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- New University Entrants for Global Business Administration in 2010
- ◆ Selection of promising department over name value attracts test-takers In the 2010 entrance examination, specialized university departments are booming. Several unfamiliar departments are on the upper section of the university allotment table from private institutes. The competition rates are relatively high. In the center of this trend, there is Sungkyunkwan University Global Business Administration. ◆ Pursuit of substance over name value” At the end of 2007, Kwak Sae Mi was deeply concerned about entering SKKU GBA. Since the department was new, information was lacking and she was leaning toward liberal arts at another recognizable university. She decided to explore a new path, believing in the school’s support for the promising department. Soon to be junior, Ms. Kwak says, “Looking back, I made a good choice”. In short, “it is a department that is treated well by the school.” Professors help students with signing up for courses and outlining career paths, and they can learn marketing, finance, accounting, organizational management, the various fields of management. Ms. Kwak mentioned that even though all lectures are in English, it is not too difficult to follow. There is also the benefit of getting a dual degree from Indiana University and receiving scholarships. Alumni from the business department who are working give advice as well. ◆ Scholarship and guarantee of employment are substantial benefits All GBA students receive scholarships. The admission fee and tuition are basically 50% off and when a student’s GPA is over certain level, scholarships are provided. Scholarships are invested for the future by Samsung Corporation. There is more. GBA students get 1 to 1 supervision between student and professor, and student and administration staff. In addition, dormitory is provided for GBA students. It is open to not only to students from other provinces but also those from Seoul. ◆ A dual degree from Indiana University The biggest benefit of being a GBA student is obtaining a dual degree. After finishing their junior year in SKKU, students can continue studying at Indiana University Kelley School for one and a half years. The graduation ceremony is held in the U.S., so students get the same chances for internships, job fairs or job interviews as other Kelley School students have. This dual degree is now only progressed with Kelley School, but it will be stretched further in America, Europe, China and other prominent universities in the world. 『 Source - http://news.chosun.com/site/data/html_dir/2010/01/17/2010011700856.html 』
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- Business School Alumni New Year Celebration
- On January 15th Business School alumni held their annual New Year celebration and steering committee meeting at the Palace Hotel. The event began with a New Year’s greeting by Alumni President Kim Ik Rae (Commerce ‘62). A statement of accounts and audit report was made by Auditor Jung Moon Ki. Alumni are aiming for two billion won in collections for a second business building and they reviewed their budget for 2010 alumni business. In the 2010 budget plan, there are Confucian culture visits, the Night of SKKU Certified Public Accountants, SKKU athletic competition and other programs that promote the development and friendship of the school. The dean of the Business department S. Ghon Rhee also gave a New Year’s greeting and awarded appreciation plaques to alumni who put in outstanding effort for the development of the alumni organization and for successfully hosting the 50th anniversary celebration successfully. Professor Song In Man, Alumni President Kim Ik Rae, Chairman of the Fund Committee Kim Shin Il, Secretary General Lee Jeong Sang, and Assistant Administrator Kim Joo Sun all received plaques. After the meeting, the alumni expressed their wishes for each other and solidified their friendship while having breakfast.
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- Business department freshmen and parents' meeting
- On January 28th, a meeting was held with the freshmen of the Business department and their parents at Jo, Byung Do International Hall, in the 600th Anniversary building. Approximately 200 students and parents filled the venue. Although the weather was freezing, the meeting was heated by the strong interest of future SKKU students. Dean S. Ghon Rhee warmly welcomed and greeted the freshmen and then shared the Business department’s vision. He emphasized that acquiring AACSB certification and getting accepted by Beta Gamma Sigma (BSG) are meaningful in that SKKU business students can gain advantage over the domestic competition and stand shoulder to shoulder with students of prestigious foreign schools. BGS is the largest association academically gifted business students from the schools certified by AACSB. It was established in 1907 to encourage member students academically and to promote social achievement. Vice Dean Choi, Jong Bum outlined the educational goals of the Business department as nurturing Global Leader of 21st century through globalization and innovation. He also mentioned the department has signed cooperation agreement with 510 Top Business Schools from 46 countries and is still trying to expand. Through the meeting held today, students and parents received information of the SKKU Business department and showed a strong will for studying as freshmen.
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- Hyundai Business Monthly interview, SKKU Business School Dean, S. Ghon Rhee
- “Whenever you see a successful business, someone once made a courageous decision.” -Peter Drucker It will be said that there was someone’s brave decision behind the success of SKKU’s MBA programs, which is rapidly turning into a global business school. That “someone” is Rhee Sang Ghon, the dean of SKKU Business School. Dean Rhee is bringing together an excellent faculty and innovative curricula to enable SKKU business students to gain global competence. The dean, who once worked at International Monetary Fund and Asian Development Bank and served as chair professor at the University of Hawaii, described the vision of the SKKU MBA. SKKU MBA competes with the world’s best “A big frog in small pond cannot be accepted. It should jump out of the pond so that it can compete with the world.” Dean Rhee has been working at Sungkyunkwan University since 2008 and he stressed the need for autonomy in human resources and budgeting as most important to increasing the global competence of Korean business schools. Due to centralized governance, professor employment, promotion, retirement, and research decisions are decided by university headquarters and not by individual schools. It is additionally problematic that the government regulates universities under a variety of financial supports. Unless these problems are solved, there will be no future for Korean business schools. Under this limited system, competition among Korean MBA programs is useless. “When there’s no autonomy, there is no uniqueness and no distinction in quality. When such competence is lacking, a lack of the international competence follows.” Dean Rhee believes that education in Korean universities has a similar structure as that of schools in Japan and China and that this structure blocks the creative development. From wide and shallow to narrow and deep What would work-focused and reputable MBA look like? The dean described a specialized MBA that teaches applicable skills in-depth, unlike today’s wide yet shallow content. “CEOs’ still tend to prefer overseas MBA program graduates. Currently, many Korean MBAs with well-developed programs are producing talented people just as good as foreign MBAs do. SKKU is nurturing future business people who are strong at practice by getting out of routine, strengthening practice and opening useful courses for later.” SKK MBA is differentiating itself in various ways and has bolstered its globalization effort by inviting global experts to come and lecture. Dean Rhee invited OECD Senior Economist Hans Blumenstein, Latin America expert Fausto Lopez and M&A expert Jerry Bauman from the University of Queensland in Australia and the University of Auckland in New Zealand. Students are enthusiastic about the lively global business discussions and experiential learning of the lectures. Dean Rhee has also invited David Day, an expert in international negotiation and a professor of the University of Hawaii. David Day received a standing ovation at every lecture and received many appreciative letters for providing practical and active classes covering negotiation and debate, not just one-way lecture. “Outstanding faculty equals to the competence of the university. The School will not compete with domestic universities anymore. It will strive to compete with global universities.” The SKKU MBA is recruiting foreign faculty members with global competences to perform lectures in English. It is also cooperating with famous universities like University of Cambridge, Peking University, and Waseda University. Business defined Dean Rhee explained his definition of business within the corporate culture of Korea. “Business is communication person to person. However, it is sad that even the most globalized company in Korea has a highly hierarchical culture and lacks the efficient modes of communication.” Dean Rhee mentioned that the organizational culture of Korea works effectively when there is a clear target, but when creativity and reform is necessary, Korean organizations do not know what to do. He added that this needs to be changed. Dean Rhee is making an effort to improve this culture by reforming the MBA system at SKKU and by emphasizing global communication systems, business debate and autonomous business styles. As far away as famous American and European universities and as close as Hong Kong and Singapore, MBA programs are ranked top in world by MBA evaluations. SKKU MBA program is preparing to compete with the world’s top MBA programs and to be one of the best. Korea needs that someone’s brave decision to become a world best business school. Reported by | Lee Yang Eun 「Source – Monthly Hyundai Business 2010 Feb Edition」 ● 원문기사 참조 : http://www.newmanagement.co.kr/?p=2689
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- [Interview] Dr. S. Ghon Rhee, Dean of SKKU Business School
- Promoting an innovative and global education curriculum Providing incentives for encouraging research Inviting foreign scholars for practical lectures Cooperative MOU with European universities Stated goal of becoming a world top 100 business school before 2015 Listed above are the ambitious plans of the dean of SKKU Business School , Dr. S,Ghon Rhee (67), who took office last August. These are also insights into the reasons that the School and the Foundation scouted Dr. Rhee, a chair-professor from University of Hawaii . To achieve his aims, Dean Rhee is strongly promoting globalization, reinforcing research competence, and innovating with the education system. In particular, Dean Rhee is encouraging School members by taking initiative and setting a good example. While juggling the duties of his position, Dean Rhee has been on 9 overseas business trips for the School and has also published 11 papers in academic journals registered by SSCI. With his valuable experiences at the IMF and ADB and wide personal connections, Dean Rhee has managed to invite foreign scholars to provide practical lectures. Dean Rhee has emphasized that “competition among national universities that are bound to government regulations and governance is of no use.” He also mentioned that “competing with Asia’s top business schools like Hong Kong University of Science and Technology, National University of Singapore, and University of Melbourne would naturally lead us to the position of a World Top 100 Business School.” - What are some recent changes in education? In order to expand student experiences beyond textbook-focused classes, Dean Rhee is reinforcing practice-based lectures. He invited David Day, an expert in negotiations and conflict resolution, from University of Hawaii to give his lecture ‘Business Communication and Business’. ”Students negotiated with a specific topic during the class. OECD Senior Economist Hans Blumenstein, Latin America expert Fausto Lopez and M&A expert Jerry Bauman from University of Queensland also gave lectures. Students were satisfied with the fact that they could listen to vivid stories from experts in specific areas.” -What are the curriculum changes you are planning? “The Committee for Development was founded and is starting to revitalize and improve the curriculum. There is less reliance on old standards like Introduction to Business or Introduction to Accounting in American business schools today. Students complain that courses are too segmented. In keeping with these trends, curriculums and courses that are needed for students’ careers are being created with other than strictly mandatory courses.” - What support are you developing to reinforce professors’ research capability? ”Korean professors face challenges with research because salaries often are low and there are few incentives. Thus, professors resort to other jobs like corporate consulting. Lectures are a large burden as well. Although the trend is to conduct more research not less, there is insufficient time. To address this, Dean Rhee has strengthened the incentive system to encourage more research. When a paper is published in a top journal, 30 million won is provided and this amount will rise to 40 million won from next year. When published in an A-level journal, 15 million won will be given. This will motivate professors. “I myself have published 11 papers since I came to Korea . In Korea , professors make a joke about a dean publishing papers, but I believe such an atmosphere should be formed. This will enable pressuring the professors.” Dean Rhee said. - Are the number of professors likely to increase? ”Faculty competence equals the university’s competence. There are 41 professors in the Business department. There will be 30 more in 5 years and by 2020, the number will reach 120. ”SKK GSB will increase the number of professors from 17 to 50. Professors for Global Business Administration, which gives all lectures in English, may be changed to all foreign professors. In the Business department, 20% of the lectures are given in English at present. In 2~3 years, we are planning to increase it to 50%.” -How are you promoting globalization? ”Recently MOUs for cooperation with University of Cambridge, University of Manchester, and Lancaster University from England, Erasmus University and Tilburg University from the Netherlands were signed or pushed ahead. ”Business Schools from these universities are in Europe ’s top 10. American schools are also great but the expense is too much. On the other hand, European schools’ tuitions are one third cheaper than that of the U.S. and all lectures are in English.” -What differentiates SKKU MBA from others and what makes it competitive? ”SKKU MBA is the only MBA course with an online-based IMBA course among all domestic MBAs. This is for those business people who are too busy to attend afternoon classes. The quality is very high. ”We are planning to reach an agreement for a dual degree with universities with well-established online-based MBA courses like University of Florida, Syracuse University or Pennsylvania State University. ”The Asia MBA is literally a program to nurture Asia region specialists. It is cooperating with leading universities like Chulalongkom University, Thammasat University, National Institute of Development Administration (NIDA) from Thailand , University of Melbourne , Monash University from Australia , Hong Kong University of Science and Technology, Peking University , Fudan University from China , and Waseda University from Japan . ”The school is mapping an MBA program that connects the 4 continents of Asia, North America, Europe, and Oceania . Sungkyungkwan University of Korea, University of Texas at Dallas of the U.S. , Tilburg University of Netherlands and University of Melbourne of Australia are participating in this program. ”There will be same courses and will meet once in three months for 2 weeks of lectures. It is very meaningful in that 4 continents will be represented in the network” -What should be improved for domestic business schools to develop? ”The centralized governance system should be changed. Professor recruitment, promotion, retirement age and research decisions and many others should be authorized by a school not by headquarters. ”Even though professors achieve outstanding research performance, some of them cannot be promoted just because they did not complete enough of the work terms. In other countries, it is the dean’s authority to employee professor, set retirement age and to promote. The deans should be entitled and evaluate based on performance. ”The government that regulates universities under the name of financial support is also a problem. If these problems are not to be solved, the future of domestic universities is dark. ◇ Dean S.Ghon Rhee is a graduate of Seoul National University and he received his doctorate in finance at Ohio State University. He became a professor at the University of Rhode Island and University of Pittsburg and finally settled at the University of Hawaii as chair-professor in finance. In August 2008, he was scouted to become the dean of SKKU Business School . Dean Rhee is a global scholar who served as a scholar at the Asia Development Bank and as a guest scholar at the International Monetary Fund. 『 기사출처 - 서울경제 성행경기자 http://economy.hankooki.com/lpage/society/200912/e2009123017393493820.htm 』
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- CEO Byung-Doo Cho earns doctoral degree of philosophy from Sungkyunkwan University
- Mr. Byung Doo Cho, CEO of Dongjoo Corporation, has received his doctoral degree of philosophy from Sungkyunkwan University at the graduation ceremony held on February 25th. Mr. Cho is 70 years old. Mr. Cho received his doctoral degree for his thesis entitled, A study of human management of the analects of Confucius and utilization in modern corporate management. Mr. Cho’s thesis advisor was Prof. Wonsuk Oh. Mr. Cho received his bachelor’s degree in Commercial Science from Sungkyunkwan University , and supported the construction of Cho Byung Doo International Hall, and has donated up to 240 million won of development funds to Sungkyunkwan University . Mr. Cho also received his honorary doctoral degree in Business Administration from Sungkyunkwan University in 1996 and an honorary Juris doctoral degree from North Park University in Chicago , U.S.A. He is also a recipient of the Korean government’s Tin Tower Order of Industrial Service Merit. 『 Source – excerpt from The Herald Business Feb 25th, 2010 』 ● http://www.heraldbiz.com/SITE/data/html_dir/2010/02/25/201002250374.asp
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- Prof. Jong-Bom Chay appointed 27th president of Korean Securities Association
- The Korean Securities Association appointed Sungkyungkwan University professor Jong-Bom Chay as its 27th president at the organization’s latest general meeting. Professor Jong-Bom Chay has worked at the Korea Development Bank and as a professor at University of Auckland in New Zealand and National University of Singapore. He is now serving as an approved judge for the Basel Ⅱ Internal Ratings Based Approach at the Financial Supervisory Service and as an outside director of NH Investment Securities. He is also a member of KDB Finance’s subsidiary business evaluation. The Korean Securities Association was established in 1976 and has over 1150 members. 「Source – excerpt from e-news 2010. 2. 22edition」
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- The Pacific-Basin Finance Journal registered
- The Pacific-Basin Finance Journal (PBFC) has received registration in the Social Science Citation Index (SSCI). Professor S. Ghon Rhee, the dean of SKKU Business School, has been served as the editor of Pacific-Basin Finance Journal since 1993. SSCI is a database founded by Thompson Scientific, a private academic information-based organization established in 1958. Thompson Scientific provides the SSCI database of selected journals with high academic standing. More than 1700 social science journals are registered at present. Selected journals receive worldwide recognition. Registration indicates the international quality of research published in Pacific-Basin Finance Journal and will contribute to the journal being more frequently quoted by field researchers. Publishing 5 times in a year, Pacific-Basin Finance Journal is widely recognized for its leading academic research on finance focusing on the Asia financial market. Currently, Dr. Charles Cao, finance professor of Pennsylvania State University, and Dr. Jun-Koo Kang, finance professor of Nanyang Business School in Singapore, are working as co-editors. Forty-four outstanding researchers from twelve countries are also making editorial contributions. As a well-known scholar who has worked at international organizations such as the International Monetary Fund and Asia Development Bank, and as a finance chair-professor of the University of Hawaii, Prof. S. Ghon Rhee has strove to bring an international-level of academic accomplishment to SKKU Business School. ◆ The Pacific-Basin Finance Journal
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- Hankook Ilbo and SKKU Business Research Center sign MOU
- SKKU Business Research Center participates as research facility for Korea’s Most Admired Companies ranking Professor Sang-Ghon Rhee, dean of SKKU Business School, and Mr. Jong –Seung Lee, president of Hankook Ilbo, in a ceremony held at the Hankook Ilbo headquarters, have signed a memorandum of understanding related to the ranking Korea’s most admired companies. The Korea’s Most Admired Companies ranking is the counterpart to the famous Fortune list. The Korean ranking will select and announce the Korean version of Fortune’s The Most Admired Companies list. The project is celebrating its 1st year anniversary, and SKKU Business Research Center director Profesor Dong-Ok Cha will cooperate in the ranking. The Most Admired Companies list is the widely recognized annual announcement of Fortune America. For a company, getting listed is a source of pride. Along with Fortune America’s licensed magazine, Fortune Korea and SKKU Business Research Center will apply Fortune America’s survey method to Korean companies to provide fairness and objective evaluation. Participants believe the Fortune survey method will surpass existing business evaluations conducted by other organizations. PR Week, a leading public relations publication, and Burson-Marsteller, a worldwide advertising agency, have estimated the influence of the Fortune ranking through CEO survey conducted in 2007. As a result, The Most Admired Companies list ranked as the second most influential of its kind, followed by The 100 Best Companies to Work For ranking. Korcham, The Ministry of Strategy and Finance, and the Presidential Council on National Branding are also providing support for the ranking. ●Source: Seoul Kyungjae 2010.2.5 edition : http://economy.hankooki.com/ArticleView/ArticleView.php?url=opinion/201002/e2010020417513848200.htm&ver=v002
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- Ford Korea donates 2010 New Taurus to SKKU
- Academic-industry cooperation signing ceremony at SKKU Natural Science campus attended by, from left, Professor Kim Tae Sung, SKKU Department of Mechanical Engineering, Lee Young Kwan, leader of academic-industry cooperation, Kim Hyun Soo, SKKU vice chancellor, Jung Jae Hee, CEO of Ford Korea, Byun Jae Hyun, director of Ford Korea and former president of SKKU IMBA student council, and Nam Jae Do, head of SKKU GRRC. Jung Jae Hee, CEO Ford Sales Service Korea, has announced Ford Korea’s donation of a 2010 New Taurus to the SKKU Department of Mechanical Engineering. Ford Korea has regularly been donating research cars to the car-related departments of Korea University, Seoul National University, ChungBuk University, and Kumho National Institute of Technology since 1999. This donation marks the 12th year in which Ford Korea has provided a large sedan to promote academic-industry cooperation. CEO Jung Jae Hee said, “Ford Korea’s car donation program will provide engineers the chance to learn the various high technologies of Ford.” He also expressed his hopes that Korea, like the U.S., would come to develop new technologies through Ford Korea’s cooperative effort. 『 Source – excerpt from MaeIl Kyung Je 2010.01.20 』 ● 원문기사참조 : http://news.mk.co.kr/newsRead.php?year=2010&no=35112
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