The First IBRE Business Insight Seminar, “Economic Outlook 2020”
Korea University IBRE (Institute for Business Research and Education, Director Jongseok Bae) opened its first business seminar series (The IBRE Business Insight Series) on November 21st (Thu), at LG-POSCO Building. The IBRE Business Insight Series is a project that presents new perspectives on education and research to the members in various kinds of business schools and will be carried out every semester with topics covering economic outlook and industrial analysis. Chung Kyu-chul, a researcher at KDI (The Korea Development Institute), was the first series speaker. Chung came up with the topic “Economic Outlook 2020”, providing a broad range of explanation about the current standpoint of South Korean macroeconomy and its midterm goals to pursue. He spoke at the seminar: "Since the last financial crisis, the U.S., China and other emerging Asian economies have led the recovery of global economy, but uncertainties such as the U.S.-China trade dispute still persists, and industrial output, trade volume are shrinking. Therefore, people argue that the global economy is slowing down." If these uncertainties are too high, companies tend to delay investment and this would be reflected in the Korean economy as well," he said, adding in detail the impact of the U.S.-China trade dispute, the no-deal Brexit and Japan's export regulations on the global economy. "China's growth paradigm is changing, and its impact on the Korean economy is growing due to the impact of China's falling domestic demand," was told by the researcher. Then he explained the current state and outlook of the Korean economy based on the recent pace of the global economy. The researcher said, "The government is leading the growth by increasing fiscal spending to stabilize the economic downturn caused by sluggish exports and investment in the private sector and a drop in the portion of manufacturing production." In addition, he showed his analysis in specific issues of the Korean economy, including sluggish investment in semiconductors and continued low prices. "There is a room for a limited improvement in domestic demand and exports, but there will be a difference from expected levels," he said. "The economic growth forecast has been revised down as demand at home and abroad continues to shrink." As counter measures, he emphasized the need to review the monetary policy management system and the need to seek growth engines for the service industry. After the lecture, the Q&A session has followed with an inquiry “What would be the finest solution for Korea in managing the trade relationship with China?” Chung answered, “"The process of cooperating in the production phase is getting smaller, and instead the Chinese domestic market is getting bigger, and the Chinese government is also trying to reduce investment and increase consumption". "Considering these changes, we need a strategy to directly target the Chinese domestic market." IBRE Business Insight Series will be provided with three seminars, once on a week on Thursday, through offline. The upcoming seminar is on November 28th (Thu) <Platform Industry Outlook 2020> and December 5th (Thu) <Analysis on the Battery Manufacturing Industry>.
2019 Global MBA Alumni Night Held
KUBS (Dean: Jae Wook Kim) Global MBA program has successfully hosted its Alumni Night event. The event was held at the Royal Bloom of the Sheraton Seoul Palace Gangnam Hotel at 19:30 pm on November 22. About 80 classmates and professors, including Jae Wook Kim (Dean), Weon Sang Yoo (Associate Dean for MBA Programs), Hojung Shin (G-MBA Area Chair) and Yong Keun Yoo, attended the event. The first part of the event began with the opening speech of the 11th G-MBA student Jung-mook Choi. "I personally love the word "relationship," Choi said, "and I hope this year's event will serve as a place to build a meaningful relationship." Dean Jae Wook Kim’s greetings followed. "I have been working as the Dean for two years, and I am watching the G-MBA program with deep interest," Dean Kim said. "I hope you will have a good time here to share your experiences with each other." There was also a greeting from G-MBA Alumni Association President Hyung-rae Chung. "We are meeting twice a year to make efforts for the development of the association. We will try our best to make it more prosperous," he said. Kyung-sup Lee, the 1st president of G-MBA Alumni Association, received a plaque of appreciation, and so did Hyung-rae Chung, the current president. After the first part of the event, there was a time for the alumni to build relationship with each other by shouting toast and enjoying dinner. Quizzes and lucky draw were held in the second part of the event, and it was finished with networking time and group photoshoots. >>Photos for 2019 Global MBA Alumni Night<<
7th Year Commemoration Event for KUBS Ladies Held
Korea University Business School’s (Dean=Kim Jaewook) KUBS Ladies held a commemoration event in its celebration of its 7th anniversary. The event which was held at Ahn-Young-Il Hall of LG POSCO Hall on November 14th (Thu) was attended by Kim Jaewook; Dean of KUBS, Kim Joonghyuk; Associate Dean of KUBS, Oh Seongho (Admitted in ’79);Secretary General of KUBS Alumni Association, Choi Changkyu (Admitted in ’90); President of the 909 Alumni Club and many others that congratulated the anniversary. Female alumni and undergraduates who actively participated in the KUBS Ladies mentoring event ‘Good Evening’ and ‘Dream Concert’ also attended the event. The event was held by the order of △Opening Speech △Introduction of Participants and Commemorative Speech △Thank-you Medal Ceremony △Information session on annual activities and donations △Closing Speech. KUBS Ladies President Lee Chungjin (Admitted ’81) said, “Today is a special day because the event was held at our alma mater.” She added, “I am also pleased that I was able to receive an alumni award, and please support KUBS Ladies so that it can continue to contribute to KUBS.” Dean Kim’s commemorative speech followed after President Lee’s speech. Dean Kim said, “I am immensely proud and thankful that my fellow classmate is actively taking on the role of the President of KUBS Ladies, and I hope mentors may continue to give precious advice to the female students.” President Lee gave Thank-you awards to Secretary General Oh Seongho and Deputy Department Head Sim Suhyun. A Toast and information session on annual activities and donations ensued, and the event ended with a brief group photo shoot. Meanwhile, KUBS Ladies is a female alumni and undergraduate association and intends to expand the female network and train potential female leaders. Organized in 2012, it is operated by the executive branch, ”Blossom” and works toward active networking between female alumni and undergraduates.
Recruitment Information Session for AI Start-Up ‘Moloco’ Held
In November 21st (Thu) at Hyundai Motor Hall, a recruitment information session for the AI Start-Up ‘Moloco’ was held. The Korea University Business School Career Development Center held the session, and Koo Hyunseo, the Head of the Korea Branch, led the event. The session started with Koo’s introduction of the company. According to Koo, Moloco is a Start-Up with more than 70 employees around the world in seven branches (Seattle, Palo Alto: HQ, New York, London, Seoul, Tokyo) that is based in Silicon Valley and provides global experience. It is rapidly growing as a global ad-tech start-up based on its top-tier machine learning and big data technology, and is grabbing the attention of the online ad industry. Koo continued on to explain the company’s mission, the algorithm behind the work, and the vision to provide a performance ad platform based on its top-notch technology. The qualifications to work for Moloco is good communication skills based on Korean and English proficiency, ability to operate Spreadsheet and presentation tools effectively, high aptitude to learn, aggressiveness toward work, and being meticulous. Experience in the ad or mobile industry, or experience in SQL and other data analysis tools would be a plus. A Q&A session followed with the HR manager, in which one student asked “what role a business major undergraduate can take on after graduating.” To this, the HR manager answered that they can take on research regarding Programmatic Ads and Performance marketing, Campaign management, Performance monitoring and analysis, market research as an account manager or data scientist. Meanwhile, Moloco’s main clients include not only Korea’s Band, WeMakePrice, Zigbang, Line, Watcha, but also Hulu and Zynga of the U.S. Recently, the company has signed a mobile marketing cooperation MOU with the subsidiary of Thailand’s third largest communication company ‘True,’ ‘True Digital Plus.’
[Startup Institute Lecture Series #7] Lecture from CEOs of Global Startup Accelerator SparkLabs Investment Portfolio: YeonJu Oh, CEO of AX and Yonghyeon Kim, CEO of GINT
The 2019 'Lecture Series' hosted by Korea University Business School (Dean= Jae Wook Kim) Startup Institute (Director= Hicheon Kim) was held at Hana Square Multimedia Room on Nov. 19 (Tue). This time, Lee Hee-yoon, manager of global startup accelerator ‘SparkLabs’; YeonJu Oh, CEO of ‘AX Inc', a startup which received accelerating from SparkLabs; Yonghyeon Kim, CEO of 'GINT', which also received accelerating from SparkLabs gave the lecture. The lecture started with the introduction of the SparkLabs by manager Lee Hee-yoon. "An acccelerator not just involves in investment but involves in a new concept of investment model that combines the incubation of startups." said manager Lee. "SparkLabs is a global investment institution that started in South Korea in 2012 and is currently expanding by region and sector." "The key role of an accelerator is reducing time," he said. "When it is identified that a business model possesses possibility of success, an accelerator quickly proves the possibility and helps companies grow faster." YeonJu Oh, CEO of AX Inc., then continued the lecture under the theme "Starting Start-Up in your 20s”. AX, Inc. is a startup in the field of tour and activity that presents automated reservation management solutions to local travel agencies. "The biggest difference for the AX is that it enables instant booking through real-time inventory management," CEO Oh said. "In the travel industry, which is already an amazing red-ocean market, we are trying to target the blue-ocean market, which increases sales, reduces costs, and even provides big data." Oh then talked about her own experiences. “I think many experiences such as school admissions consulting and programming have built up and connected to the current business," said Oh "I wanted to say that if you ‘start’ anything in your 20s, you would be able to 'up! in the end'." As the second speaker Yonghyeon Kim, CEO of GINT continued the lecture under the theme "Starting a Technology-Based Business." GINT is a company specialized in electronic control and data services that provides intelligent technology platforms for tractors and construction equipment. "After working as a researcher at Hyundai Motor Group and Samsung Electronics, I started by registering as a corporation even without deciding on an item," said Kim. "Since it took a year just to develop a business model, I wanted to tell prospective start-up CEOs in detail about something very important but was unexpected before the start of my business." "We need to carefully consider which business model increases company's value.” "We need to define this properly so that we can have weapons that can enter existing hegemony of industry markets through destructive innovation." "I hope you spend a lot of time looking for a problem that you didn't consider before," he said. "You will be able to create some kind of breakthrough by that process.” After each speaker's lecture, a heated question-and-answer session followed. "I wonder what on criteria you decided to make a pivot," said a student who is currently preparing to start a business. CEO Oh said, "In the beginning of a business, it is difficult to know the exact time for change." and emphasized the need for accelerating. "I think the biggest asset of the start-up is time and speed transfer," manager Lee said. "It's not easy for a first-time start-up to make a decision on when to stop or when to change direction, so that is why accelerating is so important." It was followed by questions about the process of settling and changing of business model. "Although we changed the business model for about 50 times in a year, the first and last ones were not so different after all," said Kim. "Through the process of questioning, we were able to verify whether this project is a business that we can do for 100 years." Every semester, Startup Institute provides startup education through "Lecture on Demand," a working-level lecture series, and "Lecture Series," a special lecture series on startups and ventures. Classes are open courses, which means they are open to not only the employees of a tenant company, but also anyone interested in starting a business. For related inquiries, you can contact the Startup Institute (02-3290-1699).
Alumni Mentoring Session with Accountants: Valuable Advice from Accountants
A mentoring session was held at Hyundai Motor Hall on Nov. 5, organized by the Career Development Center of Korea University Business School (Dean=Kim Jaewook). In this seminar questions and answers have been exchanged about the preparation of the CPA exam and the work of the accountant. Seo Man-gyu (Hyundai LLC, Admitted to KUBS on '03) and Kim Jin-hyung (Deloitte Anjin LLC, Admitted to KUBS on '07) attended the event and gave generous advice to their juniors. First of all, the first part of the session was a question-and-answer session about the preparation of the CPA exam. "After I was discharged from the military, I got interested in what kind of career I should pursue," said Seo Man-gyu. "I was fascinated by the fact that my friends around me prepared this exam a lot and the preparation system was well-prepared in school. The fact that it has a diverse career path, including finance and taxation, seemed exciting too." "I took on a challenge to become an accountant because I liked to deal with numbers, and therefore becoming an accountant was an apt career path for a business major," said Kim Jin-hyung. He added, "After being discharged from the military, I studied wholeheartedly and passed the exam after three years." There were also questions about the order of studying CPA subjects. He answered, "I studied low-volatile subjects such as Principles of Accounting, Intermediate Accounting, Tax Law, and Financial Management first." The session was followed by questions about accountants' work. When asked about the intensity of the overall work at accounting firms, Seo Man-gyu said, "At present, most accounting firms have adopted a 52-hour work week, which has greatly improved our working environment," adding, "Of course, we will be busier than ordinary conglomerates during the season, but the living standards are not bad." "If I take on a project in the off-season, I will work as if it is the season," said Kim Jin-hyung. "But these days, the atmosphere of the accounting firm is focused on strengthening quality rather than increasing the time." There was also a question about the salary, to which Seo Man-gyu said, "the annual salary has gone up a lot, but that also means a lot more responsibilities than in the past." During the two-hour seminar, the students and alumni actively asked questions and gave responses, bringing back and forth practical information on the preparation process and practice of accountants. "If you've decided to take the exam, I want you to challenge yourself," Seo Man-gyu said. "I hope you don't leave any lingering doubts and work hard with all your spirit."
‘2019 Fall CHOO CHOO Day’ held in huge success
Backed by a support from KUBS (Dean Jaewook Kim), jointly hosted by Startup Research Center (President Heecheon Kim), the 2019 fall CHOO CHOO Day event was held in D. CAMP Gangnam, on November 15th (Fri). CHOO CHOO Day is a year-end ceremony where the KUBS startup CEOs present their final project pitches and developments that have been proceeded for a year. At this year’s event, 146 attendees including the investors, startup relations, and the potential business developers showed up with their great interest in KUBS startups. At the beginning, Jeongbin Moon, the head of Il-Jin Startup Center, made an opening remark: “I am honored to see you all, and I would like to say thanks to all for the attendance despite the bad weather condition outside. We are so proud to host this event at D. CAMP, the building that owns a living history of South Korean startup industry. Please enjoy, and kindly keep your heart opened toward the KUBS startups.” Next, the event continued with an open-mike session by Jeongmin Oh, the CEO of Hidden Track (4th Class of CHOO CHOO). The CEO stated, “I understand that undergraduate students who are eager to running startups would be having a hard experience taking academic studies on the other hand at the same time. As you all have put your substantial effort, I cannot conceal the fact that my expectation level is very high. However, please do not be too stressed with today’s outcome.” The 7 listed startups in CHOO CHOO 2019 were highly competitive: △”Delivery Lab”, the online grocery platform which eases consumers’ price comparison, △”Bolt and Nut”, a service platform for manufacturing companies, △”ICO”, an on/offline class intermediation agent targeting the students in abroad, △”Young-Gam Company”, a chatbot developer, △”HCLab”, IoT-based healthcare service company which mainly cares the chronic back pains, △”Cheonmyeong and Company”, an online reservation service provider, △”Cosmetheus”, a consulting firm that provides a broad ranged analysis in online trending data. Each company presented their annual growth profile through various communication channels such as public speech, Q&A session and marketing booth opening. Opened during 5 to 8PM, the event attracted a lot of visitors even after the end of the team presentation session. KUBS Startup Research Center, the host of CHOO CHOO Day, is the first startup institutor established in domestic colleges. It operates a semester-based startup programs to discover and support the potential CEOs in campus. The startup competition, “Startup Express” seeks for a new company that needs a financial aid for its early growth. To achieve the final ticket for the selection, a startup team should go through a ten-to-one competition stepping a process of business summary assessment and interview session. Overall, numerous high-profile corporates have been sponsoring KUBS startups with their solid maintenance of MOU relationships. Representative firms are followed: Kim and Chang, Samil PWC, Amazon Web Service, Y Crowd Funding.
KUBS E-MBA Ranked 27th in FT Rankings, 1st in Korea Again
UK Financial Times Announces World's Top 100 E-MBA Rankings for 2019... KUBS ahead of Columbia University (36th) and Cornell University (46th) KUBS (Dean: Jae Wook Kim) E-MBA was ranked 27th in the Executive MBA Ranking 2019 by the UK Financial Times. According to the FT, KUBS E-MBA was ranked 27th this year, after being 38th last year, marking the first in the national level for the ninth consecutive year. For the last three years, KUBS E-MBA was ranked 28th on average (20th in 2017, 38th in 2018 and 27th in 2019), proving that its curriculum which is focused on practice in different industries was top-notch. Its rank is higher than those of world's most prestigious business schools, including Columbia Business School (36th), UCLA: Anderson (42nd), and Cornell University: Johnson (46th). This year, HEC Paris was ranked first, followed by Kellogg/HKUST Business School. Among Korean universities, Yonsei University was ranked 34th. The FT rankings are based on various evaluation categories such as salary increase rate, promotion rate, faculty with doctorates, and internationalization index; it announces the rankings of the world's top 100 E-MBA programs every year. For this year's evaluation, KUBS E-MBA received high marks in such categories as salary increase rate, aims achieved and faculty with doctorates. KUBS E-MBA stands out clearly, because it was ranked in the top place while being a program run by a single university only. Many E-MBA programs at top-ranked Asian universities operate joint degree programs, and KUBS E-MBA remains competitive nonetheless.
AACSB Visits KUBS to Review Business School Accreditation
On November 11 and 12, a research team from The Association to Advance Collegiate School of Business (AACSB) visited KUBS; Dr. John Kraft (Dean, University of Florida), Dr. Antonio Travaglione (Dean, University of Newcastle) and Dr. Greg Whittraded (Former Dean, The University of Auckland) visited KUBS. From KUBS, Professor Jae Wook Kim (Dean), Joong Hyuk Kim (Associate Dean for Faculty and Academic Affairs), Weon Sang Yoo (Associate Dean for MBA Programs), Chang-Wha Chung (Associate Dean for Planning and Budget) and Baeho Kim (Associate Dean for Research) were present for the event. KUBS, which was certified by the AACSB in 2005 for the first time in Korea for all programs including both undergraduate and graduate-level education, has since obtained accreditation for three times in a row in 2010 and 2015. The research team has evaluated various areas of KUBS, including faculty, curriculum, research and student support. It also conducted interviews with the President of Korea University, teachers, employees and students. The result of the accreditation will be announced early next year. AACSB is a non-profit organization founded in 1916 by the presidents of major US universities. It establishes the standards that many business schools should follow, and gives an international accreditation after a rigorous screening. As of 2019, 856 business schools in 56 countries have AACSB accreditations, including Harvard, Stanford and Columbia. The due diligence for another international accreditation held by KUBS – EQUIS (EFMD Quality Implementation System) accreditation – will be carried out next year.
2019 Social Value Research Competition Awards Ceremony
The 2019 Social Value Research Competition awards ceremony was held at the LG-POSCO Building at Korea University on November 12(Tue). The 2019 Social Value Research Competition was hosted by Korea University Business School and sponsored by the SK SUPEX Promotion Council. About 40 people attended the ceremony, including Jae Wook Kim, Dean of KUBS, Johngseok Bae, Director of IBRE and Jungbin Moon, a professor at KUBS. "I believe that the undergraduates selected for the Social Value Research Competition are talented people who will become future management leaders and lead social value projects pursued by our society." said Jae Wook Kim, Dean of KUBS. Through a screening process in June, a total of 10 teams (40 undergraduates) were selected and they conducted research on social values in various fields such as management, welfare, health care, housing, IT, residential human rights, mobility, care for the elderly, and shared economy businesses. Four teams won the award at the 2019 Social Value Research Competition, which marked the first time this year. The award had three categories: the KUBS Dean Award(Grand Prize) the SK Social Value Award(Best Excellence Award), and the SK Social Value Award(Excellence Award). The KUBS Dean Awaed was won by Baek Ha-won, Lee Kyung-min, Lee Seo-yeon and Song Hyun-ah, who studied "How to foster the Korean social capital market." The SK Social Value Award(Best Excellence Award) was awarded to the 'Creating Social and Economic Values through the Project to Create Local Society AAC ZONE', while the SK Social Value Award(Excellence Award) was awarded by a team that studied 'How to Set Up a Social Stock Exchange for Social Enterprises' and 'Benchmarking South Korea's Social Economy Ecosystem'.
AICG-KCMI Joint Symposium Held
The AICG-KCMI Joint Symposium on ‘Governance Issues and Policies of Domestic Companies’ was held at the Hyundai Motor Hall on November 8th. The event was co-hosted by the Asian Institute of Corporate Governance (AICG) and the Korea Capital Market Institute (KCMI). Attending the event were Park Chang-kyun (KCMI), Kim Woochan (KUBS), Kim Woojin (SNU), Na Hyun Seung (KUBS), Park Yoo-kyoung (APG), Ahn Soo-hyun (HUFS), Lee Si-yeon (KIF) and Lee Chang-min (Hanyang Univ). The event began with an opening speech by Park Kyung Suh, Director of the AICG. "AICG has tried to solve a number of finance and governance-related problems that Korean companies have faced," said Park. "I hope that valuable discussions will continue throughout the joint symposium today." It was followed by a welcoming speech by Park Young-seok, Head of the KCMI. "Since the financial crisis, there has been a social consensus that the chaebol-oriented economic system is no longer valid," Park said. "It is true that the institutional establishments to enhance corporate value have been pursued ever since. Despite that, we still have a weak corporate governance which brings the so-called Korea Discount phenomenon," he said. "I hope we can take full advantage of our researchers' capabilities at the joint symposium today to have various discussions." Then the event was followed by a congratulatory speech by Cho Sung-wook, Chairman of the Fair Trade Commission. Since the Chairman herself was absent, Kim Sung-sam, a member of FTC, delivered a congratulatory speech instead. “Today’s meeting is where we discuss a number of recent issues related to corporate governance in Korea,” said Kim, adding that although many improvements have been made, the nation’s corporate governance is still lagging behind. "Improving corporate governance is a must-have task to ensure the rationality of corporate management and prevent problems that hinder fair competition," he said. "Based on today's discussions, FTC will also make continuous efforts to achieve this." Park Chang-kyun, a senior researcher at KCMI, first gave a presentation under the theme of "Shareholder Activism and Corporate Governance of NPS." Park explained why people oppose NPS’s shareholder activism, including the concerns about “pension socialism” and its effectiveness, and conducted a critical analysis. "There needs to be a mechanism to exclude government intervention," said Park, suggesting that the fund management committee should be reorganized into a professional organization to establish a system that operates in the form of a sub-committee. Professor Kim Woochan from KUBS then gave a presentation under the theme of "Is It Necessary to Defend Management Rights? Dual Class Shares and Poison Pill." "The threats to management rights can be made by either hostile takeover or proxy fights, but they often end up being rarely used," Professor Kim said. "The reason why there is no threat to management rights is due to following reasons: the ownership structure in Korea, various means of protecting management rights and difficulties in making public purchases or proxy fights. Nevertheless, the reason why people demand measures to defend management rights is to block the rightful exercise of shareholder rights," he said. "Now, lots of companies lack the check-and-balance from outside shareholders," Professor Kim said. "In a situation where the industrial structure is rapidly changing, capitals should be quickly redistributed from the declining industry to the growing industry, before the companies go bankrupt." Finally, Professor Kim Woojin from SNU gave a presentation under the theme of "Current Status and Remaining Tasks of Private Benefits of Control.” Professor Kim explained the background of private benefits of control, citing some details from the Monopoly Regulation And Fair Trade Act. Professor Kim then explained the limitations of the current system, which are first, the court's different interpretations of "unjustice," and second, different standards for assessing transactions among affiliated companies. "We need to enhance our understanding and awareness of this issue," Professor Kim said. "We need to recognize the prevention of corporate damages as the key factor, and set a discipline in private sector, rather than as a rule of law.” The last session wrapped up the event with a panel discussion involving six participants and the audience, conducted by Professor Kim Joong Hyuk (KUBS).
Fall 2019 KUBS Scholarship Award Ceremony
On November 7 (Thu), KUBS had the Fall 2019 Scholarship Award Ceremony at Ahn Young Il Hall, LG-POSCO Building. Scholarship donors, and holders of a total of 120 KUBS students participated in the ceremony. The list of scholarship donors who attended the ceremony was as follows: Seo Kwang-soo of the ChungPyungHwa Fashion Mall Committee; Cho Duk-hee, Vice Chairman of So-Am Scholarship Association; Oh Sung-ho, secretary-general of the KUBS Alumni Association; Director Kim Woo-joong and Section Chief Shim Jae-kook of KCC', Donar Jang Jin-young of the Kim Geun-Chang Scholarship Association; Yang Seung-eun, president of Class of 1975 Alumni Association; secretary-general Kim Jung-kwon and Ahn Hyo-jong of the KMBA Alumni Association; Chou Yi-hyun, director of KPMG Samjong Accounting Corp. Dean Jae Wook Kim commenced the Ceremony by welcoming remark. "The reason why KUBS was able to grow and develop is all thanks to the seniors such as the scholarship donors," said Dean Kim. "I hope you will continue your warm heart so that it can be of great help to students in the future." "I hope that students who receive the scholarship will continue to study hard so that they can return the help to their juniors in the future," he said. Then the ceremony was followed by the awards of scholarships to the holders. A total of 54 types of scholarships were granted to KUBS students this semester, including △KUBS Dream Scholarship (54 holders) △Future Scholarship (29) △Soam Scholarship (12) △Namchon Scholarship (10) △MnJfoundation Scholarship (4) △KPMG Samjong Accounting Corp. Alumni Association Scholarship (2) △AMP 87th Generation Scholarship (8) △Yangyeong Foundation Scholarship (5). Scholarship holder were a total of 174 students inclusive of duplicated grants. The scholarship donors and holders then had a banquet, with a chance to talk to each other. After the banquet, the donors made remarks followed by a holder’s thank-you speech, and time for a group photo. On his remark, Shim Jae-kook, , Section Chief of KCC said, “It was a refreshing time to be in a campus full of young people.” He continued, "I hope you will grow up to be wonderful young people who will donate and support your future juniors." Student representative, Kim Yoon-ha (Business ’15) said, "Thanks to the various opportunity for KUBS scholarship during my college years, I was able to focus on my studies and other activities. I will help those who need help in the future.” The event ended with students and donors singing the school song and taking group photos.
2019 Fall Campus Tour and Mentoring Day
KUBS’ (Dean Jaewook Kim) “2019 Fall Campus Tour and Mentoring Day” was held on November 9th (Sat), at Hyundai Motors Hall. Coordinated by KUBS PR department and KUBE (KUBS’ Student Ambassador Group), the event invited more than 100 high school students, who finally passed through a heavy competition to be selected as a participant. In the beginning of every spring and fall semester, KUBS opens a campus tour program to the high school students who have interests in the study of business management. The purpose of this program is to present a live experience to students to elevate their awareness in KUBS education. This fall, the tour went through △Introduction to KUBS △7 Subjects of Business Management △Campus Tour △Mentoring Program △Closing Ceremony. At the opening, Hoibean Cho (KUBS 19), the president of KUBE, left a remark by saying: “We have prepared this event for a long time with our full attention to provide the greatest memory to you all. I hope this meeting today to be a highly supportive motivation for your future application in KUBS”. Tour attendees enjoyed the introduction to KUBS history and showed their great passion in the academic courses that KUBS provide. After the orientation session, high school students walked through the campus outside, following the tour guidance by KUBE. Next, small group mentoring session was followed, that students were able to freely ask their inquiries to KUBS members and get live consulting for their future study plans. KUBS has been reaching out to wider generations by coordinating various mentoring programs. Apart from the spring/fall mentoring day, there is an upcoming “Winter vacation mentoring day for middle/high school students” in this winter. All tours programs are offered for free. ☞Click to check out the tour photos (Website Link)
Lecture by Hyundai Motor's Executive, 2040 Revolution of Transportation that Will Change Human Life
A special lecture by Hyundai Motor executives hosted by Korea University Business School (Dean=Kim Jaewook) was held in October 31st (Thu) at Room 303 of Hyundai Motor Hall. Under the theme of 'Revolution of Transportation that will change the lives of the human race,' Choi Seo-ho, Executive Director of Hyundai-Kia Motors' strategic technology division, spoke up as a speaker. Executive Director Choi Seo-ho first introduced what the future means of transportation looked like in the past. "From a very long time ago, humans have been moving on their own, and we've been talking about flying mobility. Even in the 1950s, when computers were not yet commercialized, there was desire for self-driving technology.” “We are capable of imagining the future of the highway; due to Airplane eVTOL we will not need a runway to float vertically, a Robo-Taxi will be able to self-drive, Lastmile individual mobility devices will be self-paced.” "I'm imagining a future where mobile devices, hydrogen networks are possible, and so on," he said. Choi added, "Mobility technology will lead the future. He explained that he calls the future mobility technology sector 'MECA,’ which stands for Mobility service Electrification, Connectivity, Autonomy.” The most important thing in technology will be artificial intelligence and software technology," he stressed. Choi also added that "Hyundai Motor Co. is trying to make this mobile revolution a reality.” He explained about the direction of the new business of strategic technology headquarters. "To make smart mobility possible, the same success equation that we had on a traditional manufacturing base must not be used. I think what we need to do is open innovation; Mobility is the reason why ICT technology companies such as Uber, Tesla, Amazon and Google," Choi said. "It's an era where we're in business and we have to compete with them," he said. "Through open innovation, businesses leverage a variety of ideas, skills, and talent from outside to accelerate internal innovation. We should take a management strategy to overcome the NIH syndrome," he stressed. After the lecture, a heated question-and-answer session ensued. One student commented that 'the strength of smart mobility should be derived from ‘smart’ than ‘mobility’ Choi agreed and added that “we've created an AI-related interior because we need the ability to support it and that Hyundai is securing software technology, and we are working on Industry-academic cooperation with MIT, KAIST, the University of Technion (Israel) as well as a variety of related projects. I think it's a step that we're slowly preparing through investment.” Choi Seo-ho, executive vice president of Hyundai, said, "When I heard a lecture by Hyundai during my undergraduate years, I never imagined that I would join Hyundai. I've been working at Hyundai for 20 years and I'm here today as a speaker, I hope there will be someone that I will be standing here in 20 years, like me," he said After the lecture and question-and-answer session, the event was completed with a group photo taken.
Alumni Mentoring Seminar Held for Students Interested in Management Consulting
Alumni mentoring seminar for students interested in management consulting, organized by KUBS Career Hub (Dean = Jae Wook Kim), was held on October 31 at Room 208, LG-POSCO Building. Lee Ki-chang(Business’84), CEO of Nemo Partners China, and Choi Chan-young(Business’06) of financial consulting firm Oliver Wyman attended the seminar and gave valuable advice the audience. "I think it is not very difficult to acquire the necessary ‘skillsets’ for management consulting," said Lee. "In turn, business school undergraduates lack humanities skills compared to their knowledge in business." "In that regard, I would like to recommend reading a lot of books in various fields and become knowledgeable," Lee said. "Providing customers with ‘insight’ gained from such knowledge is more essential in management consulting, rather than just knowing the terminology." In response, Choi said, "As a management consultant, the skills required in the first and second years may change. Thus, it is important to gain insight into reading the big trends of social change," and added, "I personally recommend learning foreign language, and I also recommend learning coding, language of computers The two alumni then gave advice in choosing one’s career. "I moved to consulting because I wanted to do something more influential while working in finance," said Choi. "I liked learning something fun and new rather than earning more money." "I think the most important question is why you want to do this," said Lee. "It's a question that you should consider seriously when choosing your career path. Choi then talked about the pros and cons of consulting. He said, “In fact, the so-called "WoeLaBell (Work-Life Balance)" is not an easy goal to achieve in the consulting industry,” and added, “the working environment will vary from company to company, but it is still very tough compared to other jobs. "I really hope that people who are willing to work hard will get interested in the consulting industry," said Lee. "You should not choose a life as a consultant just because consultants make a lot of money." When asked about the prospects of the consulting industry, Choi said, "Management Consultant carries out new projects in various industries every time. Therefore, we are a generalist rather than a specialist in a particular field." “As a generalist, management consulting is in high demand in various industrial sectors”, he added. "I think it is one of the few jobs that can help one grow up in a short period of time," said Lee. "I hope you won’t be afraid to take the challenge.”
2019 KUBS Challenge Case Competition Held
‘2019 KUBS Challenge Case Competition (hereinbelow KUBS Challenge)’ hosted by Korea University Business School was held at Hyundai Motor Hall on November 2, 2019. KUBS Challenge is a case competition where each team of four KUBS students presents business case studies within a given time. 56 students from 14 teams in total participated, showing off their outstanding case analyzing capabilities. In this year’s KUBS Challenge, a total of 14 teams including △Americano, △Bohee & Company, △District 1 and △Excelsior Consulting participated. Each team was assigned the task of analyzing the business case of Boxed.com to find the success factors of the company and deduce possible strategic recommendations based on challenges and opportunity factors. The competition was organized in the form of a Q&A for seven minutes after each team presented a prepared case solution for 13 minutes. The judges not only consisted of professors in Korea University, △Professor Tony Garrett △Professor Kim Young-kyu, △Professor Son Bum-jin, △Professor Lee Jong-ho, but also business executives, including and Han Seung-soo, Executive Director of N.Thing and Julian McKenzie, Vice President of Kyobo AXA Investment Managers. Four teams who performed well in the preliminaries, including △Young Professional Tigers (YPT), △TIGER CUBS CONSULTING CLUB (TCC), △Americano, and △Kuveners, went to the finals and answered in-depth questions from the judges. "We were all worried because this was our first experience and the preparation process wasn't easy, but we think efficient division of roles based on each other's strengths led us to a good result," said team ‘Americano’. They continued, "We are honored to be qualified for the case competition that I've always been interested in and I'll try to achieve good results in the upcoming competition, too." "It was not easy to make results in a short period of time, but it was rewarding to get good results," team ‘Kuvengers’ who won the silver medal said. "I'm looking forward to learning a lot from the upcoming competition." This year’s winner, team ‘Americano’ got an invitation to participate in “Marshall International Case Competition” hosted by USC in 2020, and the silver medal winner team ‘Kuvengers will participate in ‘Sauder Summit Global Case Competition 2020’. Their airfares, accommodations will be provided, as well as the business case training sessions.
Center for Digital Transformation & Business Colloquium
On October 28th (Mon), the “Center for Digital Transformation & Business (CDTB)” colloquium was held at LG-POSCO Supex Hall. As to fixate its position as a leading education institute in the period of 4th industrial revolution shift, KUBS has been pursuing CDTB establishment, an industry-university collaboration platform which would make a strategic differentiation in research leadership. As a first step to achieve its goals, KUBS invited professor Seung-il Shin (Department of Statistics) and coordinated the first colloquium event, presenting the key topic of big data analysis regarding to the digital transformation issue “Bigdata: A Blessing or A curse for Statistics?”. At the colloquium event, more than 50 attendees including Dean Jaewook Kim, Associate Dean Joonghyuk Kim and Baeho Kim participated to celebrate its opening. Dean Jaewook Kim made a commencement speech, saying: “Business environment is now changing so quickly as the phase of 4th industrial revolution has come. Transformation in business operation is importantly required; KUBS would like to discover the reformative ideas in future business. It is my great wish that this CDTB colloquium may help us to understand exactly where we are and what situations we face today”. Professor Shin, the presenter, attracted the audiences’ interest by introducing the basic concepts in “What is statistics?” at the beginning. And then he emphasized the value of reasonable statistical prediction based on the given data. According to his lecture, big data is a consolidated form of “Volume, Variety and Velocity” which enable us to freely handle the data and to frame a scientific decision process. Also, he stressed that the additional function “Veracity” would be the important research point to focus on in order to find out the fittest process to understand big data. On the other hand, KUBS’ next plan is to draw the public attention to CDTB program by producing monthly invitation lectures and colloquium events of various academic researchers and industrial specialists. CDTB colloquium will be opened to everyone who has an interest in the lecture topics related to digital transformation technologies, regardless to their expert knowledge or background.
2019 Social Value Forum Held
2019 Social Value Forum, hosted by KUBS and IBRE and sponsored by SK SUPEX SV committee, was held on Oct. 24 at Hyundai-Motor Hall. This time, the forum was held under the theme of "Social Values and Sustainable Management." Attending the forum were Dean Kim Jae Wook, Professor Bae Johngseok, Associate Dean Chris Changwha Chung, Keynote Speaker Professor Pratima Bansal (University of Western Ontario), Professor Kang Hyung-koo (Hanyang University), Kim Jae-hyun (Crevisse Partners CEO) and Dr. Song Hee-chan (Chulalongkorn University). "Today's forum is the beginning of the 'Social Value and Sustainable Management' project of KUBS," Professor Bae said in his opening speech. "It is an honor to have Professor Pratima Bansal, an authority in the field, and I hope it will be a meaningful time for everyone." Dean Kim then began his congratulatory speech, saying, "I thank the Professor Bae and Professor Moon for preparing for the event." "In the past, business was more about making profit, but now we should focus more on how to make profit in moral ways, and how to use it wisely.” He said that the goal of KUBS is to apply those concepts in the curriculum to foster the future leaders interested in the area. Professor Pratima Bansal, who was in charge of the presentation under the theme "Sustainable Development in an Age of Disruption," first explained the definition of sustainable development. "Sustainable development is about people," she said. "It's not about the environment, as portrayed in the conventional concept.” She also stressed that sustainable development is to make sure that the next generation is better off as we are now, or simply put, to keep the "intergenerational equity." Professor Bansal also said, "Until now, business schools have been busy teaching students how to achieve growth and make money. We should avoid from this principle and find out a new way of teaching.” Professor Kang then took charge of a short presentation on "Insurance Mechanism of Corporate Social Responsibility: A Deeper Look." Professor Kang explained the concept of "Corporate Social Responsibility," or CSR, as an insurance concept. “Insurance is a put option,” he said, adding that a company's put option reveals whether the company's CSR activities are worth of an insurance. Next presenter, Kim Jae-hyun, Crevisse Partners CEO, gave a presentation under the theme of "Impact Investing." He said, "Impact Investing is where the social values and financial values intertwine.” “Before, the market was driven by invisible hands, but now it moves by invisible ‘heart,’ so to say. It's an investment technique that allows capitalism to become more democratic,” he added. During the panel discussion, the audience and presenters continued to engage in heated discussions. Dr. Song explained sustainable development from a Buddhist perspective and asked a question about what could make sustainable development. "It's important to keep the pace of the biological world and the technological," Professor Bansal said. "For this, the transition to a new mindset is essential," Another discussion was about the role of a business school. Professor Kang said, "Some people call it the crisis of a business school, but i think it’s because we failed to jump on the huge trend of sustainable development." “Students are also consumers,” he addressed, adding that it would be necessary to provide useful contents about social issues to business school students. Toward the end of the panel discussion, Professor Bansal said, "You are the generation that will make a difference from the stauts quo," which touched the heart of the audience.
Korea University, the winner of The 54th KICPA exam… `정진초(KUBS’ class for KICPA study)’ took a leads
Without exception, Korea University has taken the first rank in the 54th KICPA exam, resulting the largest number of final certificants among the universities in Korea. Following the winning news of putting 205 candidates on the record of level1 exam this year, 109 students in total has made it at the end. Indeed, Korea University is now a winner in 8 consecutive years (from 2012 to 2019), issuing 854 accountants in total. No one can make a doubt on the KU’s honorable dignity: the best CPA education institute in Korea. Korea University is the only college that has resulted more than 200 candidates in KICPA level1, and more than 100 certificants in level2 exam. Furthermore, we are greatly honored to have the youngest accountant this year, Jungyeon Yoo, who is in penultimate year at KUBS. According to the data release from University news of Korea, Korea University made the top as a first rank (109 certificants), followed by Yonsei University (88 certificants). The third honor went to Sungkyunkwan University (84), and Sogang (74) and Joongang University (73) took the fourth and fifth, respectively. In fact, we are proud to reckon that “정진초(精進礎)”, the specialized class for KICPA study, must have played a significant role in this year as usual. 정진초 is placed at third floor of KUBS main building, on the purpose of supporting KICPA candidates to focus in all the way of studying for exam. For the students who entered 정진초 by passing hard competition with huge number of applicants, a bunch of beneficiary support are provided with the individual reading desk, financial aid on taking online courses and scholarship opportunity. Still, the applicants who failed to enter 정진초 are able to reach its online community and get pieces of important information regarding to the CPA exam, sessions or recruiting events from accounting firm, and interview schedules. Also, do not miss out the group buying opportunities in purchasing mock exam papers, through online communication with 정진초’s Kakao plus friend account.
[Startup Research Lecture Series #6] Hidden Track CEO Oh Jung-min, Until Linder, which started out at a small room, grew into an App downloaded 500,000 Times
The sixth "Lecture Series" lecture in 2019 hosted by Korea University Business School (Dean= Kim Jae-wook) and the startup institute (Director=Kim Hicheon) was held at Hyundai Motor Hall B205 on October 15. The lecture was delivered by Oh Jung-min, CEO of Hidden Track, who developed a subscription platform called "Linder." CEO Oh Jung-min hosted the lecture under the theme of "A Schedule Information Platform that started in a small room." CEO Oh Jung-min first introduced the Linder service. "Linder is a subscription service that allows us to continuously receive schedules in various fields such as idol singers, school schedules, cultural life, and brands," Oh said. "It has the advantage of being able to selectively receive necessary schedules." "What's unique about Linder is that it has a cloud sourcing strategy," he said. "We are expecting a virtuous cycle in which data accuracy increases as more users become more accurate and user satisfaction increases as well." "Linder's vision is to give users the question of "how did you live without a Linder?" Oh said. "We are aiming to operate AI in conjunction with certain data." Introductions to the Linder service were completed, followed by question and answer sessions. "The team started when all five co-founders were college students," Oh said in a question-and-answer session. A business administration student asked how he responds to problems raised by retrospection, one of the team cultures of the Hidden Track. "I think it's important what kind of gestures we make about our memoirs," Oh said. "We have set specific goals for resolution by listing all our memoirs and we try to maintain an atmosphere where we can make candid comments without crossing the line." The Startup Institute provides start-up education through the "Lecture on demand" series, which is a working-level, close-knit special lecture series, and the "Lecture series," which is a special lecture series on startups and ventures, every semester. The special lectures are open courses, and any student interested in starting a business as well as officials from the tenant companies can participate. For related inquiries, please call the Startup Institute (02-3290-1699).
Executive MBA Academic Forum (CARE Program & Homecoming Day) Hosted in Success
The E-MBA Academic Forum, hosted by the Graduate School of Buseinss of Korea University (Dean= Kim Jae Wook) Executive MBA (E-MBA), and organized by the 11th E-MBA Alumni Association, was held on October 12 at the Supex Hall of LG-POSCO Hall. About 130 E-MBA classmates and Kim Jae Wook, Dean of the Graduate School of Business, Yoo Won-sang, Associate Dean of the MBA and Director of E-MBA, Jeon Jaewook, Director of E-MBA, Professor Kim Eon-soo, and Kang Hee-ok, President of the E-MBA's Alumni Association, attended the ceremony. The 10th-term E-MBA alumnae Ahn Sang Tae welcomed the participants, guiding them through the entire schedule of the event. The first part of the academic forum began with a congratulatory speech by Kim Jae Wook. "It is very exciting to be able to greet you at an executive MBA event with lots of memories and affection," said Kim Jae Wook. "I deeply appreciate that you finished your hard academic work and participated in this event in your busy life." He added, "We hope to continue this tradition and share our knowledge with our alumni every year." Kim Young-mok, the first-term EMBA alumnae, showed his special affection for the EMBA and the alumni association in a series of congratulatory messages. "Korea's top Korea University E-MBA, founded in 2003, has produced numerous alumni from all walks of life in society. I'm proud of our brilliant fellow alumni." Lee Seung-hyun, a member of the 9th-term EMBA, also said, "I sincerely congratulate you on the hosting of the academic forum." "Today's position will provide new business opportunities for our friends, and we hope to grow and let our alma mater shine as one of the best academic forums in the Republic of Korea," he said, thanking the 11th chairman and management team for planning and preparing the event. The forum was held under the theme of "How to Prepare for the Future," and was based on issues such as changes in the business environment, aging, low birth rate, and youth start-ups, and a panel of experts from various fields participated to discuss future strategies and post-retirement life. After the academic forum, a dinner continued at the Ahn Young-il Hall. After a long visit to their alma mater, the alumni met with a welcoming face and enjoyed a vocal performance with dinner and classical music commentary. The Graduate School of Business at Korea University has created an environment where classmates can continue to learn after graduation and provide a platform for friends and classmates to networking.
The Minerva School Symposium on Innovation Without Campus
The Minerva School symposium was held at 3 p.m. on Sept. 26 (Thu) at the Ahn Young Il Hall of LG-POSCO Building. The symposium was organized by Ben Nelson, founder of Minerva School, and Ken Ross, director of Asia region, to visit Korea University Business School to introduce the Minerva School's innovative teaching methods for higher education in business administration and have time for free conversation. A total of 55 people, including KUBS Dean Jae Wook Kim, vice director Weon Sang Yoo, Associate Dean Chris Changwha Chung and Associate Dean Baeho Kim, attended the event, exchanging constructive stories on the development of business education. The symposium began with a welcoming speech by Jae Wook Kim,Dean of KUBS. Introducing CEO Ben Nelson and Director Ken Ross, Dean Jae Wook Kim added, "I hope today's symposium will bring constructive conversation, and do not hesitate to ask questions" CEO Ben Nelson then continued to introduce Minerva School. "The Minerva School is open to students through our own computer program on humanities, management, computer science, natural science, social science, and art," CEO Ben Nelson said. "Many people are paying attention to the unconventional education of Minerva School, which differentiates itself from other universities." Minerva School, meanwhile, is an online university established in 2012 with an investment of 100 billion won, a so-called "startup" of the university community. 100% online classes are conducted on education subjects such as arts, humanities, natural sciences and business administration, and students stay in seven cities around the world, including the U.S. (San Francisco), Britain (London), Germany (Berlin), India (Hyderabad), Taiwan (Taipei), and Korea (Seoul) for three to six months to gain experience. The Minerva School, which opened in 2014, became a hot topic as students who passed the prestigious universities in Korea, including Seoul National University, are known to have given up their admission and chosen to enter Minerva School. All classes are only conducted online at 100%. Minerva School has been holding presentations on the methods of education of Minerva schools in prestigious universities such as Harvard University, Kyoto University and Hong Kong University of Science and Technology over the past few years with the aim of creating a better collective future through leadership, innovation and problem solving.
Completion Ceremony and Launching Ceremony for KUBE Held
The event was hosted by Cho Hwi-bin, the 10th President of KUBE, and Chung Yeon-chan, the VP. First of all, they introduced their goals to make KUBS proud by planning events for teenagers and supporting official events at KUBS. They reported the results of the 9th annual KUBS mentoring day and other major activities that took place in the spring semester. They then introduced on- and off-line promotions by students who are scheduled to be active from the autumn semester, as well as events on campus involving graduates. "We feel very thankful for KUBE students for their efforts," said Kim Jae Wook, KUBS Dean. "We hope that you continue to make KUBS proud with your wonderful activities, as you have been so far." Kim Joong Hyuk, KUBS Associate Dean, said, "We give congratulations and encouragement to 9th students who have completed the program," adding, "I hope the 10th students who became seniors will lead KUBE well with responsibility, and the 11th students will be able to give new energy." The completion ceremony of the ninth class of KUBE followed. Gong Seok-hyun (18), Park Chae-won (18), Yoon Ji-hyun (18), Lee Da-eun (18), Chung Dong-kyu (18), and Choi Yoo-jung (18) were awarded certificates of completion. Next were the newly selected 11th students, and the 10th students who will continue their activities for another semester. In recognition of their hard work as student ambassadors, KUBS has established a scholarship since last semester. KUBE, a group of student ambassadors at KUBS, was first launched in 2013 and re-launched in June 2015. Major activities include regular campus tours, KUBS Mentoring Day, and other supporting activities for non-regular business school events.
Interview with Korea MBA Student Kim Min-seok
Interview with Korea MBA Student Kim Min-seok Q. Please introduce yourself. Hello, I'm Kim Minseok, a student of Korea MBA. (Admitted in '18) I am currently in charge of HR strategy establishment and overseas subsidiaries, branch offices and Joint Venture management at SK Innovation's HR Strategy Office. After majoring in German language and business administration at Hankuk Universify of Foreign Studies and the University of Delaware in 2010, I worked in personnel and strategy planning at the U.S. Senate, Aon Hewitt, Samsung Life Public Welfare Foundation, and Samsung C&T. Q. What made you decide to pursue an MBA degree? As I have a career focused on large corporations, I have seen myself pursuing stability rather than growth in career development. I decided that change, growth, and innovation were necessary in my life, and I started thinking seriously about MBA. As a member of a company, I would ask myself what would happen if my company became difficult. If I'm not competitive enough, there won't be room for me at the company, whether it's Samsung or SK. On the other hand, I thought that if I had my own differentiated competitive edge, I could always paint the life I wanted. I thought deeply about how I could gain additional competitiveness in a short period of time, and concluded that getting an MBA degree could be the answer. Q. Why did you choose Korea MBA from Korea University among various MBA programs at home and abroad? I did not consider programs other than Korea MBA among domestic MBA programs. I thought that the Korea MBA's excellent curriculum, various job-specific meetings such as HR, marketing, start-up, planning, and IT, and the bond between students was a clear differentiator. Also, I think the support and understanding of family members is an important part of continuing to study. My wife and father-in-law, who graduated from Korea University, are the most active supporters and supporters of my graduate school life. In the course of both work and study, there are situations in which my two children and my wife are inevitably asked for understanding and consideration. I still have an active graduate school life with the help of my wife, who is a strong supporter of me. I don't think I can write this now without my wife who supported my choice and decision even before I entered school. I'd like to take this opportunity to express my gratitude. Q. What was the most helpful thing about attending the Korea MBA? It is the strongest network of Korea MBA. I have always been thirsty about forming a domestic network because I spent my elementary school days in Germany and graduated from college in the U.S. Then in March 2018, 200 graduate school students and 200 seniors became part of my life. Of all the changes that have been made in my life, I dare say that this is in the top five that has changed my life differently and positively. I formed relationships between my fellow students who work in companies representing Korea and in various foreign companies, and benchmarking through high-level networks provided by them improved my work productivity. With the help of the Korea MBA's human network, I have recently joined the preparation and planning of my father's painting exhibition. I am also conducting projects in the form of MBA-Real Case to plan new exhibitions together with the advice and assistance of leading marketing, public relations and planning experts within the Korea MBA. In addition, I am expanding my expertise in many ways by applying the marketing and promotional knowledge that I learned through the class to our case. Q. Please advise those who are considering entering Korea MBA. There are many people who think that it is difficult to make a true human relationship in graduate school. But I had the chance to meet a friend who understands me best in Korea MBA, another friend who gives me sincere advice when I'm worried about the future, and a friend who really cares and cares for me. When I have a problem while working on HR or planning, I discuss it with my colleagues in various work areas in Korea MBA to find a suitable solution. If you actively engage in presentation and discussion-oriented classes, you gain confidence in your company's work as well. In addition to work and academic aspects, the Korea MBA has made my life more prosperous. If you want to drink wine, you can drink wine with the school wine club after class, and if you want to play golf, you can go rounding with your school golf club. As such, the Korea MBA has energized various aspects of my life, and is now my precious life-partner. I also went to Korea MBA with a lot of thought, but I have never regretted it. I strongly recommend that you increase your value and create relationships with your invaluable peers and seniors who will remain forever through the Korea MBA.