KUBS Startup Institute Holds “CHOO CHOO DAY”
KUBS Startup Institute Holds “CHOO CHOO DAY” “CHOO CHOO DAY” helps business to be successfully stabilized through practical investment network. On May 18 (Thu) from 4:00 p.m. to 7:00 p.m., “The 2017 CHOO CHOO DAY” was held at the second floor of KUBS Main Building. The event was hosted by Korea University Business School (Dean=Professor Soo Young Kwon) and supervised by the KUBS Startup Institute. CHOO CHOO DAY is a demo day of the KUBS Startup Station, which is a startup incubation platform, and also is the last event of a six-month startup incubation program. The event was filled with enthusiasm of 150 participants including prospective entrepreneurs, venture capitalists, accelerators, and angel investors. The participating startup teams who joined the CHOO CHOO DAY are as follows: ① REDROCKET (crowdfunding service for college students), ② TRANDIST (market place using celebrity), ③ Kidop (customized 1 to 1 home visiting education service for children, ④ Taling (P2P talent sharing online platform), ⑤ VLOGR (video editing service), ⑥ Artridge (exporting Korean emoticons), and ⑦ CANVAS (3D printing/production/sales platform for jewelry designers. The seven startup teams had the opportunity to present their products and services for ten minutes each at the open IR (Invest Relations) session and information booths. The startup teams at the KUBS Startup Institute were selected through a startup competition called “The 2016 Startup Express.” Prior to the competition, only ten percent of applicant teams passed the application screening process and interview. Each team was granted a budget for operation expenses of 1,000,000 won. They also received an office space, available on the second floor of the Iljin Center for Startup Incubation, networks, and advertising & marketing services for free. The companies that signed an MOU with KUBS, such as △Kim & Chang (law firm), △PwC (accounting firm), △Amazon Web Service, and △Y Crowdfunding, provided practical business support as well. Over the past six months, venture capitalists and angel investors reviewed the overall business performance by conducting five times of mentoring sessions and mid-term appraisals. “This demo day has allowed our business to be more concretized and made us think about how to attract investment in reality,” said Vlogr CEO Taejun Lee who presented at the CHOO CHOO DAY. “As we diligently prepared for the event, I hope there will be fruitful results.“
KU Selected for “Leaders in INdustry-university Cooperation (LINC+)”
KU Selected for “Leaders in INdustry-university Cooperation (LINC+)” KUBS builds a distinguished Industry-Academia Cooperation model utilizing its unique startup institute, internship program, etc. KUBS devotes to help local industries and communities to be both developed by realizing the world-class Industry-Academia Integration. Korea University is selected as an “Advanced Industry-Academia Cooperation University” in the “Leaders in INdustry-university Cooperation (LINC+),” conducted by the Ministry of Education and the National Research Foundation of Korea. A total of five colleges, including △Korea University Business School (KUBS), △College of Engineering, △College of Health Science, △College of Informatics, and △School of Art & Design, participated in the KU LINC+ Project. Of all, KUBS and College of Engineering will play a pivotal role in this project. KUBS received excellent marks by proposing a distinguished “Industry-Academia Cooperation” model based on its independently operated startup institute and global & domestic internship programs. As a selected university for the LINC+ project, KUBS will cultivate excellent manpower, create jobs, and innovate small and medium-sized companies, based on close cooperation with local industries and local communities. The business school plans to strengthen its competitiveness and actively engage in the project activities. Meanwhile, the LINC+ is a large-scale financial support project with an estimated budget of 327 billion KRW. In addition, this is a newly established Socially-Customized project closely linked to university curriculums and social demands. A total of 55 universities, including Sungkyunkwan University and Hanyang University, were selected for the LINC+ project, which aims to alleviate the youth job crisis and labor shortage at firms. Each university was evaluated whether the proposed “Industry-Academia Cooperation” model is appropriately reflecting its vision, circumstances, and features, and is feasible with internal and external conditions. Korea University will receive up to 5 billion KRW per year through the LINC+ project. This year’s allocated amount is 3.2 billion KRW. The LINC+ project will be sustained for five years from 2017 to 2021. The university plans to expand a new center within Research & Business Foundation. The director of the center is Professor Kwan Young Lee, who is also research superintendent of Korea University. The key development plan of the KU LINC+ is “emerging future knowledge industry by establishing an integrated Industry-Academia Cooperation platform.” The university strives to develop a global Industry-Academia Cooperation model through the following diverse programs: Student-designed Major, Fusion Major, π-Ville for Young Entrepreneurs, and KU All-Set Support. The three core strategies of innovative national and local industries include △establishing a world-class Industry-Academia Cooperation infrastructure, △developing an integrated educational and research system for future industry, and △revitalizing Anam-Hongreung Valley. In particular, Korea University signed an MOU with KIST Graduate School. With Anam-Hongreung Valley, aiming to be Korea’s Silicon Valley, the university intends to pioneer and realize the world-class Industry-Academia Integration with industries, universities, research institutes, and communities. Once the platform is created, a variety of supports, including startup ideas and support services, will be offered by π-IDEAS Factory and KUBS Startup Institute in conjunction with local communities.
World-famous Roboticist Dennis Hong Speaks at “KUBS Futurum Lecture Series”
World-famous Roboticist Dennis Hong Speaks at “KUBS Futurum Lecture Series” Korea University Business School (KUBS) launches “KUBS Futurum” which is an annual forum on the future. The first guest speaker of the Lecture Series is robot scientist Dennis Hong, a professor at the University of California Los Angeles (UCLA). The special lecture will be held on May 22 (Mon), and the title of his lecture is “How Will Robots Change the Future?” The session is open to KUBS students. Any inquiries can be directed to the Futurum Office at 02-3290-1306. Dr. Hong is prominent in the field of robotics for building a vehicle for blind drivers. He is also known as the Leonardo da Vinci of robots. Dr. Hong built his first humanoid soccer player called “DARwIn” and “BALLU,” a balloon-bodied robot filled with helium. “Futurum,” which also means future in Latin, is a compound word made up of “Future” and “Forum.” The forum consists of a total of four sessions as follows: △Lecture Series, △Asia Trilateral Seminar, △Roundtable, and △Business and Economic Outlook. The KUBS Futurum aims to discover and ponder the future issues that Korean society and economy will confront as well as offering insights. Under the slogan “KU-the Future,” signifying that KU will open, lead, and make the future, Korea University has been exerting its utmost efforts to nurture talents for the future society. Every May, the Lecture Series brings in world-renowned figures to share their insights. The session is intended to keep up with the latest trends on changes in the future society and to discuss about the outcomes of those changes. The Asia Trilateral Seminar will be held every May in conjunction with Peking University in China and Hitotsubashi University in Japan. The purpose of the session is to share plans prepared for the fourth industrial revolution with China and Japan which are deeply tied to Korea economically. The seminar, titled “Strategies for Korean, Chinese, and Japanese Companies Entering Period of Low Growth," includes a debate on the changes in the future society, and strategies and policies to lead the future. The Roundtable, held on the day before Ko-Yon Games (an annual student-led sporting event), is an annual discussion with invited alumni. The themes of the session are the past, present, and future. KUBS alumni will gather around to look back on the past, understand the present, and seek solutions to actively cope with a complicated future. In December, KUBS and the Department of Economics will jointly run the “Business and Economic Outlook.” Although a number of institutes in Korea and abroad release the microeconomic outlook, there is no single institute that provides specific outlook by industry. KUBS and the Department of Economics plan to publish a prospect report, covering quantitative outlook by sales, revenues, and investments of each industry. Reports will be released at an open seminar held in every early December and distributed online for free. “The KUBS Futurum will provide the opportunity to examine the fourth industrial revolution, which still brings uncertainty for the future, and to find directions for humanity to steer,” KUBS Dean Soo Young Kwon said. “I hope you can learn how companies facing Intelligence Society will transform and how the Korean economy can survive in this rapidly changing environment. In addition, this forum allows intellectuals to assemble and think about what entrepreneurship is.”
“Global CEO Special Lecture” Course by Astronergy Solar Korea CEO Jyh-Ping Chang
“Global CEO Special Lecture” Course by Astronergy Solar Korea CEO Jyh-Ping Chang On April 13 (Thu), Astronergy Solar Korea CEO Jyh-Ping Chang gave a lecture in room 432 of LG-POSCO Building. As an alumnus of the Class of ’79 at Korea University Business School (KUBS), CEO Chang donated numerous times for the development of the school. He currently serves as an adjunct professor at KUBS. The lecture, which was mainly focused on renewable energy industry, covered △Concept and Principle of Solar Power and △Prospect for Renewable Energy. Without having any particular technology, CEO Chang founded a company whose annual sales are 100 billion won in solar power industry. “The key to success in business is entrepreneurship,” he said. “Before taking the path of an entrepreneur, I sat down in a bookstore to read countless books on startups.” CEO Chang also focused on benefits of renewable energy and its potential in the future. “Solar power is semi-permanent, which means that there will be no additional cost once it is created,” he added. “Although renewable energy is not rapidly pervaded due to political issues and cost, it will get popular someday.” “Among renewable energy, solar power industry has lower barriers to entry,” CEO Chang said. He emphasized to students that they should pay attention to renewable energy industry and not be afraid of it. The “Global CEO Special Lecture” course, which is offered by Professor Soo Young Kwon, is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures in May are as follows: △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), and △Swarovski CEO Nami Oh (May 25).
[KUBS Startup Institute: Lecture Series #2] “Everything about Startup M&A and Investment” by Fast Track Asia CEO Jiwoong Park
[KUBS Startup Institute: Lecture Series #2] “Everything about Startup M&A and Investment” by Fast Track Asia CEO Jiwoong Park On April 18 (Tue), Fast Track Asia CEO Jiwoong Park delivered a lecture at the KUBS Startup Station. The lecture, titled “Everything about Startup M&A and Investment,” was held as part of the Entrepreneurship Academy Lecture Series. The session included △Introduction to Fast Asia Track, △Life as a Venture Capitalist and Entrepreneur, and △Advice on Startup. CEO Park co-founded Fast Track Asia in 2012 under the concept of “Company Building Company.” The two representative companies that Fast Track Asia invested in were Timon and Baedal Minjok. “The software industry will gradually expand,” CEO Park said. “We have been reaching out to industries in which the market size is large but software services are yet to be developed.” Afterwards, CEO Park talked about life as a venture capitalist. CEO Park said that it is important for those who chose to be a venture capitalist to walk its path as soon as possible. “A venture capitalist is assessed solely by performance, not oneself nor one’s diligence,” he added. “It is significant to study markets and industries and improve your performance rather than just gaining knowledge of venture capital.” During the Q&A session, the audience asked what the most important quality of a venture capitalist was. “If you invest for a long period of time, you may become arrogant and confident in a certain industry,” CEO Park said. “Thus, maintaining your humility will help you build trust in relations and play a key role when investing.”
Dr. E. Han Kim, Professor of Finance, Delivers Special Lecture
Dr. E. Han Kim, Professor of Finance, Delivers Special Lecture The title of the lecture is “Equity Financing, Capital Skill Complementarity” On April 21 (Fri), the Finance Seminar, hosted by the Area of Finance, was held in room 216 of LG-POSCO Building. The world-renowned scholar E. Han Kim was invited as a guest speaker. The title of the lecture was “Equity Financing, Capital Skill Complementarity.” KUBS Dean Soo Young Kwon and about 40 master’s and doctoral students attended the lecture. The seminar began with a welcome address and a brief introduction of the speaker by Professor Dongcheol Kim. Professor E. Han Kim initiated the lecture by introducing his recent publication titled “Equity Financing, Capital Sill Complementarity.” The paper covers whether infusion of new capital affects wages. “If you take a closer look at employee composition by education of high-skilled employees, higher labor costs are driven by capital skill complementarity,” Professor Kim said. “More broadly, our results illustrate how differential access to stock markets affects the relative demand for high- versus low-skilled employees, which, in turn, might influence income inequality.” Moreover, an active discussion stood out during the seminar. The participants asked in-depth questions related to the paper while having an incisive debate over the reality of Korea. This scholarly discussion became heated as Professor Kim answered the questions. “Although Finance is not my area of study, the lecture given by the world-renowned professor helped me understand the area even better,” Hyung-Keun Song (master’s student of MIS) said. Professor E. Han Kim currently serves as a professor at the University of Michigan. He is also known as the world’s eminent finance scholar who has been contributing to boost the research reputation of Korea by consistently publishing papers in the top finance journals.
KUBS and STEPI Jointly Host “Global Young Innovators Talk”
KUBS and STEPI Jointly Host “Global Young Innovators Talk” On April 18 (Tue), Korea University Business School (Dean=Professor Soo Young Kwon) and Presidential Committee on Young Generation at Science & Technology Policy Institute (STEPI) jointly hosted “The Global Young Innovators Talk.” The topic of the session is entitled: “Global Collaborations for Youth Startups.” KUBS Dean Soo Young Kwon, STEPI President Jong-guk Song, Committee Chairman Yongho Park, and about 60 students attended the event. Miso Co-founder Haksu Lee and moonROK CEO Hannah Waitt shared their startup stories and know-hows to youth dreaming of starting a global business. The session included a panel discussion followed by networking session. “It is an honor to host this wonderful event at the KUBS Startup Station, which is an innovation platform, for young global startups,” said Dean Kwon during his welcoming speech. “Hopefully, there will be more global exchanges and cooperation.” After Dean Kwon’s welcoming speech, CEO Hannah Waitt talked about K-pop platform company “moonROK(www.moonrok.com)” and her startup story. The meaning of moonROK is the door to Korea. “I fell in love with K-pop after watching Girls’ Generation’s music video,” Waitt said. “Because I did not know about any Asian culture, I wanted to learn a language first.” She also mentioned about adaptation of Korean business and struggles that she went through as a female CEO. “You have to believe your thoughts. Keep in mind that the one who can persuade others is yourself,” she added. ▲ CEO Hannah Waitt ▲ Co-founder Haksu Lee Miso Co-founder Haksu Lee delivered his company’s story including its establishment and the process of receiving support from venture capitalist “Y Combinator.” Miso provides on-demand home cleaning services and uses a system where cleaners with jobs do not have to pay membership fees and can reserve convenient locations and times. “At first, we started at a very small office. While we lived together, our efforts to discover innovative things everyday have been extremely helpful,” Lee said. “Even if it is slow in the beginning, I hope you can drive innovation in our daily life.”
[KUBS Startup Institute: Lecture on Demand #1] “Official Documented Agreement Can Prevent Dispute between Shareholders” -Special Lecture by Partner Hoseok Jung
[KUBS Startup Institute: Lecture on Demand #1] Special Lecture by Partner Hoseok Jung “Official Documented Agreement Can Prevent Dispute between Shareholders” On April 11 (Tue), the 2017 Lecture on Demand was held at the KUBS Startup Station. The first guest speaker was Seum Law Firm Partner Hoseok Jung. In the lecture, Jung shared practical knowledge such as △splitting shares between founders and △major issues when starting a corporation. Lawyer Jung is an alumnus of the 38th Class of the Judicial Research and Training Institute. Prior to serving at Seum, he was a partner at Shin & Kim. Jung mainly works with popular startups in Korea and abroad, IT companies, capitalists, and startup accelerators. “A dispute over share occurs quite often in small startups,” Jung said. “Writing an official agreement with shareholders can prevent this issue in advance.” “You must carefully allocate shares even if it is a small amount,” he added. Jung also talked about practical legal information including key issues when establishing a corporation and composition of executives. A Q&A session was held at the end of the session. One of the audience asked whether a CEO must own more than 50% of stocks. “In order to make a decision effectively, CEO is required to own more than 50% of stocks. If not possible, you can make an adjustment through agreement with shareholders.” Jung said. “I am actually planning to start my own business, and this session was helpful. Thanks to Lawyer Jung’s lecture, I have learned practical knowledge necessary for my future business,” said Jin Kyu Lee (Business Administration, ’14) who participated in the lecture. The KUBS Startup Institute has been hosting a practice-focused lecture “Lecture on Demand” and a venture lecture “Lecture Series” to provide startup education. These special lectures are open to KUBS startup teams, KUBS students, and anyone interested in starting their own business. Any inquiries can be directed to the KUBS Startup Institute at 02-3290-2551.
Dean’s Luncheon Held for Students to Recognize Academic Excellence
Dean’s Luncheon Held for Students to Recognize Academic Excellence in Fall 2016 On March 29, Korea University Business School (KUBS; Dean=Professor Soo Young Kwon) held the Dean’s Luncheon at Cuckoo Hall in LG-POSCO Building. The event is designed to recognize students who demonstrated exceptional academic achievement in Fall 2016 and to encourage their studies. Fifteen students attended and enjoyed the luncheon with KUBS Dean Soo Young Kwon. The students had the opportunity to talk with Dean Kwon, as well as sharing the overall school life including their studies and career goal. Dean Kwon encouraged the students excelling in academics and also advised them to do their best in the future. “I would like to give a sincere round of applause for the students who worked so hard on their studies,” Dean Kwon said at the award ceremony. “KUBS will continue to fully support students to ensure they reach their goals.” A total of 35 students earned a perfect GPA as of Fall 2016. Of 35 students, eleven students who maintained a 4.5 GPA two semesters in a row (Spring and Fall 2016) were granted the President’s Award. The rest of the students received the Dean’s Award for having a perfect GPA in Fall 2016 only.
KUBS Produces the Largest Number of CEOs in Top 500 Companies among Private Universities
KUBS Produces the Largest Number of CEOs in Top 500 Companies among Private Universities Korea University Business School (KUBS Dean=Professor Soo Young Kwon) is ranked first among Korean private universities in producing the largest number of CEOs in Top 500 Companies. While Korea University has the highest number of CEO alumni among private universities in Korea, KUBS is the top producer of CEOs at the college level. The CEO Score (Head Ju-gun Park), an organization that evaluates corporate management performance, conducted a survey on the alma maters of the 480 CEOs of the top 500 companies in Korea, and confirmed that 19 CEOs are graduates of KUBS as of April 1. The notable CEOs who graduated from KUBS include △Chang-soo Huh; Chairman of GS Group (Business, ’67), △Cheol Young Lee; CEO of Hyundai Marine & Fire Insurance (Business, ’71), △Jin-soo Huh; Vice Chairman of GS Caltex (Business, ’72), △Jeongwon Park; Chairman of Doosan Group (Business, ’85), △Mong-won Jeong; Chairman of Halla Group (Business, ’74), △Mong-jin Chung; Chairman of KCC (Business, ’79) △Mong-gyu Chung; Chairman of Hyundai Development Company (Business, ’80), △Chang-soo Kim; CEO of Samsung Life Insurance (Business, ’73), and △Young-jin Lim; Chief of Shinhan Card (Business, ’86). In the overall rankings, including public universities, Seoul National University Business School is ranked No. 1 by producing 21 CEOs. △Yonsei School of Business (14 CEOs) came to third followed by △Seoul National University School of Chemical Engineering (11 CEOs), △Seoul National University School of Law (9 CEOs), and △Korea University Law School (8 CEOs). According to the survey, the universities that have produced the most CEOs are △Seoul National University (122 CEOs), △Korea University (52 CEOs), and △Yonsei University (44 CEOs). The most common degrees among CEOs are as follows: △Business Administration (105 CEOs), △Economics (39 CEOs), △Engineering (30 CEOs), △Chemistry & Chemical Engineering (30 CEOs), and △Law (24 CEOs).
“Global CEO Special Lecture” Course by Polestar Healthcare CEO Yeo Dong Yun
“Global CEO Special Lecture” Course by Polestar Healthcare CEO Yeo Dong Yun On April 6 (Thu), Yeo Dong Yun, CEO of Polestar Healthcare, conducted a lecture in room 432 of LG-POSCO Building. Polestar Healthcare is a high-tech company that provides radiology services. The title of the lecture was “Entrepreneurship & Frontier Spirit.” “Being a medical doctor, I strongly felt a need for business knowledge and thus decided to pursue the EMBA Program at Korea University,” CEO Yun said. “It was not easy to work and study at the same time, but I have learned much more than I expected.” “Medicine and social science are inseparable. Whatever job you get, you should have entrepreneurship and frontier spirit to keep up with today’s changing society,” he added. “To achieve my goal of developing business that can contribute to society, I walked into a bookstore and read startup books. If you come up with a creative idea, start your business with an entrepreneurial spirit.” CEO Yun, who is also the President of EMBA Alumni Association, ended his lecture after stressing not to lose Korea University’s principle “Frontier Spirit.” The “Global CEO Special Lecture” course offered by Professor Soo Young Kwon is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures are as follows: △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15).
KU Tops among Korean Private Universities in QS World University Rankings by Subject
KU Tops among Korean Private Universities in QS World University Rankings by Subject Of 302 universities, Korea University is ranked 45th for the subject of Business & Management in the QS World University Rankings, resulting in the best performance among the private universities in Korea. The overall score of Korea University (KU) for the subject of Business & Management is 77 points, ranking second in Korean universities after Seoul National University (79.5 points). KAIST and Yonsei University are ranked in the top 51-100, while Hanyang University and Sogang University joined the 101-150 list. The other domestic universities appeared in the rankings as follows: Kyung Hee University in the 51-100 range, Ewha Womans University in the 201-250 range, and Chung-Ang University in the 251-300 range. Harvard University has been ranked as the top university in the world followed by London Business School (2nd), INSEAD (3rd), Massachusetts Institute of Technology (4th), and University of Pennsylvania (5th) In addition, KU is ranked 47th worldwide in the subject of Accounting & Finance among 200 universities with the overall score of 74.7. Among universities in Korea, KU came in second after Seoul National University (76.1 points). The university scored higher than the previous year. Quacquarelli Symonds (QS), an organization evaluating global universities, has been annually releasing “The World University Rankings” since 2011. This particular ranking covers 46 disciplines and evaluates based on four performance indicators, such as △Academic Reputation, △Citations per paper, △Employer Reputation, and △H-index citations. The first 50 universities are ranked sequentially whereas those that fall between 51 and 200 are grouped into three categories: 51-100, 101-150, and 151-200. Meanwhile, KU is ranked within the Top 50 in 8 out of 46 disciplines and has outperformed the private universities in the nation. Furthermore, the university received an excellent evaluation by placing in the Top 100 in 24 other disciplines.
[KUBS Startup Institute: Lecture Series #1] Special Lecture “Things You Should Never Do with Your Startup” by Peoplefund CEO Joey Kim
[KUBS Startup Institute: Lecture Series #1] Special Lecture “Things You Should Never Do with Your Startup” by Peoplefund CEO Joey Kim The KUBS Startup Institute (Director=Professor Ho-Won Jung) hosts a monthly lecture series during Spring 2017 in order to help startup teams and students develop basic qualifications required of a future entrepreneur. On March 14 (Tue), the first lecture series was held in the KUBS Startup Station. The special lecture, titled “Things You Should Never Do with Your Startup,” was delivered by Peoplefund CEO Joey Kim (Business Administration, ’00). “Before you start your business, you must ask yourself a question: Am I the qualified one to run a startup,” CEO Kim said. “It is important for you to figure out if your tendency fits the followings: △Perspectives, △Choice, △Execution, △Leadership, and △Humility.” “If you are thinking about becoming a future entrepreneur, you should think that failure is part of the process of success. For example, if you draw a tree a thousand times, enjoy drawing, and have a faith in it, you will eventually draw the best tree,” he added. CEO Kim, who is an alumnus of Korea University Business School, served as a consultant at Bain & Company, one of the world’s leading management consulting firms. He was also a Senior Associate at Softbank Ventures, an internet and mobile venture capital, and mainly worked on investment and post management. In 2014, CEO Kim founded “Peoplefund,” which is Korea’s only peer-to-peer lending platform that provides a legal financial service through the banking sector. On April 18 (Tue) at 6:00 p.m., the second lecture series “A Company that Builds Companies: Fast Track Asia and M&A Case” will be presented by Fast Track Asia CEO Jiwoong Park. Any inquiries can be directed to the KUBS Startup Institute at 02-3290-2551.
“Global CEO Special Lecture” Course Delivered by BCG Managing Director Soo-il Chai
“Global CEO Special Lecture” Course Delivered by BCG Managing Director Soo-il Chai On March 30 (Thu), Soo-il Chai, Managing Director of Boston Consulting Group (BCG), one of the top three consulting firms in the world, delivered a lecture in room 432 of LG-POSCO Building. The topic of the lecture was “Unleashing Your Breakout Growth Potential,” covering △BCG’s recruiting process and key selection criteria, △Mission and vision, and △Job description of a consultant. “During my first interview at BCG, the interviewers asked me how to calculate the weight of the Boeing 747 aircraft that I took,” Chai said. “A consultant must be able to effectively and proactively solve problems.” At the lecture, Chai emphasized that the key attributes of becoming a good consultant are the ability to address issues with a cool-headed approach and communication skills that persuade clients. “Companies are all about achievements. Consulting that cannot lead to achievement and growth is waste of time and money,” said Chai while explaining the roles and duties of a consultant. Chai encouraged students dreaming of becoming a consultant as well as giving realistic advice to participants who have questions and concerns about their future career. ▶ Click here to view photos of the special lecture ◀ The “Global CEO Special Lecture” course offered by Professor Soo Young Kwon is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures are as follows: △Polestar Healthcare CEO Yeo Dong Yoon (April 6), △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15). Related Article "Global CEO Special Lecture" Course Delivered by ETRO CEO Choong-hee Lee
"Global CEO Special Lecture" Course Delivered by ETRO CEO Choong-hee Lee
"Global CEO Special Lecture" Course Delivered by ETRO CEO Choong-hee Lee On March 16 (Thu), the special lecture — delivered by Choong-hee Lee, CEO of DUO, which imports Italian luxury brand ETRO — was held in Room 432 of LG-POSCO Building. The topic of the lecture was “Ways to Be a Successful Leader.” The lecture was given as part of “Global CEO Special Lecture” course, which is a newly offered major elective course this semester. CEO Choong-hee Lee shared his insights to the KUBS students, emphasizing the five virtues of becoming a successful leader: △Live with a thankful heart, △Have a positive mindset, △Always work hard, △Value your relationships with others, and △Be generous to others. CEO Lee serves as CEO of DUO, a company that imports apparel and sundries of Italian brand ETRO. In 2002, he established “Baekwoon Scholarship Foundation” and has donated more than 2.7 billion won in scholarships to about 1,200 college, high school, and middle school students. The “Global CEO Special Lecture” was designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. “This class will allow our students to understand the reality of some companies and industries even better by meeting CEOs who are engaged in their own fields,” said Dean Kwon who also teaches the course. “As guests share their experiences and qualifications required as a global CEO, I anticipate that students can get help planning for their future career. ▶ Click here to view photos of the special lecture ◀ On March 2, the first lecture, titled “Act Like a CEO and Will Be a CEO,” was given by KUBS Dean Soo Young Kwon. Startup Crowd Y CEO Scott H. and CEO Choong-hee Lee delivered the second and third lectures, respectively. The upcoming special lectures are as follows: △Boston Consulting Group Head Soo-il Chai (March 30), △Polestar Healthcare CEO Yeo Dong Yoon (April 6), △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15).
806 Graduates Who Will Bring Glory to KUBS
806 Graduates Who Will Bring Glory to KUBS On February 25, the 2016 Korea University Business School (KUBS) Commencement Ceremony was held at Inchon Memorial Hall. KUBS Dean Soo Young Kwon, Korea Investment Holdings Vice Chairman Nam-Goo Kim, Executive MBA (EMBA) Alumni Association President Yeo Dong Yoon, Korea MBA (KMBA) Alumni Association President Dong Kee Shin and KUBS faculty attended the ceremony. The graduating KUBS students donned in caps and gowns filled the auditorium in Inchon Memorial Hall. Also, their families sat on the second floor of the auditorium to celebrate graduation. A total of 806 KUBS students received degrees this year (△478 undergraduate students, △47 MS students, △23 PhD students, △185 KMBA students, △48 EMBA students, △2 Euro-Asia MBA students, △21 AMBA students, and △2 GMBA students). ▲KUBS Dean Soo Young Kwon is delivering his commencement remarks. ▲Korea Investment Holdings Vice Chairman Nam-Goo Kim (Business, '83) is giving his keynote address at the 2016 KUBS Commencement. After the Pledge of Allegiance and the singing of the national anthem, Associate Dean Jaehwan Kim and Associate Dean Kyung Sam Park presented undergraduate and graduate academic reports, respectively. “Economy, politics, and other external circumstances are clouded in uncertainty,” Dean Kwon said. “With our passion and efforts, I am confident we can overcome obstacles that we are encountering.” The award ceremony for students recognized for their academic achievement was held, followed by the diploma presentation. △You Jin Hwang (Undergraduate, ’09), △Jinyoung Park, △Seo Young Yoon, △Chanju Hwang (KMBA, ’15) were awarded the President’s List, while △Changyun Oh (KMBA, ’15) △Myeong Keun Ma (EMBA, 13th Class), and △Perichiappan Perichappan, Ganesh Attangudi (AMBA, 8th Class) were placed on the Dean’s List. The diplomas were handed out by Dean Soo Young Kwon. Associate Dean Kyung Sam Park and other research supervisors celebrated and encouraged their students. The commencement ceremony ended by throwing graduation caps and singing the university song.
KU Tigers Ready to Embark on New Chapter at KUBS
KU Tigers Ready to Embark on New Chapter at KUBS On February 20, 2:00 p.m., the 2017 Korea University Business School (KUBS) New Student Orientation was held in room 602 of Woodang Hall. KUBS Dean Soo Young Kwon, KUBS staff, and about 260 new students made their presence at the orientation, which was designed to introduce the curriculum and academic guidelines to students. The orientation started off with a congratulatory speech by Dean Soo Young Kwon. “Many influential leaders from KUBS have been at the center of the Korean economy over the past 50-60 years,” Dean Kwon said. “I hope you all become pioneers leading Korea in the next 50-60 years.” “The world is changing exponentially, and we cannot predict the future with the current method. Figure out what you really want to do and prepare for the future,” he added. The orientation contained useful information about the university, such as △International Programs, △Undergraduate CDC Programs, △Scholarships, △Leave of Absence/Return to School and Graduation, △Curriculum, and △Course Registration. In the middle of the orientation, “Special Lecture on Finance” by Financial Supervisory Service and “Gender Equality on Campus” by Gender Equality Center were given. The total number of new KUBS students matriculated in 2017 is 435, including 72 international students. The KUBS international students are from a variety of countries such as China, Mongolia, Australia, and Canada. Under the slogan “Business for Society – Inspiring Next Leaders,” KUBS aims to nurture global leaders contributing to society.
KUBS Signed MOU with PHBS in China
KUBS Signed MOU with PHBS in China Korea University Business School (Dean=Professor Soo Young Kwon) singed a MOU with Peking University HSBC Business School (PHBS). The MOU includes △Graduate and MBA-level Student Exchange Program and △academic exchanges, including joint research and seminar. Each university can send two students per semester to study overseas. Exchange students may study for up to one academic year and take the following course areas in English offered at PHBS: Business Administration, Economics, and Finance. ▲ Korea University Business School singed a MOU with PHBS on January 11. “Through this agreement, KUBS and PHBS can actively communicate and build a robust network,” Dean Soo Young Kwon said. “I especially hope there will be even more graduate-level research and academic exchanges between the two universities.” ▲ The panoramic view of PHBS The Peking University Shenzhen Graduate School of Business was founded in 2004 and renamed HSBC Business School in 2008. PHBS has a total of 61 full-time faculty. The university is ranked No. 129 in the UTD Rankings, an evaluation index indicating the research performances. Shenzhen, China, where PHBS is based, is a major city located in Guangdong Province adjacent to Hong Kong. The city has a population of about 11 million with an average age of 30 years. The headquarters and factories of the global leading companies in China, such as BYD, Foxconn, Xiaomi, and Tencent, are situated in Shenzhen, a rising city where the future of China can be anticipated. For further inquiries on the Student Exchange Program, contact the KUBS International Office (firstname.lastname@example.org).
KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey” among Private Universities
KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey” among Private Universities Korea University Business School's Advanced Management Program (AMP) topped in the "2017 AMP Preference Survey" among private universities. The KUBS AMP received excellent evaluations in the business and economics assessment and is ranked second overall among private universities followed by △Yonsei University (3rd) and △KAIST (4th). The ranking is two spots higher than the previous assessment. The newly revised curriculum and innovative participant composition have positively affected the results. “The KUBS AMP—featuring the powerful alumni network—consolidated its reputation through curriculum innovation,” the university officials said. The KUBS AMP focused on enhancing its competitiveness, including its curriculum innovation, in order to develop a distinguished advanced management program, thereby receiving a high score. The lectures have been revised 100% for the innovation of the education program. “We changed the contents of lectures by adding science subjects such as Biotechnology,” said Professor Sang Yong Kim who is AMP Director. Also, the AMP selected second-generation business leaders to strengthen the power of the network. The average age of the program participants has dropped to early 50s. The quality of the network has improved as well. The program enhanced the interview process, resulting in eliminating more than 10 applicants. The KUBS AMP, which is well known for its alumni network, has a special curriculum called “3rd Period.” After second period, students can go out for a beer and develop a network, and that is part of the AMP curriculum. The purpose of this session is to utilize networking assets by building a strong alumni network. “Half of the AMP students said that the reason for taking the program is to acquire necessary knowledge for business management whereas the other half said it is to build a network with dignitaries. I can assure you that Korea University has the most powerful network than anywhere else,” KUBS Dean Soo Young Kwon said. In addition, the KUBS AMP, which has been running its alumni association since 1976, has a curriculum using Korea’s largest alumni network of 5,000 graduates. “We provide an event where AMP students and graduates can attend to maintain KU’s unique alumni network,” Dean Kwon said. Meanwhile, the assessment, jointly conducted by Korea Economic Daily and Global Research, was surveyed by 417 human resources executives and managers from the government and public enterprises. The 42 AMP programs, which were recommended by 20 major universities in Seoul, were categorized in six areas and were scored based on the following indicators: △curriculum, △current and future reputation, and △network. Each section was ranked either from 1 to 3 or 1 to 5.
KUBS Unveils New Shield Logo … Reflecting KUBS Vision and Identity
KUBS Unveils New Shield Logo … Reflecting KUBS Vision and Identity Korea University Business School (KUBS) unveils its new shield logo. The shield features a globe, which resembles KUBS stepping up to the world stage, and the tip of a pen indicating academic exploration. Beta (Β) and Sigma (Σ) represent “BS,” an abbreviation of Business School. The Latin alphabets were used to express the ideology of studies. Previously, KUBS shared the same logo of Korea University; however, as the business school uses its unique shield, KUBS can now express its vision and identity. The new logo has a shield shape — just like the logo of Korea University. The shield connotes Yong Ik Lee’s belief “National Salvation through Education.” As KUBS falls under the Division of Humanities and Social Sciences, the shield is "party per fess," which is halved horizontally. Crimson, the signature color for Korea University, is mainly used, and KUBS’s primary color, dark brown with straight lines is used on the bottom. These straight lines indicate the KUBS buildings, emphasizing the university’s identity while the overall balance and density of the shield logo were considered. KUBS will gradually apply the new shield logo in many communication channels, such as the website, brochures, and other internal and external materials. In the meantime, as part of celebrating its 111th anniversary, Korea University collected special features of each college and distributed the new symbols to the 21 colleges last year. The symbols contain each college’s pride and dignity. Although all colleges use the same shield shape, the shield of each academic field is divided as follows: The Division of Humanities and Social Sciences and the Division of Natural Sciences and Engineering are parted in horizontal and vertical lines, respectively. The Division of Arts and Music is parted diagonally from upper right to lower left.
2017 KUBS Full-time MBA Admissions Open
2017 KUBS Full-time MBA Admissions Open GMBA/CEMS MIM and S3 Asia MBA are now accepting applications for 2017 admission The application deadline for GMBA/CEMS MIM Dual Degree Program is March 30 (Thu) The application deadline for GMBA Single Degree Program and S3 Asia MBA program is April 28 (Fri) Korea University Business School (Dean=Professor Soo Young Kwon) is now accepting applications for Fall 2017 MBA admissions. The two full-time MBA programs that admit new students in 2017 are: △GMBA/CEMS MIM and △S3 Asia MBA. The Finance MBA Program has been reorganized, and its admission for Spring 2018 will begin in Fall 2017. The GMBA/CEMS MIM has three application rounds. In Round 1 and Round 2, applicants can apply for both GMBA Single Degree curriculum and the GMBA & CEMS MIM Dual Degree curriculum whereas the third round is for the GMBA Single Degree curriculum only. The application period for Round 1 is closed. The deadlines for the Round 2 and Round 3 are March 30 (Thu) and April 28 (Fri), respectively. In Round 2, the interview will be held in April 15 (Sat), and final decisions will be released on April 25 (Tue). The dates of the Round 3 interview and decision notification are as follows: May 20 (Sat) and May 31 (Wed). Two information sessions are scheduled to be held on △March 18 (Sat) at 2:00 p.m. and △April 5 (Wed) at 7:30 p.m. ▶ For further details, click the link: http://biz.korea.ac.kr/en/mba/global-mba/admission The S3 Asia MBA Program (AMBA) is an Asia-specialized program offered by three leading universities — Korea University, Fudan University, and National University of Singapore. Students can obtain two degrees, one from Korea University and another one from other two universities. The AMBA accepts applications until April 28 (Fri). The results of the application screening stage will be released on May 12 (Tue). The interview will be conducted on May 20 (Sat), and final decisions will be announced on May 31 (Wed). Along with the GMBA/CEMS MIM, two information sessions are scheduled to be held on △March 18 (Sat) at 2:00 p.m. and △April 5 (Wed) at 7:30 p.m. ▶ For further details, click the link: http://biz.korea.ac.kr/en/mba/s3asia-mba/admission The Fall 2017 MBA Admission is available at https://bizapply.korea.ac.kr/en/ For further inquiries, please contact the Administrative Office of MBA Programs at 02-3290-5365.
Special Lecture by JYP CEO Wook Jung, “Active and Open-minded Talents Have More Creativity”
KUBS Startup Institute’s Entrepreneurship Academy Lecture Series Special Lecture by JYP CEO Wook Jung, “Active and Open-minded People Have Creativity” On December 9 at 1:30 p.m., a special lecture “The Success of K-POP and Creative Talents,” delivered by JYP Entertainment CEO Wook Jung, was held at KUBS Startup Station in KUBS Main Building. As part of the Entrepreneurship Academy Lecture Series, the session aims to educate students to understand diverse academic areas—such as business and liberal arts—by inviting related mentors and sharing innovative experience and advice. CEO Jung pointed out that one of the reasons K-POP continues to grow is because the size of target customers is rapidly increasing due to relevant market expansion in North America and other countries. In other words, the development of platforms and digital devices have made people from around the world consume K-POP even more. K-POP fans who voluntarily listen to Korean music through digital platforms have become the principal engine of expanding and reproducing K-POP. “We should focus on establishing a niche,” CEO Jung said. “For instance, TWICE, Korean girl group, released the music video, featured zombies. We believed that the zombie-theme can surely intrigue anyone all over the world.” CEO Jung indicated that when producing music, an entertainment agency should anticipate the global market demands and preferences. CEO Jung also explained about the K-POP global marketing in the past and the present. “We should continue to drive sales growth and business diversification by focusing on markets, which were expanded based on IP services,” he said. Prior to 2015, many entertainment agencies globalized their business by sending Korean singers overseas. However, they have been producing Asian-based multinational idol groups since 2015. One good example is Tzuyu of TWICE. Starting 2016, agencies have implemented localization strategies worldwide and have been releasing songs fit for the local culture. For instance, if a Korean singer performs in Japan, the song will be sung in Japanese. CEO Jung emphasized that desire creates a market. He explained with an example of his childhood cartoon Winnie the Pooh. “When you were young, you perhaps imagined the taste of Pooh’s pancakes,” CEO Jung said. “We have to create a market, for example, making people want to visit the filming locations when they watch a movie.” Global marketing must be designed to stimulate desire for eating Korean food, seeing Korean culture, and furthermore visiting Korea. This is also known as Creation of Desire. CEO Jung believes a creative talent is the one who knows how to express his feelings to a boss. “JYP (Jin-young Park) and I like staff members who can talk back to us,” he said. “When I ask staff members’ thoughts on a song, the one who is brave enough to say ‘I just don’t like it’ without any explanation is blunt but creative.” CEO Jung believes that a true creative talent can be discovered if there is a tension-free atmosphere. In fact, he does not prefer recruiting typical applicants who wear a suit for their job application photography. CEO Jung once hired a staff member who used the wrong company name. “We can provide you the market,” he said. “But, do you really think that I, who have been in K-POP for 17 years, will be intrigued by someone who explains about the current K-POP status and propose its business? We are attracted to people who point out our problems and have guts to criticize us.” “I am here with the expectation that I will have the opportunity to communicate with you and possibly work together in the future. It is my great honor to be here at this wonderful place where something new will begin,” CEO Jung concluded. “As we live in the era emphasizing diversity, creative talents that CEO Jung has stressed can actively engage in various fields,” said Jisun Rha (Business, ’12) who attended the special lecture. “The session was significant as I was able to meet professionals in my area of interest, improve an understanding of the Korean entertainment industry, and get to know their desired talents for the related field.”
“2016 KUBS Worldwide Business Research Rankings” Released…KUBS Ranked 74th
“2016 KUBS Worldwide Business Research Rankings” Released…KUBS Ranked 74th Analysis on 40,000 publications data from 86 business journals, University of Pennsylvania ranked #1, followed by Erasmus University Rotterdam (#2) and University of Michigan at Ann Arbor (#3). A broader evaluation on research capacity compared to the UTD Rankings focusing on Western Universities. The Center for Business Research Analytics at Korea University Business School (KUBS; Dean Soo Young Kwon) released the 2016 Korea University Business School Worldwide Business Research Rankings™ (KUBS Rankings). This year, the University of Pennsylvania was ranked 1st place, while Erasmus University Rotterdam and University of Michigan at Ann Arbor were ranked as the top universities, placing 2nd and 3rd, respectively. Within the Asian region, City University of Hong Kong (8th) and National University of Singapore (9th) placed within the top 10, and Hong Kong Polytechnic University (20th) and Hong Kong University of Science and Technology (23rd) ranked within the top 20. Korea University has been ranked as the one and only university in Korea to be named within the top 100, being the 74th in the world. Other Korean universities ranked as follows: Korea Advanced Institute of Science & Technology (139th), Yonsei University (164th), and Seoul National University (167th). Korean universities have shown notable performances this year. While the rankings were not especially high, KUBS – as the leading university in Korea – moved up one spot higher from 75th to 74th this year. Other top Korean universities also showed great increase in ranking as follows: Korea Advanced Institute of Science & Technology moving up 36 spots (175th in 2015), Yonsei University moving up 19 spots (183rd in 2015), and Seoul National University moving up 4 spots (171st in 2015). KUBS Rankings, annually released towards the end of the year, is an evaluation index which indicates the research capabilities and performances of universities worldwide by data analyses on 40,000 publications listed in the 86 distinguished journals. While the worldwide rankings are released as an overall index which can be viewed by Rankings by Area – divided by seven business research areas of study – and Rankings by Journal. The Areas include △Accounting △Finance △Management △Management Information System (MIS) △Marketing △Operations Management & Management Science (OM/MS) △International Business (IB) & Strategy. Five years of publication data from 2011 to 2015 have been computed for the 2016 KUBS Worldwide Rankings. The top 300 universities have been ranked based on the sum of converted scores, reflecting the number of authors and their affiliations. The KUBS Rankings provides analyses on a wider scope of journals compared to the UTD Top 100 Business School Research Rankings™ (UTD Rankings) which conducts analyses only on 24 distinguished journals. While there is a tendency for the UTD Rankings to show outstanding performance of universities mainly in the United States, KUBS Rankings strives to have its base on a more practical evaluation standard by conducting analysis on a broader variety of journals so that the top universities in the European region as well as the ones in the Asian Pacific region will not be undervalued. “The goal of KUBS Rankings is to provide an active and inclusive evaluation on business schools around the world,” KUBS Dean Soo Young Kwon said. “Since KUBS Rankings has created a database of a wide variety of prestigious business journals, it has been recognized its potential to grow as the major index for evaluating the capability for research on studies of the business field. Currently there is an increasing number of inquiries continued from all over the world.” The details and information on the 2016 Korea University Business School Worldwide Business Research Rankings™ and other supplementary rankings can be found at kubsrankings.korea.ac.kr.
KUBS Startup Institute Selects Its 2nd Teams…"Startup Express Winter Season"
KUBS Startup Institute Selects Its 2nd Startup Teams…"Startup Express Winter Season" 4 teams out of top 9 teams were awarded at the competition on December 9 The 2nd startup teams of KUBS Startup Institute (Director: Professor Ho-Won Jung) are now finalized. On December 9 at 3:00 PM, “The 2016 Startup Express” was filled with enthusiasm of prospective entrepreneurs who wish to become Korea’s Mark Zuckerberg and to create the next Instagram. The 2016 Startup Express, hosted by Iljin Center for Startup Incubation at KUBS Startup Institute, is a startup competition where students can propose their creative business items based on entrepreneurship and innovation. A total of 12 persons, including △Minseop Kim (Manager of Lotte Accelerator), △Yushin Kim (CEO of Korea PCP), △Hicheon Kim (Head of Iljin Center for Startup Incubation), △Jooyoung Noh (Executive Officer of Dongwha Group), △Joong Yang Park (Director of Iljin Global), △Young-woong Song (Head of the Korea Times), and △Jaesun Shin (CEO of IT Winner, attended the event as judges. “It was a difficult decision to select just 12 teams for presentation among such talented applicants,” said Professor Hicheon Kim who is Head of the Iljin Center. “Through the 2016 Startup Express Winter Season, I hope there will be more talented entrepreneurs leading our society and economy.” A total of 43 teams, consisting of 156 undergraduates and graduates, from 16 universities in 3 countries have applied for the 2016 Startup Express Winter Season. The top 12 teams selected through a screening process presented their business items. The 2016 Startup Express Winter Season includes idea presentation and Q&A session. The judges chose four teams, which are Vlogr (Grand Prize), △B&B Brothers (Excellence Award), △Brave Peach (Encouragement Award), and △GridaZip (KUBS Research Association Award), based on the following criteria: △Creativity, △Marketability, △Business Feasibility, △Research and Analysis, etc. Vlogr (Grand Prize) B&B Brothers (Excellence Award) Brave Peach (Encouragement Award) Grineun (KUBS Research Association Award) The grand prize winning team, Vlogr, developed a video editing sharing platform, an app that helps people intuitively use video clips, as their business item. “Although videos are influential, people tend to have trouble delivering meanings in a video due to the difficulty of using editing tools,” Vlogr CEO TaeJun Lee (Business Administration, 11’) said. “As we are now living in the new media generation, I would like to contribute in producing various contents by developing intuitive and easy editing tools.” Meanwhile, the four winning teams of the 2016 Startup Express will move into Iljin Center for Startup Incubation in January. After moving in, the teams will not only receive budget for operation expenses and systematic startup education, but also continuous advice and support from mentors, composed of alumni entrepreneurs, industry experts, and venture capitalists. The other five teams recognized as having potential for development – △TICON, △CANVAS, △PrismStone, △Clickmation, and △Yein Company – will also move into the Iljin Center and continue their startup business.