KUBS News

박명섭, 문형구 교수 정년퇴임식 열려
Professor Park Myung Sub and Professor Moon Hyoung Koo's Retirement Ceremony Held The retirement ceremony for professors who have worked at Korea University Business School for a long time was held at 6 p.m. on August 28 at Ahn Young-il Hall of LG-POSCO Building. The retirement ceremony was prepared by KUBS to celebrate the honorable retirement of Professor Park Myung Sub and Professor Moon Hyoung Koo, who has been with KUBS with their long-lasting love and passion. The event was attended by several fellow professors and staff, including Park Myung Sub and Moon Hyoung Koo, who are to retire from the school.   The first order was to introduce the two professors who are to retire. Professor Park Myung Sub's introduction was led by Professor Shin Ho-jeong of the LSOM sector, and Professor Moon Hyoung Koo's introduction was led by Professor Kim Young Kyu of Management sector. Professor Park Myung-sub majored in trade at Korea University, earned a Master's degree in Economics from Virginia State University in the U.S. and a doctorate in Business Administration from the University of Texas. Since then, Park first taught at Kansas State University in the U.S. in 1987, and has been a professor at KUBS since 1990. Professor Moon Hyoung Koo majored in English at Seoul National University, earned a Master's degree in Business Administration from Yonsei University and a doctorate in organizational behavior from Minnesota University in the U.S.. Moon has taught in KUBS since 1993.   "I had been taught by Professor Park Myung Sub in my undergraduate years, so I feel much more emotional," said Professor Shin. Professor Kim Young-gyu said, "Professor Moon Hyoung-koo is like a mother of our major," and added, "He has a warm and healthy smile, and he has always given love to not only us professor but also the students as well."   Then there was the order in which a thank-you prize was delivered. Kim Jae Wook, Dean of KUBS, delivered a plaque of appreciation to the two professors, which is by Korea University and the professors of KUBS. Kim Jae Wook expressed regret by letting the two professors leave. "As juniors of them, I am very grateful for them," said Kim Jae Wook during his retirement ceremony. He added, "Professor Park is the one who led the LSOM field at Korea University Business School, and Professor Moon Hyoung-koo has a deep affection for the school as he has so far led the cheering squad." Lastly he said, "I feel emotional being here; I hope the two professors don't forget about our school and continue to pay attention to our school."   The ensuing retirement speech showed the professors' love for and pride in school. After their retirement speech, a cake cutting ceremony and a toast ceremony followed. The professors and guests celebrated their retirement by sharing their memories with professors Park Myung Sub and Moon Hyoung Koo.  
Sep 04, 2019
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Inbound and Outbound Orientation for Exchange Students in Fall, 2019
Inbound and Outbound Orientation for Exchange Students in Fall, 2019     Inbound and outbound exchange student orientation for the fall semester of 2019 was held at Ahn Young Il Hall and Cuckoo Hall of LG-POSCO Building on August 29(Thu). The event was attended by 115 exchange students from 56 schools in 20 countries, including China, Australia, the U.S. and Spain, 50 preliminary applicants for the KUBS SEP exchange program to be  dispatched in the spring semester of 2020, and KUBS Buddy. The orientation began with students at KUBS having time to interact with students from the exchange schools to be dispatched in the spring semester of next year. While KUBS students received practical information about the dispatched schools, foreign inbound exchange students received practical information about Korea University, followed by pleasant and informative conversations.   As for the outbound orientation, information session was held regarding the preparation procedure before dispatch, such as submission of additional documents, application for classes, visa issuance, and the grading of exchange students. "We welcome you to Korea's top business school, Korea University Business School," Professor Martin Hemmert said in a welcoming speech at the inbound orientation. He went on saying, "You will experience practical lectures here with a high level of students in an optimal environment, not a traditional and boring class." After the welcoming speech, foreign exchange students had time to promote friendship with the help from KUBS Buddy. KUBS Buddy is an organization under the KUBS International Office, and is conducting promotional activities to inform foreigners of Korea University Business School.  
Aug 30, 2019
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Global MBA & Global MIM, Welcome to KUBS!
Global MBA & Global MIM, Welcome to KUBS!   The 2019 Global MBA, Global MIM (G-MBA, G-MIM hereafter) Welcome Ceremony and Orientation were held at SUPEX HALL, LG-POSCO Building on August 23. About 60 freshmen and faculty members including Dean Kim Jae Wook, Professor Shin Hojung and Professor Kim Kwanghyun attended the event. The orientation was held for two days and one night, including both the On-campus Orientation and the Off-campus Orientation held at COEX Intercontinental Hotel in Seoul.   First, the event began with Dean Kim's welcoming speech for freshmen. "KUBS has a very deep history of establishing an MBA program for the first time in Korea," said Dean Kim. "I hope your experiences are not limited to those within school." He also welcomed the freshmen, saying, "I wish you all a good luck because you will be able to become global leaders." The subsequent On-campus orientation sessions for G-MBA and G-MIM were held at Hyundai Motor Hall, Room 403 and 412 respectively. The G-MBA orientation was conducted by Professor Shin hojung, while G-MIM orientation was conducted by Professor Kim Kwanghyun. Each orientation was conducted by its principal professor, who guided the introduction of courses, schedule of academic affairs, gradings and graduation requirements.     Students later headed to the COEX Intercontinental Hotel in Seoul for a two-day off-Campus orientation. While on the move, freshmen experienced Korean culture by conducting group missions such as visiting representative locations in Seoul and purchasing souvenirs. After dinner together, students held a makgeolli drinking ceremony (sabalsik), a culture of Korea University, to build friendship and strengthen their sense of belonging. Then on 24th, a small souvenir was given to a group that presented the previous day's group mission. Wrapping up the two-day orientation, G-MIM Professor Kim Kwanghyun said, "It was spectacular to see you with different cultures and languages cheering together under the name of Korea University. I hope you all rely on each other and do your best to complete the course successfully." For more information on G-MBA and G-MIM courses, visit the Korea University Business School website at https://biz.korea.ac.kr, or contact us at 02-3290-5365.  
Aug 27, 2019
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Pre-MBA Career Day for Global MBA Freshmen
Pre-MBA Career Day for Global MBA Freshme     "Pre-MBA Career Day," hosted by the Career Development Center of Korea University Business School, (Dean: Kim Jae-wook) was held on August 22 at Hyundai Motor Hall Room 403. The Pre-MBA Career Day, one of the most essential sessions of the 2019 Global MBA freshman Career Acceleration Program, is designed to help freshmen manage their careers and get job support.   First of all, the event began with the introduction of the Career Development Center and career development programs by Woo Jin-hwa, an employee of the Career Development Center. In the lecture that followed, Research Direct International (RDI) Worldwide CEO Gordon Dudley gave a speech on the topic of "Strategic approaches to the career." "I was also a Global MBA student like you 10 years ago," he said. "I worked at a Korean securities firm, though I’m from the U.K, and established an investment firm called RDI Worldwide after the G-MBA program."     He then asked students why they were attending the MBA program and students responded with answers. "It's very important to have a clear reason for a particular decision," Gordon Dudley said. "It's because it's the driving force and the sustainability of our efforts to achieve that goal." The process of building a career is not a sprint; it's a marathon," he said. "That is, studying for two years with an MBA may not bring the reward you want. “In that perspective,” he stressed, “a strategic approach to the career is essential, as it can save time and energy.”   Afterwards, the special lecture has been conducted in a free atmosphere, with identifying the motivation that drives G-MBA students to move by writing a psychological checklist, accordingly setting their own target careers, sharing and exchanging feedback "It was a very busy and difficult time while I was in the MBA program, but it was a very important time," Gordon Dudley said. "I hope you can experience a lot in here because it's the best asset.  
Aug 23, 2019
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Homecoming Day for KUBS Graduates, Class of 1994
Homecoming Day for KUBS Graduates, Class of 1994   The homecoming day for KUBS Graduates, Class of 1994, was held at 7:30 pm on August 20 at LG-POSCO Building. The homecoming day was a special event organized by Dean Jae Wook Kim to encourage alumni members preparing the KUBS Alumni Night event. Attending the event were Dean Jae Wook Kim, Professor Joong Hyuk Kim, Professor Baeho Kim, Secretary-General Sung-ho Oh, and KUBS graduates including Chang-kyu Choi, Gil-sang Choi with 20 other classmates.   "The reason I brought you today is that I wish you have a good time with your alumni, not only to talk about the event, but also to renew each other's friendship," Kim said in a welcoming speech. “KUBS is the first of its kind in the country to hold an alumni night for nearly 40 years, and through this event, graduates are delivering an average of 100 million won worth of scholarships for KUBS students, said Sung-ho Oh, Secretary-General of KUBS. "It's all thanks to the support of our KUBS alumni, and I hope this evening will be a successful one as well."   The Class of 1994 also responded. First of all, Jae-hak Jeong expressed his feeling to visit his alma mater. "Thank you for inviting me to this special occasion," said Jeong. "I will ask for advice from my seniors in the Class of 1993 and work with them to prepare for this year's alumni night." "After graduation, I started to feel the importance of my alma mater, which I didn't know when I was in school," said Sang-mi Lee, Class of 1994. "I hope everyone has a good time today." After the introduction, the participants gathered together to take group photos, enjoy dinner and promote friendship.   The Class of 1994 also responded. First of all, Jae-hak Jeong expressed his feeling to visit his alma mater. "Thank you for inviting me to this special occasion," said Jeong. "I will ask for advice from my seniors in the Class of 1993 and work with them to prepare for this year's alumni night."     "After graduation, I started to feel the importance of my alma mater, which I didn't know when I was in school," said Sang-mi Lee, Class of 1994. "I hope everyone has a good time today." After the introduction, the participants gathered together to take group photos, enjoy dinner and promote friendship.
Aug 22, 2019
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9 Months of Sweat and Effort: The E-MBA ELITE Project Presentation
9 Months of Sweat and Effort: The E-MBA ELITE Project Presentation   The presentation of the "Executive Learning and Interactive Team Excellence" (ELITE) project, which is held by the Executive MBA (E-MBA) of Korea University, was made on August 17th (Sat) at Room 530 of the LG-POSCO Hall.   The event was attended by Yoo Weon Sang, Associate Dean and Program Director at the Graduate School of Business Administration, and Chun Jae Uk, as well as professors Yoo Shijin, Lee Jae-Nam and Rhee Jay Hyuk, who led the project. In addition, Chairman and Vice President of FMASSOCIATES and others related to the businesses of the case studies such as Facilitator, and Kang Hee-ok, President of the Alumni Association, (E-MBA 17th) were also present.     About 70 people attended and listened to the presentation of six teams. Each team shared their preparations with the participants through a 40-minute presentation session. The six teams respectively presented on the topics of △Ways for the "Wearable Smart Glass" to advance into the domestic and overseas tourism markets △ Reading-m growth strategies using direct stores and reading platform, △Market analysis and marketing strategies to revitalize premium traditional liquor, △SENIORBOT's "Elderly-friendly Hyodol" sales and marketing strategies, △Inventing new items using heat blocking multi-films and methods of expanding the domestic market of heat blocking systems, △IoT, AI-based Silvercare platform. This project has been prepared for about nine months since December 2018.   "Though they are veterans of business who have been through a lot of ups and downs in the industry, I can feel the tension in the air today," said Yoo Weon Sang, Associate Dean and Program Director, before the announcement. "I hope you will share the results of your efforts and encourage and praise each other rather than think of it as a competition." "I think Korea University's E-MBA can become a global business school like Harvard's MBA," said Kang Hee-ok, President of the E-MBA Alumni Association. "With that mindset of pride, please present your ideas."     The E-MBA ELITE Project, a unique and distinctive subject of E-MBA at KUBS, involves students directly examining pending issues of sponsored companies and proposing problems to solve practical problems with outside experts.   During the semester, students can take part in solving practical problems, taking the internal problems and direction of change in a rapidly changing society from a management theory perspective. The main purpose of the subject is to develop students into "deciders with independent thinking" and to share with their peers the practical knowledge, analysis and solutions gained by individuals.   사진 확인하기
Aug 21, 2019
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KUBS MBA Holds Graduation Ceremony for Fall 2018
KUBS MBA Holds Graduation Ceremony for Fall 2018     The graduation ceremony for KUBS MBA (Dean=Jae Wook Kim) was held at the Supex Hall of LG-POSCO Building at 3 pm on August 16. Attending the event were Jae Wook Kim (Dean of KUBS), Weon Sang Yoo (Vice Dean of KUBS MBA), and other faculty members. Graduates filled the venue with graduation gowns and master's caps. In total, there were 60 graduates majoring in three majors: Global MBA, Global MIM, and Korea MBA.   After some opening remarks, Professor Yoo said: "KUBS MBA is selected as the best MBA program in Korea by Hankyung Business.” He then talked about the remarkable achievements of KUBS MBA, which opened in 1963 for the first time in Korea.   "I sincerely congratulate all 60 graduates," Professor Kim said at the ceremony. "I hope you will be proud of having completed the rigorous course of KUBS during the past year. The global economic situation is not good, but based on your experience here, I hope you could create an opportunity to grow further.” “You are the most important asset of KUBS," he said. "KUBS will always wait for you to come back and share your experiences in the future."     After the ceremony, the degrees and academic prizes were given. The President’s Award was given to Anika Niemann (Global MBA), and the Dean’s Award was given to Chung-Hoon James Choo (Global MBA), and the Achievement Award to Kim Hyo-young, Park Minhee, Park Sang Min, Yoo Joonwoo, Alexander Charles Wirtz (Global MBA), and Julia Johanna Schmit (Global MIM). All those who attended the event showed their affection for the school by singing the school anthem at the end. Graduates also got up from their seat and threw their master's caps together in the air to celebrate each other. The number of recipients of this year's degree was 41 Global MBA students, 12 Global MIM students, and seven Korea MBA students.   사진 확인하기
Aug 20, 2019
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Advanced Management Program (AMP) 86th Generation Course Completion Ceremony
Advanced Management Program (AMP) 86th Generation Course Completion Ceremony       Korea University Business School Advanced Management Program (hereinbelow AMP) 86th generation course completion ceremony was held on August 12 (Mon) in LG-POSCO Building SUPEX HALL. In this ceremony, KUBS President Jae Wook Kim, KUBS Vice President Weon Sang Yoo, President of AMP Alumni Association Moon-Chan Kim, KUBS Academic Director Bo Kyung Bae, honored guests and about 70 students who completed the course attended. For the first step, President Jae Wook Kim read congratulatory message. President Jae Wook Kim said, “It’s hard to believe that all of you are graduating this fast. I hope you've learned a lot about how your knowledge as a leader can be combined with and applied to the knowledge you've learned in school. I hope you continue your close network with your friends around you, and I ask for your continued attention towards KUBS." As next step President of AMP Alumni Association Moon-Chan Kim congratulated AMP graduates. He said, “Although it might have been tough to work in daytime and study on nighttime, I am very sure that you have learned a lot. I hope our graduates to maintain their love towards our school motto: Liberty, Justice, Truth, and support Alumni Association as well.” Academic Director Bo Kyung Bae’s gratification speech followed. She said, “AMP 87th Generation has a very special meaning to me because this was my first semester in KUBS. Now it is over, but it is also another start. I hope you can improve your knowledge through active networks and communication.” Choong Sub Lim, President of AMP 87th Generation, gave his speech in reply. He said, “We, the 87th generation, became a family by going through the AMP course. We will thrive to become good role models for the next generation through alumni activities.” KUBS President Jae Wook Kim handed out the graduation certificate to the student representative, which was followed by awarding ceremony to graduates. Choong Sub Lim, who participated most actively in Alumni Association was awarded President award, and other ten alumni received achievement award, while other five alumni received an exemplary award. Meanwhile, students who actively and sincerely participated in the program were awarded summa cum laude and cum laude. As for the special prize, class #3 won the "Best Class Award," which is awarded to the class that has formed a more cohesive human network through high participation and active social networking. President of AMP Alumni Association, Moon-Chan Kim, presented the plaque of merit to the Choong Sub Lim, president of AMP 87th generation, and Young Hyun Yeo, the secretary-general, which was followed by a ceremony to deliver admission fees and the alumni association flag. After the 87th generation Association delivered a scholarship of 10 million won to the school, the whole ceremony ended with all of the students throwing their bachelor's caps into the sky. Korea University AMP has produced 4,718 graduates until now for past 44 years, and after the graduation, many alumni actively participate in school works, enhancing the AMP reputation.  
Aug 13, 2019
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Choi Yoon-Joon (Admitted '17, KUBS) Wins the Top Prize in the Real Estate 114 Big Data Contest
Choi Yoon-Joon (Admitted '17, KUBS) Wins the Top Prize in the Real Estate 114 Big Data Contest   Choi Yoon-Joon (Admitted '17, KUBS) won the top prize in the "Big Data Contest" hosted by Real Estate 114 on the occasion of its 20th anniversary. A contest for undergraduates and graduates nationwide, a total of 199 teams applied, and 54 of them submitted their projects, with one team winning the grand prize, one team winning the top prize, and three teams for excellence. The main competition and awards ceremony was held on May 29th at the Pangyo Startup Campus in Seongnam, Gyeonggi Province.   Winner's Interview   최우수상 수상의 최윤준(경영17) 학우 1. You've presented on the topic of "Real Estate Price Trend Forecasting Model Using Machine Learning." Could you please elaborate on your topic? We've created a model that can literally predict the trend of real estate prices by using machine learning. By combining REPS 3.0, a data platform that was provided by Real Estate 114, with the macroeconomic indicators provided by the National Statistical Portal or the Bank of Korea's Economic Statistics System, we predicted the trend of real estate prices in almost every region, including Seoul, Gyeonggi, Incheon, Busan, North Gyeongsang, South Gyeongsang, and Jeju. Machine learning techniques such as Support Vector Machine, Linear Discriminal Analysis, Random Forest, and Artificial Neural Network were used as predictive methods. To give you a specific description of the method we used, we first divided the price change rate data that we wanted to predict into three classes: sUp, Up, and Down. Next, through a graph analysis, we determined whether each column (LTV, DTI, consumer price inflation, turnover, supply, etc.) and class was correlated or not, and only the columns that were significant to the prediction were selected. We used machine learning techniques such as Supervisor Machine, Linear Discriminal Analysis, Random Forest, and Artificative Neural Network to predict whether each of these points belongs to sUP, Up, or Down. Finally, we created the error sequence and ROC Curve to measure the accuracy of the prediction and determine whether the analysis results were significant. 2. Please tell us how you feel about winning the award and some tips for winning. The biggest force for winning is understanding big data, developing insights, and learning data visualization and machine learning techniques through a course called "Basics of Big Data Analysis and Interpretation" by Professor Jung Howon. Based on what I learned from the professor, I was able to participate in many competitions. Also, when I was looking for information on real estate competitions, I was able to get the necessary data without wandering around because I asked Professor Kim Jae-wook for advice. With the help of our professors, we were able to produce analysis reports that included both data and techniques. Not only did we have a solid report, but also with previous experience of winning two awards, we provided a smooth delivery of the analysis. I believe that is why we were able to receive an award. I had been worrying if I could do well in studying big data, but this contest was a very meaningful event because I could yield results that helped relieve my anxiety. I was able to gain the confidence to participate in other competitions without hesitation by continuing to study this field.  
Aug 12, 2019
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