn the “right” answer without raising questions. I do not agree with the statement that a class that ends with a conclusion is an effective method of teaching. My learning experience in the U.S. has taught me that in fact, being open to other thoughts are highly important. It is important for each of us to acknowledge that our own ideas and thoughts can sometimes be wrong. When I was first writing my thesis it was not easy to embrace criticism by those who review my work including editors. I guess given my learning experience in Korea, I did not know how to deal with criticism in academia. But I got used to it as I go. While working on my thesis, of course my writing skills are improved, and more importantly I learned how to absorb and be open to criticism. Q. What are your goals as a researcher and professor at the University? I am hoping to focus on writing, especially I would like to write a book. Not a thesis or research paper, but books for a general audience that even readers with less knowledge on business studies can relate to. My goal is to assemble what I learned from my researches and write a book that every reader can relate to their everyday life. Q. Could you please give us a last word of advice to the readers? I am planning to make my lectures an open class, where students are free to suggest their ideas. To do so, I will throw a lot of open questions so that students can investigate important issues. How a corporate makes a decision is not about right or wrong, but it is all about the economic value. That is why I would like to highlight the importance of the open attitude towards others’ thoughts. Of course, it can be a challenging class, but I will make sure that students find it rewarding at the end of the semester. See Articles (in Korean) ※ 제목을 클릭하면 기사 원문을 확인하실 수 있습니다. [매일경제] 매경·AKMS 젊은 경영학자상, 이준만 고대 교수 [매일경제] "美경영학계 화두는 기업가정신…창업자가 혁신 이끈다"
Eight Months of Hard Work, Executive MBA’s ELITE Project Presentation
Eight Months of Hard Work Executive MBA’s ELITE Project Presentation On the 18th of August, Executive MBA (E-MBA) at Korea University Graduate School of Business had a project presentation ‘ELITE (Executive Learning and Interactive Team Exercise)’ at Room 432, LG-POSCO Building. The faculty participants were Program Director Professor Weon Sang Yoo, Jae Uk Chun, Professor Shijin Yoo. Managers from businesses △FMASSOCIATES △UPLEAT △NANOCMS also attended the event to hear the groups’ presentation. A total of six groups presented their projects to approximately 80 audiences. Each group had a 40 minutes’ length presentation where they discussed the topics they focused on. More specifically, the groups demonstrated their research topics on △suggestion on NANOCMS business expansion strategy – rising business in the security/nanomaterial industry △market entry strategy for BAU MEO (For healthy pet food) △B2C market entry strategy for PPM △Home Peel (Peel, Feel, Fill) △Blockchain based cancer information platform ‘Block Quantum Holdings’ △disruptive innovation of social sales share platform. The six ELITE projects have been conducted for eight months since December 2017. Prior to the presentations, Program Director Professor Jae Uk Chun had his opening address by saying “It is a big day for the six groups, where they present and assess the feasibility of their comprehensive work combining what they have learned during the last three semesters as well as their practical knowledge.” Professor Chun continued, “I am worried that it will be a tough decision to make, given that I know all of the teams’ works are remarkable. Nevertheless, I hope many of you will find this event productive, by getting useful evaluations from each other.” President of E-MBA Alumni Association Seung-Hyun Lee also added that “I hope you maintain your hard work on the projects even after this event. The topics you brought sound highly feasible.” ‘E-MBA ELITE Project’ is one of the KUBS’s unique curriculum, where candidates look for business case studies, conduct an analysis and suggest resolutions. Afterward, they present the resolutions to the managers at the companies and work together with them. During the semester, candidates investigate deeply into practical issues of business with regard to the social change. The ELITE project aims at educating candidates with independent decision making skills, as well as sharing their ideas with other candidates during the presentation event.
Every End Has a New Beginning - Commencement Ceremony for 2017 Fall MBA
Every End Has a New Beginning Commencement Ceremony for 2017 Fall MBA On the 17th of August, Korea University Graduate School of Business (Dean Soo Young Kwon) held the commencement ceremony for 2017 Fall MBA programs. The commencement ceremony was held at SUPEX Hall LG-POSCO Building where KUBS faculty including Dean Soo Young Kwon, Associate Dean Kyung Sam Park attended to congratulate the graduands. With their graduation gown and cap, the graduands filled the auditorium. The School had a total of 69 MBA graduates of Fall 2017 from △Global MBA △Executive MBA △Korea MBA. The ceremony started with a welcoming address, followed by the oath of allegiance to the nation. Associate Dean Park then briefly went through the School’s academic achievements. Associate Dean Park said “KUBS is ranked as Korea’s best business school for the sixth consecutive year in the rankings released by the Korea Economic Daily Business. Since its establishment in 1963, Korea University Business School demonstrates its academic excellence in teaching and research.” Dean Kwon had his commencement address, where he said “I can imagine each and all of the graduates had to overcome obstacles to be here. Congratulations to you for the hard work and many accomplishments that have brought to you to this day.” Dean Kwon also encouraged the graduates that “Each and every one of you is a leader who will investigate the issues we are facing, such as low growth and uncertainty in the Fourth Industrial Revolution.” He added, “Korea University Business School will continue making our efforts to absorb the changes in the society, and yet uphold our mission to provide the best education possible.” After the Dean’s address, diplomas were conferred to the graduands. Special awards were presented in the ceremony as well. The recipients of the awards were △KU President Award of Distinction: Hye-Yeon Lee (Global MBA) △KUBS Dean’s Award of Distinction: Mohit S Gill (Global MBA) △Achievement Award by Student Association: Soon-Ho Kwon, Patrick Drejerczak, Miguel Periera (Global MBA). △ Achievement Award by Alumni Association: Joseph Jae Ahn. The ceremony ends with the university anthem singing and graduation cap throwing tradition. The audience was able to see the graduates’ excitement through their loud anthem singing. The graduates threw the cap, congratulating each other’s commencement. The School had 69 graduates in total, which consists of △60 Global MBA graduates △1 Executive MBA graduate and △8 from Korea MBA.
Completion Ceremony Held for the 85th KUBS Advanced Management Program (AMP)
Completion Ceremony Held for the 85th KUBS Advanced Management Program (AMP) On August 13th, Korea University Graduate School of Business had a completion ceremony for the 85th Advanced Management Program (AMP) at SUPEX Hall, LG-POSCO Building. A total of 62 completed candidates attended the ceremony. Dean Soo Young Kwon, Associate Dean Kyung Sam Park, President of AMP Alumni Association Young-Sik Kim, Program Director Sang Yong Kim, Associate Program Director Seung Yeon Oh also participated in the ceremony to congratulate the candidates. Dean Kwon said “We have 17 awardees who receive the Perfect Attendance Award today, which is the highest record so far. It must have been hard for you to come to every class especially given the weather condition. Congratulations to you all.” Dean Kwon continued, “Please give a round of applause to Associate Dean Kyung Sam Park, Program Director Sang Yong Kim, Associate Program Director Seung Yeon Oh, President of AMP Alumni Association Young-Sik Kim, who were always willing to support you.” President of AMP Alumni Association Young-Sik Kim had his congratulatory speech, where he said “All your hard work has made its reputation as the best and strongest AMP. I hope the network we built during the program will last for another 10 or 20 years. Give each other the benefit of the doubt; I think it is important in maintaining relationships.” President of the 85th AMP Association, Young-Bong Song, replied that “I would like to thank the seniors at the Alumni Association who gave encouraged and gave advice to us. During the program, I was impressed by the strong network AMP has. Also, on behalf of all AMP candidates, I would like to thank the family and loved ones to support us during the program.” Korea University Business School’s Advanced Management Program was established in 1975. It is the first AMP in Korea, which has 4,605 cumulative number of completed candidates as of August 2018.
KUBS Scholarship Donation by Oh-Gil Choi (Business ’61), Chairman of INFAC Corp.
KUBS Scholarship Donation by Oh-Gil Choi (Business ’61), Chairman of INFAC Corp. KUBS has been received a three-thousand-won donation by Chairman of INFAC Corp., Oh-Gil Choi. The contribution will be used to finance ‘KUBS Dream Scholarship’ that will assist the beneficiaries’ living expenses during their study. KUBS Dream Scholarship aims to support students whose tuition fee is covered by the Korean Government Scholarship and yet have difficulties continuing their study due to financial concerns such as living expenses. This monthly scholarship was first implemented in 2015, and it is made up of contributions by KUBS alumni. The cumulative amount of the scholarship so far is 2.4 billion won, with its cumulative beneficiaries of 161. Mr. Choi commented, “I hope the scholarship will resolve financial concerns that my brilliant junior students may have. I wish students could focus on their studies as much as possible.” In fact, it is not the first time Mr. Choi made contributions to Korea University. The total amount of his donation to KUBS adds up to 1.5 hundred million won. Furthermore, he donated 40 million won to Korea University. Not surprisingly, Mr. Choi also organized a variety of social contribution activities such as volunteer at social welfare organizations and free distribution of briquettes. INFAC is an automotive part manufacturing company that is renowned for its GPS antenna. In addition to its largest market share of GPS antenna in the world, it is a trusted company with outstanding technology and quality management.
KUBS Alumni, the Largest Ratio Among Korea’s Top 100 Company CEOs
KUBS Alumni, the Largest Ratio Among Korea’s Top 100 Company CEOs Korea University Business School (Dean Soo Young Kwon) is proud to announce that KUBS turned out to has the largest ratio of alumni among current CEOs at 100 most influential companies in Korea, compared to other faculties at Korean universities. The statistics is a part of the CEO evaluation section from ‘2018 Analysis and Evaluation of Korea’s Top 100 CEO & Business’ released by the Korea Economic Daily Business. In particular, KUBS achieved the top rank as a single faculty for two years in a row, affirming its position as the best business school in Korea. According to the statistics, there are a total of 27 out of 100 CEOs who were majoring in business administration during their bachelor’s degree studies. Among the 27, seven are KUBS alumni and it is the largest proportion as a single faculty at Korean universities. The number of business bachelor’s graduates from Seoul National University came after KUBS with four alumni out of 100. Sungkyunkwan University and Yonsei University had the next best rankings with three and two alumni each. The list of seven KUBS alumni who are current CEOs at 100 best companies in Korea are △Cheol Young Lee; Vice Chairman & CEO of Hyundai Marine & Fire Insurance (Business ’71) △In-Young Lee; President and CEO of Hanon Systems (Business ‘76) △Dae Cheol KIM; CEO of Hyundai Development Company (Business ‘77) △Young Ho Lee; President & CEO of Samsung C&T Corporation, Engineering & Construction Group (Business ‘78) △Sang Shin Pak; CEO of Daelim Industrial Co., Ltd (Business ‘81) △Jung Ho Park; President & CEO of SK Telecom (Business ‘82) △Shin-Ho Kang; Co-Representative Director of CJ Cheiljedang Corporation (Business ‘81). Followed by the largest number of CEOs at the top 100 companies being business graduates, the next most frequent undergraduate majors the CEOs studied were △Chemical Engineering (6) △Law (5) △English Literature (5) △Electronic Engineering (5) △Economics (4) △public administration (4). Dean Soo Young Kwon commented, “I am very proud of the result. The ranking demonstrates KUBS’s position as the best business school in Korea. I assure you that KUBS will maintain our position by educating our students to be the future business leaders.” (Picture by the Korea Economic Daily Business) See more articles (Korean) 한경비즈니스 제1177호 <2018 대한민국 100대 CEO&기업>
‘The 7th KUBS Teen Mentoring Day’ for Future KUBS Students
‘The 7th KUBS Teen Mentoring Day’ for Future KUBS Students Special Sessions including Business Administration Lecture, Workshop and Mentoring Participants of 80 High School Students in Korea On July 28th, KUBS opened ‘The 7th KUBS Teen Mentoring Day’ for future KUBS students. Organized and hosted by KUBS Student Ambassador ‘KUBE’, the Teen Mentoring Day event invites second year high school students in Korea. After a competitive document screening process, a total of 83 students were shortlisted as the participants. KUBS Associate Dean Jaehwan Kim welcomed the participants by saying, “Welcome, everyone. It is nice to see your enthusiastic and confident looks. I hope to see you again after a couple of years on campus.” The Teen Mentoring Day event is designed for high school students who are interested in business administration. The event provides a special lecture and workshop on business administration for the participants’ deeper understanding in the area of study. Professor Joon Ho Hwang held a special lecture ‘A Brief Overview of Business Administration’ where he focused on the specialized areas in business administration. Professor Hwang gave an insightful advice for the audience’s career planning as well. After the special lecture, the event proceeded with △KUBS campus life and an overview of seven majors in business administration △Campus tour △Business administration workshop △Mentoring session with KUBS students. One of the participants, Dam-Hyun Roh (Beomeo High School, 2nd year) commented, “I was really hoping to be a part of the mentoring day event. I am glad that I came to KUBS today. I had such a great time asking questions I had about my future study.” KUBS will hold the Teen Mentoring Day event each summer and winter vacation for high school students who would like to study business administration. Won-Bin Kim (Business ‘14), one of the KUBE student who organized the event, said “The high school students looked quite happy, learning more about business administration. It was nice to see them enjoying the mentoring session. I look forward to the next events.” ‘The 8th KUBS Teen Mentoring Day’ will be held during the winter vacation. Participation is completely free for all participants.
Business Administration and Management at Korea University Ranked as the Top by China’s Academic Ranking of World Universities among Universities in Korea
Business Administration and Management at Korea University Ranked as the Top by China’s Academic Ranking of World Universities among Universities in Korea KUBS is proud to announce that Korea University is ranked as the top among universities in Korea by Shanghai Ranking Consultancy’s Academic Ranking of World Universities (ARWU) in the subject of business administration. Business administration at Korea University is ranked in the top 101st-150th in the world. Among universities in South Korea, KAIST came in second after Korea University, placing on the top 151st-200th worldwide. Seoul National University, Sogang University, Sungkyunkwan University and Yonsei University achieved the top 201st-300th global rank. In the subject of business administration, the top place went to the University of Pennsylvania, followed by Harvard University, Northwestern University, Pennsylvania State University-University Park in the U.S., and Erasmus University Rotterdam, in the Netherlands. Full ranking by subject - Business Administration Shanghai Ranking Consultancy has been annually releasing the ARWU of 500 best universities out of 1,200 universities in the world. The ARWU is known for its most objective methodology, applying quantitative indicators 100% to assess the institution’s research performance. Shanghai Ranking Consultancy has been releasing the university ranking since 2003, which was at first to compare the academic performance among universities in China. The ranking then grew to a world university ranking with the evaluation of 1,200 institutions. The ARWU by subjects is determined by △the number of papers (‘article’ type) authored by an institution during 2012-2016 (150) △the number of papers published in Top Journals during the five years (100) △academic performance of the relevant department in comparison to institutions in the world (50) △the level of collaborative work with institutions in other countries (10) △the number of a significant award in the subject area. In the Shanghai Ranking’s Global Ranking of Academic Subjects 2018, Korea University has ranked first also in Management among universities in Korea and placed on the 101st-150th globally. Seoul National University and Yonsei University came in second and are ranked in the top 151st-200th worldwide. KAIST and Sungkyunkwan University achieved the top 201st-300th rank, followed by Hanyang University’s 301st-400th rank among universities in the world for management. Full ranking by subject - Management In terms of the university’s overall performance, Korea University placed on the top 201st-300th in the 2017’s ARWU. The ranking demonstrates the University’s improved performance each year.
‘2018 E-MBA Junior SMART Camp’ for E-MBA Students and Alumni’s Children
‘2018 E-MBA Junior SMART Camp’ for E-MBA Students and Alumni’s Children Participants of 30 E-MBA Students and Alumni’s Teenaged Children … △Business Administration Special Lectures △Campus Tour Korea University Graduate School of Business (Dean Soo Young Kwon)’s Executive MBA (E-MBA) held ‘E-MBA Junior SMART Camp’ on July 21st, Saturday, at LG-POSCO Building Room 531. The Camp is designed for middle school and high school students who are interested in business administration, inviting 30 teenaged children of E-MBA students and alumni. The event started with △an introduction of KUBS and seven majors in business administration △campus tour with mission game △group exercise - planning my campus life △special lecture by professor Weon Sang Yoo △special lecture by professor Jae Uk Chun. Program director professor Weon Sang Yoo and professor Jae Uk Chun first gave welcoming remarks to the audience, where professor Yoo said, “Thank you for your participation in such a hot weather. I hope you find this event meaningful, on the campus your parents spent time studying.” KUBS student ambassador KUBE then introduced the Business School and seven majors in business administration. KUBE and the participants then took a campus tour. The participants also had a mission game in which they were asked to take ‘a picture of passion’ in front of KUBS Main Building. The participants then had a group exercise ‘planning my campus life’ where they matched key campus events such as Ko-Yon Jeon and Seok-Top Festival in chronological order. They also had a group mentoring activities to ask questions on campus life and share their thoughts and concerns on their career planning. The first special lecture ‘Business Management and Marketing’ was held by Professor Weon Sang Yoo. Professor Yoo went through a brief overview of business operations, business administration and marketing. He had a Q&A session to consult participants about their career planning. Professor Jae Uk Chun then had a second special lecture ‘Business Management and People’ where he focused on the internal and external operation of the business. Professor Chun △ask yourself about the rationale for your long-term goal △set short-term goals accordingly △be a doer and boost your ego to achieve your goal. The Camp ended with a small completion ceremony for participating the 2018 E-MBA Junior SMART Camp. The participants then took a group photo. One of the KUBE student ambassador, Ho-Joong Lee (Business ’15) commented, “I would like to thank my mentee, s(he) is a middle school student and it was impressive how my mentee showed the great interest in campus life already.” “I hope the participants would be able to have a concrete idea on campus life as well as on their career planning.” See more pictures of E-MBA Junior SMART Camp
KUBS Meeting with Renmin Business School, Renmin University of China for Collaborative Work on Case Studies
KUBS Meeting with Renmin Business School, Renmin University of China for Collaborative Work on Case Studies On July 17th, Korea University Business School (Dean Soo Young Kwon) had a meeting with Renmin Business School at Renmin University of China to discuss cooperative work on case studies. The meeting was held at Renmin University of China, where a total of nine professors at KUBS and four professors at Renmin University of China attended. The participants were Dean Soo Young Kwon, Director of IBRE Chan Su Park, Professor Doo-Hee Lee (former dean at KUBS) from KUBS, and Associate Dean Kangtao Ye, Associate Dean Hua Song, former Dean Zhihong Yi, Director of Research Center for Management Cases and Teaching Innovations Jingyue Xu. In the meeting, KUBS and Renmin Business School discussed the shared access to Chinese companies’ case studies, publication of Korean businesses’ case studies translated in Chinese, and collaborative work on new case studies. Renmin University of China puts emphasis on developing new case studies of diverse areas of study. Renmin University of China runs Chinese Center for Social Science Cases (CCSSC), and each department at the university operates own case center. The number of case studies owned by Renmin Business School is over 300, inclusive of publications in Chinese and English. Back in the early 2000s, KUBS’s Institute of Business Research and Education (IBRE) raised fund for research and academic cooperation with Renmin University of China. The meeting held in 17th will also be a big step for further academic exchanges between the two universities. Prior to the meeting, the KUBS professors visited Didi Chuxing, China’s top ride-sharing company, to hear a brief business presentation and have a consultation with Vice President of Department of Finance, Law and Sales Fu Maggie. The consultation was mainly on Didi Chuxing’s business strategy of entering the overseas market, and strategy for new technologies such as smart traffic light.
Astronergy Solar Korea Co., Ltd. CEO Chang Jyh Ping (Business ‘79), Donation of 500 Million Won to KUBS
Astronergy Solar Korea Co., Ltd. CEO Chang Jyh Ping (Business ‘79), Donation of 500 Million Won to KUBS Chang Jyh Ping, CEO of Astronergy Solar Korea Co., Ltd. , donated 500 million won to finance scholarship at KUBS. Mr. Chang is a KUBS alumnus from entering class of 79 and the donation ceremony was held at KU Main Hall on July 10. (From the left) KUBS Dean Soo Young Kwon, Chang Jyh Ping (Business’79), KU President Jaeho Yeom, Vice President for Development and External Affairs (Professor Byung Hyun Yoo) (Picture by Communication Team) At the donation ceremony, Mr. Chang Jyh Ping commented, “I am committed to corporate social responsibility. And I thought the donation to KUBS would be meaningful to support my junior students at KUBS.” KU President Jaeho Yeom replied “Thank you for your thoughtful contribution for KUBS students,” “I will make sure the contribution will be used to support future leaders at KUBS.” Mr. Chang started his career at Sammi Development Project Division in 1983, then he served as a president of Kolon Global Corp.’s Hong Kong affiliated company. In 2009, he established Astronergy Solar Korea Co., Ltd. and was appointed as CEO. Since 2015 he was also appointed as an adjunct professor and a member of the advisory committee at the Business School. Mr. Chang is the president of the 84th KUBS AMP Alumni Association. CEO Chang Jyh Ping cares about corporate social responsibility and continues his thoughtful contributions inside and outside of Korea. Examples include the donation to musical theatre ‘Town Musicians of Bremen’ for children from low-income households, and donation to ‘Hongcheon Hae Mil School’, a multicultural alternative school, for the installation of photovoltaic power generation facilities. Moreover, Mr. Chang organized an energy welfare project, ‘Sunlight, Happiness, and Sharing’ with Gangwon-do Province’s Korea Energy Agency. He made a donation for Fiji Natural Disaster Rehabilitation and another donation of ten thousand briquettes to the underprivileged. See more articles (Korean) ※ 제목을 클릭하면 기사 원문을 확인하실 수 있습니다. [연합뉴스] 장치평(경영79) 아스트로너지쏠라코리아 대표, 고려대에 5억원 기부 [연합포토뉴스] 장치평 아스트로너지쏠라코리아 대표, 고려대에 5억원 쾌척 [세계일보] 태양처럼 뜨거운 고대사랑…장학금 5억 기부 [한겨레] 11일 동정 [매일일보] 장치평 아스트로너지쏠라코리아 대표이사, 고려대 경영대학 장학금 5억원 기부 [베리타스알파] 장치평 아스트로너지쏠라코리아 대표이사, 고려대 장학금 기부 [대학저널] 고려대, 장치평 아스트로너지쏠라코리아 대표로부터 5억 원 기부받아 [천지일보] 장치평 아스트로너지쏠라코리아 대표이사, 고려대에 장학금 5억 기부
Korea University Graduate School of Business Hosted ‘2018 Global Immersion Program for Fudan University’
Korea University Graduate School of Business Hosted ‘2018 Global Immersion Program for Fudan University’ Held for Five Days from July 23 (Mon), With Participants of 26 MBA Students at Fudan University Korea University Graduate Business School of Business (Dean=Soo Young Kwon) announced that the Graduate School will be hosting ‘2018 Global Immersion Program for Fudan University’ for MBA students at Fudan University, Shanghai, China. The program will be held for five days from 23rd to 27th of July (Mon-Fri). The program is held for the third time since 2015, and the participants will be able to attend lectures at Korea University and participate in company visits in South Korea. This year, participants will be able to attend special lectures at the Graduate School of Business by △Professor Mannsoo Shin △Professor Janghyuk Lee △Professor Jungbien Moon. In addition, participants will also be able to visit △Amore Pacific Story Garden △Samsung d’light △Hyundai Motor Studio Goyang △SM Town Museum. The program also offers a campus tour to the participants from Fudan University as well. Dean Soo Young Kwon added, “the idea of this program is to allow the participants to as much experience on campus in a given period of time. I hope the program will be a great step to continue academic exchanges with Fudan University”.
Fall 2017 Seok-top Teaching Awards Winners – 9 Professors from KUBS
Fall 2017 Seok-top Teaching Awards Winners – 9 Professors from KUBS (From the top left: Professor Byung Cho Kim, Professor Sang Yong Kim, Professor Kim, Woochan, Professor Jungbien Moon, Professor SOHN, BUMJEAN, Professor Weon Sang Yoo, Professor Chris Changwha Chung, Professor Wooseok Choi, Professor Joon Ho Hwang) The Business School is proud to inform you that nine Korea University Business School (KUBS) faculty members have been selected as the winners of the Fall 2017 Seok-top Teaching Award. The winners are △Professor Byung Cho Kim △Professor Sang Yong Kim △Professor Kim, Woochan △Professor Jungbien Moon △Professor SOHN, BUMJEAN and △Professor Weon Sang Yoo △Professor Chris Changwha Chung △Professor Wooseok Choi △Professor Joon Ho Hwang (in the order of the Korean alphabet). Their winning courses are △Introduction to Operations Management (English) by Professor Byung Cho Kim △Marketing Management by Professor Sang Yong Kim △Corporate Governance (Eng.) by Professor Kim, Woochan △Social Entrepreneurship by Professor Jungbien Moon △Investments (Eng.) by Professor SOHN, BUMJEAN and △ Marketing Management (Eng.) by Professor Weon Sang Yoo △International Business (Eng.) by Professor Chris Changwha Chung △Intermediate AccountingⅠ by Professor Wooseok Choi △Corporate Finance (Eng.) & Financial Management (Eng.) by Professor Joon Ho Hwang. The Seok-top Teaching Awards commenced from Spring 2004 as part of the ‘Teaching Performance Incentive System’. The idea is to improve the quality of teaching for our students and to provide a better educational environment. The winners are selected based on overall scores evaluated by students via a course evaluation survey held at the end of each semester. The awards go to full-time professors whose courses are listed on the top 5% of each category (Major courses: top 5% result among each school’s total major courses; Elective courses: top 5% result among the University’s total elective courses; Courses in English: top 5% result among the relevant division’s total courses). In addition, 19 courses at the Business School taught by 17 full-time professors were also awarded the Teaching Excellence Awards. The criteria of the Teaching Excellence Awards include the recognition as the highest 20% of each division each semester.
Insung Research Award Implemented by Yoo Hui Sung Donation
Insung Research Award Implemented by Yoo Hui Sung Donation Korea University Business School is proud to announce that ‘Insung Research Award’ has been implemented. The source of research fund has been donated by KUBS alumni Mr. Yoo Hui Sung (Commerce ‘58), and the fund will be awarded to KUBS professors with outstanding research performance. The awardees will be four full-time academic staffs at the Business School, with a prize of up to 30 million research fund. To be selected as an Insung Research Award winner, △the academic staff must demonstrate an outstanding level of research which must be agreed in the academic circle of Business Administration △a research that potentially raises discussions for further researches △a research that can potentially be published in internationally renowned journals. Insung Research Award will be financed by 200 million won of Insung Research Fund, which is part of the amount Mr. Yoo Hui Sung contributed to the School after the disposal of property worth 2.2 billion won. In fact, this is the third time Mr. Yoo made the contribution to Korea University. His first donation of one billion won was made in April 2011, which was used to finance the construction of Hyundai Motor Hall. In response to his donation, KUBS named one of the lecture rooms, Room B205, as ‘Yoo Hui Sung Lecture Room’ to appreciate his contribution. The second donation he made was in July 2015, a contribution of 1.2billion won to Korea University. It was the start of Insung Fund, which provided students with financial support. Insung Fund is used to minimizing students’ financial burden. In fact, not exclusive to the tuition fee, the scholarship was granted to students’ monthly living expenses as well as airfare for exchange students. Yoo Hui Sung used an analogy between money to sea. “You know how they say you will not be able to relief thirst even if you drink all of the seawater, I think that applies to the use of money. In terms of money, you will never be satisfied – as you get richer, the ‘thirst’ gets stronger. So I figured, I need to make contributions when I can, so I will not regret when I look back.”
Franklin Templeton Investments CEO Yong-Bae Jeon, ‘CEO Talk’ for Full-Time MBA Students
‘CEO Talk’ for Full-Time MBA Students - Franklin Templeton Investments CEO Yong-Bae Jeon “Ensure to Be Familiar with Emerging Trend in the World Finance” On June 14th, KUBS opened a ‘CEO Talk’ lecture for our full-time enrolled MBA students at Hyundai Motor Hall, Room 403. The guest speaker was Mr. Yong-Bae Jeon, CEO at Franklin Templeton Investments. In his lecture ‘Global Trend and Leadership’, Mr. Jeon particularly focused on △Global Trend: World’s Leaders △Global Trend: Technological Revolution and FinTech △Leadership: Authority on the Investment. Mr. Yong-Bae Jeon first pointed out that in understanding the rapidly changing trend in the world, it is important to pay attention to the world’s key leaders. “In particular, keep up with the updates on the political and diplomatic initiatives of the major trade countries: the U.S., China, Russia, and Japan.” He continued, “the aggregate market value tells you a business’s profit as well as its profit. The aggregate market value is a very important index that indicates the world trend.” Mr. Jeon explained his point by presenting aggregate market values of Apple, Amazon, Alibaba, Ten Cents. Mr. Yong-Bae Jeon highlighted the disruptive technology as an example of the importance of aggregate market value. Disruptive technology refers to a new technology that potentially opens up a new era in the industry and takes a large part of the market. He explained, “A good example can be Uber; up until the 2000s, no one came up to the business idea of the riding sharing service. Who knows what kind of technological developments we will encounter in the 2020s.” He suggested Cloud Computing, IoT, and E-Commerce as the three main technological developments. In particular, Mr. Jeon said “The one-day sales of Alibaba on the Chinese Black Friday was 28 trillion won. It indicates the potential of the e-commerce market, and I think Amazon and Alibaba will lead the market growth.” On the other hand, Mr. Jeon emphasized the importance of FinTech. He explained that largest part of unicorn startup companies is FinTech companies. He suggested an example of blockchain as the innovative application of FinTech. “Blockchain is highly disruptive and innovative technology. I highly recommend you to be familiar with it, because it will be one of the economy’s leading force in the future,” he added. Mr. Yong-Bae Jeon concluded his CEO Talk by suggesting an ideal attitude on investment by referring to Warren Buffet and Rupert Johnson, the founder of Franklin Templeton Investments. Mr. Jeon first explained the two rules of thumb on investment by Warren Buffet. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” “Always be careful not to lose money; no matter how much it is and how long you had been working for that money, it won’t take five minutes to lose all of it,” he added. The last point he stressed was the investment rule by Rupert Johnson, “Buy when the pessimism in the market reaches the highest; Sell when the market is irrationally optimistic.”