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- Prof. Nielsen Shares Insights at National Assembly Forum NEW
- Prof. Youngju Nielsen has presented at a National Assembly forum on the pension system. The forum convened leaders from labor, business, and financial investment sectors to discuss the future direction of retirement pension policy. At the forum, Prof. Nielsen recommended that the committee overseeing the retirement pension system be entrusted to professionals and held accountable not for the returns they generate, but for how funds are managed. In Korea, attention to pensions continues to grow as the system undergoes significant change. Prof. Nielsen, a leading pension expert, actively engages the media and various forums to share her insights on the fund-type pension system currently being introduced by the government. ○ Coverage in the media Low-Return Retirement Pensions Under Scrutiny: Can Fund-Type Models Offer a Solution? Principal-Protected Pension Structures Limit Returns, Accountability Unclear Pension Fund Model Sparks Debate: Process Accountability vs. Free Pass on Returns Underperforming Fund-Type Pensions Underscore Need for Clarity on Accountability Fund-Type Pensions Must Clarify Accountability: 'Process Accountability' Gains Support Fund-Type Pensions Not Enough: Financial Representatives’ Duty Key to Pension Reform Success 400 Trillion Won in Dormant Pensions: Can Fund-Type Systems Unlock These? Fund-Type Pensions Shift Focus to Process, Not Outcomes: External Funding Mandate Required in Phases Debate on Fund-Type Pensions Gains Pace: Financial Investors Watch Closely Fund-Type Pensions May Lift Returns: Success Hinges on Clear Structure and Financial Representatives’ Duty More Pension Holders Begin Managing Dormant Savings: Policies Needed to Change Behavior Labor and Business Split over Effectiveness of Mandatory External Funding for Retirement Pensions Returns Hover Around 2% on 500 Trillion Won in Pension Assets: Fund-Type Overhaul Sparks Debate
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- 작성일 2026-04-14
- 조회수 252
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- SKK GSB Featured Course: AI-Driven Banking NEW
- SKK GSB's AI MBA students explored how AI and big data are transforming banking through a course in AI-Driven Banking, taught by distinguished practitioner Swaroop Yalla, Managing Director of Global Risk Management Transformation, AI and Automation at Bank of America. The course examined how fintech companies are disrupting traditional banking by offering faster, more efficient, data-driven alternatives. Students engaged directly with the kind of AI applications banks are beginning to use, including systems that detect fraud, automate documentation, and trade in stocks. They also built their own mini AI models, gaining hands-on experience with coding and model development. The course also introduced AI agents capable of managing entire workflows autonomously, highlighting the growing role of intelligent automation in financial services. Looking ahead to likely future applications of AI, the course explored how banking may evolve over the next 25 years. Students examined critical ethical considerations such as bias in AI-driven lending decisions, and learned how to evaluate whether AI models perform effectively and responsibly. By the end of the course, students had gained practical coding experience and a strong understanding of how AI is reshaping one of the world’s most important industries.
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- 작성일 2026-04-13
- 조회수 326
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- Securing Electricity Supply with Clean Energy Is Key in the AI Era
- SKK GSB successfully held its 9th “Investing in Climate, Investing in Growth” forum on March 19. At the event, Seunghee Moon, Manufacturing & Global Biz Development Expert at SK AX, delivered a lecture titled “Energy Business: The New Axis of Growth and Strategic Opportunities.” She emphasized, “Energy has evolved from a simple commodity into a strategic asset and a new 'currency'. It is now the foundation for AI data, national security, and global competitiveness. In the AI era, electricity demand surges due to data centers, and the key is to secure electricity supply with clean energy.” As global clients increasingly mandate 100% renewable energy, Korea’s manufacturing-based economy faces a critical turning point. To stay competitive against new environmental regulations, we must accelerate the deployment of solar and wind power, while building a solid Green Hydrogen infrastructure to ensure energy security. This transition to renewable energy brings both immense challenges and unprecedented opportunities. In this rapidly evolving landscape, the 'Energy Business' is becoming the single largest and most dynamic industry in our world—one that will continuously expand and redefine our future. She also noted that for sectors that are difficult to electrify, such as steel, aviation, and cement, green hydrogen is emerging as a critical alternative to fossil fuels. She expounded: “Countries face an energy trilemma to balance security, affordability, and sustainability. In particular, through digitalization that enables tracking and quantifying energy supply and consumption, software businesses that manage decentralized energy resources through data platforms will be the primary drivers of future growth.”
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- 작성일 2026-03-19
- 조회수 1390
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- Young, Global, and Connected: New Year 2026 SKK GSB Alumni Gathering
- Young, Global, and Connected, SKK GSB's New Year 2026 alumni gathering, brought together more than 200 alumni from Sungkyunkwan University's SKK GSB at the Grand Hyatt Seoul on February 26 for an evening of reconnection and celebration. The event highlighted the school’s young, global, and strongly connected alumni community, with graduates representing all six SKK GSB programs and a wide range of industries. Dean Andrew Yi, together with Vice Dean Raunaq Pungaliya and Alumni Association President Dongwon Kim, welcomed distinguished alumni, while Graduate School of Business Administration at Sungkyunkwan University Alumni Association President Jaebeom Lee and Secretary General Dongsun Sa delivered congratulatory remarks on the school’s growth and international reach. Alumni from different cohorts and professional backgrounds leveraged the occasion to expand their networks and to strengthen ties within the SKK GSB community. In his address, Dongwon Kim expressed appreciation to alumni and emphasized that 2026 will see expanded opportunities for graduates from diverse fields to connect, further strengthening the alumni network and fostering meaningful relationships between current students and alumni. Participants enjoyed dinner and a lucky draw sponsored by alumni and faculty; prizes included a Boracay hotel stay offered by an alumna, and a Jeju Island hotel‑and‑activities package contributed by the Dean. With more than 2,500 alumni from 77 countries, SKK GSB graduates now play key roles across a broad spectrum of industries worldwide, reflecting the school’s impact and global footprint.
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- 작성일 2026-03-06
- 조회수 1418
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- Forum on a Fund-Type Retirement Pension System Covered by the Media
- A recent forum on a fund‑type retirement pension system, co‑hosted by SKK GSB and Korea Retirement Pension Data, was covered by the Korea Economic Daily. Held in February under the title “What a Fund‑Type Retirement Pension System Could Look Like in 2026,” the event brought together experts to discuss the future direction of Korea’s retirement pension framework. During the forum, Prof. Youngju Nielsen observed that retirement pension returns are currently calculated differently across financial institutions and stressed the need for standardized data. She emphasized that, in an era when retirement pension assets have reached approximately 500 trillion won, building a concrete operational infrastructure is an urgent priority in preparation for forthcoming system changes. Chaewoo Nam, Head of Fund and Pension at the Korea Capital Market Institute, noted that under a fund‑type retirement pension system, the roles and responsibilities of companies will expand. He argued that firms should approach these adjustments as enhanced employee benefits, not merely as additional financial burdens, highlighting the potential of the new system to improve long‑term retirement outcomes for workers. ○ Coverage in the media Forum on "2026 Fund-Type Retirement Pension" Calls for Data Standardization and Liability Disclaimers
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- 작성일 2026-03-05
- 조회수 1235
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- Prof. Lim Shares Insights on KBS News
- Prof. Terence Lim of SKK GSB at Sungkyunkwan University shared his insights on “chipflation” in an interview with KBS News, Korea’s public broadcaster. Chipflation refers to the growing scarcity of memory chips—essential components for data centers worldwide in the AI era—which has driven up costs across the technology sector. As he explained on the news, “In the age of AI, chips and servers should be changed, and memory chips need to be upgraded. Firms have to make the same investment within three years.” Prof. Lim is a frequent economics commentator in the media. ○ Coverage in the Media: AI-Driven Chip Shortage Pushes Up Electronic Devices Prices
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- 작성일 2026-03-03
- 조회수 1240
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- Winter 2026 Graduation Ceremony
- Today, SKK GSB welcomed the Full-Time, Professional, and Executive MBA graduands into their new era as MBA graduates. Dean Andrew Yi shared with the new graduates: "Lead with intellectual humility and compassion in a world of AI-generated certainty and economic paradoxes. True success lies in building resilient, human-centric organizations where empathy serves as the essential glue that no algorithm can replicate." Congratulations, Class of 2026. We can't wait to see what your next fabulous chapter holds as SKK GSB alumni!
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- 작성일 2026-02-27
- 조회수 1181
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- Trailblazers in Action: Women in Leadership
- SKK GSB at Sungkyunkwan University has proudly hosted “Trailblazers in Action: Women in Leadership,” a leadership talk and networking event celebrating authentic leadership and real-world experience. Through insightful conversation with alumna Misun Yang, General Manager at Ipsen Korea, and with Jiyoung Kim, CEO of NUSEUM, participants explored how contemporary leaders navigate complexity, make intentional choices, and lead with clarity and courage. Central messages from the discussion emphasized that meaningful growth begins with honest self-reflection, and that passion creates the greatest impact when aligned with broader societal and market directions. Expertly moderated by Prof. Nah Lee, the session brought together students, alumni, and industry professionals for reflective dialogue and substantive networking. More than a one‑off gathering, Trailblazers in Action reflected SKK GSB’s ongoing commitment to cultivating inclusive, globally minded leaders. The event was a student‑led initiative by Bidisha Mukherjee (FMBA 2027). Special thanks are extended to Prof. Aleksios Gotsopoulos and the SKK GSB staff for their support in making the event a success.
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- 작성일 2026-02-06
- 조회수 1453
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- Why the Indiana Kelley–SKK GSB Executive MBA?
- Interview with Prof. Fred Schlegel Indiana University Kelley School of Business Indiana University Kelley School of Business Asian Initiatives Chair and Co-Chair of the Indiana Kelley–SKK GSB Executive MBA (EMBA), Prof. Fred Schlegel, is a firm believer in the value of MBAs. Reflecting on his own journey, Prof. Schlegel explains: “I would not have succeeded the way I did without the foundational knowledge and problem-solving skills I got from my MBA. It taught me how to look at business from perspectives that were different from anything I’ve ever had before. An MBA is quite expensive to complete, but I would say that it was the best investment in myself that I ever made. It’s a way of upping your game and getting ready for the leadership of your firm.” The value that MBA holders provide is clear to Prof. Schlegel. While working as a consultant, he found that many of the people he talked to—successful businesspeople, presidents, and C-levels—didn’t understand their problems. He said, “They knew they had a problem to solve, but couldn’t figure out exactly what problem they had. That’s why they pull in consultants who can identify root causes that lead to executable solutions. An MBA provides a strong foundation in those skills making in a key pathway to senior roles in consulting and companies.” Business is always innovating and changing, and now with the deployment of numerous AI technologies more than ever. Prof. Schlegel highlighted that business leaders must understand the synergy between technological innovation and business models. “Our students learn to evaluate business and technology investments and operations through a fundamental lens. What you need are the frameworks that allow you to think critically about up-to-date technologies, no matter what they are. These are foundational principles that will guide you for the next 30 years.” “Other Kelley–SKK GSB EMBA professors teach cutting-edge technologies. For example, technology specialist Prof. Alex Lopez teaches about Digital Transformation and how AI is transforming the way business will be done.” The Full-Time MBA at Indiana University’s Kelley School of Business was ranked second with the highest ROI in the US in 2024. It was also ranked second in the US for marketing in 2024 and 18th in the US in the QS MBA rankings. Prof. Schlegel explained: “The reason our program was ranked higher than other schools’ programs is the way we deliver materials, the meaningfulness of the experiences that you end up having, the easy access to faculty, and the outcomes.” He continued, “We have more alumni than any other business school on the planet in the business realm. We also have a high number of high-level executives. Since we have quite a decent network in Seoul and all of Asia, you can look up a Kelley in any city you decide to go to, and they will probably take your phone call.” Prof. Schlegel highlighted that one of the Kelley–SKK GSB EMBA’s strengths is that it is taught entirely in English. “Being able to do business in two languages is much more valuable. If you want to work internationally, having a second language shows that you're competent.” As a final comment on the value of the Kelley–SKK GSB EMBA, Prof. Schlegel explained: “For those who prepare to be leaders and C-levels, Kelley–SKK GSB EMBA is providing a carefully curated set of fundamental frameworks that will help you elevate yourself and manage organizations. That’s why this program significantly focuses on leadership, executive skills, and strategy.”
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- 작성일 2026-01-20
- 조회수 1765
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- How Do We Decide What Is a "Fair Share" When People or Companies Work Together?
- Prof. Frank Huettner of SKK GSB has co-authored a paper in the prestigious European Journal of Operational Research, presenting a method of calculating payouts fairly in a world full of side effects and externalities. If, for example, two car manufacturers merge, the consequences are not limited to those two companies—the merger reshapes the market for every other manufacturer. We often assume that one group’s actions do not affect anyone outside that group, but this is rarely true once externalities are taken into account. Prof. Huettner’s research examines how to preserve fairness even when such side effects are pervasive. Working with Prof. André Casajus of HHL Leipzig Graduate School of Management and Prof. Yukihiko Funaki of Waseda University, Prof. Huettner proved that the MPW solution (named after Macho‑Stadler, Pérez‑Castrillo, and Wettstein, who characterized the rule in 2007) is the only specific way to calculate payouts fairly in this setting. The MPW solution operates by considering all possible ways that groups (coalitions) could form and then averaging the resulting payouts to arrive at the most balanced outcome for everyone involved. This discovery has important real‑world applications, including dividing the costs of greenhouse gas emissions fairly and sharing the costs of building and maintaining public infrastructure. Research Paper: Balanced contributions, consistency, and value for games with externalities
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- 작성일 2026-01-08
- 조회수 2584
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