2017 KUBS Full-time MBA Admissions Open
2017 KUBS Full-time MBA Admissions Open GMBA/CEMS MIM and S3 Asia MBA are now accepting applications for 2017 admission The application deadline for GMBA/CEMS MIM Dual Degree Program is March 30 (Thu) The application deadline for GMBA Single Degree Program and S3 Asia MBA program is April 28 (Fri) Korea University Business School (Dean=Professor Soo Young Kwon) is now accepting applications for Fall 2017 MBA admissions. The two full-time MBA programs that admit new students in 2017 are: △GMBA/CEMS MIM and △S3 Asia MBA. The Finance MBA Program has been reorganized, and its admission for Spring 2018 will begin in Fall 2017. The GMBA/CEMS MIM has three application rounds. In Round 1 and Round 2, applicants can apply for both GMBA Single Degree curriculum and the GMBA & CEMS MIM Dual Degree curriculum whereas the third round is for the GMBA Single Degree curriculum only. The application period for Round 1 is closed. The deadlines for the Round 2 and Round 3 are March 30 (Thu) and April 28 (Fri), respectively. In Round 2, the interview will be held in April 15 (Sat), and final decisions will be released on April 25 (Tue). The dates of the Round 3 interview and decision notification are as follows: May 20 (Sat) and May 31 (Wed). Two information sessions are scheduled to be held on △March 18 (Sat) at 2:00 p.m. and △April 5 (Wed) at 7:30 p.m. ▶ For further details, click the link: http://biz.korea.ac.kr/en/mba/global-mba/admission The S3 Asia MBA Program (AMBA) is an Asia-specialized program offered by three leading universities — Korea University, Fudan University, and National University of Singapore. Students can obtain two degrees, one from Korea University and another one from other two universities. The AMBA accepts applications until April 28 (Fri). The results of the application screening stage will be released on May 12 (Tue). The interview will be conducted on May 20 (Sat), and final decisions will be announced on May 31 (Wed). Along with the GMBA/CEMS MIM, two information sessions are scheduled to be held on △March 18 (Sat) at 2:00 p.m. and △April 5 (Wed) at 7:30 p.m. ▶ For further details, click the link: http://biz.korea.ac.kr/en/mba/s3asia-mba/admission The Fall 2017 MBA Admission is available at https://bizapply.korea.ac.kr/en/ For further inquiries, please contact the Administrative Office of MBA Programs at 02-3290-5365.
KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey” among Private Universities
KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey” among Private Universities 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. The KUBS AMP focused on enhancing its competitiveness, including its curriculum innovation, in order to develop a distinguished advanced management program, thereby receiving a high score. The lectures have been revised 100% for the innovation of the education program. “We changed the contents of lectures by adding science subjects such as Biotechnology,” said Professor Sang Yong Kim who is AMP Director. Also, the AMP selected second-generation business leaders to strengthen the power of the network. The average age of the program participants has dropped to early 50s. The quality of the network has improved as well. The program enhanced the interview process, resulting in eliminating more than 10 applicants. The KUBS AMP, which is well known for its alumni network, has a special curriculum called “3rd Period.” After second period, students can go out for a beer and develop a network, and that is part of the AMP curriculum. The purpose of this session is to utilize networking assets by building a strong alumni network. “Half of the AMP students said that the reason for taking the program is to acquire necessary knowledge for business management whereas the other half said it is to build a network with dignitaries. I can assure you that Korea University has the most powerful network than anywhere else,” KUBS Dean Soo Young Kwon said. In addition, the KUBS AMP, which has been running its alumni association since 1976, has a curriculum using Korea’s largest alumni network of 5,000 graduates. “We provide an event where AMP students and graduates can attend to maintain KU’s unique alumni network,” Dean Kwon said. Meanwhile, the assessment, jointly conducted by Korea Economic Daily and Global Research, was surveyed by 417 human resources executives and managers from the government and public enterprises. The 42 AMP programs, which were recommended by 20 major universities in Seoul, were categorized in six areas and were scored based on the following indicators: △curriculum, △current and future reputation, and △network. Each section was ranked either from 1 to 3 or 1 to 5.
KUBS Signed MOU with PHBS in China
KUBS Signed MOU with PHBS in China Korea University Business School (Dean=Professor Soo Young Kwon) singed a MOU with Peking University HSBC Business School (PHBS). The MOU includes △Graduate and MBA-level Student Exchange Program and △academic exchanges, including joint research and seminar. Each university can send two students per semester to study overseas. Exchange students may study for up to one academic year and take the following course areas in English offered at PHBS: Business Administration, Economics, and Finance. ▲ Korea University Business School singed a MOU with PHBS on January 11. “Through this agreement, KUBS and PHBS can actively communicate and build a robust network,” Dean Soo Young Kwon said. “I especially hope there will be even more graduate-level research and academic exchanges between the two universities.” ▲ The panoramic view of PHBS The Peking University Shenzhen Graduate School of Business was founded in 2004 and renamed HSBC Business School in 2008. PHBS has a total of 61 full-time faculty. The university is ranked No. 129 in the UTD Rankings, an evaluation index indicating the research performances. Shenzhen, China, where PHBS is based, is a major city located in Guangdong Province adjacent to Hong Kong. The city has a population of about 11 million with an average age of 30 years. The headquarters and factories of the global leading companies in China, such as BYD, Foxconn, Xiaomi, and Tencent, are situated in Shenzhen, a rising city where the future of China can be anticipated. For further inquiries on the Student Exchange Program, contact the KUBS International Office (email@example.com).
Special Lecture by JYP CEO Wook Jung, “Active and Open-minded Talents Have More Creativity”
KUBS Startup Institute’s Entrepreneurship Academy Lecture Series Special Lecture by JYP CEO Wook Jung, “Active and Open-minded People Have Creativity” On December 9 at 1:30 p.m., a special lecture “The Success of K-POP and Creative Talents,” delivered by JYP Entertainment CEO Wook Jung, was held at KUBS Startup Station in KUBS Main Building. As part of the Entrepreneurship Academy Lecture Series, the session aims to educate students to understand diverse academic areas—such as business and liberal arts—by inviting related mentors and sharing innovative experience and advice. CEO Jung pointed out that one of the reasons K-POP continues to grow is because the size of target customers is rapidly increasing due to relevant market expansion in North America and other countries. In other words, the development of platforms and digital devices have made people from around the world consume K-POP even more. K-POP fans who voluntarily listen to Korean music through digital platforms have become the principal engine of expanding and reproducing K-POP. “We should focus on establishing a niche,” CEO Jung said. “For instance, TWICE, Korean girl group, released the music video, featured with zombies. We believed that the zombie-theme can surely intrigue anyone all over the world.” CEO Jung indicated that when producing music, an entertainment agency should anticipate the global market demands and preferences. CEO Jung also explained about the K-POP global marketing in the past and the present. “We should continue to drive sales growth and business diversification by focusing on markets, which were expanded based on IP services,” he said. Prior to 2015, many entertainment agencies globalized their business by sending Korean singers overseas. However, they have been producing Asian-based multinational idol groups since 2015. One of the representatives is Tzuyu of TWICE. Starting 2016, agencies have implemented localization strategies worldwide and have been releasing songs fit for the local culture. For instance, if a Korean singer performs in Japan, the song will be sung in Japanese. CEO Jung emphasized that desire creates a market. He explained with an example of his childhood cartoon Winnie the Pooh. “When you were young, you perhaps imagined the taste of Pooh’s pancakes,” CEO Jung said. “We have to create a market, for example, making people want to visit the filming locations when they watch a movie.” Global marketing must be designed to stimulate desire for eating Korean food, seeing Korean culture, and furthermore visiting Korea. This is also known as Creation of Desire. CEO Jung believes a creative talent is the one who knows how to express his feelings to a boss. “JYP (Jin-young Park) and I like staff members who can talk back to us,” he said. “When I ask staff members’ thoughts on a song, the one who is brave enough to say ‘I just don’t like it’ without any explanation is blunt but creative.” CEO Jung believes that a true creative talent can be discovered if there is a tension-free atmosphere. In fact, he does not prefer recruiting typical applicants who wear a suit for their job application photography. CEO Jung once hired a staff member who used the wrong company name. “We can provide you the market,” he said. “But, do you really think that I, who have been in K-POP for 17 years, will be intrigued by someone who explains about the current K-POP status and propose its business? We are attracted to people who point out our problems and have guts to criticize us.” “I am here with the expectation that I will have the opportunity to communicate with you and possibly work together in the future. It is my great honor to be here at this wonderful place where something new will begin,” CEO Jung concluded. “As we live in the era emphasizing diversity, creative talents that CEO Jung has stressed can actively engage in various fields,” said Jisun Rha (Business, ’12) who attended the special lecture. “The session was significant as I was able to meet professionals in my area of interest, improve an understanding of the Korean entertainment industry, and get to know their desired talents for the related field.”
“2016 KUBS Worldwide Business Research Rankings” Released…KUBS Ranked 74th
“2016 KUBS Worldwide Business Research Rankings” Released…KUBS Ranked 74th Analysis on 40,000 publications data from 86 business journals, University of Pennsylvania ranked #1, followed by Erasmus University Rotterdam (#2) and University of Michigan at Ann Arbor (#3). A broader evaluation on research capacity compared to the UTD Rankings focusing on Western Universities. The Center for Business Research Analytics at Korea University Business School (KUBS; Dean Soo Young Kwon) released the 2016 Korea University Business School Worldwide Business Research Rankings™ (KUBS Rankings). This year, the University of Pennsylvania was ranked 1st place, while Erasmus University Rotterdam and University of Michigan at Ann Arbor were ranked as the top universities, placing 2nd and 3rd, respectively. Within the Asian region, City University of Hong Kong (8th) and National University of Singapore (9th) placed within the top 10, and Hong Kong Polytechnic University (20th) and Hong Kong University of Science and Technology (23rd) ranked within the top 20. Korea University has been ranked as the one and only university in Korea to be named within the top 100, being the 74th in the world. Other Korean universities ranked as follows: Korea Advanced Institute of Science & Technology (139th), Yonsei University (164th), and Seoul National University (167th). Korean universities have shown notable performances this year. While the rankings were not especially high, KUBS – as the leading university in Korea – moved up one spot higher from 75th to 74th this year. Other top Korean universities also showed great increase in ranking as follows: Korea Advanced Institute of Science & Technology moving up 36 spots (175th in 2015), Yonsei University moving up 19 spots (183rd in 2015), and Seoul National University moving up 4 spots (171st in 2015). KUBS Rankings, annually released towards the end of the year, is an evaluation index which indicates the research capabilities and performances of universities worldwide by data analyses on 40,000 publications listed in the 86 distinguished journals. While the worldwide rankings are released as an overall index which can be viewed by Rankings by Area – divided by seven business research areas of study – and Rankings by Journal. The Areas include △Accounting △Finance △Management △Management Information System (MIS) △Marketing △Operations Management & Management Science (OM/MS) △International Business (IB) & Strategy. Five years of publication data from 2011 to 2015 have been computed for the 2016 KUBS Worldwide Rankings. The top 300 universities have been ranked based on the sum of converted scores, reflecting the number of authors and their affiliations. The KUBS Rankings provides analyses on a wider scope of journals compared to the UTD Top 100 Business School Research Rankings™ (UTD Rankings) which conducts analyses only on 24 distinguished journals. While there is a tendency for the UTD Rankings to show outstanding performance of universities mainly in the United States, KUBS Rankings strives to have its base on a more practical evaluation standard by conducting analysis on a broader variety of journals so that the top universities in the European region as well as the ones in the Asian Pacific region will not be undervalued. “The goal of KUBS Rankings is to provide an active and inclusive evaluation on business schools around the world,” KUBS Dean Soo Young Kwon said. “Since KUBS Rankings has created a database of a wide variety of prestigious business journals, it has been recognized its potential to grow as the major index for evaluating the capability for research on studies of the business field. Currently there is an increasing number of inquiries continued from all over the world.” The details and information on the 2016 Korea University Business School Worldwide Business Research Rankings™ and other supplementary rankings can be found at kubsrankings.korea.ac.kr.
KUBS Startup Institute Selects Its 2nd Teams…"Startup Express Winter Season"
KUBS Startup Institute Selects Its 2nd Startup Teams…"Startup Express Winter Season" 4 teams out of top 9 teams were awarded at the competition on December 9 The 2nd startup teams of KUBS Startup Institute (Director: Professor Ho-Won Jung) are now finalized. On December 9 at 3:00 PM, “The 2016 Startup Express” was filled with enthusiasm of prospective entrepreneurs who wish to become Korea’s Mark Zuckerberg and to create the next Instagram. The 2016 Startup Express, hosted by Iljin Center for Startup Incubation at KUBS Startup Institute, is a startup competition where students can propose their creative business items based on entrepreneurship and innovation. A total of 12 persons, including △Minseop Kim (Manager of Lotte Accelerator), △Yushin Kim (CEO of Korea PCP), △Hicheon Kim (Head of Iljin Center for Startup Incubation), △Jooyoung Noh (Executive Officer of Dongwha Group), △Joong Yang Park (Director of Iljin Global), △Young-woong Song (Head of the Korea Times), and △Jaesun Shin (CEO of IT Winner, attended the event as judges. “It was a difficult decision to select just 12 teams for presentation among such talented applicants,” said Professor Hicheon Kim who is Head of the Iljin Center. “Through the 2016 Startup Express Winter Season, I hope there will be more talented entrepreneurs leading our society and economy.” A total of 43 teams, consisting of 156 undergraduates and graduates, from 16 universities in 3 countries have applied for the 2016 Startup Express Winter Season. The top 12 teams selected through a screening process presented their business items. The 2016 Startup Express Winter Season includes idea presentation and Q&A session. The judges chose four teams, which are Vlogr (Grand Prize), △B&B Brothers (Excellence Award), △Brave Peach (Encouragement Award), and △GridaZip (KUBS Research Association Award), based on the following criteria: △Creativity, △Marketability, △Business Feasibility, △Research and Analysis, etc. Vlogr (Grand Prize) B&B Brothers (Excellence Award) Brave Peach (Encouragement Award) Grineun (KUBS Research Association Award) The grand prize winning team, Vlogr, developed a video editing sharing platform, an app that helps people intuitively use video clips, as their business item. “Although videos are influential, people tend to have trouble delivering meanings in a video due to the difficulty of using editing tools,” Vlogr CEO TaeJun Lee (Business Administration, 11’) said. “As we are now living in the new media generation, I would like to contribute in producing various contents by developing intuitive and easy editing tools.” Meanwhile, the four winning teams of the 2016 Startup Express will move into Iljin Center for Startup Incubation in January. After moving in, the teams will not only receive budget for operation expenses and systematic startup education, but also continuous advice and support from mentors, composed of alumni entrepreneurs, industry experts, and venture capitalists. The other five teams recognized as having potential for development – △TICON, △CANVAS, △PrismStone, △Clickmation, and △Yein Company – will also move into the Iljin Center and continue their startup business.
Dodotdo (Iljin Center Team) Wins “D.Day” Competition Held by D.CAMP
Dodotdo (StartupTeam from Iljin Center) Wins “D.Day” Competition” Held by D.CAMP On December 1 (Thu), Dodotdo, a startup team from Iljin Center for Startup Incubation and a developer of integrated communication solution for business purpose, was crowned the winner of “The 35th D.Day,” held at the D.CAMP event hall in Yeoksam-dong. D.CAMP has been hosting a monthly startup demo day event called “D.Day” since June 2013. The event is known as “startup gateway.” Up to now, a total of 172 startups were on the stage. The leading companies, such as 8Percent and Nthings, were inducted to the D.Day Hall of Fame. ▲Dodotdo CEO Soyeong Sim (left), D.CAMP Director Kwanghyun Kim (right); Photo Credit: Platum (platum.kr) “I will take this award as encouragement to carry on our business and will continue to work harder,” said CEO Soyeong who has developed a solution by flying over to the U.S. several times to explore 50 best hotels and to understand its field. In addition to winning the award for the competition, Dodotdo also bagged Popularity Award voted by the audience. Furthermore, Dodotdo won “The 2016 Startup Express” hosted by KUBS Startup Institute. Dodotdo develops a convenient and fast integrated management solution on hotel and cruise service using a smartwatch. HIMS (Hospitality Intelligent Management System), which is the core solution of Dodotdo, is a solution installed with key functions on a smartwatch. The smartwatch was developed to improve the inefficiency in hotel business operations caused by different patterns and demands of customers along with the difficulty of carrying around mobile devices. Dodotdo introduced HIMS at Hospitality Industry Technology Exposition and Conference in New Orleans, U.S. in July of this year. Hotel and cruise companies all over the world are showing great interest in Dodotdo
Taling (Iljin Center Team) Wins Excellence Award in Startup Competition Held by Small and Medium Business Administration
“Taling (Startup Team from Iljin Center for Startup Incubation)” Wins Excellence Award in Startup Competition Held by Small and Medium Business Administration Taling, one of the startup teams from Iljin Center for Startup Incubation, won the Excellence Award in the crowdfunding sector of the “YES! Seoul Startup Competition,” which was jointly organized by Small and Medium Business Administration and Seoul Creative Economy Innovation Center. The event, held on November 23 at 2:00 PM at EL Tower in Seoul, was designed to enhance communication among local startup companies in Seoul and to promote investments and globalization. In the “YES! Seoul Startup Competition,” a total of 19 startups competed for the △two Grand Prizes and △two Excellence Awards, and 23,000,000 won prize. Approximately 600 persons participated in the event, including startup companies, university students, teenagers, prospective entrepreneurs, companies desiring to expand abroad, ventures, etc. “I had my own weight training session to tutor my college juniors,” said CEO Yoonhwan Kim. “As I shared my fitness talent to others, I thought other subjects and talents were applicable as well, and that was the start of Taling. Despite the low level of service quality at the beginning, Taling has successfully established a new culture of “Talent Matching” at Korea University by connecting more than 100 matches. Based on these experiences, the young entrepreneurs believed that their business idea is feasible and began the full-scale startup business. Taling was in the spotlight among startup businesses by accomplishing fruitful results of 3 billion won turnover in one year and a half after its launch. Taling won the Excellence Award in recognition of △surpassing Wadiz’s crowdfunding goal by 200% and △Excellence business performance and service completion. “Thanks to all tutors and tutees who have used Taling service, we had a valuable opportunity and received great reviews,” CEO Kim said. “Taling will continue to develop better services and always grow further.” Meanwhile, Taling has been showing continued growth of over 30% per month by attracting a wide range of clients from university students to workers. Recently, it has successfully received investments from Good Angels, an angel club formed by experts from diverse fields.
S³ Asia MBA Students Win 2nd Place in “Mahindra War Room" Competition
S³ Asia MBA Students Win 2nd Place in “Mahindra War Room” Competition Placed 2nd out of 2,214 participating teams…The first international team to win the competition since its launch On November 7 (Mon), the students of Korea University Business School’s S³ Asia MBA (AMBA) won second place in the “Mahindra War Room” held in Mumbai, India. The “Mahindra War Room” is an MBA-level case competition annually held by the Mahindra Group since 2008. The competition was launched to solve business issues that Mahindra Group faces. In the competition, each team selects one of the four following topics and develops a strategy: ▲Growth strategy in domestic market for SSsangyong Motor, ▲Growth strategy for Zoto App, ▲IT strategy for the new generation, and ▲Performance improvement strategy for Mahindra Racing Formula E Team. A total of 2,214 teams from all around the world participated in the competition. Twenty-five teams, consisting of 21 Indian teams and 4 international teams, made it to the semifinals while only 10 teams advanced to the final. ▲The AMBA students present their topic on “Zoto App’s growth strategy” in the grand finale. The AMBA student team has 4 members—▲Ganesh Attangudi Perichiappan Perichappan (8th Batch), ▲Eui Kyun Park (9th Batch), ▲Rachit Vyas (9th Batch), and ▲Gerillima Ang Chee Hui (9th Batch)—and named their team “Fudan Warriors.” The team was the only international team that successfully made it to the final by finishing first in the semifinals. Fudan Warriors won second place in the final. (From left) ▲Rachit Vyas (9th Batch), ▲Ganesh Attangudi Perichiappan Perichappan (8th Batch), ▲Eui Kyun Park (9th Batch) and ▲Gerillima Ang Chee Hui (9th Batch) “We sought advice from Nigerians at Funda University because our topic was about growth strategy for Zoto App used in Nigeria by Mahindra Group,” Gerillima Ang Chee Hui said. “Based on their information, we were able to understand the circumstances in Nigeria, which is quiet unfamiliar to Asians, develop a strategy, and learn many other things.” The Mahindra Group, the sponsor of the competition, is a multinational conglomerate that acquired Korea’s Ssangyong Motor. It generates revenue of approximately $7.1 billion and employs more than 100,000 people. Mahindra operates the key industries in India, taking a leadership position in utility vehicles, tractors, and information technology (IT). It also shows a strong presence in financial services, vacation ownership, consulting services, industrial equipment, logistics, etc. In 2014, Mahindra was listed in the Forbes Global 2000, a comprehensive list of the world’s largest, most powerful public companies, based on its revenue, profit, assets, and market value. Photo Credit: By Mahindra War Room’s Official Facebook www.facebook.com/mahindrawarroom
Postgraduate Program “EMBA CARE”
Postgraduate Program “EMBA CARE” On October 22 (Sat) at 4:00 p.m., the EMBA CARE (Continuing Alumni Reaching-out & Education) was held by Korea University Business School’s Executive MBA (EMBA) at room 432 in LG-POSCO Building. Professor Shijin Yoo delivered a lecture titled “The CEO Checklist for Successful Marketing.” The lecture began with the question “What is the survival inequality of our organization?” followed by eight other sub-themes including “What do we exchange with customers?” and “Is customer value taken into consideration?” The lecture covers an overview of corporate marketing strategy that CEOs should consider. “You should think about marketing strategy, find the significance of your company, and increase the number of customers who understand the corporate value,” Professor Yoo said. “You will be able to take one step toward successful business management by listening to opinions through customer contact points and by finding customer needs.” After the end of the CARE Program, the “EMBA Homecoming Day” was held at Ahn Young Il Hall in LG-POSCO Building from 6:00 p.m. △Former Dean Dong-One Kim, △Former Associate Dean Hosun Rhim, △Former Associate Dean Seung-Weon Yoo, △Former Academic Director Kyung Sam Park, △Academic Director Weon Sang Yoo, △Professor Shijin Yoo, △Alumni President Dong Shin Lee, and the EMBA students were present at the event. “KUBS is ranked 24th in the “2016 Top 100 Executive MBA Rankings” released by Financial Times in the United Kingdom,” Former Dean Kim said. “I hope the EMBA students will continue to contribute in advancing the world and becoming No. 1 in Asia.” The choral performance was presented by the 14th Class of EMBA. The students wore white colored shirts and belted out “Don’t Worry, Dear” and “Stepping Stones” under the choir conductor’s hand signals. “Some of the EMBA students could not make it to the event due to time conflicts,” Alumni President Lee said. “I will do my best to make more students participate in the next year’s event.”
Student of Management Receives KSBV Best Paper Award
Student of Management Receives KSBV Best Paper Award On November 5, Ju Hee Kim (Ph.D. student of Management), Professor Dae Il Nam, and Ji Hye Jeong (M.S. student of Management) received the Best Paper Award at the 2016 Korean Society of Business Venturing Fall Conference. The award paper was entitled “Does In-bound FDI Increase Firm Innovation? An Organizational Learning Perspective.” The authors empirically analyzed how Foreign Direct Investment (FDI) affects product and process innovation, using organizational learning. Based on the combined data from Science and Technology Policy Institute and the Ministry of Trade, Industry, and Energy, the paper concludes that FDI positively affects product innovation while organization innovation acts as a mediator in the relationship between FDI and product innovation. “I want to thank my advisor and co-author Ji Hye Jeong who have always supported me throughout the whole process,” Ju Hee Kim said. “I will continue to work diligently on my research so that I can return the favor by producing better research performance.”
Special Lecture by Gyeonggi Province Governor Kyung-pil Nam Held…"Rebuilding Korea"
KUBS Special Lecture Special Lecture by Gyeonggi Province Governor Kyung-pil Nam Held…"Rebuilding Korea" On November 9 at 10:30 AM, Gyeonggi Province Governor Kyung-pil Nam delivered his special lecture “Rebuilding Korea” at SUPEX Hall in LG-POSCO Building. The lecture was held as part of the “Business Negotiation” and “Organizational Behaviors” courses offered at Korea University Business School (KUBS). “Leadership and negotiation are major components in politics,” KUBS Professor Seungwoo Kwon said, explaining the reasons for inviting the guest speaker. “I hope this lecture will act as a trigger to think about governance and political leadership.” Gyeonggi Province Governor Kyung-pil Nam Governor Nam has examined Korea is facing financial calamity and emphasized to create the value of the “Global Standard.” “Although the U.S. hits one trillion dollars of budget deficit and one trillion dollars of trade deficit every year, its economy will not collapse due to the U.S. dollar,” Governor Nam said. “The U.S. dollar is not simply currency but used as the global monetary standard.” Developed countries create standards, not products. The prime example is Apple smartphones. Apple developed a new platform called “smartphone” by installing web browsing and other advanced functions to basic mobile phones. Such development has changed the lives of millions of people all over the world. “We make products while Apple does not. This is the difference between one who creates standards and one who follows the standards.” Governor Nam added. He provided the “Power-Sharing through Governance” as a political standard model –believing that sharing power allows maintaining of a transparent system, thereby eradicating political corruption. “Gyeonggi Province Vice Governor and I are in different parties. In other words, corruptions and irregularities cannot arise as each political party discusses with one another and uses the Gyeonggi Province System which opens all meeting processes to residents in real-time,” Governor Nam told. Governor Nam believes that the power structure of the new era should be in a way where the president builds close relationships with ministers along with continuous discussions. This will accelerate the passage of a bill because ministers have an obligation to convince their own political party. “We cannot communicate without sharing power. Nothing would be more dangerous than voicing different opinions in the same government,” he continued. In economic areas, Governor Nam stressed the “Shared Market Economy Model,” which is the combination of freedom and sharing. The economic system has to change. The Shared Market Economy Model allows the nation and communities to support platforms while companies use the provided platforms. Communities are responsible for a product’s entrance fee, marketing cost, logistic fee, etc. He gave an example of Donald Trump explaining that if the neo-monopoly continues, it is possible that there can be a next Trump. The lives of enraged citizens must fundamentally change. Governor Nam used potato chips as an example to explain the Shared Market Economy Model. “Gyeonggi-do Corporation provides platforms, enabling companies to compete with pure products only, and all companies have to do is utilize these platforms. Through a sharing platform, the cost of potato chips has decreased from 3,300 won to 900 won. This is the structure that “public” stands as a platform while private companies create an economic ecosystem. “The key to future communication is sharing. I hope all of you will become a leader preparing for the future,” Governor Nam said at the end of his lecture. “It takes 1,000 years to change culture and society whereas changing a system takes only 10 years,” said KUBS Dean Soo Young Kwon, who attended the lecture. “Based on today’s lecture, I look forward to seeing our society change within 10 years.”
KUBS International Business Joins Networking Session with Tsukuba Faculty
KUBS International Joins Networking Session with Tsukuba Faculty On October 10, a group of ten professors from the Graduate School of Business Sciences, MBA Program in International Business at the University of Tsukuba, which is Japan’s national university, visited Korea University Business School (KUBS). A total of 15 KUBS professors of International Business, including former Associate Dean Hojung Shin, welcomed the Tsukuba professors. The KUBS Student Ambassadors, KUBE, conducted a campus tour to introduce the school to the Tsukuba professors and had a small chat to break the awkward atmosphere. “I hope this session allows us to give insights and to move forward to become top universities in the world,” Professor Shin said. “It is meaningful to meet and share diverse experiences and knowledge with professors of Korean and Japanese universities that are geographically adjacent to one another,” Professor Hua Xu, who is Program Chair at the University of Tsukuba, said. “I would like to know more about the educational system of Korea’s best business school and benchmark its positive aspects.” KUBS and Tsukuba faculty delivered their lectures respectively and academically discussed about the related issues. The University of Tsukuba is a national university that produced three Nobel Prize winners (two in Physics and one in Chemistry). The university was founded in 1973, following its predecessor the Tokyo University of Education. At that time, the University of Tsukuba was the first school to give lectures in English. Under the idea of the “Pacific Rim’s College of Science and Engineering,” the university made massive investments in engineering and medicine areas. Furthermore, the “Credit Approval Policy,” which students design their own major and request for credit approval, was introduced for the first time in Japan.
KUBS Soccer Club Advances to the 63rd KU Intramural Soccer Championship
KUBS Soccer Club Advances to the 63rd Korea University Intramural Soccer Championship KUBS Soccer Club “Kyeongchuk” continues to hold onto the lead in the fall semester as well. On September 9, Kyeongchuk participated in “The 63rd Korea University Intramural Soccer Championship,” which was held at Nokgee Field, and advanced to the final round with a record of one win, one loss, and one tie. A total of 32 teams participated in the KU Intermural Soccer Championship, held annually in fall. Of all, 16 teams were qualified for the final. The final matches were scheduled from November 11 (Fri) to November 30 (Wed). Kyeongchuk’s outstanding performance stemmed from practicing every week and participating in various games. In addition, Kyeongchuk won championships in the “2016 KU Cup” and “Copa Armada.” Copa Armada is a soccer tournament playing against business schools in Seoul. “We practiced every day and have improved our teamwork and soccer skills,” said SeJin Byun (Business Administration, ’12), who is leader of Kyeongchuk. “Our team strives to produce fruitful results in the rest of the games.” Meanwhile, Kyeongchuk also competed in the “2016 Gatorade SUFA LEAGUE” and “2016 Yonsei University Intramural Soccer Tournament” as representative soccer team from Korea University.
Professional Golfer Kyung-Ju Choi Delivers Special Lecture in AMP
Professional Golfer Kyung-Ju Choi Delivers Special Lecture in AMP On October 24 at 8:15 PM, PGA professional golfer Kyung-Ju Choi, who is Chief Director of KJ Choi Foundation, delivered a special lecture in room 301 of Hyundai Motor Hall. The lecture was organized by Woo Sung Karm (82nd Batch of AMP) and lasted an hour. Choi gave a speech about his life under the theme of “Golf and Business.” He also introduced his foundation and volunteer activities. Kyung-Ju Choi, Korea’s first winner of the PGA Tour, started playing golf at the age of 17, following a suggestion from his PE teacher. “I could not have made it this far without those who spotted my talent and dream. I established a foundation to support children in hardships but filled with hopes and dreams,” Choi said, explaining his reasons for volunteering. As of now, KJ Choi Foundation supports approximately 100 children. The foundation not only supports future golf players but also offers tuition by selecting its Hope Scholarship recipients. In addition, Choi helps children by running various projects such as Dream Library, which is built inside a child care, and Charity Golf Competition. “Just as a mother bird wholeheartedly incubates its eggs in a safe nest, teens also need love and care by others in order to realize their dreams,” he said. “The world will become a better place to live when these kids grow up and share hopes to the world.” “I was truly intrigued by Choi’s candid story,” Student President Byung Taek Shim (82nd Batch of AMP) said. “I was also inspired by his foundation activities to nurture promising golf players.”
Special Lecture by Professionals from Diverse Fields
Special Lecture in “Understanding Business Administration” Course Special Lecture by Professionals from Diverse Fields As part of the course curriculum, the “CEO Special Lecture Series” was held by Korea University Business School (KUBS). △Zara Retail Korea CEO Bong-jin Lee, △SAS Korea CEO Sungsik Cho, △Macquarie Group of Companies, Korea Executive Director John Walker, and △Philips Korea CEO Dominique Oh attended as a guest speaker and hosted four special lectures. Each guest speaker explained the most up-to-date business issues in their field to enhance the students’ understanding of industry. Zara Retail Korea CEO Bong-jin Lee On September 7, Bong-jin Lee, CEO of Zara Retail Korea, delivered a special lecture on “The Fast Fashion Leader, INDITEX.” CEO Lee introduced fashion trends, while emphasizing that fast fashion will lead the fashion industry. Fast fashion, which is a contemporary term used by retailers, quickly captures current fashion trends, rapidly produces, and delivers products. INDITEX Group is a Spanish multinational clothing retailer that owns Zara. SAS Korea CEO Sungsik Cho On September 21, Sungsik Cho, CEO of SAS Korea, gave a special lecture on “Why Analytics Matter.” CEO Cho stressed that students must be able to analyze business assignments and develop a strategy based on industry conditions. SAS Korea is a multinational developer of analytics software. Macquarie Group of Companies, Korea Executive Director John Walker On October 12, John Walker, Executive Director of Macquarie Group of Companies, Korea, hosted a special lecture titled “Building Financial Businesses in New Markets.” On November 2, Dominique Oh, CEO of Philips Korea, presented a special lecture on “Becoming a Global Leader.” Philips Korea CEO Dominique Oh “The lectures were extremely helpful as the guest speakers from diverse fields do not merely introduce their companies but also explained the overall industry.” said Seyeon Hwang (Business Administration, ’16) who is taking the Understanding Business Administration course. “The guest speakers also gave us advice on how to behave in society and plan for my future.” In the meantime, the course “Understanding Business Administration” provides an overview of business administration and also covers the unique features of seven specialized areas (Marketing, Management, Accounting, Finance, LSOM, MIS, and International Business). The course aims to help students understand the overall fundamentals of business administration. This is a mandatory course for new students. Faculty from each area delivers a lecture on the features and research trends of the areas, allowing students to have a more comprehensive understanding of business administration.
A Look Back at the History of the Best Business School
A Look Back at the History of the Best Business School THE FIRST and THE BEST: KUBS History Korea University Business School (KUBS) has always been referred as “The First and The Best.” This is because KUBS is a pioneer breaking new grounds in business education. The business school does not stay complacent but push the boundaries of what is possible. The First Business Education in Korea KUBS introduced business education for the first time in Korea. When Korea was deprived of its sovereignty due to Eulsa Treaty in 1905, Bosung College, the predecessor of Korea University, was founded with prayers to save the nation through education. Bosung College started with two departments which are the Department of Plutology and the Department of Law. Plutology, the study of asset management, evolved into Commerce and later became Business Administration. Of the numerous departments at Korea University, KUBS is, indeed, the hub. Until Yonhi College, the predecessor of Yonsei University, was founded and developed the Department of Commerce in 1917, Korea University was the only school in the nation that nurtured business leaders. And that is the reason why KUBS has been known as the cornerstone in business education in Korea. In addition, KUBS was the first to introduce modern western business education to Korea. In 1937, the nation’s first “Business Economics” course was offered by KUBS. The course, which was derived from German business education, was innovative in Korean business education at that time. As Bosung College expended to a university in 1946, Korea University established the Department of Commerce. In 1952, the Korea’s first Master’s degree in Commerce was conferred to the genius business scholar Byung Wook Yoon who passed away prematurely. The “Business Economics Journal,” the first academic journal, has been published since 1953. Of course, Korea University was the first to launch the department that is almost similar to the today’s Department of Business Administration. The Department of Business Administration was officially founded in 1955, four years prior to the establishment of Yonsei School of Business Institute for Business Research & Education, Origin of Research-oriented Academic Traditions The Institute for Business Research & Education (IBRE), the first research institute in the nation, was established in 1958. IBRE is being recognized as the origin of today’s institutes as its accomplishments and operating systems have widely distributed to academia and companies. Up to this day, the IBRE’s business condition survey, which was conducted on 2500 stores in 1959, is well-known as an exemplary model for site analysis. IBRE issued KU Business Journal in December 2016. Under the slogan of “Company Success and Economic Development,” the journal has contributed to increase in company productivity by introducing new theories to industrial sites. Korea’s First Professional Graduate School of Business The history of graduate business schools started from Korea University as well. The university launched a “Business School” and admitted the first new students in January 1963. The establishment of KUBS is still recognized as an excellent insight into pioneering the future. Following the Education Reform Program by the Korean government, the Graduate School of Business changed to Korea University Business School (consisting of MS, PhD, and MBA programs) as of September 2006. KUBS was ranked No. 1 for five consecutive years from 2007 to 2011 in the government project “BK21 Plus,” which was evaluated based on faculty, program excellence, infrastructures, etc. Among the SKY (the three most prestigious universities in Korea: Seoul National University, Korea University, and Yonsei University), KUBS was the only business school to be selected for the large-scale project of “BK21 Plus” in 2014. KUBS Continues Its Reputation for Being the First and the Best The reputation for being the first and best is still ongoing. The achievements such as global internship, appointment of international faculty and women professors, launch of Business Forum, and the establishment of Video Education Center and Asian Institute of Corporate Governance, were accomplished by KUBS for the first time. KUBS was the first in the nation to earn AACSB accreditation from the American Association of Collegiate Schools of Business (AACSB) and EQUIS (EFMD Quality Improvement System) accreditation from the European Foundation for Management Development (EFMD) in 2005 and 2007, respectively. In addition, KUBS was the first domestic business school to earn its first five-year reaccreditation for both AACSB and EQUIS in 2010 and succeeded in renewing its second five-year re-accreditation in 2015 as well. Furthermore, KUBS reaffirmed its world-class standing by becoming a full academic member of the CEMS Global Alliance — an exclusive group of academic and corporate members where only the single best business school per nation is granted membership. While staying on the top, KUBS has been producing a large number of intellectuals trailblazing the future over the past 111 years. KUBS strives to become a pioneer writing a new history in the 21st century.
Mentoring Day with KUBS Alumni
Alumni Mentoring Day by Career Hub Mentoring Day with KUBS Alumni Marking its 10th anniversary, the Fall 2016 Alumni Mentoring Day was held on October 26 at 7:00 PM in Ahn Young Il Hall of the LG-POSCO Building. In the event, former KUBS Associate Dean Hosun Rhim, 27 KUBS students, and 9 alumni mentors from the various fields, such as △ accounting, △public institutions, △finance, △services, △consulting, △manufacturing, made a presence. The Alumni Mentoring Day, hosted by Career Hub every semester, is a mentoring program for KUBS students matching with graduates. KUBS students can apply for the mentoring program through the KUBS website each semester. Participating students (2nd through 4th year students) will be paired up with alumni working in the field the student is hoping to pursue, so that they can receive career counseling as well as practical advice on job market. In the event, alumnus Jong Bae Park (Business Administration, ’79) has received a letter of appreciation and alumnus Sang Gil Jeon (Business Administration, ’83) has received a letter of appointment as the delegate of mentors. “No matter what time period we are living in, it is important to question and be concerned about society,” alumnus Jeon said. “Since Business is a study that analyzes the current world trends, I hope KUBS students can go through various experiences.” After introducing the alumni, the mentoring event began, and students asked questions about the job market to alumni. “My mentor, alumnus Young Dae Kim, gave us promotional products from his company and explained the marketing process in detail,” said JiHyeon Lee (Business Administration, ‘14) who attended as a mentee. “It was a meaningful time because I could see how the theories I learned from school are applied in real marketing scenes.” Meanwhile, Career Hub provides an opportunity for students to meet with graduates and exchange information through the alumni mentoring program for one year. Students can apply for the mentoring program in May via KUBS website. A total of 48 alumni mentors and 124 KUBS students have participated in the 2016 Alumni Mentoring Day.
Panel Talk with Alumni Passing Civil Service Exam
KUBS Career Hub: Career Discovery Panel Talk with Alumni Passing Civil Service Exam KUBS Career Hub hosted the four sessions of “Alumni Panel Talk” for a month in November (△3rd, △10th, △17th, and △24th). Around 60 students participated in the event designed for those preparing for the National Civil Service Examination. The event was held in LG-POSCO Building on November 10 (Thu). The following civil servants attended the events as panels: Alumnus Gug-hyun Im (Political Sciences, ’00), alumnus Tae-Hyoung Moon (Business Administration, ’08), alumna Chaeyeon Yu (International Studies, ’11), alumnus Donghyun Jung (Business Administration, ’10), alumnus Nuri Jeon (Business Administration, ’11), and alumnus Yeonjae Yoo (Business Administration, ’09). The event had an FAQ session followed by a Q&A session. The fraquently asked questions were prepared in advance based on the survey provided by Career Hub. The students also asked questions about the panels’ motivation for applying for the position and their study life. Alumnus Yeonjae Yoo, who is a chief of Takmajeong (KUBS Civil Service Exam Prep Class), decided to work as a civil servant after conducting a project, which helps female homeless people, at Enactus. “Issues we are facing is a social problem, not an individual problem,” Alumnus Yoo said. “Because there were not many things I could do as a student, I wanted to take a civil service position so that I can change our society.” The alumni shared their own experience including study tips for each division of the exam. “There was a time I could not understand some of my study materials even after taking online courses because I lacked fundamentals,” Alumnus Nuri Jeon said. He recommended the students to understand the basics through textbooks. “Understanding logics with textbooks may sound inefficient but it is actually helpful in the long term,” Alumnus Tae-Hyoung Moon said. The questions on lifestyle and study location were raised as well. “It is important to discover yourself first and then find the most appropriate routine and place to study,” the alumni said while talking about failures. “In the beginning, I was obsessed with the number of hours I spent studying,” alumna Chaeyeon Yu said. “But later, I strived to improve my study skills by taking sufficient break time. The students also showed a great interest in Takmajeong. The alumni said the advantages of Takmajeong are that students can concentrate on their school work and the Civil Service Exam simultaneously, can be motivated to study, and reduce their financial burden. “As you have started with ambition, never give up until you achieve your goal,” the alumni encouraged at the end of the event.
Building Worldwide Networks and Hands-on Training at Global Company
Global Internship Program Building Worldwide Networks and Hands-on Training at Global Company Korea University Business School (KUBS) started the first international internship program in Korea in 1994 and has been offering students the opportunities to experience hands-on training at companies all over the world. The KUBS Global Internship Program, which is the largest among Korean colleges, is an internship training program to nurture students into global leaders. Students can experience international business and corporate culture through the International Academic Collaboration Program. Students will be placed in foreign branches of domestic companies, multinational corporations, or overseas companies running by KUBS alumni for four to eight weeks to hone their global perspectives. In addition, students are being sent to overseas companies such as △Woori America Bank, △CJ China, △LG Electronics Canada, △HSBC Bank, △General Electric, and △Bloomberg. Recently, the scope of the internship has been widened to include international organizations such as UNEP and UNESCO. As of 2016, KUBS has sent thousands of students, and they have experienced at hundreds of companies. Some KUBS students successfully landed a full-time job offer after the Global Internship Program. The program leads to overseas employment as well. Not only that, the participants have said that the program has helped them raise global perspectives by participating in the local business site and undergoing various research projects. The KUBS International Office, which supports the Global Internship Program, educates students the culture and manners of the visiting countries. Students not only learn business etiquette and precautions through the pre-departure orientation session but also learn prevention of sexual harassment from the Gender Equality Center. Any students who have completed at least four semesters at Korea University Business School are eligible to apply for the Global Internship Program. The final applicants will be selected based on their GPA, language proficiency, interview, responsibilities, and passion for international business. The selected students will be interning for a minimum of four weeks at a company that signed an internship agreement with KUBS. Moreover, three credits of “International Internship Practice” for the summer term will be granted to the participating students. Although students are responsible for internship expenses including airfare, KUBS partially supports scholarships depending on the students’ financial need. Some companies offer accommodations and meals to the students. Further information on the program can be found by visiting the KUBS website or contacting KUBS International Office (02-3290-5361). How to Prepare for Global Internship Program Application Companies recruiting interns normally request a resume (C.V.) and cover letter. A resume is one page summary of an applicant’s activities such as education and internship experience. It is important not to exceed one page because recruiters may think the applicant is unable to express oneself concisely. A cover letter is a tool to launch oneself to prospective employer. The applicant must explain the reasons for applying for an internship and how does the position fit in with his career path. When writing a cover letter for the Global Internship Program, the applicant must include his aptitude and career goal instead of vaguely saying that the company is renowned. Interview After the application screening process, an in-person or phone interview will be held. The applicant should make effort to have an interview on the day that the company has scheduled. If one is unable to have an interview on the assigned date, he must let the company know the reason. When conducting a phone interview, one must choose a quite area where noise is at minimum. Recently, competency based interviews (CBI) are becoming increasingly popular. Thus, preparing answers for expected interview questions ahead of time is a wise idea. Other Tips Aside from the internship program provided by KUBS, there are various ways that students can discover other internship opportunities at overseas companies. The most inexpensive way is applying for a summer internship program offered by overseas companies. Students can easily find internship information, including Interview Tips, Recommended Reading, How to Submit Documents, and more, by visiting companies’ websites. After internship opportunities are posted, overseas companies conduct an interview and selection process much faster than Korean companies. For instance, if an internship opportunity is announced in September or October, applications will be accepted until November or December and then successful candidates will be finalized in February or March.
Global KUBS: Worldwide Exchange with 109 Universities
Student Exchange Program Global KUBS: Worldwide Exchange with 109 Universitie Throughout the past three years, there have been a total of 836 international students enrolling at Korea University Business School (KUBS). The number of new undergraduate international students has doubled (△77 freshmen in 2014, △ 100 freshmen in 2015, and △41 freshmen in 2016). There has also been an increase in the number of international students in graduate level. Each year since 2014, around 38 international students are matriculating at KUBS. Also, the Graduate School had an increase from 7 international students in 2014 to 15 international students in 2016. The number of incoming exchange students follows the trend as well. More than 100 students have studied abroad at KUBS (△171 students in 2014, △152 students in 2015, △185 students in 2016). KUBS is acknowledged by world-renowned scholars based on the various indexes certified by institutes with authorities such as UTD Rankings, EMBA World Rankings and more. Befitting its reputation, KUBS has college-level exchange agreements with business schools all around the world. The exchange program is operated independently aside from Korea University Office of International Affairs. Students have the opportunity to broaden their experience by interacting with international students at overseas universities. One of the advantages of the KUBS Student Exchange Program is that students will be considered enrolling at KUBS during their exchange period and they can also transfer course credits earned from partner universities. In addition, due to agreements with the partner universities, students are only required to pay tuition at KUBS, which reduce time and financial burden compared to other visiting student programs or general study abroad. KUBS also partially supports airfare scholarship depending on the student’s financial need. The program participants are selected through application screening and interview. The eligibilities for the Student Exchange Program are as follows: KUBS students, including those who are in the dual degree program, who have a cumulative GPA of 3.0 or higher in the last two semesters (summer/winter semester excluded). Students in their last semester, double majors, minors are unable to apply for the program. Although English proficiency test scores are not mandatory, certain partner universities may request it. Therefore, it is important to check requirements and prepare for them ahead of time. In addition, students can extend their exchange period except universities in English-speaking countries. The selection process is done each semester, and orientation sessions for successful applicants are held in March and September. As part of preliminary preparation for the program, students must complete “Gender Equality Education” and “Contemporary Business Etiquette Education” provided by KUBS Career Hub. As of Spring 2016, KUBS has exchange agreements with 109 universities from 33 countries and sends out about 180 students each year. KUBS continuously make new agreements in order to help students become a global leader. Further details can be found on the KUBS website and also by contacting the manager of the KUBS Student Exchange Program (02-3290-1389).
178 Students Awarded Scholarships in Fall Term
178 Students Awarded Scholarships in Fall Term On October 20 at 7:00 PM, the Fall 2016 KUBS Scholarship Awards Ceremony was held at Ahn Young Il Hall in LG-POSCO Building. At the ceremony, former KUBS Dean Dong-One Kim, former Associate Dean Hosun Rhim, and donors, including Cheon-gu Heo (president of KOSAC), Deok-hee Cho (vice president of Small Rock Investment), Jae Joong Shim (vice president of KUBS Alumni Association), Kwang Soo Seo (Management Committee Member of Chung Pyung Hwa Fashion Mall), Seung Hyun Lee (CEO of INFAC), Junghee Shim (Director of Chongjo Clean Tech), Jong Kyun Yoo (Managing Director of KCC Corporation), Jaebeom Kim (vice CEO of Taurus Investment Management), Gyojin Kang (CEO of Ilsung Resort), KUBS professor Kwanho Suk, Jong Yoon Chae (Director of Heemin Capital), and 130 scholarship recipients were present. The ceremony began with the welcoming remarks by Dean Kim followed by the presentation of scholarship certificates and dinner with donors and students. Then, the guest’s welcoming remarks, student representative’s thank you speech, and a commemorative photo shoot were held. KUBS offered a total of 37 scholarship funds this semester and granted to 178 KUBS students: △KUBS Dream Scholarship (41 students), △Future Scholarship (43 students), △Soam Scholarship (12 students), △Freshmen Special Scholarship (9 students), △J. K. Huh Foundation Scholarship (7 students), △Yang Young Foundation Scholarship (7 students), △Kowon Shimwoo Foundation Scholarship (6 students), △81st Batch of AMP Scholarship (6 students), etc. “As a KUBS student who will grace our school in the future, remember this scholarship you received today. KUBS will support you for your development,” Dean Dong-One Kim said in his welcoming remarks. After the presentation of scholarship certificates, the guest’s welcoming remarks continued. “A true entrepreneur satisfies customers by providing high quality products and services,” KOSAC president Cheon-gu Heo said. “As I am receiving this scholarship, I am wondering how can I proudly stand in front of the donors,” said Hankyul Joo (Business Administration, ’11), who received an 81st Batch of AMP Scholarship. “In order to become a donor contributing to society and the nation, I have been working on my studies and business simultaneously since my freshman year.” A total of 178 students were awarded scholarships, totaling 450 billion won, through the 37 scholarship funds. As of now, the percentage of students receiving scholarships including both △internal scholarships and △external scholarships, is 69.3% (scholarship overlap counted). KUBS Scholarships
Fall 2016 Faculty-Student Meeting Day, “Sharing Academic Concerns with Mentor Professors”
Fall Term Faculty-Student Meeting Day “Sharing Academic Concerns with Mentor Professors” The Fall 2016 KUBS Faculty-Student Meeting Day was held on the 10th, 13th, and 14th of October for three days in Ahn Young Il Hall of LG-POSCO Building. A total of 64 professors and 495 students attended the event. Each professor was assigned up to eight students, and they had a group mentoring session, where students can discuss about their studies and career, while having lunch provided by Korea University Business School (KUBS). The participating students not only shared their lives and concerns with the professors but also with the students who sat next to each other. The international students also participated in the event as a mentee and made it more engaging. “I attended the KUBS Faculty-Student Meeting Day because of concerns about my future career and I was able to receive advice from my professor,” said Sang Wook Lee (Business Administration, ’13), who attended the event on the 14th. “It was great to talk about various issues and share information with other students who were mentees of the same professor.” The KUBS Faculty-Student Meeting Day allows students to meet with a mentor professor and discuss about their studies and career plans. The event is organized each semester in order to motivate students with their academic success, as well as developing a rapport and relationship with professors. The event, which began in 2011, has demonstrated a high level of satisfaction from students and settled down as one of the representative KUBS mentoring programs. In the meantime, 1,026 KUBS students were present at the Faculty-Student Meeting Day last year and interacted with their professors.
The Best and Largest Faculty in Korea
Introduction to KUBS Faculty The Best and Largest Faculty in Korea Korea University Business School (KUBS) prides itself for having the best faculty in Korea. As of Fall 2016, KUBS has a total of 123 members of the professoriate faculty, including 86 full-time professors, 17 invited professors, 5 adjunct professors, 4 international joint appointment professors, and 7 research professors. This is the largest faculty size among Korean colleges. KUBS offers seven areas of study: △Management, △International Business, △Marketing, △Finance, △Accounting, △LSOM, and △MIS. The KUBS faculty consists of scholars who earned their doctorate degrees from the most prestigious business schools from all over the world, such as Harvard University (2 professors), University of Pennsylvania Warton School (3 professors), Stanford University (4 professors), MIT (1 professor), University of Oxford (1 professor), University of Cambridge (1 professor), Cornell University (1 professor), and Columbia University (2 professors). KUBS annually appoints more than one new professor (△2 professors in 2012, △3 professors in 2013, △2 professors in 2014, △1 professor in 2016) to maintain its outstanding faculty. In addition, the KUBS faculty has been demonstrating remarkable research performance while constantly publishing their papers not only in Korean journals but also in world-renowned journals. In the Business & Economics subject area of the “THE World University Rankings 2016-2017 by Subject,” KUBS is the one and only university in Korea to be named within the top 100, being 76th in the world. At the same time, the business school placed 97th worldwide and 1st in Korea in the Economics and Business subject area of the “2017 Best Global Universities Rankings.” Moreover, KUBS ranked 77th in the world (as of September), which is the highest in Korea, in the “SSRN Top 100 Business School Rankings.” Not only that, the KUBS faculty has been leading the field of business administration by taking executive roles in academic societies. Professor DaeSoo Kim (LSOM) is president of the Korean Production & Operations Management Society and the Korea Association of Procurement and Supply Management. Professor Kwangtae Park (LSOM) serves as president of the Korean Association of Small Business Studies. Professor Sang Yong Kim (Marketing) has been elected as the next president of the Korean Marketing Association and will serve a two-year term, effective April 2017.