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First Outdoor Event of 15th G-MBA Class, “Highly Satisfying” Campus Tour and Program

First Outdoor Event of 15th G-MBA Class, “Highly Satisfying” Campus Tour and Program KUBS(Dean=Johngseok Bae) 15th Global MBA (hereinafter G-MBA) class student council hosted ‘ON CAMPUS EVENT’ (hereinafter Campus Event) on Friday 23rd April 3pm. Campus Event is the first outdoor event since the admission of the 15th G-MBA class last August. Students strictly followed COVID-19 guidelines while bonding, participating in various missions and recreation programs at many locations on campus.   The 15th G-MBA class students gathered on the lawn in front of Business School Main Hall and took a group picture. Dean Johngseok Bae greeted the students saying “[I am] happy that G-MBA students finally have the opportunity to meet each other on such a good day” and “[hoped] the students to stick to COVID-19 guidelines and spend a meaningful day”.     Due to the COVID-19 administrative order to ban gatherings, students were grouped into 10 teams of 3~4 people for group activities. They did not get together in one place at once. Rather, the students were scattered to various places on campus such as Business School Main Hall, Law School Building, Central Square, and Inchon Memorial Hall. The 15th G-MBA student council arranged missions and games such as ‘capital city quiz’, ‘famous people photo quiz’, and ‘learning KU cheers’ and gave out presents.   The 7 G-MBA 15th student council members each supported or hosted group activities and games. The 15th Student President Eunjin Kim said, “we did not have an opportunity to learn about our campus since our admission last august so [today’s event] was very meaningful”. The student president also said “I feel proud because students found the campus beautiful and showed high satisfaction to the overall program.”   Article·Photo | KUBS Management Support Team  

2021.05.10 Views 24

2021 2nd Career Week, “Follow changes in employment trends in the New Normal era”

2021 2nd Career Week, “Follow changes in employment trends in the New Normal era”   The 2021 2nd Career Week, hosted by KUBS(Dean = Bae Johngseok) Career Development Center, was held on April 16th (Fri). Career Week consists of special lectures on employment to aid students in their career search and corporate guest lecture session. The special lectures on employment were held online this time  due to COVID-19.   Link Company director Kim Tae Jong gave a lecture on “Industry, company, job analysis methodology and strategy on business communication.” Director Kim introduced employment trends of 2021 and emphasized the understanding and application of changed standards such as △expansion of frequent recruitments △recruitment changes in the untact era △reinforcement of management capabilities. He also mentioned the necessity to strengthen digital competency in the New Normal era that came due to COVID-19.   Tips to analyze industry, companies and job positions were also provided to students. Various methodologies and sources to analyze companies were provided, such as PEST analysis that covers politics, economy, sociocultural factors and technology, and websites like DART and Career Catch. Director Kim added that “it is important to continuously update information using many platforms.”   Director Kim Tae Jong said that in business communication, “it is important to productively create contents than fancifully talking about it.” He emphasized that one should be able to precisely communicate what the company intended in terms of content structuring and its appropriateness. Also, he introduced tools for logical thinking such as MECE(Mutually Exclusive, Collectively Exhaustive), logic tree, logic expansion method etc. and advised students to apply them in their letter of self-introduction.   Author: Yoon Seon Woo (Media & Communication ’18) Photo: KUBS Career Development Center

2021.05.04 Views 54

Entrance ceremony of the 91th AMP class held, “Applause for their new challenges in tough times…”

Entrance ceremony of the 91th AMP class held, “Applause for their new challenges in tough times…” The entrance ceremony of the 91st AMP (Advanced Management Program) class  in the Korea University Business School (Dean = Dr. Bae, Johngseok) was held at 5 p.m. on the 19th (Monday) at the Supex Hall of LG-POSCO Building. Several AMP faculty executives, including Dr. Bae, Johngseok (Dean of KUBS), Yong Keun Yoo (Associate Dean of MBA programs), and Bae Bokyung (AMP Academic Director) attended the ceremony. The event was held under strict quarantine guidelines such as wearing masks and sitting at a distance to prevent COVID-19.   "The ultimate purpose of management is to help mankind live a good life together," said Dr. Bae, Johngseok (Dean of KUBS), and congratulated by saying, "As the Dean of Korea University Business School, we want to help our 91st AMP class become leaders in accordance with the demands of our generation." Lee Ki-joon (Vice president (General Affairs) of AMP Alumni Association), said through his congratulatory speech, "I sincerely applaud the 91st AMP class who are starting new challenges in tough times". He added his words of support by saying, "I hope you enjoy the romance of your youth as students while studying."   It was followed by the introduction of the alumni association and clubs by the secretary general of the Alumni Association, Jeon Hyung-sik. 42 incoming students can participate in each club's activities after completing the AMP program. The entrance ceremony ended with a commemorative photo shoot after singing the school anthem in silence to prevent COVID-19.   First established in 1975, Korea University Business School's AMP program has 46 years of tradition and a strong network of renowned alumni in each field.   Article | Park Hye-jung (Department of Korean Language and Literature ‘19) Photo | Korea University Business School

2021.05.03 Views 51

2021-1st Semester KUBS Student Ambassador KUBE Closing & Starting Ceremony

  2021-1st Semester KUBS Student Ambassador KUBE Closing & Starting Ceremony The closing ceremony and starting ceremony of 2021 1st Semester KUBS(Dean=Johngseok Bae) Student Ambassador KUBE took place on April 5 at LG-POSCO Bldg. Ahn Young-Il Hall. KUBS Dean Johngseok Bae, KUBS Associate Dean Jae Uk Chun, and KUBE members participated. The hosts, 13th President Junhee Ji(Business ’17) and Vice-President Kyulee Moon(Business ’19) started the event by expressing their resolution to raise internal and external status of KUBS through various events and legwork. The hosts presented about last semester’s activities and this semester’s activity plans. The last semester’s main activities include △Campus Tour Video △2021 Orientation for Early Admission Successful Candidates △social media contents △KUBS Journal △KoManSa (People KUBS Met) Interviews, through which KUBE tried to deliver KUBS news to teenagers, graduates, and all members of the campus. In addition, ‘The 10th Teenage Mentoring Day’, which had been postponed due to COVID-19, has resumed in one year and KUBE was able to provide high school students all over the country with △KUBS introduction △Business courses △cooperative education △academic mentoring from enrolled students. For 2021-1st semester, there are plans to promote online actively through Youtube, social media, and KUBS Journal. Moreover, regular campus tour, which has been suspended due to COVID-19, will be resumed online and ‘2021 Spring Regular Campus Tour for Teenagers’ ‘The 10th Teenage Mentoring Day’ are being organized.  KUBS Dean Johngseok Bae stated that KUBS, having 115 years of rich history, has led business studies in Korea and was described to be ‘the first’ on many occasions. He asked the students to “take pride and be active in promoting [our school].” Associate Dean Jae Uk Chun said, “happiness starts from loving one’s given task” and that he hopes the students enjoy their duties of promotion.  Dean Johngseok Bae awarded the students who have finished their 1-year △Wonsung Kim (Business ’19) △Jeongwook Park (Business ’20) △Jongho Seo (Business ’17) △Jeonghyun Lee (Business ’19) △Daeun Jung (Business ’20) △Jimin Ha (Business ’19) with certificate of activity and prizes through 12th KUBE closing ceremony. The ceremony for presentation of appointment certificate for 14th members and scholarship certificate for 13th and 14th members succeeded. KUBS has created ‘Business School Student Ambassador Scholarship’ since 1st semester of 2019 to praise KUBE members for their contribution and hard work.     Article | Management Support Team Photo | Chaewon Park (Business ’18)  

2021.04.19 Views 181

[2021 Start-up Station Lecture Series #2] Start-up Enuma Korea Gets Funded 5 Billion Won by Elon Mus

[2021 Start-up Station Lecture Series #2] Start-up Enuma Korea Gets Funded 5 Billion Won by Elon Musk Hyunju Kim, the Impact Business Director, lectures on “The Road to Social Venture: Educational Innovation in Developing Countries” The second round of the 2021 Startup Station Lecture Series, hosted by Korea University Business School (Dean=Jongseok Bae), was held on April 6th. The Lecture Series is a program organized by the Entrepreneurship Academy of Seung Myung-ho Entrepreneurship Education Center, the educational department of Start-up Station. Various start-up mentors are invited to give lectures in this series of events.   In this event, Hyunju Kim, the Impact Business Director of the start-up Enuma Korea, gave a lecture on “The Road to Social Venture: Educational Innovation in Developing Countries.” The speech was broadcasted online due to Covid 19.   Enuma Korea is an Edu-Tech start-up that develops and runs mobile education applications for children such as Todo Math and Todo English. In May 2019, it launched Kitkit School, a game-based program that enables self-directed learning for children, thereby winning the “Global Learning XPRIZE.” This eventually led them to be funded 5 billion won by Elon Musk.   Director Kim explained how Kitkit School helped children from developing countries with self-directed learning. There have been efforts in the existing digital education industries to utilize Edu-Tech to provide solutions for education in marginalized regions, but it did not lead to successful academic achievements. Director Kim commented on the problem, stating that “Many of them focused too much on hardware development, therefore paying less attention to the importance of user-based learning experience.”   Moreover, Director Kim explained the outlook of Enuma Korea in today’s society, where the education gap further widened due to Covid-19. She wrapped up the lecture by saying that “Enuma School Program is reaching out to children of regions such as Indonesia and Latin America, where children have difficulty accessing online education services.”   Article | Hyejung Park (College of Liberal Arts, Korean Language and Literature Major '19) Photo | KUBS Start-up Station

2021.04.19 Views 105

KUBS Hosts the 1st Career Week of 2021: Global Vendor Financing and Working in a Global Company

  KUBS Hosts the 1st Career Week of 2021: Global Vendor Financing and Working in a Global Company     The 1st Career Week of 2021, hosted by Korea University Business School (Dean= Bae, Johngseok) and organized by the KUBS Career Development Center, was held on Thursday, March 19th. The event was scheduled into two sessions: career lectures, which aimed to help students find their career paths, and special lectures on enterprises. This year’s Career Week was held online due to Covid-19.   Special lectures on enterprises, which provided information on various industries and departments, were given by personnel currently working in diverse business sectors. Jung-Nam Kim, the Country Business Leader (CBL) of DLL, a subsidiary of Netherland’s Rabobank Group, gave a speech on “Global Vendor Financing and Working in a Global Company.” DDL is a finance company that provides services based on global vendor finance.   CBL Jung-Nam Kim explained about global vendor financing based on DDL. Financing is the process of providing capital to businesses, consumers, and investors, which operates based on three major types: equity financing, debt financing, and a mix of both. Global vendor financing companies offer financing expertise to different companies by signing global partnership contracts with vendors or client companies.   Unlike traditional banking, where a two-way transaction is occurred between a bank and a customer, global vendor financing is conducted by three different stakeholders: vendor, dealer, and customer. CBL Jung-Nam Kim stated, “Our company professionally deals with diverse fields including IT, construction equipment, agriculture, and health care.” He emphasized that since vendor financing companies manage solutions such as product leasing and mortgage loan, it requires a high level of profession just like a vendor company. He continued his explanation by showing an organization chart of a financing company as well as the flow chart of financing products such as product lease.   In the second part of the lecture, CBL Jung-Nam Kim gave a speech on “Working in a Global Company,” dealing with the flextime system and meritocracy. He emphasized that communication skills, active participation, and teamwork are the key to working in a global company. Moreover, he advised that it is one good option to branch out into a global company after building work experiences in domestic companies.   Following, he introduced “Seven Principles of Reporting,” a book dealing with strategies of business reporting such as speaking to the point. Later, during the Q&A session, CBL Jung-Nam Kim gave an answer to the question on how to develop communication skills, saying that “Reading books and taking business courses are indeed helpful, but the best way is to learn through experience by participating in a variety of activities, such as internship programs.” He ended the lecture by advising that “You should come up with your own personal story and thereby appeal to the company how much you are suitable to the hiring position..”

2021.04.05 Views 138

Completion Ceremony of the 90th Advanced Management Program (AMP) Held

Completion Ceremony of the 90th Advanced Management Program (AMP) Held The 90th completion ceremony of the Korea University Business School’s(Dean = Bae, Johngseok) Advanced Management Program (AMP) was held at the Supex Hall of LG-POSCO Building on March 8th (Monday). The ceremony was held in accordance with quarantine guidelines, with Dean Bae Johngseok, Associate Dean for MBA Yoo Yong Keun, AMP Association President Kim Moon-chan, AMP Academic Director Bae Bokyung and other AMP Alumni Association executives attending the ceremony.   The completion ceremony began with the congratulatory speech of Dean Bae Johngseok. “Congratulations on the successful completion of the AMP amidst such difficult times. We hope you glorify this fine club and become dignified alumni,” he said.   Next, AMP Association President Kim Moon-chan gave a congratulatory speech and said, “I hope you find a next purpose as an alumnus.”   AMP Academic Director Bae Bokyung said, “It’s a shame that we could not gather in many events due to COVID-19. From now on, we’ll provide opportunities where you can interact with younger classes as an alumnus.”   Afterwards, the graduate representative and AMP 90th class president Kim Won Seok gave a speech. “It was a dramatic six months, even more than when I received my Ph.D. It was a lifetime’s honor to have gone through these rough times with the best classmates.”   Finally, presentation of the certificate of completion, the plaque of honor, and the achievement plaque of alumni association followed. Kim Young Jin, representing the 90th class, received the certificate of completion. Next, various awards such as the Dean’s Award, Achievement Award, and Exemplary Award were presented. To prevent the spread of COVID-19, the completion ceremony finished by silently singing the school song, throwing the graduation cap and taking a picture.   Meanwhile, Korea University Business School's AMP program, which was founded in 1976 for the first time in Korea and has a 46-year-old tradition, boasts a strong network of renowned alumni in each field.  

2021.03.29 Views 168

[2021 Startup Institute Lecture Series #1] ‘Startup WATCHAs “I Will Somehow Make It Happen” Spirit’

[2021 Startup Institute Lecture Series #1] ‘Startup WATCHAs “I Will Somehow Make It Happen” Spirit’ – WATCHA COO Jihyun Won. Korea University Business School (Dean=Johngseok Bae) Startup Institute (Director=Hojung Shin) hosted its first special lecture of 2021 Lecture Series last March 9 (Tuesday). Lecture Series is a part of entrepreneurship academy of Seung Myung-ho Entrepreneurship Education Center, an sub-organization for education within Startup Institute, and active startup mentors are invited to deliver lectures. The lecture, held online due to COVID-19, was delivered by co-founder of startup WATCHA, COO Jihyun Won with the title, “Startup WATCHA’s “I will somehow make it happen” Spirit’.   Since its establishment in 2011, WATCHA has presented WATCHAPEDIA, a movie review and recommendation service, and is growing with WATCHA (former WATCHAPLAY), a personalized OTT service launched in 2016, as its flagship service. Due to repeated growth of the firm after the launch of the service, WATCHA recently reached 10 million accumulated downloads, and is competing with Netflix, so called ‘dinosaur’, in domestic OTT market. Although WATCHA is doing well now, it had experienced a lot of hardships to reach its current position.   As indicated by the title, COO Jihyun Won introduced ‘I will somehow make it happen’ spirit, which is established as a culture of WATCHA. He told future startup founders that “it seems that people who keep holding out are the ones close to success” and advised them to not give up as it is “a world where you can succeed even without special experiences or good environment”.   COO Jihyun Won presented 3 important things important to founders. First, develop a habit of learning by releasing actual products in the market and checking reactions based on ‘lean startup methodology’ rather than empty talk. Second, just as WATCHA endured for [its success] after launching its OTT service, an optimistic attitude to persevere is required. Finally, for startups, people are so important that they are all of a company’s asset. COO Jihyun Won ended the lecture by emphasizing ‘people’, saying “business is about drawing and ejecting people well”.    

2021.03.29 Views 148

Korea University Business School Students Ranked TOP 2 in International CSR Case Competition

  Korea University Business School Students Ranked TOP 2 in International CSR Case Competition (From the left) Business School Professor Jungbien Moon, Sunghyun Baek (Business ’19), Minkyung Kim (Business ’19), Hyunsong Kim (Business ’19), Sangyoon Kim (Business ’19), and KUBS Dean Johngseok Bae.   Korea University Business School (Dean=Johngseok Bae) enrolled students ranked second place at Milgard Invitational Case Competition on Social Responsibility (MICCSR) hosted by University of Washington, Tacoma - Milgard School of Business.   MICCSR is a competition in which participants analyze real case problems related to social value, establish strategies and strategic direction and present them. Started in 2012 and celebrating its 10th anniversary this year, MICCSR was held from February 13 to 26. The event was conducted online due to COVID-19 and universities from many countries participated, including not only South Korea but also △United States, △Switzerland, △Italy, △Canada, △Australia, etc.   The students who participated in 2021 MICCSR and were honored to be the first Korean university students to be awarded were △Minkyung Kim (Business ’19), △Sangyoon Kim (Business ’19), △Hyungsong Kim (Business ’19), and △Sunghyun Baek (Business ’19). They gained the opportunity to enter the competition by winning the grand prize at ‘2020 Social Value Research Competition’ held by KUBS. The students have prepared for MICCSR with the guidance from Business Professor Jungbien Moon.   At MICCSR, 20 recommended teams are divided into 4 groups for the preliminary rounds, and only 4 teams, who won the first place in each group, compete in the finals. This year’s topic was deciding on whether to invest in a global cruise agent or not from a Socially Responsible Investment (SRI) point of view. One week was given to analyze the case and prepare presentation materials. Since the competition was held online, a presentation video was required as well.   On February 25, a Q&A and feedback session with the judges were arranged for all teams participating in the preliminary rounds. After the evaluation process, 4 finalist teams underwent the final round on February 26, and the results were in the following order: △University of Maryland (1st place), △Korea University Business School (2nd place), △University of Minnesota (3rd place), and △George Town University (4th place). It was a moment where KUBS stood out, especially since it won the second place among eminent American universities.    Mr. Kim Sangyoon, who led the team from ‘2020 Social Value Research Competition’ to MICCSR, “sincerely thanked business school professors who were of great help” and revealed “[our team spent the winter vacation preparing for the competition and we are happy that our efforts paid off”. He added that “social value knowledge learnt in major courses helped greatly to find a way in the competition”. Mr. Kim also said, “I am very grateful to the team members who have completed the 2-year journey without any conflicts while being very caring to and thoughtful for each other.”   KUBS Dean Johngseok Bae was full of praise for the students. He offered his congratulations, saying “I applaud the students for their efforts and passion, having stayed up all night in demanding situations”.   Meanwhile, KUBS is working on ‘KUBS-SK Business for Society Project’ to cultivate talents who understand and seek social values. As a part of the project, Social Value Research Competition will be hosted in order to give students opportunity to find a social value seeking business model themselves. 2021 Social Value Research Competition starts in upcoming April and every Business school student can apply for the event.  

2021.03.22 Views 237

Taking a step further into the world – The 113th and 114th Business School Commencement Ceremony (Un

Taking a step further into the world – The 113th and 114th Business School Commencement Ceremony (Undergraduate and Graduate) highlighting the 114th Commencement Ceremony, which appeared to be even more special with the first Business Analytics Major graduates and the 100th Korea MBA graduates     Korea University Business School (Dean=Johngseok Bae) held the 113th and 114th Commencement Ceremony on February 24th (Wed) and 25th (Thu). This year’s commencement ceremony took into consideration of not only graduates of 2020 Spring (February 2021) but also graduates of 2019 Spring (February 2020) and Fall (August 2020), who couldn’t participate in previous ceremonies due to the COVID-19.   The 114th Commencement Ceremony, which took place for 2020 Spring graduates, was even more special as it produced the first graduates of Business Analytics Major and the 100th graduates of Korea MBA.     The first part of the event took place in the SUPEX Hall of LG-POSCO Building. The event was streamed live and was held under strict social distancing guidelines, with a minimum number of people participating in the event, including the valedictorian. The 113th Commencement Ceremony began with a career outcomes report by Dr. Yongkeun Yoo, the Associate Dean for MBA Programs, and the 114th by Jaeuk Chun, the Associate Dean for Faculty and Academic Affairs.   Dr, Johngseok Bae, the Dean of Korea University Business School, stated, “We congratulate your graduation and completion of the curriculum, which could have been very demanding after all.” “We hope you would become social leaders who utilize one’s knowledge to contribute to the common good of the whole society,” he added, “Always have pride as a KUBS graduate, and we request your continuous support for the school.   The Graduate Commencement Ceremony was followed by a commencement speech by Hyunsik Chung, the President of Korea MBA Alumni Association. “Korea MBA Alumni Association has now become Korea’s one and only MBA alumni network where graduates ranging from the first to 100th actively participate,” he said, “We hope the Korea MBA Alumni Association becomes your lifelong network.”   Next, awards and degrees were presented to the students graduating summa cum laude in each department. The President’s Award, which is given to the valedictorian of undergraduate and all MBA programs, was presented to △Heewon Son (Undergraduate, Spring 2020) △Soyeoung Kim (Korea MBA, Spring 2020) and △Jiho Lim (Global MBA, Fall 2019).   The Dean’s Award, which is given to the students graduating summa cum laude in each MBA program, was presented to △Jangwoo Kim (Spring semester of 2020) △Bongook Noh (Spring semester of 2019) of Executive MBA; △Seokhyun Koo (Spring semester of 2020) of Korea MBA; △Nayoung Song (Spring semester of 2019) △Joonghyuk Choi (Spring semester of 2020) of Finance MBA; △Onyoo Lee (Fall semester of 2019) of Global MBA; and △Singh Jai (Spring semseter of 2019) △Hu Qidi (Spring semester of 2020) of S3 Asia MBA.   In the first part of the event, diplomas were presented only to the valedictorians of undergraduate, Ph.D., and MBA programs, along with Master’s graduates, to prevent the spread of Covid-19. The second part of the ceremony was prepared for the graduates who could not participate in the first part. As there were more than 1000 graduates from the undergraduate program, they were only allowed to receive their diplomas individually.     In the second part of the event, the Ph.D. and MBA graduates were individually scheduled with their participation time. The graduates were presented with diplomas under strict social distancing. The graduates, who participated in this unprecedented commencement ceremony, said, “It is too bad we couldn’t enjoy a large part of the campus life, but I am happy that I get to wear the graduation gown and receive the diploma in person.”     Although not everyone could gather and celebrate the event like before, that does not mean that the meaning of graduation fades away. Since all graduates overcame difficulties and made remarkable achievements, they must receive an even bigger round of applause. Graduation is only the beginning of a new chapter in life. We sincerely hope glory and happiness will come along in the future of all Business School graduates who are taking a new step into the world.    

2021.03.22 Views 129

Retirement of Professor Kim Icksoo…”Retirement is not a full stop, it is a semicolon”

Retirement of Professor Kim Icksoo…”Retirement is not a full stop, it is a semicolon”       The retirement ceremony of Professor Kim Icksoo, who has been striving to educate future scholars for 26 years at Korea University Business School(Dean=Dr. Bae, Johngseok), was held on last February 24th(Wed) at the Ahn-Young-Il Hall of LG-POSCO Building. The ceremony was finally resumed due to the spread of COVID-19 in 2020. Only a minimum number of people attended the ceremony while thoroughly following the quarantine regulations, and fellow professors and students who could not attend to celebrate Professor Kim Icksoo's retirement through the online live broadcast.   Professor Pyun, Ju Hyun, the head professor of the International Business area (Professor Kim Icksoo’s major) started the ceremony by introducing a sketch of Professor Kim’s life. Professor Kim Icksoo entered KUBS in 1973, and after passing the Public Officer Qualification Exam while attending school, he resigned from his career as a public officer and started studying abroad. He earned a master's and doctorate degree economics from Oxford University in the United Kingdom. After being appointed to Korea University Business School in 1995, he worked as a pioneer in Chinese economy and market strategy research to educate students.       Following the introduction of Professor Kim, Dean of KUBS Dr. Bae, Johngseok gave a speech by saying “We would like to thank you for your effort as a representative of KUBS”, and passed on his words “I respect the academic expertise and influence of Professer Kim Icksoo, a pioneer in Chinese-related research”.     Professor Kim Icksoo then received a government citation for his contribution to the development of national education. He also received a plaque of appreciation from KUBS for contributing to the development of the school with dedicating lectures and academic achievements.     Professor Kim Icksoo expressed his feelings by speaking in his retirement speech, “Retirement is usually considered as something sad, but on the one hand, I am excited to be able to write a book that communicates with the public or engage in various activities without the pressure of research or thesis”. He also said “Retirement is not a full stop, it is a semicolon (;)” and added “I don’t know what will happen in the future, but my retirement is not the end of my life or studies.” Professor Kim Icksoo ended his memorable retirement speech by reciting Li Bai’s Chinese Poem ‘Haengronan(行路難)’ in both Chinese and Korean.   After Professor Kim’s retirement speech, valedictory speeches of his fellow professors continued. Professor Lee Doo-Hee applauded by saying “Professor Kim Icksoo showed his excellent academic ability, Chinese proficiency, passion of coaching undergraduate student clubs for a long time, and dedication to his family” and added, “He is like a glowing rainbow which and gives hope and sets an example to other people”. The retirement ceremony ended with a congratulatory video of Professor Kim’s students which left us with gentle touching and impression.

2021.03.12 Views 214

‘2021 10th KUBS Teen Mentoring Day’ for Future KUBS Students

‘2021 10th KUBS Teen Mentoring Day’ for Future KUBS Students     On January 30th(Sat.), Korea University Business School (KUBS, Dean=Johngseok Bae) held ‘2021 10th KUBS Teen Mentoring Day’ for future KUBS students. The event was held online while thoroughly following COVID-19 prevention regulations. The event was hosted by KUBS Student Ambassador ‘KUBE’ and eleven undergraduates as mentors. As the ‘10th KUBS Teen Mentoring Day’ had once been postponed due to the COVID situation in February 2020, inquiries from high school students nationwide had sharply increased to participate in this event.   A total of 116 students were selected amidst a high competition rate. The students participated in a comprehensive program comprised of △Introduction to KUBS △Overview of seven majors within business and three tracks △Special lecture on business △Online campus tour △Business administration workshop △ Mentoring session with KUBS students △Q&A session.   KUBS Associate Dean Jae Uk Chun welcomed the participants and said, “we hope this will be a meaningful, motivational experience for you.” KUBS Professor Joonmahn Lee gave a special lecture and explained the core of business by presenting interesting examples for high school students. In the business administration workshop, students became marketers and had a chance to apply marketing strategy.   After the workshop, KUBS students gave tips on studying and remaining calm during the mentoring session. There was also a Q&A session where students could ask about KUBS admission and overall campus life at Korea University.   KUBE’s 12th president Ha Ji Min (Business ’19), who organized and hosted the event, said “I had a great time interacting with high school students online. I’m also proud that we could introduce KUBS and provide an opportunity for students to become interested in business through Mentoring Day.”   In the satisfaction survey, the students who participated in ‘2021 10th KUBS Teen Mentoring Day’ gave positive comments such as “it was a meaningful program where I could get information, advice, and how campus life has changed due to COVID-19,” and “realistic advice that comes from actual experience helped a lot.”   KUBS is holding events to aid high school students in choosing their academic and career plans. ‘Campus Tour and Mentoring Day for students’ will be held in May, and students can participate in campus tour and mentoring sessions with undergraduates. Participation announcements will be made in April.  

2021.03.08 Views 108

Korea University Business School (KUBS) Achieves EQUIS 5-years accreditation for 3 consecutive years

Korea University Business School (KUBS) Achieves EQUIS 5-years accreditation for 3 consecutive years       After achieving Korea’s first EQUIS accreditation, continues its success for 3 consecutive years... prove its world-class education level through business education accreditation. Korea University Business University (Dean Johngseok Bae) has succeeded in accrediting EQUIS (EFMD Quality Improvement System) business education for three consecutive years by the European Foundation for Management Development (EFMD).   EFMD strictly evaluates 10 items including for EQUIS accreditation: △ Vision △ Strategy △ Education Environment △ Quality of Curriculum △ Quality of Faculty △ Internationalization △ Student Qualification. Since EQUIS is very strict in its screening criteria, only 191 schools around the world has it, including the University of Cambridge, Beijing University, and the National University of Singapore.   Originally, the review was scheduled to be conducted by an EFMD review team visiting KUBSin May 2020, but it was postponed once due to the COVID-19 situation and then conducted online in December 2020. However, in online screening process, interviews were conducted for various members, including △ Professor △ Staff △ Students △ Graduates by Course, and so on. After a three-day in-depth review, the review team gave an excellent evaluation of the research capabilities and educational environment of KUBS, which is closely related to actual cases. In particular, the team praised the competitiveness of KUBS, saying, "It is very impressive that the KUBS have established a Business Analytics course and Center for Digital Transformation and Business to meet the demands of the 4th industrial revolution society."   As a result, KUBS achieved EQUIS accreditation for the first time in Korea in 2007, and succeeded in five-year certification in all three re-accreditation reviews, earning it a "Special Re-accreditation" status. Through this privilege, five years later, the five-year accreditation can be extended again through a simple screening process.   Dean said, "Korea University business school proved that it is a business university suitable for global standards by successfully accredited by EQUIS for the first time in Korea for three consecutive times." He added, "Korea University Business School's efforts to not settle for this, lead the rapidly changing times, and foster social leaders with character will continue."   Meanwhile, Korea University Business School is the first university in Korea to earn AACSBBusiness Accreditation throughout its entire degree programs, and has been selected as the nation's only full member of the CEMS Global Alliance.      

2021.03.08 Views 168

KUBS students win excellence award in 22nd Economic Universiade

KUBS students win excellence award in 22nd Economic Universiade KUBS students, Nam Jae Yong(Business ’16) and Lee Taek Joon(Business ’17), won the excellence award in the economics essay field in 22nd Economic Universiade, hosted by E-daily and sponsored by Ministry of Strategy and Finance. Economic Universiade competition is held every year to △develop career paths △enhance cognitive abilities △contribute to the real economy △foster globally talented youths. ‘Green New Deal and Digital New Deal’ was the topic for 22nd Economic Universiade competition. Undergraduates and graduate students participated and competed fiercely in four essay fields: △Economics △Employment △Industry △Education. In the economics essay field, which Nam Jae Yong and Lee Taek Joon won the excellence award, participants were required to submit an essay within ten sheets (A4) and give a presentation about ‘the Green New Deal or Digital New Deal’s impacts on the Korean economy.’ In their major course, they further developed a model which they had previously worked on while preparing for KUBS Social Value Research Competition. The two students participated under the team name ‘Team KUBS(Korea University Business School)’ and showed their love for the school.   Q. Congratulations! Please briefly introduce your paper that received the award. Our paper is about a policy plan that can enhance Korean Green New Deal based on a Korean Environment Impact Bond(EIB). This policy plan suggests ordinary citizens as direct investors for environmental projects and aims to open a financing source. Social Impact Bond(SIB) is a type of social financing that aims to solve social or environmental issues while also generating profit. It is a contract that receives capital from private investors and evaluates provided services and returns profits to investors based on how well social aims were met. EIB is a type of SIB and normally focuses on solving environmental issues. SIB started off to solve social problems, but recently it has evolved to incorporate environmental issues as well. It was first introduced in 2016 when Baltimore and Washington D.C aimed to expand its sewage facility related infrastructure to prevent the flooding of wastewater and heavy rain. Atlanta was the first to invite citizens and ordinary investors to EIB. We researched Atlanta’s EIB case and worked to uncover a new approach to Green New Deal with EIB. New Deal projects have longer investment periods, higher risk and public characteristics which leads to mediocre profit rates. Therefore, we thought that it would be difficult for funds to be invested in New Deal projects if we leave it to the market and started to devise methods to enhance New Deal related funding. We suggested K-EIB, which has the following characteristics. △The public sector such as the government and policy financing institutes take charge of initial investment and bare the costs and risk when raising funds for Green New Deal projects. △Various tax benefits should be provided to private funds to ensure their profitability. △EIB should be divided into three layers and the government should invest in each layer’s last ranked stake to bare capital loss and reinforce credit ratings of these investments to attract private funding. In the post-COVID era, we think the New Normal will be ‘Untact(Transition to Digital)’ and ‘Eco-friendly.’ Jeremy Rifkin, the author of 『Global Green New Deal』, predicts that profits to natural resources will be privatized and the cost of destruction will transform civilization from the Era of Progress to the Era of Resilience. We hope that in the face of these trends, K-EIB will be used for Green New Deal projects and be a core pillar for a Korean Green New Deal.   Q. We heard that this was developed from an idea you thought of during your major courses. We met while preparing for ‘2020 Social Value Research Competition.’ We researched various investment strategies based on social value and got to know impact investing and social finance. We conducted a research on SIB, one of many business models that were profitable. We gave a presentation on the SIB model we researched and received feedback from Professor James L. Park in his ‘Corporate Finance’ lecture. We developed this idea based on the feedback we received. We also participated in ‘LG Global Challengers’ competition with the recommendation of professors and worked hard to utilize our model in real policies. The feedback we received from professors during lectures and competitions helped us improve our SIB model. We think applying this model to the Green New Deal project, which the government is currently leading, was key in receiving the award.   Q. How do you feel about winning the award? Jae Yong: It is an honor to contribute to KUBS. The various activities we did on campus was the foundation to receiving the award. Taek Joon: It’s a great honor to glorify KUBS with the achievements that were based on what we learned in our lectures. I want to share this joy with the school and Jae Yong who worked hard every night together!

2021.02.22 Views 152

KUBS Students Supporting the Economy of Anam, “The Home of KU”

KUBS Students Supporting the Economy of Anam, “The Home of KU” (From the left) Jungyoon Lee, Sunwoo Park, Sooah Jang   The year 2020 was a time that small and local business stores around the campus town area have been experiencing the deepest recession due to the COVID-19. “Ensemble”, a project group launched to support the stagnant Anam economy came up with a positive signal around the campus town community, and the members of Ensemble turned out to be the KUBS students. The three members – Sunwoo Park (KUBS16), Jungyoon Lee (KUBS18), Sooah Jang (Double Major in Business 18) – designed a prepaid-coupon issuance business that allows students to purchase restaurants/café coupons at a discounted price and to provide funds to the stores at the same time.   When asked of how Ensemble got started in March, Mr. Sunwoo Park, the group leader stated, “When we are in Anam, we feel as if we were in our hometown. People around the campus, including store owners, service providers, and other neighbors, have always lived in harmony with KU students. In this difficult times, we couldn’t just stand and watch the people suffering, and we thought that we should do something right away.”   From March to October, Ensemble initiated two online coupon sales projects. In version 1.0, Ensemble paid for large amounts of the merchandise at a discounted price decided in consensus with the vendor, and KU students could purchase them through an online platform.   In version 2.0, “Anam Restaurant Week” which was held for three weeks, provided coupons at a 20 percent discount on average, and students could provide funding through Ensemble’s website on the restaurants they wish to get coupons. As a result, seven restaurants got funding from more than 250 students and faculty members, and the project was closed with a successful sign of harmony along the campus community.   The outcome of two projects has left a package of implications in different aspects. “More than 500 of students have participated to support the small and local stores, and the whole community could build up an emotional sense of solidarity. Also, considering that 2020 was a difficult time for freshmen to get friendly with the campus town, Ensemble’s project was able to open up a new path to advertise the stories of KU community”, stated Mr. Park.   After that, Mr. Park also left a comment on the culture that students gathering for creative projects to solve the social issues. “I think students starting up with project teams and actively challenging to solve neighborhood problems is a very advanced culture. So far, there has been many project teams striving to revive the campus town economy after COVID-19, and I’ll be kind of proud if Ensemble could have contributed in those trends and culture as well.”   Mr. Park told the school that he has been working on another project to be launched in early March this year. KUBS is looking forward to watch another great social impact created by Business School students.

2021.02.10 Views 163

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