• Among Private Universities in Korea, KUBS Produces the Largest Number of CEOs in Top 500 Companies
    KUBS Produces the Largest Number of CEOs
  • Share Your Admission Success Story! — the Entering Class of 2017
    Share Your Admission Success Story!
  • KU Tops among Korean Private Universities in QS World University Rankings by Subject
    KU Outperforms Korean Universities in QS
  • Summer 2017 Global Internship Application and Schedule
    Summer 2017 Global Internship
  • 2017 KUBS Full-time MBA Admissions
    2017 KUBS Full-time MBA Admissions Open

    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 (☎ 02-3290-5365).

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).
Apr 17, 2017
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.
Apr 03, 2017
[Global CEO Special Lecture] ETRO CEO Choong-hee Lee
[Global CEO Special Lecture] 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 about business direction of the future, taking advice from young leaders, and insights about 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).
Mar 17, 2017
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.  
Mar 15, 2017
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.
Mar 15, 2017
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 (hyunlee@korea.ac.kr).
Mar 14, 2017
[Interview] Startup Express: Winter Seasons – Winning Teams (Vlogr, B&B Brothers, Brave Peach, and GridaZip)
The young entrepreneurs pitched their business ideas and fiercely competed at the 2016 Startup Express: Winter Season. Of the 43 teams, △Vlogr (Grand Prize), △B&B Brothers (Excellence Award), △Brave Peach (Encouragement Award), and △GridaZip (KUBS Research Association Award) were recognized for their excellent business items and won the competition. The four teams have moved into the Iljin Center for Startup Incubation, located on the second floor of KUBS Main Building, and are focusing on their startups. <KUBS Journal> interviewed the two teams to hear more about their business items and future plans. ▶ Related article: “KUBS Startup Institute Selects Its 2nd Teams…"Startup Express Winter Season”   Grand Prize (First Place) - Vlogr   “Videos can fully convey people’s lives. We want to help people caption and share their daily life instinctively and conveniently using Vlogr.” The motto of Vlogr (CEO TaeJun Lee, Business, ’11) is making video editing instinctive.   Vlogr, which is a combination of the word “vlog (also as known as video blog)” and “er (indicating a user),” is based on a video editing app. Vlogr aims to lower the entry barrier of video editing programs through instinctive and automatic functions.   “Many people want to share daily moments of their lives, not professional videos. However, the exiting editing programs are difficult use because there are so many complicated functions. So, our team wanted to help people use an editing program as intuitive as possible and make their video contents even better.”   Excellence Award (Second Place) - B&B Brothers     “We want to help people keep things organized effectively using Internet of Things (IoT).” B&B Brothers (CEO Jae Hyun Park, Public Administration, ’04) aims to expand the existing ERP (Enterprise Resource Planning) system to medium sized businesses by utilizing a basket-shaped storage platform “Stack (a tentative name).” <B&B Brothers>, which started out as a household goods manufacturer, hit a wall in the highly competitive manufacturing market. So, the team devised an idea to combine household goods with IoT.   “Most IoT services are applied to home appliances. Even conglomerates are only concentrating on developing home appliances. However, if we think a little further, household goods with IoT can be used in many different places, such as small shops and homes.”
Mar 16, 2017
[Introducing KUBS Faculty Publication] Prime Broker and Hedge Fund
Introducing KUBS Faculty Publication | Prime Broker and Hedge Fund – Professor Ji-Woong Chung What Effect Does Prime Broker Have on the Hedge Fund?   A joint research paper titled “Prime Broker-Level Co-movement in Hedge Fund Returns: Information or Contagion?,” by Professor Ji-Woong Chung at Korea University Business School (KUBS) and Professor Byoung Uk Kang at Hong Kong Polytechnic University, is published on the Review of Financial Studies.      Prime broker is an indispensable financial intermediary in the hedge fund industry. Compared to regular brokers who simply make orders for clients, prime brokers provide a variety of services such as securities lending, financing, clearing and management/settlement, risk management to hedge fund clients. The relationship between the prime broker and hedge fund is often compared to marriage, and it would not be an overstatement to say that hedge fund operation is impossible without prime brokers. After the legalization of hedge funds in the mid-2000s, business circles and supervisory authorities in Korea have been putting much effort to develop the prime broker industry.   In this research, the research team analyzed how the prime brokers affect the investment behavior of their hedge fund clients. On the first half of the paper, they documented strong co-movement in the returns of hedge funds sharing the same prime broker and later investigated which attributions of the funds and prime brokers underlie this co-movement of returns.   The research team tested various hypotheses on the causes of the return co-movement. Among those, the common information hypothesis where the co-movements were the results of the common investment information provided by the same prime broker is supported the most. Prime brokers find information about various investment opportunities through in-house research or using their network, and share them to their client hedge funds. These industry practices seem driving the return co-movements among client hedge funds. Also, funds with stronger co-movements show higher returns. However, the authors cannot observe how the information is created, acquired, and shared, so the research team does not know if this information is legally acquired. The return co-movement can also be driven by the fact the prime brokers expose their clients to “the common risk.” During the early phase of the financial crisis, Lehman Brothers went under bankruptcy, and simultaneously, many of its hedge fund clients also experienced unusually high rate of failures. This “contagion” has happened because Lehman Brothers could not finance their clients properly, client hedge funds had to fire-sell their assets and suffered huge losses. However, the study shows that this contagion story is not the main cause behind the return co-movement especially during non-crisis periods. The results of this study also have important policy implications. For the purpose of monitoring systemic risk and illegal investment practices in the hedge fund industry, it seems helpful for regulators to cooperate with prime brokers. 
Mar 14, 2017
[Success Stories] Jong Yoon Nam (Business, ’08) & Juyong Baek (Business, ’08): “Find a Job That Fits Your Skills and Interests”
[Success Stories] Jong Yoon Nam (Business, ’08) & Juyoung Baek (Business, ’08) “Find a Job That Fits Your Skills and Interests” Jong Yoon Nam (Business, '08) 1. Before getting ready to find a job I have joined Samchully City Gas Business this year and am in charge of Policy and Systems at the Business Support Team. I have a double major in Business Administration and Sociology. I personally think the most helpful experience in finding a job was participating in a business academic society. I was able to develop my logical thinking through industry-academia seminars and projects and also had an internship opportunity. I have experienced my field of interest directly and indirectly.   2. The reasons I chose this company Due to the nature of the city gas business, the company is quite stable. I also heard the overall welfare of the company is favorable. Although my main task is planning, it is different from business planning and more related to law. My job is attractive because I can lead the company’s growth by changing something. In addition, I think our team is in charge of the most central tasks in the company. Among many projects at Samchully, the most important business is city gas, and “Business Support Team” is on the forefront of the city gas business. I strongly believe this experience will be a stepping stone for my growth journey. 3. Cover Letter (Personal Statement) When writing my cover letter, I received help from the people in the related field and made a habit of collecting the most up-to-date issues to understand the job. I wrote my cover letter multiple times and asked my friends and the Career Development Center to proofread it.   Juyong Baek (Business, '08) 1. Before getting ready to find a job  I work as a credit analyst in the Business Finance Department at BNP Paribas CIB, Seoul branch, the French largest bank. During my undergraduate, I joined the Value Investing Academic Society for 6 months and studied about the listed companies and industries in KOSPI. This has led me to participate in internships at Fitch Ratings, which is an international credit analysis institution, and BNP Paribas CIB. These internship opportunities helped me find my specific career path. I was able to overcome my shortcomings by taking practical advice from the business world. When applying for an international financial company, it is difficult for entry-level job seekers to have competitiveness as companies prefer experienced candidates. An internship is a good way to accumulate business knowledge and enhance competitiveness.   2. Describe your job duties I analyze financial statements of major firms and multinational groups located in Korea and assess the internal ratings and industry reports in order to assist companies to start business. 3. The reasons I chose this company I’ve always had an interest in Finance and Accounting during my undergraduate studies. I enjoyed analyzing companies and industries. With that being said, a credit analyst was an attractive job to me because they analyze different dangers of the company and assess appropriate ratings to help diverse stakeholders in making decisions. As BNP Paribas CIB is an international company and was selected as the world’s best bank, I had an expectation that the company can develop me through systematic systems and education.
Mar 14, 2017
[Global Internship Program Student Interview | CJ China] “I’ve Grown One Step Further by Learning Business and Culture in China”
Global Internship Program Student Interview | CJ China “I’ve grown one step further by learning business and culture in China” – Je Hoon Lee (Business, ’11)     I applied for the Summer 2016 Global Internship and worked as an intern for a month at the Business Development Team of CJ China, located in Beijing, China.   I have been interested in the KUBS Global Internship since 2015. From then on, I kept track of the program information, such as the application period, internship locations, available companies and positions. During the semester, I read the student stories on the KUBS website and seek advice from my friends who have already participated in the program. Even though the internship opened in summer when I had to dive into the job-search market, I wanted to get an internship overseas, particularly in China, to develop my global perspectives. I decided to apply for the intern position in the Business Development Team because I was greatly interested in business strategy since I joined “EGI,” which is a business strategy academic society at KUBS.   As CJ China is in charge of various CJ subsidiaries, I was able to receive job training in diverse fields of business. In fact, I had the chance to experience multiple tasks from researching Chinese markets to planning and developing new business items. I also got to communicate with the subsidiaries and local Chinese companies. In my team, there was the “Mentor-Mentee System” where interns can work on various projects. For example, I researched the effect of “THAAD Deployment to Korea” on CJ Group. Then, I collected the information on the Chinese market trends, which will be used for the company newsletter called “Biweekly.” I also got to work on the Joint Venture with Jingdong. Most co-workers can speak a little Korean, but all meetings were conducted in Chinese. So, it is important that interns should be fluent in Chinese in order to avoid miscommunication.   The working hours were from 8:20 a.m. to 5:30 p.m. After work, I traveled around various places in Beijing. During weekends, I visited historical sites in Beijing. If time allows, I recommend going to the suburban regions in Beijing. I once went to Gubei Water Town and Simatai Great Wall, which were 2 hours away from Beijing. The places left a deep impression on me.   The three major programs that help students develop global perspectives are (1) Student Exchange Program, (2) International Case Competition, (3) Global Internship. I was lucky enough to participate in both International Case Competition and Global Internship. The Global Internship was such a great opportunity for me to experience real-life tasks overseas. There are not many opportunities available where a student can research international markets in a different country and work with local employees. A domestic internship is a good experience too, but I believe the Global Internship is a great challenge to undertake. Lastly, I would like to thank KUBS, CJ China, and KUBS alumni who have supported us.   Je Hoon Lee (Business, ’11)
Mar 14, 2017
[Study Abroad | Student Stories] Great Time with Wonderful People and Nature
[Study Abroad | Student Stories] Great Time with Wonderful People and Nature   I went to HEC Montreal, which is located in Montreal, Canada, in Spring 2016 Semester. There were a lot of exchange students, and I was really thankful to local students and professors for their consideration and respect.       At HEC Montreal, students must take at least 4 courses each semester. Also, they are allowed to register for a maximum of 5 courses. Since the official language of Montreal is French, most courses are taught in French. Some courses are conducted in English and Spanish. Exchange students can register for one additional language course each semester. Each class meets for three hours, once a week for 12 weeks. So, students must study on their own if they want to keep up with classes. For each course, I spent 3 hours on preparing for upcoming classes and 9 hours on reviewing the previous study materials every week. Here are the courses I took at HEC Montreal: International Management The professor passes out case analysis of global companies each week. International students team up to share other countries’ information and prepare for presentations. Ethic and Regulation in the Investment Industry This is a Finance course which allows students to come up with the best outcomes considering real issues in Quebec, Canada. Students have the opportunity to learn about the actual laws in Quebec and figure out which regulations can solve financial issues.   International Economic Environment In this course, students can analyze global economic development and environment using a financial report. They can also analyze how each continent adapts to an international environment.   The Welcome Week is a program designed for exchange students at HEC Montreal. There are events where students can taste traditional food in Quebec and experience winter sports, such as snow tubing and skating. The price for the program is about 250 CAD.   In addition, there is an on-campus club called “HEChange” which assists exchange students. When students have problems on their study or school life, they can easily ask for a help. Montreal is located in the southeast side of Canada and is close to Toronto and New York. So, students can travel to eastern Canada and United States conveniently. Also, Canada is one of the easiest countries to travel to Cuba. Although I was not able to visit Cuba because I had a temporary residence visa, most of my friends went to Cuba.   The things that I remember the most are the fresh air, blue sky, and wonderful locals. The five months I spent at HEC Montreal was a short period of time, but it has become the most precious time of my life. Tong Yan Yan (Business, ‘13)
Mar 14, 2017
[Interview | New President of KUBS Alumni Association] “Fortitude and Tenacity Are the Ways to Become a Good Leader”
[Interview | New President of KUBS Alumni Association] – Halla Group Chairman Mong-won Chung (Business, ’74) “Fortitude and Tenacity Are the Ways to Become a Good Leader”   Since its first graduation in 1907, Korea University Business School (KUBS) celebrated its 110th anniversary. Alumnus Mong-won Chung (Business, ’74) was appointed as the new president of KUBS Alumni Association. President Chung has been leading Halla Group and made significant contributions in building the foundation of Korean economy, as well as enriching human life. He also was selected as “the 35th Alumni of the Year” last year. <KUBS Journal> introduces President Mong-won Chung’s passion in the past, present, and the future.   Halla Group Chairman Mong-won Chung (Business, '74)   Q. You are the Entering Class of 1974 and a living witness to the history of KUBS. We would like to know some of the memorable episodes of your college life.   As you know, I went to school during the era when the economy was growing quickly and the numerous political issues were raised simultaneously. At that time, college students often participated in protests and I have some related memories as well. I remember having a discussion on the future plans for the KUBS students all night long. I also remember the time I was bewildered by the fact I was unexpectedly at the forefront of the rally. My parents scolded me for going out for a protest. One of the protest leaders back in those days is still a good friend of mine. I also met my lifelong friends during my undergraduate years. The eight of us became close after going out for a blind date with girls from another university. We are still close friends and will continue to cherish our relationships. Q. You are leading Halla Group in various fields such as construction, automobiles, retail, service, investment, education, and sports by accumulating experience and technology. What is the most important philosophy you hold while running the company. I would like to say that there are three important points to running a company. The most important of all is for the leaders to grow the insight which can be used to anticipate what are ahead. To do this, you have to stay alert. You have to continously observe the trends in the world and diverse changes in the industries while coming across new experiences and always trying to think deeply. The second point is to establish the company’s system and processes. You need to build a consensus among employees about the company’s plans, evaluate them on a rational basis for their work performance, and establish a system that fairly compensates them for the results. You also need to introduce a process that will advance the way you work and encourage the spirits of “Work Together”. The last is to acquire resources. Important keywords here would be “People”, “Funds”, and “Establishment of the Right Corporate Culture.” Among these, I think “People” is the most important, which leads me to focus on making the right environment where people can work well. Q. Many students are challenging themselves to establish startup companies. What would be an important quality to attain for students who dream of becoming the future CEOs? Primarily, to succeed in business, you have to put in enormous amount of effort yourself before anything else. Then, you have to create diverse and constructive networking and utilize social systems and supporting policies to the advantage of your business. Clear vision is the core component in running business. The vision will bring you passion which will be followed by efforts. However, this is not as easy as it sounds. Thus, wouldn’t it be important to endlessly challenge and build fortitude and tenacity while you are in school? I hope that you become a person who dreams, believes in that dream, and makes it come true. Q. Please give words of advice to KUBS students. I know that right now is a difficult era for youths where they can barely prepared for the society's minimum requirements. Even during these hard times, I encourage you to experience a lot of everything and anything. Always contemplate, travel much, and meet diverse people. No matter what it is, new experience will become valuable assets to you. Try and fail, and overcome that failure. Through such courses, you will form your own frame of thoughts, which will help you become a good leader.
Mar 14, 2017