Dean’s Luncheon Held for Students to Recognize Academic Excellence
Dean’s Luncheon Held for Students to Recognize Academic Excellence in Fall 2016 On March 29, Korea University Business School (KUBS; Dean=Professor Soo Young Kwon) held the Dean’s Luncheon at Cuckoo Hall in LG-POSCO Building. The event is designed to recognize students who demonstrated exceptional academic achievement in Fall 2016 and to encourage their studies. Fifteen students attended and enjoyed the luncheon with KUBS Dean Soo Young Kwon. The students had the opportunity to talk with Dean Kwon, as well as sharing the overall school life including their studies and career goal. Dean Kwon encouraged the students excelling in academics and also advised them to do their best in the future. “I would like to give a sincere round of applause for the students who worked so hard on their studies,” Dean Kwon said at the award ceremony. “KUBS will continue to fully support students to ensure they reach their goals.” A total of 35 students earned a perfect GPA as of Fall 2016. Of 35 students, eleven students who maintained a 4.5 GPA two semesters in a row (Spring and Fall 2016) were granted the President’s Award. The rest of the students received the Dean’s Award for having a perfect GPA in Fall 2016 only.
KUBS Produces the Largest Number of CEOs in Top 500 Companies among Private Universities
KUBS Produces the Largest Number of CEOs in Top 500 Companies among Private Universities Korea University Business School (KUBS Dean=Professor Soo Young Kwon) is ranked first among Korean private universities in producing the largest number of CEOs in Top 500 Companies. While Korea University has the highest number of CEO alumni among private universities in Korea, KUBS is the top producer of CEOs at the college level. The CEO Score (Head Ju-gun Park), an organization that evaluates corporate management performance, conducted a survey on the alma maters of the 480 CEOs of the top 500 companies in Korea, and confirmed that 19 CEOs are graduates of KUBS as of April 1. The notable CEOs who graduated from KUBS include △Chang-soo Huh; Chairman of GS Group (Business, ’67), △Cheol Young Lee; CEO of Hyundai Marine & Fire Insurance (Business, ’71), △Jin-soo Huh; Vice Chairman of GS Caltex (Business, ’72), △Jeongwon Park; Chairman of Doosan Group (Business, ’85), △Mong-won Jeong; Chairman of Halla Group (Business, ’74), △Mong-jin Chung; Chairman of KCC (Business, ’79) △Mong-gyu Chung; Chairman of Hyundai Development Company (Business, ’80), △Chang-soo Kim; CEO of Samsung Life Insurance (Business, ’73), and △Young-jin Lim; Chief of Shinhan Card (Business, ’86). In the overall rankings, including public universities, Seoul National University Business School is ranked No. 1 by producing 21 CEOs. △Yonsei School of Business (14 CEOs) came to third followed by △Seoul National University School of Chemical Engineering (11 CEOs), △Seoul National University School of Law (9 CEOs), and △Korea University Law School (8 CEOs). According to the survey, the universities that have produced the most CEOs are △Seoul National University (122 CEOs), △Korea University (52 CEOs), and △Yonsei University (44 CEOs). The most common degrees among CEOs are as follows: △Business Administration (105 CEOs), △Economics (39 CEOs), △Engineering (30 CEOs), △Chemistry & Chemical Engineering (30 CEOs), and △Law (24 CEOs).
“Global CEO Special Lecture” Course by Polestar Healthcare CEO Yeo Dong Yun
“Global CEO Special Lecture” Course by Polestar Healthcare CEO Yeo Dong Yun On April 6 (Thu), Yeo Dong Yun, CEO of Polestar Healthcare, conducted a lecture in room 432 of LG-POSCO Building. Polestar Healthcare is a high-tech company that provides radiology services. The title of the lecture was “Entrepreneurship & Frontier Spirit.” “Being a medical doctor, I strongly felt a need for business knowledge and thus decided to pursue the EMBA Program at Korea University,” CEO Yun said. “It was not easy to work and study at the same time, but I have learned much more than I expected.” “Medicine and social science are inseparable. Whatever job you get, you should have entrepreneurship and frontier spirit to keep up with today’s changing society,” he added. “To achieve my goal of developing business that can contribute to society, I walked into a bookstore and read startup books. If you come up with a creative idea, start your business with an entrepreneurial spirit.” CEO Yun, who is also the President of EMBA Alumni Association, ended his lecture after stressing not to lose Korea University’s principle “Frontier Spirit.” The “Global CEO Special Lecture” course offered by Professor Soo Young Kwon is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures are as follows: △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15).
KU Tops among Korean Private Universities in QS World University Rankings by Subject
KU Tops among Korean Private Universities in QS World University Rankings by Subject Of 302 universities, Korea University is ranked 45th for the subject of Business & Management in the QS World University Rankings, resulting in the best performance among the private universities in Korea. The overall score of Korea University (KU) for the subject of Business & Management is 77 points, ranking second in Korean universities after Seoul National University (79.5 points). KAIST and Yonsei University are ranked in the top 51-100, while Hanyang University and Sogang University joined the 101-150 list. The other domestic universities appeared in the rankings as follows: Kyung Hee University in the 51-100 range, Ewha Womans University in the 201-250 range, and Chung-Ang University in the 251-300 range. Harvard University has been ranked as the top university in the world followed by London Business School (2nd), INSEAD (3rd), Massachusetts Institute of Technology (4th), and University of Pennsylvania (5th) In addition, KU is ranked 47th worldwide in the subject of Accounting & Finance among 200 universities with the overall score of 74.7. Among universities in Korea, KU came in second after Seoul National University (76.1 points). The university scored higher than the previous year. Quacquarelli Symonds (QS), an organization evaluating global universities, has been annually releasing “The World University Rankings” since 2011. This particular ranking covers 46 disciplines and evaluates based on four performance indicators, such as △Academic Reputation, △Citations per paper, △Employer Reputation, and △H-index citations. The first 50 universities are ranked sequentially whereas those that fall between 51 and 200 are grouped into three categories: 51-100, 101-150, and 151-200. Meanwhile, KU is ranked within the Top 50 in 8 out of 46 disciplines and has outperformed the private universities in the nation. Furthermore, the university received an excellent evaluation by placing in the Top 100 in 24 other disciplines.
“Global CEO Special Lecture” Course Delivered by BCG Managing Director Soo-il Chai
“Global CEO Special Lecture” Course Delivered by BCG Managing Director Soo-il Chai On March 30 (Thu), Soo-il Chai, Managing Director of Boston Consulting Group (BCG), one of the top three consulting firms in the world, delivered a lecture in room 432 of LG-POSCO Building. The topic of the lecture was “Unleashing Your Breakout Growth Potential,” covering △BCG’s recruiting process and key selection criteria, △Mission and vision, and △Job description of a consultant. “During my first interview at BCG, the interviewers asked me how to calculate the weight of the Boeing 747 aircraft that I took,” Chai said. “A consultant must be able to effectively and proactively solve problems.” At the lecture, Chai emphasized that the key attributes of becoming a good consultant are the ability to address issues with a cool-headed approach and communication skills that persuade clients. “Companies are all about achievements. Consulting that cannot lead to achievement and growth is waste of time and money,” said Chai while explaining the roles and duties of a consultant. Chai encouraged students dreaming of becoming a consultant as well as giving realistic advice to participants who have questions and concerns about their future career. ▶ Click here to view photos of the special lecture ◀ The “Global CEO Special Lecture” course offered by Professor Soo Young Kwon is designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. The upcoming special lectures are as follows: △Polestar Healthcare CEO Yeo Dong Yoon (April 6), △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15). Related Article "Global CEO Special Lecture" Course Delivered by ETRO CEO Choong-hee Lee
"Global CEO Special Lecture" Course Delivered by ETRO CEO Choong-hee Lee
"Global CEO Special Lecture" Course Delivered by ETRO CEO Choong-hee Lee On March 16 (Thu), the special lecture — delivered by Choong-hee Lee, CEO of DUO, which imports Italian luxury brand ETRO — was held in Room 432 of LG-POSCO Building. The topic of the lecture was “Ways to Be a Successful Leader.” The lecture was given as part of “Global CEO Special Lecture” course, which is a newly offered major elective course this semester. CEO Choong-hee Lee shared his insights to the KUBS students, emphasizing the five virtues of becoming a successful leader: △Live with a thankful heart, △Have a positive mindset, △Always work hard, △Value your relationships with others, and △Be generous to others. CEO Lee serves as CEO of DUO, a company that imports apparel and sundries of Italian brand ETRO. In 2002, he established “Baekwoon Scholarship Foundation” and has donated more than 2.7 billion won in scholarships to about 1,200 college, high school, and middle school students. The “Global CEO Special Lecture” was designed for students to learn business direction for the future, take advice from young leaders, and gain insights into business experience that CEOs of leading companies in Korea and worldwide went through. “This class will allow our students to understand the reality of some companies and industries even better by meeting CEOs who are engaged in their own fields,” said Dean Kwon who also teaches the course. “As guests share their experiences and qualifications required as a global CEO, I anticipate that students can get help planning for their future career. ▶ Click here to view photos of the special lecture ◀ On March 2, the first lecture, titled “Act Like a CEO and Will Be a CEO,” was given by KUBS Dean Soo Young Kwon. Startup Crowd Y CEO Scott H. and CEO Choong-hee Lee delivered the second and third lectures, respectively. The upcoming special lectures are as follows: △Boston Consulting Group Head Soo-il Chai (March 30), △Polestar Healthcare CEO Yeo Dong Yoon (April 6), △Astronergy Solar Korea CEO Jyh-Ping Chang (April 13), △GS Home Shopping Managing Director Young-hoon Park (April 20), △Etienne Rolland-Piègue Chief Councilor (April 27), △Living Hankook CEO Young Mok Kim (May 11), △Hyundai Capital Vice President Yoo-no Hwang (May 18), △Swarovski CEO Nami Oh (May 25), △MIDAS IT CEO Hyungwoo Lee (June 1), △Eco Capital CEO Hyung Keun Jang (June 8), and △Domino Pizza CEO Kwang Hyun Oh (June 15).
806 Graduates Who Will Bring Glory to KUBS
806 Graduates Who Will Bring Glory to KUBS On February 25, the 2016 Korea University Business School (KUBS) Commencement Ceremony was held at Inchon Memorial Hall. KUBS Dean Soo Young Kwon, Korea Investment Holdings Vice Chairman Nam-Goo Kim, Executive MBA (EMBA) Alumni Association President Yeo Dong Yoon, Korea MBA (KMBA) Alumni Association President Dong Kee Shin and KUBS faculty attended the ceremony. The graduating KUBS students donned in caps and gowns filled the auditorium in Inchon Memorial Hall. Also, their families sat on the second floor of the auditorium to celebrate graduation. A total of 806 KUBS students received degrees this year (△478 undergraduate students, △47 MS students, △23 PhD students, △185 KMBA students, △48 EMBA students, △2 Euro-Asia MBA students, △21 AMBA students, and △2 GMBA students). ▲KUBS Dean Soo Young Kwon is delivering his commencement remarks. ▲Korea Investment Holdings Vice Chairman Nam-Goo Kim (Business, '83) is giving his keynote address at the 2016 KUBS Commencement. After the Pledge of Allegiance and the singing of the national anthem, Associate Dean Jaehwan Kim and Associate Dean Kyung Sam Park presented undergraduate and graduate academic reports, respectively. “Economy, politics, and other external circumstances are clouded in uncertainty,” Dean Kwon said. “With our passion and efforts, I am confident we can overcome obstacles that we are encountering.” The award ceremony for students recognized for their academic achievement was held, followed by the diploma presentation. △You Jin Hwang (Undergraduate, ’09), △Jinyoung Park, △Seo Young Yoon, △Chanju Hwang (KMBA, ’15) were awarded the President’s List, while △Changyun Oh (KMBA, ’15) △Myeong Keun Ma (EMBA, 13th Class), and △Perichiappan Perichappan, Ganesh Attangudi (AMBA, 8th Class) were placed on the Dean’s List. The diplomas were handed out by Dean Soo Young Kwon. Associate Dean Kyung Sam Park and other research supervisors celebrated and encouraged their students. The commencement ceremony ended by throwing graduation caps and singing the university song.
KU Tigers Ready to Embark on New Chapter at KUBS
KU Tigers Ready to Embark on New Chapter at KUBS On February 20, 2:00 p.m., the 2017 Korea University Business School (KUBS) New Student Orientation was held in room 602 of Woodang Hall. KUBS Dean Soo Young Kwon, KUBS staff, and about 260 new students made their presence at the orientation, which was designed to introduce the curriculum and academic guidelines to students. The orientation started off with a congratulatory speech by Dean Soo Young Kwon. “Many influential leaders from KUBS have been at the center of the Korean economy over the past 50-60 years,” Dean Kwon said. “I hope you all become pioneers leading Korea in the next 50-60 years.” “The world is changing exponentially, and we cannot predict the future with the current method. Figure out what you really want to do and prepare for the future,” he added. The orientation contained useful information about the university, such as △International Programs, △Undergraduate CDC Programs, △Scholarships, △Leave of Absence/Return to School and Graduation, △Curriculum, and △Course Registration. In the middle of the orientation, “Special Lecture on Finance” by Financial Supervisory Service and “Gender Equality on Campus” by Gender Equality Center were given. The total number of new KUBS students matriculated in 2017 is 435, including 72 international students. The KUBS international students are from a variety of countries such as China, Mongolia, Australia, and Canada. Under the slogan “Business for Society – Inspiring Next Leaders,” KUBS aims to nurture global leaders contributing to society.
KUBS Signed MOU with PHBS in China
KUBS Signed MOU with PHBS in China Korea University Business School (Dean=Professor Soo Young Kwon) singed a MOU with Peking University HSBC Business School (PHBS). The MOU includes △Graduate and MBA-level Student Exchange Program and △academic exchanges, including joint research and seminar. Each university can send two students per semester to study overseas. Exchange students may study for up to one academic year and take the following course areas in English offered at PHBS: Business Administration, Economics, and Finance. ▲ Korea University Business School singed a MOU with PHBS on January 11. “Through this agreement, KUBS and PHBS can actively communicate and build a robust network,” Dean Soo Young Kwon said. “I especially hope there will be even more graduate-level research and academic exchanges between the two universities.” ▲ The panoramic view of PHBS The Peking University Shenzhen Graduate School of Business was founded in 2004 and renamed HSBC Business School in 2008. PHBS has a total of 61 full-time faculty. The university is ranked No. 129 in the UTD Rankings, an evaluation index indicating the research performances. Shenzhen, China, where PHBS is based, is a major city located in Guangdong Province adjacent to Hong Kong. The city has a population of about 11 million with an average age of 30 years. The headquarters and factories of the global leading companies in China, such as BYD, Foxconn, Xiaomi, and Tencent, are situated in Shenzhen, a rising city where the future of China can be anticipated. For further inquiries on the Student Exchange Program, contact the KUBS International Office (firstname.lastname@example.org).
KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey” among Private Universities
KUBS AMP Ranks No. 1 in “2017 AMP Preference Survey” among Private Universities Korea University Business School's Advanced Management Program (AMP) topped in the "2017 AMP Preference Survey" among private universities. The KUBS AMP received excellent evaluations in the business and economics assessment and is ranked second overall among private universities followed by △Yonsei University (3rd) and △KAIST (4th). The ranking is two spots higher than the previous assessment. The newly revised curriculum and innovative participant composition have positively affected the results. “The KUBS AMP—featuring the powerful alumni network—consolidated its reputation through curriculum innovation,” the university officials said. The KUBS AMP focused on enhancing its competitiveness, including its curriculum innovation, in order to develop a distinguished advanced management program, thereby receiving a high score. The lectures have been revised 100% for the innovation of the education program. “We changed the contents of lectures by adding science subjects such as Biotechnology,” said Professor Sang Yong Kim who is AMP Director. Also, the AMP selected second-generation business leaders to strengthen the power of the network. The average age of the program participants has dropped to early 50s. The quality of the network has improved as well. The program enhanced the interview process, resulting in eliminating more than 10 applicants. The KUBS AMP, which is well known for its alumni network, has a special curriculum called “3rd Period.” After second period, students can go out for a beer and develop a network, and that is part of the AMP curriculum. The purpose of this session is to utilize networking assets by building a strong alumni network. “Half of the AMP students said that the reason for taking the program is to acquire necessary knowledge for business management whereas the other half said it is to build a network with dignitaries. I can assure you that Korea University has the most powerful network than anywhere else,” KUBS Dean Soo Young Kwon said. In addition, the KUBS AMP, which has been running its alumni association since 1976, has a curriculum using Korea’s largest alumni network of 5,000 graduates. “We provide an event where AMP students and graduates can attend to maintain KU’s unique alumni network,” Dean Kwon said. Meanwhile, the assessment, jointly conducted by Korea Economic Daily and Global Research, was surveyed by 417 human resources executives and managers from the government and public enterprises. The 42 AMP programs, which were recommended by 20 major universities in Seoul, were categorized in six areas and were scored based on the following indicators: △curriculum, △current and future reputation, and △network. Each section was ranked either from 1 to 3 or 1 to 5.
KUBS Unveils New Shield Logo … Reflecting KUBS Vision and Identity
KUBS Unveils New Shield Logo … Reflecting KUBS Vision and Identity Korea University Business School (KUBS) unveils its new shield logo. The shield features a globe, which resembles KUBS stepping up to the world stage, and the tip of a pen indicating academic exploration. Beta (Β) and Sigma (Σ) represent “BS,” an abbreviation of Business School. The Latin alphabets were used to express the ideology of studies. Previously, KUBS shared the same logo of Korea University; however, as the business school uses its unique shield, KUBS can now express its vision and identity. The new logo has a shield shape — just like the logo of Korea University. The shield connotes Yong Ik Lee’s belief “National Salvation through Education.” As KUBS falls under the Division of Humanities and Social Sciences, the shield is "party per fess," which is halved horizontally. Crimson, the signature color for Korea University, is mainly used, and KUBS’s primary color, dark brown with straight lines is used on the bottom. These straight lines indicate the KUBS buildings, emphasizing the university’s identity while the overall balance and density of the shield logo were considered. KUBS will gradually apply the new shield logo in many communication channels, such as the website, brochures, and other internal and external materials. In the meantime, as part of celebrating its 111th anniversary, Korea University collected special features of each college and distributed the new symbols to the 21 colleges last year. The symbols contain each college’s pride and dignity. Although all colleges use the same shield shape, the shield of each academic field is divided as follows: The Division of Humanities and Social Sciences and the Division of Natural Sciences and Engineering are parted in horizontal and vertical lines, respectively. The Division of Arts and Music is parted diagonally from upper right to lower left.
2017 KUBS Full-time MBA Admissions Open
2017 KUBS Full-time MBA Admissions Open GMBA/CEMS MIM and S3 Asia MBA are now accepting applications for 2017 admission The application deadline for GMBA/CEMS MIM Dual Degree Program is March 30 (Thu) The application deadline for GMBA Single Degree Program and S3 Asia MBA program is April 28 (Fri) Korea University Business School (Dean=Professor Soo Young Kwon) is now accepting applications for Fall 2017 MBA admissions. The two full-time MBA programs that admit new students in 2017 are: △GMBA/CEMS MIM and △S3 Asia MBA. The Finance MBA Program has been reorganized, and its admission for Spring 2018 will begin in Fall 2017. The GMBA/CEMS MIM has three application rounds. In Round 1 and Round 2, applicants can apply for both GMBA Single Degree curriculum and the GMBA & CEMS MIM Dual Degree curriculum whereas the third round is for the GMBA Single Degree curriculum only. The application period for Round 1 is closed. The deadlines for the Round 2 and Round 3 are March 30 (Thu) and April 28 (Fri), respectively. In Round 2, the interview will be held in April 15 (Sat), and final decisions will be released on April 25 (Tue). The dates of the Round 3 interview and decision notification are as follows: May 20 (Sat) and May 31 (Wed). Two information sessions are scheduled to be held on △March 18 (Sat) at 2:00 p.m. and △April 5 (Wed) at 7:30 p.m. ▶ For further details, click the link: http://biz.korea.ac.kr/en/mba/global-mba/admission The S3 Asia MBA Program (AMBA) is an Asia-specialized program offered by three leading universities — Korea University, Fudan University, and National University of Singapore. Students can obtain two degrees, one from Korea University and another one from other two universities. The AMBA accepts applications until April 28 (Fri). The results of the application screening stage will be released on May 12 (Tue). The interview will be conducted on May 20 (Sat), and final decisions will be announced on May 31 (Wed). Along with the GMBA/CEMS MIM, two information sessions are scheduled to be held on △March 18 (Sat) at 2:00 p.m. and △April 5 (Wed) at 7:30 p.m. ▶ For further details, click the link: http://biz.korea.ac.kr/en/mba/s3asia-mba/admission The Fall 2017 MBA Admission is available at https://bizapply.korea.ac.kr/en/ For further inquiries, please contact the Administrative Office of MBA Programs at 02-3290-5365.
Special Lecture by JYP CEO Wook Jung, “Active and Open-minded Talents Have More Creativity”
KUBS Startup Institute’s Entrepreneurship Academy Lecture Series Special Lecture by JYP CEO Wook Jung, “Active and Open-minded People Have Creativity” On December 9 at 1:30 p.m., a special lecture “The Success of K-POP and Creative Talents,” delivered by JYP Entertainment CEO Wook Jung, was held at KUBS Startup Station in KUBS Main Building. As part of the Entrepreneurship Academy Lecture Series, the session aims to educate students to understand diverse academic areas—such as business and liberal arts—by inviting related mentors and sharing innovative experience and advice. CEO Jung pointed out that one of the reasons K-POP continues to grow is because the size of target customers is rapidly increasing due to relevant market expansion in North America and other countries. In other words, the development of platforms and digital devices have made people from around the world consume K-POP even more. K-POP fans who voluntarily listen to Korean music through digital platforms have become the principal engine of expanding and reproducing K-POP. “We should focus on establishing a niche,” CEO Jung said. “For instance, TWICE, Korean girl group, released the music video, featured zombies. We believed that the zombie-theme can surely intrigue anyone all over the world.” CEO Jung indicated that when producing music, an entertainment agency should anticipate the global market demands and preferences. CEO Jung also explained about the K-POP global marketing in the past and the present. “We should continue to drive sales growth and business diversification by focusing on markets, which were expanded based on IP services,” he said. Prior to 2015, many entertainment agencies globalized their business by sending Korean singers overseas. However, they have been producing Asian-based multinational idol groups since 2015. One good example is Tzuyu of TWICE. Starting 2016, agencies have implemented localization strategies worldwide and have been releasing songs fit for the local culture. For instance, if a Korean singer performs in Japan, the song will be sung in Japanese. CEO Jung emphasized that desire creates a market. He explained with an example of his childhood cartoon Winnie the Pooh. “When you were young, you perhaps imagined the taste of Pooh’s pancakes,” CEO Jung said. “We have to create a market, for example, making people want to visit the filming locations when they watch a movie.” Global marketing must be designed to stimulate desire for eating Korean food, seeing Korean culture, and furthermore visiting Korea. This is also known as Creation of Desire. CEO Jung believes a creative talent is the one who knows how to express his feelings to a boss. “JYP (Jin-young Park) and I like staff members who can talk back to us,” he said. “When I ask staff members’ thoughts on a song, the one who is brave enough to say ‘I just don’t like it’ without any explanation is blunt but creative.” CEO Jung believes that a true creative talent can be discovered if there is a tension-free atmosphere. In fact, he does not prefer recruiting typical applicants who wear a suit for their job application photography. CEO Jung once hired a staff member who used the wrong company name. “We can provide you the market,” he said. “But, do you really think that I, who have been in K-POP for 17 years, will be intrigued by someone who explains about the current K-POP status and propose its business? We are attracted to people who point out our problems and have guts to criticize us.” “I am here with the expectation that I will have the opportunity to communicate with you and possibly work together in the future. It is my great honor to be here at this wonderful place where something new will begin,” CEO Jung concluded. “As we live in the era emphasizing diversity, creative talents that CEO Jung has stressed can actively engage in various fields,” said Jisun Rha (Business, ’12) who attended the special lecture. “The session was significant as I was able to meet professionals in my area of interest, improve an understanding of the Korean entertainment industry, and get to know their desired talents for the related field.”
“2016 KUBS Worldwide Business Research Rankings” Released…KUBS Ranked 74th
“2016 KUBS Worldwide Business Research Rankings” Released…KUBS Ranked 74th Analysis on 40,000 publications data from 86 business journals, University of Pennsylvania ranked #1, followed by Erasmus University Rotterdam (#2) and University of Michigan at Ann Arbor (#3). A broader evaluation on research capacity compared to the UTD Rankings focusing on Western Universities. The Center for Business Research Analytics at Korea University Business School (KUBS; Dean Soo Young Kwon) released the 2016 Korea University Business School Worldwide Business Research Rankings™ (KUBS Rankings). This year, the University of Pennsylvania was ranked 1st place, while Erasmus University Rotterdam and University of Michigan at Ann Arbor were ranked as the top universities, placing 2nd and 3rd, respectively. Within the Asian region, City University of Hong Kong (8th) and National University of Singapore (9th) placed within the top 10, and Hong Kong Polytechnic University (20th) and Hong Kong University of Science and Technology (23rd) ranked within the top 20. Korea University has been ranked as the one and only university in Korea to be named within the top 100, being the 74th in the world. Other Korean universities ranked as follows: Korea Advanced Institute of Science & Technology (139th), Yonsei University (164th), and Seoul National University (167th). Korean universities have shown notable performances this year. While the rankings were not especially high, KUBS – as the leading university in Korea – moved up one spot higher from 75th to 74th this year. Other top Korean universities also showed great increase in ranking as follows: Korea Advanced Institute of Science & Technology moving up 36 spots (175th in 2015), Yonsei University moving up 19 spots (183rd in 2015), and Seoul National University moving up 4 spots (171st in 2015). KUBS Rankings, annually released towards the end of the year, is an evaluation index which indicates the research capabilities and performances of universities worldwide by data analyses on 40,000 publications listed in the 86 distinguished journals. While the worldwide rankings are released as an overall index which can be viewed by Rankings by Area – divided by seven business research areas of study – and Rankings by Journal. The Areas include △Accounting △Finance △Management △Management Information System (MIS) △Marketing △Operations Management & Management Science (OM/MS) △International Business (IB) & Strategy. Five years of publication data from 2011 to 2015 have been computed for the 2016 KUBS Worldwide Rankings. The top 300 universities have been ranked based on the sum of converted scores, reflecting the number of authors and their affiliations. The KUBS Rankings provides analyses on a wider scope of journals compared to the UTD Top 100 Business School Research Rankings™ (UTD Rankings) which conducts analyses only on 24 distinguished journals. While there is a tendency for the UTD Rankings to show outstanding performance of universities mainly in the United States, KUBS Rankings strives to have its base on a more practical evaluation standard by conducting analysis on a broader variety of journals so that the top universities in the European region as well as the ones in the Asian Pacific region will not be undervalued. “The goal of KUBS Rankings is to provide an active and inclusive evaluation on business schools around the world,” KUBS Dean Soo Young Kwon said. “Since KUBS Rankings has created a database of a wide variety of prestigious business journals, it has been recognized its potential to grow as the major index for evaluating the capability for research on studies of the business field. Currently there is an increasing number of inquiries continued from all over the world.” The details and information on the 2016 Korea University Business School Worldwide Business Research Rankings™ and other supplementary rankings can be found at kubsrankings.korea.ac.kr.
KUBS Startup Institute Selects Its 2nd Teams…"Startup Express Winter Season"
KUBS Startup Institute Selects Its 2nd Startup Teams…"Startup Express Winter Season" 4 teams out of top 9 teams were awarded at the competition on December 9 The 2nd startup teams of KUBS Startup Institute (Director: Professor Ho-Won Jung) are now finalized. On December 9 at 3:00 PM, “The 2016 Startup Express” was filled with enthusiasm of prospective entrepreneurs who wish to become Korea’s Mark Zuckerberg and to create the next Instagram. The 2016 Startup Express, hosted by Iljin Center for Startup Incubation at KUBS Startup Institute, is a startup competition where students can propose their creative business items based on entrepreneurship and innovation. A total of 12 persons, including △Minseop Kim (Manager of Lotte Accelerator), △Yushin Kim (CEO of Korea PCP), △Hicheon Kim (Head of Iljin Center for Startup Incubation), △Jooyoung Noh (Executive Officer of Dongwha Group), △Joong Yang Park (Director of Iljin Global), △Young-woong Song (Head of the Korea Times), and △Jaesun Shin (CEO of IT Winner, attended the event as judges. “It was a difficult decision to select just 12 teams for presentation among such talented applicants,” said Professor Hicheon Kim who is Head of the Iljin Center. “Through the 2016 Startup Express Winter Season, I hope there will be more talented entrepreneurs leading our society and economy.” A total of 43 teams, consisting of 156 undergraduates and graduates, from 16 universities in 3 countries have applied for the 2016 Startup Express Winter Season. The top 12 teams selected through a screening process presented their business items. The 2016 Startup Express Winter Season includes idea presentation and Q&A session. The judges chose four teams, which are Vlogr (Grand Prize), △B&B Brothers (Excellence Award), △Brave Peach (Encouragement Award), and △GridaZip (KUBS Research Association Award), based on the following criteria: △Creativity, △Marketability, △Business Feasibility, △Research and Analysis, etc. Vlogr (Grand Prize) B&B Brothers (Excellence Award) Brave Peach (Encouragement Award) Grineun (KUBS Research Association Award) The grand prize winning team, Vlogr, developed a video editing sharing platform, an app that helps people intuitively use video clips, as their business item. “Although videos are influential, people tend to have trouble delivering meanings in a video due to the difficulty of using editing tools,” Vlogr CEO TaeJun Lee (Business Administration, 11’) said. “As we are now living in the new media generation, I would like to contribute in producing various contents by developing intuitive and easy editing tools.” Meanwhile, the four winning teams of the 2016 Startup Express will move into Iljin Center for Startup Incubation in January. After moving in, the teams will not only receive budget for operation expenses and systematic startup education, but also continuous advice and support from mentors, composed of alumni entrepreneurs, industry experts, and venture capitalists. The other five teams recognized as having potential for development – △TICON, △CANVAS, △PrismStone, △Clickmation, and △Yein Company – will also move into the Iljin Center and continue their startup business.
Dodotdo (Iljin Center Team) Wins “D.Day” Competition Held by D.CAMP
Dodotdo (StartupTeam from Iljin Center) Wins “D.Day” Competition” Held by D.CAMP On December 1 (Thu), Dodotdo, a startup team from Iljin Center for Startup Incubation and a developer of integrated communication solution for business purpose, was crowned the winner of “The 35th D.Day,” held at the D.CAMP event hall in Yeoksam-dong. D.CAMP has been hosting a monthly startup demo day event called “D.Day” since June 2013. The event is known as “startup gateway.” Up to now, a total of 172 startups were on the stage. The leading companies, such as 8Percent and Nthings, were inducted to the D.Day Hall of Fame. ▲Dodotdo CEO Soyeong Sim (left), D.CAMP Director Kwanghyun Kim (right); Photo Credit: Platum (platum.kr) “I will take this award as encouragement to carry on our business and will continue to work harder,” said CEO Soyeong who has developed a solution by flying over to the U.S. several times to explore 50 best hotels and to understand its field. In addition to winning the award for the competition, Dodotdo also bagged Popularity Award voted by the audience. Furthermore, Dodotdo won “The 2016 Startup Express” hosted by KUBS Startup Institute. Dodotdo develops a convenient and fast integrated management solution on hotel and cruise service using a smartwatch. HIMS (Hospitality Intelligent Management System), which is the core solution of Dodotdo, is a solution installed with key functions on a smartwatch. The smartwatch was developed to improve the inefficiency in hotel business operations caused by different patterns and demands of customers along with the difficulty of carrying around mobile devices. Dodotdo introduced HIMS at Hospitality Industry Technology Exposition and Conference in New Orleans, U.S. in July of this year. Hotel and cruise companies all over the world are showing great interest in Dodotdo
Taling (Iljin Center Team) Wins Excellence Award in Startup Competition Held by Small and Medium Business Administration
“Taling (Startup Team from Iljin Center for Startup Incubation)” Wins Excellence Award in Startup Competition Held by Small and Medium Business Administration Taling, one of the startup teams from Iljin Center for Startup Incubation, won the Excellence Award in the crowdfunding sector of the “YES! Seoul Startup Competition,” which was jointly organized by Small and Medium Business Administration and Seoul Creative Economy Innovation Center. The event, held on November 23 at 2:00 PM at EL Tower in Seoul, was designed to enhance communication among local startup companies in Seoul and to promote investments and globalization. In the “YES! Seoul Startup Competition,” a total of 19 startups competed for the △two Grand Prizes and △two Excellence Awards, and 23,000,000 won prize. Approximately 600 persons participated in the event, including startup companies, university students, teenagers, prospective entrepreneurs, companies desiring to expand abroad, ventures, etc. “I had my own weight training session to tutor my college juniors,” said CEO Yoonhwan Kim. “As I shared my fitness talent to others, I thought other subjects and talents were applicable as well, and that was the start of Taling. Despite the low level of service quality at the beginning, Taling has successfully established a new culture of “Talent Matching” at Korea University by connecting more than 100 matches. Based on these experiences, the young entrepreneurs believed that their business idea is feasible and began the full-scale startup business. Taling was in the spotlight among startup businesses by accomplishing fruitful results of 3 billion won turnover in one year and a half after its launch. Taling won the Excellence Award in recognition of △surpassing Wadiz’s crowdfunding goal by 200% and △Excellence business performance and service completion. “Thanks to all tutors and tutees who have used Taling service, we had a valuable opportunity and received great reviews,” CEO Kim said. “Taling will continue to develop better services and always grow further.” Meanwhile, Taling has been showing continued growth of over 30% per month by attracting a wide range of clients from university students to workers. Recently, it has successfully received investments from Good Angels, an angel club formed by experts from diverse fields.
S³ Asia MBA Students Win 2nd Place in “Mahindra War Room" Competition
S³ Asia MBA Students Win 2nd Place in “Mahindra War Room” Competition Placed 2nd out of 2,214 participating teams…The first international team to win the competition since its launch On November 7 (Mon), the students of Korea University Business School’s S³ Asia MBA (AMBA) won second place in the “Mahindra War Room” held in Mumbai, India. The “Mahindra War Room” is an MBA-level case competition annually held by the Mahindra Group since 2008. The competition was launched to solve business issues that Mahindra Group faces. In the competition, each team selects one of the four following topics and develops a strategy: ▲Growth strategy in domestic market for SSsangyong Motor, ▲Growth strategy for Zoto App, ▲IT strategy for the new generation, and ▲Performance improvement strategy for Mahindra Racing Formula E Team. A total of 2,214 teams from all around the world participated in the competition. Twenty-five teams, consisting of 21 Indian teams and 4 international teams, made it to the semifinals while only 10 teams advanced to the final. ▲The AMBA students present their topic on “Zoto App’s growth strategy” in the grand finale. The AMBA student team has 4 members—▲Ganesh Attangudi Perichiappan Perichappan (8th Batch), ▲Eui Kyun Park (9th Batch), ▲Rachit Vyas (9th Batch), and ▲Gerillima Ang Chee Hui (9th Batch)—and named their team “Fudan Warriors.” The team was the only international team that successfully made it to the final by finishing first in the semifinals. Fudan Warriors won second place in the final. (From left) ▲Rachit Vyas (9th Batch), ▲Ganesh Attangudi Perichiappan Perichappan (8th Batch), ▲Eui Kyun Park (9th Batch) and ▲Gerillima Ang Chee Hui (9th Batch) “We sought advice from Nigerians at Funda University because our topic was about growth strategy for Zoto App used in Nigeria by Mahindra Group,” Gerillima Ang Chee Hui said. “Based on their information, we were able to understand the circumstances in Nigeria, which is quiet unfamiliar to Asians, develop a strategy, and learn many other things.” The Mahindra Group, the sponsor of the competition, is a multinational conglomerate that acquired Korea’s Ssangyong Motor. It generates revenue of approximately $7.1 billion and employs more than 100,000 people. Mahindra operates the key industries in India, taking a leadership position in utility vehicles, tractors, and information technology (IT). It also shows a strong presence in financial services, vacation ownership, consulting services, industrial equipment, logistics, etc. In 2014, Mahindra was listed in the Forbes Global 2000, a comprehensive list of the world’s largest, most powerful public companies, based on its revenue, profit, assets, and market value. Photo Credit: By Mahindra War Room’s Official Facebook www.facebook.com/mahindrawarroom
Postgraduate Program “EMBA CARE”
Postgraduate Program “EMBA CARE” On October 22 (Sat) at 4:00 p.m., the EMBA CARE (Continuing Alumni Reaching-out & Education) was held by Korea University Business School’s Executive MBA (EMBA) at room 432 in LG-POSCO Building. Professor Shijin Yoo delivered a lecture titled “The CEO Checklist for Successful Marketing.” The lecture began with the question “What is the survival inequality of our organization?” followed by eight other sub-themes including “What do we exchange with customers?” and “Is customer value taken into consideration?” The lecture covers an overview of corporate marketing strategy that CEOs should consider. “You should think about marketing strategy, find the significance of your company, and increase the number of customers who understand the corporate value,” Professor Yoo said. “You will be able to take one step toward successful business management by listening to opinions through customer contact points and by finding customer needs.” After the end of the CARE Program, the “EMBA Homecoming Day” was held at Ahn Young Il Hall in LG-POSCO Building from 6:00 p.m. △Former Dean Dong-One Kim, △Former Associate Dean Hosun Rhim, △Former Associate Dean Seung-Weon Yoo, △Former Academic Director Kyung Sam Park, △Academic Director Weon Sang Yoo, △Professor Shijin Yoo, △Alumni President Dong Shin Lee, and the EMBA students were present at the event. “KUBS is ranked 24th in the “2016 Top 100 Executive MBA Rankings” released by Financial Times in the United Kingdom,” Former Dean Kim said. “I hope the EMBA students will continue to contribute in advancing the world and becoming No. 1 in Asia.” The choral performance was presented by the 14th Class of EMBA. The students wore white colored shirts and belted out “Don’t Worry, Dear” and “Stepping Stones” under the choir conductor’s hand signals. “Some of the EMBA students could not make it to the event due to time conflicts,” Alumni President Lee said. “I will do my best to make more students participate in the next year’s event.”
Student of Management Receives KSBV Best Paper Award
Student of Management Receives KSBV Best Paper Award On November 5, Ju Hee Kim (Ph.D. student of Management), Professor Dae Il Nam, and Ji Hye Jeong (M.S. student of Management) received the Best Paper Award at the 2016 Korean Society of Business Venturing Fall Conference. The award paper was entitled “Does In-bound FDI Increase Firm Innovation? An Organizational Learning Perspective.” The authors empirically analyzed how Foreign Direct Investment (FDI) affects product and process innovation, using organizational learning. Based on the combined data from Science and Technology Policy Institute and the Ministry of Trade, Industry, and Energy, the paper concludes that FDI positively affects product innovation while organization innovation acts as a mediator in the relationship between FDI and product innovation. “I want to thank my advisor and co-author Ji Hye Jeong who have always supported me throughout the whole process,” Ju Hee Kim said. “I will continue to work diligently on my research so that I can return the favor by producing better research performance.”
Special Lecture by Gyeonggi Province Governor Kyung-pil Nam Held…"Rebuilding Korea"
KUBS Special Lecture Special Lecture by Gyeonggi Province Governor Kyung-pil Nam Held…"Rebuilding Korea" On November 9 at 10:30 AM, Gyeonggi Province Governor Kyung-pil Nam delivered his special lecture “Rebuilding Korea” at SUPEX Hall in LG-POSCO Building. The lecture was held as part of the “Business Negotiation” and “Organizational Behaviors” courses offered at Korea University Business School (KUBS). “Leadership and negotiation are major components in politics,” KUBS Professor Seungwoo Kwon said, explaining the reasons for inviting the guest speaker. “I hope this lecture will act as a trigger to think about governance and political leadership.” Gyeonggi Province Governor Kyung-pil Nam Governor Nam has examined Korea is facing financial calamity and emphasized to create the value of the “Global Standard.” “Although the U.S. hits one trillion dollars of budget deficit and one trillion dollars of trade deficit every year, its economy will not collapse due to the U.S. dollar,” Governor Nam said. “The U.S. dollar is not simply currency but used as the global monetary standard.” Developed countries create standards, not products. The prime example is Apple smartphones. Apple developed a new platform called “smartphone” by installing web browsing and other advanced functions to basic mobile phones. Such development has changed the lives of millions of people all over the world. “We make products while Apple does not. This is the difference between one who creates standards and one who follows the standards.” Governor Nam added. He provided the “Power-Sharing through Governance” as a political standard model –believing that sharing power allows maintaining of a transparent system, thereby eradicating political corruption. “Gyeonggi Province Vice Governor and I are in different parties. In other words, corruptions and irregularities cannot arise as each political party discusses with one another and uses the Gyeonggi Province System which opens all meeting processes to residents in real-time,” Governor Nam told. Governor Nam believes that the power structure of the new era should be in a way where the president builds close relationships with ministers along with continuous discussions. This will accelerate the passage of a bill because ministers have an obligation to convince their own political party. “We cannot communicate without sharing power. Nothing would be more dangerous than voicing different opinions in the same government,” he continued. In economic areas, Governor Nam stressed the “Shared Market Economy Model,” which is the combination of freedom and sharing. The economic system has to change. The Shared Market Economy Model allows the nation and communities to support platforms while companies use the provided platforms. Communities are responsible for a product’s entrance fee, marketing cost, logistic fee, etc. He gave an example of Donald Trump explaining that if the neo-monopoly continues, it is possible that there can be a next Trump. The lives of enraged citizens must fundamentally change. Governor Nam used potato chips as an example to explain the Shared Market Economy Model. “Gyeonggi-do Corporation provides platforms, enabling companies to compete with pure products only, and all companies have to do is utilize these platforms. Through a sharing platform, the cost of potato chips has decreased from 3,300 won to 900 won. This is the structure that “public” stands as a platform while private companies create an economic ecosystem. “The key to future communication is sharing. I hope all of you will become a leader preparing for the future,” Governor Nam said at the end of his lecture. “It takes 1,000 years to change culture and society whereas changing a system takes only 10 years,” said KUBS Dean Soo Young Kwon, who attended the lecture. “Based on today’s lecture, I look forward to seeing our society change within 10 years.”
KUBS International Business Joins Networking Session with Tsukuba Faculty
KUBS International Joins Networking Session with Tsukuba Faculty On October 10, a group of ten professors from the Graduate School of Business Sciences, MBA Program in International Business at the University of Tsukuba, which is Japan’s national university, visited Korea University Business School (KUBS). A total of 15 KUBS professors of International Business, including former Associate Dean Hojung Shin, welcomed the Tsukuba professors. The KUBS Student Ambassadors, KUBE, conducted a campus tour to introduce the school to the Tsukuba professors and had a small chat to break the awkward atmosphere. “I hope this session allows us to give insights and to move forward to become top universities in the world,” Professor Shin said. “It is meaningful to meet and share diverse experiences and knowledge with professors of Korean and Japanese universities that are geographically adjacent to one another,” Professor Hua Xu, who is Program Chair at the University of Tsukuba, said. “I would like to know more about the educational system of Korea’s best business school and benchmark its positive aspects.” KUBS and Tsukuba faculty delivered their lectures respectively and academically discussed about the related issues. The University of Tsukuba is a national university that produced three Nobel Prize winners (two in Physics and one in Chemistry). The university was founded in 1973, following its predecessor the Tokyo University of Education. At that time, the University of Tsukuba was the first school to give lectures in English. Under the idea of the “Pacific Rim’s College of Science and Engineering,” the university made massive investments in engineering and medicine areas. Furthermore, the “Credit Approval Policy,” which students design their own major and request for credit approval, was introduced for the first time in Japan.
KUBS Soccer Club Advances to the 63rd KU Intramural Soccer Championship
KUBS Soccer Club Advances to the 63rd Korea University Intramural Soccer Championship KUBS Soccer Club “Kyeongchuk” continues to hold onto the lead in the fall semester as well. On September 9, Kyeongchuk participated in “The 63rd Korea University Intramural Soccer Championship,” which was held at Nokgee Field, and advanced to the final round with a record of one win, one loss, and one tie. A total of 32 teams participated in the KU Intermural Soccer Championship, held annually in fall. Of all, 16 teams were qualified for the final. The final matches were scheduled from November 11 (Fri) to November 30 (Wed). Kyeongchuk’s outstanding performance stemmed from practicing every week and participating in various games. In addition, Kyeongchuk won championships in the “2016 KU Cup” and “Copa Armada.” Copa Armada is a soccer tournament playing against business schools in Seoul. “We practiced every day and have improved our teamwork and soccer skills,” said SeJin Byun (Business Administration, ’12), who is leader of Kyeongchuk. “Our team strives to produce fruitful results in the rest of the games.” Meanwhile, Kyeongchuk also competed in the “2016 Gatorade SUFA LEAGUE” and “2016 Yonsei University Intramural Soccer Tournament” as representative soccer team from Korea University.
Professional Golfer Kyung-Ju Choi Delivers Special Lecture in AMP
Professional Golfer Kyung-Ju Choi Delivers Special Lecture in AMP On October 24 at 8:15 PM, PGA professional golfer Kyung-Ju Choi, who is Chief Director of KJ Choi Foundation, delivered a special lecture in room 301 of Hyundai Motor Hall. The lecture was organized by Woo Sung Karm (82nd Batch of AMP) and lasted an hour. Choi gave a speech about his life under the theme of “Golf and Business.” He also introduced his foundation and volunteer activities. Kyung-Ju Choi, Korea’s first winner of the PGA Tour, started playing golf at the age of 17, following a suggestion from his PE teacher. “I could not have made it this far without those who spotted my talent and dream. I established a foundation to support children in hardships but filled with hopes and dreams,” Choi said, explaining his reasons for volunteering. As of now, KJ Choi Foundation supports approximately 100 children. The foundation not only supports future golf players but also offers tuition by selecting its Hope Scholarship recipients. In addition, Choi helps children by running various projects such as Dream Library, which is built inside a child care, and Charity Golf Competition. “Just as a mother bird wholeheartedly incubates its eggs in a safe nest, teens also need love and care by others in order to realize their dreams,” he said. “The world will become a better place to live when these kids grow up and share hopes to the world.” “I was truly intrigued by Choi’s candid story,” Student President Byung Taek Shim (82nd Batch of AMP) said. “I was also inspired by his foundation activities to nurture promising golf players.”