• KUBScholars Seminar
    KUBScholars Seminar
  • Winter 2017 Global Internship Information Session and Schedule
    Winter 2017 Global Internship
  • Spring 2018 KUBS MBA Admissions Open
    Spring 2018 KUBS MBA Admissions Open
  • KU Achieved the Highest Pass Rate on the 52nd CPA Exam for Two Consecutive Years
    KU, Highest Pass Rate on 52nd CPA Exam
  • KU MBA is No. 1 for 5 Consecutive Years
    KU MBA is No. 1 for 5 Consecutive Years
  • KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey”
    No. 1 in “2017 AMP Preference Survey”

    Korea University Business School's Advanced Management Program (AMP) topped in the "2017 AMP Preference Survey" among private universities. 

    The KUBS AMP received excellent evaluations in the business and economics assessment and is ranked second overall among private universities followed by △Yonsei University (3rd) and △KAIST (4th). The ranking is two spots higher than the previous assessment. The newly revised curriculum and innovative participant composition have positively affected the results. “The KUBS AMP—featuring the powerful alumni network—consolidated its reputation through curriculum innovation,” the university officials said. 
Korea University’s MBA Admissions Open for Spring 2018
Korea University’s MBA Admissions Open for Spring 2018   Korea University Business School (Dean=Professor Soo Young Kwon) is now accepting applications for Spring 2018 MBA admissions. Three MBA programs that admit new students are △Korea MBA, △Executive MBA, and △Finance MBA.     Korea MBA (KMBA) is a two-year, evening MBA program designed for the best working professionals in Korea and requires 45 credit hours of coursework. As the program runs in spring and fall semesters, it is ideal for professionals who work full time and want to earn an MBA degree. KMBA offers specialized majors such as Organization, Accounting, Finance, Marketing, LSOM, MIS, International Business, and Strategy. The application deadline for KMBA is October 25 (Wed) at 17:00. The MBA Admissions Board’s decision will be released on December 8 (Fri) at 15:00.   Executive MBA (EMBA), designed to serve senior executive with a minimum of 10 years of significant professional experience, is a two-year weekend program (Fridays and Saturdays). While two program directors will be assigned to help students with their coursework, EMBA offers superb educational services including exclusive use of MBA classrooms and lounges. On the top of that, EMBA competes on the world stage. In fact, the program was ranked 24th in the 2016 World’s Top 100 Executive MBA Rankings, announced by Financial Times in the United Kingdom. The application deadline for EMBA is October 27 (Fri) at 17:00. The Admissions Board’s decision will be released on November 15 (Wed) at 15:00.   Finance MBA (FMBA) aims to foster financial leaders who will lead the Korean financial industry. FMBA is a two-year, evening MBA program, and its classes are scheduled to meet two nights a week. Biweekly Saturday classes and summer and winter sessions are available as well. Students can learn finance and management theory from the best faculty in Korea, attend lectures delivered by financial experts from various fields, and pursue its well-balanced curriculum which combines theory and practice. The application deadline for FMBA is October 25 (Wed); 17:00. The Admissions Board’s decision will be released on November 27 (Mon) at 15:00.   On September 20 (Wed), Korea University Business School will host the 2018 Admissions Information Session on the Seoul Campus of Korea University. The EMBA Information Session will be held at 19:00 in Ahn Young Il Hall of LG-POSCO Building while the KMBA Information Session is at 19:20 in SUPEX Hall of LG-POSCO Building. Lastly, the FMBA Information Session is scheduled to be held at 19:00 in room 202 of Hyundai Motor Hall. The admissions information session includes an introduction to KUBS and each program and a Q&A session. MBA admissions for Spring 2018 are available at https://bizapply.korea.ac.kr/en/. Any inquiries regarding admission can be directed to the Administrative Office of MBA Programs at 02-3290-5365.   Click here to register for the Admissions Information Session (September 20)   Click here to apply for MBA programs  
Oct 25, 2017
Applications for Spring 2018 KUBS Graduate Admission Open
Applications for Spring 2018 KUBS Graduate Admission Open The application for Spring 2018 KUBS Graduate Admission will be open soon. The Department of Business Administration, which offers six major areas of specialization (△Management, △MIS, △LSOM, △Marketing, △Finance, and △Accounting), and the Department of International Business will admit new students.   Applicants can apply for Spring 2018 KUBS graduate admission online via Korea University Graduate School's website (https://graduate.korea.ac.kr). Further information is also available on the website. The admissions information session will be held on September 15 (Fri) at 15:00 in room 433 of LG-POSCO Building.   ※ Click the image below to register for the admission information session. The admission process for domestic and international applicants will be conducted separately. The online application period for domestic applicants will be October 10 (Tue) through October 16 (Mon) while international applicants can apply from September 11 (Mon) to September 22 (Fri). In addition, domestic and international applicants are required to submit hard-copy application items by October 18 (Wed) and September 29 (Fri), respectively.   Applications and interview will be reviewed and conducted by an admissions committee of each department. The review period applies to both domestic and international applicants. The application screening process is from November 6 (Mon) to November 10 (Fri), and the interview will be held on November 11 (Sat). After this review process, admission decisions are scheduled to be announced on December 8 (Fri).      Meanwhile, starting Spring 2018, international applicants are required to submit the online application and are invited for interview. However, a decision on whether or not to conduct an interview will made by the admissions committee of each department.
Sep 30, 2017
KU Achieved Highest Pass Rate on 52nd CPA Exam for 2 Consecutive Years
KU Achieved the Highest Pass Rate on the 52nd CPA Exam for 2 Consecutive Years   On the 52nd Certified Public Accountant (CPA) Examination of 2017, Korea University has recorded the highest pass rate in the country, far outstripping other universities in Korea. This achievement reaffirms KU’s position as the best institute for nurturing certified public accountants, with the highest cumulative numbers for the past six years (2012 – 2017).     According to reports by several accounting firms, KU has produced a total of 97 successful CPA candidates this year, which is the largest among universities in Korea. Yonsei University and Sungkyunkwan University tied for runner-up with 78 successful candidates each. Kyung Hee University (73 successes) came in third followed by Chung-Ang University (70 successes) and Hanyang University (65 successes). Based on the CPA exam results over the last five years, this is the second consecutive year for having a huge gap between first and second place. Although the number of successful CPA candidates has dropped slightly from 118 to 97, KU still produced 20 more than Yonsei University and proved itself as the top performer in the business field. There was a prospect KU would have the most number of successful CPA candidates this year, as it already achieved the highest pass rate with 180 successes in the first CPA exam.   These laudable achievements were made possible by the support of the university. Korea University Business School (KUBS) runs a CPA prep program called “Jeongjincho (精進礎, Advisor=Professor Han Sang Yi) and throws full support behind students studying CPA. Moreover, Jeongjincho offers gathering events with alumni from accounting firms and various lectures. All KU students and graduates are eligible to participate in the events. Meanwhile, a total of 915 candidates passed the 52nd CPA Exam according to the Financial Supervisory Service. Out of 2,898 CPA examinees who took the second CPA exam from June 24 to 25, those who scored 60 or higher in all subjects have been selected as final successful CPA candidates.
Sep 15, 2017
Chaelynn Lee (Business, ’14) Awarded Highest Honor in World Miss University Korea
Chaelynn Lee (Business, ’14) Awarded Highest Honor in World Miss University Korea “I dream of becoming a global CEO” Chaelynn Lee (Business, ’14), an undergraduate of Korea University Business School (Dean=Professor Soo Young Kwon), was awarded “Ji,” the highest honor in the 30th World Miss University 2017 in Korea. World Miss University is an annually held world campus peace festival, aimed at selecting group of candidates to form a World University Peace Corps delegation. The event was organized to commemorate the 1986 UN’s resolution of celebrating the International Year of Peace. Students selected under each of the 3 categories in “Ji (wisdom),” “Duk (virtue),” and “Chae (body)” will join other students from around the world and serve as members in the World University Peace Corps.   On August 30 at 6:00 p.m., the 2017 World Miss University in Korea was held in Theater Hall, Walkerhill Hotel situated in Gwangjin-gu, Gwangjang-dong, Seoul. To consolidate friendship among the participants, the 60 contestants partook in a 10 day bonding activity which took place from the 21st to the 30th of August. These activities included visiting Seoul National Cemetery, serving as honorary ambassadors to PyeongChang Winter Olympics holding charity sale, and visiting Sungkyunkwan University to have education in manners. They introduced themselves on the official webpage and various portal sites to showcase their talents varying in dancing, singing, and playing musical instruments. Lee was given the Peace Forum Award, and granted the title “Ji,” recognizing her as the most suitable candidate to serve as an envoy for peace. She dreams of becoming a global CEO, and she is fluent in English and French. Lee enjoys playing tennis and doing yoga. She is now qualified to compete in World Miss University which is scheduled to be held in Cambodia in December. “I did not expect to win first place but it is a privilege,” Lee said. “I will fulfill my dream of becoming a global CEO and be at the forefront of promoting world peace.”     Meanwhile, Eun Hye Shin from Yonsei University Law School was awarded second place “Duk,” with Ha Young Lee from Ewha Womans University settling for third place, “Chae.
Sep 07, 2017
Retirement Ceremony for Professor Seoil Chaiy, Professor Jin Kyu Lee, and Professor Kwan Hee Yoo
Retirement Ceremony for Professor Seoil Chaiy, Professor Jin Kyu Lee, and Professor Kwan Hee Yoo Wishing all retiring professors a bright and blessed future   On August 25 (Fri) at 6:00 p.m., Korea University Business School (Dean=Professor Soo Young Kwon) hosted a retirement ceremony for professors dedicated to nurturing the next generation of scholars for a long time. The retirement ceremony was held by KUBS to celebrate and honor the retirement of the professors who poured out their endless love and passion for KUBS. Three retiring faculty members — Professor Seoil Chaiy, Professor Jin Kyu Lee, and Professor Kwan Hee Yoo — and KUBS professors attended the celebration.   KUBS Dean Soo Young Kwon said each of the three faculty members will be sorely missed. He remembered Professor Chaiy as “a living witness to the history of KUBS,” Professor Lee as “a leader in diverse fields,” Professor Yoo as “a mentor who taught complicated accounting theories at the level of students.” “Each one of you are the pride of KUBS,” Dean Kwon concluded. “As elders of KUBS, I have no doubt you will continue to play a pivotal role.”     The retiring professors’ love and pride in the university stood out in their poignant farewell speeches. “I truly enjoyed my life as a professor. Being a professor was a true vocation,” Professor Chaiy said. “It has been my privilege and honor to serve as a professor of Korea University for a long period of time.” As Professor Chaiy was extremely empathetic towards students who had concerns about their career paths, he plans to provide job information and help map out a career path for students after his retirement.     “I am currently finding a way to return the support I had received from Korea University,” Professor Lee said. “I will always keep in my mind that I was a professor of Korea University and will help people facing obstacles in varied ways.”     “21 years and a half – I have spent one-third of my life at Korea University. I was able to look back on my journey I have walked through,” Professor Yoo said in his farewell speech. “I believe one of my talents is teaching, and after my retirement, I will strive to produce the next generation of scholars using my unique talent.”     Meanwhile, Professor Seoil Chaiy, Professor Jin Kyu Lee, and Professor Kwan Hee Yoo joined the faculty of Korea University Business School in 1984, 1989 and 1996, respectively and retired from KUBS in August 2017. As of Fall 2017, the three professors will serve as professors emeriti and continue to contribute to the development of the university in different directions.  
Aug 28, 2017
KUBS Futurum 2017 Asia Tri-lateral Seminar Launched
Korea, China, and Japan gathered to lead rapidly changing future society KUBS Futurum 2017 Asia Tri-lateral Seminar Launched   On August 17, “KUBS Futurum 2017 Asia Tri-lateral Seminar” was successfully held at LG-POSCO Building. The seminar was hosted by Korea University Business School (KUBS) in conjunction with Peking University HSBC Business School (PHBS) in China and Hitotsubashi University in Japan. Launching its first-ever seminar at Korea University, the three universities will alternately host a seminar every year. The Asia Tri-lateral Seminar is the second session of the “KUBS Futurum,” a Future Forum event by KUBS, and an annual academic forum held every August. The seminar was organized to predict a future society affected by the fourth industrial revolution and seek a preemptive strategy to overcome barriers.       The topic of this year’s Asia Tri-lateral Seminar was “Corporate Strategies in China, Japan, and Korea in the New Normal Era.” The seminar consisted of a presentation session and discussion session. The presentation session was conducted by Professor James Yen from PHBS, Professor Toshihiko Kato from Hitotsubashi University, and Professor Jon J. Moon from KUBS while the discussion session, opened to the audience, was led by Professor Jay Hyuk Rhee from KUBS, Professor Jiao Shi from PHBS, and Professor Fujiwara Masatoshi from Hitotsubashi University.     The first presenter was Professor James Yen from PHBS who talked about “Transformation Strategies for Chinese Private Enterprises in the New Normal Era.” Professor Yen stressed on Chinese government’s grand strategy “one belt, one road (OBOR)” and “family succession plans” in Chinese private enterprises. OBOR comprises of two routes — the Silk Road Economic Belt that links China to Europe through Central Asia and the 21st Century Maritime Silk Road connecting Southeast Asia and Europe to Africa. “Under the Chinese government’s OBOR, Chinese private enterprises desire a successful transition from the founder to the second generation,” Professor Yen said. “Businesses such as energy and infrastructure in the OBOR project are appealing opportunities for second-generation successors to prove themselves as business owners.”       After Professor Yen’s presentation, Professor Toshihiko Kato from Hitotsubashi University continued his presentation on “Organizational Obstacles to Effective Strategic Action.” He pointed out that creating and sharing a clear strategy among core members of a business unit through close communication and allocating responsibility for implementation of the business unit’s strategy to each member are the ways to construct an effective organization. “Dubious delegation seasoned with irresponsibility brings organizational malfunctions in the business unit,” Professor Kato said. “The most effective method is to make subordinates participate in formulating a corporate strategy.”     The last presentation, titled “Strategies under Low Growth and High Geopolitical Risk,” was delivered by Professor Jon J. Moon. “Japanese firms’ active international diversification strategy helped escape from the low-growth economy,” Professor Moon said. “Toyota successfully overcame the decline in domestic sales by carrying out its aggressive international diversification strategy in 2000s.” He asserted that Korean firms should integrate more into Chinese markets as they are facing geopolitical risk with the tension between the U.S. and China. For instance, although South Korean company Lotte suffered sales loss in China due to the deployment of the THAAD, its sales, in fact, have been sliding for years. “If Korean firms want to survive in China, they have to deeply engage in its markets by implementing corporate social responsibility activities and playing as a bridging role for Chinese companies to enter Korea,” Professor Moon added.       “I would like to thank Professor Wen Hai, Dean of PHBS, and Professor Toyohiko Hachiya, Dean of Hitotsubashi University for their boundless support of the Asia Tri-lateral Seminar,” KUBS Dean Soo Young Kwon said, wrapping up the seminar. “I hope this seminar will allow us to continue our partnership and share knowledge so that the three universities representing Asia will be able to predict and lead our rapidly changing future society.”
Aug 21, 2017
“KUBS Teen Mentoring Day” Led Me to Dream of Entering KUBS” – Interview with Minsuk Kim and Geon Choi (Business, ’17)
Interview with Minsuk Kim and Geon Choi (Business, ’17) “‘The KUBS Teen Mentoring Day’ Led Me to Dream of Entering KUBS”   Of those who participated in “The 1st KUBS Teen Mentoring Day” in 2015, four mentees became the Entering Class of 2017 at Korea University Business School (KUBS). <KU Business Journal> met Minsuk Kim (right) and Geon Choi (left) to hear their stories.     Q. What made you apply for “The 1st KUBS Teen Mentoring Day?” Minsuk: My high school teacher saw the notice about the KUBS Teen Mentoring Day and recommended it to me since I had shown interest in Business Administration. I also thought it would be a good experience and decided to participate in the event. Geon: I had been interested in Korea University and used to collect various information through its website. Since there were many applicants, I was worried about not being able to participate, but thankfully I was able to join as a mentee.   Q. What did you gain through the KUBS Teen Mentoring Day? Minsuk: The New Product Development and Investment Program and Business Negotiation Training Program held during the Mentoring Day were most memorable. Through such activities, I became more attracted to the field of Business Administration. Moreover, the various and exceptional programs offered by KUBS and the high percentage of students receiving scholarships — which I heard from the student ambassadors — were very appealing. As a result, I became more certain of my goal to attend KUBS after participating in the Mentoring Day. Geon: The Business Negotiation Training Program had the largest impression on me as well. Each one of us had to play the role of a department head, debate, and draw a conclusion in one hour. That process was very new to me. I was able to think deeply about my designated role and learn more what Business Administration really is through the process of communicating between different departments. My experience that day was a big motivation when writing my college essay and helped me a lot in understanding Business Administration.   Q. After entering KUBS, what was the most enjoyable memory of your college life during the past month? Minsuk: I enjoyed hanging out with my college friends the most. I feel like a day goes by so fast when I take the same classes and hang around with them. Of all the school events, the cheering orientation was especially unforgettable because we got to learn the school’s fight songs while rooting for the school with arms around each other’s shoulders. Also, the joint cheering orientation was wonderful as it let us socialize and get together with students from Yonsei University. Geon: For me, wearing my high school uniform and having Joong-jja (eating Black Bean Sauce Noodles on the Central Square’s grass) with my friends on April Fools’ Day were most memorable. Also, when we first got our school jackets, my friends and I were really happy and said “we are now officially Korea University students.” Although I was a bit shy at the cheering orientation but it was fun. I am especially attached to Korea University’s cheering culture since it was the first of its kind that I came across in high school.   Q. Do you have any words to prospective KUBS students preparing for college application? Minsuk: KUBS is a place where students can do and enjoy lots of things. Prospective KUBS students, effort will never betray you! You might feel exhausted and stressed out now, but if you continue to do your best, you will experience a wonderful college life at KUBS. I look forward to the day we meet. Geon: When I bought books during my last year of high school, I wrote “KUBS” on the cover page and then studied. So, I made people think of “Geon Choi” when they talk about “Korea University.” I was able to enter KUBS because I believed in myself and was confident that I could do it.
Jun 15, 2017
[Study Abroad Story] GSU, University with Diverse Curriculum — Soohyun Cho (Business, ’15)
GSU, a university with a diverse curriculum   I attended Georgia State University (GSU), located in Atlanta, Georgia, during my spring semester of 2017. I chose GSU after considering its location, classes, and weather.   To begin with, the public transportation system in Atlanta is convenient. Also, GSU has many courses that are approved as major courses compared to other universities. Since I am especially sensitive to cold, the warm weather of the Southern United States gave more reason to choose GSU.   GSU is a state university and is located in downtown Atlanta. GSU’s student body is ethnically diverse, and its business school is well known with a variety of different classes.   There is a well-established student welfare system at GSU. I felt that the university always cared for students. It provided a lot of special lectures and information to make it easier for us to get an internship or a job. The university also has a good sports hall and actively encourages students to participate in sport activities. For instance, the “Touch the Earth” program lets students experience activities such as rafting, horseback riding, and hiking or traveling to places nearby. Buying an Atlanta City Pass and traveling around is also a plus. Students can visit many places such as the World of Coca-Cola, the Georgia Aquarium, and the CNN Studios. GSU is located in a good spot to easily travel to other areas.   I wanted to take many courses that are offered in the U.S., not in Korea, so I ended up taking six courses. However, unlike Korea, the frequent quizzes and tests were quite a workload. Also, universities in the U.S. require a lot of prerequisites. So, if you take many courses in Korea before going as an exchange student, you should be able to take classes without restriction.   The course I wanted to take the most was <HADM 3010 Perspective Hospitality Industry (Kyle Townsend)> because hospitality was an area that I had not heard of — not only Korea University but also in Korea as a whole. Many topics such as hotels, restaurants, room division, tourism, and casino were dealt in the class. We had to do a restaurant review as a team project, which was very interesting. There were also a case study assignment and an online quiz every week. The final exam was cumulative but the professor gave guidelines beforehand so it was not too difficult to study. The course <HADM 3750 Hospitality Human Resources Management (Debby Cannon)> was also interesting. This course covered personnel management within the field of hospitality. Because many of the U.S. students have interest in career since a young age and have part time jobs, the professor frequently asks the students’ opinions during class. Listening to the experience of my classmates allowed me to grasp a more vivid picture of what I learned.   Atlanta is a great place to live because people in the city are extremely friendly. Thanks to the GSU students who were always helpful and came to me first, it was easy for me to fit in. The professors were also supportive by answering my questions and replying to all emails. I met many great people and had such a good time in GSU which made me want to stay even more.     Soohyun Cho (Business, ’15)   View Related Article [해외협정교 소개] 지역경제에 큰 영향…연구중점대학 GSU
Jun 15, 2017
“An MBA with the Best Global Networking” – Interview with the 9th Class of S³ Asia MBA Seung Bin Hong and JiYeong Hwang
Interview with the 9th Class of S³ Asia MBA Seung Bin Hong and JiYeong Hwang “An MBA with the best global networking”   Korea University Business School’s S³ Asia MBA Program (AMBA) is a program specialized for Asia and is jointly run by Korea University (KU), the National University of Singapore (NUS), and Fudan University (Fudan).   Every AMBA student agreed, saying: “There are many opportunities to meet new people from Fudan and NUS, and since all of them live abroad together, we get to experience each country’s culture in depth. This makes AMBA the best program for those who wish to do business in Asia.” We met two students from the 9th Class of AMBA, Seung Bin Hong and JiYeong Hwang to talk about the AMBA Program and its networking.   Q. You completed your first semester at Fudan, and your second semester at Korea University is almost at its end. How was your experience with AMBA? Seung Bin: It was much more helpful and satisfying than I had thought. To begin with, the curriculums at the three universities — Fudan in China, KU in Korea, and NUS in Singapore — have different concepts. Fudan focuses on the basics. It has the advantage of learning various basic courses through the perspective of a Chinese professor. The KU’s curriculum is more intensive. Advanced learning based on basics such as Management Accounting, Financial Accounting, and Operation Management take place. In Singapore, we learn electives in detail.   JiYeong: Agreed. A great advantage is that we can directly experience the different characteristics of the three countries and the three universities. Because we took the basic courses together with students from other MBA programs at Fudan, we experienced both small- and large-sized lectures. Since the courses at KU are more intensive, most of them are small-scale classes with fluid discussion between students and professor. Furthermore, at NUS, we can select varied electives based on our future career paths and what we learned at Fudan and KU. I think all of the curriculums are well established.     Q. Many people pointed to the “network” as one of the strengths of Korea University’s MBA programs. Do you think the “network” is applicable to AMBA as well? JiYeong: Actually, the small number of students was one thing that worried me the most when applying for AMBA. Because there were about 30 students including 10 Korean students and international students, I was concerned that the networking might be too narrow. But it turned out to be needless worry. While attending Fudan, I took classes and ran projects with students from other MBA programs such as International MBA and felt the university provides an open environment. The networking was extremely diverse since there were students from all over the world including Asia, Europe, and Canada.   Seung Bin: That’s right. Through AMBA, I was able to build a strong network with friends from China, India, and Singapore. The depth of the network is also a huge benefit. The network was not vague or shallow but rather long-lasting because it was created while living together. In fact, the Korean students helped other students during the semester in Korea and the Chinese students during classes in China and so on. I also think using Fudan’s alumni program will be very advantageous when doing business in Asia.   Q. What networking activities are included in AMBA? Seung Bin: Since we studied at KU this semester, Korea students provide a variety of activities for international students. We went skiing last winter and recently, we visited Jeju Island. We also wore a hanbok (traditional clothing of Korea) and went on a Gyeongbokgung Palace Tour. A sports event jointly hosted by AMBA, GMBA, and FMBA — other MBA programs at KU — was held to build a network.     JiYeong: A networking program at NUS called “MP (Management Practicum)“ provides consulting service to NUS graduates’ company. The program is in line with an internship. You can do an internship during the semester and experience real-life business. This program is extremely useful as it can lead to a full-time job. Q. Are there any changes thanks to the network you built through AMBA? JiYeong: I used to think I knew quite well about being “global.” But through the AMBA Program, I realized that “global” I knew was only the tip of the iceberg. Living abroad and exchanging ideas while studying in groups led me to a deeper understanding of the culture of a foreign country. My thoughts about Asia in general also changed. I came to look at not exclusively China but also India and Southeast Asia, where we have an overseas Chinese culture in common.   Seung Bin: I asked Professor Jaiho Chung, who is our Program Director and a professor of International Business, how should one do business in a foreign country. He answered, saying “It becomes much easier when you understand that country’s culture.” While doing AMBA, I was able to have hand on experience of what that really meant. The AMBA Program does not skim the surface but makes you learn a lot through sharing culture, lifestyles, and even ways of thinking. Thanks to this, I was able to gain confidence about doing business abroad.   Q. Lastly, do you have any words to prospective AMBS students? Seung Bin: If you are certain with your goal, there is nothing to hesitate about. However, if you simply want to change your entire life through an MBA program, I would not recommend it. You will be able to gain a great deal from AMBA, but only when you start it after you think thoroughly enough about your life. I would say to think of it as a catalyst rather than an escape.   JiYeong: If you are thinking about doing business with China, I can boldly state that AMBA is the best in Korea. You have nothing to worry about the networking at AMBA. From China through Singapore, an environment to meet new people from around the world is always open.   ABMA students are having a good time in China and Korea (photo by Hyewon Lee from the 9th Class of AMBA)
Jun 15, 2017
“GMBA, Intensive Career Development Program” – Interview with the 11th Class of GMBA Jonghwi Bae, Jonghwa Jung, and Leah Cembrano
Interview with GMBA students “GMBA is an intensive career development program” As Korea University Business School (KUBS) became a full academic member of CEMS, an alliance of prestigious business schools, the GMBA Program has been restructured. The name of the program changed from “Global MBA” to “GMBA,” and it is divided into three tracks: △CEMS MIM (Master’s in International Management) Dual Degree Track, △EBS/ESCP MIM Dual Degree Track, and △MBA Single Degree Track. Students who complete an enrolled track can obtain an MBA degree (GMBA). Also, depending on the track, they can earn a dual degree from △CEMS, △EBS in Germany, or △ESCP in France. We interviewed three students from the 11th Class of GMBA, Jonghwi Bae and Jonghwa Jung enrolling in the GMBA Single Track and Leah Michelle Cembrano in the CEMS MIM Double Degree Track and talked about the past six months.   (from left) The 11th Class of GMBA Jonghwi Bae, Leah Cembrano, and Jonghwa Jung Q. Why did you decide to apply for an MBA? Jonghwi: I worked in the Procurement/Planning at LG Display for a little less than four years. Before having a job, I already had plans to undertake an MBA. While working at the company, I realized I wanted to work on a more general level, planning new business projects, rather than being involved in business units. So, I left work to take an MBA program in Singapore, but after a semester, I decided that doing an MBA in Korea would be more beneficial to my career prospect in Korea. Hence, I applied for an MBA program in Korea.   Leah: I stayed in Korea for two years to learn its language and culture. As I got exposed to Korea culture like K-Pop through the media, I became interested and decided to come to Korea. The main reason I chose Korea University’s GMBA & CEMS MIM is that I can study in both Korea and Sydney and receive two degrees. Studying with diverse international students from Europe, the U.S., Australia, and Singapore was appealing as well. Lastly, the program allows me to complete the track in a short period of time – one year and a half – and develop a career. Q. Why did you choose Korea University's GMBA Program? Jonghwa: After deciding to pursue an MBA in Korea, I only considered the one in Korea University. Many of the senior managers at my workplace graduated from Korea University. KU’s unique, close culture of networking had been extremely helpful. Also, KU’s GMBA is considered the most reputable MBA program in the nation.   Jonghwi: To be honest, I got into an MBA at another university in Korea, but I chose Korea University. Despite the fact that I used to work at an accounting firm, the reason I applied for GMBA over FMBA is because it provides an environment for speaking English and studying overall business administration. Q. How were your GMBA classes for the first semester? Jonghwi: GMBA is a year-long program, so it’s a bit of burden to take many classes in such a short time. The good thing, though, is that I get to focus on my studies in a short period of time and thus learn more. Also, it is an advantage to improve your English skills because most of the classes are given in English.   Jonghwa: One of the strengths of GMBA is that I get to meet students with diverse backgrounds. I was able to learn many things in terms of knowledge and attitudes when doing a team project, presentation and discussion.   Leah: As Jonghwi said, I thought the classes were pretty though as the program was conducted intensively. However, the quality of the classes are much better than I expected. I was pleased to take classes with Korean students and international students with different backgrounds. Q. What is the most memorable class you have taken? Jonghwi: I would say “Financial Accounting” taught by Professor Yong Keun Yoo. The classroom atmosphere was comfortable, and Professor Yoo easily explained accounting to students who do not have an accounting background. He also selected important accounting knowledge required for business and taught us well.   Jonghwa: Most of the classes were great. Among them, “Operation Management” by Professor Hojung Shin “Financial Statement Analysis” by Professor Jinbae Kim are still fresh in my mind. While taking these classes, I believed these would be very useful to my career.   Leah: I liked Professor Jay Hyuk Rhee’s “Global Strategy” class. Professor Rhee knew a broad range of topics and delivered various cases in class, which was very informative. Q. What is the best thing about GMBA? Leah: There are many things to learn from my classmates who used to work at a Korean conglomerate such as Samsung, LG, and Hyundai. Since we took classes together all day long, we got close to each other and became comfortable. Also, KUBS provides very well-equipped facilities. Jonghwi: After entering KUBS, I was able to have a broader perspective by meeting various people. Some of them lived abroad for a long time, some had a diverse background, and some are foreigners. For example, I learned golf for the first time from one of my classmates who is a professional golf instructor. One of the advantages of this program is that we can learn a new thing from each other, which we’ve never experience before matriculation.   Jonghwa: I also liked the fact that I was able to meet many people. Besides that, I enjoyed Korea University’s unique culture called “Makgeoli Culture.” In the past, I used to not enjoy hanging out and drinking with other people because I tend to be an individualist. But after I entered GMBA, I got along with my classmates and made a long-lasting, strong bond through its unique culture. Q. What are the top priorities to consider when planning to enter an MBA? Jonghwa: Prior to entering an MBA program, you should think about whether you are ready to experience something new that you’ve not experienced before and whether this program is truly beneficial to you. Because GMBA is a one-year intensive program, it is obviously though, but at the same time, you will be able to complete the program in a short amount of time. Moreover, you can expand your knowledge more and have a close family-like relationship with your classmates.   Jonghwi: I think the first thing to consider is “the quality of a university” in the end. University’s reputation and network, which can be recognized after graduation, are the most important matters.
Jun 15, 2017
“KUBS Has World-class Research Environment…Domestic MS/PhD Students Have Their Own Competitiveness” – Interview with Hye-hyun Park (PhD in Finance, ’17), Yunxiao Liu (PhD in Finance, ’16), and Minsun Yeu (PhD in Marketing, ‘15)
Interview Alumni Appointed Faculty of Chinese Universities - Hye-hyun Park (PhD in Finance, ’17), Liu Yunxiao (PhD in Finance, ’16), and Minsun Yeu (PhD in Marketing, ‘15) “KUBS Has World-class Research Environment…Domestic MS/PhD Students Have Their Own Competitiveness” The alumni who earned a doctorate from Korea University Business School (KUBS) came into spotlight as they were appointed faculty of leading universities in China. The two PhD graduates of Finance, Dr. Hye-hyun Park (advisor=Professor Baeho Kim) and Dr. Liu Yunxia (advisor=Professor Joonhyuk Kim), have been appointed faculty of Southwestern University of Finance and Economics and Tianjin University, respectively. In Marketing, Dr. Minsun Yeu (advisor=Professor Doo Hee Lee) was appointed faculty of Harbin Institute of Technology and will teach starting March. <KU Business Journal> met the three alumni who are about to begin their new journey at Chinese universities to hear their appointment stories. Q. Why did you decide to go to graduate school? Hye-hyun: I was recommended by my professor. Another reason that I decided to go to graduate school is because I thought academia is the right path for me. Even though I majored in Finance, I have a weak background in mathematics, so I got lots of help from professors. Minsun: I just dreamed of going to graduate school in the past. Because I enjoyed studying regardless of my grades, I wanted to continue my study at graduate school. I remember the days I studied hard at school when my friends prepared to get a job and do an internship. Yunxiao: I came to Korea through a student exchange program during my undergraduate studies. While studying abroad, I received an advice from my professor and then enrolled in a Master’s program in Business Administration at another university. After graduation, I became interested in finance and decided to change my major and enter a doctoral program at Korea University.   Q. Are you not worried about living abroad? Minsun: It’s unfortunate that I’m unable to teach Korean students since I have been appointed at a foreign university. I’m still considering how to overcome cultural differences and build a rapport with students. Also, the language barrier is another concern of mine. As English is not a native language to both chinese students and me, it’s important to overcome this obstacle.  Hye-hyun: I’ve only visited China to travel. So, I’m worried that I am not fluent in Chinese and have a lack of understanding of its culture. I will have to do my best to learn more about Chinese culture and language. Yunxiao: In my case, I did my graduate studies in a foreign country. As a foreigner, I didn’t have much difficulties studying in Korea. I got a lot of help from excellent professors, and my life in Korea was very comfortable. Also, as I was financially supported, I was able to fully concentrate on my research.   Q. What has given you the positive influence on your appointment? Hye-hyun: During the job interview, the interviewers mentioned that many of my research papers were awarded. It seems they recognized my field of research the most. In particular, the paper that was in the semi-final of the American Financial Society (FMA) Best Award received a good evaluation. Minsun: In my case, my experience of teaching lectures in English helped me. Besides the SSCI-listed journals published during my doctoral program, I have other papers written in English. The interviewers gave feedback that they were intrigued by my English papers. In addition, since I majored in Chinese in my high school, I was already interested in China, and my willingness to learn the language has positively influenced their decision. Yunxiao: The paper that was submitted in the Management Science received a good evaluation. I knew that Tianjin University gives high marks for publishing papers in an academic journal. I was able to be appointed at the school because my working paper written during my doctoral studies got positive reviews. Also, I was informed that China puts emphasis on research potential. I made a lot of effort to prepare for the presentation on my papers before the interview, and this was critical for my employment results as well.   Q. Many students think that doctoral studies should be done in a foreign country. What are the benefits of studying MS and PhD programs in Korea? Hye-hyun: I am sure your English will be improved a lot if you study at an overseas university. However, I believe the benefits of domestic MS and PhD programs are clear. For instance, when you write a paper, you can get more in-depth feedback through active communication with your professors. Also, having many professors with outstanding research capacities, KUBS is comparable with other prestigious universities around the world. Minsun: I agree. The KUBS faculty has exceptional research capacities. In terms of worldwide rankings, their research performance and student quality are above standards, so I was able to study well without any difficulty. Also, as my advisor studied abroad, I had the opportunity to work with international scholars through his network. In this regard, there is not much difference whether you study abroad or not. In fact, I think it is better to study in Korea where you can build a Korean network. Yunxiao: I believe the environment is the most important matter when conducting a research. KUBS not only supports financially but also academically. Under the faculty with excellent research capacities and the caring atmosphere for students, I was able to learn more about research. Q. Any words of advice for students dreaming of going to graduate school? Hye-hyun: Ask yourself whether academia is the right path for you. Since you have to study alone for a long time, it is important to have a hardworking attitude without giving up. Research and studying are a long journey, so those who can enjoy the process can make it to the end. Minsun: Although doing well in school is important, I want you to think whether you enjoy studying. If you do, then I encourage you to go to graduate school. In my case, I enjoyed the process of collecting survey data, analyzing, and writing a paper about it. In addition, if you are thinking about becoming a professor, consider what teaching really is and see if sharing knowledge with students and learning together are not stressful to you. Yunxiao: You need time to seriously think about yourself. If you know what you’d like to study and major in, you are ready to apply for graduate school. Since the decision you make will lead you to a golden time of life, you will have to figure out whether you enjoy doing a research. Most of your routine will be repetitive such as reading papers, coming up with ideas, and using codes. If you say a “yes” to the life of a graduate student, then I believe the best environment to start your study is at KUBS. After you are admitted to the school, I recommend you read various papers that are related to the field of your study and understand your research status. Then, when you are ready to decide your research area, you should be able to conduct your own research.
May 16, 2017
“GMBA & MIM Is a Diversified Program That Meets Various Demands” – Interview with GMBA Program Director Yong Keun Yoo
Interview with GMBA Program Director Yong Keun Yoo “GMBA & MIM Is a Diversified Program That Meets Various Demands”   The Round 3 application deadline for Korea University Business School’s GMBA & MIM Program (Dean=Professor Soo Young Kwon) is just one day away. Today, we brought an interview with GMBA & MIM Program Director Yong Keun Yoo to help those who still have questions about the program!   Since the program was reorganized from Global MBA into GMBA & MIM, Professor Yoo has been Program Director for one year. “The GMBA & MIM is a diversified program that can meet various student demands such as short-term career development and a dual degree,” said Professor Yoo who has a profound understanding and experience of the program. Find out more information about GMBA & MIM through this interview.     Korea University Business School’s Global MBA was reorganized as “GMBA & MIM.” What is the reason for this? The GMBA is about to mark its 11th anniversary. Over the past decade, student needs have definitely changed. There are a variety of demands depending on students’ circumstances. For instance, some students are getting an MBA sponsored by their company, some are enrolling for their short-term career development, and some are aim for a dual degree. On that account, we believed that the one-year Global MBA program has to be changed, and it was reorganized into “GMBA & MIM” last year. Tell us about the newly reorganized “GMBA & MIM.” The “GMBA & MIM” is divided into three tracks as follows: ➊ GMBA Single Degree Track, ➋ GMBA + CEMS MIM Dual Degree Track, and ➌ GMBA + Exchange Program Track. The GMBA Single Degree Track is the same as the Global MBA. When applying for an MBA program, many applicants consider an overseas university as well. However, in order to earn an MBA abroad, there will be various opportunity costs. The GMBA Single Degree Track is designed for those who wish to enhance their career by studying in a globalized MBA program in Korea. This track, also known as Fast Track, was established to meet demands of students who want to concentrate on their studies for a year and quickly bring back to their companies.   Next, I will introduce the GMBA + CEMS MIM Dual Degree Track. Korea University has been selected as the representative business school in Korea, as our school became a full academic member of the CEM Global Alliance, an alliance of prestigious business schools, in 2015. The GMBA + CEMS MIM Dual Degree Track was launched by joining the CEMS. In this track, students will study at Korea University for a semester and then at one of the 29 partner universities abroad for another semester. Although each partner university has a different exchange program policy, students can generally earn a GMBA degree and a CEMS MIM degree, whose program was ranked fourth in the 2015 FT Rankings, within 1 or 1.5 years.   Last but not least, if you choose the GMBA + Exchange Program Track, you can go abroad for six months after completing one year of the KUBS GMBA Single Degree Track. This track will be suitable for those who not only learn business but want to increase understanding of global market environment and culture and gain hands-on experience.   What are the proportions of students enrolled in the three tracks? Generally, 50% of students enter the GMBA Single Degree Track, 30% for the GMBA + CEMS MIM Dual Degree Track, and 20% for the GMBA + Exchange Program Track. In case of the GMBA + CEMS MIM Dual Degree Track and the GMBA + Exchange Program Track, students will have to study in Korea and a foreign country. How much is the tuition fee? For the GMBA + CEMS MIM Dual Degree Track, students are required to pay tuition at Korea University only, which is the same as the GMBA Single Degree Track, and they are responsible for their living expenses for studying abroad. One of the advantages is that students can earn two degrees by only paying for the KUBS GMBA tuition fee. For the GMBA + Exchange Program, students will study at an overseas university for an additional semester through “Completed Research Student System” after completing the one year curriculum at KUBS. It means that students can study abroad at a partner university, with the additional fee of 500,000 won. Fixed fees may be charged as some partner universities request a course fee or membership fee   Which schools are the academic members of the CEMS Global Alliance? Only the most reputable business school in each county can join the CEMS Global Alliance. As of now, the 30 prestigious universities around the world, including ▲Korea University Business School in Korea, ▲The London School of Economics and Political Science in the United Kingdom, ▲HEC Paris in France, ▲Ivey Business School in Canada, ▲Keio University in Japan, ▲Tsinghua University School of Economics and Management in China, and ▲National University of Singapore in Singapore, are full academic members. These CEMS member schools are carrying out active exchanges in many aspects. They bring synergy to all involved by benchmarking excellent curriculums and sharing their know-hows. ▶ CEMS School List   A MIM degree is quite unfamiliar in Korea. Tell us more about the CEM MIM of the GMBA + CEMS MIM Dual Degree Track. I am sure many of you are unfamiliar with a MIM (Master of International Management) degree. The MIM is simply a “European MBA.” Unlike a regular MBA program, the MIM prefers people with a short career span. So, students are mandatory to do an internship aboard to obtain a MIM degree.       Because of this, a business school must invite a Corporate Partner in order to become a member of CEMS. The CEMS corporate partners are Google, BCG, McKinsey, Facebook, P&G, etc. KUBS has brought in Hyundai Motor Company as its corporate partner. These corporate partners offer an internship opportunity to CEMS student only, and CEMS also actively supports internship and employment opportunities. I strongly believe that students can land a job at a global company through an internship program provided by CEMS.    You said doing an internship is a must in the CEMS MIM. Do students with work experience have to do an internship? No, they don’t have to. Students who already have work experience are exempt from doing an internship. In fact, when seeking for a job after graduation, they can access to a corporate pool provided by the CEMS Global Alliance.   If a student enrolls in the CEMS MIM, how will he or she be assigned a CEMS member school for the exchange program? Also, how many exchange students from CEM member schools are coming to KUBS? Though each member school individually send and accept students, they have mutually agreed to accept students selected by the CEMS member schools; thus, there is no additional application or admission process to study abroad. According to the students who chose the CEMS MIM track last year, they not only go abroad in Asia — such as Hong Kong and Australia — but study in Canada, the United Kingdom, France, Switzerland, Spain, etc. Overall, there are many CEMS member schools in Europe, so this track is recommended to people who want to build a business network in Europe.     KUBS will accept students from other CEMS member schools starting next semester, and we expect to have more than 25 incoming students per year. As students will be selected by the best business school in each country, we look forward to having more talented and outstanding international students. I heard that the CEMS MIM Graduation Ceremony is very special. The CEMS MIM Graduation Ceremony truly proves that it is a strong global network. Even though students studied across the world, the CEMS MIM Graduation Ceremony allows students to gather in one place and affirms they are officially CEMS alumni.     In late 2016, I attended the graduation ceremony held in Stockholm, Sweden. Over 2,000 people, including the students of the 30 CEMS member schools and their family who came to celebrate joined the ceremony. This is indeed a large scale since 2,000 people across the 30 countries gathered in one place. The CEMS Graduation Ceremony 2017 will be held in Sydney, Australia. In 2020, KUBS will host a graduation ceremony in Seoul.     How do CEMS MIM students and alumni build a network?  People might assume that the CEMS alumni network would be weak because students are spread out in the 30 different countries. In fact, that is not true. The CEMS network is actively engaged. For instance, CEMS students of each member school meet up twice a year for three to four days and share their issues. Moreover, each school has clubs by area and industry, and club officers regularly have a meeting. There is a platform where students can network and share information on studies and career after graduation through CEMS Alumni Association, established in 1993.           I heard there is a track where students can earn an EBS MIM degree in Germany or an ESCP MIM degree in France along with a GMBA degree. Yes, you are correct. Besides the three tracks we’ve talked about, we also run another dual degree program in partnership with EBS in Germany and ESCP in France. EBS is dominant in automobile business sector while ESCP is well-known for having luxury marketing. The program is a two-year curriculum — one year at KUBS and another year at EBS or ESCP. People who have decided to pursue their career path in automobile industry or marketing tend to apply for this program.   It’s been one year that you have been GMBA Program Director. Is there any memorable episode with students?  There is a program called “IRP (International Residence Program) where students pursuing the GMBA Single Degree Track take classes abroad for two weeks. In February, we went to ESADE in Barcelona, Spain. Although I am not interested in soccer, I became a huge fan of FC Barcelona after watching their soccer match and cheering with the students. One of the great things about being a program director is that I get to experience many things with my students.   What is the most important qualifications when selecting students? One must set a clear goal in his or her career. Also, since all classes will be conducted in English, applicants are required have basic English skills. The most important thing in an interview is having confidence in your goal and expressing your motivation of why you want to enroll in an MBA program.   Before wrapping up the interview, please give any advice to prospective “GMBA & CEMS MIM” applicants. I believe businesses will eventually connected to one another. Due to the U.S. oriented market, Koreans were only interested in an MBA program offered in the U.S. However, markets in Europe, Asia, and South America have been gradually expanding nowadays. Students can study abroad at one of the 29 CEMS member schools located in Europe, Asia, and South America though the GMBA + CEMS MIM Dual Degree Track. As the program offers students a strong network and various culture and business experience, this will be the best choice for those who would like to do “real global business.” The GMBA Single Degree Track is suitable to people who already have work experience and plan to return to their job after updating business knowledge within a short period of time. The GMBA + Exchange Program is good for those who wish to experience local culture and market through an exchange program after completing one year curriculum at KUBS. As you can see, the GMBA & CEMS MIM has a variety of options to satisfy many student demands. I hope you get to meet many people and build a precise and wide career path in the GMBA & CEMS MIM.
Apr 27, 2017