Korea University Business School hereafter KUBS) have commenced KUBS-KB Small and Medium Enterprise Management Academy (hereafter K-SMA) with the support of Kookmin Bank (hereafter KB Bank), one of the largest commercial banks of South Korea. K-SMA is a program introduced after signing a MOU between KUBS and KB Bank in October 2021. The mutual purpose of the MOU is to promote and strengthen social contribution by nurturing small & medium-sized business in management & innovation as well as practice ESG management.

K-SMA Program is structured to provide lectures with no tuition costs to the executives of small and medium enterprises in order to help them prepare for post corona era. This year’s lecture series, the very first lecture series after the agreement, was run for eight weeks, for the total of sixteen hours into four different modules starting from late October to early December. The lecture series covered essential topics for SME employees such as Value Creation from Organizational Management, Leadership diversity & Inclusion, Three Misunderstandings in Strategies, New Business Strategies & Destructive Innovations, Digital Marketing, Customer-centered Marketing, Financial Decision Making and How to read Financial Statements. This year’s program was volunteered by eight faculty members, Professor Tai Gyu Kim, Professor Jae UK Chun, Professor Eonsoo Kim, Professor Hicheon Kim, Professor Sang Yong Kim, Professor Janghyuk Lee, Professor Joon Ho Hwang and Professor Kwan hee Yoo. They provided the most cutting-edge instructions to the SME employees according to the MOU agreement.

K-SMA program is planned to be carried out once in every year to provide effective education related to business administration for need based SME employees. KUBS and KB will work in cooperation to introduce various such programs in other social sectors as well in the near future.