UK Financial Times Announces World's Top 100 E-MBA Rankings for 2019... KUBS ahead of Columbia University (36th) and Cornell University (46th) KUBS (Dean: Jae Wook Kim) E-MBA was ranked 27th in the Executive MBA Ranking 2019 by the UK Financial Times. According to the FT, KUBS E-MBA was ranked 27th this year, after being 38th last year, marking the first in the national level for the ninth consecutive year. For the last three years, KUBS E-MBA was ranked 28th on average (20th in 2017, 38th in 2018 and 27th in 2019), proving that its curriculum which is focused on practice in different industries was top-notch. Its rank is higher than those of world's most prestigious business schools, including Columbia Business School (36th), UCLA: Anderson (42nd), and Cornell University: Johnson (46th). This year, HEC Paris was ranked first, followed by Kellogg/HKUST Business School. Among Korean universities, Yonsei University was ranked 34th. The FT rankings are based on various evaluation categories such as salary increase rate, promotion rate, faculty with doctorates, and internationalization index; it announces the rankings of the world's top 100 E-MBA programs every year. For this year's evaluation, KUBS E-MBA received high marks in such categories as salary increase rate, aims achieved and faculty with doctorates. KUBS E-MBA stands out clearly, because it was ranked in the top place while being a program run by a single university only. Many E-MBA programs at top-ranked Asian universities operate joint degree programs, and KUBS E-MBA remains competitive nonetheless.     [베리타스알파] FT 세계 EMBA 고려대 '국내 1위'.. 순위 11계단 상승 '27위'

On November 11 and 12, a research team from The Association to Advance Collegiate School of Business (AACSB) visited KUBS; Dr. John Kraft (Dean, University of Florida), Dr. Antonio Travaglione (Dean, University of Newcastle) and Dr. Greg Whittraded (Former Dean, The University of Auckland) visited KUBS. From KUBS, Professor Jae Wook Kim (Dean), Joong Hyuk Kim (Associate Dean for Faculty and Academic Affairs), Weon Sang Yoo (Associate Dean for MBA Programs), Chang-Wha Chung (Associate Dean for Planning and Budget) and Baeho Kim (Associate Dean for Research) were present for the event. KUBS, which was certified by the AACSB in 2005 for the first time in Korea for all programs including both undergraduate and graduate-level education, has since obtained accreditation for three times in a row in 2010 and 2015. The research team has evaluated various areas of KUBS, including faculty, curriculum, research and student support. It also conducted interviews with the President of Korea University, teachers, employees and students. The result of the accreditation will be announced early next year. AACSB is a non-profit organization founded in 1916 by the presidents of major US universities. It establishes the standards that many business schools should follow, and gives an international accreditation after a rigorous screening. As of 2019, 856 business schools in 56 countries have AACSB accreditations, including Harvard, Stanford and Columbia.   The due diligence for another international accreditation held by KUBS – EQUIS (EFMD Quality Implementation System) accreditation – will be carried out next year.        

The 2019 Social Value Research Competition awards ceremony was held at the LG-POSCO Building at Korea University on November 12(Tue). The 2019 Social Value Research Competition was hosted by Korea University Business School and sponsored by the SK SUPEX Promotion Council. About 40 people attended the ceremony, including Jae Wook Kim, Dean of KUBS, Johngseok Bae, Director of IBRE and Jungbin Moon, a professor at KUBS. "I believe that the undergraduates selected for the Social Value Research Competition are talented people who will become future management leaders and lead social value projects pursued by our society." said Jae Wook Kim, Dean of KUBS. Through a screening process in June, a total of 10 teams (40 undergraduates) were selected and they conducted research on social values in various fields such as management, welfare, health care, housing, IT, residential human rights, mobility, care for the elderly, and shared economy businesses. Four teams won the award at the 2019 Social Value Research Competition, which marked the first time this year. The award had three categories: the KUBS Dean Award(Grand Prize) the SK Social Value Award(Best Excellence Award), and the SK Social Value Award(Excellence Award). The KUBS Dean Awaed was won by Baek Ha-won, Lee Kyung-min, Lee Seo-yeon and Song Hyun-ah, who studied "How to foster the Korean social capital market." The SK Social Value Award(Best Excellence Award) was awarded to the 'Creating Social and Economic Values through the Project to Create Local Society AAC ZONE', while the SK Social Value Award(Excellence Award) was awarded by a team that studied 'How to Set Up a Social Stock Exchange for Social Enterprises' and 'Benchmarking South Korea's Social Economy Ecosystem'.  

The AICG-KCMI Joint Symposium on ‘Governance Issues and Policies of Domestic Companies’ was held at the Hyundai Motor Hall on November 8th. The event was co-hosted by the Asian Institute of Corporate Governance (AICG) and the Korea Capital Market Institute (KCMI). Attending the event were Park Chang-kyun (KCMI), Kim Woochan (KUBS), Kim Woojin (SNU), Na Hyun Seung (KUBS), Park Yoo-kyoung (APG), Ahn Soo-hyun (HUFS), Lee Si-yeon (KIF) and Lee Chang-min (Hanyang Univ).   The event began with an opening speech by Park Kyung Suh, Director of the AICG. "AICG has tried to solve a number of finance and governance-related problems that Korean companies have faced," said Park. "I hope that valuable discussions will continue throughout the joint symposium today."   It was followed by a welcoming speech by Park Young-seok, Head of the KCMI. "Since the financial crisis, there has been a social consensus that the chaebol-oriented economic system is no longer valid," Park said. "It is true that the institutional establishments to enhance corporate value have been pursued ever since. Despite that, we still have a weak corporate governance which brings the so-called Korea Discount phenomenon," he said. "I hope we can take full advantage of our researchers' capabilities at the joint symposium today to have various discussions."   Then the event was followed by a congratulatory speech by Cho Sung-wook, Chairman of the Fair Trade Commission. Since the Chairman herself was absent, Kim Sung-sam, a member of FTC, delivered a congratulatory speech instead. “Today’s meeting is where we discuss a number of recent issues related to corporate governance in Korea,” said Kim, adding that although many improvements have been made, the nation’s corporate governance is still lagging behind. "Improving corporate governance is a must-have task to ensure the rationality of corporate management and prevent problems that hinder fair competition," he said. "Based on today's discussions, FTC will also make continuous efforts to achieve this."   Park Chang-kyun, a senior researcher at KCMI, first gave a presentation under the theme of "Shareholder Activism and Corporate Governance of NPS." Park explained why people oppose NPS’s shareholder activism, including the concerns about “pension socialism” and its effectiveness, and conducted a critical analysis. "There needs to be a mechanism to exclude government intervention," said Park, suggesting that the fund management committee should be reorganized into a professional organization to establish a system that operates in the form of a sub-committee.   Professor Kim Woochan from KUBS then gave a presentation under the theme of "Is It Necessary to Defend Management Rights? Dual Class Shares and Poison Pill." "The threats to management rights can be made by either hostile takeover or proxy fights, but they often end up being rarely used," Professor Kim said. "The reason why there is no threat to management rights is due to following reasons: the ownership structure in Korea, various means of protecting management rights and difficulties in making public purchases or proxy fights. Nevertheless, the reason why people demand measures to defend management rights is to block the rightful exercise of shareholder rights," he said. "Now, lots of companies lack the check-and-balance from outside shareholders," Professor Kim said. "In a situation where the industrial structure is rapidly changing, capitals should be quickly redistributed from the declining industry to the growing industry, before the companies go bankrupt."   Finally, Professor Kim Woojin from SNU gave a presentation under the theme of "Current Status and Remaining Tasks of Private Benefits of Control.” Professor Kim explained the background of private benefits of control, citing some details from the Monopoly Regulation And Fair Trade Act. Professor Kim then explained the limitations of the current system, which are first, the court's different interpretations of "unjustice," and second, different standards for assessing transactions among affiliated companies. "We need to enhance our understanding and awareness of this issue," Professor Kim said. "We need to recognize the prevention of corporate damages as the key factor, and set a discipline in private sector, rather than as a rule of law.”   The last session wrapped up the event with a panel discussion involving six participants and the audience, conducted by Professor Kim Joong Hyuk (KUBS).    

On November 7 (Thu), KUBS had the Fall 2019 Scholarship Award Ceremony at Ahn Young Il Hall, LG-POSCO Building. Scholarship donors, and holders of a total of 120 KUBS students participated in the ceremony. The list of scholarship donors who attended the ceremony was as follows: Seo Kwang-soo of the ChungPyungHwa Fashion Mall Committee; Cho Duk-hee, Vice Chairman of So-Am Scholarship Association; Oh Sung-ho, secretary-general of the KUBS Alumni Association; Director Kim Woo-joong and Section Chief Shim Jae-kook of KCC', Donar Jang Jin-young of the Kim Geun-Chang Scholarship Association; Yang Seung-eun, president of Class of 1975 Alumni Association; secretary-general Kim Jung-kwon and Ahn Hyo-jong of the KMBA Alumni Association; Chou Yi-hyun, director of KPMG Samjong Accounting Corp. Dean Jae Wook Kim commenced the Ceremony by welcoming remark. "The reason why KUBS was able to grow and develop is all thanks to the seniors such as the scholarship donors," said Dean Kim. "I hope you will continue your warm heart so that it can be of great help to students in the future." "I hope that students who receive the scholarship will continue to study hard so that they can return the help to their juniors in the future," he said. Then the ceremony was followed by the awards of scholarships to the holders. A total of 54 types of scholarships were granted to KUBS students this semester, including △KUBS Dream Scholarship (54 holders) △Future Scholarship (29) △Soam Scholarship (12) △Namchon Scholarship (10) △MnJfoundation Scholarship (4) △KPMG Samjong Accounting Corp. Alumni Association Scholarship (2) △AMP 87th Generation Scholarship (8) △Yangyeong Foundation Scholarship (5). Scholarship holder were a total of 174 students inclusive of duplicated grants. The scholarship donors and holders then had a banquet, with a chance to talk to each other. After the banquet, the donors made remarks followed by a holder’s thank-you speech, and time for a group photo. On his remark, Shim Jae-kook, , Section Chief of KCC said, “It was a refreshing time to be in a campus full of young people.” He continued, "I hope you will grow up to be wonderful young people who will donate and support your future juniors." Student representative, Kim Yoon-ha (Business ’15) said, "Thanks to the various opportunity for KUBS scholarship during my college years, I was able to focus on my studies and other activities. I will help those who need help in the future.” The event ended with students and donors singing the school song and taking group photos.  사진 확인하기

KUBS’ (Dean Jaewook Kim) “2019 Fall Campus Tour and Mentoring Day” was held on November 9th (Sat), at Hyundai Motors Hall. Coordinated by KUBS PR department and KUBE (KUBS’ Student Ambassador Group), the event invited more than 100 high school students, who finally passed through a heavy competition to be selected as a participant. In the beginning of every spring and fall semester, KUBS opens a campus tour program to the high school students who have interests in the study of business management. The purpose of this program is to present a live experience to students to elevate their awareness in KUBS education. This fall, the tour went through △Introduction to KUBS △7 Subjects of Business Management △Campus Tour △Mentoring Program △Closing Ceremony. At the opening, Hoibean Cho (KUBS 19), the president of KUBE, left a remark by saying: “We have prepared this event for a long time with our full attention to provide the greatest memory to you all. I hope this meeting today to be a highly supportive motivation for your future application in KUBS”. Tour attendees enjoyed the introduction to KUBS history and showed their great passion in the academic courses that KUBS provide. After the orientation session, high school students walked through the campus outside, following the tour guidance by KUBE. Next, small group mentoring session was followed, that students were able to freely ask their inquiries to KUBS members and get live consulting for their future study plans. KUBS has been reaching out to wider generations by coordinating various mentoring programs. Apart from the spring/fall mentoring day, there is an upcoming “Winter vacation mentoring day for middle/high school students” in this winter. All tours programs are offered for free. ☞Click to check out the tour photos (Website Link)