• Startup Demo Day "CHOO CHOO DAY"
    Startup Demo Day "CHOO CHOO DAY"
  • Korea University Selected for “Leaders in INdustry-university Cooperation (LINC+)”
    KU Selected for LINC+
  • 2017 Citi-HKUST International Case Competition - KUBS Student Participant Application
    KUBS Team Representative for 2017 CICC
  • KU Tops among Korean Private Universities in QS World University Rankings by Subject
    KU Outperforms Korean Universities in QS
  • KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey”
    No. 1 in “2017 AMP Preference Survey”

    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. 
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.“  
May 19, 2017
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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.
May 18, 2017
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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.”
May 10, 2017
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The Enneagram: the Opportunity to Look into Yourself before Job Search
The Enneagram: the Opportunity to Look into Yourself before Job Search “The Enneagram is a way of getting to know ourselves one step closer”   On April 14 at 2:00 p.m., the Spring 2017 Undergraduate Career Development Program “Understanding Yourself Seminar: Enneagram” was held at Cuckoo Hall in LG-POSCO Building. The Enneagram, one of the personality analysis tool, is from the Greek words “Ennea (nine)” and “Grammos (drawn).” The Enneagram is an adequate self-assessment program that addresses “how I perceive the world,” “what decision would I make under certain circumstances,” “what are my values,” etc.   The title of the lecture was “9 Personality Types that Understand Myself and the World.” “Before building specs (derived from the word “specifications”), understanding yourself is the top priority,” said lecturer Hyunjoo Choi while explaining the importance of understanding oneself. “You will have an eye to understand yourself better.” Each person has a frame of particular personality. “One can grow if he is set free from his own frame and develops himself. However, although most people have the key to unlock the door, they are not striving to open it,” she added. “Just as you watch a play or movie, taking one step behind and facing yourself is the beginning of understanding yourself.”   The participants had time to think about what kind of person they are. They wrote down their nickname, motto, role model, strength, and weakness to understand each other. Afterwards, the “Finding Your Enneagram Type” test was conducted. Lecturer Choi gave personal growth recommendations based on one’s traits that were analyzed through Enneagram Type 1 to 9. For instance, the one with the Enneagram Type 7 “the Enthusiast” believes there is always a better option out there and thus always pursue happiness. “As types sevens speed up their pursuit of whatever seems to offer satisfaction, people tend to misunderstand them as an escapist. So, sevens must realize that they do not have to have everything this very moment,” lecturer Choi advised.     “Each personality has both healthy and unhealthy sides,” said lecturer Choi after completing the test. “If people think that they are close to the healthy side, they generally believe their personality is good and vice versa.” Diving personality good or bad is meaningless. “In the Enneagram, a person has a supplementary type called ‘wing,’ adjacent to one’s primary type. As you understand a blend of the two types and check your personality healthiness, you can find your personal growth and intrinsic quality,” she added.  “Because I am a second year student having concerns on the future career, I have decided to join the program to get help,” said Seoyeon Lee (Business, ’16) who attended the lecture. “The Enneagram has helped me understand myself even better.
May 10, 2017
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A Paradigm Shift in an Era of Low Growth and Uncertainty” – EMBA Care Program by KUBS Dean Soo Young Kwon
EMBA Care Program by KUBS Dean Soo Young Kwon “A Paradigm Shift in an Era of Low Growth and Uncertainty”   On April 14 at 7:30 p.m., The 2017 EMBA Care Program (Continuing Alumni Reaching-out & Education) was held in room 433 of LG-POSCO Building. KUBS Dean Soo Young Kwon gave a lecture on “A Paradigm Shift in an Era of Low Growth and Uncertainty” for about an hour and fifteen minutes. A total of 40 participants including advisor Hyun Sang Yoon, Program Director Jae Uk Chun, and the 13th Class of the EMBA, were present. Recently, the entire world is mired in a low-growth slump,” Dean Kwon said. “I hope this session will help us think and find out what we can do in this regard.”      The lecture was presented in the following order: △Company Life Cycle, △An Era of Low Growth and Uncertainty, △Growth Paradigm Shift, and △Strategies to Be a Sustainable Company. “Recently, the company life cycle is getting shorter,” Dean Kwon said. “Only 29 percent of new businesses in Korea survived five years or more.” This negative trend occurred globally and not just in Korea. The situation is not much different with global companies. Dean Kwon said that the reasons for the short company life cycle is “long-term low growth” caused by slow economic growth and decline in international oil prices.      The most serious malaise is the “interest rate increase.” The increase in the benchmark interest rates leads to capital outflows of emerging countries, and this impacts the possibility of fluctuating currency exchange rates — just as the Latin America debt crisis and the Asian currency crisis. A country with high dependence on debt and weak economic growth is more likely to face a crisis. “A paradigm shift to drive the change of economic structure is necessary in preparation for external shocks, such as currency and interest rate risks,” Dean Kwon mentioned.      “Things that we just imagined in the past are becoming real in an era of uncertainty,” he said. “This is why we have to beef up our agility.” Companies that simultaneously possess two types of agility — strategic resilience and organizational resilience — can overcome a crisis. Resilience is the ability to bounce back to the prior level of performance and have strengthened competitiveness than prior to a crisis. “Having the ability to read the future as well as momentum to overcome calamity will normalize your business and sustain its growth.”     In order to be a sustainable company, Dean Kwon emphasized the three key strategies: △communication and analysis, △cooperation and win-win, and △determined and continued momentum. He believed that it is important to overcome internal and external obstacles and risks through innovations, such as restructuring and new product development, and to have a driving force to respond to changes in the external environment. “The most significant thing in an era of low growth and uncertainty is making your conditions favorable to you,” added Dean Kwon at the end of the lecture. “You can overcome external difficulties if you do not give up and move forward.”        “This issue is applicable to everyone who will live through an era of uncertainty,” said Yeo Dong Yun, president of the EMBA Alumni Association, who attended the lecture. “The lecture was informative as Dean Kwon analyzed the phenomena and provided direction for the future.”     The EMBA Care Program allows graduates to continue their studies even after graduation, as well as expanding a network with current students. Each lecture covers a variety of topics based on social issues, including business and history.
May 10, 2017
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[Interview with AMBA Program Director Jaiho Chung] The Best Choice to Build Your Career in Asian Market
Interview with AMBA Program Director Jaiho Chung “The Best Choice to Build Your Career in Asian Market”   The S3 Asia MBA Program (AMBA) at Korea University Business School is an Asian-specialized MBA Program jointly operated by Korea University Business School, National University of Singapore (NUS), and Fudan University (Fudan). Established in 1905, all three universities have a long, unique history and known as the most prestigious universities in business education.   To complete the program, students need to study at each university located in Seoul, Shanghai, and Singapore. For this reason, “S3 (S cube) Asia MBA” is named after the initials of the three cities. Not only Asian students from Korea, China, Singapore, India, etc. but also European students who are interested in the Asian market are enrolling the AMBA. As students can study in the major cities of the Asian economy while experiencing its local market and culture, the AMBA is the best choice for those interested in Asian business.   We would like introduce the benefits of the AMBA through the interview with Professor Jaiho Chung, who is Program Director of the program. “If you want to pursue an MBA overseas and use it in your career, you need to think about which of the two regions — America and Asia — will be beneficial to you,” Professor Chung said. “The AMBA is the most advantageous program for those who wish to continue their career in Asian markets, such as Singapore and Hong Kong.” Please briefly tell us about yourself.   I have been serving as Program Director of the AMBA at Korea University Business School since 2016. I graduated from Seoul National University with a Bachelor’s degree in Economics and received my Ph.D. in Economics from Harvard University. I served as an Assistant Professor at the National University of Singapore from 2001 to 2007. Now, I teach International Finance and International Business at Korea University Business School since 2007.   You have been Program Director of the AMBA since last year. Please briefly explain about the AMBA. The AMBA aims to train business experts specialized in Asia. It is suitable for experiencing and understanding local culture because you get to study in the three countries including Korea, Singapore and China for a year and a half. The program has a total of three semesters. During the first semester, you study basic business courses at Fudan University. Then, you take major course like Marketing Strategy Operation at Korea University. NUS offers strategic courses as well as many other electives. Tell us about Fudan and NUS which jointly operates the AMBA with KUBS. While the north of the Yangtze River has the Peking University, the south of the Yangtze River, where Shanghai is located, has Fudan University. Beijing is the center of Chinese politics, and Shanghai is recognized as the center of economy and culture. Fudan has about 120 full-time professors, and its Executive MBA Program is ranked 40th worldwide in the FT Rankings. The university is currently constructing the new buildings, so students entering next year can study in a better environment.   ▲View of Fudan in Shanghai NUS is the best in Asia, a prestigious business school ranking within the world’s top 10. The NUS Global MBA and Executive MBA are ranked 27th and 17th worldwide in the FT Rankings, respectively. NUS also has about 120 full-time professors and is well-known for having the world’s top 10 research capacity.   ▲View of NUS in Singapore You said the AMBA is jointly operated by the three schools. What degrees will students receive from the AMBA?  What are the requirements for obtaining a double degree? After successfully completing the curriculum, you can receive two degrees – one from your home university and another one from one of the two host universities. For example, if you are admitted to Korea University, you can earn an MBA degree from Korea University and another MBA degree from either Fudan or NUS. Although Fudan does not request additional requirements, you must have a GMAT score of 630 or higher to earn a double degree from NUS. You might think this score seems high but a two-year, full-time MBA program (4 semesters) at NUS requires at least 670. The AMBA has the benefit of earning a double degree with the relatively relaxed standards. In terms of the opportunity cost, you can complete the program within 1.5 years. Also, having the opportunity to move around the three cities sounds already appealing than staying in Singapore for two years, which could be a bit boring.   Tell us about the new student selection process of each university. What are the important qualities when selecting new students? Each university selects students based on their nationality. Fudan selects students from △China, △Hong Kong, and △Macao, and NUS selects from South East and South West Asia including Singapore. KUBS selects Koreans and Japanese. American and European students will be selected by KUBS and NUS. All applications are evaluated based on an applicant’s specific career path and one's interest in Asia business. During the interview, it is important to talk about your ultimate goal, active attitude to maximize the effects of the MBA program, and specific plans after graduation.   Students will be studying in the three cities – Shanghai, Seoul, and Singapore – in the AMBA. How do they adapt to each city? All students can stay in a dormitory at KUBS and Fudan. At NUS, students can live in the faculty dormitory, which is shared by three or four students, in front of the Main Gate. Some students choose to live off-campus and rent an apartment. Chinese, Korean, and Singaporean students will help you adapt to your new surroundings abroad. One of the great advantages of the AMBA is that you get to study abroad with your class every six months. So, you would feel like you’ve made a new family when you graduate.   Career development is significant for students of a full-time MBA program. What services does the AMBA provide? KUBS provides career services through its Career Development Center called Career Hub. In addition, NUS and Fudan run their own career development centers as well as providing career services along with the alumni network. In particular, NUS has 20 staff members of the Career Development Center who work with MBA graduates, so you can take great advantage of this career service. Also, if you are planning to get a job or running business in Asia, you can receive career services provided the three countries and utilize the alumni network.   As being Program Director of the AMBA for the past year, what are some strengths of the program? In the past, MBA programs in the United States were popular. One of the reasons that students choose an MBA is because of their career. However, it is not easy for Asians to get a job in a western country after receiving an MBA degree in the U.S. and Europe. This is why more and more people want to complete an MBA in Singapore, Hong Kong, China, and other Asian regions, and find a position in Asia’s emerging markets. I believe the AMBA, which is an Asian-specialized program, is an excellent option to provide job opportunities in Asian markets. Another strength is that you can earn the most degrees within the shortest period of time. While the most full-time MBA programs run for two years, AMBA students can receive two degrees in a year and a half and build an effective career path.     What areas and markets do AMB graduates mostly pursue? AMBA graduates pursue in diverse areas. If students plan to get a job in Asian markets, they often spend their last semester in Singapore and stay there to look for a job. In addition, there were some cases where students continue their career in Indonesia, China, Hong Kong, etc. Most recently, one of the AMBA students got a position at Medytox, a pharmaceutical company in China. Moreover, many students who run their business in Asia are joining the AMBA. Some continue their business or develop a startup. The important thing is that you can get information about any areas you would like to pursue by using the network of the three universities. Who gets the greatest benefits from the AMBA?  Those who want to build a solid network in Asia, such as China and India, will get the greatest benefits. A large-scale MBA program usually ends with a network consisting of only a handful people. The AMBA offers you the strongest network while traveling around the three cities with your class. Because of this, I strongly do not recommend this program to those seeking for a job in a conglomerate. Students who aim to advance into an Asian-centered global company or to start a business targeting Asian markets will be most satisfied.     Do you have any words of advice for students looking to pursue the AMBA?   Since all AMBA courses are conducted in English, you must work with your English skills. Also, you can make the most valuable assets in the AMBA only if you set an ultimate goal after graduation and develop specific plans for the future.
Apr 18, 2017
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[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
456
[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
379
[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
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[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
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[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
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