• 2017 GMBA & CEMS MIM Admissions
    2017 GMBA & CEMS MIM Admissions

    | Admissions | 
    Korea University Business School now accepts applications for
    2017 GMBA & CEMS MIM.
    There are three rounds of admission for 2017 GMBA and CEMS MIM. The application is available on the website.

    | Contact Us | 
    - Phone: 02-3290-1366
    - E-mail: mba_admission@korea.ac.kr
  • The 4th KUBS Teen Mentoring Day
    The 4th KUBS Teen Mentoring Day
    The 4th KUBS Teen Mentoring Day
     
    • Host: KUBE, Student Ambassadors at Korea University Business School 
    • Date: February 4, 2017 (Sat); 10:00 - 18:30
    • Eligibility: 70 first-year high school students who wish to major in Business Administration (prosepctive second-year high school students)
    • Deadline: Until Januanry 20, 2017 (Fri); 23:59
    • Announcement of Results: The results will be delivered via text message individually on January 25 (Wed)
  • “2016 KUBS Rankings” Released
    KUBS Ranked 74th in KUBS Rankings

    The Center for Business Research Analytics at Korea University Business School released the 2016 Korea University Business School Worldwide Business Research Rankings™ (KUBS Rankings).

    This year, the University of Pennsylvania was ranked 1st place, while Erasmus University Rotterdam and University of Michigan at Ann Arbor were ranked as the top universities, placing 2nd and 3rd, respectively. Within the Asian region, CityU (8th) and NUS (9th) placed within the top 10, and PolyU (20th) and HKUST (23rd) ranked within the top 20. Korea University has been ranked as the one and only university in Korea to be named within the top 100, being the 74th in the world. Other Korean universities ranked as follows: KAIST (139th), Yonsei (164th), and SNU (167th).
  • The 2nd Move-in Teams of KUBS Startup Institute Selected
    The 2nd Move-in Teams Selected

    The 2nd move-in teams of KUBS Startup Institute (Director: Professor Ho-Won Jung) have been finalized. On December 9 at 3:00 PM, “The 2016 Startup Express” was filled with enthusiasm of prospective entrepreneurs who wish to become Korea’s Mark Zuckerberg and to create the next Instagram. A total of 43 teams, consisting of 156 undergraduates and graduates, from 16 universities in 3 countries have applied for the 2016 Startup Express Winter Season. The 2016 Startup Express, hosted by Iljin Center for Startup Incubation at KUBS Startup Institute, is a startup competition where students can propose their creative business items based on entrepreneurship and innovation.
  • No. 1 in National Business School Assessment for 9 Consecutive Years!
    No. 1 for 9 Consecutive Years!

    This year was no exception. Once again, Korea University Business School ranked No. 1 overall in the “National Business School Assessment.” KUBS has been top for the ninth consecutive year since the survey began in 2008. Among nine assessment categories, the business school scored the highest in the five areas. The total score was 7127 points, and KUBS was the only university that passed 7000 points. Seoul National University (6048 points) came in second, leaving a 1079-point gap.
     
    Marking its 111th anniversary, KUBS has been making bold investments in students. The business school operates a college-level career development center called "Career Hub" to produce leaders. Career Hub offers one-to-one interview coaching, resume coaching, business etiquette education, etc.
Spring 2017 Readmission Results: List of Successful Candidates
1. Please refer to the attached file below for the list of the successful candidates.   2. Regulation regarding readmission: Chapter 3, Article 1, Section 15 of the Constitution & Academic Regulations; Chapter 2, Article 1, Section 3 of the Academic Operations Regulations   3. Curriculum: Successful candidates must discuss with the administrative staff about their undergraduate curriculum and graduation requirements.   3. Course Registration Period: Please see the table below (all successful candidates must register for courses first regardless of paying tuition).        Year Period Remarks Senior February 1 (Wed); 10:00 –February 2 (Thu); 09:00 Students can register for courses based on their class year. Junior February 2 (Thu); 10:00 – February 3 (Fri); 09:00 Sophomore February 3 (Fri); 10:00 – February 4 (Sat); 09:00 Freshman February 6 (Mon); 10:00 – February 7 (Tue); 09:00 5. Tuition Due Date: February 22, 2017 (Wed); 09:00 ~ February 24, 2017 (Fri); 16:00 6. Inquiries: Contact the corresponding department office 5. Notes for Successful Candidates 1) Course registration and tuition payment are available to those who have been readmitted. Readmission fee must be paid as well (one-half of tuition for the corresponding academic year) – Tuition statement: korea.ac.kr – KU Story – 공지사항 – 학사공지 (available on the Korean website only) 2) A drop-out will occur for those who do not make a tuition payment and register for courses within the given period. Also, they CANNOT re-apply for readmission 3) Readmitted students must comply with the school regulation and readmission agreements 4) Readmitted students are not allow to take a leave of absence for their first semester. 5) Students can be readmitted only once. Those who do not accept their readmission offer will not be able to reapply. 6) Please read “Maximum Period of Enrollment” in Chapter 3, Article 1, Section 37 of the Academic Operations Regulations. “Readmitted student’s maximum period of enrollment is based on the semester they re-matriculated the university.”      2017. 1. 17.  Academic Affairs
Jan 18, 2017
76
academic
Fall 2017 Student Exchange Program Application
[NOTICE regarding Ason University] Language requierment for Aston University has been changed. The TOEFL requirement is TOEFL 93 ( Reading 18, Writing 23, Listening 19, and Speaking 19). [NOTICE] Currently, there's a problem searching for home address. We are checking the system, but in the meantime, please use the attached file for a temporary solution. The online application begins from January 12 (Thu); 10:00 AM (weekend included) to Janauary 18 (Wed); 11:50 AM. *** Please see the attached "final" file for the list of available slots.   The online application will be automatically closed after the deadline (after 11:50 AM). Be sure to meet the deadline.   Please submit your documents by January 18 (Wed); 4:00 PM to KUBS International Office (Room 304 in KUBS Main Building) *** Make sure you read the notice thoroughly to avoid any issue regarding your application. Online Application for undergraduate, graduate, E/F/KMBA students: biz.korea.ac.kr > 프로그램 > 국제프로그램 > 교환학생 > Outbound (from KUBS) > 교환학생 지원하기 (Only available on the Korean webpage) Online Application for GMBA Students Only (Winter Session): biz.korea.ac.kr > 프로그램 > 국제프로그램 > 교환학생 > Outbound(from KUBS) > Application for GMBA (Only available through Korean webpage)   <IMPORTANT NOTES!> 1. The online application and consent form cannot be revised once you have submitted. Therefore, click the “Temporary Save” button (임시저장) first after done completing and reviewing your application. Then, click the “Submit” button (제출하기), print out your application, sign the consent form, and submit it. 2. You must submit all supporting documents, except your application (consent form included), in DOC or PDF format (if you have several supporting documents, please combine all into one pdf file and upload it).   3. You must submit all original documents to KUBS International Office by January 18th; 4:00 PM. However, you may submit a duplicate copy of your passport and TOEFL score report (Although the partner school does not request your TOEFL score, you may still submit your score if you wish to receive points for the internal selection). If the host university that you have applied requests TOEFL , you must submit your official TOEFL score by the day of interview. Please contact and get approval from Manager of Outbound Student Exchange Program in advance if you fail to submit your official score by the deadline due to unavoidable circumstances. You may upload your online TOEFL score by taking a screenshot. 4. Online Application Deadline (January 18; 11:50 AM) – (Based on clicking the submit button) the online application will be closed at 11:50 AM sharp. After the deadline, you will not be able to apply. 5. If you need your original activity certificate (활동증명서) back, bring a duplicate copy of your certificate to compare it. Then, submit a certified copy of your certificate instead of the original. 6. The cumulative GPA for the two most recent semesters will be automatically calculated. Your GPA will be calculated as follows: {(GPA for the two semesters ago x No. of credits) + (GPA for the previous semester x No. of credits)}/ A total number of credits for the two semesters e.g.) Spring 2015: 16 credits with GPA of 3.5 and Fall 2015: 18 credits with GPA of 3.8 Calculation: {(3.5x 16 credits) + (3.8 x 18 credits)}/(16+18) credits = 3.66 (rounded to 2 decimal places) 7. [E/F/KMBA Students Only] The deadline for online application and document submission is same as the undergraduate. However, if you fail to submit documents by the deadline due to an event related to the university, such as IRP or field trip, please contact KUBS International Office via email to receive approval for extension. If your extension has been approved, you must submit documents by the designated deadline to KUBS International Office (temporary office: Room 304 in KUBS Main Building). Online application will be closed on January 18 at 11:50 AM.   8. Email domain address “hanmail.net” gets marked as spam often; thus please use a different email account. Email domain address “naver.com” cannot receive emails that are sent to more than 25 people; thereby you may not be able to receive emails sent by the host university. We highly recommend you to use a different email account. A portal email (korea.ac.kr) also can be marked as spam mail or is unable to access based on a country. There is a high chance that you may have to change your portal email to different one after the internal selection. Also, domain address “hotmail.com” sometimes blocks spam emails to certain universities.   Therefore, please use “gmail” as it is the safest email account for now. (If you need to check other emails from different account, use the import service to receive emails to your original account. Please use a gmail account while applying for the student exchange program). 9. Make sure to enter the correct cell phone number. If your phone number has been changed during the semester, please notify Manager Nahyun Lee at KUBS International Office immediately! 10. Interview group will be announced on the KUBS website on January 25 (Wed) after 3:00 PM. (Interview will be held on the 2nd (Th) and 3rd (Th) of February from 1:00 PM to 6:00 PM). Applicants who need to reschedule interview (with acceptable reasons, such as internship, volunteering, etc.) after have submitted your application, please email to hyunlee@korea.ac.kr with your preferred date and time by January 20 (Fri); 4:00 PM. Emails received after January 20th will not be considered. 11. If you are unable to come to the interview due to personal reasons, you will be excluded from the internal selection. If you cannot attend the interview because of participating in an official event at Korea University, please email to hyunlee@korea.ac.kr (write specific reasons). ▶ Especially, if you need to interview over the phone due to your abroad schedule that is related to school event, you must contact us by January 20th (Fri) 4:00 PM. (hyunlee@korea.ac.kr/02-3290-1389).    12. Times close to deadlines have a high volume of applicants submitting which can cause delays in loading the page. So, please submit your application early (when there is a high traffic, the webpage may freeze or quit unexpectedly. Please be aware that the website is slow! Complete your application a day earlier if possible :)).   13. Host universities where only 3rd- or 4th-year students can apply are based on the exchange period, which means that students who are in their 3rd or 5th semester are eligible to apply. However, if the host university states that only current 4th-year student can apply for the program, it means that students who are currently in their 7th semester or more are eligible to apply.   14. You do not have to write all 5 preferred host universities. So, please choose the universities you wish to study at only. 15. If your name on the TOEFL score report and passport is different, please leave a post-it memo on your TOEFL score report (e.g. “Passport: HONG GIL DONG, TOEFL score report: Gil-dong Hong”) (You cannot change your name on the TOEFL score report). If your name is spelled differently, you must notify to KUBS International Office. Spaces, uppercases, and lowercases do not matter, but we still request you to write a note about it (KUBS International Office will write a letter of confirmation when you send your TOEFL score report to the host university).   16. When you have several activity certificates, please combine all into one PDF file and upload it. Certificates are used for reference purpose when selecting applicants; thus, you may submit your certificates in Korean.   17. Your English name written on certificates must match with your passport name. If you need to change your name, contact Program Manager at KUBS International Office Exchange Program (3290-1389 or visit the office) to change it. Then, you should receive your certificates issued from One-Stop Service Center (B1, Central Plaza). Please double check spaces, uppercases, lowercases and hyphens (“-“) (e.g. your passport name is all capitalized; however, your name does not have to be all capitalized for your certificates, as long as it is not mixed with upper/lowercases).    GiL dong Hong (X), giLong Hong (X), GilDong Hong (X) Gil Dong Hong (O), Gildong Hong (O), Hong, Gildong (O) 18. All documents must be scanned into a PDF file and then uploaded. The original copies of your English transcript and Enrollment (Leave of Absence) Certificate (in English) must be issued by One-Stop Service Center at Central Plaza, scanned into a PDF file, and uploaded it (documents issued via online will not be accepted). You must scan your passport into a PDF file and uploaded it. Please submit your English resume and Statement of Purpose into a DOC file when submitting online. 19. You must upload your TOEFL score report (if the host university requests for it) and submit your original report to KUBS International Office later. If you do not submit TOEFL score report (both online and offline), you will be automatically disqualified from the host universities that require TOEFL score.   20. Please scan and upload your passport that shows your photo and information. You must sign your passport before you upload it! 21. If you find your name with error after submitting online application, please match your name on your passport and re-submit your transcript and Enrollment Certificate on the day of interview.   22. Former exchange students must submit online application and supporting documents as well. You will be selected based on your application and previous interview scores. You must submit official copies of transcript, Enrollment Certificate, and TOEFL score report. KUBS International Office will contact you individually for the 3rd round of the internal selection.   23. Invalid TOEFL score and other foreign language proficiency exams will not be accepted. You may submit your score report that is valid until the host university’s screening period ends (or at least until the start date of your exchange program). Your score must be valid until visa application, application screening, other process are completed. Depending on universities, your score may have to be valid until the first day of your exchange program. Please check the website of the corresponding host university to find more information about validity period. 24. You can receive a certified copy of your activity certificate. Also, you must submit original TOEFL score report in case of the host university requests for it. (You may submit a duplicate copy of your score for the internal selection purpose).   25. If you visit the application page, you can check your application status! So please avoid calling KUBS International Office to confirm submission. 26. Korean students can take TOEFL iBT only.   ***If you have further inquiries, please email us.  
Jan 10, 2017
117
student exchange
Spring 2017 KUBS Scholarship Application
Aside from scholarships and grants provided by Korea University, KUBS offers scholarships for KUBS students who are experiencing difficulties in paying their tuition fees due to financial hardships. For those who are interested, please submit your application.   1. Submission Period January 9, 2017 (Mon); 10:00 - January 20 (Fri); 16:00   2. Eligibility Among KUBS students who will register for Spring 2017 Semester, those encountering financial difficulties in paying tuition fees (undeclared majors and students who exceeded 9 semesters are excluded) 3. How to Apply Application is only available on Korean KUBS Website. Please click the following menus: "프로그램" > "학부" > "장학제도" > "고경(면학)장학금 신청" Complete and print out the application and submit it to the Department Office of Business Administration along with the following documents below. 4. Submission Location:  #103 in KUBS Main Building   5. Scholarship Amounts 100%, 50%, and 35% of tuition or other fees (within the range of tuition including the amount of National Scholarship) 6. Document Submission Be sure to check the type of document, name, and issue date when preparing the documents below. Submit all documents to the Department Office of Business Administration (if you are unable to visit the office, please submit via postal mail). Mailing Address: 서울특별시 성북구 안암로 145 고려대학교 경영대학 경영본관 103호) International Students: - Application form - Personal Statement for KUBS Scholarship - Proof of Family Relations (e.g. Birth Certificate) - Proof of Parental Income - Proof of Current Bank Balance - Proof of Family’s Financial State (optional)   Domestic Students: 가. 필수서류 :      1) 장학금신청서 1부(온라인 신청 후 출력함) 2) 사유서 1부(첨부파일) 3) 부 또는 모 명의의 가족관계증명서 1부 ▶ 거주지 주민센터 또는 인터넷 민원24시 (www.minwon.go.kr)에서 발급 4) 2016년도 세목별과세증명서 부,모 각 1부(총 2부) ▶ 거주지 주민센터 또는 인터넷 민원24시 (www.minwon.go.kr)에서 발급 ▶ 부모의 과세내역이 없는 경우도 ‘세목별 과세 증명서(과세 사실 없음)’ 발급 후 제출 요망 5) 2016년도 10, 11, 12월 납부 내역이 기재된 건강보험료 납부확인서 부,모 각각1부(총2부) ▶ 건강보험공단에서 발급 (http://www.nhic.or.kr 전화 1577-1000 문의 요망) ▶ 부모 중 한 분만 건강보험료를 내거나 기타 가족이 본인 포함 부모의 건강보험료를 납부하는 경우, 발행일자 3개월 이내의 건강보험증(가입자와 보험급여를 받는 가족사항이 기재된 면) 사본 첨부. 6) 2015년도 원친징수영수증 또는 소득금액 증명원 부, 모 각 1부(총 2부) ▶ 원천징수영수증 : 재직회사 발급 ▶ 소득금액증명원 : 거주지 세무서 또는 홈택스(www.hometax.go.kr)에서 발급 ▶ 소득금액이 없는 경우 2015년 내 신고 된 금액이 없음을 증명하는 ‘사실 증명’ 확인서를 발급받아 제출함. 나. 선택서류 : 상기의 필수서류만으로 가계곤란 입증이 충분치 않다고 생각하는 학생은 기타 가계상황을 입증할 수 있는 서류를 추가로 제출하시기 바랍니다.(예-수급자증명서, 차상위계층증명서, 암진단서 등) 7. Announcement of Final Results - First Announcement: Early March (Tentative) - Second Announcement: In the middle of April (Tentative) 8. Additional Information - Undergraduates wishing to receive all internal scholarships in Spring 2017 must apply for the National Scholarship first. Returning students who missed the first deadline of National Scholarship should apply during the second application period (which will open in late February or early March). - Prior to applying for KUBS Scholarship, students must apply for the KU Need-base Scholarship (via KUPID; by January 13) - KUBS Scholarship will be paid out later; thus, please make a tuition payment first within the period. 9. Contact Us: Department Office of Business Administration; Sunyoung Park (02-3290-1301/ psy0514@korea.ac.kr)
Jan 06, 2017
215
Undergraduate
Special Lecture by Professionals from Diverse Fields
Special Lecture in “Understanding Business Administration” Course Special Lecture by Professionals from Diverse Fields As part of the course curriculum, the “CEO Special Lecture Series” was held by Korea University Business School (KUBS). △Zara Retail Korea CEO Bong-jin Lee, △SAS Korea CEO Sungsik Cho, △Macquarie Group of Companies, Korea Executive Director John Walker, and △Philips Korea CEO Dominique Oh attended as a guest speaker and hosted four special lectures. Each guest speaker explained the most up-to-date business issues in their field to enhance the students’ understanding of industry.   Zara Retail Korea CEO Bong-jin Lee On September 7, Bong-jin Lee, CEO of Zara Retail Korea, delivered a special lecture on “The Fast Fashion Leader, INDITEX.” CEO Lee introduced fashion trends, while emphasizing that fast fashion will lead the fashion industry. Fast fashion, which is a contemporary term used by retailers, quickly captures current fashion trends, rapidly produces, and delivers products. INDITEX Group is a Spanish multinational clothing retailer that owns Zara.   SAS Korea CEO Sungsik Cho   On September 21, Sungsik Cho, CEO of SAS Korea, gave a special lecture on “Why Analytics Matter.” CEO Cho stressed that students must be able to analyze business assignments and develop a strategy based on industry conditions. SAS Korea is a multinational developer of analytics software.   Macquarie Group of Companies, Korea Executive Director John Walker   On October 12, John Walker, Executive Director of Macquarie Group of Companies, Korea, hosted a special lecture titled “Building Financial Businesses in New Markets.” On November 2, Dominique Oh, CEO of Philips Korea, presented a special lecture on “Becoming a Global Leader.”   Philips Korea CEO Dominique Oh   “The lectures were extremely helpful as the guest speakers from diverse fields do not merely introduce their companies but also explained the overall industry.” said Seyeon Hwang (Business Administration, ’16) who is taking the Understanding Business Administration course. “The guest speakers also gave us advice on how to behave in society and plan for my future.”   In the meantime, the course “Understanding Business Administration” provides an overview of business administration and also covers the unique features of seven specialized areas (Marketing, Management, Accounting, Finance, LSOM, MIS, and International Business). The course aims to help students understand the overall fundamentals of business administration. This is a mandatory course for new students. Faculty from each area delivers a lecture on the features and research trends of the areas, allowing students to have a more comprehensive understanding of business administration.
Jan 18, 2017
59
NEWS
Panel Talk with Alumni Passing Civil Service Exam
KUBS Career Hub: Career Discovery Panel Talk with Alumni Passing Civil Service Exam     KUBS Career Hub hosted the four sessions of “Alumni Panel Talk” for a month in November (△3rd, △10th, △17th, and △24th). Around 60 students participated in the event designed for those preparing for the National Civil Service Examination. The event was held in LG-POSCO Building on November 10 (Thu). The following civil servants attended the events as panels: Alumnus Gug-hyun Im (Political Sciences, ’00), alumnus Tae-Hyoung Moon (Business Administration, ’08), alumna Chaeyeon Yu (International Studies, ’11), alumnus Donghyun Jung (Business Administration, ’10), alumnus Nuri Jeon (Business Administration, ’11), and alumnus Yeonjae Yoo (Business Administration, ’09). The event had an FAQ session followed by a Q&A session. The fraquently asked questions were prepared in advance based on the survey provided by Career Hub. The students also asked questions about the panels’ motivation for applying for the position and their study life.   Alumnus Yeonjae Yoo, who is a chief of Takmajeong (KUBS Civil Service Exam Prep Class), decided to work as a civil servant after conducting a project, which helps female homeless people, at Enactus. “Issues we are facing is a social problem, not an individual problem,” Alumnus Yoo said. “Because there were not many things I could do as a student, I wanted to take a civil service position so that I can change our society.”   The alumni shared their own experience including study tips for each division of the exam. “There was a time I could not understand some of my study materials even after taking online courses because I lacked fundamentals,” Alumnus Nuri Jeon said. He recommended the students to understand the basics through textbooks. “Understanding logics with textbooks may sound inefficient but it is actually helpful in the long term,” Alumnus Tae-Hyoung Moon said.   The questions on lifestyle and study location were raised as well. “It is important to discover yourself first and then find the most appropriate routine and place to study,” the alumni said while talking about failures. “In the beginning, I was obsessed with the number of hours I spent studying,” alumna Chaeyeon Yu said. “But later, I strived to improve my study skills by taking sufficient break time.   The students also showed a great interest in Takmajeong. The alumni said the advantages of Takmajeong are that students can concentrate on their school work and the Civil Service Exam simultaneously, can be motivated to study, and reduce their financial burden. “As you have started with ambition, never give up until you achieve your goal,” the alumni encouraged at the end of the event.
Jan 13, 2017
57
NEWS
A Look Back at the History of the Best Business School
A Look Back at the History of the Best Business School THE FIRST and THE BEST: KUBS History     Korea University Business School (KUBS) has always been referred as “The First and The Best.” This is because KUBS is a pioneer breaking new grounds in business education. The business school does not stay complacent but push the boundaries of what is possible.   The First Business Education in Korea KUBS introduced business education for the first time in Korea. When Korea was deprived of its sovereignty due to Eulsa Treaty in 1905, Bosung College, the predecessor of Korea University, was founded with prayers to save the nation through education. Bosung College started with two departments which are the Department of Plutology and the Department of Law. Plutology, the study of asset management, evolved into Commerce and later became Business Administration.   Of the numerous departments at Korea University, KUBS is, indeed, the hub. Until Yonhi College, the predecessor of Yonsei University, was founded and developed the Department of Commerce in 1917, Korea University was the only school in the nation that nurtured business leaders. And that is the reason why KUBS has been known as the cornerstone in business education in Korea.   In addition, KUBS was the first to introduce modern western business education to Korea. In 1937, the nation’s first “Business Economics” course was offered by KUBS. The course, which was derived from German business education, was innovative in Korean business education at that time.   As Bosung College expended to a university in 1946, Korea University established the Department of Commerce. In 1952, the Korea’s first Master’s degree in Commerce was conferred to the genius business scholar Byung Wook Yoon who passed away prematurely. The “Business Economics Journal,” the first academic journal, has been published since 1953. Of course, Korea University was the first to launch the department that is almost similar to the today’s Department of Business Administration. The Department of Business Administration was officially founded in 1955, four years prior to the establishment of Yonsei School of Business   Institute for Business Research & Education, Origin of Research-oriented Academic Traditions The Institute for Business Research & Education (IBRE), the first research institute in the nation, was established in 1958. IBRE is being recognized as the origin of today’s institutes as its accomplishments and operating systems have widely distributed to academia and companies. Up to this day, the IBRE’s business condition survey, which was conducted on 2500 stores in 1959, is well-known as an exemplary model for site analysis. IBRE issued KU Business Journal in December 2016. Under the slogan of “Company Success and Economic Development,” the journal has contributed to increase in company productivity by introducing new theories to industrial sites.      Korea’s First Professional Graduate School of Business The history of graduate business schools started from Korea University as well. The university launched a “Business School” and admitted the first new students in January 1963. The establishment of KUBS is still recognized as an excellent insight into pioneering the future. Following the Education Reform Program by the Korean government, the Graduate School of Business changed to Korea University Business School (consisting of MS, PhD, and MBA programs) as of September 2006. KUBS was ranked No. 1 for five consecutive years from 2007 to 2011 in the government project “BK21 Plus,” which was evaluated based on faculty, program excellence, infrastructures, etc. Among the SKY (the three most prestigious universities in Korea: Seoul National University, Korea University, and Yonsei University), KUBS was the only business school to be selected for the large-scale project of “BK21 Plus” in 2014.   KUBS Continues Its Reputation for Being the First and the Best The reputation for being the first and best is still ongoing. The achievements such as global internship, appointment of international faculty and women professors, launch of Business Forum, and the establishment of Video Education Center and Asian Institute of Corporate Governance, were accomplished by KUBS for the first time. KUBS was the first in the nation to earn AACSB accreditation from the American Association of Collegiate Schools of Business (AACSB) and EQUIS (EFMD Quality Improvement System) accreditation from the European Foundation for Management Development (EFMD) in 2005 and 2007, respectively. In addition, KUBS was the first domestic business school to earn its first five-year reaccreditation for both AACSB and EQUIS in 2010 and succeeded in renewing its second five-year re-accreditation in 2015 as well. Furthermore, KUBS reaffirmed its world-class standing by becoming a full academic member of the CEMS Global Alliance — an exclusive group of academic and corporate members where only the single best business school per nation is granted membership. While staying on the top, KUBS has been producing a large number of intellectuals trailblazing the future over the past 111 years. KUBS strives to become a pioneer writing a new history in the 21st century.  
Jan 09, 2017
69
NEWS
Building Worldwide Networks and Hands-on Training at Global Company
Global Internship Program Building Worldwide Networks and Hands-on Training at Global Company   Korea University Business School (KUBS) started the first international internship program in Korea in 1994 and has been offering students the opportunities to experience hands-on training at companies all over the world. The KUBS Global Internship Program, which is the largest among Korean colleges, is an internship training program to nurture students into global leaders. Students can experience international business and corporate culture through the International Academic Collaboration Program.   Students will be placed in foreign branches of domestic companies, multinational corporations, or overseas companies running by KUBS alumni for four to eight weeks to hone their global perspectives. In addition, students are being sent to overseas companies such as △Woori America Bank, △CJ China, △LG Electronics Canada, △HSBC Bank, △General Electric, and △Bloomberg. Recently, the scope of the internship has been widened to include international organizations such as UNEP and UNESCO. As of 2016, KUBS has sent thousands of students, and they have experienced at hundreds of companies.   Some KUBS students successfully landed a full-time job offer after the Global Internship Program. The program leads to overseas employment as well. Not only that, the participants have said that the program has helped them raise global perspectives by participating in the local business site and undergoing various research projects. The KUBS International Office, which supports the Global Internship Program, educates students the culture and manners of the visiting countries. Students not only learn business etiquette and precautions through the pre-departure orientation session but also learn prevention of sexual harassment from the Gender Equality Center. Any students who have completed at least four semesters at Korea University Business School are eligible to apply for the Global Internship Program. The final applicants will be selected based on their GPA, language proficiency, interview, responsibilities, and passion for international business. The selected students will be interning for a minimum of four weeks at a company that signed an internship agreement with KUBS. Moreover, three credits of “International Internship Practice” for the summer term will be granted to the participating students. Although students are responsible for internship expenses including airfare, KUBS partially supports scholarships depending on the students’ financial need. Some companies offer accommodations and meals to the students. Further information on the program can be found by visiting the KUBS website or contacting KUBS International Office (02-3290-5361).   How to Prepare for Global Internship Program   Application Companies recruiting interns normally request a resume (C.V.) and cover letter. A resume is one page summary of an applicant’s activities such as education and internship experience. It is important not to exceed one page because recruiters may think the applicant is unable to express oneself concisely. A cover letter is a tool to launch oneself to prospective employer. The applicant must explain the reasons for applying for an internship and how does the position fit in with his career path. When writing a cover letter for the Global Internship Program, the applicant must include his aptitude and career goal instead of vaguely saying that the company is renowned. Interview After the application screening process, an in-person or phone interview will be held. The applicant should make effort to have an interview on the day that the company has scheduled. If one is unable to have an interview on the assigned date, he must let the company know the reason. When conducting a phone interview, one must choose a quite area where noise is at minimum. Recently, competency based interviews (CBI) are becoming increasingly popular. Thus, preparing answers for expected interview questions ahead of time is a wise idea. Other Tips Aside from the internship program provided by KUBS, there are various ways that students can discover other internship opportunities at overseas companies. The most inexpensive way is applying for a summer internship program offered by overseas companies. Students can easily find internship information, including Interview Tips, Recommended Reading, How to Submit Documents, and more, by visiting companies’ websites. After internship opportunities are posted, overseas companies conduct an interview and selection process much faster than Korean companies. For instance, if an internship opportunity is announced in September or October, applications will be accepted until November or December and then successful candidates will be finalized in February or March.
Jan 04, 2017
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178 Students Awarded Scholarships in Fall Term
178 Students Awarded Scholarships in Fall Term   On October 20 at 7:00 PM, the Fall 2016 KUBS Scholarship Awards Ceremony was held at Ahn Young Il Hall in LG-POSCO Building. At the ceremony, former KUBS Dean Dong-One Kim, former Associate Dean Hosun Rhim, and donors, including Cheon-gu Heo (president of KOSAC), Deok-hee Cho (vice president of Small Rock Investment), Jae Joong Shim (vice president of KUBS Alumni Association), Kwang Soo Seo (Management Committee Member of Chung Pyung Hwa Fashion Mall), Seung Hyun Lee (CEO of INFAC), Junghee Shim (Director of Chongjo Clean Tech), Jong Kyun Yoo (Managing Director of KCC Corporation), Jaebeom Kim (vice CEO of Taurus Investment Management), Gyojin Kang (CEO of Ilsung Resort), KUBS professor Kwanho Suk, Jong Yoon Chae (Director of Heemin Capital), and 130 scholarship recipients were present.   The ceremony began with the welcoming remarks by Dean Kim followed by the presentation of scholarship certificates and dinner with donors and students. Then, the guest’s welcoming remarks, student representative’s thank you speech, and a commemorative photo shoot were held.   KUBS offered a total of 37 scholarship funds this semester and granted to 178 KUBS students: △KUBS Dream Scholarship (41 students), △Future Scholarship (43 students), △Soam Scholarship (12 students), △Freshmen Special Scholarship (9 students), △J. K. Huh Foundation Scholarship (7 students), △Yang Young Foundation Scholarship (7 students), △Kowon Shimwoo Foundation Scholarship (6 students), △81st Batch of AMP Scholarship (6 students), etc.   “As a KUBS student who will grace our school in the future, remember this scholarship you received today. KUBS will support you for your development,” Dean Dong-One Kim said in his welcoming remarks.   After the presentation of scholarship certificates, the guest’s welcoming remarks continued. “A true entrepreneur satisfies customers by providing high quality products and services,” KOSAC president Cheon-gu Heo said.   “As I am receiving this scholarship, I am wondering how can I proudly stand in front of the donors,” said Hankyul Joo (Business Administration, ’11), who received an 81st Batch of AMP Scholarship. “In order to become a donor contributing to society and the nation, I have been working on my studies and business simultaneously since my freshman year.”   A total of 178 students were awarded scholarships, totaling 450 billion won, through the 37 scholarship funds. As of now, the percentage of students receiving scholarships including both △internal scholarships and △external scholarships, is 69.3% (scholarship overlap counted).   KUBS Scholarships  
Jan 02, 2017
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The Best and Largest Faculty in Korea
Introduction to KUBS Faculty The Best and Largest Faculty in Korea     Korea University Business School (KUBS) prides itself for having the best faculty in Korea. As of Fall 2016, KUBS has a total of 123 members of the professoriate faculty, including 86 full-time professors, 17 invited professors, 5 adjunct professors, 4 international joint appointment professors, and 7 research professors. This is the largest faculty size among Korean colleges. KUBS offers seven areas of study: △Management, △International Business, △Marketing, △Finance, △Accounting, △LSOM, and △MIS.   The KUBS faculty consists of scholars who earned their doctorate degrees from the most prestigious business schools from all over the world, such as Harvard University (2 professors), University of Pennsylvania Warton School (3 professors), Stanford University (4 professors), MIT (1 professor), University of Oxford (1 professor), University of Cambridge (1 professor), Cornell University (1 professor), and Columbia University (2 professors). KUBS annually appoints more than one new professor (△2 professors in 2012, △3 professors in 2013, △2 professors in 2014, △1 professor in 2016) to maintain its outstanding faculty. In addition, the KUBS faculty has been demonstrating remarkable research performance while constantly publishing their papers not only in Korean journals but also in world-renowned journals. In the Business & Economics subject area of the “THE World University Rankings 2016-2017 by Subject,” KUBS is the one and only university in Korea to be named within the top 100, being 76th in the world. At the same time, the business school placed 97th worldwide and 1st in Korea in the Economics and Business subject area of the “2017 Best Global Universities Rankings.” Moreover, KUBS ranked 77th in the world (as of September), which is the highest in Korea, in the “SSRN Top 100 Business School Rankings.”   Not only that, the KUBS faculty has been leading the field of business administration by taking executive roles in academic societies. Professor DaeSoo Kim (LSOM) is president of the Korean Production & Operations Management Society and the Korea Association of Procurement and Supply Management. Professor Kwangtae Park (LSOM) serves as president of the Korean Association of Small Business Studies. Professor Sang Yong Kim (Marketing) has been elected as the next president of the Korean Marketing Association and will serve a two-year term, effective April 2017.
Dec 30, 2016
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[Interview] KUBS Associate Dean Jae Nam Lee, “Endeavoring to Strengthen Inner Values and Increase a Sense of Belonging for KUBS Members”
Interview with KUBS Associate Dean Jae Nam Lee “Endeavoring to Strengthen Inner Values and Increase a Sense of Belonging for KUBS Members”     Q. Congratulations on your appointment as the Associate Dean for Graduate School of Korea University Business School (KUBS). Could you share a few words with us?   I will do my very best not to disgrace the achievements that the former deans and management teams have made. Since the last KUBS Management Team, an additional Associate Dean has been appointed to the team which I believe will enable us to divide the work base on expertise. Previously, Korea University Business School (KUBS) has exceled in a variety of areas such as funding and buildings. Thus, we will henceforth be focusing on strengthening inner values of KUBS. I will endeavor to create atmosphere where all KUBS members, including faculty, staff, and students, feel included and to give them motivation to work harder.   I am in charge of KUBS International Office and Evaluation which are divided into four categories: International Accreditation, Student Exchange Program, Global Internship, and International Evaluation. With regards to the international accreditation, we have completed the peer review process of both AACSB and EQUIS conducted in 2014 and 2015, respectively. In the end of 2018, we are planning to prepare for the CEMS Peer Review. In terms of Student Exchange Program, the number of applicants for the Outbound Program has been on a declining trend. Thus, my goal is to increase student exchange agreements with prestigious universities all over the world including the U.S. so that we can send out more students to superior universities.   Unfortunately, the Global Internship is on the decrease as well. We aim to enhance the quality and quantity of internship opportunities as much as possible in order to boost its trend.   Finally, thanks to the former Associate Dean Hojung Shin, KUBS has been demonstrating remarkable results in various rankings. However, there is clearly no room for complacency. We will strive to be ranked higher.
Dec 29, 2016
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[KUBS Student Interview] “Making a College Life without Regrets Depends on Yourself”
Interview with KUBS Students “Making a College Life without Regrets Depends on Yourself”   How do students of Korea University Business School (KUBS), one of the most prestigious school in Korea, spend their college life? The KUBS students have gathered together to share their experience for prospective freshmen wondering what college life is like. On November 8, <KUBS Journal> met Freshman Hui Su Lee (Business Administration, ’16), Sophomore Jongin Lee (Business Administration, ‘13), Junior Ji Hyun Yang (Business Administration, ‘13), Senior Jungsoo Lee (Business Administration, ‘13) to ask about their life at KUBS. The students, all in different grades from freshman to senior, said that it is important to find your area of interest in order to make a college life without regrets.    (From the left) Sophomore Jongin Lee (Business Administration, ‘13), Senior Jungsoo Lee (Business Administration, ‘13), Freshman Hui Su Lee (Business Administration, ’16), Junior Ji Hyun Yang (Business Administration, ‘13)   Q. What is the difference between expectations you had in high school and reality of college life? Hui Su Lee: One difference is that, unlike in high school where we learned things from our teachers, we can actively study through debates and discussions in college. Jongin Lee: In middle and high schools, I learned English by rote or cramming education. However, in college, I have improved my English a lot as I enthusiastically participate in English courses and English debates. The campus is an environment where you can freely study with your friends. In my case, I make study groups with peers taking the same course to overcome hardship in studies. Jungsoo Lee: KUBS has multiple opportunities to meet with international students, as you move up to higher grades. Especially in the junior and senior year, half of the students who take major courses are international students and we exchange project feedbacks with each other. Q. Why did you choose KUBS? Hui Su Lee: For me, all courses offered from the Department of Business Administration were my area of interest. That is why, even before admission, I browsed the KUBS homepage to get more information, and looked forward to college life at KUBS. Since my sophomore year of high school, I have tried to acquire Business knowledge by studying the “TESAT” which is a National Certification of Economics. Jongin Lee: I have chosen KUBS because I wanted to spend my college life without regrets. I wanted to enjoy the unique cheering culture of KU and also study with friends on the nice campus. Ji Hyun Yang: The reason I wanted to come to KU was because of the special bond among KU students. I spent my high school years listening about college life from teachers who graduated from KU, and my expectations of KU culture and its network were high. Jungsoo Lee: Similarly, my motive to enter KU was the special bonding culture of students. Most of my teachers in high school were from KU and I saw them attend KU college reunions consistently after graduation. By looking at them, my goal was to come to KUBS, believing that I can enjoy my college life at KU for a long time. Q. Which extracurricular activities are you participating in? Ji Hyun Yang: Previously, I was a member of KUBS Student Council. As Plan/Finance Director, I planned a KUBS student festival and carried out different projects for student-lead activities. I am now the student representative of “KUBS Ladies” which is an alumnae association of KUBS. I am working to strengthen the network among KUBS women alumni. Hui Su Lee: I am currently in the KUBS Soccer Club “Kyung Chuk.” I was also a member of my high school soccer club, but university soccer clubs are more systematic and have a fun atmosphere. I am playing with many seniors, so I receive advice on studies and career from them. I am experiencing KU’s special bond through the soccer club. Jongin Lee: I am a member of KUBE, which is KUBS Student Ambassadors. At first, it was not easy to introduce KUBS in front of people whom I do not know, but it is truly my pleasure to share information about KUBS to diverse people. I feel especially proud when introducing the school to high school students, who are future KUBS students, and becoming their academic mentor.   Q. Wasn’t it difficult to balance your studies and other activities? Ji Hyun Yang: From the beginning of my university years, my goal was to participate in various activities. Since it was hard to invest time in studying, I always tried my best to focus during class and asked professors questions after class if I had anything that I did not understand. By understanding the materials, I could follow the course without any difficulties. Hui Su Lee: I always try to concentrate during class. Unlike high school, private institutes or lessons are not available, so it is important to practice your own method of studying. As our seniors mentioned, I make study groups with friends to study. When class ends, my friends and I review at KUBS study rooms and share parts that we do not understand with each other to keep up with class. Jungsoo Lee: There was a time when I was immersed in activities of an academic society. I used all of my time, except class hours, focusing on the society. It was hard to adjust my schedule, but I could keep my GPA by focusing only on my studies during the exam period. I also visited professors every day to ask questions. In particular, Finance courses were hard to understand at once, so I had to review the materials and organize my questions before visiting professors.   Q. Is there a KUBS program that you would like to recommend to students? Jongin Lee: It would be great if KUBS students utilize the Academic Advisor System. There are many opportunities to meet with senior students and alumni through activities such as “Faculty-Student Mentoring Day” with professors. By meeting seniors, we can get motivated and receive thoughtful advice regarding studies and our future career. Jungsoo Lee: I also recommend the Academic Advisor System. I am still in contact with my advisor and often ask his advice. I even met my professor in the U.S. when I went on an exchange program. I visit his office and meet him regularly. There are many professors here at KUBS, so please do not be shy. Professors are interested in each and every student, and you can receive feedback about your studies. Ji Hyun Yang: I recommend various activities including the exchange program. I went on exchange twice receiving scholarships. If you research in detail about scholarships, exchange programs, internships, and alumni mentoring programs, you will find many opportunities, so take advantage of these.   Q. Any last words of advice to high school students who wish to attend KUBS? Ji Hyun Yang: I hope you all spend a college life that extends your views and understanding of variety. Following the standard paths, such as becoming a CPA or a public officer, is not always the answer. I feel sad when I see juniors locked up in a stereotype way. I hope students can experience everything they want in their studies, career, and college life, as well as being free from the standards of other people. Jongin Lee: Until recently, I was also stressed because I wanted to achieve my goal as fast as I can. However, I think that trying to fulfill your goal in a short time is not always the best way. There are things that we need to enjoy in some moments of our lives, and I hope that we always live faithful to the present. Jungsoo Lee: I hope students enjoy their college life without worrying about what others think. If you start focusing on other people’s views, you may end up following advice that you do not want to follow. I think the most important key of college life is finding the answer of how you would like to live. Therefore, I hope everyone makes their own decisions according to their own values, without being disturbed by other’s advice. Hui Su Lee: Before coming to college, I too, had many concerns about college life. However, I think good results happen when you follow your own beliefs and work diligently. College life is surely more enjoyable than high school life, therefore I am sure you will gain good results when you happily do your job.
Nov 24, 2016
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[MBA Success Story] 10th Class of GMBA – Minhee Bae
“By motivation gained through CEO mentoring sessions, I was able to develop my career” MBA Career Success Story   Minhee Bae (10th Class of GMBA), IKEA Korea   1. Please briefly introduce yourself. My name is Minhee Bae and I'm a member of the 10th Class of GMBA. I'm on track to graduate this coming August and I have been working as a HR Specialist at IKEA Korea since July of this year.   2. What did you do before you entered GMBA? I studied finance and majored in International Business. Upon graduation, I worked at a global company, supporting international business activities of the firm, from which gathered overall knowledge and experiences pertaining to human resources. Before starting GMBA, I worked at the HR department of an American company after a M&A took place. After working with several managers, I realized how crucial a MBA degree was in acquiring the necessary leadership skills.    3. Why did you choose Korea University’s GMBA? It was not easy giving up a stable job to come back to school. Everyone around me recommended taking the MBA course that is offered in the evening. However, I thought this would put a limit to my learning experience. Furthermore, I deeply wanted some time to reassess my career plan and the quickest way of enhancing my professionalism.   I believe MBA in Korea University has the capacity to compete at a global level when comparing to both domestic and foreign MBA programs. Not only does it have a great curriculum, but it also has globally renowned professors, as well as networking opportunities through CEMS network. Moreover, Korea University's unique culture of strong bond among alumni played a major role in my decision, as networking is a critical component of MBA.   4. In GMBA, which curriculum has helped your career development? Domestic and foreign professors' admiring lectures and case studies, as well as the IRP (International Residence Program) in Shanghai, China, and Barcelona, Spain, were extremely unique experiences. Also, the curriculum that allowed me to actually apply what I have learned to a real business was extremely helpful, especially the "business simulation" executed at module. This experience allowed me to team up with my colleagues and run a virtual business, managing operations, quality, R&D, finance, HR, and etc., not to mention how valuable it was for us to perform business planning based on the virtual market conditions and make decisions.    5. What was the most helpful coaching resource provided by KUBS Career Hub? Mock interview was the most helpful. The Career Development Center provided periodic mentoring and special lecture sessions led by either Korea University alumni or related CEOs, which constantly motivated me. This exposed me to true market conditions and helped me to develop a sense of where I want to take my career. 6 months before I graduated, I was participating in mock interview program with HR coordinators in global companies, which turned out to be very helpful as well. The feedback and the interview coaching from Career Development Center allowed me to perform at my full potential without getting nervous in the real interviews.    6. Do you have any advice for job seekers interested in the related field? I learned the value of connecting and cooperating through the GMBA program at Korea University. The synergy that derived from cooperating, studying, and discussing with my colleagues with various backgrounds and nationalities will forever be useful and I will always take pride in the fact that I graduated from the GMBA program from Korea University. In my case, I tried to connect what I learned in school with the real world, which allowed me to naturally develop new thoughts and values that I missed out on as a college student back when I was pursuing my BA degree.   Moreover, now that I am back at work, it turns out the principles and cases that I was exposed to during the GMBA program became the foundations for applying new ideas in the real world. By utilizing the competitiveness and influence of the GMBA program, I hope everyone can further develop their career and rise up to the decision maker level.
Nov 18, 2016
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Interview with Entering Class of 2015 MBA Valedictorians
Interview with Entering Class of 2015 MBA Valedictorian   Finance MBA Valedictorian Woo Joo Yang (10th Batch)   1. What does it feel like to be Valedictorian? I want to thank Korea University for giving me an opportunity to be in the FMBA program and to KEB Hana Bank where I work. I also would like to thank my FMBA colleagues and my wife who have always supported me. As I completed each module diligently, I was able to produce exceptional results. Achievements earned from FMBA program will be the good ground for my career.     2. What were the keys to become Valedictorian?  Firstly, I think it was my passion for learning. After 10 years of working, I was desperate to have an opportunity to systemize my experience at a bank through learning and then utilize my knowledge when I return to work. Thus, my motivation was clear. Secondly, my CFA certificates that I obtained previously were a big help. A CFA certificate is specialized within the fields of finance and accounting, which is was very similar to the MBA curriculum. Lastly, my work experience at a bank also helped me greatly. I suggested my thoughts and proposal ideas of Korea’s finance industry during the team project. My work experience served as the foundation of working in a team.     3. What is the most memorable experience during Finance MBA? I would say the IRP program, especially when I took the course related to risk management at NUS. Although I went through some difficulties, it is a valuable moment which I cannot easily experience. In addition, I was able to learn the current position of Korea in global financial market by visiting a financial institution in Hong Kong. 4. What did you learn from Finance MBA? Through the FMBA program, I have developed expertise in finance and accounting along with my CFA certificates. Not only I learned academic theories by taking courses, but also felt a sense of achievement through projects with my teammates from various backgrounds.   5. Do you have any advice for the upcoming FMBA freshmen? Because the following program is specialized in finance and accounting, the new students may have difficulties keeping up with the program. However, if you have a passion to study and spend time on it, eventually you will be able to pave your own path. As you actively share your opinions in the team project, you will find yourself growing. Lastly, it is important to keep in touch with your colleagues, alumni and professors and build a network to support each other. Global MBA Valedictorian Jiwon Woo (10th Batch) 1. What does it feel like to be Valedictorian? I would to like thank those of you who always supported me to complete Global MBA Program. The past year was necessary for my long-term career, and it was a meaningful time for me to meet precious people who will last a lifetime.   2. What were the keys to become Valedictorian?  I believe it was my strong will for learning. Although I was not a typical exemplary student, I completed my assignment diligently with responsibility. Since I chose this program for my self-development and long-term career, I set high goals and did my absolute best. I always endeavor to produce better results than my goals.     3. What was your motivation to start GMBA? I thought an MBA program was the most necessary program for me to reach my ultimate goal of working in the field of strategic consulting. The GMBA curriculum, which all courses are offered in English, was a perfect fit for those wishing to become a global talent. Furthermore, the best part of this program is that I have a chance to build a network with students from various countries. 4. What did you learn from GMBA? The GMBA was a great opportunity for me to overcome fear of numbers. When I was a student, I avoided taking courses related to numbers. I thought this could possibly be an obstacle for me to become a business leader in the future. Therefore, I decided to major in Finance. Thanks to the GMBA program, I was able to overcome fear of numbers. It helped my consulting career as well. 5. Do you have any advice for the upcoming GMBA freshmen? I hope you will make unforgettable memories through this MBA program, which is an once-in-a-lifetime opportunity. The professors with excellent lectures, GMBA colleagues and alumni have always planted a deep insight in me. Now when I look back, there were many events occurred, such as orientation session and commencement ceremony. I personally think all of my times at KUBS were meaningful, and I hope you all learn many things from the GMBA. Take an advantage of this opportunity and enjoy it.    
Sep 30, 2016
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Alumni Interview: Iljin Group CEO Sang Il Lee (Commerce, ’57)
KUBS Alumni Interview — Sang Il Lee (Commerce, ’57), Chairman of Iljin Group “One with professionalism and positive attitude can succeed” Q: Iljin Group is leading the field of wheel bearing with its innovative technologies. Tell us about the company’s vision and your business philosophy as Iljin Group reaches out to the world beyond Korea. The three core values for Iljin Group’s corporate culture are “creative spirit,” “teamwork,” and “make it happen.” With that being said, our company supports all employees, so they can collaborate to achieve goals based on their insights. A company can stay in business with its results and profits. In order to bear fruits in management, the company shall ensure its competiveness in the market by producing excellent goods in various aspects, such as technology, quality, price, etc.   Iljin Group is leading the world’s wheel bearing market with the global market share of 30%. Our major clients are world-class automobile companies, including Hyundai Motor Company, Kia Motors, BMW, Ford, Renault, VW, PSA, FIAT, Mercedes-Benz, Chrysler, GM, TESLA (manufactures electric vehicles), etc.   Since the initial stage of Iljin Group, I had a goal and confidence to produce goods with global competiveness, rather solely focusing on the domestic market. I believed that providing excellent products at the lowest cost would lead our company on the path to success in the global market. Because wheel bearing is an essential part of an automobile, it is important to guarantee its best quality with securing the stability. I must say it was not easy to penetrate the market due its high price and quality; however, under the company’s management philosophy “make it happen,” I did not give up. With a sense of duty, I constantly invested in research in order to be recognized as the most important quality.   Iljin Group currently has research facilities in the United States and Germany. Professional technicians in Korea and overseas cooperate together to enhance the cost competiveness by increasing the automation rate using robots, sensors, and computers. The Quality Assurance Team is responsible for product manufacturing and delivery, while satisfying customer needs. Q: Many students are trying to start their own business nowadays. You have made a meaningful donation for the KUBS Support for Business Start-Ups. KUBS, my alma mater, has been recognized as the best in Korea according to various performance indexes in Korea and abroad. And now KUBS is making progress to be recognized by the world beyond Korea. I am extremely proud of the accomplishments of my alma mater.   Until the development of KUBS with its 110-year history, there have been numerous deans of KUBS, professors, including former KU President Yoon-dae Euh, who have played a major role. With these professors, KUBS produced talented individuals leading Korea. Also, because of our alumni’s love for KUBS juniors, students have access to study in the superior educational facilities.   A number of world’s distinguished universities strive to improve their start-up education. As I, too, was able to advance into the global market by starting my own business, I believe that start-up education is necessary in order to change the economic paradigm of Korea. I decided to donate the funds to develop my alma mater in a successful direction and to support our students become entrepreneurs who demonstrate their abilities to lead Korean economy. I hope KUBS Start-Up Center, which will be completed in September, will foster entrepreneurs with integrated thinking. I am confident that students will have more chances of success by challenging themselves, rather than being afraid of failure.     Q. What are some virtues that students desiring to start their own business shall improve during their studies? Please give words of advice to KUBS students. I would like to emphasize two virtues: “professionalism” and “positive attitude.” First of all, it is imperative to build your own professionalism. Developing professionalism with insights will help students become global leaders fitting the trend. Once students have made a decision on their business item, they should aim high to become the best in the world. In addition, they should think on their feet to be one step ahead in the market.   Positive attitude is also extremely important. One who only has knowledge cannot become a great leader. Nothing can be accomplished alone. You should endeavor to earn the respect and recognition from your co-workers while working together. One with positive attitude can win the hearts of clients. If you always behave modest and humble, you can become a wise entrepreneur. I will always support our KUBS students on their journey of becoming a great entrepreneur with a warm heart who thinks carefully but act boldly.   
Mar 08, 2016
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