• 2018 KUBS Challenge Case Competition
    KUBS Challenge Case Competition 2018
  • Korea JoongAng Daily
    2018 University Rankings
  • KU Highest Pass Rate on the 53rd CPA Exam
    KU Highest Pass Rate on the 53rd CPA Exa
  • KUBS 2019 MBA Admission Open (By Oct 26)
    KUBS 2019 MBA Admission Open
  • KUBS Alumni, the Largest Ratio Among Korea’s Top 100 Company CEOs
    KUBS Alumni CEOs
2019 KUBS Part-time MBA Admissions Open
2019 KUBS Part-time MBA Admissions Open Korea University Graduate School of Business (Dean Soo Young Kwon) is now accepting applications for 2019 part-time MBA. Admission is open for 3 part-time programs: △Korea MBA △Finance MBA △Executive MBA. An online application is available from September 27 (Thu), and closes on 5pm, October 26 (Fri).    KUBS holds an information session for applicants on September 18 (Tue). Held from 7:30 pm, the information session will go through an overview of the Graduate School of Business and its programs. Participants will also be able to ask questions in the Q&A session. The information session will end with a campus tour.   ▶ Click here to apply for the information session!   KUBS’s widely renowned program, Korea MBA, is a part-time two-year program. The classes are held after working hours. The maximum number of students is 190 each year, who are admitted after a thorough screening process. Korea MBA at KUBS provides an intensive curriculum on eight academic areas: Human Resources/Organizational Behavior, International Business, Accounting, Marketing, LSOM, MIS, International Business, and Strategy. Korea MBA also offers a range of unique student networking events. (Inquiries: 02-3290-1360/5365)   KUBS’s executive MBA is designed for executive managers with a minimum of 10 years’ experience. Executive MBA is a two-year weekend program taught on Fridays and Saturdays. The program provides exclusive educational environment including lecture rooms and a student lounge that are exclusively accessible for executive MBA students. Two program director professors and a program manager will support students on the overall enrollment and registration procedure. KUBS’s executive MBA is one of the best executive MBA programs in the world. In fact, the program ranked 20th globally in “The 2017 Executive MBA Ranking” released by Financial Times. The maximum number of students is 55. (Inquiries: 02-3290-2705)   Finance MBA is a two-year part-time program which provides knowledge and skills specialized in finance. The curriculum can be divided as two parts, of which theoretical courses are taught by program directors, and practical courses are distinctively organized by experts in the field of asset management, financial engineering, and insurance. In addition, students will be able to learn most updated knowledge and skills by its information technology sessions on Python & R programming, and big data & machine learning. The maximum number of students is 35. (Inquiries: 02-3290-1308)   The final admission outcome of Korea MBA and Finance MBA will be released on 7th of December (Fri) at 3 pm. The admission result of executive MBA will be out on November 16th (Fri) at 11 am.    
Oct 26, 2018
432
NEWS
Information Session for the 2019 Winter Global Internship – Application Closes on Oct 31 (Wed)
Information Session for the 2019 Winter Global Internship Application Closes on Oct 31 (Wed) KUBS opened an information session for the 2019 Winter International Internship on October 10th (Wed) at Room 218, LG-POSCO Building. The session was organized by KUBS International Office, where 15 students attended to hear about detailed information about the internship application. The session went through application period, eligibility, selection criteria, how to apply, followed by Q&A.   The selection is based on △GPA of the last two semesters △English proficiency test score (optional) △English(Chinese) Interview △Interview in Korean △weighted score for students completed regional studies △weighted score for extracurricular activities. If a student would like to apply for an internship in China, s/he is not required to submit the English proficiency test score nor s/he does not have to attend the English interview. Instead, the student is required to attend a Chinese interview.   Any KUBS students who completed more than four semesters may apply for the internship. However, students who are enrolled in the last semester of their degree are not allowed to make the application. Their participation in the internship will be approved as the completion of three to six credit hours of ‘International Internship Practice’ courses. The application must be made until October 31st (Wed). Interviews will be held on November 6th (Tue), followed by the selection of preferred companies on November 15th (Thu). Applicants may select up to three companies they prefer to participate in.   The list of currently available companies that KUBS students can participate in as an intern is △OKTA LA Branch △LG Electronics in Spain, Russia, and Canada △Pulmuone Beijing △PT Pratama Abadi △Entrust Permal Hong Kong. Ms. Yoon Young Kim from KUBS International Office commented that “the communication is still ongoing; the list will be updated. So I highly recommend you proceed with the application even if you do not see your preferred company on the list yet.”   KUBS international internship program was commenced in 1994. It is the first international internship program in Korea, which was designed to encourage students’ global experience. In 1994, 32 students participated in the program, and each year around 30 students went aboard for their internship experience to more than 15 countries in the world. So far, a total of 1970 students participated in the internship at 500 organizations across the world. If you have inquiries, you may contact via open chat on KakaoTalk (‘KUBS Global Internship’, code: 5363). You may also refer to the KUBS official website or contact KUBS International Office (02-3290-5363).  
Oct 16, 2018
17
NEWS
[KUBS Ladies Special Lecture] “The Importance of Nonverbal Communication” Professor Eun-kyung Shin
[KUBS Ladies Special Lecture] “The Importance of Nonverbal Communication” Professor Eun-kyung Shin KUBS invited Professor Eun-kyung Shin, former KBS announcer for KUBS Ladies guest lecture. Professor Shin’s lecture on <Successful Leadership Communication Skills>. Professor Eun-kyung Shin is from Department of Health & Strategic Communication at Cha University, and she was an announcer of KBS Nine O’clock News from 1981 to 1992.     Professor Shin emphasized Challenge, Change, and Change. She explained, “We need to challenge ourselves so that it brings chances, that will potentially change ourselves.” “This lecture is a great example. You all made a choice to come to this lecture; you challenged yourself. And that brought you the chance to communicate with me.” Professor Shin added, “nonverbal communication such as a simple nodding is very important.”   Professor Shin also discussed △what is success △what is challenge △who am I △what is your goal in your life. Things do not happen in one day; you need to make an effort step by step. In addition, Professor Shin encouraged the audience that there is always a good end after the long dark tunnel. You need to be resilient to rebound from a failure. Professor Shin also highlighted the importance of good-listening. “Always ask yourself if you are a good-listener.” “Good-listening involves nonverbal communication such as eye contact and body language,” she added.     ‘KUBS Ladies’ is KUBS’s female students and alumni network. Established in 2012, KUBS Ladies has its executive body ‘Blossom’ who opens social events to encourage them to be future leaders.  
Oct 15, 2018
16
NEWS
Woot & D&I PARVIS at KUBS Startup Institute Attended ‘Grow with GS x KITA Startup Gathering’
Woot & D&I PARVIS at KUBS Startup Institute Attended ‘Grow with GS x KITA Startup Gathering’ On October 2nd (Tue), two teams at KUBS Startup Institute, Woot & D&I PARVIS attended ‘Grow with GS x KITA Startup Gathering (GWG)’ held at COEX, Grand Ballroom. GWG is a venture networking program that is designed for major corporations and startup teams to share their tips and thoughts on business success, for a potential synergy between them. GWC is co-hosted by GS Home Shopping and KITA (Korea International Trade Association), which provides a range of learning opportunities such as case studies. Commenced in September 2015, the event is held every quarter.   ▲(From the left) Director of KUBS Startup Institute Hicheon Kim, CEO of Woot Junehye Park, Dean of KUBS Soo Young Kwon, Senior vice president at GS Homeshopping Won-Sik Kim     ‘Woot’ is one of the teams at KUBS Startup Institute, which provides micro-community service for single-person households. The social network service set a community block consists of around 3,000 single-person households so that they can access and share useful information for everyday living. The service is designed to resolve the problems of single-person households, to encourage communication between them and to form functional areas of business.   ▲ COO of Woot Ki-Kyung Hong (left), CEO of Woot Junehye Park (right)     ‘D&I PARVIS’ was also a resident team at KUBS Startup Institute, which is a leading technology research report service business based on big data and machine learning. In particular, the service assists patent application procedures which were often considered as a barrier to making the application. The service aims at an easier access to the patent application by offering the most updated AI service to its users.   ▲CEO of D&I PARVIS Sang-Joon Park   Dean Soo Young Kwon attended the GWG event to encourage the two startup teams: one of the 3rd startup teams ‘D&I PARVIS’ and one of the 4th startup teams ‘Woot’. Dean Kwon said, “I am proud of what KUBS Startup Institute has achieved within two years since its establishment. The institute now represents entrepreneurship and innovation, as can be seen from its remarkable performance.” In addition, Dean Kwon encouraged the participants that hopefully their success will bring further improvement of other teams at the Startup Institute so that one day the School will be capable of holding the event on campus at LG-POSCO Building. Director Hicheon Kim also commented that “It is such an honor for the KUBS startup teams to attend such big event. The two teams’ progress will inspire other teams at the startup institute.”   CEO of Woot Junehye Park (Business ’11) said, “It is a great honor to be a part of the event, getting to meet and actually speak with managers at GS Group and venture capital firms. I am hopeful that this event will be a great start of launching a Woot mobile application.”   CEO of D&I PARVIS Sang-Joon Park (Mechanical Engineering ‘14) also said, “I had priceless feedbacks from clients today. Based on the comments I received today I will be able to improve my team’s beta testing.”   ▲ (From the left) Senior vice president at GS Homeshopping Hoon-Sang Kim, Director of KUBS Startup Institute Hicheon Kim, Executive vice president at GS Homeshopping Young-Hoon Park, Dean of KUBS Soo Young Kwon, COO of Woot Ki-Kyung Hong     Established in September 2016, Korea University Business School’s Startup Institute provides a range of education sessions, which is designed to achieve ‘a platform of entrepreneurship and innovation’. The institute offers various programs for future entrepreneurs to share their thoughts. The entry to Startup Institute is open via startup competition ‘Startup Express’ held every quarter. Since its establishment, the institute had a total of 38 startup teams.  
Oct 08, 2018
67
NEWS
[Startup Lecture Series] “Venture Is a Lot About Entrepreneurs - What Investors Look for” - Dae-Young Kim, CEO of KNET Investment Partners
[Startup Lecture Series]  “Venture Is a Lot About Entrepreneurs - What Investors Look for”  - Dae-Young Kim, CEO of KNET Investment Partners On October 2nd (Tue), KUBS Startup Institute invited Dae-Young Kim, CEO of KNET Investment Partners for a guest lecture on ‘Invest in Venture Business and Value-Up’ at KUBS Startup Station, level 2 of KUBS Main Building. Dae-Young Kim is also an invited professor at Sungkyunkwan University Business School.   Mr. Kim ran his lecture with three main parts which are △venture capital △factors determining investment in venture business △entrepreneurship △successful and unsuccessful case studies of value-up. Mr. Kim first explained that venture business and capital, as well as the cycle of recovery market. “Hypothetically, if venture capital was invested in 10 venture businesses, seven of them will go broke. That gives you the loss of seven billion won.” “However, out of the ten, three businesses will survive. And their return is five times the investment.” He continued, “Five times three billion gives us 15 billion won. And if we subtract the amount of the initial investment, 10 billion, it leaves us five billion. So after all, the capital gain is five billion won.”   He shared a positive evaluation of the current investment trends by saying that “the total amount of investment is about 30 trillion, and the number of new venture associations is drastically increasing as well.” Nevertheless, he acknowledged that “it is important to have at least three years of professional experience prior to being a venture capitalist. I don’t think it is a good idea to be a venture capitalist straight after the graduation.” “Although, I know few people who were in charge of investment at a venture capital, and then employed at the company.”   Above all other things, he emphasized the importance of who the entrepreneurs are. One of the audience asked “which team he liked the most”, and he replied that “In the end, you make the investment in person. Investors are interested in the integrity or authenticity of the entrepreneurs or the idea they are trying to deliver, not the technological advance of a business.” “Because that’s critical in your business after all” he added.   Each semester, KUBS Startup Institute holds practice-based lecture series ‘Lecture on Demand’ and ‘Startup Lecture Series’ about startups and business venture. Anyone interested in the KUBS startup business teams and any KUBS students are welcome to participate in the lectures. For further inquiries, please contact KUBS Startup Institute at 02-3290-2551.  
Oct 08, 2018
22
NEWS
Ceremony for Completion of 7th KUBE & Commencement of 9th KUBE
The Ceremony for Completion of the 7th KUBE & Commencement of the 9th KUBE On October 1st, KUBS Student Ambassador ‘KUBE’ welcomed their new members at Room 301, LG-POSCO Building. The ceremony had 16 attendants in total. Dean Soo Young Kwon and staffs from the KUBS Public Relations Office attended the event to welcome new KUBS Student Ambassadors and thank the 7th KUBE students for their contribution.       The event was hosted by the president of 8th KUBE, Ho-Joong Lee (Business’13), and vice president Soo-Min Kim (Business’18). The event commenced with a brief overview of KUBE’s objectives and responsibilities for the overall representation of the Business School. Then they briefly introduce the key activities they had in Spring 2018 such as ‘The 7th KUBS Teen Mentoring Day’. The hosts then introduced their main tasks on Fall 2018 including protocol events support, online and offline publications, and other social events for KUBS students and alumni.   Dean Soo Young Kwon said, “KUBE’s contribution has improved the School’s external representation.” “I would like to thank the 7th KUBE for the hard work you made during the last year.” Dean Kwon then welcomed the 9th KUBE members, “I hope you have a good time as a KUBS student ambassador”.   ▲ 7th KUBE: So-Young Jeong (Business'17), Ji-Won Park (Business'17), Yoon-Jeong Choi (Business '16),  Won-Bin Kim (Business'14) ​ KUBS Student Ambassador program, KUBE, first commenced in 2013 and revised on June 2015. The main tasks of KUBE are△ KUBS Campus Visit and Teen Gathering Day △ Teen Mentoring Day △ KUBS SNS event planning.    
Oct 02, 2018
52
NEWS
[Interview with a Civil Service Entrance Examination Successful Candidate] Passed Within a Year of Exam Preparation - Kyung-Bae Lee (Business ‘13)
[Interview with a Civil Service Entrance Examination Successful Candidate] Passed Within a Year of Exam Preparation - Kyung-Bae Lee (Business ‘13)   Q. Please introduce yourself. Hello, I am Kyung-Bae Lee from Business Administration entering class of 2013. I passed the 2018 5th ranking Civil Service Entrance Examination, finance and economy division. I am currently taking a leave of absence and will return in the spring semester of 2019. Q. What made you prepare for the Civil Service Entrance Examination? I was thinking of a career that I can contribute to society and improve my skills at the same time. I saw the Public Service Fair posted on the SNS and that’s when I made up my mind to prepare for the exam. In fact, I had a lot of concerns during the exam preparation. I was worried that even if I passed the exam, I don’t know which department I will be assigned to. But after a consultation with Professor Soo Young Kwon, I was sure that it is what I would like to do. Professor Kwon advised me that if I passed the exam, I will involve in policymaking that can actually contribute to the society. He also told me that it will be a career that I can learn a lot.   Q. What is the secret of your successful result within a year? It’s not much of a secret, but I tried not to forget three things: learn as much as you can from lectures at the university, set up a specific action plan, and make a routine for studying. First of all, I tried to make the most of lectures at the university, that are relevant to the Civil Service Entrance Examination. From 2013 to 2017, I took 19 to 21 credits, and the results were pretty good especially in business economics, organizational behavior, management mathematics, international business, and introductory statistics. These courses were related to courses I took the exam on – public administration, economics, financial affairs, statistics. I strongly recommend take lectures at the university which will shorten the duration of your exam preparation.   Another thing that helped me a lot was to make a detailed plan. Most around me started the exam preparation way sooner than I did, which was a pressure for me. So I set up a detailed plan of ‘One-year master plan-monthly study plan-weekly study plan’. The one-year master plan includes the list of books I was supposed to read before the exam, and monthly study plan includes the list of lectures I must complete, followed by weekly study plan of what I should study each day. So every time I procrastinate, I checked how much I had done out of the things I was supposed to complete. That way I was able to motivate myself again. Moreover, making a routine of studying improved the efficiency of studying. I tried to stick to 8 to 10 studying at the library (8 AM to 10 PM). In fact, it was very challenging that often I had to study on Sundays as well. But I was able to make myself used to the studying routine on Sundays.   Q. Was there any activities or classes at the university that particularly helped your exam preparation? If you're hesitant to start the exam preparation, I strongly recommend going talk to your academic advisor. KUBS provides frequent social events with professors, so it is easy for you to reach them. Like I mentioned earlier, courses at KUBS such as business economics, organizational behavior, management mathematics, international business, and introductory statistics helped me a lot. In addition, I was able to build a basic accounting background by microeconomics and monetary finance. More importantly, exam preparation at ‘Takmajung’ at KUBS helped me tremendously. At Takmajung, we not only study together but we also share feedback on answers we wrote. It is a great way of studying because you get to learn from a broader perspective. We also shared useful exam information or tips, so that we can make better performance on the exam.   Q. What was the most challenging part of the exam preparation? It was the uncertainty of the exam result and pessimistic thoughts. For a while, I was pretty down. I was overwhelmed by exam preparation and I was in a bad mood. Whenever I got pessimistic, I called the day off early like 9 PM and took a rest for the next day. As regards other stress management, when I felt guilty after procrastinating for a long time (using mobile phone etc.) I went outside and met people to refresh myself. Q. Could you share your future plan? We haven't quite decided yet but I will definitely return to university next year for my final year at university. So in the meantime I would like to take classes and travel. After graduating from the university, I will then enter the training institute. I don’t know which department I will be working at, but my goal is to be a public official who improves welfare facilities in Korea.   Q. Could you give us last words of advice to KUBS students who study for Civil Service Entrance Examination? ‘Steadiness’ is the best weapon. Once I made up my mind to study for the exam, it was hard for me to go to the library, giving up the opportunity cost of it. But looking back, I was able to pass the exam because I tried to control myself to make a steady progress. I will enter the National Human Resources Development Institute in 2020, so I imagine I will study with some of the MY KUBS readers. Good luck to you, I look forward to seeing you there!      
Oct 12, 2018
17
Interview with the 86th Advanced Management Program (AMP) Admitted Candidates
Interview with the 86th Advanced Management Program (AMP) Admitted Candidates   Every Monday, Korean-Japanese Young-Ho Kim and Woo-Ja Choi (AMP ‘86) fly to Korea from Japan to attend AMP classes at KUBS. KUBS News met them for an interview on their extraordinary passion for learning.   Q. Could you please introduce yourselves? Hello. I am Young-Ho Kim, and I am Woo-Ja Choi. We are the second generation of Korean immigrants in Japan. We were both born in Fukuoka, Japan. We are running a real estate and food business ‘ZONE Inc.’. Q. How did you make up your mind to apply for AMP at KUBS? (Young-Ho Kim) I took over my father's business straight after I graduated from high school. I was busy with my work and missed a chance to study properly. Deep down I have always wanted to study and it has been one thing I found regretful in my life. And one day, I met Chairman Sang-Young Choi who is the president of KU Alumni Association in Japan and also the winner of ‘Proud KU Alumnus Award’. He recommended me to apply for AMP in Korea. So I did some research and I was fascinated by AMP’s teaching staffs who have noticeable academic achievement in addition to the professional experience. I suggested my wife study with me, and that’s how we both applied for the program. We know that flying from Japan every week is of course not easy, but we will do our best until the end of the program. Q. Is there anything in particular that you would like to learn from the program? I look forward to building a network with business leaders in Korea, especially in the internationally renowned learning environment with cutting-edge technology. I also look forward to corporate management and tax planning, in particular. In addition, the time in Korea will improve our Korean skills too. The cultural experience is another thing that we look forward to, so basically, we would like to experience Korea while studying at AMP.   The first AMP program in Korea, Korea University's AMP was established in 1976. With its 43 years of history, AMP is widely recognized for its professors and strong alumni network consists of 4,500 experts from diverse industries.    
Sep 10, 2018
97
KUBS Alumni’s Unique Donation Culture
KUBS Alumni’s Unique Donation Culture The Story of Endless Donation Relay, the Love for KUBS South Korea became the world's 12th highest country of GNI (Gross National Income), however, the nation is the 62nd country for WGI (World Giving Index). Though it has been a while since Korea became one of the countries that is capable of providing financial aid to developing nations, there has been concerns that more attention needs to be paid to the donation culture in Korea. Nonetheless, Korea University, KUBS in particular continues its unique tradition of donation by its alumni. The continuous love for KUBS lives on. KUBS has been running its own scholarship program supported by the alumni, which demonstrates the unique culture and strong network at KUBS. As a result, current KUBS students now have a wider access to scholarship opportunities than ever before. Each time KUBS holds a special ceremony to appreciate the contribution. In addition, on each classroom at LG-POSCO Building as well as on every single chair in the classrooms, names of the donators are indicated to commemorate their contributions. Moreover, the Department of Development and External Affairs, the department in charge of the fundraising for the entire university, releases externally the name of donator and the amount of contribution through the media including KU News for the major donations.   The Story of Endless Donation Relay, the Love for KUBS   KUBS students now have a wider access to scholarship opportunities than ever before. For the recent 2 years as of fall semester 2016, approximately a total of 3.1 billion KRW has been donated to source KUBS scholarship. The total number of scholarship beneficiaries during the last two years were 1,063, inclusive of the duplicated recipients. 100 million won from Alumni Association at KPMG Samjung accounting firm (President=Seung Yeol Yang, Business ‘83) A total of 230 KU alumni accountants at KPMG Samjung accounting firm raised funds for KUBS. They pledged to contribute 20 million won every year for 5 years, 100-million-won total. The funds will source to support future accountants. President Seung Yeol, Yang mentioned “We wish the students to study in a better educational environment and grow up as accountants who lead the society. We hope we would be able to make contributions to support the School’s further improvements.” 100 million won from Mong Jin, Jeong(Business ‘79), Chairman of KCC KUBS Alumnus Mong Jin, Jeong, contributed 100 million won, which will be a source of KCC Scholarship. Mong-Jin, Chung, CEO of KCC continues his contribution to KUBS through the scholarship through the MnJ Foundation. 50 million won from Sun Yong Lee (Business ‘80), CEO of Asian Star., Inc. Sun Yong Lee, CEO of Asian Star., Inc., contributed 50 million won for the development of KUBS. He said that he was honored to return the favor that he had received. 50 million won from the KUBS Entering Class of 1986 Association In celebration of their 25th admission anniversary, the Entering Class of 1986 Association fundraised the scholarship worth 360 million won to KUBS since the 31st KUBS Alumni Night held in 2011. They also delivered 50 million won this year for the development of KUBS. 20 million won from Changsoo Heo(Business ‘67), CEO of GS Group Alumnus Changsoo Heo, CEO of GS group made a constant contribution to KUBS since 2005 through ‘Namchon Scholarship’, as requested by Jun Koo, Heo, honorary chairman of GS Engineering & Construction. The total amount of Namchon Scholarship since its commencement has reached 323 million won, with the additional donation of 20 million won in 2017. 50 million won from Ms. Hwayoung Lee, daughter of professor Sanghoon Lee Ms. Hwayoung Lee, daughter of the very first KUBS Dean Sang Hoon Lee contributed 50 million won to finance further improvement of KUBS. At the ceremony, Ms. Lee said “It feels like yesterday the day when I hung around with my father at KUBS main building. I have always wanted to do something meaningful when I look back, and I thought the donation would be a great start.” 70 million won from the vice president Deok-Hee Jo Vice President Deok-Hee Jo, the wife of KUBS alumnus Poong-eon Jo (Commerce 59), contributed 70 million won as a part of So-Am Scholarship. So-Am Scholarship was made by Poong-eon Jo during his lifetime to inspire the academic commitment of the students. After his death, his wife continues to follow his wish. With this donation, a total amount of contribution reached a billion won. 20 million won from Min Yoong, Yoon (Business ‘99), CEO of community ‘Soo Man Hui’ Min Woong Yoon, the CEO of the famous community for the college entrance examinees, Soo Man Hui and the CEO of a publisher, Tenball Story, contributed 20 million won to the Business School. He said that he also won scholarship twice while he was studying at KUBS after he was released from the military service. And he mentioned that he was grateful to return the scholarship that he had received – with the amount of interest as well. 50 million won from Byung Chae, Kim(Business ‘77), CEO of Poinix Byung Chae, Kim, CEO of Poinix donated 50 million won and said he always had wished to be a part the School’s improvement. Established in 2003, Poinix Inc. is a company specialized in pavement technology, with their best-selling product ‘RSBS modified Double Layer Porous Asphalt’ that has a remarkable soundproof capacity on traffic noise. 100 million one from Hong Mae, Kim, CEO of Dong Won Phoenix., Inc. CEO Hong Mae, Kim (MSP, the 76th) donated 100 million won to KUBS. He is the president of KUBS’s MBA Alumni Association and the vice president of Korea University Alumni Association. He said, “I have always wanted to do something that provides educational support for the future generations. And I hope more students would be able to focus on their goals through the financial support.” 50 million won from Yoon Dae, Euh (Business ‘63), Professor Emeritus ‘Euh Yoon Dae Friendship Scholarship’ will be used to finance the airfare for exchange students participating in the University of Michigan. Yoon Dae Euh, Professor Emeritus and the 15th President of KU since 2003, devoted himself to the project, Global KU, during his tenure. 50 million won from Yoon Dae, Euh (Business ‘63), Professor Emeritus ‘Euh Yoon Dae Friendship Scholarship’ will be used to finance the airfare for exchange students participating in the University of Michigan. Yoon Dae Euh, Professor Emeritus and the 15th President of KU since 2003, devoted himself to the project, Global KU, during his tenure.
Jul 06, 2018
394
[The 60th Anniversary of IBRE] Looking Back Through History of IBRE
[The 60th Anniversary of IBRE] Looking Back Through History of IBRE   Korea’s first university-affiliated research center, Institute for Business Research & Education’s (IBRE, Director=Professor Chan Su Park) 60th anniversary of the foundation has come. It has been a fundamental step to Korea University Business School’s development to one of the top note universities in the world. Looking back through the history of IBRE, there have been two major stages of the center’s development. For the first 40 years, IBRE focused on institute-oriented research projects, education projects, publication, and held academic events as ‘IBRE-oriented period’. Since the mid-90s, ‘center-oriented period’, IBRE has focused on establishing research centers classified by majors, following a drift towards subdivision of business administration.     ‘Business Research Focused Period’ IBRE commenced in 1958, 1st of June, it was an affiliated institution of the College of Commerce, Korea University. Within two years of its establishment, IBRE was grown to be a part of Korea University, and it performed a management efficiency assessment of ‘First City Bank of Korea’. IBRE first published ‘Korea University Business Journal’, which is the very first weekly business journal in Korea. In 1962, IBRE was in charge of cost accounting test on Cheil Industries Inc. and 2 other companies. It was the first cost accounting assessment performed by a university research institute in Korea.   In addition, IBRE contributed to the extension of the application of business administration to the Korean government and public sectors. One of the examples is ACMS (Army Command Management System) performed from 1961 to 1963, which is the adoption of business administration to the military forces. Another example is a research on government administration requested by the Government’s Administrative Reform Committee in 1965. In addition to that, the Ministry of Commerce and Industry commissioned IBRE to create management indicators for small and medium-sized enterprises and conduct the first domestic per unit production cost inquiry. Since the mid-1980s, IBRE held academic conferences with renowned universities overseas, which promoted academic exchange in Korea and further.   At the same time, IBRE affirmed its position as the first and best university-affiliated institute by the publication of a range of journals in addition to KU Business Journal. IBRE issued ‘Business Monthly Newsletter’, as well as ‘Price Level Monthly Newsletter’ and ‘Business Research’ in 1964. IBRE also issued other types of publications: △The Completed Works of Business Administration △The Completed Works of Accounting △The Collection of Business Administration △A Compendium of Business Administration △Dictionary of Business Administration △A Series of Business Administration. ‘IBRE Sub-center Focused Period’ With the establishment of a Center for Asian Business Research in 1995, IBRE opened up its new era of the center-oriented development. IBRE commenced a variety of research centers to promote the specialization of each division in business administration.   In addition, IBRE developed to a key institute of academic-industrial cooperation by the commencement of corporate training program. Designed for the success of a business’s goal and strategy, the corporate training program was first started ‘MBA Program at Samsung Electronics Co., Ltd.’ in 1999. In 2017, IBRE started △RM Prestige Program at Shinhan Bank △SK Win-win Growth MBA Program △Global Leadership Course at CJ Cheil Jedang Corporation △Hi-Business School Program at Hyundai Marine & Fire Insurance. On the other hand, IBRE continued its work on publication; from 2008 to 2013, IBRE issued an annual ‘Business Operation Way’ as a part of the collaboration with the Federation of Korean Industries.   The growth of IBRE is continuing, so as its attempts at new projects. In 2017, IBRE organized a research group – a smaller unit than the research center to best focus on the rapidly emerging areas of research. Examples include ‘Market-oriented Big Data and IoT Research Group’ and ‘Management Philosophy Research Group’ commenced in December 2017. IBRE aims to work on further establishments of research groups organized by the researchers’ areas of interest.   More Articles on the 60th Anniversary of IBRE The 60th Year Celebration Ceremony for Korea University IBRE The 60th Year Anniversary of IBRE - A Range of Special Events [Memoir] "Congratulations on the IBRE's 60th year anniversary" - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung [Interview] Professor Chan Su Park, the 31st Director of IBRE - “Opening Up a New Chapter of IBRE's history by the Commencement of Research Groups”
Jul 06, 2018
401
[The 60th Anniversary of IBRE] Memoirs of Professor Emeritus - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung
[The 60th Anniversary of IBRE] Memoirs of Professor Emeritus Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung   Cho Ik Soon, Professor emeritus / Former Director of IBRE (7th, 8th, 14th) It is such an honor to be a part of the 60th-anniversary celebration of the establishment of IBRE (Institute for Business Research & Education). On this congratulatory remark, I would like to highlight the context of the establishment of IBRE, which was in fact quite demanding at the period of time. I do not think there is anyone who probably knows.   After the Pacific War, there have been movements in rationalizing the existence of Japanese enterprises operated in the U.S. In particular, the United States Operations Mission (USOM) asked Professor Yoon, Byeong Ook, who has just returned from Germany after his study, for theoretical justification of the operation of Japanese enterprises. The USOM paid attention to the ways in which the management of Korea’s Armed Forces had been justified after the Korean War. The USOM also focused on how Professor Yoon was in charge of business justification seminar that was requested by employees at enterprises from the enemy country. So these were the context of the establishment of the very first business research institute from the best and largest university in Korea.   In the beginning, IBRE’s main tasks were to conduct a business assessment, market research, business justification seminar, cost accounting as well as a range of publication in business administration. IBRE was indeed a pioneer in this respect as well. Since the institute carried out quite a lot of projects, researchers at the Business School worked together with professors to complete the tasks.   The performance of IBRE was successful in every task, which demonstrates its position as the best university-affiliated research institute in Korea. I will point out few of the key achievements of the institute.   First of all, a large number of the researchers at IBRE were appointed as professors at the College of Commerce in the early stage of the adaption of the modern tertiary education system in South Korea. More specifically, the number of confirmed researchers at IBRE who were later appointed as professors is 41; there are 20 more whom I need the confirmation.   The second thing I should point out is cost accounting. In fact, one of the researchers at IBRE, Mr. Oh-Gil Choi, became a founder of a business. It is obvious that projects he was working on at the research institute, such as cost accounting projects for pricing a product in an automobile business and business analysis allowed him to be familiar with the overall operation of the automobile business. The projects on cost accounting provided a strong foundation for running his own business later on. Furthermore, I should also point out the achievement of the IBRE is the inspection of the state-owned enterprise in January 1970. There is a news report of the content of the inspection on January 19, 1970. Ik Soon Cho is appointed as the chairman of the Audit Committee of the Government's management enterprises, Sangman Lee, a professor at Seoul National University, as the first Lead Manager, and Yoonkyung Shin as the second lead manager. Work is divided up by National Tax Service (Investment and Construction Management), Productivity Center (Production Management, Sales) Industrial Management Research Center at Chungang University (analysis of business plans and results), IBRE at Korea University (cost management, financial accounting, management), Industrial Management Research Center at Yonsei University (human resources, organization and administrative affairs management). Professor Youngyun Yoon and professor Jangchun Ha from Korea University handled auditing practices and integration of audit reports for each field. I was in charge of the comprehensive report. This triggered IBRE to evaluate the annual business results of the government investment institution, and based on the results, was responsible for the government's decision on the year-end bonus payment rate. The last thing to mention is the computerization of financial data of listed companies and the research on the creation of databases contributed to the stock market’s development. Professor Sang Koo Nam was the chief of the research. These are only just a few key achievements of what IBRE has accomplished since its establishment; much more has been done, the institute has made the constant contribution to South Korea’s economic development. I am sure IBRE will continue its position in the future: the very first and the largest, No.1 business research institute in Korea.   Professor Emeritus Jee, Chung / Chairman of the Board of Social Science Academy, Former director of IBRE (15th) First of all, I sincerely celebrate the 60th anniversary of IBRE. IBRE was founded on June 1, 1958, the year when I entered Korea University. The special bond between IBRE and me has started in August 1962 when I completed the military service. Professor Hyo Rok Kim and professor Byeong Ook Yoon, deputy director, advised me to temporarily work for the public relations department. I was responsible for a wide range of publications during my term at IBRE, such as 6 volumes of ‘The Complete Collection of Business Administration’, 6 volumes of ‘The Complete Collection of Accounting’, ‘A Compendium of Business Administration’, as well as editing of ‘Monthly Research Journal of Business Administration’. I was also in charge of the request of the manuscript and 4 times of correction.   Later on, I served as the head of the department of newspaper publication for ‘Korea University Business Journal’ with Changgyu Hwang, assistant administrator (later professor at Sookmyung Women’s University and Dongguk University). After the start of my postgraduate degree, I was able to work as an official researcher of IBRE and appointed to the manager of the general affairs department. After my study in the United States, I became a full-time professor at Korea University, as well as the advisory committee members, member of the board of directors. Later I was appointed as the director of IBRE in 1987. Since I remained as a counselor of IBRE until the retirement even after the term. So basically, I worked for IBRE eight to nine years longer than I worked as a full-time professor at KUBS. Led by the late professor Yoon, Byeong Ook, IBRE was the core institution of the Korea University Business School. At the time of the establishment, there was no specialized research institute in Korea. Therefore, each and every external activity carried out at IBRE were "Korea's first". In addition to the Korea's first business assessment, cost accounting, industry census on mining and manufacturing, management indicators of small and medium-sized enterprises, etc., as well as the command and control system handbook and Korean Army's command and control system manual and administrative reform of the government were also one of the IBRE’s tasks.   Not many know the fact that all these plans were approved and established by the government. Another remarkable thing to note is that establishment of ‘Korea Institute of Science and Technology Information’ as an independent institution was led by the late professor Yoon, Byeong Ook. ‘Korea Institute of Science and Technology Information’ is founded with an ambition to set up a research institution that is comparable with KIST. While I was serving the term as a director of IBRE, I was working on the research assistance of professors and founding commemoration projects, celebrating the 30th anniversary. In commemoration of the 30th anniversary of the foundation May 1988, 43 distinguished scholars in Korea and overseas participated in the international symposium, holding enthusiastic discussions and presentations. Professors at the University of Southern California (USC) IBEAR, as well as professors from Seoul National University and Korea University participated in the symposium. In the following year, 27 domestic and overseas professors participated in an international conference held in USC. The last thing I would like to talk about is the international conference IBRE held in collaboration with the ‘Economic Growth Center" and ‘East-Rock Institute’ at Yale University in November 1988. Professor at Yale University, Seoul National University, and Sogang University, and the author participated in the event. Since the above three international conferences were the largest international conferences held at IBRE, it is worth to keep it recorded.   Congratulations again for the IBRE’s 60th anniversary, all my best wishes to further achievements of IBRE.   More Articles on the 60th Anniversary of IBRE The 60th Year Celebration Ceremony for Korea University IBRE The 60th Year Anniversary of IBRE - A Range of Special Events [Memoir] "Congratulations on the IBRE's 60th year anniversary" - Professor Emeritus Cho, Ik Soon, Professor Emeritus Jee, Chung [Interview] Professor Chan Su Park, the 31st Director of IBRE - “Opening Up a New Chapter of IBRE's history by the Commencement of Research Groups"  
Jul 05, 2018
300
[Internship Abroad | Overseas Korean Trades Association] "Gain Broader Perspective on Diverse Industries as Well as on My Career Path”
[Internship Abroad | Overseas Korean Trades Association] "Gain Broader Perspective on Diverse Industries as Well as on My Career Path”     Q. What were your job descriptions? I had an international internship from Overseas Korean Trades Association (OKTA) in Los Angeles in 2018 winter. Basically I was responsible for basic assistant works such as preparing the association’s events, publishing relevant documents and brochure, membership list management, etc. Everyone at the Association, including the president and the secretary-general, was very nice and supportive, which was a big relief during the internship.   Q. What was the most memorable event? I would say a visit to the International Consumer Electronics Show 2018 held in Las Vegas was the most impressive event than anything else. I was able to see the current technology trends and experience various new products from many companies around the world during the two days. Samsung Electronics, LG, and other domestic companies participated in the exhibition on a large scale were also impressive. I guarantee that if you are looking for a job in the industry, you should not miss the events like CES 2018.   However, because CES is held only in Winters, students participating in Summer internships will not be able to attend the event. Instead, you might want to participate in OKTA LA’s ‘Next Generation Trade School’ which is held in every summer. The ‘Next Generation Trade School’ will be a great opportunity to work on business projects, prepare for presentations so that the participants will learn from the experts in the field.   Q. How was life in LA? Winter in LA is warm. It was a bit chilly in the early morning and evening, but during the day it is quite sunny and hot that you want to put on summer outfits. If you plan to visit LA in winter, like me, you might want to bring outfits that you wear in summer or early fall in Korea. However, do bring jumpers that you can wear in the morning and nights. The sun was quite strong as well, do not forget to bring sunblock, sunglasses and a hat.   The executive office provides a part of the expenses spent on lunch, unlike the accommodation, which is not supposed to be provided to us. However, the chairman arranged the residence for us so thankfully, all three of us were able to stay there. It was around 30 minutes’ distance by walk from the office. I took buses or Uber only when I am running out of time.   On the other hand, there were also things that I did not like, too: overall price levels and public transport. The general price is much higher in the United States than in South Korea, and the public transport in South Korea is way more convenient than in the U.S. Since buses or subways are running few and far between, I did not use them as much. Also it is not a good idea to take the public transport in the night for the sake of your safety. Take Uber or rent a car if you plan to travel to the U.S.   Q. Could you give us any other thoughts on your internship experience? Despite such a short period of time, I was able to learn a lot during my internship at OKTA. It was such a great chance to work with the experts from diverse areas and broaden my knowledge and skills. CES was also a highly rewarding event to attend, where I was able to study current technological developments that I was not even aware of earlier. Overall, it was such an inspirational and life-changing two months in my life, which I gained a broader perspective on diverse industries as well as on my career path. I strongly recommend an overseas internship program; you will be able to achieve so many valuable lessons from it.   Young-Min Lee (Business’13)
Jul 05, 2018
719