KUBS News

2018 KUBS Full-time MBA Admissions Open
2018 KUBS Full-time MBA Admissions Open     Korea University Business School (Dean=Professor Soo Young Kwon) is now accepting applications for Fall 2018 MBA admissions Admissions open for 3 full-time MBA programs: △Global MBA, △Global MIM and △S3 Asia MBA.     Both Global MBA and Global MIM have three application rounds. The 1st round application has been closed, and 2nd & 3rd round applications due on 5pm, March 29 (Thu) and April 27 (Fri) respectively. Global MBA and Global MIM are programs which equip students to academic and professional skills through a variety of global experiences. If candidates participate in programs at partner schools across the world, they are eligible for the award of degrees from both institutions. 2nd round interview will take place on April 14 (Sat), with its result release on April 24 (Tue). The final round interview will be held on May 19 (Sat) and the result will be released on May 30 (Wed).   Application for the Business School’s S3 Asia MBA will be open until April 27 (Fri) 5pm. S3 Asia MBA is an Asia-specialized MBA program where candidates study at 3 universities in 3 different countries in Asia — Korea University, Fudan University, and National University of Singapore (NUS). Candidates are eligible to graduate with 2 degrees, one from KUBS and the other from either Fudan University or NUS. Once the application closes on April 27 (Fri), the result will be notified on May 11 (Fri). Shortlisted applicants will need to attend an interview on May 19 (Sat), then the final outcome will be released on May 30 (Wed). Applications for the above MBA programs can be made online via (https://bizapply.korea.ac.kr/en/). Please contact the Department Office (02-3290-5365) for further information.   Global MBA / Global MIM S3 Asia MBA  
Apr 27, 2018
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[Startup Lecture Series] “The Importance of Continuous Learning” Tony Swun Woo Park, Managing Partner at LB Investment
[Startup Lecture Series] “The Importance of Continuous Learning” Tony Swun Woo Park, Managing Partner at LB Investment On April 17, KUBS Startup Institute invited the second guest lecturer for ‘2018 Spring KUBS Startup Lecture Series’ at 6:30 pm, Startup Station. The guest lecturer was Mr. Tony Swun Woo Park, a managing partner at LB Investment. On his lecture, Mr. Park focused on ‘China’s Top Dating Mobile App, TanTan’. Mr. Tony Swun Woo Park is one of proud KUBS alumni (Business ‘92) who founded Future Entrepreneur’s Society (FES) at the School. Mr. Park worked for HanbitSoft, before he moved to China to work at The Nine and Alibaba. While developing his professional career abroad, he built strong knowledge about business practice in China. Mr. Tony Swun Woo Park is currently a managing partner at LB Investment’s Shanghai Office.     Mr. Park started his lecture by saying ‘the most important thing to keep in mind in the determination of an investment is knowing who the founder is’. He presented an example of TanTan of which founders are a couple married for 10 years. In fact, the founders were quite familiar with running a business. For 8 years they ran an exclusive service for the elite, by which the owners practically built up the client basis for their next business. Mr. Park added, “there are risks running a family business. But at the same time, it is a safe and reliable way to go. It is important that you need to take into account whether a founder is reliable when making investment decisions”. Mr. Tony Park then shared his experience with TanTan. In fact, the funding for TanTan was completed when he reached them. Nevertheless, he did not give up. “I kept contacting them until I was able to have a breakfast with them discussing the funding” he added. “That was when I felt years of my study on business finally paid off. I was actually able to take the lead in the next investment.” His decision has proved to be right – 2 years later $45million dollars’ worth investment has grown to $800million dollars.   Tony Park also pointed out the importance of looking into the size of users. Mr. Park argues that DAU, WAU, and MAU all have to be taken into account. That is, you must see the difference between DAU (Daily Active Users) and WAU/MAU because the less gap they have, the more frequent the customers use the service. He explained, “the users’ frequent use indicates that the business has a great market condition to expect a positive investment outcome. Comparing DAU, WAU, and MAU gives you a fundamental understanding of user retention. If a business has a large gap between those, it must not be overlooked. The business needs to come up with resolutions.” Mr. Park concluded his lecture by emphasizing the importance of continuous learning. “One of the worst scenarios is that a business is quite a success, and yet the founder cannot catch up with the growth of his/her business after all. So I agree with the statement that the pursuit of knowledge is ongoing. I want you to keep in mind the concept of lifelong learning”, he advised.     The lecture was followed by a Q&A session where an audience asked Mr. Park ‘what are the things I need to be careful when I receive funds for my business?’ Mr. Tony Park replied, “If possible, it is a very good idea to receive investments from people who know you well. It could be your boss, CEO of the company you worked for or could be someone you worked together for a long time”.     KUBS Startup Institute opens practice-based lecture series ‘Lecture on Demand’ about startups and business venture. Anyone interested is more than welcome to participate in the lectures. For further inquiries, please contact KUBS Startup Institute at 02-3290-2551.  
Apr 19, 2018
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“An Excellent Opportunity for a Deep Consultation with My Professor" ··· 500 Students Attended Faculty-Student Mentoring Day
Faculty-Student Mentoring Day with 500 Students· ·· Successful Event with Positive Reviews “An Excellent Opportunity for a Deep Consultation with My Professor" KUBS had the Business School Faculty-Student Mentoring Day event held on last 9th, 12th and 13th at Ahn Young Il Hall and Cuckoo Hall, LG-POSCO Building. Held for three days, the mentoring day event had participants of 57 faculty members and 508 students.         At the beginning of the event, each student put on a name tag and introduced themselves to their academic advisor. Prior to the consultation, students filled out a survey asking students’ △field of interest, △career goal, and △comment on the course. Academic advisors then started the consultation based on the students’ survey responses.   One of the participants, Yoon-Jung Choi (Business’16, academic advisor=Professor Hicheon Kim) commented, “It means a lot being able to ask questions and consult with my academic advisor. Since he spoke to each student at the table, it was a great help sharing other students’ concerns and ideas as well”.     Since 2007, KUBS holds a faculty-student mentoring program in which an academic advisor is assigned to students for consultation. It is designed to share information on their study and career paths and even personal advice where necessary. The mentoring day event is held every semester.   Check Out Pictures of Mentoring Day  
Apr 16, 2018
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[2018-1 Global CEO Lecture] Christopher Wood, General Manager of ELCA…“Keep in Close Communication with Others”
[2018-1 Global CEO Lecture] Christopher Wood, General Manager of ELCA “Keep in Close Communication with Others” On April 12, 3:30pm the Business School invited Mr. Christopher Wood, General Manager of ELCA Korea. Mr. Wood visited Supex Hall, LG-POSCO Building for a special lecture focusing on ‘Business without Borders’. He is the fifth guest of the School’s ‘Global CEO Lecture’ series. ELCA Korea is the Korean branch of the U.S.’s one of the most successful cosmetic corporations ‘The Estée Lauder Companies Inc.’, owning diverse brands including Estée Lauder, MAC, Tom Ford. Christopher Wood worked for Estee Lauder over 25 years at global branches including Germany, Sweden, Canada. Mr. Wood joined the Korean branch from 2000, currently the third General Manager of ELCA Korea.     On his lecture, Mr. Wood mainly focused on △how to find your career path △how to make the most of your potential △where to start in this new paradigm, new market △how to adjust to the current change △ Estée Lauder’s decision making process.   Mr. Wood emphasized “you need to start from knowing who you are. You must be aware of your ‘USP’”. USP refers to ‘unique selling proposition’, one’s unique and outstanding strength. “You need to understand what you are good at, what you can do better than others, and also what you would like to improve on.” “Always set a goal. Once achieved, proceed to your next goal. Always ask yourself how to reach your goal” he added.     Mr. Christopher Wood then pointed out the importance of ‘back to basics’. The ‘basics’ he referred to is identifying a problem and coming up with a resolution. Mr. Wood advised the audience that “you know how when you watch sports on TV, soccer, for example, it seems quite easy to play so you comment on their plays. However, if you play yourself, that is a different story.” “What I would like to emphasize is that in addition to keeping in mind ‘Carpe Diem’, when you think about your success, think as a player on the field, not like a viewer.” He also highlighted the importance of getting to know people around you, especially when you adjust to a new environment. Understanding who you work with, what is accepted is what is not. Figuring out if a person is someone you can get support from, or if you are the one who can give support to. Mr. Wood suggested “pay attention to the similarity, likeness, and avoid stereotypes or prejudice. Be wary of unnecessary worries or expectations. Keep in close communication with others”.     Mr. Christopher Wood concluded his lecture by sharing an anecdote. After a heavy storm has passed a man walk along the beach, noticing thousands starfish flowed away from the ocean. A girl (boy) then picked up starfish one by one and threw it back into the ocean. The man asked the girl why even bother throwing them back when there are thousands other starfish already came out of the water. She replied, at least one of them can survive if I keep throwing them back in. Mr. Wood said “I would like you to keep in mind that your career is a very important part of your life, however, do not live to work. That is not what life is supposed to be.” “As long as you can make a profound influence on one person’s life, that is more than enough” he added.   The Business School’s coming up ‘Global CEO Special Lectures’ will invite △ JongKu Choi, Chairman of the Financial Services Commissions (4/19) △ Sang-ho Yoo, President of Korea Investment & Securities Co., Ltd. (4/26) △Ki-seok Park, CEO of SIGONG tech (5/3) △ Younghoon Park, Executive Director of GS SHOP (home shopping) (5/10) △ Young Yul Seo, Chairman of PT.Pratama Abadi Industri (5/17) △ Kyung-Soo Park, CEO of PSK (5/24) △ Young-Sik Kim, President of PwC Korea (5/31).  
Apr 13, 2018
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Professor Emeritus Dong Ki Kim, President of the National Academy of Sciences, Republic of Korea … Inauguration Interview
“I Will Be Keep an Active Involvement with International Academies ” Inauguration Interview - Professor Emeritus Dong Ki Kim President of the National Academy of Sciences, Republic of Korea   The Business School is pleased to inform you that Professor Emeritus Dong Ki Kim has been elected as the president of the National Academy of Sciences (NAS), a Korean institute that supports scholars who made remarkable academic contributions. Professor Dong Ki Kim is the first KUBS professor who is appointed as the president of NAS. Prior to his position as the vice president of NAS, he was the dean of Business School and also of Graduate School of International Studies at Korea University. Dean Soo Young Kwon visited Professor Emeritus Dong Ki Kim to have a word with him and congratulate his inauguration. Below is the interview with Professor Emeritus Dong Ki Kim.       Q. Could you tell us a brief history and main activities of the National Academy of Sciences (NAS)? The National Academy of Sciences (NAS), Republic of Korea, was founded in 1954 to protect and support scholars with a remarkable achievement on the academic development. The NAS is established to encourage academic promotion by supporting academic research and academic exchanges with international academies. The NAS publishes the Journal of the NAS, which is distributed and taken into account in government policymaking. In addition, NAS holds the annual international symposium. Besides activities in academic circle, we also engage with the distribution of scholarly books of basic sciences for public access. Basically, we select excellent scholarly books every year and distribute them to public libraries and university libraries in Korea. NAS organizes lectures on air too if there is an issue worth sharing with the general audience.   Q. We were told that there are two compulsory criteria you have to meet in order to be elected as president: more than half of board members’ attendance, and a majority vote from the board. What do you think was the biggest factor that has contributed towards your appointment? I attribute it to my publications. I have published research papers before and after becoming a member of the NAS. Moreover, I think I was able to receive extra credits from the board members based on my performance as the Academy’s vice president. Also, I make sure to participate in diverse projects including fund-raising, and conduct industrial cooperation projects with major corporations.   Q. Could you share your plans of which industry you will be focusing on during your term? To begin with, my biggest goal is to improve involvements with international symposium across diverse academic circles including humanities, social sciences, and natural science. For that we first need to work on providing a better research environment, increasing annual research grant per person, for example. In every October NAS holds annual international symposium inviting renowned scholars across the world, and I will be focusing on facilitating broad academic exchanges. The Academy will also finance a portion of the cost of attending academic events overseas, even if it is a personal visit to the conference. Overall, more than anything else I will pay attention to improve research environment for our scholars.     Q. It is impressive how you have been making constant contributions to the University and the society. Could you share your wisdom with the readers, please? I always keep in mind three things Lao Tzu said. First off, ‘goodness is like the nature of water (上善若水)’. We can reflect 4 features of the nature of water. Water drops from top to bottom; more than often it is best if let nature takes its course, going with the flow. Nothing is softer or more flexible than water, yet nothing can resist it. You can quench the flames with water, but not the other way around; always be someone who others need, like water is.   The second word I keep in mind is ‘truly detailed looks actually seem loose, and a person who is truly wise can, in fact, look dumb (大巧若拙 大賢若愚).’ It is a great idea sometimes to ignore and get over with tiny details.   The last word from Lao Tzu is ‘the strong can never beat the wise, nor the smart can never beat the kind (力將不如知將 知將不如德將).’ No matter how you are strong or smart, the most important thing to keep in mind is to be kind. So I guess I try to stick to Lao Tzu’s wise words.   Q. Could you give the last advice to KUBS students? You know what they say, you cannot change where you graduate from - even though you actually can change your nationality. All of you are proud KUBS students. I want you to keep that in mind. I hope you will be able to bring that idea even if you graduate and go further abroad. Now it is not Korea University in South Korea, it is Korea University, in the world. That is, you should not limit yourselves to makgeoli and soju now - try out cognac, wine, vodka, if you like. I would also advise you to learn second languages, third and fourth even. It is always a great idea to learn languages, not limited to English.  
Apr 09, 2018
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[2018-1 Global CEO Lecture] Kwang-Chul Choi, Chair of the Social Contribution Department at SK Group SUPEX Committee
[2018-1 Global CEO Lecture] Chair of the Social Contribution Department at SK Group SUPEX Committee Kwang-Chul Choi … “Pay Attention to the Social Values” On April 5, the Business School invited Mr. Kwang-Chul Choi, Chair of SK Group SUPEX Committee Social Contribution Department, to give a 4th Global CEO Special Lecture held at Supex Hall, LG-POSCO Building. On his lecture, Mr. Choi focused on ‘The Social Responsibilities and Obligation of New Leaders’. Former vice president at Bechtel, Mr. Kwang-Chul Choi worked at the U.S. construction company Bechtel for 28 years. In 2008 he joined SK Engineering & Construction as a CEO until 2016. He is the chairman of the Social Contribution Department at SK Group SUPEX Committee, a committee of top executives at SK Group.     Mr. Kwang-Chul Choi started the lecture by throwing a question to the audience. “Why do you study? To get a ‘good’ job? To make money? What do you need money for? Or if you like, What would you like to do with your money?”. “These are the very questions you need to ask yourself,” he added. “Because the market is changing. In the ‘Market 2.0’, they put emphasis on function and emotion. Then it led to ‘Market 3.0’ which focuses on embracing a broad range of consumers, even non-consumers. The network in the 4th industrial revolution has connectedness which potentially expands target consumers.” He continued “In other words, the social value became important in the market, sharing and understanding concerns of the members of society has come to the key role of business. Therefore, it is not about increasing profits now, consumers pay attention to a business that makes a significant contribution to the society.”     Consequently, there has been movements in the management of corporations that they put more value on social responsibilities. Mr. Kwang-Chul Choi then briefly introduced one of business management strategies, ‘Double Bottom Line (DBL)’. DBL refers to a method of assessing both economic and social values on the operation of business. He explained, “it is called double bottom line because the business doubled up their assessment, whereas earlier on social and economic values were considered as two independent factors. To set up a business model, we need to consider steps from identification of social issues to coming up with resolutions.”   To identify what issues have been raised in the society, we need to first consider the needs of society. Mr. Kwang-Chul Choi suggested few examples including △information’s creation, application, distribution and protection △global cooperation on politics and economics △population change and co-living △practice of economy and finance and regulations △natural resource management. In addition, the movement in education is necessary to realize social values. Mr. Kwang-Chul Choi pointed out 5Ps: Purpose (mission), People (teaching staffs and students), Place (Globalized), Process (acquisition of knowledge), and Platform (campus). “Existing education system does not meet the change in society; education has to go beyond the delivery of knowledge. Education has to be conducted with clear sense of purpose, and something that continues outside campus.”     Mr. Kwang-Chul Choi concluded his lecture by emphasizing SQ (Spiritual Quotient) and LQ (Love Quotient). SQ concerns one’s value system and meaning in life, LQ measures love and care for others. He advised the audience, “I would like to stress the importance of paying attention to social issues, having a moment to understand them in your own words, trying to come up with your own conclusions. In doing so you will also be able to get a concrete sense of who you are, and where to start”.   The Business School’s Spring 2018 series of ‘Global CEO Special Lectures’ are designed to invite global CEOs to share their ideas and experiences. Coming up lectures will invite △ Christopher Wood, CEO of ELCA Korea (4/12) △ Jonggu Choi, Chairman of the Financial Services Commissions (4/19) △ Sang-ho Yoo, President of Korea Investment & Securities Co., Ltd. (4/26) △Ki-seok Park, CEO of SIGONG tech (5/3) △ Younghoon Park, Executive Director of GS SHOP (home shopping) (5/10) △ Young Yul Seo, Chairman of PT.Pratama Abadi Industri (5/17) △ Kyung-Soo Park, CEO of PSK (5/24) △ Young-Sik Kim, President of PwC Korea (5/31).  
Apr 06, 2018
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[2018 Full-Time MBA Information Session] “Broaden Your Career Horizons”
[2018 Full-Time MBA Information Session]  “Broaden Your Career Horizons” On April 4, the Business School opened an information session for 2018 full-time MBA programs at KUBS (7:30 pm, Room 412, Hyundai Motor Hall). On the session, 3 MBA programs were introduced: △Korea University Graduate School of Business △Global MBA △S³ Asia MBA (AMBA), followed by △Q&A session. The session had participants of 80 future students, as well as GMBA program director Professor Yong Keun Yoo and AMBA program director Professor Jaiho Chung.     First of all, GMBA students can choose from 3 degree pathways: △CEMS MIM (Master in Management), △EBS/ESCP MIM, △regular MBA. Students taking CEMS MIM study overseas for a semester at CEMS Partner Schools in 30 countries, after completing one-year courses at KUBS MBA. EBS/ESCP is a two-year program, during which students spend their first year at KUBS and the other at either EBS, Germany or ESCP, France. Regular MBA can be completed within a year, which will minimize the opportunity cost of taking postgraduate degrees.     On the other hand, AMBA is designed to provide graduates with strong knowledge and skills specialized in the Asian market. AMBA students spend semesters at 3 universities from 3 different countries: Shanghai (Fudan University), Seoul (Korea University), Singapore (National University of Singapore). AMBA allows students to gain international experience that is transferred into international career. Unlike exchange student programs, the candidates graduate with 2 degrees, one from KUBS and the other from either Fudan University or NUS.     Professor Yong Keun Yoo suggested, “MBA at Korea University is known for its excellence, the best MBA in South Korea.” “During the study, you will be able to learn from professors who are committed to excellence in teaching and also to build a strong network of student/alumni association. I hope to meet you all on campus,” Professor Yoo added. Professor Jaiho Chung also suggested, “I can guarantee your study at KUBS MBA will broaden your career horizons in many ways.” The information session was then concluded with a Q&A session. Admission is open for 2018 MBA programs on the website (https://bizapply.korea.ac.kr), please contact the MBA Administration Office to make inquiries (02-3290-5365).  
Apr 05, 2018
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['Brightics AI' Information Session] A Fast and Easy Big Data Analysis Platform
['Brightics AI' Information Session] 'A Fast and Easy Big Data Analysis Platform' On April 3 (Tue) 5pm, KUBS had an information session for a big data analysis platform, ‘Brightics AI’ at B202, Hyundai Motor Hall. Brightics AI is a big data analysis platform developed by Samsung SDS. It is equipped with a prescriptive algorithm that provides solutions based on its AI analysis models across industries including manufacturing, marketing, and logistics. Earlier on the information session, Professor James Jungho Pak from College of Engineering introduced Brightics AI. “I am sure this big data analysis platform by Samsung SDS will be a useful tool for researches in universities”, Professor Pak said. “We had the information session last time at the Science and Engineering campus during winter vacation. This time here on Humanities campus.”   The information session was presented by Ms. Eun-Joo Lee, head of Samsung SDS Data Analysis LAB. “Normally it took a very long time processing data at offices due to its terabyte sized data. However, the development of analysis platform makes it possible to fast process big data, only by the machine work.” Ms. Lee said. In consequence, corporations now prefer this route of data analysis. Python is the most preferred program rather than SAS (Single Attachment Station). In addition, whereas offices had only one person to analyze the data, nowadays they have a team set for the analysis, composed of IT leader, data analyst, C level, data scientist. Ms. Lee added, “You can import functions from SAS or Python. So Brightics is basically an integration platform that delivers analyzed data and shares techniques for analyzing”.   Ms. Eun-Joo Lee then shared an example of analysis by Brightics. The task was to find a player who is capable of playing the closest to Christiano Ronaldo, using data of 17,000 professional soccer players. With numerical data of 30 variables including potential, power and overall score, the data were categorized into 7 groups by similarity. Through further analysis on smaller group, they were able to narrow down the list to a player whose play is the closest to Ronaldo. “In fact, these are the techniques used in real life. The result of the analysis can be presented to sports team owners.” Ms. Lee added.   Brightics can be used for data analysis in a range of industries for predicting△signs of abnormality in production △optimal duration of component △delays in shipping △sales prediction △market reaction △monitor feedbacks △number of customers △diagnosis of arrhythmia using S-Patch △management of electricity usage. Ms. Lee concluded, “Brightics is equipped with a prescriptive algorithm that provides solutions based on its analysis, which non-professional analysts have an easy access to. It will be distributed to Korea University for users’ free access”.  
Apr 04, 2018
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[2018-1 Global CEO Lecture] Seon-Yong Lee, CEO of Bear Tree Park
[Spring 2018 Global CEO Special Lecture Series] Seon-Yong Lee, CEO of Bear Tree Park … “Enthusiasm and Perseverance, Key to Success” On March 29, KUBS invited Mr. Seon-Yong Lee, CEO of Bear Tree Park for our 3rd global CEO lecture this semester at SUPEX Hall, LG-POSCO Building. The topic of the lecture was ‘The Success of TGIF and Overview of Food Services Industry’. Mr. Seon-Yong Lee is a KUBS graduate (‘80), and he is the very person who brought ‘T.G.I FRIDAYS (TGIF)’ on the Korean market, opened a new chapter of food services industry in South Korea.   In 1983, Mr. Lee went to the U.S. for study. He is an Engineering graduate from the University of Texas and also an MBA graduate from American University, Washington, D.C. After graduation, he opened up the first 500 seats sized TGIF in Korea, in Yangjae-dong in 1991. It was a big success from the start of the business, not surprisingly. “I noticed the increasing demand for foreign cuisine after the 1988 Seoul Olympic Games. The restaurant was particularly popular among young adults who had overseas experience and wanting to try new things in South Korea.” Until 2002, TGIF increased its number of restaurants, a total of 22 of them and they were then sold to Lotte Group who were seeking for entry into food services industry.     One of the biggest reasons why TGIF achieved success was their distinguished service. Their waiter/waitress took orders with bending their knees, they sang a song and take pictures for their customers as a part of birthday treat. It was a very remarkable service in the industry. Mr. Lee said, “with regard to food services industry, consumer choices depend entirely on young consumers, children”. “Therefore we went for customized service to meet young customers’ needs” he added, “the key was to maximize ‘cosiness’, make themselves feel at home”. He continued “to provide better quality service, management of staffs was particularly important. We put a brooch one their outfit depending on their performance, using it as motivation to provide improved customer service. In addition, our employees were transferred to other positions on a regular basis”. Mr. Lee stressed the importance of ‘location’ and ‘integrity’ as two most crucial factors in food services business, in a sense that you need to allocate high initial costs to set up a restaurant. Contracts you make on the first part of business are therefore critical. “Despite the fact that minimizing cost is important, you also need to take quality into account. Quality of ingredients, your dish or the number of staffs at restaurant are critical determining overall customer experience” he added. “I think what shows a success of restaurant is not its profit, but the number of customers you have had.” Mr. Lee concluded his lecture by highlighting ‘GRIT’. GRIT refers to passion and perseverance emphasized on Angela Lee Duckworth’s book <GRIT>. Mr. Lee concluded “you cannot call it a passion if you are not being persistent. I want you to keep in mind that tenacity is what really determines enthusiasm.”     The Business School’s Spring 2018 series of ‘Global CEO Special Lectures’ are designed to invite global CEOs to share their ideas and experiences. Coming up lectures will invite △ Kwang-Chul Choi, Chair of SK Group SUPEX Committee Social Contribution Department (4/5) △ Christopher Wood, CEO of ELCA Korea (4/12) △ Jonggu Choi, Chairman of the Financial Services Commissions (4/19) △ Sang-ho Yoo, President of Korea Investment & Securities Co., Ltd. (4/26) △Ki-seok Park, CEO of SIGONG tech (5/3) △ Younghoon Park, Executive Director of GS SHOP (home shopping) (5/10) △ Young Yul Seo, Chairman of PT.Pratama Abadi Industri (5/17) △ Kyung-Soo Park, CEO of PSK (5/24) △ Young-Sik Kim, President of PwC Korea (5/31).  
Mar 30, 2018
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2018 Summer Global Internship Information Session
2018 Summer Global Internship Information Session ‘List of Internship Available Companies on April 3 (Tue), Application Closes on April 13 (Fri)’ The Business School had an information session for 2018 Summer Global Internship on March 28 (Wed) 6pm at Room B307, Hyundai Motor Hall. Around 40 students attended the information session for detailed information on how to apply, eligibility, and selection procedure. From 1994 onwards KUBS commenced its very first global internship program in South Korea. At least 50 students every year participate in internship abroad at corporations in 15 countries. Up until 2017, KUBS had a total of 1,940 participants sent to 500 corporations for their global experience.     With regard to the eligibility, any business students in their 3rd or higher year can apply, as long as they have at least one semester left at the University. The priority goes to students whose first major is Business Administration, other students at the Business School come next (i.e. Business double major, dual degree, or business minor students). Depending on companies, students’ participation will be accredited to 3 to 6 credits of their degree requirements. The tuition fee is returned once they completed the duration of internship. In addition, flight fare is fully provided by the School (applicable to business first major students only), and participants may be eligible for other financial supports during their stay abroad.     Participants will be selected by △ GPA for last two semesters △ official language test score (not compulsory) △ English/Chinese Interview △ Interview in Korean △ Extra points for students who completed “Regional Studies” of the country they are applying to △ Extra points for extracurricular activities or work experience. If applying for internships in China only, English test score and English Interview will not be necessary. Ms. Arie Kim from KUBS International Office explained, “for those interested, please apply online and submit required documents to the International Office by 4pm, April 13. You can download relevant documents and formats from Portal Community ‘2018 KUBS Global Internship’”. The shortlisted applicants will be required to attend pre-departure ceremony and a brief preparation session, which is held between May and June. If shortlisted applicants withdraw their internship application after the release of the outcome, a F grade will be given. In case applicants withdraw their application before the outcome is out, they may be at a disadvantage for further applications. After completing their internship, participants must submit daily work journal, report and an essay on their intern experience to the International Office for credit approval.     On the followed Q&A session, students raised a range of questions on corporations’ job descriptions, required English/Chinese fluency, and so on. Ms. Arie Kim responded, “details of what your intern job entails will vary according to offices, and they may even change once you have recruited”. Ms. Kim added “Please refer to the list of available companies you can apply to, which will be uploaded from April 3. The reason we consider your language proficiency is really for your basic safety and everyday use during your stay overseas. As long as you are comfortable using business level English/Chinese, you are good to go”. For further information on global internship, please refer to the KUBS website, or contact the International Office (02-3290-5362).  
Mar 29, 2018
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Ceremony for Completion of 6th KUBE & Commencement of 8th KUBE
Ceremony for Completion of 6th KUBE & Commencement of 8th KUBE   On March 26, KUBS Student Ambassador ‘KUBE’ welcomed their new members at Room 301, LG-POSCO Building. Dean Soo Young Kwon and staffs from the KUBS Public Relations Office attended the event to welcome new KUBS Student Ambassadors and thank KUBE students who completed the program.     The event was hosted by the president of 7th KUBE, Won-Bin Kim (Business’14), and Chae-Yoon Kim (Business’16). The event commenced with a brief overview of KUBE’s objectives and responsibilities. KUBE organizes events and supports preparation for publications; KUBE supports the overall representation of the Business School. After briefing on their key activities on Fall 2017, KUBE then introduced their main tasks on Spring 2018 including participation in the protocol events, online and offline publications, and other social events with KUBS students and alumni.     Dean Soo Young Kwon thanked the 6th KUBE, “I appreciate your contributions, all the hard work you made on the School events”. Dean Kwon then welcomed the 8th KUBE members, “thank you in advance for your contributions on upcoming events, I hope you have a good time as an KUBS student ambassador”.    6th KUBE: Joo-Hwan Yoon(Business'12), Seo-Eun Han('16), Chang-Ui Hong('14)   8th KUBE: Ji-Eun Lee(Business'18), Ho-Joong Lee('15), Da-Young Nam('17), Soo-Min Kim('18), Young-Min Lee('13)   KUBS Student Ambassador program, KUBS, first commenced on 2013 and revised on June 2015. The main tasks of KUBS are △ KUBS Campus Visit and Teen Gathering Day △ Teen Mentoring Day △ support preparation for publications on KUBS events.  
Mar 27, 2018
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[Startup Lecture Series] “Be a Man/Woman of Action, Rather than One of Thought”
[Startup Lecture Series] “Be a Man/Woman of Action, Rather than One of Thought” On March 20, the Business School had its first lecture of ‘Spring 2018 Startup Lecture Series’ at Startup Institute, KUBS Main building at 6:30 pm. The first guest was Jung-Min Lim, Representative Partner at ‘500 Startups Management Korea’. The topic of the lecture was ‘Entrepreneur’s Mission’.   Mr. Jung-Min Lim started his lecture by asking ‘why do you start up a business?’. He stressed the importance of keeping in mind why you would like to start up a business and keeping a sense of how you would contribute to the society as an entrepreneur. “Startup can be tough; every moment you make choices will potentially make you  vulnerable.” He continued, “it is therefore very important to have a concrete idea of why and how you would like to continue”.     Mr. Jung-Min Lim also stressed out not to limit yourself to your own ideas. He used an anecdote of meetings with two entrepreneurs, “the other day I had 2 meetings, I spoke with an entrepreneur and I thought he(she) had a pretty brilliant idea. The thing is though, the other entrepreneur I met next suggested me the exact same idea.” “My point is, it is not about the idea itself; but how you work on your idea. How you elaborate and realize your startup idea is the key to a business success” he said.     Mr. Lim strongly advised the audience to try out as many ideas. He gave an example of mobile application ‘Baemin’ (The People of Delivery), emphasizing that “there were many other people who had ideas of delivery service business. Baemin, however, was the only business that carried out the idea doing all the legwork. Even brilliant ideas are of no use if not carried out”. Mr. Lim also suggested the participants, “always make sure to save at least 20% room for yourself. I see Startup founders every day, they seem to be under pressure to keep themselves busy 24/7. The problem is that you cannot draw a clear and smart decision when you are under pressure. In the end, keeping up the hard work may not improve efficiency”.     KUBS Startup Institute opens practice-based lecture series ‘Lecture on Demand’ about startups and business venture. Anyone interested is more than welcome to participate in the lectures. For further inquiries, please contact KUBS Startup Institute at 02-3290-2551.  
Mar 26, 2018
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[2018-1 Global CEO Lecture] Jung-Ho Kim, CEO of Bear Better Company
[Spring 2018 Global CEO Special Lecture Series]  Jung-Ho Kim, CEO of Bear Better Company … “Act on Your Dreams” On March 22 (Thu) at 3:30pm, the Business School invited our second guest Mr. Jung-Ho Kim, CEO of Bear Better Company for the Spring 2018 Global CEO special lecture series held at Supex Hall, LG-POSCO Building.   The topic of the lecture was ‘Challenge and Startup’ by Mr. Jung-Ho Kim, who is a Trade’85 graduate of Korea University and a co-founder of Naver. Mr. Kim also started a social enterprise ‘Bear Better’ in 2012. Bear Better hires employees with developmental disabilities, operating businesses across various industries such as coffee roasting, baking, florist retail, and printing. More than 200 employees with developmental disabilities work at Bear Better, hired by the employment connections with 250 businesses.   Thinking that students might be more interested in his personal stories growing up and his success, Mr. Jung-Ho Kim started his lecture by sharing his stories rather than giving a presentation of his company. “My family had financial difficulties when I grew up.” Mr. Kim said. “I worked part-time for years during university, all I had in my mind was to graduate early so I can have a full-time job, make money as soon as possible.” As planned, he started his career at Samsung SDS straight after his graduation. 10 years at Samsung SDS, he developed a quite unique career path. “I worked in human resources, mostly recruiting Masters and Ph. D holders across the world.” He continued “it was not the kind of job I have always wanted, but looking back I think I would never have started Naver if it wasn’t for the thousands of IT seminars I had to attend during my years at the human resources team.”   At the time when Mr. Kim started Naver, there were other 140 existing worldwide portal websites. However, he only focused on the possibility of his business in spite of what others say. Naver took over a game business ‘Hangame’, and it made a big success on the market. The co-founders of Naver became the iconic figure of successful startups. “I saved up really hard when I worked at Samsung SDS to make a budget for startup. Naver really is my 10 years of hard work.” After Naver entered its stable phase, Mr. Kim went on holiday to take a break. A social enterprise he met in Nairobi, Kenya inspired him to start up a new enterprise ‘Bear Better’. “It was impressive to see how a British fashion business prioritized single mothers on their hiring processes. It got me thinking I should run a social enterprise in Korea too”, said Mr. Kim, the founder of Bear Better, a social enterprise established in 2012. Mr. Jung-Ho Kim concluded his lecture by stressing ‘Dream and Effort’. “Act on your dreams. If you have a dream or a goal to achieve, I would suggest you take a moment and think deeply to see if you are actually making efforts accordingly.”   In his Q&A session, a participant asked, “what do you think was the secret to your success in business?” Mr. Kim replied, “I was lucky, of course, but more importantly I think knowing what I am capable of has led me here.” “Pay attention to what you are good at, rather than what you are interested in,” he added, acknowledging that success is not guaranteed even though you work hard on what you are good at. He also pointed out that 30% of new employees quit their job within their first year, even employees at big corporations like Samsung. “Even if your work is not something that you have always wanted, sometimes it is important to hold onto it because you never know where you will end up. Take me as an example” he concluded. The Business School’s Spring 2018 series of ‘Global CEO Special Lectures’ are designed to invite global CEOs to share their ideas and experiences. Coming up lectures will invite △ Seon-Yong Lee, CEO of Bear Tree Park △ Kwang-Chul Choi, Chair of SK Group SUPEX Committee Social Contribution Department (4/5) △ Christopher Wood, CEO of ELCA Korea (4/12) △ Jonggu Choi, Chairman of the Financial Services Commissions (4/19) △ Sang-ho Yoo, President of Korea Investment & Securities Co., Ltd. (4/26) △Ki-seok Park, CEO of SIGONG tech (5/3) △ Younghoon Park, Executive Director of GS SHOP (home shopping) (5/10) △ Young Yul Seo, Chairman of PT.Pratama Abadi Industri (5/17) △ Kyung-Soo Park, CEO of PSK (5/24) △ Young-Sik Kim, President of PwC Korea (5/31).  
Mar 26, 2018
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Luncheon with Fall 2017 Dean’s List of Excellence in Academic Performance
Luncheon with Fall 2017 Dean’s List of Excellence in Academic Performance Korea University Business School (Dean=Soo Young Kwon) opened a luncheon event for Dean’s list of excellence in Academic performance on March 20, 21 at Cuckoo Hall, LG-POSCP Building. Invited by Dean Soo Young Kwon, 46 out of our 61 scholarship students participated in the lunch event.     After having a brief session of sharing their stories, participated students had a chance to share their thoughts and concerns of their study and pathways. Dean Kwon said “it is great to see you all, I know it is a lot of work and effort to achieve a 4.5 GPA. I am very proud of each and every of you”. Dean Kwon encouraged that “keep in mind though that it is not all about grades, I hope you find it interesting and rewarding to learn while pursuing your goals at KUBS”.     One of the participants, Hyun-Ho Choi (Business’13) commented that “years ago I had this chance to have lunch with Dean Kwon, I spoke to him about my career paths. I am very glad that I met him again, especially on this very meaningful event”. Seo-Eun Han (Business’16) also said “when the grades were out I was pretty happy with my results and now being invited to event like this, I am even happier. It was a very rewarding event. I hope I would be able to be invited to the next event as well”.     Dean’s Luncheon is an event designed to celebrate and encourage students with distinguished academic performance on Fall semester, 2017. 61 KUBS students completed their Fall semester 2017 with a GPA of 4.5. Korea University President’s Award went to 10 students who maintained their 4.5 GPA throughout 2 semesters in 2017. 51 scholarship students who received a GPA of 4.5 on Fall 2017 also received KUBS Dean’s Award.  
Mar 22, 2018
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[2018-1 Global CEO Lecture] Dong-Ki Shin, Vice President of ELAND Group
[Spring 2018 Global CEO Special Lecture Series] Dong-Ki Shin, Vice President of ELAND Group… "Embrace Change"   On March 15, the Business School commenced the Spring 2018 series of ‘Global CEO Special Lectures’, with its first guest Mr. Dong-Ki Shin, Vice President of E-Land Group. A total of 220 business students attended the special lecture held at Supex Hall, LG-POSCO Building. A former president of KUBS KMBA Alumni Association, Mr. Shin worked more than 40 years in the finance industry including Global Investment Bank and Goldman Sachs. He is an expert in the area who sold major business units and reorganized the financial and business structure to prepare for the crisis when he was a financial control officer at E-Land Group.     The topic of the lecture was ‘Changes in Global Finance and Corporations- My 40 years’ Experience at Investment Bank’. Shin started the lecture by citing a poem - ‘there is no point fighting on the tip of a snail’s horn.’, ‘time flies like a flash of flints’ –always be humble. " It has been 5,000 years since the invention of the text, 500 years since the invention of the type, 50 years since the computers. However, the changes we have been through the past 5 years are probably the most remarkable – the smartphones!” said Mr. Shin. He emphasized, “Who knows what we will face in coming 5 years? Technology and innovation will continue to be unstoppable.”   “With regard to the income of Korea, the economic development over the past 50 years made it possible to achieve 300 times higher income, from $ 100 to $ 30,000. We are now one of the world's 10 largest exporting countries, with its grown size of the market from $ 100 million to $ 500 billion.” Vice President Dong-Ki Shin stressed that “it is outstanding that we made such achievement during the world economy’s phase of high growth, however, it is time that we need to think and prepare for the current phase of the low growth economy, especially in the era of 4th Industrial Revolution.   Mr. Shin emphasized, “We need to be able to look into the future, and always be prepared.” “If you look back, world economy hit by the crisis in every 10 years - △ The 2nd Oil Crisis, 1978, △ Black Monday, 1988, the U.S., △ The Asian Financial Crisis, 1998(97), △ Subprime Mortgage Crisis, 2008. Mr. Shin also pointed out, “if you think about it, most successful startups these days – Uber, Airbnb, Alipay – they would not even be able to start their business if they started in Korea. Because in fact, 57 out of 100 they are illegal here.” “Businesses should be capable of innovation in the new digital era learning from their past success.” Shin also shared his experience as an example of how E-Land Group overcome the organizational crisis in the past. In addition, Vice President Dong-Ki Shin moved on to ‘Trumpnomics’. Trumpnomics refers to the United States’ America-First policy being applied to their economic policy. Key examples can be their $1 trillion investment in infrastructure and revision on their trade relations. Mr. Shin pointed out that “the implementation of Trumpnomics might increase America’s economic growth. On the other hand, its impact on economies in Mexico, Japan, and South Korea can be tough.” “We need to be prepared for the economic crisis. If you think about it, Google took over YouTube, and Samsung also prepare to face the crisis; they sold their chemical and security units. Look carefully at what is happening in the economy, and start from what we can do and think how to be prepared.” Mr. Shin advised. Vice President Dong-Ki Shin concluded his special lecture by suggesting a phrase “Control yourself. Otherwise, you will be controlled”.     One of the audience, Min-Ji Kim (Business ‘14) said “It was a very inspiring lecture, made me look back on myself. I feel I should keep in mind what he said, looking beyond and staying out of comfort zone.”   The Business School’s Spring 2018 series of ‘Global CEO Special Lectures’ are designed to invite global CEOs to share their thoughts and experiences. Coming up lectures will invite △ Jung-Ho Kim, CEO of Bear Better Company (3/22) △ Seon-Yong Lee, CEO of Bear Tree Park △ Kwang-Chul Choi, Chair of SK Group SUPEX Committee Social Contribution Department (4/5) △ Christopher Wood, CEO of ELCA Korea (4/12) △ Jonggu Choi, Chairman of the Financial Services Commissions (4/19) △ Sang-ho Yoo, President of Korea Investment & Securities Co., Ltd. (4/26) △Ki-seok Park, CEO of SIGONG tech (5/3) △ Younghoon Park, Executive Director of GS SHOP (home shopping) (5/10) △ Young Yul Seo, Chairman of PT.Pratama Abadi Industri (5/17) △ Kyung-Soo Park, CEO of PSK (5/24) △ Young-Sik Kim, President of PwC Korea (5/31).  
Mar 22, 2018
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[Global Internship] “A Great Opportunity for Your Professional Experience AND Language Skills”
Global Internship “A Great Opportunity for Your Professional Experience AND Language Skills”   From 1994 onwards, Korea University Business School offers global internship programs to encourage students’ professional experience and language skills. Until 2018, a total of 1,940 Business School students have participated in internships at over 500 companies across the world.   KUBS is the very first School who introduced global internship programs. The program opens twice a year in Summer and Winter, which the latter commenced last year. KUBS has the largest global internship program offered in Business Schools in South Korea.   In terms of eligibility for the internship, any 3rd year or higher Business School students can make an application through the KUBS International Office, as long as he/she has at least a semester left to be completed after the completion of the internship. Once applicants are shortlisted by GPA and language test score, companies will then go through a selection process using their criteria. Successful applicants will need to attend pre-internship sessions organized by KUBS International Office, including ‘Contemporary Business Etiquette’ and ‘Gender Equality session’. More information can be found on KUPID Portal community ‘2018 경영대 국제인턴십’ (2018 KUBS Global Internship), sign up online for further details.   Information sessions for 2018 Summer and Winter Global Internship will be held at the end of March and September, respectively. The participants will be awarded 3 or 6 credits of ‘Global Internship Practice’ upon completion. For more information, please visit the website or contact the International Office (02-3290-5362).  
Mar 22, 2018
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KUBS Signs International Partnership Agreement with University of Michigan’s Ross Business School in the U.S.
KUBS Signs International Partnership Agreement with University of Michigan’s Ross Business School in the U.S.     Korea University Business School (Dean=Soo Young Kwon) is proud to inform you that the School has signed an International Partnership Agreement with Stephen M. Ross School of Business, University of Michigan. This agreement was devised for active academic exchanges between the two universities. In consequence, KUBS students are now eligible to spend their exchange semester at the University of Michigan’s Ross Business School, depending on the number of incoming students from Michigan Ross.   Established in 1924, University of Michigan’s Ross Business School is one of the most renowned state universities in the United States. In fact, this year Michigan Ross placed on the top 11 in U.S. News Ranking of best business schools in the U.S. Michigan Ross’ Global MBA program also ranked No. 26 among the best Global MBAs by the Financial Times in 2018.   Michigan University’s outstanding academic performance is obvious from their faculty and alumni’s achievements. According to the UTD Research Rankings (University of Texas at Dallas Business School Research Rankings), Michigan Ross placed on the top 9, among 100 business schools in the U.S. Moreover, Michigan Ross has recognized alumni who are world-class entrepreneurs, including John M. Fahey Jr., chairman emeritus of the National Geographic Society, and Donat R. Leclair Jr., chief financial officer and executive vice president of Ford Motor Company. Michigan Ross has a total of 151 full-time professors and 59 adjunct professors, with their 3,200 enrolled students.   Korea University Business School is working on plans to make further agreements with leading institutions globally. Earlier this year, KUBS entered into an International Partnership Agreement with Hitotsubashi University, Japan.  
Mar 22, 2018
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KU Achieved the Highest Pass Rate on the 1st Round CPA Exam 2018
KU Achieved the Highest Pass Rate on the 1st Round CPA Exam 2018   The 1st round result of 2018 Certified Public Accountant (CPA) Examination (53rd) has been released on March 16. On this exam (February 11), Korea University has produced a total of 187 successful 1st round CPA candidates. It is the highest pass rate in the country, far outstripping other universities in South Korea.   Among the total of 1,702 successful 1st round CPA candidates, approximately 11% of the candidates turned out to be Korea University students/graduates. It is a huge gap between first and second place, KU produced 54 more candidates than Sungkyunkwan University. Sungkyunkwan University and Yonsei University tied for runner-up with 133 (7.8%), 128 (7.5%) successful candidates respectively. Sogang University (113 successes, 6.6%) came in fourth followed by Kyung Hee University (108 successes, 6.3%). This achievement reaffirms KU’s position as the best institute for nurturing certified public accountants, especially by the support of a CPA prep program called “Jeongjincho (精進礎)".   Meanwhile, a total of 8,778 candidates sit on the 1st round of 53rd CPA Exam with a passing rate of 5.2:1, which was fairly consistent with last year’s passing rate of 5.3:1. The 2nd round exam will take place on June 30 to July 1, and the number of estimated examinees is 2,864 with the estimated passing rate of 3.4:1. The final result will be released on August 31.      
Mar 19, 2018
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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 March 8 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. Dean Soo Young Kwon, Associate Dean Jae-Nam Lee and Associate Professor Tony Garrett attended the event to welcome 150 international students.       Dean Soo Young Kwon said “I hope you would have a chance to visit as many interesting places while your stay in Korea,” and added “I suggest you to be familiar with the regulation of Korea University as well”.   Associate Professor Tony Garrett also welcomed students, shared his story and tips of living in Korea, with words of powerful encouragement to international students. Two continuing students also shared their stories of why they chose to come to South Korea - and Korea University, and what they have learned from their overseas experience.     The participated students then had pizza for dinner, having a chance to chat with other students. Kailyn Akers, one of the students, said “I had such a great time. It was a great event meeting people from so many diverse backgrounds.”     The KUBS International Office offers programs including ‘KUBS Buddy’ and ‘KUBS Global’ to support overseas students’ life in Korea during their study.    
Mar 16, 2018
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[Global MBA 2017 Fall IRP] GMBA International Residence Program held for two weeks in Barcelona, Spain
[Global MBA 2017 Fall IRP] GMBA International Residence Program held for two weeks in Barcelona, Spain   Korea University Business School Global MBA (GMBA) attended 2017 Fall International Residence Program (IRP). IRP was held at ESADE Business School, Barcelona, Spain for two weeks from January 29 to February 9. Program Director Professor Yong Keun Yoo and a total of 33 GMBA students visited Spain to participate IRP. During the two weeks, participants attended a variety of international business lectures focusing on △Politics of EU Institutions △Identifying Business Opportunities △Creating Growth Ventures △Financing Growth Ventures △Design Thinking △Marketing Innovation △Leading Change Simulation. In particular, the lecture on Leading Change Simulation held on 8th, February received great feedback from students who had a chance to participate in activities to evaluate and suggest resolutions of companies’ current issues.     GMBA students were also happy with their participation experience at companies. On February 1, the participants were able to feel what it would be like to work at Kantox & Social Point by visiting the corporation. Meanwhile workshop sessions were conducted for two weeks, which students worked on presentation and had a feedback session at the end.   KUBS MBA programs offer students to engage in experiences across the world to keep them updated with current international business trends. Global MBA, in specific, opens International Residence Program for students to attend lectures at renowned overseas universities as well as participate in company experience.  
Mar 15, 2018
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