Korean Production and Operations Management Society Biannual Conference…KUBS Team Wins Grand Prize under the Guidance of Professor Hojung Shin
Korean Production and Operations Management Society Biannual Conference …KUBS Team Wins Grand Prize under the Guidance of Professor Hojung Shin The Kokuma team (representative Cheong TaekHee) and the TMS team (Representative Yoo MinSeok) of the KUBS academic club (KULSOM) under the guidance of Professor Hojung Shin both won the grand prize at the biannual conference during the Hyundai Motors University Students’ Competition held on November 2nd at the Seoul University SK Business Administration Building held by the Korean Production and Operations Management Society. The Biannual Conference this year held to celebrate the 30th anniversary of the Korean Production and Operations Management Society under the theme “The Past 30 years and the Future 30 years of the Korean Production and Operations Management Society,” took place in the order of welcoming address, basic lecture, presentation of conference sessions, Hyundai Motors University Students’ Competition, planning session, closing ceremony and award ceremony. During the event, 14 teams competed in the areas of econometric analysis session and case study session competing based on the creativity and the development of future ideas. In the econometric analysis session, the Kokuma team (team members Cheong TaekHee, Kim MiSong, Lee NaYoung, Chae Songi) won the grand prize based on their idea, “Improvement of the 119 emergency processor” and the TMS team (team members Yoo MinSeok, Kwon MinKyoung, Lee JuHyoung, Hwang SeYeon) won the grand prize in the case study session based on their method, “The proposition of the method of constructing the EV dead battery reverse process.” According to the representative of the Kokuma team Cheong TaekHee (Business’13), “through the technology development of the 4th Industrial Revolution, the reduction and efficiency of the overall art of supply in various fields is being realized but it is becoming more difficult to take advantage of this golden time in the emergency process directly related with life,” and therefore they viewed the emergency process from the point-view of a one service SCM and suggested corrective measures. The Kokuma team actually analyzed the over 60000 collated data of the emergency ambulances’ movement for 2 weeks and studied the related problems econometrically and suggested corrective measures accordingly. Also Mr. Cheong said as he gave his winning address that, “this econometric approach was very critical in winning this award and continuous consulting feedback of Prof Shin Ho Jung and all the conference members of KULSOM was also very helpful”. According to Kwon MinKyoung (Business‘16) of the TMS team as he talked about selecting their topic, “The proposition of the method of constructing the EV dead battery reverse process,” that they took the approach of finding current problems and tried to develop solutions to them. The demand for electric cars is rising rapidly worldwide and Korea also in its effort to reduce carbon dioxide emission is also increasing the supply of electric cars but due to a deficient system, its efficiency is not being maximized and so they conceptualized the problem from this point of view and wanted to construct a reverse process that will invent a solution that will help to continuously achieve the true possibilities of electric cars. In addition, the factor that enabled them to win the grand prize is “team work”. According to Kwon, “the gathering of different people with different personalities to discuss about the topic and exchange feedback based on what each person had researched helped us to develop consideration for one another in the process and therefore we were able to benefit from the synergy effect that resulted from that.” The Professor that consulted and advised the two teams that won the grand prize, Professor Hojung Shin said, “for two years now, we have consecutively won the grand prize. I am very proud of our students who are gradually writing the history of KULSOM which emphasizes teamwork and harmony.” Meanwhile it is important to note that the Korean Production and Operations Management Society since its conception in 1988 till this year as it celebrates its 30th anniversary has seasonally held the spring and summer biannual conference to present and discuss the issues in Operations Management and has been publishing the Korean Production and Operations Management Society Journal four times a year.
Finland’s Minister of Labor visits KUBS Startup Institute
Finland’s Minister of Labor visits KUBS Startup Institute The Embassy of Finland on Monday, November 19 visited the KUBS startup institute (Dean Jae Wook Kim). For this visit, Jari Lindström, the minister of labor of Finland himself took an interest in the human resource development and achievements of the startup institute and so contacted the business school and paid a visit to the institute. A 9-group delegation from the ministry including the minister, Lindström, as well as 2 representatives of the Finland Embassy were part of the visitation and were received by the dean of the business school Jae Wook Kim, director of KUBS Startup Institute Professor Hicheon Kim, director of Seung Myung-Ho Center for Entrepreneurship Education Professor Shijin Yoo, Associate Director Professor Daeyun Park and the representative of the dreamary startup GunWoo Shim. KUBS introduced the startup institute’s management system and training program to them as well as the current status and vision of the Startup. The detailed program involved an introduction of the startup institute, introduction of the startup dreamary and a Q&A session in that order. The Dean Kim indicated in his welcoming address that, “it is an honor for the startup institute to welcome the minister of the ministry of labor of Finland and the delegates of the Finland Embassy and this will be a good opportunity for the startup institute and the government of Finland to share about the system of fostering startups. In the Q&A session that followed, the members of the startup teams of the startup institute inquired about the possibilities of operating in the global market. The director Hicheon Kim answered that, “the startup institute is supporting talented students in the direction of their aims and is considering various ways through which the startups will not remain localized within Korea but will expand their dreams even unto a wider stage. The minister, Lindström, expressed his surprise at how much successes the startup institute has chalked within the space of 2 years after being opened and said that he hoped, “the excellent human resource talents of the startup of Korea will also play active roles in Finland as well.” More articles (in Korean) [베리타스알파] 야리 린드스트롬 핀란드 노동부 장관, 고려대 방문 [천지일보] 야리 린드스트롬 핀란드 노동부 장관, 고려대 경영대학 스타트업 연구원 방문 [에듀동아] 야리 린드스트롬 핀란드 노동부 장관, 고려대 경영대학 스타트업 연구원 방문 [대학저널] 야리 린드스트롬 핀란드 노동부 장관, 고려대 경영대학 스타트업 연구원 방문 [연합뉴스] 고려대 경영대 스타트업 연구원을 방문한 핀란드 노동부 장관 [연합뉴스] 핀란드 노동부 장관, 고려대 경영대 스타트업 연구원 방문 [연합뉴스] 핀란드 노동부 장관, 고려대 경영대 스타트업 연구원 방문
2018 G-MBA Alumni Night, Successfully Ended
2018 G-MBA Alumni Night, Successfully Ended The “Alumni Night” of Korea University Graduate School of Business (Dean=Jae Wook Kim) Global MBA (hereinafter G-MBA) has successfully been held. The event was held Friday, November 16 at 7:30 pm at the “Riverside Hotel Nobella Hall.” On this day, about 80 distinguished alumni including Dean Jae Wook Kim, Associate Dean Dongwon Lee, G-MBA Program Director Professor Yong Keun Yoo, and the newly appointed Program Director Professor Kwanghyun Kim were present to grace the occasion. The first part of the program begun with the opening address of the president of the 10th cohort of the G-MBA program YoungSoo Song. As part of welcoming the gathering, president YoungSoo Song said that, “the opportunities to meet and have exchanges with fellow alumni are not many. It has always been my concern how we can have frequent gatherings. Thank you so much for coming today”. The just past overall president of the alumni association KyungSub Lee of Posco Construction also addressed the gathering. “It has been about 8 years since we started the year-end-party and every year when we meet, I cannot hide my delight. I think it is a very meaningful gathering”, he said. The Associate Dean Dongwon Lee as he gave the congratulatory message also said, “the reason why the G-MBA has become so much developed is due to the contributions and efforts of the alumni. I wish you have a wonderful time.” After the first part of the event, the alumni proposed a toast among themselves and enjoyed to their heart’s content while socializing among themselves. Despite his busy schedule, the Dean Jae Wook Kim who passed by the occasion extended his greetings to the gathered alumni. He said, “I wish you enjoy today to your full and I wish you end this year well and welcome the new year healthy.” The second part of the event followed with some event quiz and a draw with some lucky winners and ended with a time for networking. Check out more photos
2018 KUBS Challenge Case Competition
2018 KUBS Challenge Case Competition ‘2018 KUBS Challenge Case Competition’ organized by Korea University Business School was held on November 3, 2018. KUBS Challenge is a case competition that a team formed of 4 KUBS students presents business case studies within given time. The number of applicants were a total of 13 teams, 52 students, of which 12 teams presented the analysis on the case. KUBS Challenge started off with Professor Tony Garrett’s welcoming speech. Professor Tony stated “It will be a great opportunity for our students to compete with other countries’ great students if the students participate in the international competitions which are the prizes for gold and silver medals” and that he will “encourage our students to participate in many other international competitions and will hold this case competition more often given its importance.” Total 12 teams (△LEGIT △Fourever △MAGNUM △InsideOut, etc.) presented at this competition. Those teams had to analyze Monte Calcados’s case; looked for this company’s success factors, inferred strategic plans based upon challenges and opportunities. The competition consists of 13min of presentation and 7min of Q&A session. The committees are △KUBS professor Hojung Shin, △professor Tony Garrett, △professor Young-Kyu Kim, △professor SOHN, BUMJEAN, and △the operations director of Nthing Seungsoo Han. Out of all 12 teams, △the Tigers Consulting Group, △Make it Real, △180 Degress Consulting and △Elephant in the box teams went up to the final round and had to answer more in depth questions from the committees. The winner, the Tigers Consulting Group (TCG) team stated that “it wasn’t easy to prepare all these within a very short period of time, it was such a good experience and I felt such accomplishment. For the training period, we want to learn from each other’s strength to become an excellent team. This competition’s winner, the Tigers Consulting Group (TCG) got an invitation to participate in “McGill Management International Case Competition 2019” hosted by McGill University in March 2019. Their airfares, accommodations will be provided, as well as the training sessions. On the other hand, a silver medal winner “Make it Real” will participate in “Global Business Case Competition 2019” organized by University of Washington. Gold, Silver, and Bronze medalists will get the extra points when they apply for KUBS International programs.
2018 Fall Campus Tour
2018 Fall Campus Tour KUBS student wannabes' one day experience in Korea University Business School Korea University Business School (Dean=Jae Wook Kim) hosted '2018 Fall Campus Tour & Greeting Day with Teenagers' on November 10 (Sat) in Hyundai Motors Hall. It was prepared and held by KUBS student ambassador (KUBE), and after considerate screening process, 85 high school students from 59 different high schools participated in the event. Regular Campus Tour is designed to give some idea what KUBS does to high school students who are interested in 'Business Administration'. This 2018 Fall Campus tour consists of △Introduction of KUBS △Introduction of 7 Areas of Major in Business △Campus Tour △Academic Mentoring with KUBS students. High school students who participated in this tour attended lecture about KUBS and what Business Administration is. After the lecture, students took a tour around campus under the lead of KUBE, and took a detailed look of Korea University Centennial Memorial, Tiger Statue,and Central Library etc). Ho-jung Lee (Business 15), who took a position of MC in this tour told that he is happy to meet future KUBS students here and hope they can all receive an admission from KUBS and hope to meet them again. Furthermore, KUBS will host Campus Tour periodically (every semester) for high school students who want to enter KUBS. Through this event, we want to help how teenagers can set their career goal and studying plan, providing diverse opportunity to experience. Aside from Campus Tour, KUBS is going to host 'Mentoring day for Teenager' targeting high school sophomores which are all freely provided. 2018 가을 정기 캠퍼스 투어 사진
Joint Event of AMP 85th & 86th Generation
Joint Event of AMP 85th & 86th Generation Korea University Business School's Advanced Management Program (Hereinbelow AMP)'s joint event between 85th and 86th generation was held on October 22nd (Mon) in HM 301. The purpose of this event was to maximize good relationship between 86th generation who is currently studying in school while 85th generation is working in the field. AMP alunmi session provides various special lectures covering not only Business & Economics field but also Humanities, Liberal Arts and diverse courses that help to manage a company. In the event, total 50 personnels participated which is a sumation of both 85th and 86th generation. First class was taught by Seon-woo Kim, Professor from CHA Medical School under the main topic of 'How to make smiling body'. Professor Kim explained about the importance and function of muscle and way to strengthen our muscles. Through the suggestion of Professor Kim, everyone stood up and conducted small exercise which helps muscle to stretch out. During the Q&A session, many AMP students and alumnis asked actively about body health. Professor Kim answered thoughtfully that 'Health is one of the most important value for which we can't compare anything with'. Second class was taught by Jong-hoon Jung, CEO of 'NeoNaDeli' under the topic of 'Translating old future through traditional music'. Mr. Jung, who graduated Seoul National University majoring Korean Traditoinal Music and won Dong-A music tournament said that he prepared this lecture with a purpose of making students more familiar with korean traditional music. Furthermore Mr. Jung said that we can include music that shows 'our' culture as 'Korean' music, not only traditional ones, emphasizing everyone can enjoy it. He further showed many videos that recorded korean music played with traditional instruments. After this joint session, 85th & 86th generation had time to build up relationship and many people from various industries like private companies, Government-supported industries, government owned companies etc) participated.
Dean Soo Young Kwon Attended the AACSB 2018 Asia Pacific Annual Conference
Dean Soo Young Kwon Attended the AACSB 2018 Asia Pacific Annual Conference Dean Soo Young Kwon attended the AACSB 2018 Asia Pacific Annual Conference hosted at NUCB Business School from October 29 to 31. Deans and professors from renowned business schools in the Asia Pacific region participated to this conference and covered the issues that occur in the Asia Pacific region including strengthening regional business school partnerships, rethinking entrepreneurship, social responsibility for (future) leaders. At the conference, Dean Kwon had a presentation on <Strengthening regional school partnerships>. He emphasized that the Korea University Business School has endeavored to partnered with business school in Asia and presented the various partnership cases with the example of the Asia MBA joint-degree program with Fudan University in China and Singapore National University, partnership with renowned universities in Asia, Asia Tri-lateral Seminar, case development with the Renmin University in China and Global Immersion Program. Furthermore, in order to strengthen a partnership among Asian Business Schools, he suggested that business schools should develop creative and unique contents that are only available in Asia, transform practice into knowledge, and share it with each other.
Civil Service Examination Alumni Mentoring 2nd Seminar
Civil Service Examination Alumni Mentoring 2nd Seminar On October 12th, Civil Service Examination Alumni Mentoring was held by KUBS Career Center in LG-POSCO building. While last Seminar handled mainly about how to prepare this exam, this second seminar mainly focused on the real work life story of working as a civil officer. KUBS Alumnis Seung-hoon lee (Business 05), Yeon-mi Kim (Business 09), Yeon-jae Yoo (Business 09), Dong-eun Oh (Business 11) participated in this event and shared various and precious advices to KUBS students. In Part 1, discussion mainly focused about those 'Frequently Asked Questions'. To the question, 'What is the most demanding work in real situation?', Yeon-mi Kim who is currently working at Ministry of Economics and Finance answered that as she is placed in 'Foreign Relationship Department Trade Arbitration Division', there exist works that need to be urgently handled to resolve relationship between foreign countries, thus overall works are unpredictable and irregular with high workload. But she is highly satisfied with her duties feeling that she is representing South Korea in International Society and being very helpful in handling disputes between polices of governments which eventually supports National Economy. In Part 2, time was mostly spent by Q&A session with high interaction between Mentors and Mentees. For question asking whether majoring business actually helped to pass the exam and whether it helps when working, Yeon-jae Yoo answered that through Business Strategy course he could learn the basics used in working environment. Seung-hoon Lee responded continuously that Financial Management course helped him to receive high score in Economics division in the exam and it was certain that what he learned by majoring Business Administration was helpful. For the question whether studying for Civil Examination Exam helps when preparing for Private companies, Dong-eun Oh replied that preparing for PSAT helps when we study for private companies' personality test and when one prepared for Ministry of Strategy and Finance, it would be helpful when one applies for government-owned financial institutions. About two hours, many genuine informations were shared between mentors and mentees through active interaction. These four mentors cheered up fellow wannabes to make sure to find own way of studying and pass the exam.
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.
Korea University’s E-MBA Ranked 38th in the World by Financial Times, Top in Korea for Eighth Consecutive Years
Korea University’s E-MBA Ranked 38th in the World by Financial Times Top in Korea for Eighth Consecutive Years Executive MBA Ranking 2018 by the Financial Times, Top 100 E-MBAs KU’s higher rank than △Columbia Business School (40th) △Cornell University (52nd) In World’s Top 100 Executive MBA Rankings by the Financial Times, E-MBA at Korea University Graduate School of Business (Dean Soo Young Kwon) placed the top in Korea. It was the top rank for the eighth consecutive years, demonstrating the excellence of practice-based curriculum at E-MBA at Korea University Graduate School of Business. It is a way higher rank than that of renowned business schools such as △Columbia Business School, 40th △UCLA: Anderson, 49th △Cornell University: Johnson, 52nd △Rice University: Jones, 79th. The top place in the world went to E-MBA jointly operated by Kellogg & HKUST Business Schools. In South Korea, E-MBA at Yonsei University placed 51st, which was the second rank followed by Korea University. Each year, the FT Ranking determines top 100 universities in the world based on the rate of salary increase and career progress, the proportion of doctorates among faculty, and international index. This year Korea University’s E-MBA received high scores on △salary increase rate △career progress as well as △faculty with doctorates. This is a remarkable outcome given its rank by a single MBA program run by a single institution. In fact, the majority of E-MBA programs in the Asian region are operated jointly by more than two institutions, while Korea University’s E-MBA is conducted independently. In addition, in the comprehensive ranking of last three years, Korea University’s E-MBA ranked 27th in the world, top in Korea (24th in 2016, 20th in 2017, 38th in 2018). It is an outstanding result, followed by world renowned institutions △Kellogg/WHU Beisheim (26th) and △IMD (26th). One and Only World Class MBA, Executive MBA at Korea University Executive MBA at Korea University was established in 2003. It was the very first E-MBA program commenced in Korea, targeting creative global CEO. Eligible candidates are senior managers and executives with a minimum of 10 years’ experience. This two-years weekend MBA program is taught by faculty who are committed to excellence in teaching. The candidates will be learning at lecture rooms and lounge reserved only for E-MBA candidates. In addition, E-MBA program manager provides assistance to guarantee the best learning experience.
Korea University Top Ranked in Korea, 82nd in the World - ‘2018 KUBS World Business Research Ranking’
Korea University Top Ranked in Korea, 82nd in the World ‘2018 KUBS World Business Research Ranking’ Based on 40 thousand publications by 86 business journals 1st place University of Pennsylvania, followed by Erasmus University Rotterdam, the University of Michigan at Ann Arbor Korea University top ranked in Korea, 82nd in the world- only university placed in the top hundred Korea University Business School (Dean Soo Young Kwon) reaffirms its reputation this year. In the KUBS Worldwide Business Research Ranking™ (‘KUBS Ranking’), Korea University ranked the 82nd among the top universities in the world. KU is the only institution in Korea that has been placed in the top 100 universities. Since the commencement of the KUBS Ranking in 2015, Korea University placed the top in Korea for the fourth consecutive year, demonstrating its excellence. The top place in the world went to the University of Pennsylvania, the U.S. for the second year. Erasmus University Rotterdam, Netherlands and the University of Michigan at Ann Arbor, the U.S., ranked as the second and third best universities respectively in the world, as they did last year. The National University of Singapore placed as the fourth, which was the top placed university in the Asian region. City University of Hong Kong (8th) and the Hong Kong Polytechnic University (17th) were the other two institutions in Asia that were ranked in the world's top twenties. Among universities in South Korea, Korea University achieved a remarkable ranking (82nd), far outstripping △KAIST (108th) △Seoul National University (176th) and △Yonsei University (220th). Korea University is the only university that has been placed in the top hundred tertiary education institutions in the world, 10th in Asia. Rank Name of School Country 1 University of Pennsylvania USA 2 Erasmus University Rotterdam NLD 3 University of Michigan at Ann Arbor USA 4 National University of Singapore SGP 8 City University of Hong Kong HKG 17 Hong Kong Polytechnic University HKG 82 Korea University KOR 108 Korea Advanced Institute of Science & Technology KOR 176 Seoul National University KOR 220 Yonsei University KOR 300 EDHEC Business School FRA Released every Fall, ‘KUBS World Business Research Ranking’ assesses research performance of business schools in the world, based on 40 thousand publications by 86 business journals. The institutions are ranked in the order of its comprehensive index, which involves worldwide rankings, rankings by academic area, rankings by journals. KUBS Ranking assesses seven academic areas in business including △Accounting △Finance △Management △Management Information Systems △Marketing △Operations Management & Management Science (OM/MS) △International Business (IB) & Strategy. This year, the Ranking of 300 universities was released based on publications during the five years from 2013 to 2017, with a comprehensive score reflecting the number of authors and the institutions. Whereas the UTD Business School Research Rankings™ adopts the weighted value on 24 American journals, KUBS Ranking evaluates the world’s business schools without adopting weighted value by region, through which unbiased assessment is possible. Dean Soo Young Kwon commented that “KUBS Ranking has become one of the most reliable rankings by adopting cumulative database of renowned business journals.” “I expect KUBS Ranking will be widely recognized as a reliable indicator that reflects academic performance of top business schools across the world.” More details of KUBS World Business Research Ranking can be found at kubsranking.korea.ac.kr
Dean Soo Young Kwon Attended the 7th International Business School Shanghai Conference (IBSSC)
Dean Soo Young Kwon Attended the 7th International Business School Shanghai Conference (IBSSC) Best business school conference held by Shanghai Jiao Tong University Dean Soo Young Kwon attended the 7th International Business School Shanghai Conference (IBSSC) on October 22nd and 23rd. The 7th IBSSC is one of the best business school conferences which was held by Shanghai Jiao Tong University, celebrating its 100th year of establishment. A total of 250 participants were invited to the conference, including deans from renowned business schools and institutions, CEOs at globally renowned corporates and policy-making authorities. The main theme of the conference was to discuss the role and impact of business schools in academia, businesses and the society, given the business schools’ large influence on the global society. At the IBSSC, Dean Kwon had a presentation on <The Corporate Impact of Research in Business> where he pointed out that despite their achievements, there are limitations on the researches at business schools and to be able to contribute to thoroughly understand the corporate structure, culture and individuals’ behavior. Therefore, Dean Kwon argued that business schools must facilitate joint researches with firms, reconsider the protocol of reward for professors’ academic performance, and hold academic forums that reflect the business practice in order to have a greater impact on business and the society. Furthermore, he suggested the academic staffs including professors and researchers to be familiar with the business practice, because of the nature of the business studies that highly demand practical knowledge. Dean Kwon concluded the presentation by encouraging professors at business schools for their further contributions so that business schools have a positive impact on business. Dean Soo Young Kwon, on his presentation at IBSSC
Fall 2018 KUBS Scholarship Award Ceremony
Fall 2018 KUBS Scholarship Award Ceremony …A Total of 38 KUBS Scholarships to 170 Students On October 19th, the Business School had the Fall 2018 Scholarship Award Ceremony at Ahn Young Il Hall, LG-POSCO Building. Scholarship donors and holders of a total of 130 KUBS students participated in the ceremony. The list of scholarship donors who attended the ceremony was as follows: CEO of Musical House GoMaWo Korea Moon-Yong Lee; President of Namchon Foundation Chul-Ki Choi; Vice Chairman of Small Lock Investment Deok-Hee Cho; Chief Vice President of KUBS Alumni Association Ja-Hyeong Koo and Executive Secretary Sung-Ho Oh; Executive Vice President of HR Department at Hyundai Motor Group Won-Jin Kim; Senior Vice President of KCC Corporation Jong-Kyoon Yoo and HR Executive Manager Han-Seung Nam; Jin-Hyung Jang from Geun Chang Kim Scholarship Foundation; Secretary General of KUBS MBA Alumni Association Jung-Kwon Kim and Executive Secretary Hyo-Jong Ahn; Head of Advisory at KPMG Korea Goo, Seung Hoe and Partner at KPMG Kong, Young Chil; and CEO of Darwin Technology & Finance Yong-Dong Yeo. After a brief introduction of the guests, Dean Soo Young Kwon commenced the Ceremony by his welcoming remark. Dean Kwon said “Thank you all for your contribution and attendance to the ceremony. And I would also like to thank the students who are here today, during the mid-term exam period.” Dean Kwon continued, “I believe this is an exceptionally largest number of scholarships available to students from a single faculty. Thank you again for making such thoughtful and valuable contributions to junior students at KUBS.” Then the ceremony was followed by the awards of scholarship certificates to the holders. A total of 38 types of scholarships were granted to KUBS students this semester, including △KUBS Dream Scholarship (60 holders) △Future Scholarship (30) △Namchon Scholarship (13) △Soam Scholarship (12) △Yangyeong Foundation Scholarship (8) △Geun Chang Kim Foundation Scholarship (7) △AMP Alumni Association Scholarship (6) △MnJ Foundation Scholarship (4) △Geum Cheon Scholarship (4) △Chang, Jyh-ping Scholarship (4) △Scholarship by the 85th AMP (4) △Kowon Simwoo Foundation Scholarship (3). Scholarship holders were a total of 170 students inclusive of duplicated grants. (From left) Senior Vice President of KCC Corporation Jong-Kyoon Yoo, Secretary General of KUBS MBA Alumni Association Jung-Kwon Kim The scholarship donors and holders then had a banquet, with a chance to talk to each other. After the banquet, the donors made speeches, and a student had a thank-you speech on behalf of all scholarship holders. On his remark, Senior Vice President of KCC Corporation Jong-Kyoon Yoo said, “I am only doing what my seniors did for us. I hope all students here today to be leaders who influence the society.” Secretary General of KUBS MBA Alumni Association Jung-Kwon Kim also said, “I hope the meaningful contributions continue to the next generation at KUBS. Students here today will also be able to set a good example to your junior students.” (On the left) Head of Advisory at KPMG Korea Goo, Seung Hoe In addition, Head of Advisory at KPMG Korea Goo, Seung Hoe said, “I am very happy to be part of this contribution since last year, and to meet my junior KUBS students. At the same time, it is very rewarding for me as well. I hope you remember the spirit as KUBS students, even after your graduation.” Scholarship holder, Myung-Koo Kang (Business’11) on his thank-you speech In response to the donors’ speech, Myung-Koo Kang (Business’11) thanked the guests on behalf of all scholarship beneficiaries, “The scholarship means a lot to me. It enabled me to plan my future, and it makes me resilient not to give up.” Heartfelt thank you for your priceless supports. I will not forget today and I promise I will support junior KUBS students, as you did for me.” The ceremony closed with a photo shoot afterward. This semester, Korea University Business School provided scholarships of a total of 400 million won contributed by 38 types of scholarships. More than half of the enrolled students (53.2%) are under scholarship including duplicate grants from the university and the government.
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.”