• Celebrating the 60th Year of IBRE
    Celebrating the 60th Year of IBRE
  • KUBS, South Korea's Top MBA for the 6th Consecutive Years
    Korea's Top MBA for 10 Straight Years
  • KUBS Signs International Partnership Agreement with University of Michigan’s Ross School of Business in the U.S.
    International Partnership Agreement
  • KU Achieved the Highest Pass Rate on the 1st Round CPA Exam 2018
    KU, Highest Pass Rate on CPA 1st round
  • Korea University, #1 Private University in Korea in the QS World University Rankings
    KU Outperforms Korean Universities in QS
Astronergy Solar Korea Co., Ltd. CEO Chang Jyh Ping (Business ‘79), Donation of 500 Million Won to KUBS
Astronergy Solar Korea Co., Ltd. CEO Chang Jyh Ping (Business ‘79), Donation of 500 Million Won to KUBS   Chang Jyh Ping, CEO of Astronergy Solar Korea Co., Ltd. , donated 500 million won to finance scholarship at KUBS. Mr. Chang is a KUBS alumnus from entering class of 79 and the donation ceremony was held at KU Main Hall on July 10.   (From the left) KUBS Dean Soo Young Kwon, Chang Jyh Ping (Business’79), KU President Jaeho Yeom, Vice President for Development and External Affairs (Professor Byung Hyun Yoo) (Picture by Communication Team) At the donation ceremony, Mr. Chang Jyh Ping commented, “I am committed to corporate social responsibility. And I thought the donation to KUBS would be meaningful to support my junior students at KUBS.”   KU President Jaeho Yeom replied “Thank you for your thoughtful contribution for KUBS students,” “I will make sure the contribution will be used to support future leaders at KUBS.” Mr. Chang started his career at Sammi Development Project Division in 1983, then he served as a president of Kolon Global Corp.’s Hong Kong affiliated company. In 2009, he established Astronergy Solar Korea Co., Ltd. and was appointed as CEO. Since 2015 he was also appointed as an adjunct professor and a member of the advisory committee at the Business School. Mr. Chang is the president of the 84th KUBS AMP Alumni Association. CEO Chang Jyh Ping cares about corporate social responsibility and continues his thoughtful contributions inside and outside of Korea. Examples include the donation to musical theatre ‘Town Musicians of Bremen’ for children from low-income households, and donation to ‘Hongcheon Hae Mil School’, a multicultural alternative school, for the installation of photovoltaic power generation facilities. Moreover, Mr. Chang organized an energy welfare project, ‘Sunlight, Happiness, and Sharing’ with Gangwon-do Province’s Korea Energy Agency. He made a donation for Fiji Natural Disaster Rehabilitation and another donation of ten thousand briquettes to the underprivileged.     See more articles (Korean) ※ 제목을 클릭하면 기사 원문을 확인하실 수 있습니다. [연합뉴스] 장치평(경영79) 아스트로너지쏠라코리아 대표, 고려대에 5억원 기부 [연합포토뉴스] 장치평 아스트로너지쏠라코리아 대표, 고려대에 5억원 쾌척 [세계일보] 태양처럼 뜨거운 고대사랑…장학금 5억 기부 [한겨레] 11일 동정 [매일일보] 장치평 아스트로너지쏠라코리아 대표이사, 고려대 경영대학 장학금 5억원 기부 [베리타스알파] 장치평 아스트로너지쏠라코리아 대표이사, 고려대 장학금 기부 [대학저널] 고려대, 장치평 아스트로너지쏠라코리아 대표로부터 5억 원 기부받아 [천지일보] 장치평 아스트로너지쏠라코리아 대표이사, 고려대에 장학금 5억 기부
Jul 11, 2018
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NEWS
Korea University Graduate School of Business Hosted ‘2018 Global Immersion Program for Fudan University’
Korea University Graduate School of Business Hosted ‘2018 Global Immersion Program for Fudan University’ Held for Five Days from July 23 (Mon), With Participants of 26 MBA Students at Fudan University   Korea University Graduate Business School of Business (Dean=Soo Young Kwon) announced that the Graduate School will be hosting ‘2018 Global Immersion Program for Fudan University’ for MBA students at Fudan University, Shanghai, China. The program will be held for five days from 23rd to 27th of July (Mon-Fri). The program is held for the third time since 2015, and the participants will be able to attend lectures at Korea University and participate in company visits in South Korea.   This year, participants will be able to attend special lectures at the Graduate School of Business by △Professor Mannsoo Shin △Professor Janghyuk Lee △Professor Jungbien Moon. In addition, participants will also be able to visit △Amore Pacific Story Garden △Samsung d’light △Hyundai Motor Studio Goyang △SM Town Museum. The program also offers a campus tour to the participants from Fudan University as well.   Dean Soo Young Kwon added, “the idea of this program is to allow the participants to as much experience on campus in a given period of time. I hope the program will be a great step to continue academic exchanges with Fudan University”.
Jul 09, 2018
59
NEWS
Fall 2017 Seok-top Teaching Awards Winners – 9 Professors from KUBS
Fall 2017 Seok-top Teaching Awards Winners – 9 Professors from KUBS     (From the top left: Professor Byung Cho Kim, Professor Sang Yong Kim, Professor Kim, Woochan, Professor Jungbien Moon, Professor SOHN, BUMJEAN, Professor Weon Sang Yoo, Professor Chris Changwha Chung, Professor Wooseok Choi, Professor Joon Ho Hwang) The Business School is proud to inform you that nine Korea University Business School (KUBS) faculty members have been selected as the winners of the Fall 2017 Seok-top Teaching Award. The winners are △Professor Byung Cho Kim △Professor Sang Yong Kim △Professor Kim, Woochan △Professor Jungbien Moon △Professor SOHN, BUMJEAN and △Professor Weon Sang Yoo △Professor Chris Changwha Chung △Professor Wooseok Choi △Professor Joon Ho Hwang (in the order of the Korean alphabet). Their winning courses are △Introduction to Operations Management (English) by Professor Byung Cho Kim △Marketing Management by Professor Sang Yong Kim △Corporate Governance (Eng.) by Professor Kim, Woochan △Social Entrepreneurship by Professor Jungbien Moon △Investments (Eng.) by Professor SOHN, BUMJEAN and △ Marketing Management (Eng.) by Professor Weon Sang Yoo △International Business (Eng.) by Professor Chris Changwha Chung △Intermediate AccountingⅠ by Professor Wooseok Choi △Corporate Finance (Eng.) & Financial Management (Eng.) by Professor Joon Ho Hwang.   The Seok-top Teaching Awards commenced from Spring 2004 as part of the ‘Teaching Performance Incentive System’. The idea is to improve the quality of teaching for our students and to provide a better educational environment. The winners are selected based on overall scores evaluated by students via a course evaluation survey held at the end of each semester. The awards go to full-time professors whose courses are listed on the top 5% of each category (Major courses: top 5% result among each school’s total major courses; Elective courses: top 5% result among the University’s total elective courses; Courses in English: top 5% result among the relevant division’s total courses).   In addition, 19 courses at the Business School taught by 17 full-time professors were also awarded the Teaching Excellence Awards. The criteria of the Teaching Excellence Awards include the recognition as the highest 20% of each division each semester.
Jul 05, 2018
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Insung Research Award Implemented by Yoo Hui Sung Donation
Insung Research Award Implemented by Yoo Hui Sung Donation     Korea University Business School is proud to announce that ‘Insung Research Award’ has been implemented. The source of research fund has been donated by KUBS alumni Mr. Yoo Hui Sung (Commerce ‘58), and the fund will be awarded to KUBS professors with outstanding research performance.   The awardees will be four full-time academic staffs at the Business School, with a prize of up to 30 million research fund. To be selected as an Insung Research Award winner, △the academic staff must demonstrate an outstanding level of research which must be agreed in the academic circle of Business Administration △a research that potentially raises discussions for further researches △a research that can potentially be published in internationally renowned journals.   Insung Research Award will be financed by 200 million won of Insung Research Fund, which is part of the amount Mr. Yoo Hui Sung contributed to the School after the disposal of property worth 2.2 billion won.   In fact, this is the third time Mr. Yoo made the contribution to Korea University. His first donation of one billion won was made in April 2011, which was used to finance the construction of Hyundai Motor Hall. In response to his donation, KUBS named one of the lecture rooms, Room B205, as ‘Yoo Hui Sung Lecture Room’ to appreciate his contribution.   The second donation he made was in July 2015, a contribution of 1.2billion won to Korea University. It was the start of Insung Fund, which provided students with financial support. Insung Fund is used to minimizing students’ financial burden. In fact, not exclusive to the tuition fee, the scholarship was granted to students’ monthly living expenses as well as airfare for exchange students.   Yoo Hui Sung used an analogy between money to sea. “You know how they say you will not be able to relief thirst even if you drink all of the seawater, I think that applies to the use of money. In terms of money, you will never be satisfied – as you get richer, the ‘thirst’ gets stronger. So I figured, I need to make contributions when I can, so I will not regret when I look back.”  
Jul 05, 2018
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Franklin Templeton Investments CEO Yong-Bae Jeon, ‘CEO Talk’ for Full-Time MBA Students
‘CEO Talk’ for Full-Time MBA Students - Franklin Templeton Investments CEO Yong-Bae Jeon “Ensure to Be Familiar with Emerging Trend in the World Finance” On June 14th, KUBS opened a ‘CEO Talk’ lecture for our full-time enrolled MBA students at Hyundai Motor Hall, Room 403. The guest speaker was Mr. Yong-Bae Jeon, CEO at Franklin Templeton Investments. In his lecture ‘Global Trend and Leadership’, Mr. Jeon particularly focused on △Global Trend: World’s Leaders △Global Trend: Technological Revolution and FinTech △Leadership: Authority on the Investment.   Mr. Yong-Bae Jeon first pointed out that in understanding the rapidly changing trend in the world, it is important to pay attention to the world’s key leaders. “In particular, keep up with the updates on the political and diplomatic initiatives of the major trade countries: the U.S., China, Russia, and Japan.” He continued, “the aggregate market value tells you a business’s profit as well as its profit. The aggregate market value is a very important index that indicates the world trend.” Mr. Jeon explained his point by presenting aggregate market values of Apple, Amazon, Alibaba, Ten Cents.   Mr. Yong-Bae Jeon highlighted the disruptive technology as an example of the importance of aggregate market value. Disruptive technology refers to a new technology that potentially opens up a new era in the industry and takes a large part of the market. He explained, “A good example can be Uber; up until the 2000s, no one came up to the business idea of the riding sharing service. Who knows what kind of technological developments we will encounter in the 2020s.”   He suggested Cloud Computing, IoT, and E-Commerce as the three main technological developments. In particular, Mr. Jeon said “The one-day sales of Alibaba on the Chinese Black Friday was 28 trillion won. It indicates the potential of the e-commerce market, and I think Amazon and Alibaba will lead the market growth.”   On the other hand, Mr. Jeon emphasized the importance of FinTech. He explained that largest part of unicorn startup companies is FinTech companies. He suggested an example of blockchain as the innovative application of FinTech. “Blockchain is highly disruptive and innovative technology. I highly recommend you to be familiar with it, because it will be one of the economy’s leading force in the future,” he added.   Mr. Yong-Bae Jeon concluded his CEO Talk by suggesting an ideal attitude on investment by referring to Warren Buffet and Rupert Johnson, the founder of Franklin Templeton Investments. Mr. Jeon first explained the two rules of thumb on investment by Warren Buffet. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” “Always be careful not to lose money; no matter how much it is and how long you had been working for that money, it won’t take five minutes to lose all of it,” he added. The last point he stressed was the investment rule by Rupert Johnson, “Buy when the pessimism in the market reaches the highest; Sell when the market is irrationally optimistic.”  
Jul 05, 2018
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[The 60th Year Celebration for IBRE] Special Academic Events Held for Korea University IBRE’s 60th Year Celebration
Special Academic Events Held for Korea University IBRE’s 60th Year Celebration   As a part of its 60th-year anniversary celebration, Korea University Business School’s Institute for Business Research and Education (IBRE) held a total of seven academic conferences throughout May and June. The conferences were hosted by each research center at IBRE, △Asia Business Research Center △Finance Research Center △Marketing Research Center △LSOM Research Center △Visionary Companies Research Center (High-performance Companies Research Center) △Digital Innovation Center △Accounting & Taxation Research Center.   The first conference was the ‘International Business Homecoming Conference’ by Asia Business Research Center held on May 11th. Asia Business Research Center is a research group for international business researches, mainly by international business professors at KUBS. The main areas of research are microeconomic researches including the level of each year’s business performance as well as macro level researches including market structure, industry, trade and investment environment.   The second conference held on the 18th was the ‘Finance Homecoming Conference’ by Finance Research Center. The main focus of the Finance Research Center is to investigate most appropriate research environment in accordance with the deepen and diversified capital and finance market in Korea. The center hosts regular research presentations inviting researchers in Korea and overseas, and it also provides assistance on postgraduate candidates’ thesis. Overall the center facilitates active academic exchanges and supports future researchers.   Later on May 25th IBRE held ‘International Symposium of Marketing: Quantitative Marketing-Past, Present and Future’. Marketing Research Center aims at boosting businesses’ marketing strategies by industrial-educational cooperation as well as encouraging marketing experts. The center opens annual seminars, inviting key experts in marketing, for most recent academic updates.   On May 31st, ‘LSOM Invited Seminar: New Frontiers in LSOM’ was conducted by LSOM Research Center. The key concentration of the center is on developing strategic plans to increase the business’s international and national competitiveness. In particular, the main areas of researches include logistics, sales management, and distribution of resource to achieve efficiency of service production.   The same day, Visionary Companies Research Center (High-performance Companies Research Center) also held ‘A Business’s Future: Technology, Work and People’. High-performance Companies Research Center pays attention to theoretical and practical approaches applied at high-performance companies. The center is also in charge of academic seminars inviting researchers in Korea and overseas, offering thesis supports to postgraduate students at KUBS.   The second last academic event was ‘IS Research Symposium’ on June 22nd. Digital Innovation Center is specialized for theoretical and practical knowledge of information system which is the critical determinant for business’s competitiveness. It is the research center for the technological developments in the Fourth Industrial Revolution: IoT, big data analysis, platform business, blockchain.   From the 24th to 27th of June, IBRE had its four days long conference, ‘2018 JAAF (Journal of Accounting, Auditing and Finance) Conference’. Accounting & Taxation Research Center is a center established to facilitate academic researches on the areas of study. The center also conducts collaborative works with accounting firms, and educates future experts in accounting.   Details of Accounting & Taxation Research Center’s tasks are as follows: △academic exchanges in accounting and taxation △publication including research papers △supervision of accounting, taxation and auditing △hold diverse education programs: lecture, small session.   See More Articles (Korean) [특집] 기업경영연구원의 60년 역사를 되돌아보다 [특집] 기업경영연구원 창립 60주년 기념식 개최 [회고록] "기업경영연구원 창립 60주년을 축하합니다" - 조익순 명예교수, 지청 명예교수 [인터뷰] 박찬수 기업경영연구원 31대 원장 인터뷰 - “연구그룹 활성화로 다시금 새 역사 만들어 가기를”
Jun 29, 2018
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KUBS Alumni’s Unique Donation Culture
KUBS Alumni’s Unique Donation Culture The Story of Endless Donation Relay, the Love for KUBS South Korea became the world's 12th highest country of GNI (Gross National Income), however, the nation is the 62nd country for WGI (World Giving Index). Though it has been a while since Korea became one of the countries that is capable of providing financial aid to developing nations, there has been concerns that more attention needs to be paid to the donation culture in Korea. Nonetheless, Korea University, KUBS in particular continues its unique tradition of donation by its alumni. The continuous love for KUBS lives on. KUBS has been running its own scholarship program supported by the alumni, which demonstrates the unique culture and strong network at KUBS. As a result, current KUBS students now have a wider access to scholarship opportunities than ever before. Each time KUBS holds a special ceremony to appreciate the contribution. In addition, on each classroom at LG-POSCO Building as well as on every single chair in the classrooms, names of the donators are indicated to commemorate their contributions. Moreover, the Department of Development and External Affairs, the department in charge of the fundraising for the entire university, releases externally the name of donator and the amount of contribution through the media including KU News for the major donations.   The Story of Endless Donation Relay, the Love for KUBS   KUBS students now have a wider access to scholarship opportunities than ever before. For the recent 2 years as of fall semester 2016, approximately a total of 3.1 billion KRW has been donated to source KUBS scholarship. The total number of scholarship beneficiaries during the last two years were 1,063, inclusive of the duplicated recipients. 100 million won from Alumni Association at KPMG Samjung accounting firm (President=Seung Yeol Yang, Business ‘83) A total of 230 KU alumni accountants at KPMG Samjung accounting firm raised funds for KUBS. They pledged to contribute 20 million won every year for 5 years, 100-million-won total. The funds will source to support future accountants. President Seung Yeol, Yang mentioned “We wish the students to study in a better educational environment and grow up as accountants who lead the society. We hope we would be able to make contributions to support the School’s further improvements.” 100 million won from Mong Jin, Jeong(Business ‘79), Chairman of KCC KUBS Alumnus Mong Jin, Jeong, contributed 100 million won, which will be a source of KCC Scholarship. Mong-Jin, Chung, CEO of KCC continues his contribution to KUBS through the scholarship through the MnJ Foundation. 50 million won from Sun Yong Lee (Business ‘80), CEO of Asian Star., Inc. Sun Yong Lee, CEO of Asian Star., Inc., contributed 50 million won for the development of KUBS. He said that he was honored to return the favor that he had received. 50 million won from the KUBS Entering Class of 1986 Association In celebration of their 25th admission anniversary, the Entering Class of 1986 Association fundraised the scholarship worth 360 million won to KUBS since the 31st KUBS Alumni Night held in 2011. They also delivered 50 million won this year for the development of KUBS. 20 million won from Changsoo Heo(Business ‘67), CEO of GS Group Alumnus Changsoo Heo, CEO of GS group made a constant contribution to KUBS since 2005 through ‘Namchon Scholarship’, as requested by Jun Koo, Heo, honorary chairman of GS Engineering & Construction. The total amount of Namchon Scholarship since its commencement has reached 323 million won, with the additional donation of 20 million won in 2017. 50 million won from Ms. Hwayoung Lee, daughter of professor Sanghoon Lee Ms. Hwayoung Lee, daughter of the very first KUBS Dean Sang Hoon Lee contributed 50 million won to finance further improvement of KUBS. At the ceremony, Ms. Lee said “It feels like yesterday the day when I hung around with my father at KUBS main building. I have always wanted to do something meaningful when I look back, and I thought the donation would be a great start.” 70 million won from the vice president Deok-Hee Jo Vice President Deok-Hee Jo, the wife of KUBS alumnus Poong-eon Jo (Commerce 59), contributed 70 million won as a part of So-Am Scholarship. So-Am Scholarship was made by Poong-eon Jo during his lifetime to inspire the academic commitment of the students. After his death, his wife continues to follow his wish. With this donation, a total amount of contribution reached a billion won. 20 million won from Min Yoong, Yoon (Business ‘99), CEO of community ‘Soo Man Hui’ Min Woong Yoon, the CEO of the famous community for the college entrance examinees, Soo Man Hui and the CEO of a publisher, Tenball Story, contributed 20 million won to the Business School. He said that he also won scholarship twice while he was studying at KUBS after he was released from the military service. And he mentioned that he was grateful to return the scholarship that he had received – with the amount of interest as well. 50 million won from Byung Chae, Kim(Business ‘77), CEO of Poinix Byung Chae, Kim, CEO of Poinix donated 50 million won and said he always had wished to be a part the School’s improvement. Established in 2003, Poinix Inc. is a company specialized in pavement technology, with their best-selling product ‘RSBS modified Double Layer Porous Asphalt’ that has a remarkable soundproof capacity on traffic noise. 100 million one from Hong Mae, Kim, CEO of Dong Won Phoenix., Inc. CEO Hong Mae, Kim (MSP, the 76th) donated 100 million won to KUBS. He is the president of KUBS’s MBA Alumni Association and the vice president of Korea University Alumni Association. He said, “I have always wanted to do something that provides educational support for the future generations. And I hope more students would be able to focus on their goals through the financial support.” 50 million won from Yoon Dae, Euh (Business ‘63), Professor Emeritus ‘Euh Yoon Dae Friendship Scholarship’ will be used to finance the airfare for exchange students participating in the University of Michigan. Yoon Dae Euh, Professor Emeritus and the 15th President of KU since 2003, devoted himself to the project, Global KU, during his tenure. 50 million won from Yoon Dae, Euh (Business ‘63), Professor Emeritus ‘Euh Yoon Dae Friendship Scholarship’ will be used to finance the airfare for exchange students participating in the University of Michigan. Yoon Dae Euh, Professor Emeritus and the 15th President of KU since 2003, devoted himself to the project, Global KU, during his tenure.
Jul 06, 2018
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[The 60th Anniversary of IBRE] Looking Back Through History of IBRE
[The 60th Anniversary of IBRE] Looking Back Through History of IBRE   Korea’s first university-affiliated research center, Institute for Business Research & Education’s (IBRE, Director=Professor Chan Su Park) 60th anniversary of the foundation has come. It has been a fundamental step to Korea University Business School’s development to one of the top note universities in the world. Looking back through the history of IBRE, there have been two major stages of the center’s development. For the first 40 years, IBRE focused on institute-oriented research projects, education projects, publication, and held academic events as ‘IBRE-oriented period’. Since the mid-90s, ‘center-oriented period’, IBRE has focused on establishing research centers classified by majors, following a drift towards subdivision of business administration.     ‘Business Research Focused Period’ IBRE commenced in 1958, 1st of June, it was an affiliated institution of the College of Commerce, Korea University. Within two years of its establishment, IBRE was grown to be a part of Korea University, and it performed a management efficiency assessment of ‘First City Bank of Korea’. IBRE first published ‘Korea University Business Journal’, which is the very first weekly business journal in Korea. In 1962, IBRE was in charge of cost accounting test on Cheil Industries Inc. and 2 other companies. It was the first cost accounting assessment performed by a university research institute in Korea.   In addition, IBRE contributed to the extension of the application of business administration to the Korean government and public sectors. One of the examples is ACMS (Army Command Management System) performed from 1961 to 1963, which is the adoption of business administration to the military forces. Another example is a research on government administration requested by the Government’s Administrative Reform Committee in 1965. In addition to that, the Ministry of Commerce and Industry commissioned IBRE to create management indicators for small and medium-sized enterprises and conduct the first domestic per unit production cost inquiry. Since the mid-1980s, IBRE held academic conferences with renowned universities overseas, which promoted academic exchange in Korea and further.   At the same time, IBRE affirmed its position as the first and best university-affiliated institute by the publication of a range of journals in addition to KU Business Journal. IBRE issued ‘Business Monthly Newsletter’, as well as ‘Price Level Monthly Newsletter’ and ‘Business Research’ in 1964. IBRE also issued other types of publications: △The Completed Works of Business Administration △The Completed Works of Accounting △The Collection of Business Administration △A Compendium of Business Administration △Dictionary of Business Administration △A Series of Business Administration. ‘IBRE Sub-center Focused Period’ With the establishment of a Center for Asian Business Research in 1995, IBRE opened up its new era of the center-oriented development. IBRE commenced a variety of research centers to promote the specialization of each division in business administration.   In addition, IBRE developed to a key institute of academic-industrial cooperation by the commencement of corporate training program. Designed for the success of a business’s goal and strategy, the corporate training program was first started ‘MBA Program at Samsung Electronics Co., Ltd.’ in 1999. In 2017, IBRE started △RM Prestige Program at Shinhan Bank △SK Win-win Growth MBA Program △Global Leadership Course at CJ Cheil Jedang Corporation △Hi-Business School Program at Hyundai Marine & Fire Insurance. On the other hand, IBRE continued its work on publication; from 2008 to 2013, IBRE issued an annual ‘Business Operation Way’ as a part of the collaboration with the Federation of Korean Industries.   The growth of IBRE is continuing, so as its attempts at new projects. In 2017, IBRE organized a research group – a smaller unit than the research center to best focus on the rapidly emerging areas of research. Examples include ‘Market-oriented Big Data and IoT Research Group’ and ‘Management Philosophy Research Group’ commenced in December 2017. IBRE aims to work on further establishments of research groups organized by the researchers’ areas of interest.   More Articles on the 60th Anniversary of IBRE The 60th Year Celebration Ceremony for Korea University IBRE The 60th Year Anniversary of IBRE - A Range of Special Events [Memoir] "Congratulations on the IBRE's 60th year anniversary" - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung [Interview] Professor Chan Su Park, the 31st Director of IBRE - “Opening Up a New Chapter of IBRE's history by the Commencement of Research Groups”
Jul 06, 2018
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[The 60th Anniversary of IBRE] Memoirs of Professor Emeritus - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung
[The 60th Anniversary of IBRE] Memoirs of Professor Emeritus Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung   Cho Ik Soon, Professor emeritus / Former Director of IBRE (7th, 8th, 14th) It is such an honor to be a part of the 60th-anniversary celebration of the establishment of IBRE (Institute for Business Research & Education). On this congratulatory remark, I would like to highlight the context of the establishment of IBRE, which was in fact quite demanding at the period of time. I do not think there is anyone who probably knows.   After the Pacific War, there have been movements in rationalizing the existence of Japanese enterprises operated in the U.S. In particular, the United States Operations Mission (USOM) asked Professor Yoon, Byeong Ook, who has just returned from Germany after his study, for theoretical justification of the operation of Japanese enterprises. The USOM paid attention to the ways in which the management of Korea’s Armed Forces had been justified after the Korean War. The USOM also focused on how Professor Yoon was in charge of business justification seminar that was requested by employees at enterprises from the enemy country. So these were the context of the establishment of the very first business research institute from the best and largest university in Korea.   In the beginning, IBRE’s main tasks were to conduct a business assessment, market research, business justification seminar, cost accounting as well as a range of publication in business administration. IBRE was indeed a pioneer in this respect as well. Since the institute carried out quite a lot of projects, researchers at the Business School worked together with professors to complete the tasks.   The performance of IBRE was successful in every task, which demonstrates its position as the best university-affiliated research institute in Korea. I will point out few of the key achievements of the institute.   First of all, a large number of the researchers at IBRE were appointed as professors at the College of Commerce in the early stage of the adaption of the modern tertiary education system in South Korea. More specifically, the number of confirmed researchers at IBRE who were later appointed as professors is 41; there are 20 more whom I need the confirmation.   The second thing I should point out is cost accounting. In fact, one of the researchers at IBRE, Mr. Oh-Gil Choi, became a founder of a business. It is obvious that projects he was working on at the research institute, such as cost accounting projects for pricing a product in an automobile business and business analysis allowed him to be familiar with the overall operation of the automobile business. The projects on cost accounting provided a strong foundation for running his own business later on. Furthermore, I should also point out the achievement of the IBRE is the inspection of the state-owned enterprise in January 1970. There is a news report of the content of the inspection on January 19, 1970. Ik Soon Cho is appointed as the chairman of the Audit Committee of the Government's management enterprises, Sangman Lee, a professor at Seoul National University, as the first Lead Manager, and Yoonkyung Shin as the second lead manager. Work is divided up by National Tax Service (Investment and Construction Management), Productivity Center (Production Management, Sales) Industrial Management Research Center at Chungang University (analysis of business plans and results), IBRE at Korea University (cost management, financial accounting, management), Industrial Management Research Center at Yonsei University (human resources, organization and administrative affairs management). Professor Youngyun Yoon and professor Jangchun Ha from Korea University handled auditing practices and integration of audit reports for each field. I was in charge of the comprehensive report. This triggered IBRE to evaluate the annual business results of the government investment institution, and based on the results, was responsible for the government's decision on the year-end bonus payment rate. The last thing to mention is the computerization of financial data of listed companies and the research on the creation of databases contributed to the stock market’s development. Professor Sang Koo Nam was the chief of the research. These are only just a few key achievements of what IBRE has accomplished since its establishment; much more has been done, the institute has made the constant contribution to South Korea’s economic development. I am sure IBRE will continue its position in the future: the very first and the largest, No.1 business research institute in Korea.   Professor Emeritus Jee, Chung / Chairman of the Board of Social Science Academy, Former director of IBRE (15th) First of all, I sincerely celebrate the 60th anniversary of IBRE. IBRE was founded on June 1, 1958, the year when I entered Korea University. The special bond between IBRE and me has started in August 1962 when I completed the military service. Professor Hyo Rok Kim and professor Byeong Ook Yoon, deputy director, advised me to temporarily work for the public relations department. I was responsible for a wide range of publications during my term at IBRE, such as 6 volumes of ‘The Complete Collection of Business Administration’, 6 volumes of ‘The Complete Collection of Accounting’, ‘A Compendium of Business Administration’, as well as editing of ‘Monthly Research Journal of Business Administration’. I was also in charge of the request of the manuscript and 4 times of correction.   Later on, I served as the head of the department of newspaper publication for ‘Korea University Business Journal’ with Changgyu Hwang, assistant administrator (later professor at Sookmyung Women’s University and Dongguk University). After the start of my postgraduate degree, I was able to work as an official researcher of IBRE and appointed to the manager of the general affairs department. After my study in the United States, I became a full-time professor at Korea University, as well as the advisory committee members, member of the board of directors. Later I was appointed as the director of IBRE in 1987. Since I remained as a counselor of IBRE until the retirement even after the term. So basically, I worked for IBRE eight to nine years longer than I worked as a full-time professor at KUBS. Led by the late professor Yoon, Byeong Ook, IBRE was the core institution of the Korea University Business School. At the time of the establishment, there was no specialized research institute in Korea. Therefore, each and every external activity carried out at IBRE were "Korea's first". In addition to the Korea's first business assessment, cost accounting, industry census on mining and manufacturing, management indicators of small and medium-sized enterprises, etc., as well as the command and control system handbook and Korean Army's command and control system manual and administrative reform of the government were also one of the IBRE’s tasks.   Not many know the fact that all these plans were approved and established by the government. Another remarkable thing to note is that establishment of ‘Korea Institute of Science and Technology Information’ as an independent institution was led by the late professor Yoon, Byeong Ook. ‘Korea Institute of Science and Technology Information’ is founded with an ambition to set up a research institution that is comparable with KIST. While I was serving the term as a director of IBRE, I was working on the research assistance of professors and founding commemoration projects, celebrating the 30th anniversary. In commemoration of the 30th anniversary of the foundation May 1988, 43 distinguished scholars in Korea and overseas participated in the international symposium, holding enthusiastic discussions and presentations. Professors at the University of Southern California (USC) IBEAR, as well as professors from Seoul National University and Korea University participated in the symposium. In the following year, 27 domestic and overseas professors participated in an international conference held in USC. The last thing I would like to talk about is the international conference IBRE held in collaboration with the ‘Economic Growth Center" and ‘East-Rock Institute’ at Yale University in November 1988. Professor at Yale University, Seoul National University, and Sogang University, and the author participated in the event. Since the above three international conferences were the largest international conferences held at IBRE, it is worth to keep it recorded.   Congratulations again for the IBRE’s 60th anniversary, all my best wishes to further achievements of IBRE.   More Articles on the 60th Anniversary of IBRE The 60th Year Celebration Ceremony for Korea University IBRE The 60th Year Anniversary of IBRE - A Range of Special Events [Memoir] "Congratulations on the IBRE's 60th year anniversary" - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung [Interview] Professor Chan Su Park, the 31st Director of IBRE - “Opening Up a New Chapter of IBRE's history by the Commencement of Research Groups"  
Jul 05, 2018
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[Internship Abroad | Overseas Korean Trades Association] "Gain Broader Perspective on Diverse Industries as Well as on My Career Path”
[Internship Abroad | Overseas Korean Trades Association] "Gain Broader Perspective on Diverse Industries as Well as on My Career Path”     Q. What were your job descriptions? I had an international internship from Overseas Korean Trades Association (OKTA) in Los Angeles in 2018 winter. Basically I was responsible for basic assistant works such as preparing the association’s events, publishing relevant documents and brochure, membership list management, etc. Everyone at the Association, including the president and the secretary-general, was very nice and supportive, which was a big relief during the internship.   Q. What was the most memorable event? I would say a visit to the International Consumer Electronics Show 2018 held in Las Vegas was the most impressive event than anything else. I was able to see the current technology trends and experience various new products from many companies around the world during the two days. Samsung Electronics, LG, and other domestic companies participated in the exhibition on a large scale were also impressive. I guarantee that if you are looking for a job in the industry, you should not miss the events like CES 2018.   However, because CES is held only in Winters, students participating in Summer internships will not be able to attend the event. Instead, you might want to participate in OKTA LA’s ‘Next Generation Trade School’ which is held in every summer. The ‘Next Generation Trade School’ will be a great opportunity to work on business projects, prepare for presentations so that the participants will learn from the experts in the field.   Q. How was life in LA? Winter in LA is warm. It was a bit chilly in the early morning and evening, but during the day it is quite sunny and hot that you want to put on summer outfits. If you plan to visit LA in winter, like me, you might want to bring outfits that you wear in summer or early fall in Korea. However, do bring jumpers that you can wear in the morning and nights. The sun was quite strong as well, do not forget to bring sunblock, sunglasses and a hat.   The executive office provides a part of the expenses spent on lunch, unlike the accommodation, which is not supposed to be provided to us. However, the chairman arranged the residence for us so thankfully, all three of us were able to stay there. It was around 30 minutes’ distance by walk from the office. I took buses or Uber only when I am running out of time.   On the other hand, there were also things that I did not like, too: overall price levels and public transport. The general price is much higher in the United States than in South Korea, and the public transport in South Korea is way more convenient than in the U.S. Since buses or subways are running few and far between, I did not use them as much. Also it is not a good idea to take the public transport in the night for the sake of your safety. Take Uber or rent a car if you plan to travel to the U.S.   Q. Could you give us any other thoughts on your internship experience? Despite such a short period of time, I was able to learn a lot during my internship at OKTA. It was such a great chance to work with the experts from diverse areas and broaden my knowledge and skills. CES was also a highly rewarding event to attend, where I was able to study current technological developments that I was not even aware of earlier. Overall, it was such an inspirational and life-changing two months in my life, which I gained a broader perspective on diverse industries as well as on my career path. I strongly recommend an overseas internship program; you will be able to achieve so many valuable lessons from it.   Young-Min Lee (Business’13)
Jul 05, 2018
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[International Student Exchange] A Memorable Time Spent in China
[International Student Exchange] A Memorable Time Spent in China   I spent a semester at Ghanghua School of Management, Peking University, China, during the Fall semester, 2017. Ghanghua School of Management is one of the schools where top students in China are admitted, and I was able to experience that myself – they have strong academic commitment. Ghanghua School of Management offers separate classes for exchange students. Each course consists of 8, 12, and 16 weeks’ programs, and so you can earn credit hours depending on the duration of the course. Most classes open for exchange students are taught in English. In fact, I did not have much chance to meet with the local students at the university. I joined one of the university’s societies so that I can socialize with local students. The main task we did at the society was to meet up for a rehearse every week, and that’s when I made quite a lot of local friends. I also attended ‘language-exchange buddy’ program, where I was able to improve my Chinese and English with my language buddy. Life in China was way more convenient than I thought it would be. You can make payments with your mobile phone, and the bike share system was very accessible anywhere in the city. Overall price is much lower than South Korea and the delivery service was very useful, too. I won’t forget the times I had during my exchange semester in China. I think exchange programs are such a great chance that you can only access during your degree, that allows you to have a valuable experience overseas.   Yeonju Lee (Business’15)  
Jul 05, 2018
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[Partner School] Peking University, Center of China’s Education
[Partner School] Peking University, Center of China's Education   Peking University, located in Haidian Qu, Beijing, China, was established in 1898. The university is known for its long history; it is the oldest tertiary education institution in China. As of 1990s, the university broadened areas of study with the commencement of business administration, and has kept its reputation until now. Peking University is closely related to significant historical events like The May Fourth Movement. Notable alumni are Mao Zedong, Lu Xun, Gu Hong Ming, Hooxi, Mao Kun, Li Da Zhao, Chen Duxiu, and the current Premier of the State Council of the People’s Republic of China, Li Keqiang. Peking University has approximately 15,000 students enrolled in undergraduate degree, of which 16 percent (3,000) are international students. Peking University has over 4,000 full-time academic staffs who are committed to educating students. Their remarkable rankings demonstrate their position as one of the best universities across the world. Peking University placed 26th in the World Economic Forum (WEF). In addition, Chinese Universities Alumni Association, CUAA ranked Peking University as the best university in China. Peking University has garnered impressive results on global rankings. According to WEF, World Economic Forum, it was ranked one of the top prestigious colleges across the world. In addition, CUAA, Chineses Universities Alumni Association, announced it as the best university in China.   KUBS has signed a partnership with the Ghanghua School of Management, the College of Business at Peking university to facilitate academic exchanges between the two schools. 
Jul 05, 2018
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