[Korea MBA Overseas Field Trip – Vietnam] Hanoi: The Political, Cultural, and Educational Hub    Korea University Business School (Dean= Sangyong Kim) is hosting an 'Overseas Field Trip' program to enhance the international business acumen of its Part-time MBA students. Although the field trip was halted due to the COVID-19 pandemic, it resumed in 2022, allowing students to explore prominent global regions and assisting them in their journey to becoming global business leaders.      In the last 2023 program participants visited Singapore, and this year’s field trip took place in Hanoi, Vietnam, from June 26 to 30. Hanoi, the capital of Vietnam, is known as a key political, cultural, and educational center. The field trip was attended by Academic Advisor Taekyu Kim, Associate Dean Jaeho Jung, and 154 K-MBA students.      During the trip, the participants visited several prominent companies including Samsung Electronics' R&D Center in Hanoi, Kiovet, LG Electronics, and Autotech. Additionally, the students had the opportunity to explore Hanoi’s Vinhomes Ocean Park as part of a cultural exploration segment, which helped to strengthen the network among the participants. 

[Finance MBA Overseas Field Trip – Vietnam] Ho Chi Minh City, the Financial and Economic Hub of Southeast Asia    KUBS Graduate School (Dean=Sang Yong Kim) runs an “Overseas Field Trip” program to enhance the international business acumen of its Part-time MBA students. This program, which was put on hold due to COVID-10, resumed in 2022, allowing students to explore leading global regions and support their growth as global business leaders.      The Finance MBA (F-MBA) program visited Tokyo, Japan, in 2023 and this year traveled to Hanoi, Vietnam. Hanoi is the financial center of Vietnam, a key player in Southeast Asia and a strategic gateway for many Korean companies expanding into the region. The overseas field trip, which took place from June 29 to July 3, spanned five days and four nights, with 35 F-MBA students and Professor Bumjean Sohn participating.      During the trip, the F-MBA students visited several significant sites, including the War Remnants Museum, Shinhan Bank’s Vietnam headquarters, the Ho Chi Minh Stock Exchange, and the COBI Group. COBI Group, a major Vietnamese distribution company, has been making aggressive investments in Vietnam, including the opening of “COBI HOME,” a massive shopping mall in Ho Chi Minh City that distributes interior materials and furniture. Additionally, the Ho Chi Minh Stock Exchange has been closely collaborating with the Korean financial sector, having activated the Korea Exchange (KRX) trading system in May, 12 years after signing an information technology service agreement with KRX.   

Precious Memories for Future Little Tigers…The 17th Youth Mentoring Day    On July 27th, Korea University Business School (Dean=Sangyong Kim) held the 17th Youth Mentoring Day at the LG-POSCO Business Hall and the Hyundai Motor Hall. This mentoring day, targeted at high school students nationwide, was organized independently by the student ambassadors of the Business School, known as KUBE, with the participation of KUBS students as mentors. The event included △Introduction to Korea University Business School, △Overview of the 7 majors and 3 tracks within the Business program, △Special Lecture on Business studies by Professor Jungbin Moon, △Campus Tour, △Hands-on Business Practice Sessions, and △Talk with senior students.      The introduction to the Korea University Business School began with a tour of its main buildings (the KUBS Main Building, LG-POSCO Business Hall, and Hyundai Motor Hall). KUBE emphasized that it is significant for a single college to use three dedicated buildings, noting that the LG-POSCO Business Hall and Hyundai Motor Hall were constructed entirely through alumni donations, adding to their meaningful legacy.  Additionally, the participants were introduced to the "Dream Scholarship," a scholarship program unique to KUBS. This scholarship, which provides living expense support, is one of the proudest features of KUBS. The students also learned about opportunities for exchange programs facilitated by the international team within KUBS. The event also highlighted various aspects ofstudent life at Korea University, including the annual Ko-Yon Games, which all Korea University students can enjoy.       Following this, an explanation of the 7 majors and 3 tracks within the Business School was provided. For undergraduate students, the Business School offers seven major options: Business Management, Global Business, Marketing, Finance, Accounting, Information Systems (IS), and Logistics Service & Operations Management (LSOM). After the introduction of the Business School major, and tracks, a quiz was held for the participants, with Korea University souvenir awarded to those who answered correctly.      Next, Professor Jungbin Moon delivered a special lecture on business studies. The topic was "East Asia and Global Business in the Context of 21st Century Global Order." Professor Moon explained the geopolitical dynamics in East Asia and, through various case studies, discussed the core values that South Korea should pursue. In summary, Professor Moon’s lecture emphasized the following:  South Korea is a leading advanced nation, and the country's strength derives from its globally influential companies. Moreover, South Korea's national power is currently at a historic peak. While the United States is South Korea's most important ally and trading partner, China remains one of the country's largest trading partners. The era of U.S. dominance is over, and the U.S.-China competition will be the most significant global conflict structure for at least the next 30 years. Although China is advancing rapidly in this power struggle, the outcome of this rivalry is uncertain due to China's inherent limitations.  In essence, South Korea's semiconductor industry, which is central to the reorganization of global supply chains amid the U.S.-China competition, should focus on maintaining resilience. This requires South Korea to approach the conflict with a flexible, pragmatic stance, aligning its core values to diversify global supply chains and strengthen the resilience of its businesses and economy.        In the afternoon, activities included a campus tour, business practice sessions, and mentoring. The campus tour allowed participants to explore the Business School buildings— the Business School Main Building, LG-POSCO Business Hall, and Hyundai Motor  Hall—as well as some parts of the Korea University campus, including the Main Hall and the Central Plaza. The business practice session involved students directly applying the strategies discussed in Professor Moon's lecture to develop their own business strategies.        The event concluded with a mentoring session and a closing ceremony. During the mentoring session, participants asked questions about tips for admission to Korea University Business School, including advice on managing academic records. The mentors offered practical advice on internal assessments and the College Scholastic Ability Test (CSAT) and provided encouragement to the students from their own experiences. KUBE expressed their hopes that the participants would one day join Korea University Business School and become "little tigers."      The 18th Youth Mentoring Day at Korea University Business School is scheduled for the upcoming winter break. Interested participants can apply through the KUBE website (biz.korea.ac.kr/kube). 

KUBS Faculty News for June to July 2024    1. Professor Woochan Kim  On June 19th, the Asian Institute of Corporate Governance of Korea University (Executive Director=Woochan Kim) and the Korea Capital Market Institute jointly held a policy seminar on “Recent Trends in Executive Compensation and Improvement Measures for Regulatory Systems” at the Yeouido Financial Investment Center. The policy seminar consisted of presentations and discussions, moderated by Professor Joonghyuk Kim, with participation from business school professors, including Professor Hyun Seung Na as a panelist.    2. Professor Chris Changwha Chung  From July 2 to July 6, at the Academy of International Business (AIB) annual conference held in Seoul, the research paper by Professor Chris Changwha Chung and the research team led by PhD candidate Nam Kim was honored as a finalist for the Best Paper Award in Emerging Economies Research. The paper by Professor Chung and the research team is titled “Navigating De-globalization in China: The ‘Double-Loop Springboard’ in Inward and Outward Internationalization and Technology Alliance for Innovation. 

KUBS Faculty awarded 2023-2 Seoktap Lecture · Research Award    4 Korea University Business School (Dean=Sangyong Kim) professors won the 2023-2 Seoktap Lecture Award and the winners are △Jae Wook Kim △Hyun Seok Lee △Jin Wook Chang △Chris Changwha Chung (in Korean alphabetical order).     The awarded lectures are △ ‘CHANNEL MANAGEMENT’ by Jae Wook Kim, △ ‘OPERATIONS MANAGEMENT’ (ENG) by Hyun Seok Lee △ ‘BUSINESS NEGOTIATION’ (ENG) by Jin Wook Chang △ ‘INTERNATIOINAL BUSINESS’ by Chris Changwha Chung.       Seoktap Lecture Award has been operating as part of the ‘Lecture Evaluation Incentive System’ since the first semester of 2004 to improve the quality of lectures and improve the educational environment. At the end of each semester, the winners will be selected with the average score of the Course Survey taken by the students who were enrolled in the course. Major classes are awarded to full-time faculty in the top 5% of the number of courses opened by each college, liberal arts courses in the top 5% of the total number of courses opened, and English lectures in the top 5% of the number of courses opened by each category.     In addition, 2 KUBS faculty members won the 2023-2 Seoktap Research Award and the winners are △ Ju Hyun Pyun and △ Martin Hemmert.   Seoktap Research Award has been awarded since 2016 to faculty members who contributed to the improvement of the research ability of this school with excellent research results. The Seoktap Research Award comprehensively judges academic papers, academic books, and research expenses announced for one year, and follows four criteria: faculty within the top 3% of each category, faculty who are main authors of renowned academic research papers, faculty with excellent international research cooperation papers, and faculty with excellent research expenses.   

Education for Better Startups: 2024 Summer Startup Practical Training Program, Startup Essential    Korea University Business School (Dean=Sangyong Kim) has launched the 2024 Summer Startup Practical Training Program, Startup Essential, organized by the Startup Institute (Director=Jungbin Moon). Startup Essential aims to enhance the capabilities of startups in handling various challenges related to finance, human resources, labor, legal issues, and marketing. It targets resident companies within the Startup Institute, such as those in the Iljin Startup Support Center, the Crimson Startup Support Group, and the Anam Campus Town, as well as companies involved in startup-related departments at Korea University. Additionally, team leaders from the 10 newly qualified teams from the 2024 Startup Express Summer Season are required to take this course.      The orientation for the new resident companies which marks the start of the program, was held on July 2nd. This 17th class includes team leaders and members from 10 teams, along with key figures from the Startup Institute, such as Director Jungbin Moon, Iljin Startup Support Center Director Youngkyung Kim, and Seung Myung-ho Education Center Director Jinkyu Park. The teams joining this 17th class are: ▶Daebong ▶Woori ▶Neuruiing ▶Homebrew ▶I-APPLY  ▶ATLO ▶Genti ▶Feedbacker ▶Flick ▶Filter Match.      The event began with brief introductions of the 17th class teams that joined through the 2024Startup Express Summer Season, followed by Director Jungbin Moon’s introduction of the Startup Institute. Jungbin Moon explained, “The Startup Institute was established in 2016 with the support of alumni Myungho Seung who is the chairman of the Dongwha Group, and the late Iljin Group chairman Sangil Lee. It consists of the Iljin Startup Support Center, which acts as an incubator, and the Seung Myung-ho Center for Entrepreneurship Education, which provides educational resources.”    Following this, there was an explanation of the events and education provided by the Startup Institute. Director Jungbin Moon stated, “The programs of the Startup Institute include Entrepreneurship Academy, Startup Express, Startup Essential, and Choo-Choo Day. These programs feature CEO and expert lectures, the discovery of excellent startups, practical startup educationand demo days, all well-structured to support entrepreneurs.”      Next, Youngkyung Kim, Director of the Iljin Startup Support Center, provided guidance on mentoring for resident companies and introduced the new resident education program, Startup Essential. Director Kim explained, “Startup Essential covers everything from the theory to the practical aspects of starting a business. It offers hands-on education for aspiring entrepreneurs, including weekly basic theory lectures and one-on-one mentoring sessions on law/IP/product development.”    Additionally, Startup Essential, which runs until July 30th, features lectures by patent attorneys from patent law firms, tax accountants from tax firms, and lawyers from the crowdfunding company Wadiz. These experts will provide insights on how to address common startup issues related to patents, human resources, taxation, and legal matters.