Finance MBA 나현승 주임교수님 인터뷰
Interview with Finance MBA Program Director Na Hyun Seung Q. Please briefly introduce yourself and the F-MBA course Since January of this year, I have been the program director of F-MBA. I am a faculty member of the finance sector, and I teach and study topics of corporate finance and corporate governance. Although the F-MBA program has a history of 13 years, last year it has changed to a two-year part-time course from a one-year full time course, and the overall nature of the course, including its curriculum and membership, has changed dramatically since last year. In the process, former director Jung Ji Woong worked very hard, and I have taken over from this year to pursue both stability and change. The purpose of F-MBA is to foster financial experts who lead change in the financial industry through an independent Part-Time MBA program specialized in the financial sector. In line with the rapidly changing financial market and the trend of the times, we aim to help students acquire not only traditional financial theories but also new and practical financial knowledge and thinking abilities, and to have the ability to apply it in practice and lead changes in the financial industry. Q. What do you think of any future changes in the direction of the program's? The first generation of alumni will be released at the end of this semester after the part-time course transition. Based on my experience during the first two years, I think my current challenge is to maintain the overall direction of the program while increasing the level of detail. Based on trials and errors that were inevitable in the initial trial and error process, we are reorganizing the curriculum in part, and we are also planning to set up a field trip to see foreign financial markets based on the opinions of our students. Also, a cross-registration system is on the process of settling down so that students may take general business administration courses of the Korea MBA within certain limits. We intend to continue to develop new subjects that reflect future trends in financial markets and are more subdivided into various sectors of the financial sector so as to achieve quantitative and qualitative growth through specialized courses in the financial sector. Q. What are the advantages of Korea University's F-MBA which is different from other schools and courses? First of all, it's an independent process specialized in finance. Instead of having some additional finance-related subjects added to the general MBA course, the entire two-year process focuses on the knowledge acquisition required by the financial industry. Therefore, they are more specialized for students who are engaged in the financial sector or want to enter the financial sector compared to other courses. Second, it is a process that reflects not only traditional themes and knowledge, but also recent changes in the financial industry and practical aspects. For example, we train computer programming, big data and machine learning, including R and Python, to reflect the recent trend in the financial industry that has been associated with rapidly evolving IT. In addition, we invite working-level experts, who are mainly active in the financial industry, to share living knowledge of the site. Last summer, we invited experts in private equity, venture capital, investment banking, asset management, etc. to give special lectures. In general, we also have working-level experts participating to deliver knowledge that is helpful to our business. Q. Please say something to those who dream of becoming a prospective MBA. The financial market is changing rapidly. In particular, technological developments such as fintech, big data, artificial intelligence, and blockchain are converging with the financial industry, creating a completely new market environment, and various regulatory changes to accommodate them are also being discussed. Even today's financial workers may feel insecure about the changes and are also feeling the need for education on new trends. The F-MBA is open to those who want to actively embrace these changes, respond and lead. I want you to share your experience and passion with the F-MBA and prepare for a new future.
“Top MBA Program Specialized in Asian Economy”… Interview with the 10th S³ Asia MBA Students
The 10th S³ Asia MBA Continuing Students: Do-Yoon Kim, Prakriti Khanna, JoongKyu Ahn “Top MBA Program Specialized in Asian Economy” S³ Asia MBA at Korea University Graduate School of Business is a program offered by 3 business schools in Asia: Fudan University, China; National University of Singapore, Singapore; and Korea University. This 3 semesters program allows students to spend each semester in 3 different countries in Asia, which will be a unique cultural experience for them to be regional specialists. We met 3 AMBA students to hear their thoughts about the MBA program and their business plans in Asia region. Q. Could you briefly tell us about yourselves. Do-Yoon Kim | My name is Do-Yoon Kim, I am taking AMBA program. I am a Korea University graduate, majoring in life science. I have worked for ‘Korea Tooth Bank’ nearly 3 years before I started my MBA. Prakriti Khanna | I am Prakriti Khanna, I am from India. I used to work for Deloitte, back in my country for 2 years. JoongKyu Ahn | My name is JoongKyu Ahn. I have 9 years of experience at Nexon. I was a part of management team at the online game company. Q. Could you tell us how you started your MBA? What was the reason that you chose S³ Asia MBA? Do-Yoon Kim | In fact, I was thinking of taking MBA abroad. Then I read about AMBA on the University’s newsletter. I was fascinated by the fact that you can graduate with 2 degrees, one from KUBS and the other from either Fudan University or NUS, within one and a half year. Since I am interested in the Asian market and looking for a job in Asia, I knew AMBA is just the right choice. Fudan University and NUS are both renowned universities, so I assumed the courses would be very rewarding too. Prakriti Khanna | I applied for the MBA because I wanted to pursue a different specialty. When I worked for Deloitte, my specialty was in private equity. However, I have been wanting to learn more about investment. I thought that I need to build a strong background in finance, as well as entrepreneurship and management in general. So AMBA seemed to be perfect to fulfill my academic interest, not to mention I get to take courses in 3 different cities during the program. JoongKyu Ahn | I thought the best thing about AMBA is that it is guaranteed that you spend semesters in 3 different countries in Asia. Unlike exchange programs, you do not have to have research or prepare applications for your overseas study experience. After graduation, I would like to work for IT or FinTech companies in Singapore. Q. From what you’ve experienced, what are some of the strengths of AMBA? Do-Yoon Kim | KUBS’s AMBA offers small-sized classes, compared to other MBAs. There are 21 of us now, the 10th AMBA Class. Also, I need to point out that you get one and a half year in 3 different cities, with your 21 AMBA classmates. You build a very special and strong bond with classmates from diverse cultural backgrounds. In particular, I remember times when I counted on Chinese or Singaporean students when we went to their countries. I should also mention one of the courses <Asian Business Insights>. The course opens at the three universities, which allows you to visit business organizations there. It is a great chance to learn business practice in Asian countries. Prakriti Khanna | During the program you stay in different cities which can be tough, but at the same time, I think that is one of the best things about AMBA. For a year and a half, you get used to one place and then move to the next city. Apart from the classes, the program gets you to learn how to adjust and live in a new place. And spending times abroad with my classmates has made us build close relations. As Do-Yoon pointed out, because of the small-sized class the teaching quality was very outstanding too. JoongKyu Ahn | Korea University, Fudan University and NUS were each established in 1905. They are all renowned institutions with a long history. So during the program, you will be able to learn from recognized teaching staffs. The universities provide diverse student supports including career development programs, too. Q. What sort of support does AMBA offer in terms of student network? Do-Yoon Kim | Basically you will start your first semester at Fudan University, where you attend an additional orientation at the beginning of the semester. Besides an orientation held at Korea University, you meet classmates from diverse backgrounds on the orientation day. Also we have AMBA Alumni Association where professors also participate in the regular events. Prakriti Khanna | For the semester held at Fudan University, we take courses with International MBA students at Fudan University. During orientation sessions, we got to know each other and got closer during the semester. We also had other events held for us at Fudan University as well, which I assume this is pretty much how it will work on our next semester at NUS. JoongKyu Ahn | As Do-Yoon mentioned earlier, I think the Alumni Association is one of the strong student network offered by AMBA. In addition, there are alumni associations of Fudan University and NUS in Seoul, which AMBA alumni are also part of. In addition, there is an MBA association of 8 universities in South Korea, which AMBA alumni are eligible to be members. So overall we have 5 to 6 alumni events in a year, and they hold very great events. The AMBA 10th Students, at Fudan University (Picture by = JoongKyu Ahn) Q. You completed your first semester at Fudan University. Any thought on courses or life in China? Do-Yoon Kim | I don’t speak fluent Chinese, so my classmates helped me a lot. Also two of my roommates speak fluent Chinese, which was a relief. During the first semester, my Korean classmates supported each other a lot, and my friends from China gave us great help as well. Since we attend lectures together with International MBA students at Fudan University, they helped AMBA students a lot, too. Prakriti Khanna | I was pretty satisfied with the courses in general. I liked <Managerial Communication> and <Managerial Economics> in particular. The teaching staffs were really amazing especially my economics professor. I was happy with <Financial Accounting> as well, because the professor often referred to practical examples in the lectures. As regards life in general, I think modern facilities in China were very impressive too. The only issue was my language fluency, I am not fluent in Chinese and it was an issue at first. However, I got used to it and I was able to complete my first semester in China. JoongKyu Ahn | I was actually pretty impressed by the country in general. It was my first time visiting China, and it was so different from what I had in mind. For example, I was surprised how dynamic and international Shanghai is. I was also surprised to how pervasive mobile pays are in China – you can make payments even at stalls on the street via WeChat or Alipay. Q. How do you feel about your current semester at Korea University so far? Prakriti Khanna | Pretty good, actually. I feel international students in our class find it easier to catch up with classes this semester, compared to last semester in China. Korea University offers Korean language programs and people in Korea understand English well when I get stuck with my Korean. My Korean friends took me to cultural events as well, such as cherry blossom festival and other social events. It is also great that sometimes you can have lunch or dinner with your professors here; it is great to talk about things other than the course. I am also very satisfied with the fact that I can learn from the teaching staffs who have degrees from world-renowned universities. Q. Do you have any advice for those who are thinking of taking AMBA? Do-Yoon Kim | The best thing about AMBA is that you build unique and strong relations with classmates. You will be able to learn a lot from your experience living in 3 different cities. Prakriti Khanna | I am aware that there are thousands MBA programs out there. However, two things need to be taken into account: ‘what do you want to learn from MBA’ and ‘your career plan after your MBA’. Since each MBA has a different emphasis, you need to have a close look before applying. JoongKyu Ahn | I would advise you to focus on ‘what made you consider taking MBA’. If you can answer that, work on your new plan as soon as possible. I have spoken to an MBA student from Italy back at Fudan University, (s)he was 23 years old which is quite an early age to start an MBA. I guess as long as you have a clear sense of goal, the earlier, the better. [AMBA] Click here to see the full interview
[Global MBA/MIM] “A Wide Variety of Pathways Meeting a Variety of Student Needs”
[Global MBA/MIM] “A Wide Variety of Pathways Meeting a Variety of Student Needs” “When I was looking up for MBA programs in South Korea, I paid attention to how Korea University’s MBA is well-organized and adaptable to business practice in reality. In particular, Global MBA’s Dual Degree Track seemed to have the perfect curriculum that I was looking for.” “The unique degree pathway offers you to graduate with 2 MBA degrees from 2 universities – one from Korea University and the other from overseas university, after the completion of 1 year at each institution.” “ESCP is one of Grandes Écoles, 3 best business schools in France. It is such an honor to be able to learn and graduate with an ESCP degree.” [Global MBA/MIM] Click here to read the interview of Mr. Seok-Hyun Lim, Dual Degree Track “You will be able to learn the business operation of multinational corporations with students from diverse backgrounds.” “There is a requirement that at least one institution per a nation joins CEMS Alliance. Japan’s CEMS partner school is Keio University, which is lucky for me because I have always wanted to study at Keio University.” “Global MIM allows students to meet and network with students across the world: Europe, South East Asia, and Japan. I am sure this wide network will be a great foundation for my business.” [Global MBA/MIM] Click here to read the interview of Mr. Woo-Jae Byun, CEMS MIM
KUBS’s CPA Preparation Program ‘Jeongjincho’ Achieved a Remarkable Outcome
KUBS’s CPA Preparation Program ‘Jeongjincho’ Achieved a Remarkable Outcome Highest Pass Rate on 1st Round CPA Exam KUBS is proud to inform you that the School achieved the highest pass rate in the country on the first round Certified Public Accountant (CPA) exam 2018, far outstripping other universities in South Korea. The 1st round result of 53rd CPA exam has been released on March 16. On this exam (February 11), Korea University has produced a total of 187 successful 1st round CPA candidates. 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’. (▶See Article) Korea University's business school runs the largest CPA preparation study group, Jeongjincho. Located on the third floor of the KUBS Main Building, Jeongjincho provides the best environment for students to focus on their studies. Jeongjincho offers a variety of learning materials including textbooks and lectures. The group also provides chances for students to meet with our alumni who passed CPA and currently work as accountants to give advice and support a strong network. Below is an interview held with academic advisor of Jeongjincho, Professor Han Sang Yi and Jeongjincho manager, Ha-Rim Oh (Business’11, CPA 52nd) about Jeongjincho. Jeongjincho Academic Advisor, Professor Han Sang Yi and Manager, Mr. Ha-Rim Oh Q. Korea University achieved the highest pass rate on the first round of 53rd CPA exam, what do you think was the secret to our students’ remarkable result on the exam? Professor Han Sang Yi | In fact, the first round exam was more difficult than we expected. On challenging exams like this, the key to success is to keep calm – don’t panic, do the best you can do. I guess this was not an issue for our students though, because Jeongjincho students were well-prepared to solve challenging questions. Q. You mentioned that Jeongjincho has contributed to the Business School’s outstanding performance on the exam. Could you tell us more about Jeongjincho? Professor Han Sang Yi | Sure, basically the first round CPA exam is held at the end of February and the second in June. Jeongjincho, therefore, opens applications after each round; 2nd round preparation group in March, a short-term intensive study group from July to August, in addition to 1st round preparation group from September. Applicants go through a thorough selection process, like a national archery team, and we select 69 students in the order of their performance on the entrance exam. Mr. Ha-Rim Oh | Once admitted, Jeongjincho students can participate in our structured training program. Students admitted on March should sit on practice exams held every month to prepare for the second round exam. Candidates must be prepared for 4 subjects on the second round CPA exam: Tax Law, Financial Management, Cost Accounting, and Financial Accounting. They take an exam on additional subjects, accounting audit. So it is indeed a very demanding exam to prepare. Students are asked to leave the group if they do not achieve satisfactory grades. Students admitted in September also go through practice exams and classes. Although it is a demanding program, our students stick to the end, building a strong bond among the group. Just so you know, you don’t necessarily have to be a business student to enter Jeongjincho, as long as you are a Korea University student who is willing to study for CPA exam. Q. How exactly the Business School support Jeongjincho? Could you give us details, please? Mr. Ha-Rim Oh | To start off, the School provides studying area to each of 69 students. Students gain access to a range of learning materials – about 40% of online class fees are supported by KUBS. More importantly, Jeongjincho students can receive the scholarship up to 15 million won per annum, funded by accounting firms. The scholarship goes to 10 distinguished students every year. Jeongjincho students also have free access to the key textbooks and reading materials. Jeongjincho Student supports is open to non-members as well. Any Korea University students can gain full access to updates of CPA exams and information sessions or job openings at accounting firms. If you add us on Kakao Talk Plus, you can receive information about signing up for classes and practice exams. Please note that accounting firms sometimes conduct information sessions in private, of which you can get updates from us. Practice CPA exams are available free of charge to all Korea University students. Mr. Ha-Rim Oh, Manager of Jeongjincho Q. What is the most challenging part for students preparing for CPA exams? Can you give any advice? Professor Han Sang Yi | Exam preparations are like a battle against yourself. Especially exams that demand long-term preparation, you feel vulnerable, unsure and weak, apart from external factors such as relationships. Seeing students’ struggle every day, I feel resilience is the key to success in exam preparation, being able to continue their steady work. Mr. Ha-Rim Oh | Back in my exam preparation days, the most challenging part was when the exam is getting close. I was exhausted mentally and physically, but that was when support from my friends at Jeongjincho helped me get over a hard time. Once I got improved grades right before the second round exam, I felt myself back on track, and I was able to keep it positive until the end. Q. (To Professor Yi) What do you think makes a great accountant? Can you think of any personality traits or skills that are best-suited for the job? Professor Han Sang Yi | In general, disciplines in business administration look at how to achieve their goal or maximize profit, if you like. They are quite one-dimensional compared to accounting. In accounting, sticking to its principle (convention of conservatism) brings about social benefits as well. That is why in the U.S., the term ‘public accounting’ is widely used for accountants who work at accounting firms. Apart from careers in public sectors, not many people put ‘public’ on their job titles. Accounting however is closely connected to public interest, so I think the society needs individuals with integrity and strong responsibility as accountants. Q. Could you give us any other advice on students who prepare for CPA or who is thinking of CPA preparation? Mr. Ha-Rim Oh | If you are thinking of CPA exam, I suggest you work on it. I presume the reason a lot of people feel they are not ready yet is because of the uncertain nature of exam preparation; that there is no finite duration of the exam preparation. They are worried that the amount of time they spent on exam preparation does not come to a good end. Nevertheless, I can assure you that regardless of the result, it will be worth the time spent. On a survey conducted by the Financial Supervisory Service, generally, it takes 3 to 4 years to pass the CPA exam. CPA preparation will be a great way to start off careers other than the accountant, so I would strongly suggest you prepare for the CPA exam. CPA is highly applicable to other professional areas. Professor Han Sang Yi | You know how accounting is often referred to as the language of business. I think it would be nice for any individuals to have some levels of accounting background, especially those in business, law or other public sectors. Accounting is crucial in the capitalist society – it is the foundation of decision making, performance evaluation and the distribution of resources. Moreover, people pay more attention to STEM these days (Science, Technology, Engineering, Mathematics). I guarantee you will not lose anything by studying accounting and statistics.
“Apply for Global MBA Now”
“Apply for Global MBA Now” Korea University Business School’s Global MBA (GMBA) has a growing reputation as one of the best MBA in Asia. <MY KUBS> met Oliver Hanearl Yi, Hyo-Jin Chang, and Mohit S. Gill to hear their stories at Global MBA. Q. What was the reason that you chose to study MBA at Korea University? Oliver | I finished my undergraduate study in the U.S., and I came here to start my MBA to learn business studies in depth that is applicable to my career. I wanted to come study in South Korea because of my Korean background. Hyo-Jin | while working in the marketing industry, I wanted to study other disciplines of business studies. After doing my research, I applied to the renowned MBA program at Korea University. Mohit | I studied marketing back in Canada. I wanted to learn business administration in depth so that I can pursue more specialized career. Thinking that Korea University offers distinguished quality of teaching, I came to Korea University. Q. Studying at Korea University, what do you think is the best thing about GMBA? Oliver | I was pretty impressed by the strong bond you build between students, and with alumni. If a strong network is something you are looking for, I would suggest you to definitely choose GMBA. Hyo-Jin | I am aware that MBA programs in general take up to two years. Korea University GMBA, however, is a one-year course, so I am sure an intensive one-year program is very efficient time-wise. Mohit | During the program you take 6 modules in a year. It is intensive but quite rewarding too. I would also like to point out the fact that we can take specialized courses from Module 4. Q. What do you think is the most important factor to take into account when choosing a MBA program? Oliver | Definitely the duration of ‘time’ you want to invest on your study. Generally, people who consider enrolling in a MBA already have professional experience, so the duration up to 2 years can be a long time. In addition, I think ‘quality of teaching’ is another important factor too. Hyo-Jin | If you are thinking of taking a MBA program, I would suggest 3 things to consider: ‘time’, ‘effort’, and ‘cost’. Since GMBA is a full-time program, you will need to quit your job to study. That is one whole year of studying so you do not want to waste any minute of it. I guess it is important to also keep in mind that you need to build a network with other students and focus on your study at the same time. When I was doing my research on MBA programs, I found that GMBA is cost and time efficient than MBAs at overseas institutions in general. So I think it is important to choose a program that is reasonable in many aspects. Mohit | I think it is important to focus on what you want to achieve from studying MBA. For example, I wanted to learn practical knowledge that is applicable to my professional experience, rather than focusing on theoretical aspects. That was one of the reasons why I came to KUBS, and I am pretty satisfied with learning about sales and marketing strategies of corporations in Korea. Q. Could you briefly share your plan after graduation? Oliver | I am thinking of going back to America joining the family business, or I would like to find something in South Korea. I am looking for a career in entertainment or cosmetic industry. Hyo-Jin | I would like to work at foreign affiliated companies. I used to work in marketing, but while studying I thought business strategy or finance might be interesting too. Mohit | My goal is to work at multinational corporations. I am looking forward to work in Asian market. I prefer Korean companies that has overseas branch, but I think a career in Japan, China, or Singapore would be great too. I am pursuing a career in brand marketing. Q. Could you please give a last advice to our readers who are considering GMBA? Oliver | I would strongly suggest you to keep an open mind; it is always nice to try new things. I guarantee it will be a great opportunity to meet and network with others. Hyo-Jin | If you are thinking of studying MBA, stop thinking and make your application. You will be able to experience a very unique and interesting culture during your study at Korea University too. Mohit | I recommend GMBA at Korea University because apart from anything else, you can build a strong connection in Korea. If you would like to engage in Korean culture while you study, it is Korea University you need to apply to.
[Interview with a PhD Holder] “Strong Support from KUBS’s Excellent Research Environment and Network”
Interview with a PhD Holder “Strong Support from KUBS’s Excellent Research Environment and Network” Dr. Eun-Mi Kim (International Business '13) Dr. Eun-Mi Kim, a PhD holder from KUBS (Academic Advisor=Professor Insik Jeong) has been appointed a full-time academic staff at Pusan National University. Below is the interview held with Dr. Kim. Q. Could you tell us why you decided to start your postgraduate study? From my undergraduate years I have always wanted to study postgraduate degree, unlike friends of mine who were looking for job opening at companies. I wanted to work at universities to do my research, hopefully support student’s research one day, and assist student’s career paths as well. I chose International Business based on my undergraduate study and overseas company visit experiences. At the end of the first year of my postgraduate study, I transferred to integrated MS/PhD program to continue my study. Q. What is good about doing your postgraduate study at universities in South Korea? I think the best thing about doing your master’s or doctor’s degree in South Korea is the strong network you can build during your study. It gives you a great support like when cooperating on your thesis. Also if you attend conferences, you can meet and network with professors from universities in Korea, which will be a great help in your academic life. Q. What were the benefits of doing your postgraduate study at Korea University Business School, in particular? In many ways, actually. First off, I have had brilliant professors I can look up to, both academically and personally. Also KUBS provides the most updated facilities and learning resources available in South Korea. In addition, the School have a range of scholarships available to candidates, some of them offer candidates’ living fee during the study as well. Thanks to the scholarship support I was able to complete my study, putting aside financial issues. The School’s funding for international symposium once a year also gave me great chances to broaden and improve my research. Q. What was the biggest obstacle you had to overcome during your PhD study? And how did you cope with the difficulties? I am sure it is the same for all PhD candidates: working on your thesis. As I went through editing, I got more and more skeptical about the whole idea, feeling doubtful. You get afraid of meetings with academic advisors and the academic board, but for me thankfully, they were the ones who gave me the greatest support and help. They encouraged me and gave me useful advice every time I am in trouble. I would like to thank them again. Q. What do you think was the biggest factor in your appointment as an academic staff? I would say it’s the research performance. It varies with institutions but generally your performance is determined by quantitative and qualitative assessments. So basically you are good to go, if you could maintain above 300% of your research performance for 3 years, and publish your works on SSCI journal. If you could check Hibrain.net regularly and be familiar with the requirements, you should be able to reach your goal. Q. Could you give a last advice to undergraduate students who pursue an academic career? I would suggest you to consider a broad range of career paths, not limited to academic staffs. I know many of you might be comparing the opportunity cost of studying for a long period. However, I can assure you that in the long run you can’t be worse off, because you end up with a career that is stable and allows you to do your own research. I highly recommend you to take a postgraduate degree. I know brilliant professors here are willing to support you during your study.
Smart Tips and Advice for 2018 KUBS Commencing Students
Guidelines for New Students Smart Tips and Advice for 2018 KUBS Commencing Students KUBS welcomes a total of 439 students commencing their study on 2018. Here we would like to share few important tips for your study and life on campus. 1. I am on time to my lecture, but the lecture room is empty, what do I do? Don’t panic, check if there is an update on your course via Blackboard. If you log on to Blackboard (https://kulms.korea.ac.kr/), you will be able to find the most updated information on course materials, assessments, and group work. It is quite rare but sometimes your professor may cancel the lecture due to an unforeseeable event. So make sure to check your blackboard regularly if you don’t want to wait alone at a lecture room! 2. I am looking for a nice place to do group work, where do I go? You are more than welcome to use student lounge and study rooms on campus. Business School has few venues that you can do your group works, such as MB Lounge. You may book the study rooms use via Portal (portal.korea.ac.kr). If you would like to reserve study rooms at Main Library or Centennial Memorial Samsung Hall, visit library website (https://library.korea.ac.kr/). Please book online at least a week earlier especially when the exam is getting close. 3. Is there a place that I can have a rest during my break? Yes, we have student lounges that you can take a break. On level 4 KUBS Main Building we have Ladies Lounge for the Business School students, and another venue reserved for female students at Dongwon Global Leadership Hall as well. If you are a male student, you can go to level 2 of Communication Building or Aegineung Student Center on Science & Engineering Campus. If you would like to take a short break, please find couches on level 5 at LG-POSCO Building. 4. I am looking for reading resources for my assignment. You can use our Sudang Digital Library, level 3 of LG-POSCO Building (http://biz.korea.ac.kr/sudang/). Start off your research from our business studies resources including a total of 20 thousand journals published across the world. You can have access to 19 databases from Sudang Digital Library as well. 5. Having trouble catching up with your major courses? Sign up for the Business School learning assistance program TnT (Tutor & Tutee). You can get useful tips and advice from your seniors who took the course. You may register for up to 2 courses for TnT assistance. Register online for the learning support, and hand in required documents to Department Office. (▶More Information) 6. I need to move between buildings to attend lectures and I am in hurry. Is there a shortcut between Business buildings? Yes, you can use shortcuts between 3 Business School buildings. There are a total of 5 shortcuts connecting LG-POSCO Building (LP), KUBS Main Building (KM) and Hyundai Motor Hall (HM). If you could keep these in mind, you will be able to get to the lecture rooms on time: △ LP (level) 5 and KM (level) 4 △ LP 6 and HM 4 △ KM 3 and HM 2 △ KM 4 and HM 3 △ KM 5 and HM 4 7. Would I be able to have a chance to study overseas? Of course, you can take part in KUBS exchange student program. Work on your language skills and be prepared for your overseas experience. In addition to Korea University exchange student program, the Business School runs additional programs which you can attend to 120 universities in 33 countries across the world. You can apply for the program after completing at least 2 semesters at the University. Make an online application and submit required documents to KUBS International Office. Please keep updated with more information in January and July.
[Partner School] Vienna University of Economics and Business Administration, in the Center of European Economy, Vienna
Vienna University of Economics and Business Administration, in the Center of European Economy, Vienna Vienna University of Economics and Business Administration (WU Vienna) is located in the center of European economy, Vienna, Austria. The University is a specialized institution for economics and business administration courses, and they have the largest number of students in Austria, a total of 22,000. Established on 1898, WU Vienna has more than 200 partner schools, which reflects its position as the center of global economic exchange. The University insists on the value of social responsibility as well as their excellence in performance on research and teaching. WU Vienna also values cooperation between students and academic staffs. Vienna University of Economics and Business Administration has achieved exceptional accreditations from AACSB, EQUIS and AMBA, which are granted for less than 1% institutions across the world. Among universities in German speaking countries, only two institutions were granted all 3 accreditations. In particular, AACSB is accredited by Association to Advance Collegiate Schools of Business International, which is one of the top prestigious accreditation in the business studies circle. Moreover, WU Vienna has achieved high ranks among universities globally. On 2017, WU Vienna ranked 13th among 95 Master of International Business programs by Financial Times. Earlier on 2016, the University’s MBA ranked 44th out of 100 best MBA programs in the world. In QS World University Ranking by subject, this year WU Vienna ranked in the top 51-100th for the subject of business administration. The University placed on the 101-150th rank for Accounting and finance. In 2015, Vienna University of Economics and Business Administration elected the world’s first female president (Rector), reaffirming its position of one of leading universities in the world.
Interview with the 4th 2017 Startup Express Winter SeasonTeam
Interview with the 4th 2017 Startup Express Winter Season Team On ‘2017 Startup Express Winter Season’ held last December, enthusiastic and brilliant ideas were raised by pre-entrepreneurs at our Startup Institute. On this event organized by Startup researcher and Seung Myung-Ho Center for Entrepreneurship Education, the prizes went to △Brotherhood (1st prize) △Goody Scholars with Makeup (2nd prize) △Dreamary (3rd prize) △Picasso (special prize). We met for interviews with 3 startup teams from Iljin Center for Startup Incubation, located on level 2, KUBS Main Building. <Goody Scholars with Makeup> makeup products for men ‘Grooming Peeps’, a new term for men who care about their appearance. <Goody Scholars with Makeup> (CEO=In-Yeop Park) targeted on male makeup products, which is a growing market. The team started their interview by saying “our goal is to develop an iconic brand in the male grooming and makeup market”. <Goody Scholars with Makeup> came up with an idea that they produce a kit that contains half the size of regular BB creams and tinted lip balms. They put 2 products into one kit, thinking that their target consumer is male who is interested in makeup yet not familiar with. They said “we focused on what male consumer demands and what sort of issues they have in terms of makeup and grooming. In fact, quite a few of consumer care about their appearance but they do not know where to start. And in fact, it is expensive buying all the necessary products when you first start makeup. So we developed a product that comes with essential products in one kit so that the consumer can try each out”. <Goody Scholars with Makeup> is working on context-specific marketing strategy. For example, on April they will release a makeup kit for job interview. The team continued, “We needed to come up with a smart marketing strategy, so we asked ourselves on what occasions men need makeup/grooming. Many of our friends are students who are looking for jobs, so we came up with ‘job interview’ makeup kit. Our coming up products are makeup kits for first-year university students, and for sports occasion”. The team’s male members are trying on their product every day to test out their products. One of the members said “I am not a makeup kind of man honestly, but since I started putting makeup on, everyone has been commenting on me I look good. So I guess I can proudly present our products on the market”. <Dreamary> A Win-Win Service for Connecting Hairdressers and Clients Ever thought about getting your hair done by Cheongdam-dong hairdressers for free? Apparently, it is possible if you use the service by <Dreamary> (CEO=Geon-Woo Shim, Tae-Hoon Lee). Dreamary offers service that connects clients and apprentice hairdressers. <Dreamary> thought it is a 'win-win' for both hairdressers and clients because it provides apprentice hairdressers with chances to practice, which can be assumed from their name “dreamary”. It was brought up from CEO Tae-Hoon Lee’s own experience, “I have this friend of mine who was an apprentice hairdresser. Knowing that he needed as many chances to practice his skills, I let him do my hair for 5 years. That is how I came up with the business idea”. <Dreamary> acts as a mediated platform between clients and hairdressers. That is, once apprentice hairdressers register and pass the screening process, they are eligible to provide service to clients. On the other hand, clients must make a one-time payment of 3,000 KRW to register for the free service. CEOs added, “eligibility is determined by applicant’s license and work experience. Their service will be evaluated by the users’ review”. <Dreamary> is about to release their first website. If successful, they plan to develop a mobile application as well. The CEOs, Mr. Lee and Mr. Shim’s thorough market research and legwork made it possible to develop such structured business idea. Their goal is to build a platform that is connecting other relevant beauty industries, nail products for example. <Dreamary> is also thinking of creating a database of hairdressers and building a network, just like Linkedin. “In the future, we hope we would be able to support and give advice to starting businesses”, they added. <Picasso> Managing data for contents creators ‘Contents Creation’ refers to the creation of a new form of arts or cultural product that is made on Multichannel Networks (MCN) such as YouTube and Africa TV. <Picasso> (CEO= Se-Ryung Lee, Business’14) paid attention to the audience’s huge interest in contents creators. Ms. Lee said, “I named after Picasso hoping that my business would achieve success in every dimension”. <Picasso> collects, analyzes and visualizes data of contents creators. The members joined the team because of their interest in social media platforms (Africa TV, Twitter, YouTube) as well as their belief in their success. “I visited my family on New Year’s holiday, and I saw my 10 years old cousin watching toy reviews on YouTube. I was fascinated by the fact that the MCN market is growing.” <Picasso> makes sure to analyze the information of subscribers. They collect and categorize data of subscribers by gender, preference, nationality and so on, and sell their data analysis to business on the market. “We hope we could match the most appropriate channel to business. The key is to provide accurate data analysis to our clients” they added. <Picasso> is now in a phase of data collection and web server construction. As soon as they visualize their front-end data, they are all set. “Hopefully we will start our service within a month. We cannot wait to get feedback from customers, and work it out from there too.”
[Study Abroad Experience] “I was fascinated by Austrian Culture and the flexible course structure at WU Vienna”
Study Abroad Experience “I was fascinated by Austrian Culture and the flexible course structure at WU Vienna” I spent my exchange semester at Vienna University of Economics and Business (WU Vienna) last Fall. I was doing a little research on which country I should visit for the exchange program, but right after I saw a picture of Vienna, I went for WU Vienna. I took 5 courses during the semester: Touristic Service, Global Market Entry, Diversity Management, Global Branding, Tax Law; thinking that these courses are not open at Korea University. I was surprised by the way courses are designed. I had a course where the assessment components were entirely of group presentations, and the other course I had could be completed only within a month. So basically students have a lot of options to choose from, and they can manage their degree structure depending on their preference. Also for most lectures, we had about 20 students, which allows us to have discussions in between and so it was easy to socialize as well. As the semester proceeded, I became familiar with presentations and public speaking. I am able to give a presentation with a brief note. In addition, it was interesting to see various kinds of lecture venues depending on how the classes are operated. We were allocated to different venues in each class. Moreover, I had the best time staying in the fascinating city of Vienna, which is undoubtedly the most livable city in the world. I had this routine of checking schedules for an opera or exhibition. I bought a long-term ticket valid for the semester so I could visit art galleries whenever I can. Not to mention you can take subways for 24 hours on weekends and holidays, it is a quite safe city to stay outside at night too. I also loved it when I went out for Traditional Austrian cuisine with Buddy, especially when I had the local wine. I also spent weekends in close suburbs. I especially cannot forget the moment when I went up to the top of the snowy mountain across the Alps, in Innsbruck. Besides they have reasonable public transport systems, convenient administration in general, such as quick bank services. People were comfortable speaking English too, which was convenient as an overseas student. I don’t think there is one thing I did not like during my stay in Vienna, even though I am not local there. People in Austria were very nice too although they seemed tight to me at first, to be honest. I got close to other participants in the exchange program too. Thanks to people I met there and friends who supported me in Korea, I will not forget my time in Vienna. Ah-Young Yoo (Business'14)
PyeongChang 2018 Olympic Winter Game, A Great Chance for Global Business
PyeongChang 2018 Olympic Winter Game, A Great Chance for Global Business While PyeongChang 2018 Olympic Winter Game was held for a month in February, KUBS students participated in ‘Korean Hosting Team’ internship program organized by Sebang Travel (KC Tours) (Vice Chairman=Chang-Hee Oh, Business’82). Among 100 applicants, 11 students were selected through document screening and interview. We had interviews with 4 of the participants, Jeong-Hyun Kim (Business’16), Han-Byul Kim (‘14), Yoo-Jeong Lee (‘16), Yoon-Jae Lee (‘17), on their experience during this international event. (From the left) Yoon-Jae Lee (‘17), Han-Byul Kim (‘14), Dean Soo Young Kwon, Yoo-Jeong Lee (‘16), Jeong-Hyun Kim (Business’16) The internship program was held between 8th and 27th of February and it mainly focused on assisting international VIPs including ATPI, Netherlands and Road Trip Agency, Canada. Their main tasks were △ interpretation/translation △ protocol planning △schedule consulting support. (2nd, 3rd from the right) Han-Byul Kim (Business’14), Yoo-Jeong Lee (‘16) Ms. Yoo-Jeong Lee (Business’16), a participant of Road Trip Agency, commented “it was a physically demanding program, to be honest. But I am glad to have such rewarding experience in a sense that that I was able to be a part of the international event, and also to support my clients’ business meetings”. Ms. Lee added, “Through the program I learned the importance of building a network. It helped me a lot pursuing my goal as a health care/medical consultant”. PyeongChang 2018 Olympic Winter Game Internship Participant, Yoo-Jeong Lee (‘16) Another participant of internship at Road Trip Agency, Ms. Han-Byul Kim (Business’14) said “there has been quite a lot of concerns in Korea on this Olympic Game”. Ms. Kim continued, “However, as a participant I was very impressed by the way it was operated, with highly advanced facilities. I felt proud that the foreign press was quite happy about the operation in general as well”. (Front row) Jeong-Hyun Kim (Business’16) Meanwhile Ms. Jeong-Hyun Kim (Business’16) participated in ATPI Agency during the Olympics, who said it was meaningful for her to be able to engage in the global event held in South Korea. “My clients were Canadian Broadcasting Company (CBC) and Petro-Canada. By assisting my clients during the event, I learned that sponsorships by corporations greatly contribute to global events like the Olympics” Ms. Kim said. (1st from the left) Yoon-Jae Lee (Business ‘17) Likewise, Ms. Yoon-Jae Lee (Business ‘17) assisted Dutch and Canadian team at ATPI Agency. “Since it is such a rare opportunity, the Olympics held in South Korea. I was glad just being a part of the event” said Ms. Lee. “As a vice president of KUBS Global, I support overseas students’ life on campus. As an extension to that, this time I assisted visitors from overseas, introducing them to Korean culture and cuisine, which was very meaningful experience” she added. Mr. Chang-Hee Oh (Business’ 82), who organized the internship program, is a Vice Chairman of Sebang Travel (KC Tours) and the 9th Chairman of Korea Bobsleigh & Skeleton Federation.
“I Challenged Myself with Confidence” - Kyung Hwan Ahn (Business ’11) Passed CPA while Heading KU Cheerleading Squad
“I Challenged Myself with Confidence” Kyung Hwan Ahn (Business ’11) passed his CPA while heading KU Cheerleading Squad Q. Could you introduce yourself to our readers? My name is Kyung Hwan Ahn, captain of the cheerleading squad in KU. I passed the CPA whilst heading the cheerleading team. I was named captain in November 2016, and have been so ever since. Q. Why did you decide to take the CPA? I started preparation for the CPA when I was doing my military service. I entered the ROK armed forces in November 2013. When I was promoted to corporal I decided I wanted to make my service more meaningful. One of the seniors in the camp recommended doing the CPA and thus, my preparation began in June 2014. I continued on with my studies after being discharged and passed the first round of the CPA in February 2016. After deferral, I passed the second round in June 2017. Q. It must have been struggle preparing for the CPA in the army. How did you overcome the difficulties? Frankly, preparing for the CPA in the army was not an easy task. I was assigned to the front line, so it was even more difficult to make time for the exam. In the end, I left the army not having done much preparation. After discharge, I struggled with managing my schedule. To overcome this problem, I tried rewarding myself after having completed my daily goal. I like sports, so I would watch videos of match highlights at the end of the day. Q. I heard that the school helped with the preparation. I was motivated by the others who were preparing for the exam. Having study group sessions with other students was very constructive. We went through most of the materials that were covered in the first stage of the exams. Also, doing mock exams in “Jeongjincho,” a classroom dedicated to candidates preparing for the CPA, was hugely helpful. The business studies courses I took eased my understanding of the CPA materials. I remember taking Professor Seok Woo Jeong’s tax accounting and Professor Joon Young Shin’s intermediate accounting lectures. I often sought council from my advisory professor, Hyoung Koo Moon. Q. I heard that you are the captain of the cheerleading squad. What inspired you to do cheerleading? I was part of the cheerleading squad from 2011 to 2013. Having taken a gap year, I was impressed by the cheering events in the freshmen welcoming ceremony and orientation. Without a moment of hesitation I applied to the cheerleading squad. After my military service, I spent a year in the planning section of the club. When looking back at my time at school, I wanted to contribute to the team because I had gained so much from it. Thus, I applied for the captain position. Q. Was it not difficult managing your time between your studies and club activity? It was a struggle doing both cheerleading and studying. But it was beneficial as well because through cheering, I could relieve my stress that would build over academic work. It was tiring because I found myself running out of time often, but I persevered with the thought of my future career. Q. What do you remember the most during your time as the captain? I cannot forget the results of the annual KU-Yonsei sports competition. I used to imagine what it would be like if KU loses because I thought the disappointment would fall most heavily on the captain. But I was not sad at all when I saw the players who gave their hearts to the games and my fellow squad members. I always had the notion that winning is important, but that changed after the competition. Regardless of the results, every KU student came together to cheer for their teams and that, itself, was an invaluable experience. I would never forget the day when I stood in front of my 20,000 fellow students. Q. Could you tell us about your plans for the future? After this term, I am going on an exchange to Belgium. As the country is the center of transport in Europe, I hope to travel in various places in the continent. After graduation, I intend on working at an accounting firm and become the best accountant in Korea. Q. Could you give your KU students a word of advice? I believe I was able to become the captain and pass my CPA because of my confidence. Coming to KUBS allowed me to erect a life signpost. The confidence that derived from being accepted to KUBS naturally flowed into other aspects and helped me become the head of the cheerleading squad and do well on the CPA. I would encourage other students to be confident and have pride in their school life.
[Undergraduate Career Story] “I Thought About My Future after Attending Alumni Panel Talk, ‘Stories of Alumni’” - Dong Han Woo (Business '09)
Undergraduate Careery Story “I Thought About My Future after Attending Alumni Panel Talk, ‘Stories of Alumni’” Dong Han Woo (Business ’09) - Financial Supervisor Service Q. What are some of the activities that you have done as an undergraduate that helped you to get employed? I am a certified accountant and have worked in an accountant firm for a year, and have now moved to Financial Supervisor Service (FSS). I think my CPA background was the big factor that led me to this institution because the materials I learned during my preparation for the CPA were relevant to the entrance examination I took when applying for FSS. I was also a member of KULSOM for two years and I had gained a lot during my time there. As one of its executive members I encountered the good and the bad with my colleagues. This unique experience gave me a lot to talk about in my personal statement and interview when I was questioned on "resolving conflicts" as I could easily refer to my experiences in KULSOM. I think I found the topic easier than the other candidates did. Q. Why did you choose FSS? I too pondered on the question for a long time. In my first year when I took "Understanding management," I was impressed by the accountants’ role as the watchdogs of capital and their duty to the public good. But as you can see in the news, everything was different from what I had imagined; what I could contribute to the public was quite limited. I thought I could make more of an impact by implementing policies and bringing about changes by working in FSS and hence, I decided to work here. Q. Could you tell us about your work and the firm culture? I am working in the credit supervision department which oversees indebted business groups, evaluates credit risks and enforces credit extension. Because the official documents I publish are used in papers and as guidelines for financial institutions, I have a huge sense of responsibility over my work. The corporate culture differs by group but my office’s is reasonable. Most of the work is planned through meetings, and encourages contribution from every member of the team. Because it conducts public related businesses, it inevitably has a vertical hierarchy, but I think I enjoy a considerable degree of freedom. Q. Tell us how you prepared for applying to FSS. • Writing the personal statement There are many topics that need to be included in the personal statement. Trying to gain experiences relevant to each topic would require more than the four years we normally spend in college. Thankfully, my experience in KULSOM gave me lots to talk about under topics like "resolving conflict" and "worthwhile experiences." You do not have to spend the four years studying just for the sake of filling your personal statement with stories worth mentioning, so just get yourself involved in a variety of experiences and broaden your horizon. •Preparing for the written exam The written exam is very important in your application. The level of questions is easier than that of the CPA (people call it the 1.5th round) but you will inevitable run out of time. Personally, I think the exam mainly comes down to solving the basic problems as accurately as possible in a short amount of time. • Preparing for the interview After they announced the results of the written exam, I formed a group with the other candidates to prepare for the interview. For 5 days, we met everyday and read relevant articles to develop a sense of the overall work they do at FSS, and we conducted mock interviews. It was a short period, but the group sessions were very helpful for the actual interview. Q. Could you give some advice to those who want to work in similar fields? I think a lot of people consider working in financial public institution a dream job that provides stability and a good work-life balance. But they will be hugely disappointed if they apply only for these perks. I hope they reconsider what it means to work for the public good. I think this opportunity is the biggest merit of working in a financial public institution. I often attended career seminars, business school alumni panel talks and heard numerous vivid accounts of their work. They gave me opportunities to deeply reconsider my future. I encourage other students to attend these two events so they can hear their alumni’ real stories about their companies.
[Interview with the 51st KUBS Student Council] Make KUBS one, Yiroom
Interview with the 51st KUBS Student Council Make KUBS one, Yiroom (from left) Vice President Joonhyun Park (Business '16) and President Jiwoong Ha (Business '14) The name of the 51st student council [Yiroom] signifies the spirit of "making our wishes come true" and encompasses our determination to fulfil the students’ demands in various aspects such as ‘culture, welfare, communication and convenience. Our logo has been inspired by a paper plane. It conveys an image of [Yiroom] striving to achieve our hopes like an ascending paper plane. The KUBS student council has shed its 50 years of history and is now taking its first step towards a new chapter of 50 years. For that, [Yiroom] is prepared to go to its limit and beyond to ensure that all the students can feel the improvements made in our school. And like I have mentioned before in all of my twelve speeches, the student council is not a place to garner experience, but a position to prove one’s worth. [Yiroom], for the subsequent year, will strive to prove its worth and that the KUBS students were not wrong in their voting. · Forming a culture [Yiroom] will go further than merely providing a place for academic pursuits and create a place for enjoyable cultural experiences. We intend to provide cultural courses like "Barista course," "make-up course," "culture course." Next autumn, we will host "KUBS Moonlight Film Screening" to make an unforgettable night for friends, lovers and colleagues. Lastly, there will be sports competition that will range in a variety of events such as bowling and pooling to engage students who have not been able to participate in such events due to the lack of choices of sports. · Forming a welfare [Yiroom] will operate an "All day 24 hour" benefits to KUBS students which will be applicable outside the "normal school hour." We will install a system that will allow students to borrow items like mat, tongs, and wax. If there are any household items that students need, [Yiroom] will investigate the demand of the goods and opt for a group purchase. We aspire to become a council that considers even the small things in everyday life. Lastly, we will form partnerships with restaurants, karaoke and studios that will have benefits exclusive to KUBS students. · Forming a communication platform For an active and practical communication with our students the council will always bear in mind that the students are the main of the school. First, we will allow a more liberal operation of the KUBS affiliated volunteering club, “Atti” that will result in a system which will require communicating with the club members. We will move away from the traditional way of making the club follow the plans laid out by the student council. [Yiroom] will also change the system of students having to reveal their names when submitting proposals to a system where they can submit anonymously. In addition, the student council will provide feedbacks to all proposals submitted by the students. Lastly, we will hand out snacks that students truly want. We will run a survey on what students would like and show the kind of snack event the best college in the country would throw. · Forming convenience [Yiroom] has plans to launch KUBSTORY, an integrated business school mobile phone application, to improve the students’ college life. The application will include various functions such as a map of the business school, so that they can lay out the business school in the "palm of the hand." It will also have an online platform for classes/clubs so that students can check notifications relevant to them more effectively. The program will run an "army address book" so students can easily find the addresses of their friends in the armed forces and send them letters. These are the four areas where we would like to keep good on our 12 pledges. Are you not excited for the future of KUBS? We would be grateful for the students’ interest and support.
[MBA Career Story] “You Need to Think about Your Strengths and Weaknesses When You Do Your MBA” - Hyunsoo Moon (2nd Class of AMBA)
MBA Career Story “You Need to Think about Your Strengths and Weaknesses When You Do Your MBA” Hyunsoo Moon, (2nd Class of S³ Asia MBA) SK Chemical Singapore branch office Q. What did you do before embarking on S³ Asia MBA? During my last term of my MBA in Singapore in November 2010, I was working in the Singaporean branch office of SK Chemical Co. Until last year I was in charge of exporting Korean manufactured petrochemical products to and trading the products supplied by the head office from South-eastern Asia/India. This year, I was relocated from "pure trading" to the risk management department. Before starting my MBA, I worked in a French pharmaceutical company where I worked in sales/marketing for 7 years. Q. Why did you choose S³ Asia MBA? Before starting the MBA program, I considered the NUS MBA because I was located in Singapore. By pure chance, I visited the campus and read a brochure detailing the S³ Asia MBA program. I was interested in Asian countries, especially China/Korea/Singapore, and I was fascinated by the fact that I could study in the leading university in each country. I hoped that the program will facilitate a deeper connection with the place and give me a first-hand experience of what it is like to live there. On top of that, I was planning on finding a job overseas (Singapore) so S³ Asia MBA was more suitable to me than the other programs. Q. Which curriculum in S³ Asia MBA helped with your career development? I had the opportunity to visit the local major companies while spending a semester in each country. As someone whose career was fostered in one company and a specific industry, I was able to gain a lot from learning about each company’s unique history and future plans (considering each country’s culture, policies and characteristics). Other than merely visiting the companies, I worked on various projects concerning the companies with the other students and the work we did together allowed visceral experiences and instilled new business perspectives. I think this type of work taught me a lot on how to conduct businesses with global partners. Q. Could you tell us if you did any career development related activities while doing S³ Asia MBA? On completing my MBA, I tried networking with people working in the field I was interested in, and actively sought consultation on finding a job. In the end, I managed to find a job through my network. The only regret I have is not being able to network as actively when I was in China and Korea. Q. Lastly, could you give the other S³ Asia MBA students and prospective candidates an advice on building a successful career? I started my MBA with the focus of switching career and furthering my career. My base is in engineering so I worked assiduously to catch up on the subjects that were all very new to me. But I feel I should have been more involved in networking or in internships which would have given me a deft hand in more practical affairs. Before giving some advice on the MBA program, I would like to share my thoughts on leading a successful career. Primarily, I believed that an MBA would grant me quicker promotion and higher pay check. But now I know that doing an MBA requires you to develop your passion on a certain industry and improve your knowledge. It is crucial to think of it as a process whereby one can identify his core assets and in the long term, build on his career. In the past, generalists who could do all sorts of work were praised. Nowadays, people are looking for insightful specialists who could bring a competitive edge to their organizations. Even if it takes a long time, I hope the students can focus on developing a better understanding of themselves and finding a suitable career.
[Study Abroad Experience] “It Was a Chance to Study with Graduate Students from All Sorts of Background”
Study Abroad Experience “It Was a Chance to Study with Graduate Students from All Sorts of Background” I spent my autumn term in ESCP Europe, Paris, France in 2017. I chose ESCP for having one of the most prestigious MBA programs (Grandes Ecoles) in France, and because I could study with the other graduate students. I led a happy Parisienne life during my stay in ESCP. From the 10th arrondissements, Marais, the Pompidou Centre was within 30 minutes of walking distance and the Seine was only 15 minutes away by public transport. I was the only Korean amongst the exchange students, but it was a good chance to foster relationships with people from different backgrounds. The interaction led me to develop different perspectives on my previously held values. Also, the school is a graduate school, so most of the students were older that I was. Most of them had studied longer that I have, and were already employed so it was a good learning opportunity for me. People say that the exchange program is the highlight of college life. I was concerned because I had many unpleasant opinions about my friends’ prior exchange experiences so I was concerned at first. As an exchange student in a foreign land, I was engulfed with exotic experiences and I would like to press that it is not an everyday experience. And even if there are hardships during the exchange, I think there is a lot to take from the adversity because eventually, everyone will face one someday. I think my stay in Paris was the happiest time I had spent in my entire life. A lot of people complimented me on my rejuvenated appearance. Visiting museum galleries in Paris, and conversing with people from different backgrounds all helped to construct a stronger self-esteem. I would like to tell those who are afraid to go on exchange, to do away with their worries. There will be many pleasant surprises. After my exchange term ended, I extended my visa and stayed in Paris for a total of 9 months. I was saddened at the approaching date of my eventual departure. Whether you go to Paris as an exchange, or to another city in France or even another a country, grasp at any opportunities that would make you happy through the exchange program. Yura Ahn (Business ’13)
[Global Internship Experience] Valuable Experience in OKTA, a Platform that Connects People
Global Internship Experience | Overseas Korean Traders Association (OKTA) Valuable Experience in OKTA, a Platform that Connects People (left from the left) Se Ran Bae (Business '15) interning at Overseas Korean Traders Association (OKTA) Q. How did you prepare for the internship? I checked the school website for notifications regarding the internship program. I selected the country or the company I was interested in and looked through past reviews about their internship program. For more information, I had help from the international office. There are many required documents so it is easier to prepare beforehand. I would recommend applying for an American visa before anything else. After the document screening, do not fret over the interview because it is more about telling who you are. Q. What does Overseas Korean Traders Association (OKTA) do? Overseas Korean Traders Association (World-OKTA, or OKTA) which is located in Los Angeles, U.S., is a non-profit organization that is aimed at increasing trade between Korea and the US. It has a different character from other companies and it provides a good ground to meet people from various industries and get involved in various kinds of work. OKTA is located at the junction of Wilshire Street and June Street, situated inside the KOTRA building. The organization is helpful for those who are interested in trade or public institutions like KOTRA. The advantage of working in OKTA was being able to meet with its members which included a lot of board members from different companies. These members were entrepreneurs and they were rich in business insights, so it was a good experience to hear about their experiences. I applied for an administrative post but the workers there allowed me to explore other departments and I am grateful for their support. Rather than sitting in an office all day, I found myself attending seminars and meetings about real business projects. Therefore, I visited many places in LA. Q. What kind of work did you do? For the administrative work, I was responsible for organizing the OKTA members' information on excel, and writing documents for business plans. But other than administration, I worked in finance, accounting, design and other departments. In the finance and accounting offices, I wrote disbursement documents and maintaining the balance sheet using Quick Book. Quick Book is a balance sheet program often used in the U.S., and it was a fruitful chance to apply what I learned in "Accounting Principles" and "Intermediate Accounting." It also gave me an insight into the expenditures of the organization and the mechanism behind its relationships with its sponsors. Regarding designing, I used tools like Photoshop and Illustrator to publish monthly issues which will be sent to the members. Q. How did you find living? As a KU alumnus, the president of OKTA helped me on numerous aspects. Originally, there was no residential support so I had to find my own lodging with the help of a LA Korean community website. But the president was considerate to look for a reasonable priced accommodation. Lunch fees were provided by the association. Downtown LA is does not have a stable public order so I do not advise people to go touring in the evening. Having a driver’s license will help immensely when travelling. I would recommend people to prepare an international driver’s license. The cost of living is expensive, but the cost associated with working is in fact, quite cheap. It is possible to visit San Francisco or Las Vegas and there are many tourist attractions in LA. I recommend using Uber and Google Map. Q. What’s your overall thought on this global internship? I think that going on a global internship was the best choice I made in college. I found out what it was like to work abroad and the stories I heard from people whom I met had had given me lots to think about regarding my career. Also, although it has been only two months, the time I spent in the company had cultivated a global mind. I would like to thank our business schools and OKTA for giving me a wonderful opportunity. Se Ran Bae (Business '15)
[Introducing KUBS Student Ambassadors] KUBE, Connecting All of KUBS
Introducing KUBS Student Ambassadors KUBE, Connecting All of KUBS KUBE, a compound word of "KUBS (Korea University Business School)" and "cube," is the name of the student ambassadors of Korea University Business School. In various aspects, like a cube, the organization will be at the frontier of KUBS public relations. They are involved in planning and hosting all kinds of public events and have contributed to upholding the school’s prestige. KUBE is currently operating as a PR affiliated organization. Other than hosting college events, KUBE partakes in various external events such as escorting public figures and donators. Within the school, the ambassadors act as connectors between undergraduates or undergraduates and alumni. But KUBE also has its own independently run events like ‘"Mentoring Program" and "Campus Tour." KUBE is also substantially operative online. They have their own Facebook page (facebook.com/kubs1905) where they update numerous contents. These include the school calendar, and information on scholarship program for enrolled students. They also post interviews with alumni to help students plan their career. Chang Ui Hong, the president of the 6th KUBE, says, "It is a privilege to have the chance to promote our school's par excellence" and "I hope many more students will become interested in KUBE because not only does it provide an opportunity for individual growth, but it acts as an important link between the alumni and the undergraduates, public figures and juniors." Anyone who is a business school undergraduate (not including those who have business as their second major) is eligible to apply for KUBE. Once every semester, the organization newly recruits up to ten members. They give special preference to those who have good English ability or those who are apt at computing. The new members will participate in all KUBE events for a year (two consecutive semester including the holidays), and will be granted a certificate from the dean of business school. There will also be additional points for those who have successfully completed their terms should they apply for global internship and exchange program. Recruiting announcements will be uploaded on the school website at the start of each semester and those who have further inquiries may call KUBS PR office (02-3290-1688)
[Career Development Center] Enhance Your Career at KUBS Career Hub
Enhance Your Career at KUBS Career Hub KUBS Career Hub, Career Development Center Establishing a career goal is an integral step in college life. But many students, who have not yet found their passions while preparing for the college entrance examinations, are frustrated at the lack of a system that would help them plan their college lives. Consequently, there are many students who graduate without even having drawn up a plan for their future. To help out with this kind of problem, KUBS Career Hub is providing its students with counselling programs. Career Hub is a service unique to the business school that helps students plan for their future. Its counsels are tailored to undergraduates and MBA students including a vast range of topics such as one-on-one careers advice, career coaching, reviewing resumes, mock interviews, mentoring programs and special lectures from renowned figures. KUBS Career Hub’s close collaboration with the Student Union Career Development Center provides various college and career counselling programs. Also, the school has been constantly developing its mentoring and career service programs so that now they provide practical benefits to our students. Above all, Career Hub boasts a well-organized system in that it understands the difference in the problems faced by undergraduate and MBA students and has therefore constructed different counsel structures for each group. • All-round career/employment counselling and policies involving recommendations to potential employees KUBS Career Hub provides its undergraduates, MS and MBA students with an all-round career development counselling program. It is open to anyone including students who are unsure about their career after coming into college, and prospective graduating students who are unsure whether to work in a company, start their own company or go to graduate school. Business school students can register for an appointment via email. Furthermore, the Career Hub is operating a student recommendation system for institutions inside-and-outside of the school. The recommendation policy matches a vacant place in a company with KUBS’ suitable students. Companies involved in the program include △Hyundai Heavy Industries, △L’Oreal Korea, △Microsoft, △Deloitte, and △Naver (Finance). •Aptitude and psychological tests There are numerous psychological exams provided by the student counselling center such as “MBTI”, “MMPI-2,” “TCI,” “SCT,” “Holland Codes Career Test,” and “Comprehensive Psychological Test.” For those who have trouble adjusting to college life can use the aforementioned programs by paying a small fee to KU Student Council Center (kuscc.korea.ac.kr) •Receiving career advice from KU graduates KU Career Hub provides its students in their 2nd to 4th year with a program “KU Alumni Mentoring Program.“ The event is aimed at undergraduates so that they can receive practical advice on their interested fields and career planning from their seniors. •CV and personal statement clinic Students in their 3rd to 4th year who have by then started on preparing for internships and finding jobs can apply for a CV check-up session. The clinic is also available to regular graduate and MBA students. Students can send their resumes and personal statements via email (email@example.com) and after preliminary proofreading, students will be contacted for further feedback. •Customized/Specialized career consulting program for MBA students MBA candidates are normally students with more than 2 years of work experience. On average, they have 4 years of work experience. For that reason, Career Hub provides a specialized program that focuses on career development and career conversion for its MBA students. Career Hub prepares its students for job application on the strength of its understanding of the trend and requirements of the individual students’ interested field. The center then helps its students to develop their core strengths relevant to that field. After graduation, the students have the opportunity to immediately take managerial positions. Through its career consulting program and close association with its curriculum, teaching staff, career development center, alumni network, the school holds various events on career development and management, strengthening core assets and networking. Career Hub compiles its students’ resumes into a Resume Book which is then sent to leading companies within the company for reference.
[Global Internship Program] A Chance to Build International Work Experience to Become a Global Leader
Global Internship Program A Chance to Build International Work Experience to Become a Global Leader 1. Application requirements: 3rd or 4th year undergraduates who would have one semester left after having completed their internships. 2. Internship period: Minimum period of 4 weeks during the holiday 3. Credit Transfer: Students may transfer up to 3 or 6 credits depending on the internship period. 4. Application procedure: Notifications regarding the internship programme will be uploaded on the school website at the beginning of each semester. Students should check the required documents and submit both online and a hardcopy. 5. Selection process: Application will be open at the beginning of the semester and candidates will undergo selection process in May for summer internships and November for winter internships. The KUBS global internship program, which was first established in 1994, has helped students gain experiences in practical affairs by sending them into business fields to participate in various research projects. The main purpose of the program is to allow students to gain work experience and cultivate a global insight. As of 2017, a total of 1920 students had undertaken their internships in 500 companies all over the world, and a portion of these students have been offered a full time employment. KUBS is the first to run its own global internship program in the country and has gone through a remarkable development to also become the biggest. Students can apply for 4-to-8-week internships in global companies that include domestic companies’ overseas branches, multinational companies, or firms run by KU alumni. The list of main domestic companies that are operating abroad would be Woori Bank in the US; CJ China; LG Electronics in Canada and multinational companies would have HSBC; General Electrics; Bloomberg. Recently, KUBS has extended its reach to international organizations like UNEP and UNESCO. Any business undergraduate students who have taken more than 4 semesters in the school are eligible for the intern program. After pooling the candidates based on their GPA and foreign language abilities, they will be interviewed to assess their passion and responsibilities. Successful candidates will have to take an educational course to learn about the culture of their visiting countries. KUBS also has courses like "Contemporary Business Etiquette" and "Gender Equality" that would help students acclimatize to their internships. Students are expected to cover all the costs related to the internship but the school does offer financial aid to students who would find it difficult to cover all the expenses. Also, students who have participated in the global internship program can transfer 3 or 6 credits as "Global Business Internship." Students who have further inquiries can find more information on the business school website or call the international office (02-3290-5361).
[Exchange Program] KUBS Has Partnerships with 117 Schools in 33 Countries
Student Exchange Program KUBS Has Partnerships with 117 Schools in 33 Countries KUBS spares no effort in educating its students to become global talents. The school’s endeavor to become a global brand can be seen from the number of its international students. KUBS has studiously worked to increase the proportion of its international students. For the past 3 years the number of regular international students has increased from 100 in 2015, to 141 in 2016 and 146 in 2017. The number of exchange students also underwent a consistent growth from 159 in 2015, to 188 in 2016 and 212 in 2017. KUBS currently upholds student exchange partnerships with 117 colleges in 33 countries. The school is constantly looking to expand its network to include more distinguished colleges and this year, KUBS signed new agreements with Peking University HSBC Business School, IE Business School and Washington University in St. Louis. There is a strong belief that KU students will be able to cultivate a more competitive global edge through working with international students. Through its student exchange partnerships, KUBS has its own exchange program. Any business undergraduates who have a GPA over 3.0, including students on leave (but they would have to be enrolled during the exchange), are eligible to apply. Students can transfer the credits from the courses they have taken in their exchange schools and this system has the benefit of allowing students to save time while studying abroad. But candidates must check the number of applicable schools and the period of the exchange. Students can apply to up to 5 schools but there is a limit of 3 schools in English speaking countries (US, Canada, UK, Australia, New Zealand) they can include on their list. Students who have already done their exchange in English speaking countries cannot reapply for the English speaking countries while those who did their exchange cannot reapply for the same country. Students are dispatched for one term. Should they wish to extend their stay, they must contact KUBS international office. However, students doing their exchange in Britain and the US may not extend their stay. Students who wish to apply for the exchange program must not have fulfilled their graduation requirements by the time they have their exchange credits transferred. This restriction is due to KUBS’ policy on its students having to finish their last semester in KU. If students have to extend their school terms for the purpose of going on exchange, they are not eligible to apply for tuition fees reduction. Also, students who are looking to graduate early must take a minimum of 15 transferable credits during their exchange.
“I Think My Confident Appearance Helped Me win the Contest” - Interview with Winner of 2017 Miss World University, Chaelyn Lee (Business '14)
“I Think My Confident Appearance Helped Me win the Contest” I am delighted by the love and support but at the same time I feel an immense sense of responsibility … Winner of 2017 Miss World University, Chaelyn Lee (Business '14) Chaelyn Lee, a KUBS undergrad (Business School ’14), was awarded “Ji”, the highest honor, in the 30th “World Miss University 2017 Korea.” World Miss University is an annually held world campus peace festival, aimed at selecting group of candidates to form a World University Peace Corps delegation. The event was organized to commemorate the 1986 UN’s resolution of celebrating the International Year of Peace. Students selected under each of the 3 categories in Ji (wisdom), Duk (virtue), Chae (body) will join other students from around the world and serve as members in the World University Peace Corps. <KU Business Journal> met with Chaelyn Lee to hear her story. Q. Could you introduce yourself to our readers? My name is Chaelyn Lee, and I am in my third year in business school. I lived in the U.S. for ten years and came to Korea three years ago when I entered KU. Q. Tell us how you feel about winning "Ji" in "The 30th Miss World University Korea" contest. Everything feels surreal. On the day of the finals, I only had an hour and thirty minutes of sleep. When my name was called, I was so surprised that I could not remember what I said. I had not prepared a speech because I did not expect to win. I am grateful for the support and love after winning the title but I also feel immensely responsible. I have become more conscious and cautious about my everyday conduct after the contest. I found myself recycling trash more properly. Q. What made you participate in the contest? My parents were enthusiastic about the contest. They understood me well and were very supportive about my interests. They probably were the most proud of all the people who heard the news. They were the first people who came into my mind when I was presented the award. Q. What were your strengths that helped you win? I could think of two. First, my English fluency. They like that I could speak English like a native speaker. Second, my confidence. I always try to be confident about what I do. Even if I make mistakes, I always try to learn from them and I think this positive mind-set appealed to the judges. Q. Were there any activities that might have helped you win the contest? I think my experience in theatrical acting and doing musicals were of particular help. I became used to being on stage and I did not experience stage freight. My 550 hour-volunteering service was vital as well. I talked about my story of giving an elderly a four leaf clover while I was doing voluntary service in a hospice. Q. What did you find the most difficult when you were preparing for the contest? I found it very challenging that I had to prepare for the tournament myself; I did not even have a clue on how the competition was run. All the other participants thoroughly prepared by attending afterschool academy, and I tried by looking through past videos. I was not able to go on holiday in the summer, constantly cover my face and always wore long shirt and trousers. It was a particular pain for a sun loving person like me. Overcoming language barrier was another problem because I found Korean to be more difficult than English. Q. Do you have any particular enjoyable experience? I think I have come to treasure all the small moments leading up to the contest. I remember sharing the biscuits my mother baked for me with my roommate, or staying up all evening practicing dancing and choreographing. I felt like an idol trainee when I drank 10 cups of coffee to practice dancing. Q. What are your hobbies? I like to think that I am in love with classical music. I have an enormous passion for playing the cello, as I have played it for ten years, and I have been the first chair in an orchestra in New York. Other than that, I like to eat and exercise. Q. Could you tell us about your determination on participating in World Miss University? I will be participating in "World Miss University" next year. There will be numerous exceptional talents so I just want to enjoy it as much as possible. I am delighted by the prospect of meeting diverse people from various countries. I am also thinking about better ways to promote Korea on an international stage. Q. Could you tell us about your future plans? My main focus is finishing my undergraduate degree. I am doing a joint degree in fashion designing and merchandising, and I want to do well in the lectures. My ultimate goal is becoming a CEO. I originally considered the fashion industry but my interest has expanded into IT. I worked on a start-up last year, and I want to build on the experience. Q. What kind of start-up did you work on? We built a mobile app for students intending to study abroad. The app is called "GLOBS" and it focuses on helping students with tuition fees for studying abroad and filling them in with relevant information. It was selected to enter Seoul Global Startup Center. I am not the founder, but I designed its development as one of its earliest members. The business is still operating but unfortunately, I did not have the time to work on the startup this year. Q. Could you give a word of advice for your KUBS students? I am still a student, and I agree with KUBS graduates who tell us to diversify our experiences. I would like to advise them to try out exchange programs and participate in club activities and academic associations. Through the contest, I strongly felt that experiences eventually come together to add layers to people’s confidence and eventually, a unique story. I hope people can have the time to reflect upon themselves. I too have been able to have a better grasp of myself after working as a school ambassador, Yeoul, running a startup and being a member of KU female alumni. Lastly, I would be more than happy to help anyone who would like to compete in World Miss University.
“Debating is a Way of Learning about Difference” - Interview with Jinsu Park (Business ’13), Winner of the Encouragement Award in the 13th National University Debating Tournament
“Debating is a Way of Learning about Difference” Jinsu Park (Business ’13), winner of the encouragement award in the 13th National University Debating Tournament. Jinsu Park (Business ’13) has won the encouragement award in the 13th National University Debating Tournament sponsored by National Election Broadcasting Debate Commission, Solbridge International Business School and Korean Political Communication Association. Park said, “Before debating, I was a shy boy who was not good at puboic speaking” and added, “There is nothing like debating to bolster your confidence.” We talked to him about how he felt about the award. Q. Please tell us about yourself. I am in my third year in business school. My minor is a joint degree in public governance leadership. My dream is going to a law school and becoming a prosecutor. Q. Could you tell us about the tournament? The competition I participated in is called “National College Debating Competition” which is sponsored by National Election Broadcasting Debate Commission. The main rounds took place between 3rd and 4th August in Solbridge International School of Business, Daejeon. There were a total of 176 undergraduate students, and 88 teams that participated in the tournament. The preliminaries and semifinals were about "implementing basic income policies" and the main rounds and final was about "recall of members of Congress." The topics are released a month before the competition and the participating teams will put together their pro and con arguments. The preliminary rounds are contested by 94 teams and they are operated with teams of 3 competing in a league system. Q. What made you decide to participate in a debating competition? During my military service, I decided I wanted to become an attorney. To accomplish my goal, I wanted to learn the art of persuading other people which ultimately led me to join "GoranDoran," a debating society. Having worked hard in the club, I wanted to test my debating skills and that is why I participated in the competition. I was very happy to win the encouragement award in my first competition and I believe it was a very rewarding experience. Q. What kind of activities were you involved in the debating club? We would meet once a week and debate about a chosen topic, and have an impromptu 1 minute speech. There are about 30 active members each semester, and people can see from different perspectives because there most of the members have different majors. On a microscopic level, debating may seem like a clash between two opposing claims, but the speech translates the speaker’s life. The kind of argument one can construct depends on the life he has led. It was difficult distributing roles on looking up for data or working on strategies but I think now it helped us improve. Q. How do you feel about being awarded the encouragement award? I would like to express my gratitude to my teammate Sangmin Lee, who is a political science major. He was the one whom I could connect with the most easily, and it was because of him I won the award. My teammates were my biggest moral support during the preparation. The topic for the preliminary rounds was "basic income" and the main rounds, “recalls of MPs;” the former being business related and the latter being more in the field of political science. I think the fact that our majors differed were very helpful. To be frank, I am very shy and not much of a public speaker. But interacting with the members of the club, and following the club’s systemic curriculum I was able to convert debating into a hobby. I would like to thank GoranDoran for that achievement. Q. What did you like or found difficult during your preparation for the competition? The topics were unusual, and it was difficult and time consuming ironing out the logical structure of our data and assigning roles. The topics are announced a month before the competition, and the teams have to prepare both the pro/con arguments. In essence, there are two topics, but the teams have to basically prepare four. Also, both of my teammates had very distinct characters and it was hard matching their differences. But this too turned out to be a memorable experience, and the fact that I was able to test my hobby was itself very rewarding. Q. How did being a business major help you in your competition? There has been an increase in the number of discussion based lectures in KUBS. Through the lessons, I was able to cultivate my communication and listening skills. I was also able to enhance my confidence and individual capacity. The things I learned in the debating society were applicable in class discussions or lessons that required rigorous debating. The fact that business studies are a very comprehensive subject helped me in cultivating various perspectives in lessons. Q. Is there anything you would like to say to your KUBS peers? I did not have much chance to contribute to the prestige of KU, so it was an honor to do so. I would like to recommend KUBS students to actively participate in any kind of club activities. I was able to grow as a person and foster my confidence in GoranDoran. There are many activities that have a very organized learning curriculum so if there is anything you would like to learn clubs are the right places to go.
[Interview with Retiring Professors] “I Will Not Forget the Time I Spent with My Students” - Prof. Seoil Chaiy, Prof. Jin Kyu Lee, and Prof. Kwan Hee Yoo
Interview with Retiring ProfessorsㅣProf. Seoil Chaiy, Prof. Jin Kyu Lee, and Prof. Kwan Hee Yoo “I Will Not Forget the Time I Spent with My Students” Professor Seoil Chaiy Q. You have spent 34 years in the teaching profession. How do you feel? I was happy during my 34 year tenure in KUBS. I was extremely fortunate to be able to teach my favorite subject, marketing. The most challenging period was in 1984 when I came to Korea University after quitting professorship in the University of Pittsburgh because I did not have much time to carry on with my research after teaching for 19 hours a week. KU has transitioned from being teaching-focused into research-focused. I think the school changed the most during my time here. There were other troubling periods but I think there were more happy ones. Q. Do you have any memorable events during your teaching period? There were plenty of memorable events. I always felt worthwhile when my students told me that my lectures influenced their views of the world or that they had subsequently developed a keener interest in business studies after taking my course. I felt hugely let down when students told me that business studies did not quite suite them and it was distressing to give my students career advice on developing their careers despite not having found their passions. I always told them to pursue their passions. I always thought of my students more like my brother, or my children and thus, I found myself giving lots of life counsel. Q. You have taught innumerable students during your time in KUBS. Do you have any special memories with your pupils? I taught many pupils. One was very bright and he became a renowned professor, and there were many others with diverse personalities. The one I remember distinctly is the one whom I scolded. When mobile phones just came out, I told off a student whose phone went off during the lecture. He visited me after he was discharged from the army and thanked me for the life related advice I gave him after that little disturbance. He bought me a tie as a token when he received his first pay check. Other memorable events include when our country was undergoing depression; students who came back from spending holiday with their families visited me in my lab with rice cakes from their parents. Every student who came to visit me has a special place in my memory. I also remember students who thanked me for my assistance. Q. What are your plans after retirement? After retiring from my post, I am going to provide students who are ambivalent about their careers with information about various jobs. In fact, I started it 5 years ago. I first got into it because lots of students came to me for counsel because they did not like their subjects. "Institute of Creating Shared Value (ISCV)" is the name of the program and it helps students find suitable degrees and informs them with requirements for certain jobs. One-third of the jobs that exist now are apt to disappear in the future. A few words of advice to students who are struggling with their future career can be of huge help. Through ISCV, I hope to help students choose their careers and introduce similar services in other countries. Q. Could you give us a few last words for all the members of KUBS? We should always be conscious about our goals. It is imperative to think about the vision of KUBS and create a culture that is geared towards achieving it. I understand that it is not easy because not all members share the same goal. To achieve a common goal, there should be a platform where people can freely express their views. I also hope that after 30 years, KUBS will still be the number 1 business school and that I can feel proud of the fact that I was a professor in KUBS. I want to tell the students to do what they are passionate about but never to give up on learning. The quest for learning is an unending journey and the end of it marks the start of the deterioration of the mind. Whether it be starting a new sport or learning a new instrument, I want to point out the significance of learning. Professor Jin Kyu Lee Q. Your teaching profession has come to an end after 29 years. How do you feel? I became a faculty member in KU in March, 1989. Before coming to KU, I was in West Virginia University, USA. My old teachers prompted me to come to Korea. As a KU alumnus, I felt a surge of pride and self-esteem when I assumed a teaching post in this school. And that marked the start of my 28 years and 6 months of teaching in KU. At the same time, I feel relieved and sad to leave a place where I have worked with such passion. I have many fond memories as the dean of KU Graduate School of Labor Studies and KUBS. But fortunately, I am still young and I will try out something new when I leave the school. Q. Do you have any memorable events during your teaching period? There were many episodes during my professorship in KU, but I the most memorable ones were the ones with my pupils. Even to this age, I still remember talking about life with my students over a few pints of beer. I feel that this is what being a professor should be. I taught a course called "Modern Business Management," a large size lecture that used to have 400 students which has been scaled down to 200. I used my book "Modern Business Studies" for the course and it covered the principles of manag ement studies. I used to have lots of social talks with my pupils over their love life, travelling abroad and their experiences and we used to relate each story with business studies. I think that made many students to like my lectures. It was a deep interaction of thoughts that overcame the generation gap that existed between me and my students. I derived immense pleasure from that. Q. You have taught innumerable students during your time in KUBS. Do you have any special memories with your pupils? A lot of my pupils have now become faculty members in various universities. The one I remember the most has gained a professorship in Notre Dame University in the U.S. I was his tutor when he came to our school in 1990. He did not come to my office often, but after 4 years, he asked me to officiate his wedding. The event became a fertile soil on which our relationship developed into a friendship and later, I became his mentor. He eventually became an eminent professor in the U.S. We frequently have the come-and-go and talk about our silly past. Another fond pupil of mine is from the history department who told me that he was very moved by my lecture. He could not afford to study abroad so I contacted one of my KUBS graduates who was studying in the U.S. and asked him to make an additional slot for the student. He eventually became a professor in Yonsei University, but he always proudly mentions that he is from KU. I feel immense joy when I see students with lots of potential succeed under my assistance. Q. What are your plans after retirement? My life mentor whom I have a deep respect, Professor Bok Song, have recently published his book <Privilege and Responsibility>. It calls for the upper echelon of Korean society to cultivate a culture based on noblesse oblige, as the privileged Korean elites have had prospered on special privileges but have avoided the responsibilities that entail them. The book inspired me to return the privileges society has endowed upon me in the form of becoming involved in voluntary and charity work. One of my works involves helping out the Palestinians as the chairman of Bethlehem University, a Vatican affiliate institution. I want to become help people in need as I believe that global peace starts by treating these people. Q. Could you give us a few last words for all the members of KUBS? I assume cultivating a "I love KU" - mentality is the most important. For the business school to do well, and on a larger scale, for the whole university to do well, we have to be deeply concerned about how to accomplish our goals. We must always remember that our ultimate goal is to love KU which will hopefully help resolve conflicts and ease differences. Lastly, I would like to add any KUBS students who want to talk about life over beer or Makgeolli are more than welcome to visit my office in Gwang Hwa Mun! Professor Kwan Hee Yoo Q. Your teaching profession has come to an end after 22 years. How do you feel? I feel relieved and fortunate. First of all relieved, because despite accounting being a very difficult subject to teach, I feel I made my course easily approachable for student. I also feel privileged to have had the opportunity to interact with many bright students. It is a shame that I would no longer be able to communicate with these students. It was a worthwhile experience teaching exceptional students for 22 years in KUBS. Q. Do you have any memorable events during your teaching period? Now, classroom size in our business school is below 100 pupils but in the past we used to have classrooms that would be filled up to 250 students. So it was difficult to remember the students’ names and their faces. Amidst the confusion came Cyworld. It marked the start of an era of social networking services in Korea and I remember becoming closer to my students via Cyworld. I eventually remembered the students’ names after accepting their friend requests and continuously looking at their pictures. If it was not for the SNS, they would have remained as mere passing students; it felt good to stay in touch with them even after the lessons. Q. You have taught innumerable students during your time in KUBS. Do you have any special memories with your pupils? I have fond memories of many of my pupils. One of them was a student who was in his third year and came to me after passing his CPA exam. He joked how my course made accounting seem easy and eventually encouraged him to become an accountant but I was very proud. Another student I remember was Junkyung Uh, who came to this school in 1998. He often visited my office as an undergraduate. We would talk about the student’s future plans and we still keep in touch. He came to me for his recommendation letter when applying for an internship, a firm in Hong Kon after graduation and pursuing a master's degree abroad. I heard that he became a professor in Yonsei University this September. I would have been more glad if he came to KU instead. Q. What are your plans after retirement? A lot of people ask me if I have any plans to go travelling. I intend to continue one with my work and make accounting more approachable to people who do not know much about it. Professor Hyung Suk Kim in the philosophy department in Yonsei University said, “Looking back my 100 year long life, humans are the wisest between the age 60 and 75 and I think this period is our golden age.” I started taking swimming lessons this January. I never swam but learning from a professional did improve me a lot. I try to swim whenever I have the time. You could say that keeping a healthy physical and mental state and teaching accounting would be my retirement plans. Q. Could you give us a few last words for all the members of KUBS? Everything about KUBS – its facilities, academic environment – is simply the best. During my 30 years in KU, I seemed to have overlooked the fact that no universities in Korea have the infrastructure that KUBS enjoys. I hope that KUBS faculty members would always remember the privilege they enjoy, and maintain the harmonious atmosphere we have always cherished. I want to tell my pupils to quickly set up their life goals. The best way to not waste any time in university is to have quickly established a life goal. And I think it would help students if they listen carefully to the smallest detail of what professors say. At the beginning of my lecture, I always advise my students to invest in stocks even if it is only one share. But hardly anyone raises their hands when I ask at the end of the semester if anyone had become a shareholder. There is a huge difference between studying financial accounting as a shareholder and not. Other professors would share their resourceful experiences and I hope students would become more attuned to their professors’ stories.
[Interview with Korea MBA Student] “In Planning Your Long-term Career, KMBA Will Definitely Boost Your Confidence” - Jae Woon Yoon, (KMBA '17)
Interview with Korea MBA Student│Jae Woon Yoon (KMBA '17) “In Planning Your Long-term Career, KMBA Will Definitely Boost Your Confidence” Q. Could you tell us about yourself? My name is Jae Woon Yoon and I am currently an employee in the finance department in Hyosung Corporation. I joined Hyosung Finance Headquarter in August, 2008 and worked in IR and accounting team. Now, I am in my second year as section chief in the fund team in which I deal with credit evaluation and financial loan related jobs. Q. Why did you decide to do Korea MBA? Frankly, I had a vague idea of going to graduate school ever since I joined the firm. The time when I had to diligently learn about work was now in the past and I thought it was a good time to rejuvenate my passion for life which has gradually declined and bolster my knowledge in finance. Hence, I applied for Korea MBA. Q. Why did you choose KU Executive MBA over all the other MBA programs? I first considered proximity to my workplace and flexibility the most important factors when considering school, but at a school fair and in various interviews I realized why KMBA was the number 1 MBA program in the country. I had the impression that they consider students their customers and briefing sessions and interviews are very student oriented. This impression continued when I attended the school festival or lectures. I am really satisfied with my choosing KMBA. Q. Have you noticed any big changes after starting KMBA? I think I become more focused during work because I have to go to school, too. When I see myself as a leader after having completed my role as a manager, I think my studies would bolster my confidence in the future. Furthermore, I have plans to do a PhD and I believe that graduate level studies would be hugely helpful. Lastly, the time I spent with my colleagues and the networks I have formed accordingly have become my invaluable assets. Q. Which KMBA curriculum helped you the most? I found Professor Jungbien Moon’s "International Business" to be the most rewarding. Reading case studies about how multinational companies, like us, that have their subsidiaries spread through the world, consider financial, economic and political aspects when establishing a new subsidiary helped to understand my work better. Q. What did you take from KMBA other than the courses you have taken in the core curriculum? KU MBA runs many events around the school and the students’ union. Some of these include: △orientation, △workshop, △Single’s Night, △Family-Day, △year-end party, △insight forum, △club activities, △career headquarter sponsored work meeting, and △zodiac sign gathering. These events provide an abundant opportunity to get closer to each other. Q. Could you give one last word of advice to prospective KMBA candidates? I once saw Steve Jobs’ commencement address at Stanford University. One of the most memorable quotes was "connecting the dots" which means that past experiences come together to form a line of life and it does not matter whether it is a success or not. Looking back I think my present self is a reflection of what I did in the past. Sometimes I failed, sometimes I succeeded but everything was possible because I tried. Don’t hesitate. Just do it.