“I Challenged Myself with Confidence” - Kyung Hwan Ahn (Business ’11) passed his CPA while heading KU Cheerleading Squad
“I Challenged Myself with Confidence” Kyung Hwan Ahn (Business ’11) passed his CPA while heading KU Cheerleading Squad Q. Could you introduce yourself to our readers? My name is Kyung Hwan Ahn, captain of the cheerleading squad in KU. I passed the CPA whilst heading the cheerleading team. I was named captain in November 2016, and have been so ever since. Q. Why did you decide to take the CPA? I started preparation for the CPA when I was doing my military service. I entered the ROK armed forces in November 2013. When I was promoted to corporal I decided I wanted to make my service more meaningful. One of the seniors in the camp recommended doing the CPA and thus, my preparation began in June 2014. I continued on with my studies after being discharged and passed the first round of the CPA in February 2016. After deferral, I passed the second round in June 2017. Q. It must have been struggle preparing for the CPA in the army. How did you overcome the difficulties? Frankly, preparing for the CPA in the army was not an easy task. I was assigned to the front line, so it was even more difficult to make time for the exam. In the end, I left the army not having done much preparation. After discharge, I struggled with managing my schedule. To overcome this problem, I tried rewarding myself after having completed my daily goal. I like sports, so I would watch videos of match highlights at the end of the day. Q. I heard that the school helped with the preparation. I was motivated by the others who were preparing for the exam. Having study group sessions with other students was very constructive. We went through most of the materials that were covered in the first stage of the exams. Also, doing mock exams in “Jeongjincho,” a classroom dedicated to candidates preparing for the CPA, was hugely helpful. The business studies courses I took eased my understanding of the CPA materials. I remember taking Professor Seok Woo Jeong’s tax accounting and Professor Joon Young Shin’s intermediate accounting lectures. I often sought council from my advisory professor, Hyoung Koo Moon. Q. I heard that you are the captain of the cheerleading squad. What inspired you to do cheerleading? I was part of the cheerleading squad from 2011 to 2013. Having taken a gap year, I was impressed by the cheering events in the freshmen welcoming ceremony and orientation. Without a moment of hesitation I applied to the cheerleading squad. After my military service, I spent a year in the planning section of the club. When looking back at my time at school, I wanted to contribute to the team because I had gained so much from it. Thus, I applied for the captain position. Q. Was it not difficult managing your time between your studies and club activity? It was a struggle doing both cheerleading and studying. But it was beneficial as well because through cheering, I could relieve my stress that would build over academic work. It was tiring because I found myself running out of time often, but I persevered with the thought of my future career. Q. What do you remember the most during your time as the captain? I cannot forget the results of the annual KU-Yonsei sports competition. I used to imagine what it would be like if KU loses because I thought the disappointment would fall most heavily on the captain. But I was not sad at all when I saw the players who gave their hearts to the games and my fellow squad members. I always had the notion that winning is important, but that changed after the competition. Regardless of the results, every KU student came together to cheer for their teams and that, itself, was an invaluable experience. I would never forget the day when I stood in front of my 20,000 fellow students. Q. Could you tell us about your plans for the future? After this term, I am going on an exchange to Belgium. As the country is the center of transport in Europe, I hope to travel in various places in the continent. After graduation, I intend on working at an accounting firm and become the best accountant in Korea. Q. Could you give your KU students a word of advice? I believe I was able to become the captain and pass my CPA because of my confidence. Coming to KUBS allowed me to erect a life signpost. The confidence that derived from being accepted to KUBS naturally flowed into other aspects and helped me become the head of the cheerleading squad and do well on the CPA. I would encourage other students to be confident and have pride in their school life.
[Undergraduate Career Story] “I Thought About My Future after Attending Alumni Panel Talk, ‘Stories of Alumni’” - Dong Han Woo (Business '09)
Undergraduate Careery Story “I Thought About My Future after Attending Alumni Panel Talk, ‘Stories of Alumni’” Dong Han Woo (Business ’09) - Financial Supervisor Service Q. What are some of the activities that you have done as an undergraduate that helped you to get employed? I am a certified accountant and have worked in an accountant firm for a year, and have now moved to Financial Supervisor Service (FSS). I think my CPA background was the big factor that led me to this institution because the materials I learned during my preparation for the CPA were relevant to the entrance examination I took when applying for FSS. I was also a member of KULSOM for two years and I had gained a lot during my time there. As one of its executive members I encountered the good and the bad with my colleagues. This unique experience gave me a lot to talk about in my personal statement and interview when I was questioned on "resolving conflicts" as I could easily refer to my experiences in KULSOM. I think I found the topic easier than the other candidates did. Q. Why did you choose FSS? I too pondered on the question for a long time. In my first year when I took "Understanding management," I was impressed by the accountants’ role as the watchdogs of capital and their duty to the public good. But as you can see in the news, everything was different from what I had imagined; what I could contribute to the public was quite limited. I thought I could make more of an impact by implementing policies and bringing about changes by working in FSS and hence, I decided to work here. Q. Could you tell us about your work and the firm culture? I am working in the credit supervision department which oversees indebted business groups, evaluates credit risks and enforces credit extension. Because the official documents I publish are used in papers and as guidelines for financial institutions, I have a huge sense of responsibility over my work. The corporate culture differs by group but my office’s is reasonable. Most of the work is planned through meetings, and encourages contribution from every member of the team. Because it conducts public related businesses, it inevitably has a vertical hierarchy, but I think I enjoy a considerable degree of freedom. Q. Tell us how you prepared for applying to FSS. • Writing the personal statement There are many topics that need to be included in the personal statement. Trying to gain experiences relevant to each topic would require more than the four years we normally spend in college. Thankfully, my experience in KULSOM gave me lots to talk about under topics like "resolving conflict" and "worthwhile experiences." You do not have to spend the four years studying just for the sake of filling your personal statement with stories worth mentioning, so just get yourself involved in a variety of experiences and broaden your horizon. •Preparing for the written exam The written exam is very important in your application. The level of questions is easier than that of the CPA (people call it the 1.5th round) but you will inevitable run out of time. Personally, I think the exam mainly comes down to solving the basic problems as accurately as possible in a short amount of time. • Preparing for the interview After they announced the results of the written exam, I formed a group with the other candidates to prepare for the interview. For 5 days, we met everyday and read relevant articles to develop a sense of the overall work they do at FSS, and we conducted mock interviews. It was a short period, but the group sessions were very helpful for the actual interview. Q. Could you give some advice to those who want to work in similar fields? I think a lot of people consider working in financial public institution a dream job that provides stability and a good work-life balance. But they will be hugely disappointed if they apply only for these perks. I hope they reconsider what it means to work for the public good. I think this opportunity is the biggest merit of working in a financial public institution. I often attended career seminars, business school alumni panel talks and heard numerous vivid accounts of their work. They gave me opportunities to deeply reconsider my future. I encourage other students to attend these two events so they can hear their alumni’ real stories about their companies.
[Interview with the 51st KUBS Student Council] Make KUBS one, Yiroom
Interview with the 51st KUBS Student Council Make KUBS one, Yiroom (from left) Vice President Joonhyun Park (Business '16) and President Jiwoong Ha (Business '14) The name of the 51st student council [Yiroom] signifies the spirit of "making our wishes come true" and encompasses our determination to fulfil the students’ demands in various aspects such as ‘culture, welfare, communication and convenience. Our logo has been inspired by a paper plane. It conveys an image of [Yiroom] striving to achieve our hopes like an ascending paper plane. The KUBS student council has shed its 50 years of history and is now taking its first step towards a new chapter of 50 years. For that, [Yiroom] is prepared to go to its limit and beyond to ensure that all the students can feel the improvements made in our school. And like I have mentioned before in all of my twelve speeches, the student council is not a place to garner experience, but a position to prove one’s worth. [Yiroom], for the subsequent year, will strive to prove its worth and that the KUBS students were not wrong in their voting. · Forming a culture [Yiroom] will go further than merely providing a place for academic pursuits and create a place for enjoyable cultural experiences. We intend to provide cultural courses like "Barista course," "make-up course," "culture course." Next autumn, we will host "KUBS Moonlight Film Screening" to make an unforgettable night for friends, lovers and colleagues. Lastly, there will be sports competition that will range in a variety of events such as bowling and pooling to engage students who have not been able to participate in such events due to the lack of choices of sports. · Forming a welfare [Yiroom] will operate an "All day 24 hour" benefits to KUBS students which will be applicable outside the "normal school hour." We will install a system that will allow students to borrow items like mat, tongs, and wax. If there are any household items that students need, [Yiroom] will investigate the demand of the goods and opt for a group purchase. We aspire to become a council that considers even the small things in everyday life. Lastly, we will form partnerships with restaurants, karaoke and studios that will have benefits exclusive to KUBS students. · Forming a communication platform For an active and practical communication with our students the council will always bear in mind that the students are the main of the school. First, we will allow a more liberal operation of the KUBS affiliated volunteering club, “Atti” that will result in a system which will require communicating with the club members. We will move away from the traditional way of making the club follow the plans laid out by the student council. [Yiroom] will also change the system of students having to reveal their names when submitting proposals to a system where they can submit anonymously. In addition, the student council will provide feedbacks to all proposals submitted by the students. Lastly, we will hand out snacks that students truly want. We will run a survey on what students would like and show the kind of snack event the best college in the country would throw. · Forming convenience [Yiroom] has plans to launch KUBSTORY, an integrated business school mobile phone application, to improve the students’ college life. The application will include various functions such as a map of the business school, so that they can lay out the business school in the "palm of the hand." It will also have an online platform for classes/clubs so that students can check notifications relevant to them more effectively. The program will run an "army address book" so students can easily find the addresses of their friends in the armed forces and send them letters. These are the four areas where we would like to keep good on our 12 pledges. Are you not excited for the future of KUBS? We would be grateful for the students’ interest and support.
[MBA Career Story] “You Need to Think about Your Strengths and Weaknesses When You Do Your MBA” - Hyunsoo Moon (2nd Class of AMBA)
MBA Career Story “You Need to Think about Your Strengths and Weaknesses When You Do Your MBA” Hyunsoo Moon, (2nd Class of S³ Asia MBA) SK Chemical Singapore branch office Q. What did you do before embarking on S³ Asia MBA? During my last term of my MBA in Singapore in November 2010, I was working in the Singaporean branch office of SK Chemical Co. Until last year I was in charge of exporting Korean manufactured petrochemical products to and trading the products supplied by the head office from South-eastern Asia/India. This year, I was relocated from "pure trading" to the risk management department. Before starting my MBA, I worked in a French pharmaceutical company where I worked in sales/marketing for 7 years. Q. Why did you choose S³ Asia MBA? Before starting the MBA program, I considered the NUS MBA because I was located in Singapore. By pure chance, I visited the campus and read a brochure detailing the S³ Asia MBA program. I was interested in Asian countries, especially China/Korea/Singapore, and I was fascinated by the fact that I could study in the leading university in each country. I hoped that the program will facilitate a deeper connection with the place and give me a first-hand experience of what it is like to live there. On top of that, I was planning on finding a job overseas (Singapore) so S³ Asia MBA was more suitable to me than the other programs. Q. Which curriculum in S³ Asia MBA helped with your career development? I had the opportunity to visit the local major companies while spending a semester in each country. As someone whose career was fostered in one company and a specific industry, I was able to gain a lot from learning about each company’s unique history and future plans (considering each country’s culture, policies and characteristics). Other than merely visiting the companies, I worked on various projects concerning the companies with the other students and the work we did together allowed visceral experiences and instilled new business perspectives. I think this type of work taught me a lot on how to conduct businesses with global partners. Q. Could you tell us if you did any career development related activities while doing S³ Asia MBA? On completing my MBA, I tried networking with people working in the field I was interested in, and actively sought consultation on finding a job. In the end, I managed to find a job through my network. The only regret I have is not being able to network as actively when I was in China and Korea. Q. Lastly, could you give the other S³ Asia MBA students and prospective candidates an advice on building a successful career? I started my MBA with the focus of switching career and furthering my career. My base is in engineering so I worked assiduously to catch up on the subjects that were all very new to me. But I feel I should have been more involved in networking or in internships which would have given me a deft hand in more practical affairs. Before giving some advice on the MBA program, I would like to share my thoughts on leading a successful career. Primarily, I believed that an MBA would grant me quicker promotion and higher pay check. But now I know that doing an MBA requires you to develop your passion on a certain industry and improve your knowledge. It is crucial to think of it as a process whereby one can identify his core assets and in the long term, build on his career. In the past, generalists who could do all sorts of work were praised. Nowadays, people are looking for insightful specialists who could bring a competitive edge to their organizations. Even if it takes a long time, I hope the students can focus on developing a better understanding of themselves and finding a suitable career.
[Study Abroad Experience] “It Was a Chance to Study with Graduate Students from All Sorts of Background”
Study Abroad Experience “It Was a Chance to Study with Graduate Students from All Sorts of Background” I spent my autumn term in ESCP Europe, Paris, France in 2017. I chose ESCP for having one of the most prestigious MBA programs (Grandes Ecoles) in France, and because I could study with the other graduate students. I led a happy Parisienne life during my stay in ESCP. From the 10th arrondissements, Marais, the Pompidou Centre was within 30 minutes of walking distance and the Seine was only 15 minutes away by public transport. I was the only Korean amongst the exchange students, but it was a good chance to foster relationships with people from different backgrounds. The interaction led me to develop different perspectives on my previously held values. Also, the school is a graduate school, so most of the students were older that I was. Most of them had studied longer that I have, and were already employed so it was a good learning opportunity for me. People say that the exchange program is the highlight of college life. I was concerned because I had many unpleasant opinions about my friends’ prior exchange experiences so I was concerned at first. As an exchange student in a foreign land, I was engulfed with exotic experiences and I would like to press that it is not an everyday experience. And even if there are hardships during the exchange, I think there is a lot to take from the adversity because eventually, everyone will face one someday. I think my stay in Paris was the happiest time I had spent in my entire life. A lot of people complimented me on my rejuvenated appearance. Visiting museum galleries in Paris, and conversing with people from different backgrounds all helped to construct a stronger self-esteem. I would like to tell those who are afraid to go on exchange, to do away with their worries. There will be many pleasant surprises. After my exchange term ended, I extended my visa and stayed in Paris for a total of 9 months. I was saddened at the approaching date of my eventual departure. Whether you go to Paris as an exchange, or to another city in France or even another a country, grasp at any opportunities that would make you happy through the exchange program. Yura Ahn (Business ’13)
[Global Internship Experience] Valuable Experience in OKTA, a Platform that Connects People
Global Internship Experience | Overseas Korean Traders Association (OKTA) Valuable Experience in OKTA, a Platform that Connects People (left from the left) Se Ran Bae (Business '15) interning at Overseas Korean Traders Association (OKTA) Q. How did you prepare for the internship? I checked the school website for notifications regarding the internship program. I selected the country or the company I was interested in and looked through past reviews about their internship program. For more information, I had help from the international office. There are many required documents so it is easier to prepare beforehand. I would recommend applying for an American visa before anything else. After the document screening, do not fret over the interview because it is more about telling who you are. Q. What does Overseas Korean Traders Association (OKTA) do? Overseas Korean Traders Association (World-OKTA, or OKTA) which is located in Los Angeles, U.S., is a non-profit organization that is aimed at increasing trade between Korea and the US. It has a different character from other companies and it provides a good ground to meet people from various industries and get involved in various kinds of work. OKTA is located at the junction of Wilshire Street and June Street, situated inside the KOTRA building. The organization is helpful for those who are interested in trade or public institutions like KOTRA. The advantage of working in OKTA was being able to meet with its members which included a lot of board members from different companies. These members were entrepreneurs and they were rich in business insights, so it was a good experience to hear about their experiences. I applied for an administrative post but the workers there allowed me to explore other departments and I am grateful for their support. Rather than sitting in an office all day, I found myself attending seminars and meetings about real business projects. Therefore, I visited many places in LA. Q. What kind of work did you do? For the administrative work, I was responsible for organizing the OKTA members' information on excel, and writing documents for business plans. But other than administration, I worked in finance, accounting, design and other departments. In the finance and accounting offices, I wrote disbursement documents and maintaining the balance sheet using Quick Book. Quick Book is a balance sheet program often used in the U.S., and it was a fruitful chance to apply what I learned in "Accounting Principles" and "Intermediate Accounting." It also gave me an insight into the expenditures of the organization and the mechanism behind its relationships with its sponsors. Regarding designing, I used tools like Photoshop and Illustrator to publish monthly issues which will be sent to the members. Q. How did you find living? As a KU alumnus, the president of OKTA helped me on numerous aspects. Originally, there was no residential support so I had to find my own lodging with the help of a LA Korean community website. But the president was considerate to look for a reasonable priced accommodation. Lunch fees were provided by the association. Downtown LA is does not have a stable public order so I do not advise people to go touring in the evening. Having a driver’s license will help immensely when travelling. I would recommend people to prepare an international driver’s license. The cost of living is expensive, but the cost associated with working is in fact, quite cheap. It is possible to visit San Francisco or Las Vegas and there are many tourist attractions in LA. I recommend using Uber and Google Map. Q. What’s your overall thought on this global internship? I think that going on a global internship was the best choice I made in college. I found out what it was like to work abroad and the stories I heard from people whom I met had had given me lots to think about regarding my career. Also, although it has been only two months, the time I spent in the company had cultivated a global mind. I would like to thank our business schools and OKTA for giving me a wonderful opportunity. Se Ran Bae (Business '15)
[Introducing KUBS Student Ambassadors] KUBE, Connecting All of KUBS
Introducing KUBS Student Ambassadors KUBE, Connecting All of KUBS KUBE, a compound word of "KUBS (Korea University Business School)" and "cube," is the name of the student ambassadors of Korea University Business School. In various aspects, like a cube, the organization will be at the frontier of KUBS public relations. They are involved in planning and hosting all kinds of public events and have contributed to upholding the school’s prestige. KUBE is currently operating as a PR affiliated organization. Other than hosting college events, KUBE partakes in various external events such as escorting public figures and donators. Within the school, the ambassadors act as connectors between undergraduates or undergraduates and alumni. But KUBE also has its own independently run events like ‘"Mentoring Program" and "Campus Tour." KUBE is also substantially operative online. They have their own Facebook page (facebook.com/kubs1905) where they update numerous contents. These include the school calendar, and information on scholarship program for enrolled students. They also post interviews with alumni to help students plan their career. Chang Ui Hong, the president of the 6th KUBE, says, "It is a privilege to have the chance to promote our school's par excellence" and "I hope many more students will become interested in KUBE because not only does it provide an opportunity for individual growth, but it acts as an important link between the alumni and the undergraduates, public figures and juniors." Anyone who is a business school undergraduate (not including those who have business as their second major) is eligible to apply for KUBE. Once every semester, the organization newly recruits up to ten members. They give special preference to those who have good English ability or those who are apt at computing. The new members will participate in all KUBE events for a year (two consecutive semester including the holidays), and will be granted a certificate from the dean of business school. There will also be additional points for those who have successfully completed their terms should they apply for global internship and exchange program. Recruiting announcements will be uploaded on the school website at the start of each semester and those who have further inquiries may call KUBS PR office (02-3290-1688)
[Career Development Center] Enhance Your Career at KUBS Career Hub
Enhance Your Career at KUBS Career Hub KUBS Career Hub, Career Development Center Establishing a career goal is an integral step in college life. But many students, who have not yet found their passions while preparing for the college entrance examinations, are frustrated at the lack of a system that would help them plan their college lives. Consequently, there are many students who graduate without even having drawn up a plan for their future. To help out with this kind of problem, KUBS Career Hub is providing its students with counselling programs. Career Hub is a service unique to the business school that helps students plan for their future. Its counsels are tailored to undergraduates and MBA students including a vast range of topics such as one-on-one careers advice, career coaching, reviewing resumes, mock interviews, mentoring programs and special lectures from renowned figures. KUBS Career Hub’s close collaboration with the Student Union Career Development Center provides various college and career counselling programs. Also, the school has been constantly developing its mentoring and career service programs so that now they provide practical benefits to our students. Above all, Career Hub boasts a well-organized system in that it understands the difference in the problems faced by undergraduate and MBA students and has therefore constructed different counsel structures for each group. • All-round career/employment counselling and policies involving recommendations to potential employees KUBS Career Hub provides its undergraduates, MS and MBA students with an all-round career development counselling program. It is open to anyone including students who are unsure about their career after coming into college, and prospective graduating students who are unsure whether to work in a company, start their own company or go to graduate school. Business school students can register for an appointment via email. Furthermore, the Career Hub is operating a student recommendation system for institutions inside-and-outside of the school. The recommendation policy matches a vacant place in a company with KUBS’ suitable students. Companies involved in the program include △Hyundai Heavy Industries, △L’Oreal Korea, △Microsoft, △Deloitte, and △Naver (Finance). •Aptitude and psychological tests There are numerous psychological exams provided by the student counselling center such as “MBTI”, “MMPI-2,” “TCI,” “SCT,” “Holland Codes Career Test,” and “Comprehensive Psychological Test.” For those who have trouble adjusting to college life can use the aforementioned programs by paying a small fee to KU Student Council Center (kuscc.korea.ac.kr) •Receiving career advice from KU graduates KU Career Hub provides its students in their 2nd to 4th year with a program “KU Alumni Mentoring Program.“ The event is aimed at undergraduates so that they can receive practical advice on their interested fields and career planning from their seniors. •CV and personal statement clinic Students in their 3rd to 4th year who have by then started on preparing for internships and finding jobs can apply for a CV check-up session. The clinic is also available to regular graduate and MBA students. Students can send their resumes and personal statements via email (email@example.com) and after preliminary proofreading, students will be contacted for further feedback. •Customized/Specialized career consulting program for MBA students MBA candidates are normally students with more than 2 years of work experience. On average, they have 4 years of work experience. For that reason, Career Hub provides a specialized program that focuses on career development and career conversion for its MBA students. Career Hub prepares its students for job application on the strength of its understanding of the trend and requirements of the individual students’ interested field. The center then helps its students to develop their core strengths relevant to that field. After graduation, the students have the opportunity to immediately take managerial positions. Through its career consulting program and close association with its curriculum, teaching staff, career development center, alumni network, the school holds various events on career development and management, strengthening core assets and networking. Career Hub compiles its students’ resumes into a Resume Book which is then sent to leading companies within the company for reference.
[Global Internship Program] A Chance to Build International Work Experience to Become a Global Leader
Global Internship Program A Chance to Build International Work Experience to Become a Global Leader 1. Application requirements: 3rd or 4th year undergraduates who would have one semester left after having completed their internships. 2. Internship period: Minimum period of 4 weeks during the holiday 3. Credit Transfer: Students may transfer up to 3 or 6 credits depending on the internship period. 4. Application procedure: Notifications regarding the internship programme will be uploaded on the school website at the beginning of each semester. Students should check the required documents and submit both online and a hardcopy. 5. Selection process: Application will be open at the beginning of the semester and candidates will undergo selection process in May for summer internships and November for winter internships. The KUBS global internship program, which was first established in 1994, has helped students gain experiences in practical affairs by sending them into business fields to participate in various research projects. The main purpose of the program is to allow students to gain work experience and cultivate a global insight. As of 2017, a total of 1920 students had undertaken their internships in 500 companies all over the world, and a portion of these students have been offered a full time employment. KUBS is the first to run its own global internship program in the country and has gone through a remarkable development to also become the biggest. Students can apply for 4-to-8-week internships in global companies that include domestic companies’ overseas branches, multinational companies, or firms run by KU alumni. The list of main domestic companies that are operating abroad would be Woori Bank in the US; CJ China; LG Electronics in Canada and multinational companies would have HSBC; General Electrics; Bloomberg. Recently, KUBS has extended its reach to international organizations like UNEP and UNESCO. Any business undergraduate students who have taken more than 4 semesters in the school are eligible for the intern program. After pooling the candidates based on their GPA and foreign language abilities, they will be interviewed to assess their passion and responsibilities. Successful candidates will have to take an educational course to learn about the culture of their visiting countries. KUBS also has courses like "Contemporary Business Etiquette" and "Gender Equality" that would help students acclimatize to their internships. Students are expected to cover all the costs related to the internship but the school does offer financial aid to students who would find it difficult to cover all the expenses. Also, students who have participated in the global internship program can transfer 3 or 6 credits as "Global Business Internship." Students who have further inquiries can find more information on the business school website or call the international office (02-3290-5361).
[Exchange Program] KUBS Has Partnerships with 117 Schools in 33 Countries
Student Exchange Program KUBS Has Partnerships with 117 Schools in 33 Countries KUBS spares no effort in educating its students to become global talents. The school’s endeavor to become a global brand can be seen from the number of its international students. KUBS has studiously worked to increase the proportion of its international students. For the past 3 years the number of regular international students has increased from 100 in 2015, to 141 in 2016 and 146 in 2017. The number of exchange students also underwent a consistent growth from 159 in 2015, to 188 in 2016 and 212 in 2017. KUBS currently upholds student exchange partnerships with 117 colleges in 33 countries. The school is constantly looking to expand its network to include more distinguished colleges and this year, KUBS signed new agreements with Peking University HSBC Business School, IE Business School and Washington University in St. Louis. There is a strong belief that KU students will be able to cultivate a more competitive global edge through working with international students. Through its student exchange partnerships, KUBS has its own exchange program. Any business undergraduates who have a GPA over 3.0, including students on leave (but they would have to be enrolled during the exchange), are eligible to apply. Students can transfer the credits from the courses they have taken in their exchange schools and this system has the benefit of allowing students to save time while studying abroad. But candidates must check the number of applicable schools and the period of the exchange. Students can apply to up to 5 schools but there is a limit of 3 schools in English speaking countries (US, Canada, UK, Australia, New Zealand) they can include on their list. Students who have already done their exchange in English speaking countries cannot reapply for the English speaking countries while those who did their exchange cannot reapply for the same country. Students are dispatched for one term. Should they wish to extend their stay, they must contact KUBS international office. However, students doing their exchange in Britain and the US may not extend their stay. Students who wish to apply for the exchange program must not have fulfilled their graduation requirements by the time they have their exchange credits transferred. This restriction is due to KUBS’ policy on its students having to finish their last semester in KU. If students have to extend their school terms for the purpose of going on exchange, they are not eligible to apply for tuition fees reduction. Also, students who are looking to graduate early must take a minimum of 15 transferable credits during their exchange.
“I Think My Confident Appearance Helped Me win the Contest” - Interview with Winner of 2017 Miss World University, Chaelyn Lee (Business '14)
“I Think My Confident Appearance Helped Me win the Contest” I am delighted by the love and support but at the same time I feel an immense sense of responsibility … Winner of 2017 Miss World University, Chaelyn Lee (Business '14) Chaelyn Lee, a KUBS undergrad (Business School ’14), was awarded “Ji”, the highest honor, in the 30th “World Miss University 2017 Korea.” World Miss University is an annually held world campus peace festival, aimed at selecting group of candidates to form a World University Peace Corps delegation. The event was organized to commemorate the 1986 UN’s resolution of celebrating the International Year of Peace. Students selected under each of the 3 categories in Ji (wisdom), Duk (virtue), Chae (body) will join other students from around the world and serve as members in the World University Peace Corps. <KU Business Journal> met with Chaelyn Lee to hear her story. Q. Could you introduce yourself to our readers? My name is Chaelyn Lee, and I am in my third year in business school. I lived in the U.S. for ten years and came to Korea three years ago when I entered KU. Q. Tell us how you feel about winning "Ji" in "The 30th Miss World University Korea" contest. Everything feels surreal. On the day of the finals, I only had an hour and thirty minutes of sleep. When my name was called, I was so surprised that I could not remember what I said. I had not prepared a speech because I did not expect to win. I am grateful for the support and love after winning the title but I also feel immensely responsible. I have become more conscious and cautious about my everyday conduct after the contest. I found myself recycling trash more properly. Q. What made you participate in the contest? My parents were enthusiastic about the contest. They understood me well and were very supportive about my interests. They probably were the most proud of all the people who heard the news. They were the first people who came into my mind when I was presented the award. Q. What were your strengths that helped you win? I could think of two. First, my English fluency. They like that I could speak English like a native speaker. Second, my confidence. I always try to be confident about what I do. Even if I make mistakes, I always try to learn from them and I think this positive mind-set appealed to the judges. Q. Were there any activities that might have helped you win the contest? I think my experience in theatrical acting and doing musicals were of particular help. I became used to being on stage and I did not experience stage freight. My 550 hour-volunteering service was vital as well. I talked about my story of giving an elderly a four leaf clover while I was doing voluntary service in a hospice. Q. What did you find the most difficult when you were preparing for the contest? I found it very challenging that I had to prepare for the tournament myself; I did not even have a clue on how the competition was run. All the other participants thoroughly prepared by attending afterschool academy, and I tried by looking through past videos. I was not able to go on holiday in the summer, constantly cover my face and always wore long shirt and trousers. It was a particular pain for a sun loving person like me. Overcoming language barrier was another problem because I found Korean to be more difficult than English. Q. Do you have any particular enjoyable experience? I think I have come to treasure all the small moments leading up to the contest. I remember sharing the biscuits my mother baked for me with my roommate, or staying up all evening practicing dancing and choreographing. I felt like an idol trainee when I drank 10 cups of coffee to practice dancing. Q. What are your hobbies? I like to think that I am in love with classical music. I have an enormous passion for playing the cello, as I have played it for ten years, and I have been the first chair in an orchestra in New York. Other than that, I like to eat and exercise. Q. Could you tell us about your determination on participating in World Miss University? I will be participating in "World Miss University" next year. There will be numerous exceptional talents so I just want to enjoy it as much as possible. I am delighted by the prospect of meeting diverse people from various countries. I am also thinking about better ways to promote Korea on an international stage. Q. Could you tell us about your future plans? My main focus is finishing my undergraduate degree. I am doing a joint degree in fashion designing and merchandising, and I want to do well in the lectures. My ultimate goal is becoming a CEO. I originally considered the fashion industry but my interest has expanded into IT. I worked on a start-up last year, and I want to build on the experience. Q. What kind of start-up did you work on? We built a mobile app for students intending to study abroad. The app is called "GLOBS" and it focuses on helping students with tuition fees for studying abroad and filling them in with relevant information. It was selected to enter Seoul Global Startup Center. I am not the founder, but I designed its development as one of its earliest members. The business is still operating but unfortunately, I did not have the time to work on the startup this year. Q. Could you give a word of advice for your KUBS students? I am still a student, and I agree with KUBS graduates who tell us to diversify our experiences. I would like to advise them to try out exchange programs and participate in club activities and academic associations. Through the contest, I strongly felt that experiences eventually come together to add layers to people’s confidence and eventually, a unique story. I hope people can have the time to reflect upon themselves. I too have been able to have a better grasp of myself after working as a school ambassador, Yeoul, running a startup and being a member of KU female alumni. Lastly, I would be more than happy to help anyone who would like to compete in World Miss University.
“Debating is a Way of Learning about Difference” - Interview with Jinsu Park (Business ’13), Winner of the Encouragement Award in the 13th National University Debating Tournament
“Debating is a Way of Learning about Difference” Jinsu Park (Business ’13), winner of the encouragement award in the 13th National University Debating Tournament. Jinsu Park (Business ’13) has won the encouragement award in the 13th National University Debating Tournament sponsored by National Election Broadcasting Debate Commission, Solbridge International Business School and Korean Political Communication Association. Park said, “Before debating, I was a shy boy who was not good at puboic speaking” and added, “There is nothing like debating to bolster your confidence.” We talked to him about how he felt about the award. Q. Please tell us about yourself. I am in my third year in business school. My minor is a joint degree in public governance leadership. My dream is going to a law school and becoming a prosecutor. Q. Could you tell us about the tournament? The competition I participated in is called “National College Debating Competition” which is sponsored by National Election Broadcasting Debate Commission. The main rounds took place between 3rd and 4th August in Solbridge International School of Business, Daejeon. There were a total of 176 undergraduate students, and 88 teams that participated in the tournament. The preliminaries and semifinals were about "implementing basic income policies" and the main rounds and final was about "recall of members of Congress." The topics are released a month before the competition and the participating teams will put together their pro and con arguments. The preliminary rounds are contested by 94 teams and they are operated with teams of 3 competing in a league system. Q. What made you decide to participate in a debating competition? During my military service, I decided I wanted to become an attorney. To accomplish my goal, I wanted to learn the art of persuading other people which ultimately led me to join "GoranDoran," a debating society. Having worked hard in the club, I wanted to test my debating skills and that is why I participated in the competition. I was very happy to win the encouragement award in my first competition and I believe it was a very rewarding experience. Q. What kind of activities were you involved in the debating club? We would meet once a week and debate about a chosen topic, and have an impromptu 1 minute speech. There are about 30 active members each semester, and people can see from different perspectives because there most of the members have different majors. On a microscopic level, debating may seem like a clash between two opposing claims, but the speech translates the speaker’s life. The kind of argument one can construct depends on the life he has led. It was difficult distributing roles on looking up for data or working on strategies but I think now it helped us improve. Q. How do you feel about being awarded the encouragement award? I would like to express my gratitude to my teammate Sangmin Lee, who is a political science major. He was the one whom I could connect with the most easily, and it was because of him I won the award. My teammates were my biggest moral support during the preparation. The topic for the preliminary rounds was "basic income" and the main rounds, “recalls of MPs;” the former being business related and the latter being more in the field of political science. I think the fact that our majors differed were very helpful. To be frank, I am very shy and not much of a public speaker. But interacting with the members of the club, and following the club’s systemic curriculum I was able to convert debating into a hobby. I would like to thank GoranDoran for that achievement. Q. What did you like or found difficult during your preparation for the competition? The topics were unusual, and it was difficult and time consuming ironing out the logical structure of our data and assigning roles. The topics are announced a month before the competition, and the teams have to prepare both the pro/con arguments. In essence, there are two topics, but the teams have to basically prepare four. Also, both of my teammates had very distinct characters and it was hard matching their differences. But this too turned out to be a memorable experience, and the fact that I was able to test my hobby was itself very rewarding. Q. How did being a business major help you in your competition? There has been an increase in the number of discussion based lectures in KUBS. Through the lessons, I was able to cultivate my communication and listening skills. I was also able to enhance my confidence and individual capacity. The things I learned in the debating society were applicable in class discussions or lessons that required rigorous debating. The fact that business studies are a very comprehensive subject helped me in cultivating various perspectives in lessons. Q. Is there anything you would like to say to your KUBS peers? I did not have much chance to contribute to the prestige of KU, so it was an honor to do so. I would like to recommend KUBS students to actively participate in any kind of club activities. I was able to grow as a person and foster my confidence in GoranDoran. There are many activities that have a very organized learning curriculum so if there is anything you would like to learn clubs are the right places to go.
[Interview with Retiring Professors] “I Will Not Forget the Time I Spent with My Students” - Prof. Seoil Chaiy, Prof. Jin Kyu Lee, and Prof. Kwan Hee Yoo
Interview with Retiring ProfessorsㅣProf. Seoil Chaiy, Prof. Jin Kyu Lee, and Prof. Kwan Hee Yoo “I Will Not Forget the Time I Spent with My Students” Professor Seoil Chaiy Q. You have spent 34 years in the teaching profession. How do you feel? I was happy during my 34 year tenure in KUBS. I was extremely fortunate to be able to teach my favorite subject, marketing. The most challenging period was in 1984 when I came to Korea University after quitting professorship in the University of Pittsburgh because I did not have much time to carry on with my research after teaching for 19 hours a week. KU has transitioned from being teaching-focused into research-focused. I think the school changed the most during my time here. There were other troubling periods but I think there were more happy ones. Q. Do you have any memorable events during your teaching period? There were plenty of memorable events. I always felt worthwhile when my students told me that my lectures influenced their views of the world or that they had subsequently developed a keener interest in business studies after taking my course. I felt hugely let down when students told me that business studies did not quite suite them and it was distressing to give my students career advice on developing their careers despite not having found their passions. I always told them to pursue their passions. I always thought of my students more like my brother, or my children and thus, I found myself giving lots of life counsel. Q. You have taught innumerable students during your time in KUBS. Do you have any special memories with your pupils? I taught many pupils. One was very bright and he became a renowned professor, and there were many others with diverse personalities. The one I remember distinctly is the one whom I scolded. When mobile phones just came out, I told off a student whose phone went off during the lecture. He visited me after he was discharged from the army and thanked me for the life related advice I gave him after that little disturbance. He bought me a tie as a token when he received his first pay check. Other memorable events include when our country was undergoing depression; students who came back from spending holiday with their families visited me in my lab with rice cakes from their parents. Every student who came to visit me has a special place in my memory. I also remember students who thanked me for my assistance. Q. What are your plans after retirement? After retiring from my post, I am going to provide students who are ambivalent about their careers with information about various jobs. In fact, I started it 5 years ago. I first got into it because lots of students came to me for counsel because they did not like their subjects. "Institute of Creating Shared Value (ISCV)" is the name of the program and it helps students find suitable degrees and informs them with requirements for certain jobs. One-third of the jobs that exist now are apt to disappear in the future. A few words of advice to students who are struggling with their future career can be of huge help. Through ISCV, I hope to help students choose their careers and introduce similar services in other countries. Q. Could you give us a few last words for all the members of KUBS? We should always be conscious about our goals. It is imperative to think about the vision of KUBS and create a culture that is geared towards achieving it. I understand that it is not easy because not all members share the same goal. To achieve a common goal, there should be a platform where people can freely express their views. I also hope that after 30 years, KUBS will still be the number 1 business school and that I can feel proud of the fact that I was a professor in KUBS. I want to tell the students to do what they are passionate about but never to give up on learning. The quest for learning is an unending journey and the end of it marks the start of the deterioration of the mind. Whether it be starting a new sport or learning a new instrument, I want to point out the significance of learning. Professor Jin Kyu Lee Q. Your teaching profession has come to an end after 29 years. How do you feel? I became a faculty member in KU in March, 1989. Before coming to KU, I was in West Virginia University, USA. My old teachers prompted me to come to Korea. As a KU alumnus, I felt a surge of pride and self-esteem when I assumed a teaching post in this school. And that marked the start of my 28 years and 6 months of teaching in KU. At the same time, I feel relieved and sad to leave a place where I have worked with such passion. I have many fond memories as the dean of KU Graduate School of Labor Studies and KUBS. But fortunately, I am still young and I will try out something new when I leave the school. Q. Do you have any memorable events during your teaching period? There were many episodes during my professorship in KU, but I the most memorable ones were the ones with my pupils. Even to this age, I still remember talking about life with my students over a few pints of beer. I feel that this is what being a professor should be. I taught a course called "Modern Business Management," a large size lecture that used to have 400 students which has been scaled down to 200. I used my book "Modern Business Studies" for the course and it covered the principles of management studies. I used to have lots of social talks with my pupils over their love life, travelling abroad and their experiences and we used to relate each story with business studies. I think that made many students to like my lectures. It was a deep interaction of thoughts that overcame the generation gap that existed between me and my students. I derived immense pleasure from that. Q. You have taught innumerable students during your time in KUBS. Do you have any special memories with your pupils? A lot of my pupils have now become faculty members in various universities. The one I remember the most has gained a professorship in Notre Dame University in the U.S. I was his tutor when he came to our school in 1990. He did not come to my office often, but after 4 years, he asked me to officiate his wedding. The event became a fertile soil on which our relationship developed into a friendship and later, I became his mentor. He eventually became an eminent professor in the U.S. We frequently have the come-and-go and talk about our silly past. Another fond pupil of mine is from the history department who told me that he was very moved by my lecture. He could not afford to study abroad so I contacted one of my KUBS graduates who was studying in the U.S. and asked him to make an additional slot for the student. He eventually became a professor in Yonsei University, but he always proudly mentions that he is from KU. I feel immense joy when I see students with lots of potential succeed under my assistance. Q. What are your plans after retirement? My life mentor whom I have a deep respect, Professor Bok Song, have recently published his book <Privilege and Responsibility>. It calls for the upper echelon of Korean society to cultivate a culture based on noblesse oblige, as the privileged Korean elites have had prospered on special privileges but have avoided the responsibilities that entail them. The book inspired me to return the privileges society has endowed upon me in the form of becoming involved in voluntary and charity work. One of my works involves helping out the Palestinians as the chairman of Bethlehem University, a Vatican affiliate institution. I want to become help people in need as I believe that global peace starts by treating these people. Q. Could you give us a few last words for all the members of KUBS? I assume cultivating a "I love KU" - mentality is the most important. For the business school to do well, and on a larger scale, for the whole university to do well, we have to be deeply concerned about how to accomplish our goals. We must always remember that our ultimate goal is to love KU which will hopefully help resolve conflicts and ease differences. Lastly, I would like to add any KUBS students who want to talk about life over beer or Makgeolli are more than welcome to visit my office in Gwang Hwa Mun! Professor Kwan Hee Yoo Q. Your teaching profession has come to an end after 22 years. How do you feel? I feel relieved and fortunate. First of all relieved, because despite accounting being a very difficult subject to teach, I feel I made my course easily approachable for student. I also feel privileged to have had the opportunity to interact with many bright students. It is a shame that I would no longer be able to communicate with these students. It was a worthwhile experience teaching exceptional students for 22 years in KUBS. Q. Do you have any memorable events during your teaching period? Now, classroom size in our business school is below 100 pupils but in the past we used to have classrooms that would be filled up to 250 students. So it was difficult to remember the students’ names and their faces. Amidst the confusion came Cyworld. It marked the start of an era of social networking services in Korea and I remember becoming closer to my students via Cyworld. I eventually remembered the students’ names after accepting their friend requests and continuously looking at their pictures. If it was not for the SNS, they would have remained as mere passing students; it felt good to stay in touch with them even after the lessons. Q. You have taught innumerable students during your time in KUBS. Do you have any special memories with your pupils? I have fond memories of many of my pupils. One of them was a student who was in his third year and came to me after passing his CPA exam. He joked how my course made accounting seem easy and eventually encouraged him to become an accountant but I was very proud. Another student I remember was Junkyung Uh, who came to this school in 1998. He often visited my office as an undergraduate. We would talk about the student’s future plans and we still keep in touch. He came to me for his recommendation letter when applying for an intership, a firm in Hong Kon after graduation and pursuing a master's degree abroad. I heard that he became a professor in Yonsei University this September. I would have been more glad if he came to KU instead. Q. What are your plans after retirement? A lot of people ask me if I have any plans to go travelling. I intend to continue one with my work and make accounting more approachable to people who do not know much about it. Professor Hyung Suk Kim in the philosophy department in Yonsei University said, “Looking back my 100 year long life, humans are the wisest between the age 60 and 75 and I think this period is our golden age.” I started taking swimming lessons this January. I never swam but learning from a professional did improve me a lot. I try to swim whenever I have the time. You could say that keeping a healthy physical and mental state and teaching accounting would be my retirement plans. Q. Could you give us a few last words for all the members of KUBS?. Everything about KUBS – its facilities, academic environment – is simply the best. During my 30 years in KU, I seemed to have overlooked the fact that no universities in Korea have the infrastructure that KUBS enjoys. I hope that KUBS faculty members would always remember the privilege they enjoy, and maintain the harmonious atmosphere we have always cherished. I want to tell my pupils to quickly set up their life goals. The best way to not waste any time in university is to have quickly established a life goal. And I think it would help students if they listen carefully to the smallest detail of what professors say. At the beginning of my lecture, I always advise my students to invest in stocks even if it is only one share. But hardly anyone raises their hands when I ask at the end of the semester if anyone had become a shareholder. There is a huge difference between studying financial accounting as a shareholder and not. Other professors would share their resourceful experiences and I hope students would become more attuned to their professors’ stories.
[Interview with Korea MBA Student] “In Planning Your Long-term Career, KMBA Will Definitely Boost Your Confidence” - Jae Woon Yoon, (KMBA '17)
Interview with Korea MBA Student│Jae Woon Yoon (KMBA '17) “In Planning Your Long-term Career, KMBA Will Definitely Boost Your Confidence” Q. Could you tell us about yourself? My name is Jae Woon Yoon and I am currently an employee in the finance department in Hyosung Corporation. I joined Hyosung Finance Headquarter in August, 2008 and worked in IR and accounting team. Now, I am in my second year as section chief in the fund team in which I deal with credit evaluation and financial loan related jobs. Q. Why did you decide to do Korea MBA? Frankly, I had a vague idea of going to graduate school ever since I joined the firm. The time when I had to diligently learn about work was now in the past and I thought it was a good time to rejuvenate my passion for life which has gradually declined and bolster my knowledge in finance. Hence, I applied for Korea MBA. Q. Why did you choose KU Executive MBA over all the other MBA programs? I first considered proximity to my workplace and flexibility the most important factors when considering school, but at a school fair and in various interviews I realized why KMBA was the number 1 MBA program in the country. I had the impression that they consider students their customers and briefing sessions and interviews are very student oriented. This impression continued when I attended the school festival or lectures. I am really satisfied with my choosing KMBA. Q. Have you noticed any big changes after starting KMBA? I think I become more focused during work because I have to go to school, too. When I see myself as a leader after having completed my role as a manager, I think my studies would bolster my confidence in the future. Furthermore, I have plans to do a PhD and I believe that graduate level studies would be hugely helpful. Lastly, the time I spent with my colleagues and the networks I have formed accordingly have become my invaluable assets. Q. Which KMBA curriculum helped you the most? I found Professor Jungbien Moon’s "International Business" to be the most rewarding. Reading case studies about how multinational companies, like us, that have their subsidiaries spread through the world, consider financial, economic and political aspects when establishing a new subsidiary helped to understand my work better. Q. What did you take from KMBA other than the courses you have taken in the core curriculum? KU MBA runs many events around the school and the students’ union. Some of these include: △orientation, △workshop, △Single’s Night, △Family-Day, △year-end party, △insight forum, △club activities, △career headquarter sponsored work meeting, and △zodiac sign gathering. These events provide an abundant opportunity to get closer to each other. Q. Could you give one last word of advice to prospective KMBA candidates? I once saw Steve Jobs’ commencement address at Stanford University. One of the most memorable quotes was "connecting the dots" which means that past experiences come together to form a line of life and it does not matter whether it is a success or not. Looking back I think my present self is a reflection of what I did in the past. Sometimes I failed, sometimes I succeeded but everything was possible because I tried. Don’t hesitate. Just do it.
[Global Internship Experience] Global Internship Was a Grounding Experience - Jungwoo Choi (Business '11)
Global Internship Experience│Jungwoo Choi (Business '11), Internship at LG Electronics Indonesia Global Internship Was a Grounding Experience Deciding to partake in global internship After entering my fourth year and while I was considering my career options, I became interested in sales/marketing, chiefly for its involvement in inspiring customers that would eventually lead to the firms’ sales. As a result, I decided to apply for an internship and gain work experience in that field to judge whether or not it suits me and found myself looking through internship opportunities. I eventually came across a global internship program run by KUBS, and immediately applied after hearing that I would be doing an internship abroad. During my preparation, I found reading stories of students who have formerly undertaken the global internship program the most useful. I was able to contact them and find out about the department they worked in, what kind of work they did and the extent of the company’s welfare support. Life at LG Electronic Indonesia Preparation for doing the internship in Indonesia went smoothly, thanks to the support from one of the local employees. It was easy to obtain residence – they introduced me to a boarding house near the sales office. It is possible to choose the department to work in, but choices are liable to change due to each department’s schedule. I applied for the home entertainment department which specialized in TV/ audio and set-top box. At the outset of the internship, I discussed with the head of the department about my goals for this internship. My goals were: 1) understanding the Indonesian market 2) understanding the local sales department’s processes 3) experiencing Indonesian culture. The sojourning employees are on a very tight schedule so it is important to set up a big goal and adhere to it. To understand the Indonesian market, after consulting the local employees, I visited 10 supermarkets in downtown Jakarta to compare competitors’ products, promotion and targeted customers. I also went out to the suburbs to have a tour around the production sites. After work, I interacted with the local employees by having dinner with them and on the weekends, I visited tourist sites. At the end of the month, I finished my internship by compiling everything I have done for the past month into a report for the sojourning employees. Higher level of understanding of practical affairs could lead to landing a job One of the biggest gains from doing my internship is having increased my understanding of practical affairs. On the basis of this experience, I was able to vividly explain my motivation to apply for the firm. It also helped me to understand the work of the interviewers and elaborate on how I can contribute to the firm. I succeeded in obtaining the job. I would like to thank all the business school people and LG Electronics Indonesia employees for providing me with a rare opportunity to undertake a global internship.
"Have Faith in Yourself and Embrace New Challenges" - Interview with Student Landing Job Abroad (Suji Choi, Business '12)
KUBS Career Hub│Interview with Student Landing Job Abroad (Suji Choi, Business '12) “Have Faith in Yourself and Embrace New Challenges” Suji, Choi (Business ’12) is a new employee in "The Boeing Company," an American airplane manufacturing firm, after having completed her internship program. Having thoroughly researched what she had wanted and setting herself a clear goal, she participated in "The Boeing Company" internship program, and despite it not being a job guaranteed internship, she had the fortune to become a full time employee. She said that she was able to earn her position due to her outgoing attitude in setting her goal and her conversations with KUBS graduates. Q. Could you tell us about how you prepared for your overseas internship? Everything was quite ambiguous because I did not have any access to information regarding overseas internship program. I tried various ways to gain information. I went to KOTRA Global Job Exhibition and inboxed people whom I thought had my dream job on LinkedIn. Lecturers were easy to converse with because they were mainly people who came to the school to help out KUBS students. Not everyone answered my messages, but the few who have were very helpful. Q. How was the internship application process? I first saw the notice on "The Boeing Company" internship on the KUBS Career Hub website. I sent in my application form in June, and had an interview with a person of Chinese, Japanese and Hong Kong nationalities from the Asia-Pacific HR department. 15 candidates were selected through this process to undergo a final interview. The interviewers were from the HR department and consisted of one Korean, and two Americans. I was one of the three Koreans who were selected and started my 6 months long internship. Q. What was the most memorable experience during your internship period in “The Boeing Company”? I was very much impressed with the corporate culture. Every director and manager was female. Due to it being a manufacturer, "The Boeing Company" was always under the impression that it was more bureaucratic than IT firms and did not grant managing positions to female. But from what I saw, I thought that female employees were being given ample opportunities to further their careers. I was also taken aback by being able to work with high level officials despite only being an intern. Q. Could you tell us how you were converted to a full time employee? I did not apply for an employment guaranteed internship. I was aware that it was only a 6 month program aimed at provided foreigners with work experience. But I had an American citizenship so it was easy to obtain a visa, and I thought if I made a good impression there would be a good chance of being employed. So I decided to take the risk and participate in the internship program. The manager’s review is crucial to being offered a job in "The Boeing Company." For me, I was fortunate enough to have my manager recommend me to the HR department. But not having a citizenship does not necessarily mean that there is no chance of employment. I believe making good impression during the internship period will pave opportunities for employment in other foreign firms. Q. What is your newly assigned task? I will be working in the "International Payroll and Global Timekeeping" team. We manage the wages, welfare systems and time attendance of employees in 66 branches in 45 different countries. It is a mix between finance and HR. Smooth communication with the local subsidiaries is crucial because we have to deal with 39 different currencies and 45 different tax and labor laws. I am a global account manager who is in charge of 3 different countries. Q. Could you give a word of advice to your KUBS students? I hope more people will become bolder. I want to encourage them to have more faith in their strengths and have confidence rather than worrying about the future. Getting jobs overseas is not as limited as people think it is. It’s important to be a little bit more proactive, and ask graduates a lot of questions when applying abroad.
[Interview with 4 New KUBS Startup Teams] Striving to Provide Services that Are Beneficial to the World!
Interview with the winning teams in “2017 Startup Express Summer Season” Striving to Provide Services that Are Beneficial to the World! ‘Startup Station’ has selected the following teams to join its venue: △We Share K (Grand Award) △Toad (Excellence Award) △D&I (Participation Award) △SOVS (KUBS Research Committee Award). These four teams have survived a brutally selective process and each will be awarded a venue in Iljin Startup Support Center located on the 2nd floor of KUBS Main Building. They will be granted operation expenses for running their startups and additional educational programs. We interviewed the four teams to hear about their business items and future plans. Grand Prize <We Share K> <We Share K> highly values sharing and helping other people. We have set out with a vision that ranges from something as small as helping foreigners living in Korea to as comprehensive as helping out everyone including Koreans. We have built our team on our connections with Chinese to provide Chinese students with consultation on studying abroad and Korean education. <We Share K> broadly operates in three areas. The first is foreign language education. We are running Korean language classes for foreign students who are attending colleges in Korea. In the future, our company has plans to expand into teaching Chinese to Korean students and subsequently, English. The second area of our business is providing consultation for students wanting to study abroad. Our services are aimed at foreign students wanting to study in Korea and are much cheaper than the ones provided by other consulting firms. Lastly, <We Share K> provides general information on living in Korea. Such assistance includes a variety of activities like giving free food at lunch or linking foreign students with Koreans to help them acclimatize to Korea. We have plans to provide Chinese and English language classes for Koreans launch our online courses website in September. We are also looking in to provide online Chinese cuisine delivery service and diversify foreign language classes to expand our business. Excellence Award <Toad> <Toad> was started with a vision to "build a world where people can live without worrying about money." We are currently working on our service called TOAD which would be helpful to Hogang (a term coined in Korea to describe gullible customers). TOAD is a reference to the toad in a Korean fable, "Kongji and Patjwi," that filled a hole in a leaking jar. Like how the toad prevented the jar from leaking, "TOAD In the Pot" is a form of creation service that would help prevent unwanted leak of money. The service is designed to string together benefits that customers have often overlooked due to their overly complex rules or because they were unware of them. TOAD will also analyze consumers’ patterns and based on its analysis, recommend a way of smart shopping. Our principal consumers will be singles in their 30s. The revenue will be mainly generated from forming contracts with credit card or smart pay companies. We think the service can also provide consumers’ data to SMEs or act as an advertising channel. We are soon launching the mobile application and web version of TOAD. To bolster its publicity, there will be an event booth in September to study workers’ and students’ responses. Once TOAD becomes an "expense creation," it will develop into a "purchase creation" that recommends products to the customers based on their needs. Our ultimate goal is to turn individual data into platforms and build a robo-advisor that will provide customized information for each customer. Participation Award <D&I> <D&I> is an acronym for "Discovery and Invention." The name contains our vision to identify social problems and provide solutions. We are currently running a business called "PARVIS" that mainly deals with intellectual property. Simply, PARVIS is an "online lawyer." Many have given up on applying for patents via patent attorneys due to its complex procedures and high costs. Moreover, because of customers’ lack of understanding about patent application procedures, patent attorneys have more or less acted as inventors rather than assistants. Through the use of big data and machine learning, PARVIS seeks to help in general areas such as assessing the possibility of the application being successfully registered (prior research) and filling out documents (patent application forms). It will be convenient to use and take a load off patent attorneys. D&I’s primary goal is to upgrade PARVIS and help out individuals who are applying for patents by making videos that explain the application procedures. We want to fulfil our slogan, “Turning people’s ideas into patents for the world”. We envision a world where everyone’s ideas can freely appear in the world via PARVIS, and be used for the betterment of our society. Business Research Committee Award <SOVS> <SOVS> stands for "Someone Very Special" and it embodies the company’s vision to "capture every treasurable moment." SOVS is developing an application for rear camera use and it’s planned to be launched in October. SOVS is developing a camera application that allows the user’s desired photographic composition based on the object’s silhouette. People can check their composure and pose when using self-cameras but the use of rear cameras is entirely left in the hands of another person and it is often difficult to explain the desired composition. SOVS features △basic mode, which has 16 different basic compositions, △ translucent mode that enables the user to use existing photographs, and △customized mode which allows users to set up their own composition. Lastly, SOVS will provide recommendation on each person’s suitable composition and pose by storing and analyzing the user’s photographs. This year’s primary goal is to launch the SOVS application in October and subsequently upload various popular compositions. We are designing a "friend" or a "couple" composition, and an SNS platform to fill our users in with popular photoshoot places as well as trending poses and compositions. Just like the name, we are trying to make memorable recollections by taking pictures of their memorable moments.
[Interview with Executive MBA Students] Junghyun Baek (14th Class), Eui Ji Baek (14th Class)
Interview with Executive MBA Students│Junghyun Baek (14th Class), Eui Ji Baek (14th Class) Junghyun Baek: “EMBA broadened my horizon” Q. Please introduce yourself to our readers. My name is Jung Hyun Baek, president of Jaguar Land Rover Korea. I made my entry into the automobile industry by taking a position in the overseas marketing department, worked my way up to become the director of sales/marketing department and have held my current position as the president of Jaguar Landrover Korea since 2015. Ever since entering the Korean automobile market in 2008, Jaguar Landrover has cemented its position as a luxury brand that provides its customers products and services of the highest quality and as a result, have yielded a performance growth of 273% during the past 3 years. Q. Why did you decide to enroll in MBA? Before becoming the president of Jaguar Landrover Korea, I prided myself on having been in the same industry for 27 years and being an expert in the automobile industry. As the president of a premium automobile brand that is growing globally, even in the midst of fierce competition in this constantly changing world, I want Jaguar Landrover to continuously grow as the most beloved luxury brand in Korea. I enrolled in MBA because I felt the need to broaden my horizon and perpetually keep in touch with the latest business trends. Q. Why did you choose KU Executive MBA out of all the other MBA programs? A lot of people recommended me to take KU EMBA. Its strong alumni network, prestige recognized by the head office abroad, top rank in Korea and in the top 20 worldwide, and modular style curriculum that allows a more flexible schedule have led me to decide KU EMBA. Q. Have you noticed any big changes after finishing Executive MBA? The MBA’s practical curriculum gave me an opportunity to enhance my managing ability which has been hardened by business practice, and therefore improve my organizational management. Also, it helped to further the viability of the financial projections and brand strategies in my plans for the firm’s medium and long term vision and agenda. I was able to gain valuable insights into various fields from my class discussions with my colleagues who were experts in their respective fields. Q. Which EMBA curriculum helped you the most? Every curriculum was useful in its own way so it’s difficult to choose one. Personally, I found the IRP program that consisted of visiting 3 prestigious universities the most memorable. During the summer holiday in the first year, I went to UCLA in the U.S., HKUST in the winter holiday, and Italy’s Universita Bocconi this summer. As the executive manager in a global company, visiting the U.S.’, Asia’s and Europe’s iconic universities helped me to keep up to date with the latest trends in global economics and businesses. Q. What did you take from EMBA other than the courses you have taken in the core curriculum? Most impressive of all, KU has a very well organized and systematic alumni network. The opportunity to interact with normal and EMBA students provides a diverse network and the students can share information that could be useful to various career development. Q. Could you give one last word of advice to prospective EMBA candidates? There were lots of doubts on whether doing a painstakingly time consuming MBA would help my career when I was already the executive manager. But the KU EMBA program gave me time to look back at my restless 27 years. It also served to develop insight and invaluable information required for management. I was able to return to my original zeal I had when I first started work and learn about new paradigm as well as employing the diverse networking program to interact with experts from lots of different fields. Eui Ji Baek: "The most invaluable experience in my life" Q. Could you introduce yourself to our readers? For 20 years since 1997, I have worked in the finance and actuary departments in Lina insurance, an America based life insurance company that specializes in health insurance. Now, as the CFO, I oversee financial accounting, insurance actuarial affairs, investment and risk management. Q. Why did you decide to enroll in MBA? The insurance industry has transcended its original business model of providing financial aid in cases of accidents. Not only does it consider merging multiple industries like health care and funeral rites but in the midst of the fourth industrial revolution, there have been series of rigorous discussions on the need for "transformation." The urge to step outside the field of finance which I have worked in for 20 years to interact with people from various backgrounds, and my desire to garner professional management knowledge have led me to enroll in MBA. Q. Why did you choose KU Executive MBA out of all the other MBA programs? I was very prudent about applying for MBA because of its high cost and time consuming curriculum. I have looked into lots of MBA programs, but I found KU enjoys the highest accolade for its reputation in business studies in Korea and out of the top 100 EMBA ranked by the Financial Times, KU was first in Korea. This external evaluation made me seriously consider KU EMBA and my decision was finalized when someone in my company who have finished KU EMBA recommended it. Q. Have you noticed any big changes after finishing Executive MBA? In terms of work in the office, I became in charge of risk management and general management in addition to my original work in finance. I think the firm acknowledged the experience I have gained from my EMBA. But more importantly, I learned a lot from my colleagues. I learned a lot from students’ (who would be managers in their firms) willingness to put aside their titles to actively participate in team projects and school events. I was influenced by their never-ending curiosity and their passionate class discussions which helped me to see other sides of my colleagues at work. Q. Which EMBA curriculum helped you the most? The most memorable subject was "Strategic Human Resources Management;" its philosophical approach that aligns a firm’s HR management strategies with its business philosophies was refreshing. I also learned a lot from ELITE Project which required us to build a new business model. Drawing on from the expertise of my colleagues who worked in medical, pharmaceutical, telecommunication industries and the management theories we learned in class, we built a new business model in the healthcare industry. It was an experience I will never forget. Q. What did you take from EMBA other than the courses you have taken in the core curriculum? I do not think I would ever have been able to meet the kinds of people and professors had I not done EMBA. I enjoyed listening to people’s stories inside and outside of classrooms and was brightened by the prospect of being able to constantly be in touch with these people. Q. Could you give one last word of advice to prospective EMBA candidates? EMBA is not about gaining new technical skills but about sharing experiences with your colleagues and learning strategic approaches necessary for management. Students will find themselves thinking differently after spending time discussing with their friends and improving each other’s shortcomings. I encourage prospective students to believe in themselves and embark upon an enjoyable life changing challenge.
[Study Abroad Experience] “I Have Broadened My Global Insights through Global Business Knowledge” - Haein Kang (Business '15)
“I Have Broadened My Global Insights through Global Business Knowledge” I went on an exchange program to NOVA School of Business and Economics (Nova SBE) in Lisbon, Portugal. Students are very proud to be members of such a prestigious institution in Lisbon. Being a small capital equipped with shopping malls, commercial areas, cinemas, museums and parks, you can pretty much go around the city on foot. It’s actually easier to walk than taking the public transport because the city is a very hilly place and the northern part of the capital is covered in uphill roads. Naturally, you’ll find it easier to use the subway, so it’s handy to have a transit card you can swipe as you please for public transport. The local people are very open to foreigners. You will see plenty of people downtown who are not fluent in English. But luckily, the younger people have some knowledge in the language and students are very proficient, so I was able to get along using English. Lisbon has vibrant exchange student communities. There are clubs like Erasmus Lisboa, ESN Lisboa, and ELL who come for promotion during the welcome session. Students can make club cards during the session which would enable access to various events and parties for lower prices or free. These groups will offer various programs to facilitate travelling in Portugal or open parties to ensure the exchange students enjoy their time in Lisbon. All of the courses are organized into two theoretical classes and one practical class (tutorial class). The practical classes are run in small groups that have been formed from the big groups in the theoretical class. I took four courses. In the strategy course, students will read case studies and learn to set up corporate strategies that are in line with the characters of the company. We were given a team project to establish a business strategy for an assigned company. In macroeconomics, the professor gave out tasks that required us students to compile statistics and data, but I assume people with backgrounds in economics will not find the lecture difficult. I learned about global businesses in international management, where we submitted a report and delivered a presentation on global expansions of a company’s businesses. The Global Business Environment course is about issues surrounding the business environment. We were asked to debate about articles we have read and presented cases on local companies’ expansion into the international arena. I still reminisce the blue sky in Lisbon and the faded pastel-tone houses. I treasured the time walking down the Tagus and seeing the blue river through the break between the ensembles of buildings. I very much enjoyed the high quality of education and the beautiful scenery. Haein Kang (Business '15)
[Partner School] Becoming the Top European Business School, NOVA SBE
Becoming the Top European Business School, NOVA SBE With its goal set of becoming the top European business school, NOVA School of Business and Economics is a constituent college of Universidade NOVA de Lisboa in Lisbon, Portugal. The national university was established in 1978 in Lisbon, the capital of Portugal. "NOVA" means "new" in Portuguese. With around 19,000 students, 1491 professors, 804 staff members and 9 colleges, the school specializes in various academic fields. Exchange students from over 50 countries come here attracted to the prospect of becoming a global talent. NOVA School of Business and Economics is one of the nine colleges and prides itself on providing high quality education; programs aimed at giving students a good ground on practical affairs; and educating young talents who would contribute in furthering the frontiers of academia in their communities. The faculty members constitute of people from diverse backgrounds. Approximately 250 professors from 25 countries each have their expertise and about 85% of the professors have graduated from universities in the U.S. and Europe. Each is conducting research into their academic fields to provide clarity on various global trends. KUBS has signed a partnership with the college in March 2016, and has maintained the relationship ever since. The school has partnered with more than 200 schools over 54 countries and collaborates with schools in Europe and South America to provide 19 dual degrees. NOVA School of Business and Economics has garnered impressive results on global rankings. It comes in 14th for its program in International Masters in Finance, 17th in International Masters in Management. The school has also joined the global alliance in business management and has acquired accreditation from AACSB, EQUIS, and AMBA (Association of MBAs). There are only 70 universities in the world that have received approval from all three boards.
“People Should Strive to Be Original” – Interview with Dae Youp Kang, New Appointee in Foreign University
Interview with Dae Youp Kang, a New Appointee in a Foreign University “People Should Strive to Be Original” Alumnus Dae Youp Kang (MIS Major, '16) This September, after having finished his PhD at KUBS, Dae Youp Kang (MIS, Advisor=Professor Anat Zeelim-Hovav) has been appointed a full-time instructor of Business Information and Technology at the University of Memphis, U.S. <KUBS Journal> interviewed Dr. Kang about his journey from the days of embarking on his master’s and PhD to being assigned a position in the university. Q. Do you have any memorable events while you were doing your PhD at KUBS? A lot happened while I was doing my PhD. Some of the events I remember are when I had to move lab, when I made my first presentation at an academic conference, and when I graduated. Just before graduation, in a foreign academic society, I met Dr. Sung-Yong Um (KUBS master’s, ‘09), my senior and a professor at National University of Singapore, with whom I conducted research. I think this too was a treasurable memory. Q. What did you do to prepare for your dissertation and application for a post at the University of Memphis? To be frank, I had to rush my PhD, so I was not well prepared to apply for a post. I did not have the necessary job market paper, presentation, resume, and research plans for a job talk. Fortunately, I was able to have talks with many well-known universities in the U.S., but I failed to obtain a post. Then, Professor Um reached out to me from National University of Singapore where I became a research associate. On the strength of the research portfolio I have compiled in NUS, I successfully obtained a post as full-time instructor at the University of Memphis. I would like to take this opportunity to thank all the faculty members in National University of Singapore, my seniors, and KUBS. Q. Could you tell us about your future work? In the past, operations produced information concerning related businesses. Nowadays, the leap in information technology has led to an era where information guides business operations. Producing, compiling and distributing this information and catering to the digital platform to create value have become integral to the IT industry. Ensuring the security of this information has also recently come under the spotlight. My research will focus on how the link between digital platforms, and the IT security industry can create business values. Q. Could you give one word of advice to KUBS students who want to become a global scholar? Conducting research takes up a lot of energy. It demands rigorous amount of eloquent writing, a set of very good methodologies, and some internal politics. Also, it is essential to surround yourself with good people. There’s bound to be a good deal of criticisms of your work from the advisors and the people you will see in various conferences and during review processes. But if you can produce something original, there is always somebody who will acknowledge the work. I think that if anyone has a firm belief that their work will contribute to expanding the pool of global knowledge, they will have garnered a global reputation. I hope Korea will become a global platform that exports knowledge. I hope KUBS students can successfully employ the academic resources at KU to become a renowned figure in the global academia.
[Interview with Finance MBA Program Director] “FMBA is a Curriculum That Aims at Nurturing Pioneering Experts in Finance
Interview with Finance MBA Program Director│Professor Ji-Woong Chung “FMBA Is a Curriculum That Aims at Nurturing Pioneering Experts in Finance” Finance MBA (FMBA) is a specialized MBA program. The program, which was originally designed as a one year full-time course, has been stretched to a two year (4 semesters) part-time course. <KUBS Journal> interviewed Professor Ji-Woong Chung, Program Director of FMBA to ask about the change. Q. Could you tell us why KUBS decided to alter the duration of FMBA? The FMBA has just celebrated its 12th anniversary since its commencement in September 2006. We thought that it was crucial to reflect the changing needs of the students over the past 10 years. Recently, there has been a surge in the number of workers taking courses to elevate their professionalism. We thought in order to accommodate the growing demand of our FMBA from workers, it was necessary to extend the duration of the program from a full time one year to a part time two years. Q. How is the new FMBA structured? The main difference would be that daytime courses have been changed to evening and weekend courses. In terms of the course structure, along with conventional lectures like asset management and corporate finance, we offer classes that have high practical and technical uses. Our faculty members have shifted their focus on theories and techniques to a more practical approach. The program’s aim is to provide a curriculum that reflects the rapid changes in the IT and finance industry; as a result, in addition to the traditional courses on financial theories, we are also trying to offer lectures on △IT training, △Big Data, △Machine Learning, and △Programing. Noting the deep relationship between government regulations and finance, we have also been considering cooperation with the law department to educate our students on financial regulations. This course would be unique to KU FMBA. Q. Would the new FMBA also have the advantages of the old curriculum? Yes. Our FMBA is the first to sign a partnership with the CFA Institute and in doing so, we have enjoyed access to resources on recent business trends which have been assembled by leading financial experts. Also, through KUBS’s independent network of partnerships with other schools, students can go on exchange from 2 to 6 months. Some of our FMBA students recently went to △University of San Diego in the U.S., △Fudan University in China, △NUS in Singapore, and △Waseda University in Japan. Q. Could you give a work of advice to those who are considering applying to FMBA? The global financial market is changing. The fourth industrial revolution, on the tide of fintech, big data, and artificial intelligence, has spread its wings into finance. To reflect the concerns of maintaining soundness of financial institutions but embracing new technologies, there will be changes both in regulations in finance and technology. KUBS FMBA plans to incorporate these changes and help students gain new academic insight into their expertise and become leaders in their respective fields.
[Interview: The 1st Anniversary of KUBS Startup Institute] Our Goal Is to Be the Leading Startup Hub in Korea
Interview: The 1st Anniversary of KUBS Startup Institute “Our Goal Is to Be the Leading Startup Hub in Korea” Korea University Business School affiliated KUBS Startup Institute celebrated its one year anniversary. In September 2017, Professor Ho-Won Jung, Director of KUBS Startup Institute, has reached the end of his term, and Professor Hicheon Kim will fill in the position. <KUBS Journal> conducted an interview with the two about the overall performances of KUBS Startup Institute and their future cooperation with LINC+ Project to invigorate startup among youths. Q. It’s been a year since the launch of KUBS Startup Institute. Tell us how you feel. Director Kim: The world is changing at a remarkable pace. When we look at the rise and fall of enterprises during the industrial revolution, the strong dwindles and new enterprises that have grasped emerging opportunities assume leadership. We are confident that the teams that have entered our institute will extend their reach to all parts of the world. I hope our institute becomes the starting point for teams that aspire to become global enterprises. Professor Jung: There is a new paradigm as we enter the fourth industrial revolution. For the past few years, the IT industry has followed the leadership of companies like Microsoft and Google. KUBS Startup Institute is for those who can seize emerging opportunities in a rapidly changing world and are capable of creating new values. We have attracted a total investment of 970 million won, and our company valuation stands at 15.4 billion won. I am proud of what we have achieved. Q. Tell us about some of the strengths of KUBS Startup Institute Director Kim: We not only provide space but also practical assistance. Through MOU with Kim & Chang Law Firm and Samil, we give legal, accounting, and tax services. We also have programs like “Lecture Series” and “Lecture on Demand” to fill in startups with relevant information. In addition, we have been advocating active investment from venture capitalists, accelerators and angel investors by hosting events like CHOO CHOO DAY. Professor Jung: The biggest strength lies in its openness. All you need in your team to apply for a venue is a business undergrad or an alumnus who has obtained his degree within the past 5 years. Our constituents made of students who range over diverse majors such as engineering, humanities, and design. We also provide services that our essential during the beginning stage of establishing businesses such as Amazon Web Service and AWS Cloud. Q. Tell us how KUBS Startup Institute plans to invigorate youth startups with LINC+ Project. Director Kim: We plan to support talented students from various majors, so they can reach their potential. At the present, the key participant of the KU LINC+ Project are students from business and engineering departments, but I hope a lot more students from different backgrounds will join KUBS Startup Institute. I look forward to seeing students independently constructing new business models to solve social problems. Professor Jung: I think the partnership will give us the opportunity to expand what we have been doing in KUBS Startup Institute. If we manage to procure sufficient funding, we would be able to provide better infrastructure for the teams. I hope to have the teams participating in startup expositions abroad. It will be a fruitful experience – they will see what ideas foreign ventures have and how they employ them to establish new companies. It’s better for them to be in the field and actually see the action rather than simply hearing about them. Interaction with students from all over the world who have their own startups will be a stimulating experience. Q. What does KUBS Startup Institue hope to achieve by the end of its LINC + Project in 2022? Director Kim: Our priority is to be the leading startup hub in Korea. In doing so, it would become a place where investors interested in college ventures look forward to visit. In fact, I hope it becomes a globally recognized hub. Professor Jung: 5 years from now, I hope people would think of this place when the word “startup” pops into their heads. And 20 years from now, I wish a renowned company founder would be from our hub. Q. Do you have anything to say to the students who plan starting a new company? Director Kim: I don’t think everyone has to jump on the startup craze. But as time passes, firms are looking for talents who can create new values rather than people only capable of performing simple tasks. Ultimately, startups and firms are looking for similar talents. I advise students looking to start their own companies to examine what society needs. Professor Jung: Those who are interested in startups are welcome to visit KUBS Startup Institute. Please attend our lecture series. They really help identifying emerging ideas in changing paradigms and provide an insight into innovation and the essence of becoming entrepreneurs.
Interview with Fall 2016 MBA Valedictorians
Interview with Fall 2016 MBA Valedictorians Jongsoo Nam (11th Class of Finance MBA) Q. What is the secret to graduating top of your class? First, I would like to express my gratitude to my advisor Professor Ji-Woong Chung, all my professors who gave the best lectures, FMBA Manager Min Young Shin who meticulously oversaw all the administrative tasks, and my fellow graduates who have been with me through thick and think. Having an undergraduate degree in Economics and Business and ten years of experience working in financial institutions helped a lot understanding the lectures and getting through the exams. I started FMBA shrouded in vague fear of finance. Fortunately, the professors’ lectures were motivating and easy to understand, alleviating my concerns I had for finance, and ultimately setting the stone for graduating top of my class. Q. What was the most memorable event during the FMBA Program? I thoroughly enjoyed the time in ESADE Business School, Barcelona, Spain, when I partook in the International Residence Program (IRP). I had the pleasure of attending global strategies related lectures given by the best academic staff of business schools in Europe, and had the opportunity to visit interagency and business entities, learning about local support for startups. I also enjoyed the bike tour around Barcelona, visiting a local winery and a football stadium. One the weekend and at dinner, we would visit tourist sites which provided a good chance to become a closer to my friends. Q. What did you take from the FMBA Program? Having taken various courses in banking, finance, accounting, international business, economics, and practical finance affairs, I was able to broaden my horizon on the financial market and cultivate deeper appreciation of other industries’ financial businesses. In addition, relative to my experience as an undergraduate, I was graced with more time to discuss with and consult my professors, at the same time, expanding my network of friends. Q. Could you give a word of advice to prospective FMBA students? The FMBA Program is much more than simply learning about theories. The curriculum consists of reading various cases in banking and finance, staying on top of the latest research trends, and getting hands on practical affairs in finance. Therefore, I am confident in saying that FMBA would provide a beneficial stage supported by the best faculty staff in the country, its systematic alumni network, and academic resource that would train its students to become desirable talents in the financial industry. I hope you would enjoy your time working with others and improving yourself along the way. Sunghyun Park (11th Class of Finance MBA) Q. What is the secret to graduating top of your class? I am glad that I finished my one year program with the Dean’s Award. The FMBA professors helped me manage the challenging subjects and obtain good grades. Every lecture, the students would check each other to make sure we have understood the content, and expound on the more difficult topics. I was motivated to focus during the lectures, and I found the group projects very meaningful. We were asked to apply the theories and topics we have learned on real life cases. This taught me that book lessons can transcend their face value to become applicable in practical affairs. Q. What was the most memorable event during the FMBA Program? I liked the professors’ lectures, but I remember spending time with my fellow students the most. My memorable experiences include exchanging gifts with my friends at the year-end party in lecture halls, attending IRP in Spain, and having steamed snow crab on the beaches of Sokcho. Q. What did you take from the FMBA Program? The FMBA curriculum shares many similarities with practical affairs so the program would help when doing actual work in companies. Lectures on valuation, administrative accounting, and analysis of financial statements gave me a better understanding of credit-rating. Also, undertaking international finance related courses helped to deepen my outlook on foreign exchange. I believe that the knowledge I have accrued from these courses will be valuable in the future allowing me to have a better understanding and more effectively executing new tasks. Building on what I have learned from FMBA, I intend to implement policies that would help exporters. Q. Could you give a word of advice to prospective FMBA students? To some students, the one year time frame would appear to be short, but the time spent at KU FMBA is an invaluable experience many wouldn’t forget. I hope students would be relieved from the pressure to be successful in life and genuinely enjoy their time with their new friends. In a year’s time, they would find themselves matured more so emotionally than intellectually. Yoon Hee Hong (11th Class of GMBA) Q. What is the secret to graduating top of your class? I left work to enroll in the GMBA program, so I was determined to be active and work hard. But as a life sciences undergraduate, there were numerous materials I didn’t understand from the first day. Eventually, I had to rely on the help of my professors and my classmates who have relevant degree. I think I also learned a lot from class discussions with people from different majors and various work experiences. I would like to thank Professor Yong Keun Yoo who has helped me a lot through the year. I also look back fondly at the time spent discussing career options with my friends and the encouragements I received from the 11th Class of GMBA students. Last but not least, I am indebted to my husband who has been bedrock of support ever since I made the decision to quit work to enroll in the GMBA program, and it is because of him and our family I was able to graduate with such promising grades. Q. What was the most memorable event during the FMBA Program? I have made many fond memories over the past year: the orientation where we performed Sa-bal-shik (a tradition where incoming students drink a bowl of Makgeoli and soju) and learned FM; KU-Yonsei Games that brought us closer; and the IRP in Barcelona followed by a friendship travel. The most memorable experience was my time in ESADE where I participated in IRP for. I had the chance to learn about foreign markets and policies. I also remember preparing a mock presentation on foreign attraction with my group members. Q. What did you take from the FMBA Program? In the GMBA program, I made friends with people whom I believe will work in diverse fields, and my class discussions with this cohort provided a stage to share information and experience. I was also able to extend my network of friends to include people working in my field. My plan is to return to my work to apply my newly acquired knowledge and network and ultimately further my career. Q. Could you give a word of advice to prospective GMBA students? I would like to congratulate the 12th Class of GMBA students. I can assure them that one year will fly by. People who maintain their passions to learn and experience new things will graduate having obtained their originally desired knowledge and network. I hope they will be able to have many memorable experiences with their new friends. I look forward to seeing the 12th Class of GMBA students in upcoming school events.
[Special Interview: LINC+ Project] Dreaming of Becoming Korean Silicon Valley with Innovation and Coexistence
Special Interview: LINC+ Project l Associate Dean for Research Jae-Nam Lee Dreaming of Becoming a Korean Silicon Valley with Innovation and Coexistence Korea University (KU) has been selected by the Ministry of Education in its “Leaders in Industry-university Cooperation Plus (LINC+) Project.” To solve unemployment and labor shortages, five departments including △Korea University Business School (KUBS), △ College of Engineering, △College of Health Science, △College of Informatics, and △School of Art & Design have participated in the project and have received 3.2 billion won worth of funds. <KUBS Journal> asked KUBS Associate Dean for Research Jae-Name Lee about the purpose of the program and the future plans of KUBS. Q. What are the features of the LINC+ Project? The LINC+ Project strives to achieve two goals. One is providing undergraduates and graduates with jobs or encouraging them to establish startups. The other is collaboration with local community. The essence of LINC+ is developing “Anam-Hongreung Silicon Valley” into a “Korean Silicon Valley.” The Seongbuk area along the regions of Anam and Jongam has high population density, but its business development has been rather slow. This area has a strong basis in educational and research facilities and boasts a huge number of highly skilled workers. It is a huge business asset. Business and academic cooperation between KU and Korea Institution of Science and Technology gives us a glimpse into its immense potential. Another LINC+ objective is to contribute to the local community through the use of local infrastructure. The College of Engineering’s research publications and intellectual properties can identify the needs of the community and provide solutions. For example, they can form a partnership with the SMEs within the area for R&D and provide internships for undergraduates. This coexistence is a big differentiation factor of LINC+. Q. What do you think helped KU to become selected for LINC+? I think there are three main reasons for the selection of KU, a research-oriented institution. First, its local community. The area around KU is not developed. Second, they are looking for research-oriented universities to lead the development of its local community and co-exist. Silicon Valley became the most dynamic place for innovation owning to the support of Stanford University. Lastly, the cluster of industries, universities, and institutions can bring about synergies. Recently, we have formed a partnership between startup-centered SungShin Women’s University, Kookmin University, and their consortium with Kyung Hee University. Q. Among the projects under LINC+, we’ve heard there are many that are being operated under the partnership between Industry-academia Cooperation Foundation, KUBS, and the College of Engineering Department. What kind of businesses are planned? We first conducted a survey on SMEs near KU and individuals to examine what they need. From here, we planned four specialized industries including energy and new materials to expand the students’ opportunities for employment and startups. The main tasks of our business school are supporting startups, seeking domestics and international internships, and developing business cases. In hindsight, most of the projects that LINC+ are planning are already under operation in KUBS. Our business school looks to take one step ahead to identify beforehand what is necessary in actual industries to provide our students with more diverse experiences. Then, we will try to bring our alumni to the school so they can share their experiences with current students. We also aim to put emphasis on field internship and student-centered degree program. For internships, students will not be limited by school semesters. Furthermore, they will be able to develop their own major. For example, a student majoring in mechanical engineering or business studies will develop his own mix of “Design — Engineering — Business.” Contrary to other departments, we seek to provide domestic and international internships, local community project, and an educational program in Industry-academic Cooperation. Q. What are LINC+’s goals and future plans? From educational perspective, we plan to secure experts in industry-academic cooperation. KU is scheduled to employ seven professors of the field this October, and KUBS will look at employing two. We are looking to select those with more than ten years of industrial experience who can actively communicate and have insights into startups, domestic and international internships, and business development cases. In the light of the project, there will be a specific partnerships with nearby industries, universities, and institutions. Primarily, the school will sign an MOU with Sungshin Women’s University and then continue on to develop MOUs with Korea Institute for Defense Analyses, Korea Institute for Industrial Economics & Trade, Kookmin University, Kyung Hee University, etc. Its alumni association will take part in during the process. Also, a membership-based infrastructure will be established. Under the leadership of KU, the school will employ its research environment and facilities to create a synergistic platform that would include enterprise entities. Lastly, we are seeking to include departments other than business studies and engineering sciences to create an “Anam-Hongreung Silicon Valley.” We will create a “Korean Silicon Valley” based on employment, startups, and cooperation with the local community and set an example for the rest of the world.