KUBS wins the “2022 CEMS Business Project of the Year Award” Selected among 34 CEMS member schools, the first non-European school to receive the award   The Global MIM program (hereinafter referred to as G-MIM), co-hosted by KUBS (Dean = Sangyong KIM) and CEMS MIM, won the “2022 CEMS Business Project of the Year (hereinafter referred to as the Business Project of the Year Award).”     The “Business Project of the Year Award” is part of the core program of CEMS MIM, "Business Project," and selects and awards the best projects among 34 CEMS member schools every year. Among more than 200 projects, the G-MIM program at Korea University was selected as the winner of the award this year. This award is very meaningful in that it is the first award among non-European member schools in CEMS history. The award was given at the CEMS Graduation Ceremony held in Cairo, Egypt on December 2nd (Fri), and Wonsang Yu, KUBS professor, and Laura Kassandra Kammin, a student representative, took the podium.        CEMS Global Alliance in Management Education (CEMS), which refers to the world's prestigious business school association, can only qualify as a member school when the school is the best business school in the country, and only Korea University Business School holds the qualification. Korea University acquired full membership in 2015, and CEMS members include △ Cornell University of the U.S. △ The London School of Economics and Political Science of the UK △ HEC Paris of France △ Ivey Business School of Canada △ Keio University of Japan △ Tsinghua University School of Economics and Management of China.   KUBS is the only regular member in Korea of the CEMS Global Alliance, the world's prestigious business school association, and is currently operating the Global MIM (Master in Management) program. The G-MIM course allows students to obtain multiple CEMS MIM (Master in International Management) certificates along with a master's degree in management at Korea University. After completing one semester of Korea University's Global MIM (Master in Management) course, students must complete one semester at one of the CEMS member schools in agreement with KU. The course also requires 8 weeks of overseas internships and 3-language certification, which is practical to foster international sensibilities of students and build their global career.   The theme of this year's award-winning business project is "Marketing Strategy for Nature Co-Design Creativity Education Program for EU Secondary Schools." A team of 5 students from 4 CEMS universities carried out the project in Korea University G-MIM's "Global Business Project" class, and completed the project in cooperation with its partner, YOZMA, under the guidance of KUBS professor Wonsang Yoo. In this class, a total of six teams have carried out corporate projects such as with Hyundai Motor, LG Chem, AmorePacific, Cartier, and Qualcomm.   G-MIM's unique "Global Business Project" class is a project that solves actual business problems with CEMS partners or social partners and is a mandatory course. Each project team typically consists of 3 to 5 CEMS students, and the project is under the supervision of corporates and advisors. Among the projects made in this class, outstanding projects are submitted to CEMS, and the team that wins the Business Project of the Year Award is finally selected through strict screening by the CEMS Committee.   Dean Sangyong Kim said, "Winning the Business Project of the Year Award is a very high achievement of KUBS as we are competing with the world's best business schools," and also said, “We would like to express our gratitude to the students who have worked so hard on the project, and we will give full support to students to ensure good results in next year too.”   Related News 35주년 맞은 세계 명문 비즈니스 스쿨 연합 'CEMS'… 여전히 성장 중 - 매일일보 (m-i.kr) 국내 유일 CEMS 정회원 선정… 글로벌 기업서 인턴십 기회｜동아일보 (donga.com)

KUBS Professor Woochan Kim awarded ‘50 Excellent Academic/Research Support Project’     KUBS Professor Woochan Kim was awarded the ’50 Excellent Academic/Research Support Project’ by the Ministry of Education.   The awards are given to 50 excellent research projects among 12.000 projects provided with government funds last year. The winning projects get additional points in the national research project selection process. The awards were promoted to inspire passion for research and motivate continuous research development by selecting excellent achievements.   The project from Prof. Kim was on ‘The effect of enterprise grouping on the enterprise investment efficiency in the industry other than group’. He empirically proved two things using domestic enterprise data. First, the enhancement of the inner capital market to lend funds between enterprises in the group would decrease investment efficiency by making it difficult to raise external capital from enterprises outside the group. Secondly, the enhancement of protecting investors like minority shareholders would alleviate those negative effects above. The project also highlighted enterprises outside the group, not only enterprises inside the group when studying the effects of group’s inner capital market. Also, the project was reviewed that it provided another important reason to the authorities why enhancement on protecting investors is essential.    Meanwhile, 7 projects from Korea University were selected in fields of Humanities and Society (Humanities), Humanities and Society (Social Science), and Science and Engineering (ICT·Convergence Research) marking overwhelmingly the most among the universities in Korea. Research ecosystem that motivates convergence research in various fields also remains in the background on why excellent projects from Korea University were selected as the top 0.4% of the total. Also, the environment that enables creative research along with an atmosphere that encourages and supports excellent researchers played a crucial role.

 is changing to become closer to subscribers! The , the oldest newspaper in Korea in the field of management and economy, was founded on December 15th in 1960 under the slogan of "Compass of Corporate Management and Guide to Corporate Prosperity" and has been making efforts to deliver high-quality content to subscribers ever since. Reflecting the recent trend of the digital era, will be converted it into a mobile webzine that can be enjoyed regardless of time and space.   1. How will the change in the future? From the 700th scheduled to be published in March 2023, it will be converted to webzine and we will inform you the news through Kakao Talk and e-mail. As mobile subscriptions are easy, we would like to change the issuance cycle to every other month to inform you of the news of KUBS more quickly and efficiently. In addition, we will show you various and vivid video news that could not be included in the printed version of .   2.How can I view the webzine?   Webzine will be published in the first week of every odd month, and we will send you a link that can be accessed on both PC and mobile via Kakao Talk and email. You can also check it on the KUBS website (biz.korea.ac.kr/news/biznews).    3. Will there be printed version of ? With this 699th  being the last, the publication of printed materials will not be available. As is operated mainly by webzine, please subscribe through PC or mobile.   4. How is online subscription possible? Please add the 'Korea University Business College' channel on Kakao Talk and complete the online subscription application through the welcome message you receive! We are once again accepting subscriptions to collect new email addresses and mobile phone number addresses. If you want to subscribe, please apply.  For subscribers who have difficulties, please contact the KUBS News(02-3290-1688) and we will guide you.

'MBA Lounge' Opened for MBA students   The opening ceremony of ‘MBA Lounge’, a rest area for MBA students and its alumni, was held on October 31st. 『MBA 30-30 Alma School Development Committee』 along with previous KUBS Dean Johngseok Bae and the previous faculty attended the ceremony.     ‘MBA Lounge’ built in Hyundai Motor Hall Room 413, would be opened as a rest area for MBA students and its alumni. The lounge, around 69 square meters wide, is well-prepared with a table, sink, and kitchen utensils. The lounge is accessible to all MBA students and alumni with the approval of the student council of each MBA course. Especially there are two artworks exhibited in the lounge: 『Variable Consciousness』 by Hur Hwang, well known as ‘white artist’ and 『Fliessend』 by German famous artist Günther Uecker. These artworks were donated by MBA Alumnus Eunsuk Kim (78th K-MBA Class) on last October, celebrating the completion of ‘MBA Lounge’.   The ‘MBA Lounge’ was built thanks to donations from 『MBA 30-30 Alma School Development Committee』. A signboard with the names of 28 donators had been set up inside the lounge, after about 3 months of interior construction. Guests who attended the ceremony had a signboard unveiling event holding scissors together. There had been applause when the shade fell off and the names of donators were unveiled.     Yongkeun Yoo, previous KUBS Associate Dean, who hosted the ceremony said “Thanks to 『MBA 30-30 Alma School Development Committee』 members and staff who helped successful completion on opening”. Furthermore, previous KUBS Dean Bae said “KUBS will not settle on present achievements as ‘MBA Lounge’ opening, but will step forward towards bigger goals” and “We will provide more support to mark the 60th anniversary of MBA more meaningful next year”.

"Enjoy this occasion freely!"... 2022 Fall CHOO CHOO Day, the final blossom of Student Start-ups, ends in great success      The 2022 Fall CHOO CHOO DAY, hosted by Korea University Business School (Dean = Sangyong Kim) and organized by KUBS Startup Station (Director = Hojung Shin) and Korea University LINC 3.0 Project Group (Director = Kwanyoung Lee), was held on November 11th (Fri) at Dongdaemun Design Plaza (DDP) Conference Hall.     "Choo Choo Day" is a Demo Day in which young entrepreneurs fostered through KUBS Startup Station's startup incubation program disclose their visions and services to the market. This event means that the residents of Startup Station will take a strong leap forward by borrowing the term "Choo Choo," the sound of a train starting, and is held twice a year in spring and autumn. In the 12th Fall Choo Choo Day, 6 teams △ Haechuri △ Novella Studio △ Pharmakon Health △ Ourtube △ Gardner’s Club △ Dongjoo participated.   The event began with the opening speech of Dongseop Lee, Director of Seung Myung-ho Entrepreneurship Education of KUBS Startup Station, and the welcoming speech of Sangyong Kim, Dean of KUBS. Director Dongseop Lee said, "I would like to thank everyone for helping to host this event," adding, "Please support the six startups that have started taking a leap forward." Dean Sangyong Kim said, "We ask for attention from talented people who will strive for the common good of our society and provide new solutions. Korea University will continue to open a window of opportunity for young entrepreneurs."   Prior to the presentation, the open microphone of Judge Inyeop Park from Fast Ventures, who is a graduate of the 4th class of Startup Station Iljin Startup Support Center, was held. Judge Inyeop Park said, "Starting a business is a process of repeatedly worrying with people who believe in you in the open sea without an answer," adding, "I know that you all put in a lot of hard work and effort." He then delivered a message of encouragement, saying, "I hope the representatives of each team will enjoy this occasion called 'Demo Day' freely." In addition to the Inyeop Park, the panel included Professor Jaeho Jung of Startup Station, Professor Jinkyu Park, Heeyoon Lee, Managing Director of SparkLab, Jinyoung Park, Senior Manager of Murex Partners, and Seunghyun Kim, General Manager of Shinhan Venture Investment. The event was held with five-minute presentations and ten-minute Q&A sessions for each team.      The first presentation was made by Dogeun Kwon, CEO of the data-based agricultural product analysis and distribution startup < Haechuri >. < Haechuri > is a service that collects and analyzes data on agricultural products to predict prices, manage risks, and connect demand and supply sources. CEO Dogeun Kwon said, "Despite the large scale of Korea's agricultural market, we are still sticking to the traditional distribution method," adding, "We will bring innovation to the agricultural product distribution market."   The second presentation was made by Joonhyuk Bang, CEO of , an all-in-one writing tool for web novel writers. provides a platform that can easily write manuscripts, exchange feedback, and store and manage existing materials. CEO Joonhyuk Bang said, "We are still at an early stage, but there were writers who became fans of our service," adding, "We will focus more on product development and try various business models in the future."   Joobin Park, CEO of " Pharmakon Health," which provides a non-face-to-face Counseling follow-up solution, called ‘Prooof’, continued the presentation. Through "Prooof," counseling experts can find and manage more clients steadily, and clients can keep the sessions and advice they have shared while conducting video couseling. CEO Joobin Park said, "We are focusing on the 'aftercare' service after counseling with the agenda of recovering our daily lives," adding, "We will expand into a psychological counseling platform in the future."   The fourth presentation was given by Joonyoung Choi, CEO of the creator fractional share platform . Users can purchase advertising revenue claims by investing in YouTube channels through Ourtube, and creators can secure funds to expand their channels. CEO Joonyoung Choi said, "Creators and users will create content together through investment, and more contents will be created actively."   The fifth presentation was made by Wonjae Seo, CEO of the gardening community and schedule management service . Gardner’s Club provides various services such as a scheduler that reflects real-time weather conditions and manages gardening schedules, a plant dictionary, and a gardening community. CEO Wonjae Seo expressed his ambition to fully convey the value of gardening he experienced himself to the users.   The final presentation was made by Kwangsik Yoon, CEO of , which provides the webtoon free serial platform "SPINNOFF." SPINNOFF provides webtoon artists with a place to showcase their works and recommends webtoons to users according to their taste. CEO Kwangsik Yoon said, "We are showing a significant retention rate according to the recommendation algorithm," adding, "We will become YouTube of the webtoon industry by upgrading our algorithm."     After the presentation of six teams, the closing address of Startup Station Director Hojung Shin continued. Director Hojung Shin said, "Choo Choo Day is a very important event for student start-ups," adding, "We will continue to work hard to overcome prejudice against startups." He thanked the participants and added, "I hope to see you again on more ingenious topics next time." The event ended with a commemorative photo shoot. Meanwhile, the 2022 Fall CHOO CHOO Day event was held as a part of “COMEUP 2022,” the global startup festival. 

KU Professor Woochan Kim received the Grand Award for the academic section at the 1st Korean Corporate Governance Award Ceremony   Korea University (Dean= Jintaek Chung) Professor Woochan Kim (Business School) received the grand award for the academic section at the 1st Korean Corporate Governance Award ceremony on November 21st, 2022.      Marking its first award this year, Korean Corporate Governance Grand Award is given to individuals or groups that contributed significantly to capital market development and corporate governance improvement, by Korean Corporate Governance Award Ceremony (KCGF) and KCGI(Korea Corporate Governance Improvement Fund). A total of 10 people would be awarded: 1 Grand Award, and 1 Innovator Award each from 5 sections including Politics·Legislation, Media, Academics, Corporate, and Capital Market.   Professor Woochan Kim showed positive verification of the economic effects of corporate governance innovation, using data from Korean corporates over the past 20 years. He received the grand award for his contribution to proving the appropriateness of innovation in an academic way.