KUBS Signed International Partnership Agreement with Washington University in St. Louis
KUBS Signed International Partnership Agreement with Washington University in St. Louis On June 16 (Fri), Korea University Business School (KUBS Dean=Professor Soo Young Kwon) signed an international partnership agreement with Olin Business School at Washington University in St. Louis (Olin), situated in Missouri, United States. Marking the 60th anniversary of the “Washington University Project,” which contributed to the development of Korean business studies in the past, the agreement was signed again for the first time in 60 years. △Olin Dean Mark Taylor, △Chief of Staff Jessica R. Martin, △KUBS Dean Soo Young Kwon, △Professor Emeritus Dong Ki Kim, △Professor Emeritus Yoon-dae Euh, △Professor Emeritus Joon Bum Lee, △Professor Emeritus Ik-soon Cho, and △Professor Emeritus of Yonsei University Ki Young Kim attended the occasion. The scope of the partnership includes academic exchanges such as △Student Exchange Program and △Joint Research Projects and Seminars. Each school can send up to ten students per year to study abroad at the other school. Exchange students can stay one semester and may request to stay up to one year. “I have no doubt that both schools will actively interact and strengthen partnership through this agreement,” Dean Kwon said. “Just as Korean business education developed tremendously thanks to the Washington University Project 60 years ago, I hope we will be able to develop something new through these academic exchanges.” ▲ Olin Business School Washington University in St. Louis (WUSTL) established a business school in 1917. The business school was named in honor of John M. Olin and in recognition of a gift from the John M. Olin Foundation. Olin has a total of 135 full-time faculty members and is ranked 22nd in the UTD Top 100 Business School Research Rankings, an indicator that evaluates faculty research performance. Meanwhile, WUSTL contracted the “Washington University Project” to cooperate with Korea University and Yonsei University to develop business education. This contract was in line with the technical assistance program by the International Cooperation of Administration (ICA) in 1957. Accordingly, more than 10 WUSTL faculty members were sent in Korea and made a contribution to the progress of the Korean business schools. Any inquiries on the Student Exchange Program can be directed to KUBS International Office (email@example.com). View Related Articles 현대 경영학 도입의 60년 역사, ‘워싱턴대 프로젝트’ 60년이 흘러도 생생한 워싱턴대에서의 생활 - 유세환, 이준범, 조익순 명예교수 인터뷰
KU Ranks No. 1 in "MBA Evaluation by HR Managers from the Top 200 Companies" for 5 Consecutive Years
KU Ranks No. 1 in "MBA Evaluation by HR Managers from the Top 200 Companies" for 5 Consecutive Years It comes as no surprise. Once again, Korea University topped “The MBA Evaluation by HR Managers from the Top 200 Companies,” an annual survey by Hankyung Business. The results are meaningful because HR managers who are consumers of the manpower market directly participate in this survey. The evaluation is served as an indicator of what the status quo of MBA programs stand. Since the evaluation took place in 2013, KUBS has been securing its crown as the best MBA programs in Korea. ▲Photo credit: Hankyung Business The 2017 MBA Assessment was conducted with the 14 universities, including 13 “Korean MBA schools,” recognized by the Ministry of Education (Konkuk University, Korea University, Dongguk University, Sogang University, Seoul National University, Sungkyunkwan University, Sookmyung Women's University, Yonsei University, Ewha Womans University, Inha University, Chonnam National University, Chung-Ang University, Hanyang University) and KAIST. The six evaluation criteria are as follows: △Employer’s Preference, △Development Potential, △Compatibility with Organization, △Globalization, △Professionalism and △Recommendation. Korea University’s MBA programs are No. 1 for five consecutive years, scoring a total of 3418 points this year. △Seoul National University (3271 points) came in second followed by △KAIST (3rd, 2956 points), △Yonsei University (4th, 2916 points), and △Sungkyunkwan University (5th, 2916 points). Hankyung Business reported that the KU MBA remained robust in the criterion that asks how well graduates use their friendly and altruistic mind to communicate with team members in a Korean company where it has a strong organizational culture. “Having the most outstanding faculty members as well as invited and adjunct professors with abundant experience accumulated, KUBS provides a variety of major courses demanded by industries,” KUBS Dean Soo Young Kwon said. “Particularly, in the era of the Fourth Industrial Revolution where the barriers between industries are rapidly breaking down, the KU MBA programs produce synergy while gaining insights and intellectuals through business networks.“ View Related Articles 고려대 MBA, 5년째 1위…‘이변은 없다’ 고려대 MBA 왜 강한가…조직 융화력에 발전 가능성 ‘높은 평가’ 위기의 한국형 MBA, 재도약 노린다 권수영 고려대 경영전문대학원장 “4차 산업혁명 시대 맞춤형 인재 키울 것”
KU Selected for “Leaders in INdustry-university Cooperation (LINC+)”
KU Selected for “Leaders in INdustry-university Cooperation (LINC+)” KUBS builds a distinguished Industry-Academia Cooperation model utilizing its unique startup institute, internship program, etc. KUBS devotes to help local industries and communities to be both developed by realizing the world-class Industry-Academia Integration. Korea University is selected as an “Advanced Industry-Academia Cooperation University” in the “Leaders in INdustry-university Cooperation (LINC+),” conducted by the Ministry of Education and the National Research Foundation of Korea. A total of five colleges, including △Korea University Business School (KUBS), △College of Engineering, △College of Health Science, △College of Informatics, and △School of Art & Design, participated in the KU LINC+ Project. Of all, KUBS and College of Engineering will play a pivotal role in this project. KUBS received excellent marks by proposing a distinguished “Industry-Academia Cooperation” model based on its independently operated startup institute and global & domestic internship programs. As a selected university for the LINC+ project, KUBS will cooperate closely with local industries and communities to cultivate excellent manpower, create jobs, and support innovation in small and medium-sized companies. The business school plans to strengthen its competitiveness and actively engage in the project activities. Meanwhile, the LINC+ is a large-scale financial support project with an estimated budget of 327 billion KRW. In addition, this is a newly established Socially-Customized project closely linking university curriculums to social demands. A total of 55 universities, including Sungkyunkwan University and Hanyang University, were selected for the LINC+ project, which aims to alleviate the youth job crisis and labor shortage at firms. Each university was evaluated whether the proposed “Industry-Academia Cooperation” model is appropriately reflecting its vision, circumstances, and features, and is feasible with internal and external conditions. Korea University will receive up to 5 billion KRW per year through the LINC+ project. This year’s allocated amount is 3.2 billion KRW. The LINC+ project will be sustained for five years from 2017 to 2021. The university plans to expand a new center within Research & Business Foundation. The director of the center is Professor Kwan Young Lee, who is also research superintendent of Korea University. The key development plan of the KU LINC+ is “emerging future knowledge industry by establishing an integrated Industry-Academia Cooperation platform.” The university strives to develop a global Industry-Academia Cooperation model through the following diverse programs: Student-designed Major, Fusion Major, π-Ville for Young Entrepreneurs, and KU All-Set Support. The three core strategies of innovative national and local industries include △establishing a world-class Industry-Academia Cooperation infrastructure, △developing an integrated educational and research system for future industry, and △revitalizing Anam-Hongreung Valley. In particular, Korea University signed an MOU with KIST Graduate School. With Anam-Hongreung Valley, aiming to be Korea’s Silicon Valley, the university intends to pioneer and realize the world-class Industry-Academia Integration with industries, universities, research institutes, and communities. Once the platform is created, a variety of supports, including startup ideas and support services, will be offered by π-IDEAS Factory and KUBS Startup Institute in conjunction with local communities.
Recipients of the 2nd Seok-top Research Award
Recipients of the 2nd Seok-top Research Award Professor Martin Hemmert (International Business), Professor Mannsoo Shin (International Business), and Professor Ju Hyun Pyun (International Business) won the 2017 Seok-top Research Award. The award is granted to reward professors with excellent research achievements for their contributions and to encourage research. The judging criteria for the 2nd Seok-top Research Award are based on △academic research papers, △academic research journals, and △research grants. Faculty members who either have published papers in NSC Journal (Nature, Science, Cell Journal) as a first author or are in the top 3% of nine divisions — adding up the scores of △research quality, △research quantity, and △total research grants — have been selected as awardees.
Fall 2016 Seok-top Teaching Award Recipients
Fall 2016 Seok-top Teaching Award Recipients Six Korea University Business School (KUBS) faculty have been selected as recipients of the Fall 2016 Seok-top Teaching Award. The recipients are △Professor Byung Cho Kim, △Professor Jaehwan Kim, △Professor Kyung Sam Park, △Professor Hojung Shin, △Professor Kwan Hee Yoo, and △Professor Wooseok Choi (in the order of the Korean alphabet). The awarded courses include △Introduction to Operations Management (English) by Professor Byung Cho Kim, △Marketing Research (English) by Professor Jaehwan Kim, △Management Science by Professor Kyung Sam Park, △Introduction to Operations Management (English) by Professor Hojung Shin, △Principles of Accounting by Professor Kwan Hee Yoo, and △Intermediate Accounting I (English) by Professor Wooseok Choi. The Seok-top Teaching Award has been awarded since Spring 2004 as part of the “Teaching Performance Incentive System” in order to improve teaching quality and the educational environment. An award recipient is selected based on average scores provided by students who completed course evaluations at the end of a semester. Eligible awardees are full-time professors who are listed in the top 5% of each category: major courses offered by respective department, lectures delivered in English offered by respective division, and electives. Meanwhile, the recipients of the Teaching Excellence Award, granted to professors recognized in the top 20% of each division every semester, are as follows: △Professor Sang Yong Kim, △Professor Icksoo Kim, △Professor Jinbae Kim, △Professor Jungbien Moon, and △Professor Jay Hyuk Rhee (in the order of the Korean alphabet).
Emeritus Faculty Appreciation Party Held to Celebrate Teachers’ Day
Emeritus Faculty Appreciation Party Held to Celebrate Teachers’ Day On May 11 at 12:30 p.m., the 2017 KUBS Emeritus Faculty Appreciation Party was held. The appreciation party, an annual event hosted by KUBS to celebrate Teachers’ Day, was planned out to convey gratitude to the professors emeriti. A total of 12 professors (△Dean Soo Young Kwon, △Associate Dean Jaehwan Ki, △Associate Dean Woochan Kim, △Associate Dean Kyung Sam Park, △Associate Dean Jae-Nam Lee, △Professor Emeritus Ho Jin Kang, △Professor Emeritus Sang Koo Nam, △Professor Emeritus Soo Sik Sin, △Professor Emeritus Joon Young Shin, △Professor Emeritus Joon Bum Lee, △ Professor Emeritus Young-sup Yun and △Professor Emeritus Ik Soon Cho — in Korean alphabetical order) attended the event. “Professors emeriti, who devoted to students and the university, have been instrumentals in the growth of KUBS,” said Dean Kwon in his thank you speech. “Through this event, we were able to ruminate on lessons we have learned in the past and what true education is.”
The KUBS Beginning of Semester Party for International Students
The KUBS Beginning of Semester Party for International Students On March 16, the Beginning of Semester Party for KUBS International Faculty & Students was held in Ahn Young Il Hall of LG-POSCO Building. The Beginning of Semester Party, hosted by KUBS International Office, was organized to help international students and faculty members adjust to school life. Around 150 international students and professors, including KUBS Dean Soo Young Kwon, attended the event and socialized with each other. “I hope you all can build meaningful experience here at KUBS and be satisfied with your school life,” said Dean Kwon in his welcoming remarks. “You are welcome to come see me anytime if you have concerns or hardships.” The international undergraduates, graduates, and exchange students had time to share their lives at KUBS. Afterward, a networking session was held along with snacks. “Thanks to unstinting support from KUBS, I have no problem adjusting to life at the university,” said Edgar Nuwajuna, President of KUBS Global which is a student-led club helping regular KUBS international students. “I hope there will be more opportunities to interact with international students and professors.” Meanwhile, KUBS has a total of 405 international students and 95 exchange students as of Spring 2017. KUBS currently runs two programs called “KUBS Buddy (support for exchange students)” and “KUBS Global (support for regular international students)” to assist international students receiving global business education at KUBS.
“All Robots Fall Down; Do Not Fear Failure and Keep Challenging Yourself” – Special Lecture by Dr. Dennis Hong
“KUBS Futurum – Lecture Series” Launched…Dr. Dennis Hong Invited “All Robots Fall Down; Do Not Fear Failure and Keep Challenging Yourself” On May 22 at 4:00 p.m., Korea University Business School (KUBS, Dean= Professor Soo Young Kwon) hosted a special lecture featuring Dr. Dennis Hong, a professor at the University of California Los Angeles (UCLA), at SUPEX Hall in LG-POSCO Building as part of the “KUBS Futurum – Lecture Series.” Dr. Hong is world-famous robotics scholar known for developing a self-driving vehicle for the visually impaired and for awarding the Brilliant 10 by Popular Science in 2009. Around 250 people attended and heated up the lecture. ▶ Click here to view photos from the event ◀ “The KUBS Futurum is our effort to take steps into the future,” said KUBS Dean Soo Young Kwon during his welcoming remarks delivered prior to the special lecture. “I hope this lecture will allow KUBS to successfully prepare for the fourth industrial revolution.” Dr. Dennis Hong gave a lecture titled “All Robots Fall Down” for two hours. He began his lecture by saying, “Why must robots look like humans?” A humanoid robot is a robot that resembles a human. As the human body is incredibly complex, it is difficult to make robots walk on two legs like humans. Despite an intricate system of the human body, researchers are obsessed with creating humanoid robots that live together with people. To be used in daily life, robots must be in human form. Stairs and doorknobs are designed suitable for the human body to use. If robots do not have the shape of a human body, they may not be capable of use or access to tools for everyday life. Dr. Dennis Hong developed a robot called DARwIn and participated in the RoboCup. The competition, also known as Robot World Cup, is the world championship series for robots playing soccer from all over the world. Its mission is to field a team of robots capable of winning against the human soccer World Cup championship by 2050. “In DARWIN’s first RoboCup, it failed to kick a ball but instead hit a soccer-playing robot from the opposing team,” Dr. Hong said. “Even though we were disappointed about the results, when we saw the RoboCup trophy, we promised to win the championship next time.” After many trials and failed attempts on robot development, Dr. Hong finally won the championship. He then began his challenge of developing robots helping people. Dr. Dennis Hong, who believed the previous robots were too expensive and thus were inappropriate for education, developed “DARwIn-RoMeLa” and made his manuals for fabrication and assembly available online for free. People tried to persuade him not to give away his hard work, but it was no use. “Every time I am at a moment of choice, the reasons for starting this research crossed my mind,” he said. “Since I developed robots for both research and education, it is right to open up my technology for free.” His reason for participating in the DARPA Robotics Challenge, a competition in which robots perform complex, physically challenging tasks in a context of disaster scenarios, was also similar to this. Dr. Hong visited Fukushima, Japan after its nuclear plant disaster. As he saw the devastated radiation damage, he decided to develop a rescue robot that can save human lives. “During the Fukushima Nuclear Plant disaster, if there was someone to open a valve to avert an explosion, this tragedy could have been prevented,” Dr. Hong said. “What is the point of developing if we are unable to create robots that save humans and the world?” Dr. Hong have failed over and over during the competition. For instance, his robot’s head was torn apart by the wind at the preliminary rounds. One time, the robot fell over during the rehearsal, and his team had to rebuild its arm the day before the competition. Nevertheless, Dr. Hong accomplished the mission without giving up. Although he failed to garner an award, he invented NABiRoS, a two-legged robot, and BALLU, a balloon-bodied robot that never falls over, based on the past experience he went through. “All robots fall down and learn. Humans are the same as well,” Dr. Hong said meaning that just as robots fall over, break down, and overcome mechanical malfunctions, humans also enhance areas they lack and find an opportunity to challenge through numerous failures. “Do not fear failure and keep challenging yourself,” he added at the end of the lecture. “If you continuously ask yourself questions and enjoy challenges, you will be able to achieve your goal in the future.” Meanwhile, “Futurum,” which also means future in Latin, is a compound word made up of “Future” and “Forum.” The forum consists of a total of four sessions as follows: △Lecture Series, △Asia Trilateral Seminar, △Roundtable, and △Business and Economic Outlook. The KUBS Futurum aims to discover and ponder the future issues that Korean society and economy will confront as well as offering insights. Under the slogan “KU-the Future,” signifying that KU will open, lead, and make the future, since 2015, Korea University has been exerting its utmost efforts to nurture talents for the future society. Dr. Dennis Hong’s special lecture was held as part of the Lecture Series. The Asia Trilateral Seminar will be held this coming August in conjunction with Peking University in China and Hitotsubashi University in Japan. The purpose of the seminar is to share plans prepared for the fourth industrial revolution with China and Japan which are deeply tied to Korea economically. The seminar, titled “Strategies for Korean, Chinese, and Japanese Companies Entering Period of Low Growth," includes a debate on the changes in the future society and strategies and policies to lead the future. The Roundtable, held on the day before Ko-Yon Games (an annual student-led sporting event), is an annual discussion with invited alumni. The themes of the session are the past, present, and future. KUBS alumni will gather around to look back on the past, understand the present, and seek solutions to actively cope with a complicated future. In December, KUBS and the Department of Economics will jointly run the “Business and Economic Outlook.” Although a number of institutes in Korea and abroad release the microeconomic outlook, there is no single institute that provides specific outlook by industry. KUBS and the Department of Economics plan to publish a prospect report, covering quantitative outlook by sales, revenues, and investments of each industry. Reports will be released at an open seminar held in every early December and distributed online for free. View Related Articles 경영대학이 제시하는 미래비전, ‘KUBS Futurum’
KUBS Startup Institute Holds “CHOO CHOO DAY”
KUBS Startup Institute Holds “CHOO CHOO DAY” “CHOO CHOO DAY” helps business to be successfully stabilized through practical investment network. On May 18 (Thu) from 4:00 p.m. to 7:00 p.m., “The 2017 CHOO CHOO DAY” was held at the second floor of KUBS Main Building. The event was hosted by Korea University Business School (Dean=Professor Soo Young Kwon) and supervised by the KUBS Startup Institute. CHOO CHOO DAY is a demo day of the KUBS Startup Station, which is a startup incubation platform, and also is the last event of a six-month startup incubation program. The event was filled with enthusiasm of 150 participants including prospective entrepreneurs, venture capitalists, accelerators, and angel investors. The participating startup teams who joined the CHOO CHOO DAY are as follows: ① REDROCKET (crowdfunding service for college students), ② TRANDIST (market place using celebrity), ③ Kidop (customized 1 to 1 home visiting education service for children, ④ Taling (P2P talent sharing online platform), ⑤ VLOGR (video editing service), ⑥ Artridge (exporting Korean emoticons), and ⑦ CANVAS (3D printing/production/sales platform for jewelry designers. The seven startup teams had the opportunity to present their products and services for ten minutes each at the open IR (Invest Relations) session and information booths. The startup teams at the KUBS Startup Institute were selected through a startup competition called “The 2016 Startup Express.” Prior to the competition, only ten percent of applicant teams passed the application screening process and interview. Each team was granted a budget for operation expenses of 1,000,000 won. They also received an office space, available on the second floor of the Iljin Center for Startup Incubation, networks, and advertising & marketing services for free. The companies that signed an MOU with KUBS, such as △Kim & Chang (law firm), △PwC (accounting firm), △Amazon Web Service, and △Y Crowdfunding, provided practical business support as well. Over the past six months, venture capitalists and angel investors reviewed the overall business performance by conducting five times of mentoring sessions and mid-term appraisals. “This demo day has allowed our business to be more concretized and made us think about how to attract investment in reality,” said Vlogr CEO Taejun Lee who presented at the CHOO CHOO DAY. “As we diligently prepared for the event, I hope there will be fruitful results.“
“Global CEO Special Lecture” Course by Living Hankook CEO Young Mok Kim
“Global CEO Special Lecture” Course by Living Hankook CEO Young Mok Kim On April 27 (Thu), Living Hankook CEO Young Mok Kim presented a special lecture in room 432 of LG-POSCO Building. CEO Kim majored in Fine Arts at Washington University in St. Louis and also is an alumnus of the First Class of the KUBS Executive MBA. He established a global ceramics brand called “Prouna” and has lead to great success in Korean ceramics. The lecture included △Prouna Success Story, △Engines of Success, and △Vision of Living Hankook. When CEO Kim announced that he will create a luxury ceramics brand in Korea, most people thought it was impossible. “I barely convinced the chairman and received a 10 million won budget along with one year of time,” CEO Kim said. “I had to resign from my job if I could not make Prouna successful.” Although CEO Kim faced difficulties due to lack of budget and time, he successfully founded a global brand with the help of people around him and his passion. “Since the budget was limited, I had to create everything by myself – from making a brand name to brochure,” he added. “I was able to overcome the challenges by having faith in my dream and the people who built up a good rapport with me.” Prouna is already launched in department stores all over the world, including British luxury department store Harrods. In addition, the brand has been selected as one of the Queen Elizabeth’s birthday presents. “If you believe in your dream and stay humble, people will automatically lend you a helping hand,” said CEO Kim at the end of the lecture. “Always dream big and endeavor to achiever your goal.”
“Global CEO Special Lecture” Course by Etienne Rolland-Piègue, First Counsellor of French Embassy in Korea
“Global CEO Special Lecture” Course by Etienne Rolland-Piègue, First Counsellor of French Embassy in Korea On April 27 (Thu), Etienne Rolland-Piègue, first counsellor of French Embassy in Korea, delivered a lecture in room 432 of LG-POSCO Building. The lecture, titled “Economic and Management Studies in France,” covered an overview of promising economists by generation and an introduction to graduate schools of Economics and Business in France. “Among 25 brightest young economists selected by the International Monetary Fund (IMF), seven are alumni of a French graduate school,” First Counsellor Rolland-Piègue said. “In order to become a worldwide economist, I suggest you to enroll in a graduate school of Economics in France.” He emphasized that a French graduate school offers a more efficient MBA curriculum than a U.S. graduate school, as well as providing practical education. At the end of the lecture, the first counsellor mentioned Korean economist W. Chan Kim who is a professor at INSEAD. “Anyone can become a worldwide economist like Professor Kim if they work hard,” he added. “If you are interested in Mathematics and Economics, I recommend you to study Economics.”
World-famous Roboticist Dennis Hong Speaks at “KUBS Futurum Lecture Series”
World-famous Roboticist Dennis Hong Speaks at “KUBS Futurum Lecture Series” Korea University Business School (KUBS) launches “KUBS Futurum” which is an annual forum on the future. The first guest speaker of the Lecture Series is robot scientist Dennis Hong, a professor at the University of California Los Angeles (UCLA). The special lecture will be held on May 22 (Mon), and the title of his lecture is “How Will Robots Change the Future?” The session is open to KUBS students. Any inquiries can be directed to the Futurum Office at 02-3290-1306. Dr. Hong is prominent in the field of robotics for building a vehicle for blind drivers. He is also known as the Leonardo da Vinci of robots. Dr. Hong built his first humanoid soccer player called “DARwIn” and “BALLU,” a balloon-bodied robot filled with helium. “Futurum,” which also means future in Latin, is a compound word made up of “Future” and “Forum.” The forum consists of a total of four sessions as follows: △Lecture Series, △Asia Trilateral Seminar, △Roundtable, and △Business and Economic Outlook. The KUBS Futurum aims to discover and ponder the future issues that Korean society and economy will confront as well as offering insights. Under the slogan “KU-the Future,” signifying that KU will open, lead, and make the future, Korea University has been exerting its utmost efforts to nurture talents for the future society. Every May, the Lecture Series brings in world-renowned figures to share their insights. The session is intended to keep up with the latest trends on changes in the future society and to discuss about the outcomes of those changes. The Asia Trilateral Seminar will be held every August in conjunction with Peking University in China and Hitotsubashi University in Japan. The purpose of the session is to share plans prepared for the fourth industrial revolution with China and Japan which are deeply tied to Korea economically. The seminar, titled “Strategies for Korean, Chinese, and Japanese Companies Entering Period of Low Growth," includes a debate on the changes in the future society, and strategies and policies to lead the future. The Roundtable, held on the day before Ko-Yon Games (an annual student-led sporting event), is an annual discussion with invited alumni. The themes of the session are the past, present, and future. KUBS alumni will gather around to look back on the past, understand the present, and seek solutions to actively cope with a complicated future. In December, KUBS and the Department of Economics will jointly run the “Business and Economic Outlook.” Although a number of institutes in Korea and abroad release the microeconomic outlook, there is no single institute that provides specific outlook by industry. KUBS and the Department of Economics plan to publish a prospect report, covering quantitative outlook by sales, revenues, and investments of each industry. Reports will be released at an open seminar held in every early December and distributed online for free. “The KUBS Futurum will provide the opportunity to examine the fourth industrial revolution, which still brings uncertainty for the future, and to find directions for humanity to steer,” KUBS Dean Soo Young Kwon said. “I hope you can learn how companies facing Intelligence Society will transform and how the Korean economy can survive in this rapidly changing environment. In addition, this forum allows intellectuals to assemble and think about what entrepreneurship is.”
The Enneagram: the Opportunity to Look into Yourself before Job Search
The Enneagram: the Opportunity to Look into Yourself before Job Search “The Enneagram is a way of getting to know ourselves one step closer” On April 14 at 2:00 p.m., the Spring 2017 Undergraduate Career Development Program “Understanding Yourself Seminar: Enneagram” was held at Cuckoo Hall in LG-POSCO Building. The Enneagram, one of the personality analysis tool, is from the Greek words “Ennea (nine)” and “Grammos (drawn).” The Enneagram is an adequate self-assessment program that addresses “how I perceive the world,” “what decision would I make under certain circumstances,” “what are my values,” etc. The title of the lecture was “9 Personality Types that Understand Myself and the World.” “Before building specs (derived from the word “specifications”), understanding yourself is the top priority,” said lecturer Hyunjoo Choi while explaining the importance of understanding oneself. “You will have an eye to understand yourself better.” Each person has a frame of particular personality. “One can grow if he is set free from his own frame and develops himself. However, although most people have the key to unlock the door, they are not striving to open it,” she added. “Just as you watch a play or movie, taking one step behind and facing yourself is the beginning of understanding yourself.” The participants had time to think about what kind of person they are. They wrote down their nickname, motto, role model, strength, and weakness to understand each other. Afterwards, the “Finding Your Enneagram Type” test was conducted. Lecturer Choi gave personal growth recommendations based on one’s traits that were analyzed through Enneagram Type 1 to 9. For instance, the one with the Enneagram Type 7 “the Enthusiast” believes there is always a better option out there and thus always pursue happiness. “As types sevens speed up their pursuit of whatever seems to offer satisfaction, people tend to misunderstand them as an escapist. So, sevens must realize that they do not have to have everything this very moment,” lecturer Choi advised. “Each personality has both healthy and unhealthy sides,” said lecturer Choi after completing the test. “If people think that they are close to the healthy side, they generally believe their personality is good and vice versa.” Diving personality good or bad is meaningless. “In the Enneagram, a person has a supplementary type called ‘wing,’ adjacent to one’s primary type. As you understand a blend of the two types and check your personality healthiness, you can find your personal growth and intrinsic quality,” she added. “Because I am a second year student having concerns on the future career, I have decided to join the program to get help,” said Seoyeon Lee (Business, ’16) who attended the lecture. “The Enneagram has helped me understand myself even better.
A Paradigm Shift in an Era of Low Growth and Uncertainty” – EMBA Care Program by KUBS Dean Soo Young Kwon
EMBA Care Program by KUBS Dean Soo Young Kwon “A Paradigm Shift in an Era of Low Growth and Uncertainty” On April 14 at 7:30 p.m., The 2017 EMBA Care Program (Continuing Alumni Reaching-out & Education) was held in room 433 of LG-POSCO Building. KUBS Dean Soo Young Kwon gave a lecture on “A Paradigm Shift in an Era of Low Growth and Uncertainty” for about an hour and fifteen minutes. A total of 40 participants including advisor Hyun Sang Yoon, Program Director Jae Uk Chun, and the 13th Class of the EMBA, were present. Recently, the entire world is mired in a low-growth slump,” Dean Kwon said. “I hope this session will help us think and find out what we can do in this regard.” The lecture was presented in the following order: △Company Life Cycle, △An Era of Low Growth and Uncertainty, △Growth Paradigm Shift, and △Strategies to Be a Sustainable Company. “Recently, the company life cycle is getting shorter,” Dean Kwon said. “Only 29 percent of new businesses in Korea survived five years or more.” This negative trend occurred globally and not just in Korea. The situation is not much different with global companies. Dean Kwon said that the reasons for the short company life cycle is “long-term low growth” caused by slow economic growth and decline in international oil prices. The most serious malaise is the “interest rate increase.” The increase in the benchmark interest rates leads to capital outflows of emerging countries, and this impacts the possibility of fluctuating currency exchange rates — just as the Latin America debt crisis and the Asian currency crisis. A country with high dependence on debt and weak economic growth is more likely to face a crisis. “A paradigm shift to drive the change of economic structure is necessary in preparation for external shocks, such as currency and interest rate risks,” Dean Kwon mentioned. “Things that we just imagined in the past are becoming real in an era of uncertainty,” he said. “This is why we have to beef up our agility.” Companies that simultaneously possess two types of agility — strategic resilience and organizational resilience — can overcome a crisis. Resilience is the ability to bounce back to the prior level of performance and have strengthened competitiveness than prior to a crisis. “Having the ability to read the future as well as momentum to overcome calamity will normalize your business and sustain its growth.” In order to be a sustainable company, Dean Kwon emphasized the three key strategies: △communication and analysis, △cooperation and win-win, and △determined and continued momentum. He believed that it is important to overcome internal and external obstacles and risks through innovations, such as restructuring and new product development, and to have a driving force to respond to changes in the external environment. “The most significant thing in an era of low growth and uncertainty is making your conditions favorable to you,” added Dean Kwon at the end of the lecture. “You can overcome external difficulties if you do not give up and move forward.” “This issue is applicable to everyone who will live through an era of uncertainty,” said Yeo Dong Yun, president of the EMBA Alumni Association, who attended the lecture. “The lecture was informative as Dean Kwon analyzed the phenomena and provided direction for the future.” The EMBA Care Program allows graduates to continue their studies even after graduation, as well as expanding a network with current students. Each lecture covers a variety of topics based on social issues, including business and history.
“Global CEO Special Lecture” Course by Astronergy Solar Korea CEO Jyh-Ping Chang
“Global CEO Special Lecture” Course by Astronergy Solar Korea CEO Jyh-Ping Chang On April 13 (Thu), Astronergy Solar Korea CEO Jyh-Ping Chang gave a lecture in room 432 of LG-POSCO Building. As an alumnus of the Class of ’79 at Korea University Business School (KUBS), CEO Chang donated numerous times for the development of the school. He currently serves as an adjunct professor at KUBS. The lecture, which was mainly focused on renewable energy industry, covered △Concept and Principle of Solar Power and △Prospect for Renewable Energy. Without having any particular technology, CEO Chang founded a company whose annual sales are 100 billion won in solar power industry. “The key to success in business is entrepreneurship,” he said. “Before taking the path of an entrepreneur, I sat down in a bookstore to read countless books on startups.” CEO Chang also focused on benefits of renewable energy and its potential in the future. “Solar power is semi-permanent, which means that there will be no additional cost once it is created,” he added. “Although renewable energy is not rapidly pervaded due to political issues and cost, it will get popular someday.” “Among renewable energy, solar power industry has lower barriers to entry,” CEO Chang said. He emphasized to students that they should pay attention to renewable energy industry and not be afraid of it. The “Global CEO Special Lecture” course, which is offered by Professor Soo Young Kwon, is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures in May are as follows: △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), and △Swarovski CEO Nami Oh (May 25).
[KUBS Startup Institute: Lecture Series #2] “Everything about Startup M&A and Investment” by Fast Track Asia CEO Jiwoong Park
[KUBS Startup Institute: Lecture Series #2] “Everything about Startup M&A and Investment” by Fast Track Asia CEO Jiwoong Park On April 18 (Tue), Fast Track Asia CEO Jiwoong Park delivered a lecture at the KUBS Startup Station. The lecture, titled “Everything about Startup M&A and Investment,” was held as part of the Entrepreneurship Academy Lecture Series. The session included △Introduction to Fast Asia Track, △Life as a Venture Capitalist and Entrepreneur, and △Advice on Startup. CEO Park co-founded Fast Track Asia in 2012 under the concept of “Company Building Company.” The two representative companies that Fast Track Asia invested in were Timon and Baedal Minjok. “The software industry will gradually expand,” CEO Park said. “We have been reaching out to industries in which the market size is large but software services are yet to be developed.” Afterwards, CEO Park talked about life as a venture capitalist. CEO Park said that it is important for those who chose to be a venture capitalist to walk its path as soon as possible. “A venture capitalist is assessed solely by performance, not oneself nor one’s diligence,” he added. “It is significant to study markets and industries and improve your performance rather than just gaining knowledge of venture capital.” During the Q&A session, the audience asked what the most important quality of a venture capitalist was. “If you invest for a long period of time, you may become arrogant and confident in a certain industry,” CEO Park said. “Thus, maintaining your humility will help you build trust in relations and play a key role when investing.”
Dr. E. Han Kim, Professor of Finance, Delivers Special Lecture
Dr. E. Han Kim, Professor of Finance, Delivers Special Lecture The title of the lecture is “Equity Financing, Capital Skill Complementarity” On April 21 (Fri), the Finance Seminar, hosted by the Area of Finance, was held in room 216 of LG-POSCO Building. The world-renowned scholar E. Han Kim was invited as a guest speaker. The title of the lecture was “Equity Financing, Capital Skill Complementarity.” KUBS Dean Soo Young Kwon and about 40 master’s and doctoral students attended the lecture. The seminar began with a welcome address and a brief introduction of the speaker by Professor Dongcheol Kim. Professor E. Han Kim initiated the lecture by introducing his recent publication titled “Equity Financing, Capital Sill Complementarity.” The paper covers whether infusion of new capital affects wages. “If you take a closer look at employee composition by education of high-skilled employees, higher labor costs are driven by capital skill complementarity,” Professor Kim said. “More broadly, our results illustrate how differential access to stock markets affects the relative demand for high- versus low-skilled employees, which, in turn, might influence income inequality.” Moreover, an active discussion stood out during the seminar. The participants asked in-depth questions related to the paper while having an incisive debate over the reality of Korea. This scholarly discussion became heated as Professor Kim answered the questions. “Although Finance is not my area of study, the lecture given by the world-renowned professor helped me understand the area even better,” Hyung-Keun Song (master’s student of MIS) said. Professor E. Han Kim currently serves as a professor at the University of Michigan. He is also known as the world’s eminent finance scholar who has been contributing to boost the research reputation of Korea by consistently publishing papers in the top finance journals.
KUBS and STEPI Jointly Host “Global Young Innovators Talk”
KUBS and STEPI Jointly Host “Global Young Innovators Talk” On April 18 (Tue), Korea University Business School (Dean=Professor Soo Young Kwon) and Presidential Committee on Young Generation at Science & Technology Policy Institute (STEPI) jointly hosted “The Global Young Innovators Talk.” The topic of the session is entitled: “Global Collaborations for Youth Startups.” KUBS Dean Soo Young Kwon, STEPI President Jong-guk Song, Committee Chairman Yongho Park, and about 60 students attended the event. Miso Co-founder Haksu Lee and moonROK CEO Hannah Waitt shared their startup stories and know-hows to youth dreaming of starting a global business. The session included a panel discussion followed by networking session. “It is an honor to host this wonderful event at the KUBS Startup Station, which is an innovation platform, for young global startups,” said Dean Kwon during his welcoming speech. “Hopefully, there will be more global exchanges and cooperation.” After Dean Kwon’s welcoming speech, CEO Hannah Waitt talked about K-pop platform company “moonROK(www.moonrok.com)” and her startup story. The meaning of moonROK is the door to Korea. “I fell in love with K-pop after watching Girls’ Generation’s music video,” Waitt said. “Because I did not know about any Asian culture, I wanted to learn a language first.” She also mentioned about adaptation of Korean business and struggles that she went through as a female CEO. “You have to believe your thoughts. Keep in mind that the one who can persuade others is yourself,” she added. ▲ CEO Hannah Waitt ▲ Co-founder Haksu Lee Miso Co-founder Haksu Lee delivered his company’s story including its establishment and the process of receiving support from venture capitalist “Y Combinator.” Miso provides on-demand home cleaning services and uses a system where cleaners with jobs do not have to pay membership fees and can reserve convenient locations and times. “At first, we started at a very small office. While we lived together, our efforts to discover innovative things everyday have been extremely helpful,” Lee said. “Even if it is slow in the beginning, I hope you can drive innovation in our daily life.”
[KUBS Startup Institute: Lecture on Demand #1] “Official Documented Agreement Can Prevent Dispute between Shareholders” -Special Lecture by Partner Hoseok Jung
[KUBS Startup Institute: Lecture on Demand #1] Special Lecture by Partner Hoseok Jung “Official Documented Agreement Can Prevent Dispute between Shareholders” On April 11 (Tue), the 2017 Lecture on Demand was held at the KUBS Startup Station. The first guest speaker was Seum Law Firm Partner Hoseok Jung. In the lecture, Jung shared practical knowledge such as △splitting shares between founders and △major issues when starting a corporation. Lawyer Jung is an alumnus of the 38th Class of the Judicial Research and Training Institute. Prior to serving at Seum, he was a partner at Shin & Kim. Jung mainly works with popular startups in Korea and abroad, IT companies, capitalists, and startup accelerators. “A dispute over share occurs quite often in small startups,” Jung said. “Writing an official agreement with shareholders can prevent this issue in advance.” “You must carefully allocate shares even if it is a small amount,” he added. Jung also talked about practical legal information including key issues when establishing a corporation and composition of executives. A Q&A session was held at the end of the session. One of the audience asked whether a CEO must own more than 50% of stocks. “In order to make a decision effectively, CEO is required to own more than 50% of stocks. If not possible, you can make an adjustment through agreement with shareholders.” Jung said. “I am actually planning to start my own business, and this session was helpful. Thanks to Lawyer Jung’s lecture, I have learned practical knowledge necessary for my future business,” said Jin Kyu Lee (Business Administration, ’14) who participated in the lecture. The KUBS Startup Institute has been hosting a practice-focused lecture “Lecture on Demand” and a venture lecture “Lecture Series” to provide startup education. These special lectures are open to KUBS startup teams, KUBS students, and anyone interested in starting their own business. Any inquiries can be directed to the KUBS Startup Institute at 02-3290-2551.
Dean’s Luncheon Held for Students to Recognize Academic Excellence
Dean’s Luncheon Held for Students to Recognize Academic Excellence in Fall 2016 On March 29, Korea University Business School (KUBS; Dean=Professor Soo Young Kwon) held the Dean’s Luncheon at Cuckoo Hall in LG-POSCO Building. The event is designed to recognize students who demonstrated exceptional academic achievement in Fall 2016 and to encourage their studies. Fifteen students attended and enjoyed the luncheon with KUBS Dean Soo Young Kwon. The students had the opportunity to talk with Dean Kwon, as well as sharing the overall school life including their studies and career goal. Dean Kwon encouraged the students excelling in academics and also advised them to do their best in the future. “I would like to give a sincere round of applause for the students who worked so hard on their studies,” Dean Kwon said at the award ceremony. “KUBS will continue to fully support students to ensure they reach their goals.” A total of 35 students earned a perfect GPA as of Fall 2016. Of 35 students, eleven students who maintained a 4.5 GPA two semesters in a row (Spring and Fall 2016) were granted the President’s Award. The rest of the students received the Dean’s Award for having a perfect GPA in Fall 2016 only.
KUBS Produces the Largest Number of CEOs in Top 500 Companies among Private Universities
KUBS Produces the Largest Number of CEOs in Top 500 Companies among Private Universities Korea University Business School (KUBS Dean=Professor Soo Young Kwon) is ranked first among Korean private universities in producing the largest number of CEOs in Top 500 Companies. While Korea University has the highest number of CEO alumni among private universities in Korea, KUBS is the top producer of CEOs at the college level. The CEO Score (Head Ju-gun Park), an organization that evaluates corporate management performance, conducted a survey on the alma maters of the 480 CEOs of the top 500 companies in Korea, and confirmed that 19 CEOs are graduates of KUBS as of April 1. The notable CEOs who graduated from KUBS include △Chang-soo Huh; Chairman of GS Group (Business, ’67), △Cheol Young Lee; CEO of Hyundai Marine & Fire Insurance (Business, ’71), △Jin-soo Huh; Vice Chairman of GS Caltex (Business, ’72), △Jeongwon Park; Chairman of Doosan Group (Business, ’85), △Mong-won Jeong; Chairman of Halla Group (Business, ’74), △Mong-jin Chung; Chairman of KCC (Business, ’79) △Mong-gyu Chung; Chairman of Hyundai Development Company (Business, ’80), △Chang-soo Kim; CEO of Samsung Life Insurance (Business, ’73), and △Young-jin Lim; Chief of Shinhan Card (Business, ’86). In the overall rankings, including public universities, Seoul National University Business School is ranked No. 1 by producing 21 CEOs. △Yonsei School of Business (14 CEOs) came to third followed by △Seoul National University School of Chemical Engineering (11 CEOs), △Seoul National University School of Law (9 CEOs), and △Korea University Law School (8 CEOs). According to the survey, the universities that have produced the most CEOs are △Seoul National University (122 CEOs), △Korea University (52 CEOs), and △Yonsei University (44 CEOs). The most common degrees among CEOs are as follows: △Business Administration (105 CEOs), △Economics (39 CEOs), △Engineering (30 CEOs), △Chemistry & Chemical Engineering (30 CEOs), and △Law (24 CEOs).
“Global CEO Special Lecture” Course by Polestar Healthcare CEO Yeo Dong Yun
“Global CEO Special Lecture” Course by Polestar Healthcare CEO Yeo Dong Yun On April 6 (Thu), Yeo Dong Yun, CEO of Polestar Healthcare, conducted a lecture in room 432 of LG-POSCO Building. Polestar Healthcare is a high-tech company that provides radiology services. The title of the lecture was “Entrepreneurship & Frontier Spirit.” “Being a medical doctor, I strongly felt a need for business knowledge and thus decided to pursue the EMBA Program at Korea University,” CEO Yun said. “It was not easy to work and study at the same time, but I have learned much more than I expected.” “Medicine and social science are inseparable. Whatever job you get, you should have entrepreneurship and frontier spirit to keep up with today’s changing society,” he added. “To achieve my goal of developing business that can contribute to society, I walked into a bookstore and read startup books. If you come up with a creative idea, start your business with an entrepreneurial spirit.” CEO Yun, who is also the President of EMBA Alumni Association, ended his lecture after stressing not to lose Korea University’s principle “Frontier Spirit.” The “Global CEO Special Lecture” course offered by Professor Soo Young Kwon is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures are as follows: △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15).
KU Tops among Korean Private Universities in QS World University Rankings by Subject
KU Tops among Korean Private Universities in QS World University Rankings by Subject Of 302 universities, Korea University is ranked 45th for the subject of Business & Management in the QS World University Rankings, resulting in the best performance among the private universities in Korea. The overall score of Korea University (KU) for the subject of Business & Management is 77 points, ranking second in Korean universities after Seoul National University (79.5 points). KAIST and Yonsei University are ranked in the top 51-100, while Hanyang University and Sogang University joined the 101-150 list. The other domestic universities appeared in the rankings as follows: Kyung Hee University in the 51-100 range, Ewha Womans University in the 201-250 range, and Chung-Ang University in the 251-300 range. Harvard University has been ranked as the top university in the world followed by London Business School (2nd), INSEAD (3rd), Massachusetts Institute of Technology (4th), and University of Pennsylvania (5th) In addition, KU is ranked 47th worldwide in the subject of Accounting & Finance among 200 universities with the overall score of 74.7. Among universities in Korea, KU came in second after Seoul National University (76.1 points). The university scored higher than the previous year. Quacquarelli Symonds (QS), an organization evaluating global universities, has been annually releasing “The World University Rankings” since 2011. This particular ranking covers 46 disciplines and evaluates based on four performance indicators, such as △Academic Reputation, △Citations per paper, △Employer Reputation, and △H-index citations. The first 50 universities are ranked sequentially whereas those that fall between 51 and 200 are grouped into three categories: 51-100, 101-150, and 151-200. Meanwhile, KU is ranked within the Top 50 in 8 out of 46 disciplines and has outperformed the private universities in the nation. Furthermore, the university received an excellent evaluation by placing in the Top 100 in 24 other disciplines.
[KUBS Startup Institute: Lecture Series #1] Special Lecture “Things You Should Never Do with Your Startup” by Peoplefund CEO Joey Kim
[KUBS Startup Institute: Lecture Series #1] Special Lecture “Things You Should Never Do with Your Startup” by Peoplefund CEO Joey Kim The KUBS Startup Institute (Director=Professor Ho-Won Jung) hosts a monthly lecture series during Spring 2017 in order to help startup teams and students develop basic qualifications required of a future entrepreneur. On March 14 (Tue), the first lecture series was held in the KUBS Startup Station. The special lecture, titled “Things You Should Never Do with Your Startup,” was delivered by Peoplefund CEO Joey Kim (Business Administration, ’00). “Before you start your business, you must ask yourself a question: Am I the qualified one to run a startup,” CEO Kim said. “It is important for you to figure out if your tendency fits the followings: △Perspectives, △Choice, △Execution, △Leadership, and △Humility.” “If you are thinking about becoming a future entrepreneur, you should think that failure is part of the process of success. For example, if you draw a tree a thousand times, enjoy drawing, and have a faith in it, you will eventually draw the best tree,” he added. CEO Kim, who is an alumnus of Korea University Business School, served as a consultant at Bain & Company, one of the world’s leading management consulting firms. He was also a Senior Associate at Softbank Ventures, an internet and mobile venture capital, and mainly worked on investment and post management. In 2014, CEO Kim founded “Peoplefund,” which is Korea’s only peer-to-peer lending platform that provides a legal financial service through the banking sector. On April 18 (Tue) at 6:00 p.m., the second lecture series “A Company that Builds Companies: Fast Track Asia and M&A Case” will be presented by Fast Track Asia CEO Jiwoong Park. Any inquiries can be directed to the KUBS Startup Institute at 02-3290-2551.