Korea University Business School (Dean=Jae Wook Kim) 2020-1 KUBS Outbound Exchange Students Information Session was held on December 20 (Fri) at 5:00 pm in HM B307. The contents were △Preparations before departure △Precautions before return △Individual preparation items △Application for credit acknowledgement △Q&A session. Before departure, exchange students must report their departure through submitting a departure notification form, a letter of commitment, a parental consent form, on the outbound-exchange students information session date and submit a copy of the student's insurance certificate. In addition, the student will officially be recognized as an exchange student only when the tuition fee is paid in full during the semester's tuition payment period, and it is their duty to confirm their exchange student status at KUPID (Portal). After arrival, students must report their arrival to the KUBS International Office exchange program coordinator via e-mail with their residence address, residence telephone number, contact information, and ‘Notice of Arrival Form’. In particular, the ‘Note of Arrival Form’ is recommended to be carried out within 14 days of arrival. Students must also attend the local orientation and make an entry declaration to the foreign exchange university. Guidance for preparation before and after ‘departure’ was followed by guidance for preparations before and after ‘returning’. Students must visit the relevant department of the foreign exchange university and make a request to send the official report card to the KUBS International Office before leaving. In addition, students must complete the settlement of the dormitory and the account safely. After returning, students must apply for acknowledgement of credits. Immediately after returning, students should visit the International Office, fill out the return notification form and feedback & experience form, and submit 4 types of documents including the application for foreign exchange university credits, original report card, e-mail report paper, and syllabus. Also, insurance subscription is required as individual student preparation. Students must be aware that without insurance coverage for international students for more than four months, admission could be cancelled.

On December 16th, KUBS Executive MBA (E-MBA) held its year-end party in Four Seasons Hotel Seoul Grand Ballroom at 6:30 pm. For this year’s closing event, as always, important group of people shed light on the KUBS’s night; President of E-MBA Alumni Hee Ok Kang, KUBS Dean Jaewook Kim, KUBS Associate Dean Weonsang Yoo, President of Korea University Alumni Jayeol Koo and other 250 VIPs were present.   Specially directed for this year, there was an event named “Recollection Tour”. In front of the Ballroom, party attendants could enjoy the 2,000 pieces of exhibited images which have been taken during the 2019 E-MBA programs such as Academic Forum, Golf Tournament and Alumni Reunions. At the opening, President Hee Ok Kang addressed a congratulatory remark expressing his deep attachment in the class of 16th and 17th E-MBA graduates: “I have a concrete belief that all the E-MBA graduates will make success on their own goals and wishes, since they are always doing well on their jobs but also showing up amazing achievements every year. Please enjoy tonight’s event, and charge your positive energy as much as you can”. Next, Jayeol Koo, President of Korea University Alumni added a speech mentioning the fact that KUBS E-MBA being ranked as 27th in 2019 FT ranking. “I would like to attribute this good news to the great faculty members and E-MBA participants who have continuously contributing to the KUBS’s brand value”, said the president. The last message was given from the Dean Jaewook Kim. “First, I appreciate Hee Ok Kang for leading the E-MBA group, and second, let me give a big hand to the E-MBA graduates who finished the program with wonderful results. I hope this event to be very interactive, in order to help promoting friendship between each of you. We KUBS will keep working hard on the future developments in E-MBA program management. Following the opening speeches, appreciation plaques were awarded to President Kang and Byung Joo Lee, the KUBS EMBA manager. After that, President Kang made a 5-million won donation to KUBS, and the amount was part of the financial sponsorship given by the E-MBA participants. The first session was ended with the President Kang introducing the new E-MBA management group for 2020. The second session was presented with the series of stage performance under the title of “Encountering Classic and Modern”. Hyui-jin Chun, a pera-pop artist and Oh-My-Girl, a Korean Idol dance team performed classic and modern sounds of music, respectively. At last, the party was successfully ended while everyone enjoying a lottery event which provides numerous gift boxes to the lucky ones. Click to view photos of E-MBA Year-end Party

Lim Joon-yeop (Business 15) and So Young-soo (Business 15) of Korea University Business School won the top prize at the "2019 Future Korea Ideas Contest" organized by the Ministry of Strategy and Finance. The contest was held to raise social interest in future issues and find effective ad creative policy alternatives.The two students applied for the colloquium category and scored excellent results. 1. You have received the top prize for submitting a proposal for the ‘Policy Plan to Help Build Future Commercial Zone through Shared Stores’. Please explain the plan in detail. ‘Policy Plan to Help Build Future Commercial Zone through Shared Stores’ suggests utilizing the form of shared stores to reduce the closing rate of self-employed businesses, which is currently increasing in Korea due to high burden of rental fees. Although self-employed people account for much higher portion of Korea's job market than other advanced countries, the current situation of self-employed businesses shows poor figures in various ways. We focused on the burden of rent, among all the other burdens, and we wanted to solve it by utilizing the concept of ‘shared economy’. We applied this concept to store operations based on the fact that shared economy can enhance efficiency for the future society and presented three support policies: ① support for shared interior costs, ② support for store sharing consulting, and ③ support for store switching risks. With more than two operators under one roof, it is expected that shared stores will bring various positive effects such as increased efficiency in utilizing space and easing the burden on self-employed businesses. 2. Please tell us how you feel about winning the best prize. We met through Professor Nam, Dae Il’s ‘Venture Management’ class. Through the course of one semester, we developed business ideas. Thanks to Professor Nam’s recommendation, we participated in the Campus CEO Start-up Competition and actually won the second prize, and we are now preparing to start a new business. I participated in the contest to propose policies that could solve government-level issues related to shared stores. I think the biggest help for winning the best prize came from creating ideas through utilizing the possible improvements for institutional and administrative barriers we had organized based on the feedbacks we received during the class and competition. Professor Nam and many other professors gave feedback on business items, which led to efforts to improve policies for the business.  

Six teams have been selected as tenant teams of the KUBS Startup Institute (Head: Kim Hicheon). The 2019 Startup Express Winter Season, which was held on the second floor of the KUBS Main Building on December 6, was filled with the enthusiasm and ideas of prospective entrepreneurs. The 2019 Startup Express Winter Season – hosted by the Startup Institute, organized by Seung Myung-Ho Center for Entrepreneurship Education and sponsored by the KUBS Research Center and SK SUPEX Social Value Committee Council – is a competition which proposes creative business items based on entrepreneurship and innovation. △ Lee Seung-pyo (Director of Iljin Group) △ Kim Hyun-gon (Senior Manager of Iljin Group) △ Choi Ji-young (Team Leader of the SK SUPEX Social Value Committe △ Kim Moo-jong (CEO of Bizgaon) △ Shin Myung-chul (Partner in KingsBay Capital) △ Kim Hicheon (Head of Startup Institute) △ Yoo Shijin (Head of Seung Myung-Ho Center) △ Jungbin Moon (Head of Iljin Center for Startup Incubation) and △ Jung Jaeho (Professor of Startup Institute) participated as judges.   First, there was an opening speech by Dean Kim Jae Wook. "All 10 teams that have been selected as presenters today have a great potential," he said. "Even if you don't win, you will get another chance, so I hope you don't feel too sad about the result." He also encouraged the teams to "make efforts with the desire to pursue novelty all the time." The opening speech by Yoo Shijin then followed. “The Startup Express is an event to select tenant teams which will move into the Startup Institute,” he said. He then named a few honorable graduates who have gone through the Startup Express, such as Taling, Linder and Stipop, and added, "I hope you grow into successful startups as well." A total of 10 teams, selected through the pre-examination process, participated in the 2019 Startup Express Winter Season event. Some services introduced by the participating teams include: an entertainment platform of celebrities with short videos (Mabsosa), an online platform that sells beauty products to the Mexican market (Abraca), a customizable diary design and production service (Ailo), a sports activity O2O platform (Woondongjang), and so on.   The 2019 Start-up Express Winter Season was held with a five-minute presentation of ideas and a five-minute question and answer session, and the judges evaluated each business model based on its marketability, innovation, business feasibility, and performance capabilities. A total of six teams have been selected, including the Popple, Amp, Woondongjang, Ailo, XstarC and Gochin. "Kudos to all the teams that have participated in the event," Yoo said in his closing speech. "Those who didn't win the award, we'll try to support you as well, so please continue with the project." The six teams that won the awards in the 2019 Startup Express Winter Season will have a chance to move into the Startup Institute. Operating expenses will be provided, and continuous advice and sponsorship will be given from the mentors from successful startups, industrial experts and venture capitalists. The selected teams can also share their experiences with existing tenant teams.    

The 2019 Lecture Series hosted by KUBS (Dean: Kim Jae Wook) and Startup Institute (Head: Kim Hicheon) was held at Hyundai Motor Hall on December 10. Do Hyun-Myung, CEO of Impact Square, was the speaker under the theme of "DIG DEEPER! Find New Opportunities in Social Issues." CEO Do Hyun-Myung first explained why he started his business, Impact Square. "I worked for a long time in the game planning team of Naver, but I came to think that my work was unsustainable in the future," Do said. "I learned about the concept of ‘social enterprise’ after reading the book ‘80 Alternative Entrepreneurs Who Changed The World.” CEO Do stressed the competitive importance of "social values," explaining why companies should be interested in social issues. "In order to pursue social values, we had to sacrifice economic value, but I believe that Impact Square can be designed so that social value can be competitive as a form of business," Do said. "This concept is called Impact Business, and Impact Square plays a role as an accelerator for these impact businesses." CEO Do then continued to introduce the cases of Poiene, Opa Tech, Element and Hotel Cappuccino, which were all accelerated by Impact Square. "Just having good social values does not appeal anything," CEO Do said. "Only when it leads to a new kind of customer experience can we secure customers with royalties and create value." "I think social values are non-reversible trend," Do said. "If you find value in something deeper, you will have a chance to grow higher." After the lecture, a question and answer session followed. One student asked about the difference between startups and social ventures. "Although we start our own businesses to satisfy the desires of the market, most social problems arise because they are not traded in the first place," CEO Do said. "Creating social values is creating new values that were not originally traded in the market.” Every semester, Startup Institute provides startup education through "Lecture on Demand," a working-level lecture series, and "Lecture Series," a special lecture series on startups and ventures. Classes are open courses, which means they are open to not only the employees of a tenant company, but also anyone interested in starting a business. For related inquiries, you can contact the Startup Institute (02-3290-1699).    

The 39th Night of KUBS, hosted by Korea University Business School Alumni Association (Chairman: Chung Mong-won, Admitted '74), was held at 18:20 at the Grand Intercontinental Hotel Seoul Parnas Grand Ballroom on December 5. Chung Mong-won, Chairman of the KUBS Alumni Association, Chung Jin-taek, President of Korea University, Chang Ki-joo, Senior Chairman of Korea University Alumni Association, Kim Jae-wook, Dean of KUBS, honorary professors of KUBS, incumbent professors and 600 alumni attended the event. "I feel more proud and rewarding than when I was working as the Chairman of the Business School Alumni Association," Chung Mong-won, Chairman of the Korea University's Alumni Association, said in a statement. "I want to thank all those who work hard on the management of the society and hope that the coming year will be a year for both KUBS and the society to develop further." Chang Ki-ju, the senior vice chairman of the Alumni Association, then read the congratulatory speech on behalf of Koo Ja-yeol, Chairman of the Alumni Association. "Thanks to the dedicated research and cooperation of professors of KUBS, KUBS is developing into a global school to match the status of the history of Korea University," Jang said. "I sincerely congratulate you on hosting the 39th evening on behalf of 330,000 classmates of Korea University." Next came Chung Jin-taek, President of Korea University. "I sincerely congratulate you on this position that looks back on the year and strengthens our friendship," Chung said. "I believe that KUBS can move beyond the best in Korea and on the world stage because our fellow alumni and students who practice freedom, justice and truth are shining their alma mater." "Our university will train creative convergence-type talent to lead the future and strive to build a smart campus," he added, stressing the vision to be achieved with members of Korea University. It then shared the current status of KUBS Dean Kim Jae-wook and the vision and strategy of KUBS to introduce major news. Kim said, "I ask for the support of many alumni so that my alma mater can perform on the international stage," and conducted a bachelor’s report on KUBS in 2019. He also introduced CEMS ANNUAL EVENT, which will be held for the first time in Asia in 2020, and asked for continued attention and support from its classmates. A thank-you note was delivered to the 93rd class alumni association that hosted the previous year's event. In a subsequent scholarship fund delivery ceremony, the 94th class alumni association, which is the host of this year's evening events, delivered 95.2 million won in scholarships to its alma mater. The scholarship funds raised will be used as scholarships for students in the country. The merit award was given to 36 alumni who spared no effort and support to revitalize alumni association in 2019. The "Business School 909" group, which consists of the representatives of each class admitted in the 90s, gave a special award. There was also a ceremony to award "Alumni of the Year" to a Business School Alumni who has been active in various parts of the society for the past year in 2019. The winners of this year’s award were Lee Sun-yong (Admitted '80), CEO of Bear Trek Park, Park Jung-ho (Admitted '82), CEO of SK Telecom and CEO of SK Broadband, and Kim Jong-yang (Admitted '81), president of the International Criminal Police Organization (Interpol). After all the awards ceremony, the classmates had time to enjoy the performance and dinner. The support of the Korea University cheerleading squad along with the lead by announcer Kim Hyun-wook (Admitted '92), a classmate of Korea University, added to the excitement of the event. The performance of Shinho-seop (Admitted '85) and Crimson 86, a band of 86 classmates, has also been staged to decorate the night of KUBS. Meanwhile, the KUBS night event, which began in 1982, is held on the first Thursday of December every December. It is the 39th anniversary of the establishment of a plan to promote friendship and harmony among alumni who have affection for KUBS.