Yonsei School of Business

 Yonsei School of Business held the Korean Corporation Business Model International Symposium November 3-4 as part of its 100^th anniversary. The symposium carries big implications for the future through its emphasis on research into “K-Management,” which is the exploration of the business model of Korean corporations and the model’s potential for global adoption.

 Three sessions were held during the two days of the symposium. Each session featured nine presentations. Among the presenters were Professor Seungho Park of CEIBS in China, Abe Makoto of the Institute of Developing Economies of the Japanese External Trade Organization and Professor Yongsun Paik of Loyola Marymount University in the United States, professors from major business schools in Seoul, and various business scholars from the United States, Japan, and China.

 A session discussing the development and global strategy of East Asian corporations proceeded on the first day. Professor Kuhyun Jung of YSB drew attention with his new perspective in reviewing the institutional environment of East Asian corporations’ growth in his presentation on “The Economics of Compressed Growth and Long-Term Stagnation.”

 Two sessions were held in the morning and afternoon of the second day on the topics ”Studies of Korean Business and Industry in Japan” and “Innovation and Learning in Korean Corporations.” Abe Makoto of the Institute of Developing Economies in the Japanese External Trade Organization presented research data on Korean corporations and industry from the point of view of a neighboring country. Professor Yongsun Paik’s presentation on “Global Capability Management” received an enthusiastic response from the students at the symposium by proposing that society today has transformed to an era where “careers are built without boundaries” and job searches need not be limited to within Korea if one’s capabilities and skills are consistently developed and one is prepared for the future. He said that the proportion of employees who devote oneself to his/her organization after employment merely remain around the 20% level and asserted the need for top management team’s effort to motivate organization members in order to improve the figures. The symposium ended after Professor Kunshin Im of YSB’s presentation on management and the future of Korean ICT corporations.

 “It was great to learn in depth about topics not easily accessible in lectures, and I was able to realize the status of Yonsei Business through the international symposium held for YSB’s centennial,” commented Dongwook Kim (entering class of 2012, Business) after participating in the symposium.