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 Startup Institute MOU with Center for Law & Creativity at School of Law
KUBS Startup Institute MOU with Center for Law & Creativity at School of Law On October 16th (Tue), the Startup Institute at Korea University Business School (Dean Soo Young Kwon) signed the MOU with the Center for Law & Creativity (Director Myoung Soon-Koo) at Korea University School of Law. Established in September 2016, KUBS Startup Institute now has a total of 38 resident startup teams which consist of 250 members. Last August, the institute underwent business valuation where its estimated worth was 23.2 billion won. It is an exceptional valuation given that the majority of students at startups are from science or engineering major, unlike the majority of business administration major students at KUBS Startup Institute. Another remarkable fact about KUBS Startup Institute is that it was founded by private financial supports. The donations of 2 billion and 1.5 billion won respectively by Sang Il Lee, Chairman of Iljin Group and Myung-Ho Seung, Chairman of Dongwha Group made it possible to establish KUBS Startup Institute. In addition to that, further donations from alumni led to more than 10-billion-won fund for the institute. Moreover, entry is open to anyone who is interested in a startup business; it is not restricted to KU students, as long as a team has at least one KUBS student. That openness brought synergy to the teams. The Center for Law & Creativity is located in Seocho-dong, which is an area that law offices are densely populated. The center is established by the School of Law to provide support for lawyers who start a law firm. The center had an opening ceremony on October 2nd (Tue) at Yoo-Joong Building, Bangbae-dong, Seocho-gu. Entry into the Center for Law & Creativity is open to teams of three to six lawyers, as long as at least one member graduated from Korea University School of Law. All members must be certified lawyers. The center provides office space to the admitted teams, offering a range of assistance for two years to encourage the teams to be venture law firms. Celebrating the establishment of the center, KUBS Startup Institute signed the MOU to share their two years’ experience and tips to the Center for Law & Creativity. Both agreed to provide consultations and exchange professional knowledge through joint researches and academic conferences.
Information Session for the 2019 Winter Global Internship – Application Closes on Oct 31 (Wed)
Information Session for the 2019 Winter Global Internship Application Closes on Oct 31 (Wed) KUBS opened an information session for the 2019 Winter International Internship on October 10th (Wed) at Room 218, LG-POSCO Building. The session was organized by KUBS International Office, where 15 students attended to hear about detailed information about the internship application. The session went through application period, eligibility, selection criteria, how to apply, followed by Q&A. The selection is based on △GPA of the last two semesters △English proficiency test score (optional) △English(Chinese) Interview △Interview in Korean △weighted score for students completed regional studies △weighted score for extracurricular activities. If a student would like to apply for an internship in China, s/he is not required to submit the English proficiency test score nor s/he does not have to attend the English interview. Instead, the student is required to attend a Chinese interview. Any KUBS students who completed more than four semesters may apply for the internship. However, students who are enrolled in the last semester of their degree are not allowed to make the application. Their participation in the internship will be approved as the completion of three to six credit hours of ‘International Internship Practice’ courses. The application must be made until October 31st (Wed). Interviews will be held on November 6th (Tue), followed by the selection of preferred companies on November 15th (Thu). Applicants may select up to three companies they prefer to participate in. The list of currently available companies that KUBS students can participate in as an intern is △OKTA LA Branch △LG Electronics in Spain, Russia, and Canada △Pulmuone Beijing △PT Pratama Abadi △Entrust Permal Hong Kong. Ms. Yoon Young Kim from KUBS International Office commented that “the communication is still ongoing; the list will be updated. So I highly recommend you proceed with the application even if you do not see your preferred company on the list yet.” KUBS international internship program was commenced in 1994. It is the first international internship program in Korea, which was designed to encourage students’ global experience. In 1994, 32 students participated in the program, and each year around 30 students went aboard for their internship experience to more than 15 countries in the world. So far, a total of 1970 students participated in the internship at 500 organizations across the world. If you have inquiries, you may contact via open chat on KakaoTalk (‘KUBS Global Internship’, code: 5363). You may also refer to the KUBS official website or contact KUBS International Office (02-3290-5363).
[KUBS Ladies Special Lecture] “The Importance of Nonverbal Communication” Professor Eun-kyung Shin
[KUBS Ladies Special Lecture] “The Importance of Nonverbal Communication” Professor Eun-kyung Shin KUBS invited Professor Eun-kyung Shin, former KBS announcer for KUBS Ladies guest lecture. Professor Shin’s lecture on <Successful Leadership Communication Skills>. Professor Eun-kyung Shin is from Department of Health & Strategic Communication at Cha University, and she was an announcer of KBS Nine O’clock News from 1981 to 1992. Professor Shin emphasized Challenge, Change, and Change. She explained, “We need to challenge ourselves so that it brings chances, that will potentially change ourselves.” “This lecture is a great example. You all made a choice to come to this lecture; you challenged yourself. And that brought you the chance to communicate with me.” Professor Shin added, “nonverbal communication such as a simple nodding is very important.” Professor Shin also discussed △what is success △what is challenge △who am I △what is your goal in your life. Things do not happen in one day; you need to make an effort step by step. In addition, Professor Shin encouraged the audience that there is always a good end after the long dark tunnel. You need to be resilient to rebound from a failure. Professor Shin also highlighted the importance of good-listening. “Always ask yourself if you are a good-listener.” “Good-listening involves nonverbal communication such as eye contact and body language,” she added. ‘KUBS Ladies’ is KUBS’s female students and alumni network. Established in 2012, KUBS Ladies has its executive body ‘Blossom’ who opens social events to encourage them to be future leaders.
Woot & D&I PARVIS at KUBS Startup Institute Attended ‘Grow with GS x KITA Startup Gathering’
Woot & D&I PARVIS at KUBS Startup Institute Attended ‘Grow with GS x KITA Startup Gathering’ On October 2nd (Tue), two teams at KUBS Startup Institute, Woot & D&I PARVIS attended ‘Grow with GS x KITA Startup Gathering (GWG)’ held at COEX, Grand Ballroom. GWG is a venture networking program that is designed for major corporations and startup teams to share their tips and thoughts on business success, for a potential synergy between them. GWC is co-hosted by GS Home Shopping and KITA (Korea International Trade Association), which provides a range of learning opportunities such as case studies. Commenced in September 2015, the event is held every quarter. ▲(From the left) Director of KUBS Startup Institute Hicheon Kim, CEO of Woot Junehye Park, Dean of KUBS Soo Young Kwon, Senior vice president at GS Homeshopping Won-Sik Kim ‘Woot’ is one of the teams at KUBS Startup Institute, which provides micro-community service for single-person households. The social network service set a community block consists of around 3,000 single-person households so that they can access and share useful information for everyday living. The service is designed to resolve the problems of single-person households, to encourage communication between them and to form functional areas of business. ▲ COO of Woot Ki-Kyung Hong (left), CEO of Woot Junehye Park (right) ‘D&I PARVIS’ was also a resident team at KUBS Startup Institute, which is a leading technology research report service business based on big data and machine learning. In particular, the service assists patent application procedures which were often considered as a barrier to making the application. The service aims at an easier access to the patent application by offering the most updated AI service to its users. ▲CEO of D&I PARVIS Sang-Joon Park Dean Soo Young Kwon attended the GWG event to encourage the two startup teams: one of the 3rd startup teams ‘D&I PARVIS’ and one of the 4th startup teams ‘Woot’. Dean Kwon said, “I am proud of what KUBS Startup Institute has achieved within two years since its establishment. The institute now represents entrepreneurship and innovation, as can be seen from its remarkable performance.” In addition, Dean Kwon encouraged the participants that hopefully their success will bring further improvement of other teams at the Startup Institute so that one day the School will be capable of holding the event on campus at LG-POSCO Building. Director Hicheon Kim also commented that “It is such an honor for the KUBS startup teams to attend such big event. The two teams’ progress will inspire other teams at the startup institute.” CEO of Woot Junehye Park (Business ’11) said, “It is a great honor to be a part of the event, getting to meet and actually speak with managers at GS Group and venture capital firms. I am hopeful that this event will be a great start of launching a Woot mobile application.” CEO of D&I PARVIS Sang-Joon Park (Mechanical Engineering ‘14) also said, “I had priceless feedbacks from clients today. Based on the comments I received today I will be able to improve my team’s beta testing.” ▲ (From the left) Senior vice president at GS Homeshopping Hoon-Sang Kim, Director of KUBS Startup Institute Hicheon Kim, Executive vice president at GS Homeshopping Young-Hoon Park, Dean of KUBS Soo Young Kwon, COO of Woot Ki-Kyung Hong Established in September 2016, Korea University Business School’s Startup Institute provides a range of education sessions, which is designed to achieve ‘a platform of entrepreneurship and innovation’. The institute offers various programs for future entrepreneurs to share their thoughts. The entry to Startup Institute is open via startup competition ‘Startup Express’ held every quarter. Since its establishment, the institute had a total of 38 startup teams.
[Startup Lecture Series] “Venture Is a Lot About Entrepreneurs - What Investors Look for” - Dae-Young Kim, CEO of KNET Investment Partners
[Startup Lecture Series] “Venture Is a Lot About Entrepreneurs - What Investors Look for” - Dae-Young Kim, CEO of KNET Investment Partners On October 2nd (Tue), KUBS Startup Institute invited Dae-Young Kim, CEO of KNET Investment Partners for a guest lecture on ‘Invest in Venture Business and Value-Up’ at KUBS Startup Station, level 2 of KUBS Main Building. Dae-Young Kim is also an invited professor at Sungkyunkwan University Business School. Mr. Kim ran his lecture with three main parts which are △venture capital △factors determining investment in venture business △entrepreneurship △successful and unsuccessful case studies of value-up. Mr. Kim first explained that venture business and capital, as well as the cycle of recovery market. “Hypothetically, if venture capital was invested in 10 venture businesses, seven of them will go broke. That gives you the loss of seven billion won.” “However, out of the ten, three businesses will survive. And their return is five times the investment.” He continued, “Five times three billion gives us 15 billion won. And if we subtract the amount of the initial investment, 10 billion, it leaves us five billion. So after all, the capital gain is five billion won.” He shared a positive evaluation of the current investment trends by saying that “the total amount of investment is about 30 trillion, and the number of new venture associations is drastically increasing as well.” Nevertheless, he acknowledged that “it is important to have at least three years of professional experience prior to being a venture capitalist. I don’t think it is a good idea to be a venture capitalist straight after the graduation.” “Although, I know few people who were in charge of investment at a venture capital, and then employed at the company.” Above all other things, he emphasized the importance of who the entrepreneurs are. One of the audience asked “which team he liked the most”, and he replied that “In the end, you make the investment in person. Investors are interested in the integrity or authenticity of the entrepreneurs or the idea they are trying to deliver, not the technological advance of a business.” “Because that’s critical in your business after all” he added. Each semester, KUBS Startup Institute holds practice-based lecture series ‘Lecture on Demand’ and ‘Startup Lecture Series’ about 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.
2018 Korea-Yonsei University Championships ‘Ko-Yon Jeon’
2018 Korea-Yonsei University Championships ‘Ko-Yon Jeon’ ‘2018 Korea-Yonsei University Championships (Ko-Yon Jeon)’ ended with the winning of Yonsei University. Korea University's final record is 1 wins 1 divided 3 losses. Last year, Korea University lost to Yonsei University for the first time in seven years. Despite the expectation to wipe out the disgrace of former defeat, Yonsei University again won the championships. Korea University's championship record so far is 18 wins, 20 losses and 10 ties. In fact, for the first time since the commencement of Ko-Yon Jeon, the baseball game was canceled due to weather condition. Earlier on, its opening ceremony was delayed 40 minutes due to typhoon Kong-Rey. It was raining from the early morning and there were concerns that the condition would be worse. Unfortunately the weather condition deteriorated, resulting in the cancellation of the baseball game. Instead, Korea University baseball team performed a baseball slide for the audience who were looking forward to the game. The basketball game was held in the afternoon, where Korea University defeated 69 to 72 in spite of KU’s winnings on earlier official annual matches. Throughout the four quarters, the two teams played a tight match. From the start of the first quarter, it was quite tense as four key players drew the foul. Nevertheless, the first quarter points were even, thanks to great plays by Jun-Young Park (PE ‘15) and Jeong-Hyun Park (PE ’16). Although freshmen players turned the game around in the second quarter, Yonsei University team again dominated the game in the third quarter with a three-pointer by Mu-Seong Kim. KU team deployed key players who are 3rd or 4th-year students to stabilize defense strategies accordingly. However, as Mu-Seong Kim again shot a three-pointer at the end of the fourth quarter, the game ended in a tie. Ice hockey won a dramatic reversal of 2 to 1 after a close battle. Although KU ice hockey team played a series of attacks in the first period, Yonsei University team was not an easy opponent. At the start of the second period, the tension was increased by both teams's playing to score the first goal. Unfortunately, Yonsei University team was winning with the first goal by Ji-Hyun Cho. KU ice hockey team seemed to be losing, but KU goalkeeper Hyun-Seop Shim (PE’16) put up a good defense, preventing further lost point in the second period. At the end of the third quarter, KU team scored a goal by Jae-Hee Lee (PE’16). It was a turning point scored on a minute and 53 seconds before the end of the quarter. KU team scored another goal eight seconds before the whistle blow, bringing the winning after four years of defeat. During the following rugby match, KU rugby team was not very lucky, making a knock on and lineouts. KU team lost the game with a score of 15 to 31. During the first half, Min-Ki Son (PE’16) made a successful penalty kick. Although KU team scored three points, Yonsei University made a big gap scoring 19 points. During the second half, Young-Hwan Kim from Yonsei University team succeeded try, followed by Hyun-Min Shin’s successful conversion kick. As Hyun-Soo Lee from Yonsei University team made another successful try, the opponent scored a total of 31 points. Even though players from KU team, Min-Ki Son (PE’16) and Kyung-Hwan Lee (PE‘15) performed outstanding plays of try, conversion kick (second half, 15 min) and another try at in-goal line (second half, 27 min), KU team was not able to catch up the opponent, resulting in the final score of 15:31. The final game of the championship was a soccer match, where KU team suffered a reversal of winning with the final score of 1:2. During the first half, Jae-Won Shin (PE’17) made the first goal after a strong shooting. However, Tae-Woong Yoon from the opponent shot a tie goal in the second half, making it a tight match. After 20 minutes in the second half, players seemed exhausted. There were missed passes and the ball dominance switched frequently. After all, Yonsei University team’s aggressive attacks failed KU team’s defensive strategies. Seung-Woon Ha from Yonsei University scored another goal 24 minutes after the second half, bringing the winning of the opponent. After the championships closed, one of the audience Min-Jung Kang (Business’14) commented that “No matter which university won the championship, it was a very inclusive festival that brought together students and alumni from both universities. Regardless of where you are from, I am sure that all of the participants were able to enjoy this big event thanks to the players who did their best in spite of the weather condition.”
Ceremony for Completion of 7th KUBE & Commencement of 9th KUBE
The Ceremony for Completion of the 7th KUBE & Commencement of the 9th KUBE On October 1st, KUBS Student Ambassador ‘KUBE’ welcomed their new members at Room 301, LG-POSCO Building. The ceremony had 16 attendants in total. Dean Soo Young Kwon and staffs from the KUBS Public Relations Office attended the event to welcome new KUBS Student Ambassadors and thank the 7th KUBE students for their contribution. The event was hosted by the president of 8th KUBE, Ho-Joong Lee (Business’13), and vice president Soo-Min Kim (Business’18). The event commenced with a brief overview of KUBE’s objectives and responsibilities for the overall representation of the Business School. Then they briefly introduce the key activities they had in Spring 2018 such as ‘The 7th KUBS Teen Mentoring Day’. The hosts then introduced their main tasks on Fall 2018 including protocol events support, online and offline publications, and other social events for KUBS students and alumni. Dean Soo Young Kwon said, “KUBE’s contribution has improved the School’s external representation.” “I would like to thank the 7th KUBE for the hard work you made during the last year.” Dean Kwon then welcomed the 9th KUBE members, “I hope you have a good time as a KUBS student ambassador”. ▲ 7th KUBE: So-Young Jeong (Business'17), Ji-Won Park (Business'17), Yoon-Jeong Choi (Business '16), Won-Bin Kim (Business'14) KUBS Student Ambassador program, KUBE, first commenced in 2013 and revised on June 2015. The main tasks of KUBE are△ KUBS Campus Visit and Teen Gathering Day △ Teen Mentoring Day △ KUBS SNS event planning.
[Startup Lecture Series] “Flexibility and Adaptability to Change” - Beom-Soo Kim, CEO of SEMA
[Startup Lecture Series] “Flexibility and Adaptability to Change” - Beom-Soo Kim, CEO of SEMA On September 18th (Tue), KUBS Startup Institute invited Beom-Soo Kim, CEO of SEMA Translink Investment for a special lecture on ‘Working for a Startup Company’ at KUBS Startup Station, level 2 of KUBS Main Building. SEMA Translink Investment is a venture capital firm that was co-established by Translink Korea and SEMA. Beom-Soo Kim first compared Cyworld with Facebook in 2003 and 2018 respectively, suggesting that a lot has changed during the 15 years. Mr. Kim explained, “15 years ago we had Cyworld that was widely used, and now we have Facebook users all over the world.” “We need to be able to recognize the changes”, he continued, “and it is important to have international experience to understand the change that is happening in the world in depth.” Mr. Kim then emphasized the importance of ‘adaptability to the change’. That is, the ability to multitask as well as being adaptable and flexible to market changes. In addition, he advised that “Startup companies are less resilient to risks than large companies. So the former has to be much more adaptable than the latter, to remain in the market.” Mr. Kim stressed that “I know it is ironical, but here is a rule of thumb of running a startup: you cannot stay stable as you aim for stability – you will get left behind.” He continued that startups are for someone who can absorb the change. “Koreans think creatively and find an innovative solution until their thirties. But as they get promoted in their forties, that’s a different story.” “Given the market share of Korea’s large business groups, it is understandable. But obviously, it is not the best case scenario.” In the Q&A session at the end of the lecture, one of the students asked Mr. Kim of his thoughts on participation in internship programs. Mr. Kim replied, “In fact, you want to lower the expectation to improve practical skills through the internship. Nevertheless, I think it is important that you show an enthusiastic attitude, and have a concrete idea of what you would like to learn and achieve.” Each semester, KUBS Startup Institute holds practice-based lecture series ‘Lecture on Demand’ about 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.
[Lecture on Demand by Startup Institute] “The Key of Effective Startup Pitch Deck: Flow” - Seung-Il Lee, CEO of PowerPT
[Lecture on Demand by Startup Institute] “The Key of Effective Startup Pitch Deck: Flow” - Seung-Il Lee, CEO of PowerPT On September 11 (Tue), KUBS Startup Institute invited Seung-Il Lee, CEO of PowerPT for a special lecture on ‘The Key to Success in Writing IR Deck and Pitching: Penta-Flow’ at Meeting Room C, located on level 2 of KUBS Main Building. Seung-Il Lee, who is also the President of Korea Presentation Association, participated in ‘Startup IR Pitching Project’ by Foreign Start-up Incubation at the Ministry of Science and ICT. He also held lectures and consultation to organizations. This lecture was the first lecture of ‘2018-2 Lecture on Demand’ series organized by Seung Myung-Ho Center for Entrepreneurship Education. The audience of 20 from 15 startup teams at Iljin Center for Startup Incubation attended the lecture. Mr. Seung-Il Lee first suggested ‘flow’ as one of the most important presentation techniques. You need to build an efficient startup pitch deck with great flow that attracts investors. He emphasized that “In fact, what most attracts investors is perhaps not the business model itself but its message you would like to deliver - the authenticity.” “Building a story flow is therefore highly important, because you must appeal to the audience of your story within five minutes.” “After all, it is your story, rather than the business plan that investors would like to hear from you.” Mr. Lee stressed that “Remember that consumer’s decision making is not always a rational process – and so does investors’.” Seung-Il Lee also recommended a few other tips for making a compelling presentation. A presentation is more than just delivering an idea; An effective presentation involves a technique that attracts the audience’s attention. One of the ways can be asking simple questions to the audience. The questions can be thrown at the end of the presentation. Mr. Lee added that “You must take advantage of the pitch deck – you can communicate directly with the audience during the pitch. That is ‘audience flow’, which separates the pitch deck from other forms of delivering ideas.” After the lecture, one of the attendants Jin-Young Choi, development director at IoPet (KyungHee University, Architectural Engineering ’13), commented that “It was very interesting to know that it is a great idea to prepare the presentation in the consumer’s perspective, rather than investor’s.” “Other practical tips Mr. Lee gave us were also useful, too, such as making a strong impression at the end of the presentation – saying ‘Thank you’ is not enough.” Each semester, KUBS Startup Institute holds practice-based lecture series ‘Lecture on Demand’ about 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 02-3290-1699.
Students with Top Marks Celebrated at Dean's List Luncheon
Students with Top Marks Celebrated at Dean's List Luncheon Korea University Business School (Dean=Soo Young Kwon) opened a ‘Dean’s List Luncheon’ on September 14th (Fri) and 20th (Thu) at Cuckoo Hall, LG-POSCO Building. Invited by Dean Soo Young Kwon, a total of 36 scholarship winners participated in the special event. After having a brief session of sharing their stories, the attendants had a chance to share their thoughts and concerns of their study and career planning. Dean Kwon said “I know it takes a lot of work to get a 4.5 GPA. I am proud of you. And to be honest I had concerns about students, too. But I guess I didn’t have to worry, I am impressed by your thoughts on your career goals that you shared with me today. One last word of advice. Don’t forget ‘extelligence’ – it is important to broaden your thoughts in a cohesive form using information from external sources.” One of the awardees, Ji-Eun Kwon (Interdisciplinary-Business’13) commented that “this occasion is very rewarding to me which convinced me that I am on the right track.” So-Yung Jung (Business’17) also said “It was nice to meet and speak with other awardee students. It was rewarding and inspirational to know that I am not the only one.” Dean’s List Luncheon is an event designed to celebrate and encourage students with distinguished academic performance in the previous semester. In Spring 2018, a total of 44 KUBS students achieved a GPA of 4.5. Among the 44 awardees, Korea University President’s List of Academic Excellence went to 11 students who maintained their 4.5 GPA throughout two semesters since Fall 2017.
KUBS Futurum 2018 Asia Tri-Lateral Seminar
KUBS Futurum 2018 Asia Tri-Lateral Seminar KUBS Futurum Session 2 With Business Administration Scholars in Korea∙China∙Japan Academic exchange for resolutions that firms are facing On September 11th (Tue), ‘KUBS Futurum 2018 Asia Tri-lateral Seminar’ was held at Hitotsubashi University in Tokyo, Japan. The seminar was co-hosted by three universities: Korea University Business School, Peking University HSBC Business School (PHBS), Hitotsubashi University Faculty of Commerce and Management. (From left) KUBS Dean Soo Young Kwon, PHBS Dean Wen Hai, Hitotsubashi University Faculty of Commerce and Management Dean Toyohiko Hachiya The Asia Tri-lateral Seminar is the second session of ‘KUBS Futurum’, which is held in the middle of every year. The topic of the seminar was ‘Korea, China, and Japan - Innovation and Management’. In the seminar, participants first attended presentations and had a discussion afterwards. The presentation session was run by three professors: Professor Cuifen Weng from PHBS, Professor Masaru Karube from Hitotsubashi University, and Professor Pyun, Ju Hyun from KUBS. Presentations were followed by an open discussion hosted by professor Insik Jeong from KUBS and professor Fanmin Kong from PHBS. In his presentation, professor Weng focused on ‘China’s Innovation Challenge’ where he highlighted institutional factors of Chinese firms’ innovation based on empirical analysis. Professor Weng argued that “According to the empirical analysis, the government’s constraints placed on business increase the probability of a business adopting an innovative strategy. On the other hand, legal and financial constraints on business are prone to lower the probability.” The second presentation by Professor Karube from Hitotsubashi University emphasized on ‘How audit companies deal with financial statement manipulation’ with an analysis of the Toshiba Accounting Scandal in 2015. Professor Karube explained that “specialized institutions have strict control over financial reporting for the quality assurance. Penalties may apply for the expert in charge in case of audit failures.” Professor Karube continued, “There are also few resolutions for intentional fraud or in case of a weak internal control. However, it is hard to exercise control to the periphery of the market or that of core organization.” Professor Pyun, Ju Hyun from KUBS had the final presentation in the seminar where he focused on ‘Does a falling real exchange rate increases R&D investment?’ with examples of Korean firms’ internal data sources. Professor Pyun argued that “Fluctuations of exchange rates do have an impact on the level of firm’s R&D investment. However, the level of impact varies depending on firms’ internal factors.” At the end of the seminar, KUBS Dean Soo Young Kwon commented that “The Asia Tri-lateral Seminar is an academic event that allows the three universities to exchange thoughts and discuss for resolutions that firms are facing. It is also an event that the three major universities in Asia take an academic initiative in academic advancement. Thank you for your cooperation and participation in the seminar, I look forward to upcoming events.”
KUBS, Top-Ranked Business School in ‘2018 University Rankings by Korea JoongAng Daily’
KUBS, Top-Ranked Business School in ‘2018 University Rankings by Korea JoongAng Daily’ In the ‘2018 University Rankings by Korea JoongAng Daily’, Korea University's business school (Dean Soo Young Kwon) topped the list with the highest score. The combined score of 14 indicators, including professors' research performance, learning environment, and student employment rates, was remarkably high. KUBS’s diverse support to faculty members’ research performance, the number of publications to international journals has been increasing. In fact, KUBS ranked the second highest in the amount of research funds per teaching staff, and ranked the third highest in the number of international publication per teaching staff which was 1.03 per teaching staff. Moreover, not to mention the alumni’s high employment rate, the rate of maintaining their employment status was also high. The statistics demonstrate employers’ preference towards KUBS alumni. On the other hand, another area that KUBS puts emphasis on is its startup institute. Established in September 2016, KUBS Startup Institute holds a startup competition every semester to select a new batch of startup teams. Admitted teams are provided their own offices as well as a variety of education sessions held throughout the year. The performance of the teams is outstanding as well. One of the third batch of the startup teams, ‘SOVS’ topped ranked No. 1 in app store paid applications and No. 1 in camera applications. More Articles (in Korean) [중앙일보] [2018 대학평가]남녀 취업률 분리해 반영, 저서·번역서 포함해 세부 평가 [중앙일보] [경영학]학생 스타트업 산실 고려대 … 글로벌 뱅커 키우는 이화여대 [중앙일보] [2018 대학평가]경희대 사회학과, 홍익대 국문학과 최상위
KUBS Startup Teams D&I PARVIS & SOVS Attended ‘2018 TIPS SUMMIT’
KUBS Startup Teams D&I PARVIS & SOVS Attended ‘2018 TIPS SUMMIT’ Startup teams at Korea University Business School’s Startup Institute, ‘D&I PARVIS’ and ‘SOVS’ attended ‘2018 TIPS SUMMIT’ event to share their startup stories. Both teams are the 3rd KUBS Startup Teams who were admitted in September 2016 and graduated in June 2017. First of all, D&I PARVIS is a big data and machine learning patent application business. CEO Sang-Joon Park started his business in 2017, after noticing that quite often people fail to develop their business ideas because of the complicated patent application procedure. Aiming at ‘the more advanced technology, the greater convenience to users’, D&I PARVIS pays attention to AI services that compare client’s ideas with existing technology. The service also identifies lack of material that is necessary for patent application procedure. On the other hand, SOVS is a mobile application development business established by co-CEO Su Young So, Jo-Eun Park. In 2017, they develop a mobile application for occasions when you want to request others to take pictures for you. SOVS app allows you to hold on to your preferred angle and background even when you ask others to take a picture for you. SOVS application reached no.1 in the most popular paid application chart as well as in the most popular camera application chart. See more articles (Korean)
Beginning of Semester Party for International Students
Beginning of Semester Party for International Students KUBS held a ‘Beginning of Semester Party for International Students’ on September 6th at Ahn Young Il Hall, LG-POSCO Building. Organized by the KUBS International Office, the event was designed to support our overseas students’ life on campus, meeting and networking with students from diverse backgrounds. Associate Dean Jae-Nam Lee and Professor Tony Garrett attended the event to welcome 200 international students. The event started with Professor Tony Garrett’s welcoming speech where he said, “At Korea University Business School, you will be able to experience the School’s structured curriculum. You will also study with outstanding students here at KUBS. Attend social events that we provide, I hope you make the most of campus life.” Then continuing students shared their stories of life at KUBS. Sang-Dae Oh (Business ‘17) gave a speech where he said “I have Korean citizenship but I was born and raised in Japan. I know what it is like living overseas. And I can say it was not easy at first because of language and cultural difference. But Korean friends of mine helped me settling in here. I am sure you will be able to go through any possible hardship and anxiety because there is always someone out there who is willing to help you.” The KUBS International Office offers programs including ‘KUBS Buddy’ and ‘KUBS Global’ to support overseas students’ life in general during their study in Korea.
Celebrating the 2nd Year of KUBS Startup Institute
Celebrating the 2nd Year of KUBS Startup Institute Korea University Business School’s Startup Institute (Director Hicheon Kim) celebrated its second year since establishment. They held a celebrating event on September 5th (Wed) at ‘The Stage’, Startup Institute, KUBS Main Building. A total of 36 KUBS faculty members attended the event to congratulate its second year. Director Hicheon Kim opened the event with his presentation on the Startup Institute’s △objective △structure △types of support △startup teams’ performance. In particular, Director Kim highlighted the fact that “Entrance to the Startup Institute is not restricted to Korea University students. Students enrolled in universities other than KU may also be a part of the Institute.” “I am convinced that KUBS Startup Institute will form a network that consists of prospective entrepreneurs.” Director Kim also asked the faculty members that “if any of your students are interested in a startup business, please let them contact us.” Professor Shijin Yoo, who is responsible for startup education programs at Seung Myung-Ho Center for Entrepreneurship Education, explained case studies of startup success: △Tal-ing △Hidden Track △D&I PARVIS△SOVS △B.SUNBI △Dreamary △Studio Link. Professor Yoo added that “So far we had 17 startup teams who continue their business projects.” “Not all of the business ideas seemed viable at first. However, we witnessed them made it possible as they progress. So we would really appreciate if all of you who attended this event today could encourage and support students’ startup ideas.” KUBS Startup Institute commenced on September 6, 2016, aiming at ‘A platform of entrepreneurship and innovation’. Prospective entrepreneurs from diverse backgrounds share their ideas and collaborate for their goals at Iljin Center for Startup Incubation and Seung Myung-Ho Center for Entrepreneurship Education. The Startup Institute conducts a range of lecture series, including ‘Lecture on Demand’, and they hold a demo day event ‘Choo Choo Day’ to encourage the teams’ social networking. KUBS Startup Institute opens ‘Startup Express’ as an open admission procedure to enter the institute. So far, KUBS Startup Institute had a total of 38 startup teams.
The 1st Insung Research Awards Ceremony
The 1st Insung Research Awards Implemented by Yoo Hui Sung's Donation, Research Support on KUBS Faculty Members Korea University Business School had the 1st Insung Research Awards Ceremony on September 5th, at Cuckoo Hall, LG-POSCO Building. The award goes to KUBS faculty with outstanding research performance. The awardees are four full-time academic staffs at the Business School, with the prize up to 30 million research fund. To be selected as an Insung Research Awards 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. The participants in the ceremony were approximately 20, including research fund donor Hui Sung Yoo (Commerce ‘58), Ki-Soon Park (Commerce ‘58), Dean Soo Young Kwon, Director of IBRE Johngseok Bae, Associate Dean Jong-Ho Lee, Executive Manager Young-Jin Choi, Vice President for Development and External Affairs Byung Hyun Yoo, and Vice President for Capital Planning Jang-Heon Chung. The ceremony started by Dean Soo Young Kwon’s welcoming speech, where he thanked Mr. Hui-Sung Yoo who financially supported the construction of Hyundai Motor Hall in 2011. Dean Kwon then briefly went through the implication of Insung Research Awards to the Business School. On top of SK and IBRE Awards, Insung Research Awards is another important award that has a large impact on faculty’s research planning. In addition, Dean Kwon encouraged the four awardees that “I hope you won’t forget that you are our proud first Insung Research Awards winners. I hope that the award will motivate your further researches. I am convinced that one day KUBS will be a platform for knowledge creation. Dean Kwon emphasized that “Once again, I would like to thank Mr. Hui-Sung Yoo, and thank you for our faculty member’s hard work.” Then Mr. Yoo replied to the Dean’s speech, where he said that “Ever since I admitted to Korea University Business School, I kept reminding myself that I am a proud KUBS student. And that lasts after my graduation as well. The donation is just a small part of repaying what the School did for me.” KUBS had a total of four awardees of the first Insung Research Awards: Professor Dongseop Lee (Management), Professor Chris Changwha Chung (International Business), Professor Kihoon Kim (LSOM), Professor Chung, Ji-Woong (Finance). >> Hui-Sung Yoo’s Donation History 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. Mr. Hui-Sung Yoo’s donation continues in September 2017 when he donated the property worth 2.5 billion won to the School. Of which, 200 million won was used to finance the Insung Research Awards implemented in 2018.
The 86th Advanced Management Program (AMP) Entrance Ceremony
The 86th Advanced Management Program (AMP) Entrance Ceremony Korea University Graduate School of Business had the entrance ceremony for the 86th Advanced Management Program (AMP) on September 3rd, 7 pm at Supex Hall, LG-POSCO building with 60 audiences. The audience consists of Dean Soo Young Kwon, Associate Dean Kyung Sam Park, president of AMP Alumni Association Young-Sik Kim, program director Sang Yong Kim, Associate Director Seung-Yeon Oh, and a total of 50 admitted candidates. Dean Soo Young Kwon welcomed the commencing candidates by saying “A ‘Leader’ must be a ‘Reader’.” “During your study at AMP, I guarantee that our Advanced Management Program will equip you with skills to be a ‘reader’. First off, obviously, you will be a book reader who reads a lot, a future reader who can predict and prepare for the future, and a number reader who interprets what statistic or financial statement indicates.” President of AMP Alumni Association, Young-Sik Kim also encouraged the candidates. “Congratulations on your admission to KUBS’s Advanced Management Program. I am sure your time at AMP will open up a new chapter of your professional life, as it did for me. You will also be able to experience the unique and strong network the AMP has.” Since its establishment in 1975, Korea University’s Advanced Management Program has built its strong alumni network that consists of experts from diverse fields. In addition, AMP is recognized for its exceptional faculty members.
KU Achieved the Highest Pass Rate on the 53rd CPA Examination
KU Achieved the Highest Pass Rate on the 53rd CPA Examination KUBS is proud to announce that Korea University students best performed on the final outcome of 2018 Certified Public Accountant (CPA) Examination (53rd). It is the top result for the 7th consecutive years, demonstrating that Korea University offering the best education program for CPA applicants. An analysis report by 『The Law Journal』 showed that among shortlisted applicants who passed the final round of the CPA exam, 114 were Korea University students. It is the highest pass rate among universities in South Korea for the 7th consecutive years. The second place went to Yonsei University (86), and the third went to Sungkyunkwan University (72) which was the second place winner last year. Chung-Ang University and Seoul National University had 68 and 65 shortlisted applicants respectively. Since 2016, in particular, Korea University has been recognized its strength in CPA exam preparation. The University demonstrates an outstanding performance on the CPA exam with a huge gap from the second place winner. Korea University’s unique program made it possible to support students’ performance on the CPA exam. In fact, KUBS’s CPA prep program ‘Jeongjincho (精進礎, Advisor=Professor Han Sang Yi)’ offers lectures on accounting, and social events with alumni who are current CPAs. Financial Supervisory Service and Financial Services Commission reported that the total number of shortlisted CPA applicants this year is 904. Article (in Korean) ※ Please click below to read the relevant article. ▶[법률저널] 2018년 공인회계사시험, 고려대 1위…3연승 달성
[Interview with Professor Joonmahn Lee] The Winner of the 1st Prospective Scholar’s Awards by MBN∙AKMS
[Interview with Professor Joonmahn Lee] The Winner of the 1st Prospective Scholar’s Awards by MBN∙AKMS Professor Joonmahn Lee is the winner of ‘Prospective Scholar’s Awards’ by Maeil Business Newspaper (MBN)∙Association of Korean Management Scholars (AKMS). Professor Lee published four journals in the world-renowned publications including ‘Strategic Management Journal’ and ‘Organization Science’. Based on the academic performance, Professor Lee had a unanimous vote from the award committee. 『KUBS News』 met Professor Lee for an interview on his award. Q. Could you please introduce yourself to us? I’m Professor Joonmahn Lee. I did my Ph.D. at Wharton School of the University of Pennsylvania for five years since 2007, majoring in Corporate Strategy and Entrepreneurship. Then I was teaching at Purdue University, Indiana, the U.S. until early August 2018, during which I got appointed at Korea University. I am appointed as a professor at Korea University from September 1st. Q. Do you have any areas of academic interest that you would like to concentrate on? Yes, of course I am interested in business studies in general, but I have three areas that I would like to deeply focus on: ‘Research on entrepreneurship’, ‘Research on technological innovation’, and ‘Business ecosystem’. Q. What do you think that contributed to the publication of your journals in the renowned ‘Strategic Management Journal’ and ‘Organization Science’? It is the time and effort I put, for sure, but I was lucky. I put an incredible amount of time in my research. My supervisor taught me how to choose the most accurate terminology when writing a thesis. I am also very grateful that my papers were also edited by an incredible editor who gave me constructive feedback and advice on my writing. Q. You won the ‘Prospective Scholar’s Awards’ by Maeil Business Newspaper (MBN)∙Association of Korean Management Scholars (AKMS). How do you feel? ‘Prospective Scholar’s Awards’ goes to professors with less than six years of experience. I consider myself lucky because it is my sixth year. I also attended as many conferences as possible, which I think the award committee gave extra credit. Q. What did you think was most challenging part when working on your research? Two things. The writing itself and being obsessed with finding the “right” answer. The thing about education in Korea is that it puts a big emphasis on the acquisition of knowledge, meanwhile it underestimates the importance of having own ideas towards an issue or expressing one’s thoughts in a written form. I can say that for sure, as a Korean who went through years of education in Korea. As an overseas student, learning in a different environment in the U.S. was not easy. I was doing fine with knowledge acquisition such as exam preparation, but when it comes to writing assessments, I was struggling. Also, in Korea, they ask you to learn the “right” answer without raising questions. I do not agree with the statement that a class that ends with a conclusion is an effective method of teaching. My learning experience in the U.S. has taught me that in fact, being open to other thoughts are highly important. It is important for each of us to acknowledge that our own ideas and thoughts can sometimes be wrong. When I was first writing my thesis it was not easy to embrace criticism by those who review my work including editors. I guess given my learning experience in Korea, I did not know how to deal with criticism in academia. But I got used to it as I go. While working on my thesis, of course my writing skills are improved, and more importantly I learned how to absorb and be open to criticism. Q. What are your goals as a researcher and professor at the University? I am hoping to focus on writing, especially I would like to write a book. Not a thesis or research paper, but books for a general audience that even readers with less knowledge on business studies can relate to. My goal is to assemble what I learned from my researches and write a book that every reader can relate to their everyday life. Q. Could you please give us a last word of advice to the readers? I am planning to make my lectures an open class, where students are free to suggest their ideas. To do so, I will throw a lot of open questions so that students can investigate important issues. How a corporate makes a decision is not about right or wrong, but it is all about the economic value. That is why I would like to highlight the importance of the open attitude towards others’ thoughts. Of course, it can be a challenging class, but I will make sure that students find it rewarding at the end of the semester. See Articles (in Korean) ※ 제목을 클릭하면 기사 원문을 확인하실 수 있습니다. [매일경제] 매경·AKMS 젊은 경영학자상, 이준만 고대 교수 [매일경제] "美경영학계 화두는 기업가정신…창업자가 혁신 이끈다"
Eight Months of Hard Work, Executive MBA’s ELITE Project Presentation
Eight Months of Hard Work Executive MBA’s ELITE Project Presentation On the 18th of August, Executive MBA (E-MBA) at Korea University Graduate School of Business had a project presentation ‘ELITE (Executive Learning and Interactive Team Exercise)’ at Room 432, LG-POSCO Building. The faculty participants were Program Director Professor Weon Sang Yoo, Jae Uk Chun, Professor Shijin Yoo. Managers from businesses △FMASSOCIATES △UPLEAT △NANOCMS also attended the event to hear the groups’ presentation. A total of six groups presented their projects to approximately 80 audiences. Each group had a 40 minutes’ length presentation where they discussed the topics they focused on. More specifically, the groups demonstrated their research topics on △suggestion on NANOCMS business expansion strategy – rising business in the security/nanomaterial industry △market entry strategy for BAU MEO (For healthy pet food) △B2C market entry strategy for PPM △Home Peel (Peel, Feel, Fill) △Blockchain based cancer information platform ‘Block Quantum Holdings’ △disruptive innovation of social sales share platform. The six ELITE projects have been conducted for eight months since December 2017. Prior to the presentations, Program Director Professor Jae Uk Chun had his opening address by saying “It is a big day for the six groups, where they present and assess the feasibility of their comprehensive work combining what they have learned during the last three semesters as well as their practical knowledge.” Professor Chun continued, “I am worried that it will be a tough decision to make, given that I know all of the teams’ works are remarkable. Nevertheless, I hope many of you will find this event productive, by getting useful evaluations from each other.” President of E-MBA Alumni Association Seung-Hyun Lee also added that “I hope you maintain your hard work on the projects even after this event. The topics you brought sound highly feasible.” ‘E-MBA ELITE Project’ is one of the KUBS’s unique curriculum, where candidates look for business case studies, conduct an analysis and suggest resolutions. Afterward, they present the resolutions to the managers at the companies and work together with them. During the semester, candidates investigate deeply into practical issues of business with regard to the social change. The ELITE project aims at educating candidates with independent decision making skills, as well as sharing their ideas with other candidates during the presentation event.
Every End Has a New Beginning - Commencement Ceremony for 2017 Fall MBA
Every End Has a New Beginning Commencement Ceremony for 2017 Fall MBA On the 17th of August, Korea University Graduate School of Business (Dean Soo Young Kwon) held the commencement ceremony for 2017 Fall MBA programs. The commencement ceremony was held at SUPEX Hall LG-POSCO Building where KUBS faculty including Dean Soo Young Kwon, Associate Dean Kyung Sam Park attended to congratulate the graduands. With their graduation gown and cap, the graduands filled the auditorium. The School had a total of 69 MBA graduates of Fall 2017 from △Global MBA △Executive MBA △Korea MBA. The ceremony started with a welcoming address, followed by the oath of allegiance to the nation. Associate Dean Park then briefly went through the School’s academic achievements. Associate Dean Park said “KUBS is ranked as Korea’s best business school for the sixth consecutive year in the rankings released by the Korea Economic Daily Business. Since its establishment in 1963, Korea University Business School demonstrates its academic excellence in teaching and research.” Dean Kwon had his commencement address, where he said “I can imagine each and all of the graduates had to overcome obstacles to be here. Congratulations to you for the hard work and many accomplishments that have brought to you to this day.” Dean Kwon also encouraged the graduates that “Each and every one of you is a leader who will investigate the issues we are facing, such as low growth and uncertainty in the Fourth Industrial Revolution.” He added, “Korea University Business School will continue making our efforts to absorb the changes in the society, and yet uphold our mission to provide the best education possible.” After the Dean’s address, diplomas were conferred to the graduands. Special awards were presented in the ceremony as well. The recipients of the awards were △KU President Award of Distinction: Hye-Yeon Lee (Global MBA) △KUBS Dean’s Award of Distinction: Mohit S Gill (Global MBA) △Achievement Award by Student Association: Soon-Ho Kwon, Patrick Drejerczak, Miguel Periera (Global MBA). △ Achievement Award by Alumni Association: Joseph Jae Ahn. The ceremony ends with the university anthem singing and graduation cap throwing tradition. The audience was able to see the graduates’ excitement through their loud anthem singing. The graduates threw the cap, congratulating each other’s commencement. The School had 69 graduates in total, which consists of △60 Global MBA graduates △1 Executive MBA graduate and △8 from Korea MBA.
Completion Ceremony Held for the 85th KUBS Advanced Management Program (AMP)
Completion Ceremony Held for the 85th KUBS Advanced Management Program (AMP) On August 13th, Korea University Graduate School of Business had a completion ceremony for the 85th Advanced Management Program (AMP) at SUPEX Hall, LG-POSCO Building. A total of 62 completed candidates attended the ceremony. Dean Soo Young Kwon, Associate Dean Kyung Sam Park, President of AMP Alumni Association Young-Sik Kim, Program Director Sang Yong Kim, Associate Program Director Seung Yeon Oh also participated in the ceremony to congratulate the candidates. Dean Kwon said “We have 17 awardees who receive the Perfect Attendance Award today, which is the highest record so far. It must have been hard for you to come to every class especially given the weather condition. Congratulations to you all.” Dean Kwon continued, “Please give a round of applause to Associate Dean Kyung Sam Park, Program Director Sang Yong Kim, Associate Program Director Seung Yeon Oh, President of AMP Alumni Association Young-Sik Kim, who were always willing to support you.” President of AMP Alumni Association Young-Sik Kim had his congratulatory speech, where he said “All your hard work has made its reputation as the best and strongest AMP. I hope the network we built during the program will last for another 10 or 20 years. Give each other the benefit of the doubt; I think it is important in maintaining relationships.” President of the 85th AMP Association, Young-Bong Song, replied that “I would like to thank the seniors at the Alumni Association who gave encouraged and gave advice to us. During the program, I was impressed by the strong network AMP has. Also, on behalf of all AMP candidates, I would like to thank the family and loved ones to support us during the program.” Korea University Business School’s Advanced Management Program was established in 1975. It is the first AMP in Korea, which has 4,605 cumulative number of completed candidates as of August 2018.
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.