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KUBS ITS, Wins Smart Fiber Product Idea Competition
KUBS ITS, Wins Smart Fiber Product Idea Competition KUBS undergraduates made a great success by winning ‘The 5th 2020 ICT Smart Fiber Product Idea Competition’. It was held by Korea Fiber Export and Import Committee and Ministry of Trade, Industry and Energy. The winners were from KUBS academic group ITS(Information Technology Society). List of first place winners: Team ‘I SUM U’△Boseung Kim(KUBS16, Team Leader), △Suhyeon Kang(KUBS18), △Woojin Yoon(KUBS18), △Heesoo(Media 18). List of second place winners: Team ‘Doctor Sleep’ △Seyeon Choi(KUBS17, Team Leader), Hyejin Lee(Statistics 16), Dayeon Chung(Spanish 19), Yoonseo Chang(Economics 15). Professor Byungwan Kho, the counsellor of ITS addressed his congratulatory remark, saying “ITS members are continuing great adventures in different kinds of market, by applying cutting-edge digital technologies in real business world. Despite of the difficulties due to the outbreak of COVID-19, their passion and perseverance made a great work. I am very proud of them.” Winner Interview: Team ‘I SUM U’ 1. Please introduce your team’s idea We developed a bicycle saddle named ‘Saddle Here’, and we used several ICT Smart Fibers in its design and optimized to reduce the pain of bike rider. When a person rides a bike for a long time, they usually suffer from the pain at their hip and back or have some other dermatological issues. There are a considerable number of reasons that trigger the pain, but most of the riders do not have an advanced level of knowledge to figure out the main causes of them. Therefore, we tried to provide a complete solution for the most riders. We found out that the main causes of the pain come from the height and angle of the bike saddle, or the temperature and humidity. After that, we put a special sensor that might change the forms of saddle according to the rider’s position, so that riders can automatically fit them into the right position. 2. Could you describe the key strategy to win the competition? At the beginning, we had a hard time discovering a right strategy in this competition because the concept ‘ICT Smart Fiber’ was quite unusual to us. However, we focused in utilizing technology in our daily lives, and we think that was the right strategy for us. 3. How would you describe your current feeling? Despite the difficulties caused by COVID-19, we strived to make a great result and we invested a lot of effort every day. At the bottom line, we think it was possible since we studied together in ITS, where members are passionate in combining great technologies with our lives. I would like to thank our team members and the ITS group at the same time.
[Startup Institute Lecture Series #5] ‘Impact Investment and Advice for Entrepreneurs’ – Sopoong Ven
[Startup Institute Lecture Series #5] ‘Impact Investment and Advice for Entrepreneurs’ – Sopoong Ventures Co., Ltd. CEO Han Sang-yeop The fifth lecture of the Lecture Series, organized by Korea University Business School (Dean=Jae Wook Kim) Startup Institute (Director: Hojung Shin), was held on October 13th (Tue). The Lecture Series is part of the Seung Myung-Ho Center for Entrepreneurship Education, an educational institution within the Startup Institute, and is a lecture by start-up mentors who actively work in the field. The special lecture titled "Impact Investment and Advice for Entrepreneurs" by CEO of Soopoong Ventures Han Sang-yeop, was conducted as a real-time online lecture due to the COVID-19. Sopoong Ventures Co., Ltd., which CEO Han Sang-yeop has been a representative partner since 2016, makes ‘impact investments.’ Impact investments are investments that focus on social values and takes the form of an existing financial investment but considers what kind social value is created by the firm that receives the investment. CEO Han claims that the identity of Sopoong Venture Co., Ltd isan ‘impact accelerator’. This means that it will not only provide financial investments but also provide support for companies that have received investments to grow and "accelerate." CEO Han explained that impact investment does not just mean 'good investment'. Impact investments are located above the spectrum between financial and social values, thus setting the balance between the two values can be different for each investor. Also, paying attention to social values does not mean that the rate of returns is falling. The return of return on impact investment is said to be higher than the market average. Due to the characteristics of millennials and Z generation that put high value on social values, impact investment has been growing rapidly not only globally but also in Korea for the recent 1~2 years. As an investor with start-up experience, CEO Han offered advice for prospective entrepreneurs, such as △define the problems and solutions, △set short-term goals, and understand the competitive environment. He then wrapped up his lecture by introducing investment processes that students need to know as a prospective entrepreneur, and standards for evaluating entrepreneurs from the perspective of an impact investor.
KUBS Student Ambassador KUBE Graduation and Starting Ceremony for the 2020 Fall Semester
KUBS Student Ambassador KUBE Graduation and Starting Ceremony for the 2020 Fall Semester KUBS Student Ambassador KUBE Graduation and Starting Ceremony was held on October 12th (Mon). The graduation and starting ceremony of the Korea University Business School (Dean=Jae Wook Kim) Student Ambassador (KUBE) was held at Hyundai Motor Hall B206 on October 12th (Monday). The event was hosted by the 12th chairman of KUBE 하지민 (Class of 19) and 12th vice-chairman 서종호 (Class of 17). He introduced his goal of planning and hosting various events and also enhancing the internal and external status of KUBS by supporting and covering official events as a KUBS Student Ambassador. As it was a period when it was not easy to proceed with events in the previous way due to the COVID-19, the major activity that KUBE conducted in the first semester of 2020 was to deliver the news of KUBS to teenagers, students, and graduates through campus tour filming and YouTube content production. As part of the plan, they organized "2020 Summer Online Campus Tour and Youth Meeting Day" to meet high school students across the country through an online platform. The second semester of 2020 will also be carried out mostly using an online method, with plans for filming campus tour videos and the "2020 Winter Online Campus Tour and Youth Meeting Day." (From the left) KUBS Associate Dean Joong Hyuk Kim, 11th KUBE 김은수(Class of 19), 이혜영(Class of 17), 김태호(Class of 16), 정혜린(Class of 18), 유다연(Class of 19), 백성현(Class of 19) Next was the graduation ceremony of the 11th KUBE students. △김은수(Class of 19) △김태호(Class of 16) △백성현(Class of 19) △유다연(Class of 19) △이혜영(Class of 17) △정혜린(Class of 18) received the certification of graduation and an additional prize for finishing their activity for 1 year. (From the left) KUBS Associate Dean Joong Hyuk Kim, 12th KUBE 박정욱(Class of 20), 이정현(Class of 19), 서종호(Class of 17), 하지민(Class of 19), 정다은(Class of 20), 김원성(Class of 19) (From the left) KUBS Associate Dean Joong Hyuk Kim, 13th KUBE 최윤정(Class of 20), 이수연(Class of 20), 조영재(Class of 17), 강유민 (Class of 20), 문규리(Class of 19), 지준희(Class of 17) Certificates of scholarship and appointment were given to the 12th KUBE students who will continue their activity for another semester, and newly selected 13th KUBE students. "We are grateful for actively participating in public relations through online activities at a time when there were many restrictions on offline activities due to the COVID-19," said Associate Dean Joong Hyuk Kim who attended the ceremony. The event was concluded by his encouragement: “On behalf of Dean Jae Wook Kim, who was unable to attend because of a lecture, I would like to thank the 11th KUBE students and ask them to take good care of the 12th and 13th KUBE students.” Meanwhile, the main activities of the KUBS Student Ambassador KUBE, which was first launched in 2013 and officially launched in June 2015, include △regular campus tours at KUBS and youth meeting days △KUBS youth mentoring days and △protocol for KUBS events. KUBS highly recognizes the contribution and hard work of KUBE ambassadors and has been providing the KUBE members with the new ‘Scholarship for KUBS Student Ambassador’ since the first semester of 2019.
90th AMP Entrance Ceremony held
90th AMP Entrance Ceremony held The 90th AMP Entrance Ceremony was held on October 5th (Mon) at the Supex Hall of the LG-POSCO Building. The 90th Advanced Management Program (hereinbelow AMP) of KUBS MBA (Dean: Jae Wook Kim) was held at 5 p.m. on October 5th (Monday) at the Supex Hall of LG-POSCO Building. All participants wore a mask and sat on the seats with social distancing during this event due to the COVID-19, and about 26 alumni students who entered the school this semester had their first greetings. In order to celebrate the admission of the 90th class alumni, executives of AMP alumni association, MBA Dean Jae Wook Kim, MBA Associate Dean Weon Sang Yoo, president of the AMP alumni association Kim Moon-chan, AMP professor Bae Bokyung, and other AMP alumni also attended the ceremony. Welcoming speech by Dean Jae Wook Kim Dean Jae Wook Kim delivered a welcoming speech by saying, "I sincerely thank you for visiting the school, even more than congratulating your admission," and added, "We have fewer students than usual due to the COVID-19, but I hope this allows you to harden the unity among the 90th class." Congratulatory remark by president of the AMP alumni association Kim Moon-chan President of the AMP association Kim Moon-chan said in his congratulatory remark, "I hope this will be an opportunity to meet other alumni, who will closely interact with each other even after graduation." An introduction of the association and its affiliated organizations by secretary-general of AMP's alumni association Jeon Hyung-sik followed the congratulatory remark, together with a time for association executives to deliver greetings to the students. Afterwards, the event was wrapped up with the singing of the school song as well as a commemorative photograph. Meanwhile, Korea University's AMP program which was founded in 1976 for the first time in Korea with a 45-year-old tradition, boasts a strong network of renowned alumni in each field.
Notice of 2021 Spring Graduate School Applications ... Fostering researchers with up-to-date knowled
Notice of 2021 Spring Graduate School Applications ... Fostering researchers with up-to-date knowledge and superb research skills Korea University Graduate School Department of Business Administration is now accepting applications for PhD and MS programs of seven majors and a master’s degree on Business Analytics(BA). There are seven business administration majors: △Management that researches effective and efficient strategies, organizations, leadership and motivation, conflict mediation and control for achieving organizational goals, △International Business which covers strategy development, supply chain management and sustainable management of global firms based on the understanding of international finance and trading environments, △MIS(Management Information Systems) which researches various IT(big data, AI, blockchain, cloud computing, digital platforms etc.) and its usage to create value and solve problems in a rapidly changing digital business environment, △LSOM(Logistics, Service and Operations Management) which aims for rational decision making based on analyzing data and modeling goods/service/production systems using economics, math and statistics, △Marketing which aims to create exchanges that achieves organizational or personal goals by defining and managing markets, △Finance that researches how investors, financial firms, and companies fund capital, manage risks, and further studies how these decisions affect firm value and efficiency of capital allocation based on an understanding the theory of asset preference, △Accounting which valuate and reports firm activities to stakeholders based on the motto that what cannot be measured cannot be managed. Master’s degree, a two year full-time program, requires at least four semesters of registration. Students are required to take at least thirty credits of the course work, eight credits of research guidance courses, passing the foreign language test and comprehensive exam, and pass a thesis to receive a master’s degree. The MS/PhD integrated program are offered those who completed their undergraduate studies. Students must register for at least six semesters and take at least 54 credits of course work and 12-16 credits of research guidance courses. PhD programs are offered to those with a master’s degree, and requires at least four semesters of registration, at least 36 credits of course work, and eight credits of research guidance courses. The MS/PhD integrated program and PhD program both require taking courses that the academic advisor designated, passing the foreign language test and comprehensive exam, passing a thesis and publishing at least one SCI(E) level research to receive the degree. The BA master’s degree is a concentrated, single year program that fosters all-round individuals who are proficient in both theoretical background and analytical skill of data analysis and information extraction, essential in business management in the age of the fourth industrial revolution and digital transformation. The BA master’s degree is composed of 6 modules and requires 24 course work credits. A thesis is not required, but participation in a capstone project is necessary. Process Korean applications Foreigner applications Online Application period Oct.5th(Mon)~Oct.19th(Mon) Sep.7th(Mon)~Sep.18th(Fri) (due) Document reception ~Oct. 20th(Tues) ~Sep. 25th (Fri) Interview Nov. 14th(Sat) Acceptance announcements Dec. 10th (Thur) (expected date) Graduate School Department of Business Administration and BA master’s degree applications are separately run for Korean and foreigners. Korean applications are received online from October 5th(Monday) to October 19th (Monday), and original documents of online applications must be submitted by October 20th (Tues). Admission results are planned to be released in December, after interviews on November 14th (Sat). Visit graduate school homepage (http://graduate.korea.ac.kr) or KUBS homepage(http://biz.korea.ac.kr) for further details regarding applications. Any inquiries should be made to Office of MS/PhD Programs (02-3290-1363/1365). KUBS Graduate School, Department of Business Administration is contributing to the development in the field of Business by fostering researchers with up-to-date knowledge, excellent research abilities and superb communication skills.
CDTB Colloquium Held...LG`s Extensive Innovation Using AI Technology
CDTB Colloquium Held...LG's Extensive Innovation Using AI Technology The CDTB Colloquium, hosted by Korea University Business School (Dean=Jae Wook Kim) and organized by the Center for Digital Transformation & Business (CDTB), was held on September 25 (Friday). Lee Hwa-young, who is in charge of AI strategy for LG Science Park's AI (Artificial Intelligence) promotion team, was invited as a speaker and the lecture was held under the theme of "LG's Advanced AI Use Cases" through an online platform due to COVID-19. LG Science Park is a convergence research complex where R&D talents from various fields such as electronics, chemistry, bio, and software are gathered in one place, and investment and cooperation are conducted to find startups in key competencies needed for future preparation of LG Group and secure new technologies. Lee Hwa-young began the lecture by introducing specific improvements made by LG in two main fields of AI: "Fundamental" area that develops machine learning technology in the short term and improve the security and accuracy of AI technology in the long term, and "Applied AI" that applies the technology to various industrial sectors to bring out economic, social and cultural impact. Lee explained in detail that LG has achieved 'halo effect' by applying deep learning and machine learning technologies in various fields such as new drug development, anti-cancer treatment, product defect check, and customer management, including saving a total of $39 million annually in battery field based on artificial intelligence technology. Moreover, Lee emphasized LG has focused on the fact that Google, which has a leading position in Machine Reading Completion (technology for listening to human questions and finding answers in unstructured documents and answering them correctly), is vulnerable to the Korean language field, and introduced examples of LG beyond Google in the Korean language field by applying 400 million data sets of Korean sentences. After the lecture, the Q&A session was held. One question was about the concern of job problems caused by AI. Lee replied, "If existing simple, repetitive, work-oriented jobs are replaced by AI, new types of jobs will be created, which will greatly offset the decline." He also mentioned that in the medical sector, AI technology can significantly improve productivity and improve work environment satisfaction as AI and automation technologies replace dangerous manual and emotional labor, by providing relative examples of LG's accomplishments. At the end of the special lecture, Lee Hwa-young said, "If you think about how to effectively integrate AI into business administration, and study math and statistics at the same time, you can become a better business student," stressing the steady interest in related areas. Meanwhile, Korea University Business School established CDTB in 2019 to serve as a platform for connecting industry-academic research and leading the era of digital transformation in education and research, and is planning and conducting special lectures.