2019 KUBS Part-time MBA Admissions Open
2019 KUBS Part-time MBA Admissions Open Korea University Graduate School of Business (Dean Soo Young Kwon) is now accepting applications for 2019 part-time MBA. Admission is open for 3 part-time programs: △Korea MBA △Finance MBA △Executive MBA. An online application is available from September 27 (Thu), and closes on 5pm, October 26 (Fri). KUBS holds an information session for applicants on September 18 (Tue). Held from 7:30 pm, the information session will go through an overview of the Graduate School of Business and its programs. Participants will also be able to ask questions in the Q&A session. The information session will end with a campus tour. ▶ Click here to apply for the information session! KUBS’s widely renowned program, Korea MBA, is a part-time two-year program. The classes are held after working hours. The maximum number of students is 190 each year, who are admitted after a thorough screening process. Korea MBA at KUBS provides an intensive curriculum on eight academic areas: Human Resources/Organizational Behavior, International Business, Accounting, Marketing, LSOM, MIS, International Business, and Strategy. Korea MBA also offers a range of unique student networking events. (Inquiries: 02-3290-1360/5365) KUBS’s executive MBA is designed for executive managers with a minimum of 10 years’ experience. Executive MBA is a two-year weekend program taught on Fridays and Saturdays. The program provides exclusive educational environment including lecture rooms and a student lounge that are exclusively accessible for executive MBA students. Two program director professors and a program manager will support students on the overall enrollment and registration procedure. KUBS’s executive MBA is one of the best executive MBA programs in the world. In fact, the program ranked 20th globally in “The 2017 Executive MBA Ranking” released by Financial Times. The maximum number of students is 55. (Inquiries: 02-3290-2705) Finance MBA is a two-year part-time program which provides knowledge and skills specialized in finance. The curriculum can be divided as two parts, of which theoretical courses are taught by program directors, and practical courses are distinctively organized by experts in the field of asset management, financial engineering, and insurance. In addition, students will be able to learn most updated knowledge and skills by its information technology sessions on Python & R programming, and big data & machine learning. The maximum number of students is 35. (Inquiries: 02-3290-1308) The final admission outcome of Korea MBA and Finance MBA will be released on 7th of December (Fri) at 3 pm. The admission result of executive MBA will be out on November 16th (Fri) at 11 am.
KUBS Scholarship Donation by Oh-Gil Choi (Business ’61), Chairman of INFAC Corp.
KUBS Scholarship Donation by Oh-Gil Choi (Business ’61), Chairman of INFAC Corp. KUBS has been received a three-thousand-won donation by Chairman of INFAC Corp., Oh-Gil Choi. The contribution will be used to finance ‘KUBS Dream Scholarship’ that will assist the beneficiaries’ living expenses during their study. KUBS Dream Scholarship aims to support students whose tuition fee is covered by the Korean Government Scholarship and yet have difficulties continuing their study due to financial concerns such as living expenses. This monthly scholarship was first implemented in 2015, and it is made up of contributions by KUBS alumni. The cumulative amount of the scholarship so far is 2.4 billion won, with its cumulative beneficiaries of 161. Mr. Choi commented, “I hope the scholarship will resolve financial concerns that my brilliant junior students may have. I wish students could focus on their studies as much as possible.” In fact, it is not the first time Mr. Choi made contributions to Korea University. The total amount of his donation to KUBS adds up to 1.5 hundred million won. Furthermore, he donated 40 million won to Korea University. Not surprisingly, Mr. Choi also organized a variety of social contribution activities such as volunteer at social welfare organizations and free distribution of briquettes. INFAC is an automotive part manufacturing company that is renowned for its GPS antenna. In addition to its largest market share of GPS antenna in the world, it is a trusted company with outstanding technology and quality management.
KUBS Alumni, the Largest Ratio Among Korea’s Top 100 Company CEOs
KUBS Alumni, the Largest Ratio Among Korea’s Top 100 Company CEOs Korea University Business School (Dean Soo Young Kwon) is proud to announce that KUBS turned out to has the largest ratio of alumni among current CEOs at 100 most influential companies in Korea, compared to other faculties at Korean universities. The statistics is a part of the CEO evaluation section from ‘2018 Analysis and Evaluation of Korea’s Top 100 CEO & Business’ released by the Korea Economic Daily Business. In particular, KUBS achieved the top rank as a single faculty for two years in a row, affirming its position as the best business school in Korea. According to the statistics, there are a total of 27 out of 100 CEOs who were majoring in business administration during their bachelor’s degree studies. Among the 27, seven are KUBS alumni and it is the largest proportion as a single faculty at Korean universities. The number of business bachelor’s graduates from Seoul National University came after KUBS with four alumni out of 100. Sungkyunkwan University and Yonsei University had the next best rankings with three and two alumni each. The list of seven KUBS alumni who are current CEOs at 100 best companies in Korea are △Cheol Young Lee; Vice Chairman & CEO of Hyundai Marine & Fire Insurance (Business ’71) △In-Young Lee; President and CEO of Hanon Systems (Business ‘76) △Dae Cheol KIM; CEO of Hyundai Development Company (Business ‘77) △Young Ho Lee; President & CEO of Samsung C&T Corporation, Engineering & Construction Group (Business ‘78) △Sang Shin Pak; CEO of Daelim Industrial Co., Ltd (Business ‘81) △Jung Ho Park; President & CEO of SK Telecom (Business ‘82) △Shin-Ho Kang; Co-Representative Director of CJ Cheiljedang Corporation (Business ‘81). Followed by the largest number of CEOs at the top 100 companies being business graduates, the next most frequent undergraduate majors the CEOs studied were △Chemical Engineering (6) △Law (5) △English Literature (5) △Electronic Engineering (5) △Economics (4) △public administration (4). Dean Soo Young Kwon commented, “I am very proud of the result. The ranking demonstrates KUBS’s position as the best business school in Korea. I assure you that KUBS will maintain our position by educating our students to be the future business leaders.” (Picture by the Korea Economic Daily Business) See more articles (Korean) 한경비즈니스 제1177호 <2018 대한민국 100대 CEO&기업>
‘The 7th KUBS Teen Mentoring Day’ for Future KUBS Students
‘The 7th KUBS Teen Mentoring Day’ for Future KUBS Students Special Sessions including Business Administration Lecture, Workshop and Mentoring Participants of 80 High School Students in Korea On July 28th, KUBS opened ‘The 7th KUBS Teen Mentoring Day’ for future KUBS students. Organized and hosted by KUBS Student Ambassador ‘KUBE’, the Teen Mentoring Day event invites second year high school students in Korea. After a competitive document screening process, a total of 83 students were shortlisted as the participants. KUBS Associate Dean Jaehwan Kim welcomed the participants by saying, “Welcome, everyone. It is nice to see your enthusiastic and confident looks. I hope to see you again after a couple of years on campus.” The Teen Mentoring Day event is designed for high school students who are interested in business administration. The event provides a special lecture and workshop on business administration for the participants’ deeper understanding in the area of study. Professor Joon Ho Hwang held a special lecture ‘A Brief Overview of Business Administration’ where he focused on the specialized areas in business administration. Professor Hwang gave an insightful advice for the audience’s career planning as well. After the special lecture, the event proceeded with △KUBS campus life and an overview of seven majors in business administration △Campus tour △Business administration workshop △Mentoring session with KUBS students. One of the participants, Dam-Hyun Roh (Beomeo High School, 2nd year) commented, “I was really hoping to be a part of the mentoring day event. I am glad that I came to KUBS today. I had such a great time asking questions I had about my future study.” KUBS will hold the Teen Mentoring Day event each summer and winter vacation for high school students who would like to study business administration. Won-Bin Kim (Business ‘14), one of the KUBE student who organized the event, said “The high school students looked quite happy, learning more about business administration. It was nice to see them enjoying the mentoring session. I look forward to the next events.” ‘The 8th KUBS Teen Mentoring Day’ will be held during the winter vacation. Participation is completely free for all participants.
Business Administration and Management at Korea University Ranked as the Top by China’s Academic Ranking of World Universities among Universities in Korea
Business Administration and Management at Korea University Ranked as the Top by China’s Academic Ranking of World Universities among Universities in Korea KUBS is proud to announce that Korea University is ranked as the top among universities in Korea by Shanghai Ranking Consultancy’s Academic Ranking of World Universities (ARWU) in the subject of business administration. Business administration at Korea University is ranked in the top 101st-150th in the world. Among universities in South Korea, KAIST came in second after Korea University, placing on the top 151st-200th worldwide. Seoul National University, Sogang University, Sungkyunkwan University and Yonsei University achieved the top 201st-300th global rank. In the subject of business administration, the top place went to the University of Pennsylvania, followed by Harvard University, Northwestern University, Pennsylvania State University-University Park in the U.S., and Erasmus University Rotterdam, in the Netherlands. Full ranking by subject - Business Administration Shanghai Ranking Consultancy has been annually releasing the ARWU of 500 best universities out of 1,200 universities in the world. The ARWU is known for its most objective methodology, applying quantitative indicators 100% to assess the institution’s research performance. Shanghai Ranking Consultancy has been releasing the university ranking since 2003, which was at first to compare the academic performance among universities in China. The ranking then grew to a world university ranking with the evaluation of 1,200 institutions. The ARWU by subjects is determined by △the number of papers (‘article’ type) authored by an institution during 2012-2016 (150) △the number of papers published in Top Journals during the five years (100) △academic performance of the relevant department in comparison to institutions in the world (50) △the level of collaborative work with institutions in other countries (10) △the number of a significant award in the subject area. In the Shanghai Ranking’s Global Ranking of Academic Subjects 2018, Korea University has ranked first also in Management among universities in Korea and placed on the 101st-150th globally. Seoul National University and Yonsei University came in second and are ranked in the top 151st-200th worldwide. KAIST and Sungkyunkwan University achieved the top 201st-300th rank, followed by Hanyang University’s 301st-400th rank among universities in the world for management. Full ranking by subject - Management In terms of the university’s overall performance, Korea University placed on the top 201st-300th in the 2017’s ARWU. The ranking demonstrates the University’s improved performance each year.
‘2018 E-MBA Junior SMART Camp’ for E-MBA Students and Alumni’s Children
‘2018 E-MBA Junior SMART Camp’ for E-MBA Students and Alumni’s Children Participants of 30 E-MBA Students and Alumni’s Teenaged Children … △Business Administration Special Lectures △Campus Tour Korea University Graduate School of Business (Dean Soo Young Kwon)’s Executive MBA (E-MBA) held ‘E-MBA Junior SMART Camp’ on July 21st, Saturday, at LG-POSCO Building Room 531. The Camp is designed for middle school and high school students who are interested in business administration, inviting 30 teenaged children of E-MBA students and alumni. The event started with △an introduction of KUBS and seven majors in business administration △campus tour with mission game △group exercise - planning my campus life △special lecture by professor Weon Sang Yoo △special lecture by professor Jae Uk Chun. Program director professor Weon Sang Yoo and professor Jae Uk Chun first gave welcoming remarks to the audience, where professor Yoo said, “Thank you for your participation in such a hot weather. I hope you find this event meaningful, on the campus your parents spent time studying.” KUBS student ambassador KUBE then introduced the Business School and seven majors in business administration. KUBE and the participants then took a campus tour. The participants also had a mission game in which they were asked to take ‘a picture of passion’ in front of KUBS Main Building. The participants then had a group exercise ‘planning my campus life’ where they matched key campus events such as Ko-Yon Jeon and Seok-Top Festival in chronological order. They also had a group mentoring activities to ask questions on campus life and share their thoughts and concerns on their career planning. The first special lecture ‘Business Management and Marketing’ was held by Professor Weon Sang Yoo. Professor Yoo went through a brief overview of business operations, business administration and marketing. He had a Q&A session to consult participants about their career planning. Professor Jae Uk Chun then had a second special lecture ‘Business Management and People’ where he focused on the internal and external operation of the business. Professor Chun △ask yourself about the rationale for your long-term goal △set short-term goals accordingly △be a doer and boost your ego to achieve your goal. The Camp ended with a small completion ceremony for participating the 2018 E-MBA Junior SMART Camp. The participants then took a group photo. One of the KUBE student ambassador, Ho-Joong Lee (Business ’15) commented, “I would like to thank my mentee, s(he) is a middle school student and it was impressive how my mentee showed the great interest in campus life already.” “I hope the participants would be able to have a concrete idea on campus life as well as on their career planning.” See more pictures of E-MBA Junior SMART Camp
KUBS Meeting with Renmin Business School, Renmin University of China for Collaborative Work on Case Studies
KUBS Meeting with Renmin Business School, Renmin University of China for Collaborative Work on Case Studies On July 17th, Korea University Business School (Dean Soo Young Kwon) had a meeting with Renmin Business School at Renmin University of China to discuss cooperative work on case studies. The meeting was held at Renmin University of China, where a total of nine professors at KUBS and four professors at Renmin University of China attended. The participants were Dean Soo Young Kwon, Director of IBRE Chan Su Park, Professor Doo-Hee Lee (former dean at KUBS) from KUBS, and Associate Dean Kangtao Ye, Associate Dean Hua Song, former Dean Zhihong Yi, Director of Research Center for Management Cases and Teaching Innovations Jingyue Xu. In the meeting, KUBS and Renmin Business School discussed the shared access to Chinese companies’ case studies, publication of Korean businesses’ case studies translated in Chinese, and collaborative work on new case studies. Renmin University of China puts emphasis on developing new case studies of diverse areas of study. Renmin University of China runs Chinese Center for Social Science Cases (CCSSC), and each department at the university operates own case center. The number of case studies owned by Renmin Business School is over 300, inclusive of publications in Chinese and English. Back in the early 2000s, KUBS’s Institute of Business Research and Education (IBRE) raised fund for research and academic cooperation with Renmin University of China. The meeting held in 17th will also be a big step for further academic exchanges between the two universities. Prior to the meeting, the KUBS professors visited Didi Chuxing, China’s top ride-sharing company, to hear a brief business presentation and have a consultation with Vice President of Department of Finance, Law and Sales Fu Maggie. The consultation was mainly on Didi Chuxing’s business strategy of entering the overseas market, and strategy for new technologies such as smart traffic light.
Astronergy Solar Korea Co., Ltd. CEO Chang Jyh Ping (Business ‘79), Donation of 500 Million Won to KUBS
Astronergy Solar Korea Co., Ltd. CEO Chang Jyh Ping (Business ‘79), Donation of 500 Million Won to KUBS Chang Jyh Ping, CEO of Astronergy Solar Korea Co., Ltd. , donated 500 million won to finance scholarship at KUBS. Mr. Chang is a KUBS alumnus from entering class of 79 and the donation ceremony was held at KU Main Hall on July 10. (From the left) KUBS Dean Soo Young Kwon, Chang Jyh Ping (Business’79), KU President Jaeho Yeom, Vice President for Development and External Affairs (Professor Byung Hyun Yoo) (Picture by Communication Team) At the donation ceremony, Mr. Chang Jyh Ping commented, “I am committed to corporate social responsibility. And I thought the donation to KUBS would be meaningful to support my junior students at KUBS.” KU President Jaeho Yeom replied “Thank you for your thoughtful contribution for KUBS students,” “I will make sure the contribution will be used to support future leaders at KUBS.” Mr. Chang started his career at Sammi Development Project Division in 1983, then he served as a president of Kolon Global Corp.’s Hong Kong affiliated company. In 2009, he established Astronergy Solar Korea Co., Ltd. and was appointed as CEO. Since 2015 he was also appointed as an adjunct professor and a member of the advisory committee at the Business School. Mr. Chang is the president of the 84th KUBS AMP Alumni Association. CEO Chang Jyh Ping cares about corporate social responsibility and continues his thoughtful contributions inside and outside of Korea. Examples include the donation to musical theatre ‘Town Musicians of Bremen’ for children from low-income households, and donation to ‘Hongcheon Hae Mil School’, a multicultural alternative school, for the installation of photovoltaic power generation facilities. Moreover, Mr. Chang organized an energy welfare project, ‘Sunlight, Happiness, and Sharing’ with Gangwon-do Province’s Korea Energy Agency. He made a donation for Fiji Natural Disaster Rehabilitation and another donation of ten thousand briquettes to the underprivileged. See more articles (Korean) ※ 제목을 클릭하면 기사 원문을 확인하실 수 있습니다. [연합뉴스] 장치평(경영79) 아스트로너지쏠라코리아 대표, 고려대에 5억원 기부 [연합포토뉴스] 장치평 아스트로너지쏠라코리아 대표, 고려대에 5억원 쾌척 [세계일보] 태양처럼 뜨거운 고대사랑…장학금 5억 기부 [한겨레] 11일 동정 [매일일보] 장치평 아스트로너지쏠라코리아 대표이사, 고려대 경영대학 장학금 5억원 기부 [베리타스알파] 장치평 아스트로너지쏠라코리아 대표이사, 고려대 장학금 기부 [대학저널] 고려대, 장치평 아스트로너지쏠라코리아 대표로부터 5억 원 기부받아 [천지일보] 장치평 아스트로너지쏠라코리아 대표이사, 고려대에 장학금 5억 기부
Korea University Graduate School of Business Hosted ‘2018 Global Immersion Program for Fudan University’
Korea University Graduate School of Business Hosted ‘2018 Global Immersion Program for Fudan University’ Held for Five Days from July 23 (Mon), With Participants of 26 MBA Students at Fudan University Korea University Graduate Business School of Business (Dean=Soo Young Kwon) announced that the Graduate School will be hosting ‘2018 Global Immersion Program for Fudan University’ for MBA students at Fudan University, Shanghai, China. The program will be held for five days from 23rd to 27th of July (Mon-Fri). The program is held for the third time since 2015, and the participants will be able to attend lectures at Korea University and participate in company visits in South Korea. This year, participants will be able to attend special lectures at the Graduate School of Business by △Professor Mannsoo Shin △Professor Janghyuk Lee △Professor Jungbien Moon. In addition, participants will also be able to visit △Amore Pacific Story Garden △Samsung d’light △Hyundai Motor Studio Goyang △SM Town Museum. The program also offers a campus tour to the participants from Fudan University as well. Dean Soo Young Kwon added, “the idea of this program is to allow the participants to as much experience on campus in a given period of time. I hope the program will be a great step to continue academic exchanges with Fudan University”.
Fall 2017 Seok-top Teaching Awards Winners – 9 Professors from KUBS
Fall 2017 Seok-top Teaching Awards Winners – 9 Professors from KUBS (From the top left: Professor Byung Cho Kim, Professor Sang Yong Kim, Professor Kim, Woochan, Professor Jungbien Moon, Professor SOHN, BUMJEAN, Professor Weon Sang Yoo, Professor Chris Changwha Chung, Professor Wooseok Choi, Professor Joon Ho Hwang) The Business School is proud to inform you that nine Korea University Business School (KUBS) faculty members have been selected as the winners of the Fall 2017 Seok-top Teaching Award. The winners are △Professor Byung Cho Kim △Professor Sang Yong Kim △Professor Kim, Woochan △Professor Jungbien Moon △Professor SOHN, BUMJEAN and △Professor Weon Sang Yoo △Professor Chris Changwha Chung △Professor Wooseok Choi △Professor Joon Ho Hwang (in the order of the Korean alphabet). Their winning courses are △Introduction to Operations Management (English) by Professor Byung Cho Kim △Marketing Management by Professor Sang Yong Kim △Corporate Governance (Eng.) by Professor Kim, Woochan △Social Entrepreneurship by Professor Jungbien Moon △Investments (Eng.) by Professor SOHN, BUMJEAN and △ Marketing Management (Eng.) by Professor Weon Sang Yoo △International Business (Eng.) by Professor Chris Changwha Chung △Intermediate AccountingⅠ by Professor Wooseok Choi △Corporate Finance (Eng.) & Financial Management (Eng.) by Professor Joon Ho Hwang. The Seok-top Teaching Awards commenced from Spring 2004 as part of the ‘Teaching Performance Incentive System’. The idea is to improve the quality of teaching for our students and to provide a better educational environment. The winners are selected based on overall scores evaluated by students via a course evaluation survey held at the end of each semester. The awards go to full-time professors whose courses are listed on the top 5% of each category (Major courses: top 5% result among each school’s total major courses; Elective courses: top 5% result among the University’s total elective courses; Courses in English: top 5% result among the relevant division’s total courses). In addition, 19 courses at the Business School taught by 17 full-time professors were also awarded the Teaching Excellence Awards. The criteria of the Teaching Excellence Awards include the recognition as the highest 20% of each division each semester.
Insung Research Award Implemented by Yoo Hui Sung Donation
Insung Research Award Implemented by Yoo Hui Sung Donation Korea University Business School is proud to announce that ‘Insung Research Award’ has been implemented. The source of research fund has been donated by KUBS alumni Mr. Yoo Hui Sung (Commerce ‘58), and the fund will be awarded to KUBS professors with outstanding research performance. The awardees will be four full-time academic staffs at the Business School, with a prize of up to 30 million research fund. To be selected as an Insung Research Award winner, △the academic staff must demonstrate an outstanding level of research which must be agreed in the academic circle of Business Administration △a research that potentially raises discussions for further researches △a research that can potentially be published in internationally renowned journals. Insung Research Award will be financed by 200 million won of Insung Research Fund, which is part of the amount Mr. Yoo Hui Sung contributed to the School after the disposal of property worth 2.2 billion won. In fact, this is the third time Mr. Yoo made the contribution to Korea University. His first donation of one billion won was made in April 2011, which was used to finance the construction of Hyundai Motor Hall. In response to his donation, KUBS named one of the lecture rooms, Room B205, as ‘Yoo Hui Sung Lecture Room’ to appreciate his contribution. The second donation he made was in July 2015, a contribution of 1.2billion won to Korea University. It was the start of Insung Fund, which provided students with financial support. Insung Fund is used to minimizing students’ financial burden. In fact, not exclusive to the tuition fee, the scholarship was granted to students’ monthly living expenses as well as airfare for exchange students. Yoo Hui Sung used an analogy between money to sea. “You know how they say you will not be able to relief thirst even if you drink all of the seawater, I think that applies to the use of money. In terms of money, you will never be satisfied – as you get richer, the ‘thirst’ gets stronger. So I figured, I need to make contributions when I can, so I will not regret when I look back.”
Franklin Templeton Investments CEO Yong-Bae Jeon, ‘CEO Talk’ for Full-Time MBA Students
‘CEO Talk’ for Full-Time MBA Students - Franklin Templeton Investments CEO Yong-Bae Jeon “Ensure to Be Familiar with Emerging Trend in the World Finance” On June 14th, KUBS opened a ‘CEO Talk’ lecture for our full-time enrolled MBA students at Hyundai Motor Hall, Room 403. The guest speaker was Mr. Yong-Bae Jeon, CEO at Franklin Templeton Investments. In his lecture ‘Global Trend and Leadership’, Mr. Jeon particularly focused on △Global Trend: World’s Leaders △Global Trend: Technological Revolution and FinTech △Leadership: Authority on the Investment. Mr. Yong-Bae Jeon first pointed out that in understanding the rapidly changing trend in the world, it is important to pay attention to the world’s key leaders. “In particular, keep up with the updates on the political and diplomatic initiatives of the major trade countries: the U.S., China, Russia, and Japan.” He continued, “the aggregate market value tells you a business’s profit as well as its profit. The aggregate market value is a very important index that indicates the world trend.” Mr. Jeon explained his point by presenting aggregate market values of Apple, Amazon, Alibaba, Ten Cents. Mr. Yong-Bae Jeon highlighted the disruptive technology as an example of the importance of aggregate market value. Disruptive technology refers to a new technology that potentially opens up a new era in the industry and takes a large part of the market. He explained, “A good example can be Uber; up until the 2000s, no one came up to the business idea of the riding sharing service. Who knows what kind of technological developments we will encounter in the 2020s.” He suggested Cloud Computing, IoT, and E-Commerce as the three main technological developments. In particular, Mr. Jeon said “The one-day sales of Alibaba on the Chinese Black Friday was 28 trillion won. It indicates the potential of the e-commerce market, and I think Amazon and Alibaba will lead the market growth.” On the other hand, Mr. Jeon emphasized the importance of FinTech. He explained that largest part of unicorn startup companies is FinTech companies. He suggested an example of blockchain as the innovative application of FinTech. “Blockchain is highly disruptive and innovative technology. I highly recommend you to be familiar with it, because it will be one of the economy’s leading force in the future,” he added. Mr. Yong-Bae Jeon concluded his CEO Talk by suggesting an ideal attitude on investment by referring to Warren Buffet and Rupert Johnson, the founder of Franklin Templeton Investments. Mr. Jeon first explained the two rules of thumb on investment by Warren Buffet. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” “Always be careful not to lose money; no matter how much it is and how long you had been working for that money, it won’t take five minutes to lose all of it,” he added. The last point he stressed was the investment rule by Rupert Johnson, “Buy when the pessimism in the market reaches the highest; Sell when the market is irrationally optimistic.”
[The 60th Year Celebration for IBRE] Special Academic Events Held for Korea University IBRE’s 60th Year Celebration
Special Academic Events Held for Korea University IBRE’s 60th Year Celebration As a part of its 60th-year anniversary celebration, Korea University Business School’s Institute for Business Research and Education (IBRE) held a total of seven academic conferences throughout May and June. The conferences were hosted by each research center at IBRE, △Asia Business Research Center △Finance Research Center △Marketing Research Center △LSOM Research Center △Visionary Companies Research Center (High-performance Companies Research Center) △Digital Innovation Center △Accounting & Taxation Research Center. The first conference was the ‘International Business Homecoming Conference’ by Asia Business Research Center held on May 11th. Asia Business Research Center is a research group for international business researches, mainly by international business professors at KUBS. The main areas of research are microeconomic researches including the level of each year’s business performance as well as macro level researches including market structure, industry, trade and investment environment. The second conference held on the 18th was the ‘Finance Homecoming Conference’ by Finance Research Center. The main focus of the Finance Research Center is to investigate most appropriate research environment in accordance with the deepen and diversified capital and finance market in Korea. The center hosts regular research presentations inviting researchers in Korea and overseas, and it also provides assistance on postgraduate candidates’ thesis. Overall the center facilitates active academic exchanges and supports future researchers. Later on May 25th IBRE held ‘International Symposium of Marketing: Quantitative Marketing-Past, Present and Future’. Marketing Research Center aims at boosting businesses’ marketing strategies by industrial-educational cooperation as well as encouraging marketing experts. The center opens annual seminars, inviting key experts in marketing, for most recent academic updates. On May 31st, ‘LSOM Invited Seminar: New Frontiers in LSOM’ was conducted by LSOM Research Center. The key concentration of the center is on developing strategic plans to increase the business’s international and national competitiveness. In particular, the main areas of researches include logistics, sales management, and distribution of resource to achieve efficiency of service production. The same day, Visionary Companies Research Center (High-performance Companies Research Center) also held ‘A Business’s Future: Technology, Work and People’. High-performance Companies Research Center pays attention to theoretical and practical approaches applied at high-performance companies. The center is also in charge of academic seminars inviting researchers in Korea and overseas, offering thesis supports to postgraduate students at KUBS. The second last academic event was ‘IS Research Symposium’ on June 22nd. Digital Innovation Center is specialized for theoretical and practical knowledge of information system which is the critical determinant for business’s competitiveness. It is the research center for the technological developments in the Fourth Industrial Revolution: IoT, big data analysis, platform business, blockchain. From the 24th to 27th of June, IBRE had its four days long conference, ‘2018 JAAF (Journal of Accounting, Auditing and Finance) Conference’. Accounting & Taxation Research Center is a center established to facilitate academic researches on the areas of study. The center also conducts collaborative works with accounting firms, and educates future experts in accounting. Details of Accounting & Taxation Research Center’s tasks are as follows: △academic exchanges in accounting and taxation △publication including research papers △supervision of accounting, taxation and auditing △hold diverse education programs: lecture, small session. See More Articles (Korean) [특집] 기업경영연구원의 60년 역사를 되돌아보다 [특집] 기업경영연구원 창립 60주년 기념식 개최 [회고록] "기업경영연구원 창립 60주년을 축하합니다" - 조익순 명예교수, 지청 명예교수 [인터뷰] 박찬수 기업경영연구원 31대 원장 인터뷰 - “연구그룹 활성화로 다시금 새 역사 만들어 가기를”
2018 JAAF Conference held by IBRE Accounting and Taxation Research Center, KUBS
2018 JAAF Conference held by IBRE Accounting and Taxation Research Center, KUBS Three Days Conference from June 24 (Sun) with 120 Accounting Researchers from Europe, U.S.A., Asia Korea University Business School (Dean Soo Young Kwon)’s IBRE Accounting and Taxation Research Center (Director=Professor Seok Woo Jung) held ‘Journal of Accounting, Auditing, and Finance Conference (JAAF Conference)’ in collaboration with Hong Kong Polytechnic University. The JAAF Conference will be held at Lotte Hotel, Jeju, from June 24th to 27th. Opening with a welcoming banquet on the 24th, more events at 2018 JAAF Conference will be held in 25th and 26th. A total of 35 sessions will be held for discussions on research areas in depth. The sessions include discussions on auditing, earnings management, financial reporting, and accounting standards. The sessions will be opened by thesis presentation of renowned accounting researchers across the world, including △Professor Cathy Shakespeare, University of Michigan △Professor Illia Dichev, Emory University △Professor Panos Patatoukas, University of California, Berkeley. 2018 JAAF Conference will mainly discuss the revision of the auditing system in Korea and its expected consequences, as well as thesis presentations. Yeong-Kyun Ahn, Vice President of the Korean Institute of Certified Public Accountants (KICPA), will deliver the revised details of auditing system and their expected outcome. Professor CHOI, JONG HAG at Seoul National University, Professor Reichelt at Louisiana State University, Hwan-Seok Cho at EY Korea, Moon-Won Choi, CEO at Grant Thornton Daejoo International Ltd. will be the participants of the debate. At gala dinner on the 25th, Joong-Kyung Choi, President at KICPA, will deliver a speech on the auditing system revision. 2018 JAAF Conference is an academic event specially organized for the 60th year anniversary of IBRE at KUBS. Accounting and Taxation Research Center is a center for improving research performance on taxation and accounting, and educating experts in professional and academic accounting by conducting collaborative researches with accounting firms. The main tasks of the center are △assistance on accounting and taxation research △academic exchanges on accounting and taxation △research thesis and other publications △an advisory service to auditing △education sessions and lectures.
Prospective Startup Entrepreneurs with Creative Ideas…2018 Startup Express Summer Season
Prospective Startup Entrepreneurs with Creative Ideas…2018 Startup Express Summer Season Korea University Business School’s Startup Institute (Director=Professor Hicheon Kim) welcomed their fifth teams at Iljin Center for Startup Incubation. On June 15 at 2 pm, the Startup Institute held ‘2018 Startup Express Summer Season’ at Startup Station, KUBS Main Building where prospective startup entrepreneurs presented their creative and brilliant ideas. This startup competition event was hosted by KUBS Startup Institute and sponsored by Korea University F-MBA Partners, Korea University Business Research Society and Korea University LINC+ Cooperation. “As of today, we have the fifth opening of Startup Express,” said Professor Hicheon Kim, Director of Startup Institute. “I can see that the applicants’ capability improves over the years.” Mr. Yeo-Dong Yoon, CEO of Polestar Health Care, who was also in charge of the opening remark added, “Korea University provides the best environment to prospective entrepreneurs.” “I know many of you would be concerning about economic reward for running your own business, but I believe that is something that naturally comes to you as long as you follow your goal.” “Make sure you think carefully on whether your business idea is something that is demanded in the society.” On the ‘2018 Startup Express Summer Season’ event, each applicant team gave a presentation on their business idea, followed by Q&A sessions. Their presentations were evaluated by 10 judges including △Kyung-Joon Kim, General Manager, Board of Future Planning at Korea Times △Professor Hicheon Kim, Director of Startup Institute △ Jin-Seung Nam, Manager at Yuanta Securities Korea Co. Ltd. △Professor Daeyun Park, Research Professor at Startup Institute △Myung-Cheol Shin, Partner at KingsBay Capital △ Professor Shijin Yoo, Director of Seung Myung Ho Entrepreneurship Education Center △Yeo-Dong Yoon, CEO of Polestar Health Care △Seung-Cheol Lee, Assistant Manager at KCC △Seung-Pyo Lee, Director at Iljin Group △Dong-Hyun Choi, Team Manager at Kakao Ventures. The judging criteria were each business model’s △creativity △marketability △feasibility △depth of market research and analysis. The shortlisted applicants were four startup teams, the awardees were △‘Homo erectus’ (Grand Award) △‘Enjoying Lions’ (Excellence Award) △ ‘youMake’ (F-MBA Partners Award) △‘Skylab Games’ (Business Research Society Award). The award benefit for the four startup team awardees is the admission to Iljin Center for Startup Incubation, KUBS Startup Institute starting from July 2018. The admitted teams are also eligible for financial support and educational program by Startup Institute. They are eligible for mentoring program with current startup entrepreneurs, industry experts, and venture capitalists, from which the teams can get practical assistance. In addition, the admitted teams are eligible for professional assistance from Kim & Chang Law Firm and PwC Korea. The 2018 Startup Express Summer Season event is sponsored by Korea University F-MBA Partners, Korea University Business Research Society and Korea University LINC+ Cooperation. F-MBA Partners comprised of KUBS Finance MBA alumni donated two million won. Korea University Business Research Society, who are KUBS Executive MBA alumni made the contribution of one million won. Korea University Business Research Society, in particular, has made the contribution for the fifth times.
Spring 2018 Graduate School Meeting and Special Lecture on Research Integrity
Spring 2018 Graduate School Meeting and Special Lecture on Research Integrity On June 8th, KUBS held Spring 2018 Graduate School Meeting and Special Lecture on Research Integrity at Hyundai Motor Hall Room B307. The meeting was hosted by Associate Dean Jong-Ho Lee, program director of the department of business administration and department of international business. The research Integrity lecture was held by Professor Tae-Hoon Ha (Korea University School of Law). Graduate school meeting was held for 30 minutes where graduate students had a chance to suggest improvements or make complaints. Associate Dean Jong-Ho Lee answered to each idea raised during the discussion. Some of the students’ ideas were a new copy machine, study carrels at the library. "If you would like to discuss any other things that you prefer to discuss in private, come to my office. I will be more than happy to discuss with you,” Associate Dean Jong-Ho Lee added. In the afternoon from 4:30 pm, professor Tae-Hoon Ha held a lecture ‘Research Integrity for the next generation of the discipline’. The lecture mainly discussed △Definition of research misconduct △Rules of how to cite other’s work properly △Judicial precedents for plagiarism. Professor Ha explained, “From 2007 onwards, they perform a fact check on plagiarism in a thesis as senior government official’s qualification criteria. It highlighted the importance of the code of conduct for research integrity.” “I strongly suggest you be familiar with the rules of proper citation.” Throughout his lecture, professor Tae-Hoon Ha emphasized the importance of proper citation in a thesis. As a consequence of the increased awareness, the rules are now strictly applied to academic works. Recently the Ministry of Education has revised ‘The Guidelines for Research Integrity’, plagiarism applies to written work that a student uses without citation. Professor Ha added, “Whenever you are in doubt, indicate its source - to be safe.” “Please note that even if you paraphrase or summarize, you must cite its source as well.”
Future Education Debate with High School Teachers
Future Education Debate with High School Teachers Korea University Business School opened ‘Future Education Debate’, inviting high school teachers. On this special debate, high school teachers and professors at KUBS together discussed where the education for the future generation should be headed and what roles and responsibilities that teaching staffs have. The debate was designed to implement the improved education system. The debate focused on △an educational objective, program curriculum and its revision at KUBS △learning facilities and environment for future education △further comments from secondary education to tertiary education, and suggestions on the admission process. Admission officers at the KU Office of Admissions also joined to discuss the selection process of future students. Dean Soo Young Kwon thanked the participants, “Thank you all for joining our event. I hope it would be an important debate that allows each of us to redefine the meaning of talent, and what responsibility educators have for the future generation.” “KUBS will start working on new plans of providing better education to our students based on today’s debate,” Dean Kwon added. Associate Dean Jaehwan Kim, who was the host of the debate, said “I am sure teachers here must have special stories of each and every student on how they were admitted to KUBS. And I am aware of the expectation that you must have had. I have been wanting to invite high school teachers for sharing ideas and developing a strategy.” Associate Dean Jaehwan Kim added, “It was nice to hear comments from teachers, as well as the behind stories of our students – how they worked hard to come to KUBS.” “KUBS will continue discussions with professors at universities as well as professionals from the business practice to come up with an ideal educational objective for our students.” A high school teacher who participated in the debate commented, “It was such a great event that high school teachers and professors together discuss where the tertiary education should be headed. I am very glad to be a part of it. I think it reminded me of my responsibility and encouraged me to provide better education to my students.”
2018 F-MBA Homecoming Day
2018 F-MBA Homecoming Day The Business School held the 2018 Spring Homecoming Day event for Financial MBA (F-MBA), on June 12th, 7:30 pm at Cuckoo Hall, LG-POSCO Building. Participants were 30 F-MBA students and alumni, Associate Dean for MBA Program Kyung Sam Park and Program Director Professor Jae Uk Chun. Professor Kyung Sam Park celebrated the event by saying “Thank you all for participating in the event. I hope you have a great time tonight. In particular, I want current students to remember that you can seek help anytime from other students, alumni as well as professors during your study.” Professor Jae Uk Chun added, “The homecoming day event invites F-MBA students and alumni. I hope you make the most of it by getting to know each other and building a network.” One of the 7th F-MBA alumni Jeong-Hoon Jeon commented, “I try not to miss this annual homecoming event. I can see the event itself and the dining service improves every year. I will look forward to the next year’s homecoming day.” At the end of the Homecoming Day event, the participants all took a picture to celebrate the gathering. KUBS’s F-MBA holds ‘Homecoming Day’ event every year to encourage its unique network between current students and alumni.
Information Session for Spring 2019 Outbound Exchange Students
Information Session for Spring 2019 Outbound Exchange Students On June 8th (Friday) at 3:30 pm, KUBS had an information session for outbound exchange students in Spring 2019. The information session was held at Hyundai Motor Hall, Room B308, where information on △notice of the maximum number of exchange students by partner universities △application deadline and eligibility △statement of purpose, English resume and other required documents △Q&A. Eligibility to participate in the exchange program includes a minimum overall GPA of 3.0 in the last two semesters, completion of at least 117 credit hours. Students enrolled in their last semester are not allowed to participate in the exchange program. If interested, you must complete the online application by 11:50 am, July 17th (Tue), and submit the hard copy application by 4 pm the same day. The interview then will be held on the 2nd and 3rd of August (Thu-Fri), and its outcome will be released on 7th (Tue). Applicants may apply for up to five universities that they would like to participate in, up to three universities if it is a university in Britain and the United States. The selection process will be of 40 percent of document screening and 60 percent interview. You may check more details on how to apply and the list of partner universities at (biz.korea.ac.kr/international/student-exchange). ▶ Click here to read notices on KUBS exchange program
[Startup Lecture Series] Dong-Wook Suh, Vice President at NEW “Flexibility in Business Strategy”
[Startup Lecture Series] Dong-Wook Suh, Vice President at NEW “Flexibility in Business Strategy” On June 5th, KUBS Startup Institute held its last lecture on ‘Startup Lecture on Demand’ series at 6:30 pm. The guest lecturer was Dong-Wook Suh, vice president at NEW (Next Entertainment World) ‘From Cell No.7 to Busan’. Established in 2008, NEW is a film investment and distribution company which now grew to a contents distribution company specialized in drama and film production, drama soundtracks, and sports brand licensing. Mr. Suh used an analogy of starting own business with fighting in a war. Every moment of running own business asks you to make decisions, so you need to be committed and brave. “It is not a charity; You have to make profits. That is what business is all about. So I recommend it is very important to work through your ideas and plans hypothetically before you actually proceed with them.” Mr. Suh also highlighted the importance of flexibility in business strategy. He cited the movie title, ‘Right Now, Wrong Then’. He explained, “The rule of thumbs: we don’t stick to a rule; each time we come up with a new rule. That is how we believe we achieve the best outcome possible.” Mr. Suh gave an example of how he invested in the production of TV series ‘Descendants of the Sun’. “I have never done TV shows (drama) so I did my research, and I proceeded with the investment.” “And the investment brought me data on export planning and publication rights, which are fundamental to the business’s further projects.” Vice president Dong-Wook Suh concluded his lecture by stressing the importance of human resources. He continued, “Machines cannot replace human. The employees you work with can make the difference in your business. So it is important you make sure you and your employees are on the same page.” “I strongly suggest you create effective communication in the workplace because it will increase the efficiency of business operation at the end.” Mr. Dong-Wook Suh then had a Q&A session at the end of his lecture, where he was asked how he thinks of the web series market (web drama). He replied, “You know how tvN’s ‘New Journey to the West’ was first released on the Internet and then aired on TV. You want to be fully prepared. You need a thorough plan and research of the market.” Each semester, KUBS Startup Institute holds a practice-based lecture series ‘Lecture on Demand’, focusing on startups and business venture. Anyone interested in the KUBS startup business teams and any KUBS students are welcome to participate in the lectures. For further inquiries, please contact KUBS Startup Institute at 02-3290-2551.
KUBScholars Open Seminar in June (Study Abroad Prep Program)
KUBScholars Open Seminar in June (Study Abroad Prep Program) On June 5 at Room 210, LG-POSCO Building, the Business School’s study abroad preparation program ‘KUBScholars’ (academic advisor: Professor Byung Cho Kim) had its open seminar in June. The guest speaker was Jae-Pil Lee (Business ‘09), who is a prospective doctoral candidate in Economics at Carnegie Mellon University. After he graduated from Korea University Business School in 2015, Mr. Lee signed up for KUBScholars to prepare for his study overseas. He then started his master’s degree at London School of Economics in 2016 and graduated last year. The topic of his lecture was ‘My Studying Abroad Experience: Tips and Advice’, where he shared his experience of studying overseas with the audience. In the Q&A session afterward, the participants raised some of the practical questions. As regards who to request the letter of recommendation, Mr. Lee responded “I suggest you to request of the letter to your academic advisor, but I would also suggest you to request the letters from the professor of the courses you were good at, as well as professors you are close with.” He added, “As long as you are committed, I think it is a good idea to planning a career in academia. Do not worry about your weakness – you will figure it out.” KUBScholar program is designed to assist students with academic life abroad, offering useful tips and information through the mentoring program. Seminars are delivered by academics who have overseas studying experience. For further information, please contact via email to KUBScholars President Hyunji Lee (email@example.com).
The 60th Year Celebration Ceremony for Korea University IBRE
The 60th Year Celebration Ceremony for Korea University IBRE The Business School had the 60th year celebration ceremony for Institute for Business Research and Education (IBRE) on the 1st of June at Ahn Young Il Hall, LG-POSCO Building. Over 60 participants attended the ceremony, including KUBS Dean Soo Young Kwon, Director of IBRE Professor Chan Su Park, Emeritus Professor Ik Soon Cho, Emeritus Professor Soo Sik Sin. Professor Jungbien Moon hosted the ceremony, and the ceremony was held in the order of △Opening remark △Congratulatory speech △Banquet and Congratulatory performance. On his opening remark, Director of IBRE, Professor Chan Su Park said “Celebrating the 60th anniversary of the foundation of IBRE since 1st of June, 1958, I would like to thank all the effort and contributions you gave us, and we will make sure to keep our constant work. Then the ceremony was followed by congratulatory speeches from Korea University President Jaeho Yeom and the Business School Dean Soo Young Kwon. On his video message, President Yeom said “The Business School was a pioneer who started the very first institute for business research and education when the term ‘business administration’ was not even widely used in South Korea. I hope IBRE will keep up the spirit of being the pioneer, aiming at the world best business research institute.” Dean Kwon also congratulated the ceremony by adding “IBRE has contributed to society in that their advanced researches by academic staffs improved business studies in Korea, and they facilitate education programs for executives of firms. Korea University’s IBRE played a key role in the overall improvement of Korea University Business School and Graduate School of Business.” Emeritus Professor Ik Soon Cho, who were the 7th, 8th and 14th director of IBRE, added his commemorate speech as well. Emeritus Professor Cho pointed out the key achievements of IBRE as the appointment of IBRE researchers at universities in South Korea, and cost accounting. Professor Cho said, “The contribution that IBRE had on economic development in Korea for the last 60 years is quite remarkable. I hope IBRE continues to be the longest and the best research institute. After a cake cutting ceremony by Dean Kwon, Director Professor Park, and Emeritus Professor Joon Bum Lee, the participated professors and administrative staffs had a banquet. The ceremony ended with a performance of Professor Dong Seop Kim (Baritone, Department of Voice at Daegu Catholic University).
[2018-1 Sudang Digital Library Database Session] Information Session on KIS-LINE, KIS-VALUE
[2018-1 Sudang Digital Library Database Session] Information Session on KIS-LINE, KIS-VALUE On June 1, KUBS’s Sudang Digital Library had its third database information session at Room B307, Hyundai Motor Hall for 2 hours from 1 pm. This session focused on /KIS-LINE (financial statements and credit information of listed companies in the domestic market) /KIS-VALUE (download of mass industrial information of companies in the domestic market). The guest lecturers were General Manager Hyung-Nae Roh and Assistant Manager Jae-Hong Kwon at NICE Group, with participants of 15 undergraduate and postgraduate students. Both KIS-LINE and KIS-VALUE are services provided by NICE Group, which is the top financial service business in South Korea. KIS-LINE is a portal service that allows search and analysis of an extensive database of companies, industries and financial institutions. On the other hand, KIS-VALUE is a program that offers an evaluation and research service using business’ financial statement and stock market data. Mr. Hyung-Nae Roh explained what each column means suggesting an example of a company. He pointed out that it is important to have a close look at ‘watch ratings’, when determining the rating status from ‘Company Overview’ category. He added, “Unless there is an unusual event, you can get the company evaluation rating valid for the whole year because the final financial statement is released once a year. That is why it is important to monitor the early warning system - ‘watch rating’ every day. Mr. Jae-Hong Kwon then explained how to set up KIS-VALUE program. He added, “Since the main objective of KIS-VALUE is to draw a conclusion out of its data analysis, you need to be able to use excel.” Mr. Kwon then went through a detailed instruction of how to use executive keys that are shown above when you click the program. One of the participants, Hye-Yeon Yook (PhD candidate, Marketing ‘10) commented that “it was a quite informative session to learn basic instructions of how to use KIS-LINE and KIS-VALUE. I will look forward to further sessions.”
Celebrating Teacher’s Day, Teacher Appreciation Banquet for Emeritus Professor
Celebrating Teacher’s Day, Teacher Appreciation Banquet for Emeritus Professor On May 18th at noon, the Business School held a Teacher Appreciation Banquet for emeritus professors. This banquet is one of our official events celebrating teacher’s day (5/15). Participants were △Dean Soo Young Kwon △Associate Dean Kyung Sam Park △Associate Dean Jae-Nam Lee △Associate Dean Jong-Ho Lee, inviting △Emeritus Professor Ho Jin Kang △Emeritus Professor Wan-Soon Kim △Emeritus Professor Sang Koo Nam △Emeritus Professor Soo Sik Sin △Emeritus Professor Kwan hee Yoo △Emeritus Professor Se Hwan Yu △Emeritus Professor Young-Sup Yun △Emeritus Professor Jang Rho Lee △Emeritus Professor Joon Bum Lee △Emeritus Professor Jin Kyu Lee △Emeritus Professor Chung Jee. Dean Kwon thanked the emeritus professors, “We are very aware of your thoughtful and continuous care for the Business School.” “We deeply appreciate your hard work for the Business School. We will make sure to remember your effort and do our best to the School improvement.”