KUBS Faculty News (October–December 2025) 

1. Professor Min Jung Kim

Professor Min Jung Kim received both the Corporate Strategy Best Paper Prize and the Outstanding Service Award in the Knowledge & Innovation Division at the Strategic Management Society (SMS) Annual Conference 2025, held in October 2025 in San Francisco, USA. 

The research awarded the Best Paper Prize, titled “Strategic Responses to Rival Advancements: R&D Project Decisions and Resource Reallocation,” is a collaborative study with Professor Christine Choi (University of North Carolina at Chapel Hill) and Professor Sohyun Park (Stevens Institute of Technology). The study examines how firms decide which existing R&D projects to exit when new growth opportunities—such as technological advancements by competitors—emerge. In particular, it empirically identifies the impact of portfolio-level knowledge externalities on firms’ exit decisions. 

In addition, Professor Kim was honored with the Outstanding Service Award in the Knowledge & Innovation Division in recognition of her contributions to fostering research exchange and collaboration within the academic community. The award acknowledges her service as a Representative-at-Large for the SMS Knowledge & Innovation Division. 

2. Professor Martin Hemmert 

Professor Martin Hemmert was recognized as a co-author of one of the Top 10 Articles of the Past 25 Years selected by the academic journal Asia Business & Management, in celebration of the 25th anniversary of Palgrave Macmillan. The list was curated by the journal’s editorial team based on criteria including quality, impact, and contextual insight. 

The selected article is as follows: 

Hemmert, M., Cross, A. R., Cheng, Y., Kim, J.-J., Kohlbacher, F., Kotosaka, M., Waldenberger, F., & Zheng, L. J. (2019). The distinctiveness and diversity of entrepreneurial ecosystems in China, Japan, and South Korea: An exploratory analysis. Asian Business & Management, 18, 211–247. 

This recognition is regarded as further affirmation of the scholarly impact and sustained contribution of KUBS faculty research in the field of Asian business and management studies. 

3. Professor Jaehwan Kim 

The KU Bayes Colloquium, a regular seminar series designed to promote research exchange among scholars working on Bayesian inference at Korea University, was held again this semester. The colloquium is organized every semester and has traditionally taken place in the Business Building during the spring semester and in the College of Political Science and Economics Building during the fall semester. The seminar is also open to interested graduate students of Korea University Business School. 

This semester’s theme was “Bayesian Inference for Econometrics and Marketing,” and the event was held as follows: 

Date & Time: December 27 (Saturday), 9:25–12:30 

Venue: Room 508, College of Political Science and Economics Building, Korea University 

Contact: Professor Jaehwan Kim (jbayes@korea.ac.kr), Professor Kyuho Kang (kyuho@korea.ac.kr) 

4. Professor Shijin Yoo 

BGS, a band club composed of faculty members and staff from Korea University Business School, held a year-end performance on Monday, December 23, at 6:00 p.m. at Blueraum Anam. Approximately 60 attendees, including family members, friends, faculty, staff, and current and former graduate students, gathered to share a warm and festive year-end atmosphere. 

Formed in late 2018, BGS is a faculty–staff band that continues to foster connection and exchange among its members through music. This year’s performance was organized into two thematic parts—Part 1: “The Spark & The Vibe” and Part 2: “The Hope & The Festival”—conveying messages of energy and hope as the year drew to a close. 

The performance featured Professors Daeki Kim, Byung Cho Kim, Jongwon Park, Shijin Yoo,  Jongsoo Kim, and Min Jung Kim and along with staff member Minjung Yoon, as performers. The band presented a diverse setlist, including “I Am a Butterfly” (YB), “Drowning” (WOODZ), and “Running Across the Sky” (Huh Gak), engaging closely with the audience throughout the evening.