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

SKK GSB Launches Student Exchange Program with emlyon business school

SKK Graduate School of Business (SKK GSB) and emlyon business school in France have signed a student exchange agreement, strengthening their shared commitment to global business education. Founded in 1872, emlyon business school is a distinguished Grande École with a 153-year history and is recognized as one of France’s leading business schools. It is currently ranked 12th worldwide by the Financial Times. SKK GSB’s MBA program, meanwhile, has been ranked No. 1 in Korea and among the top 100 worldwide by the Financial Times every year since 2012. With the exception of the AI MBA, all MBAs at SKK GSB are delivered entirely in English. This bilateral exchange aims to foster academic collaboration, cross-cultural engagement, and the development of globally minded business leaders. Beginning in September 2026, selected students from each institution will take part in academic coursework and cultural immersion programs at the partner school, gaining firsthand experience in diverse educational and business environments. Photo credit: emlyon business school

SKK GSB Launches AI & Business Innovation Lab

SKK GSB, Korea’s top-ranked MBA program and one of Asia’s most globally recognized business schools, has launched the AI & Business Innovation Lab (AIBIL). AIBIL is a multi-disciplinary platform designed to shape how the next generation of leaders, companies, and industries harness artificial intelligence. As SKK GSB’s central hub for applied research, curricular innovation, and industry collaboration, the lab will advance the school’s mission to connect business education with emerging technologies. “As a business school at the center of Seoul’s innovation ecosystem, SKK GSB has a responsibility to shape how this new technology is governed, deployed, and taught,” said Andrew Yi, Dean of SKK GSB. “The AI & Business Innovation Lab positions SKK GSB as a catalyst for new ideas and practical solutions that help businesses—and society—navigate one of the most important technological transformations in history.” Equipped with a state-of-the-art AI workstation, AIBIL will give students hands-on opportunities to develop data-driven solutions for complex, real-world business challenges. In partnership with faculty from the University of Toronto, a global leader in AI, SKK GSB is also introducing an AI & Data Strategy Certificate Program—open to both students and alumni—to combine strategic frameworks with applied learning. AIBIL will expand SKK GSB’s executive education portfolio, offering business leaders a dual credential and intensive training in AI strategy and data-informed decision-making. AIBIL is further developing initiatives to incubate student-designed AI solutions with potential for real-world deployment across industries. Through these integrated efforts, the lab reinforces SKK GSB’s role as a bridge between cutting-edge scholarship and business practice—preparing today’s students to become the future-ready leaders of tomorrow. ○ Coverage in the media SKK GSB Launches AIBIL to Foster AI Business Leaders SKK GSB Launches AIBIL to Foster AI Business Leaders

EMBA Class of 2026 Immersion Program in Croatia

Students from the Kelley–SKK GSB Executive MBA Class of 2026 participated in an international Immersion Program in Croatia, gaining firsthand exposure to business practices in an emerging European economy. Hosted by the Zagreb School of Economics and Management (ZSEM), one of Croatia’s top business schools, the program focused on developments in the finance and technology sectors, and it included visits to leading supercar manufacturer Bugatti Rimac, cloud communications firm Infobip, and information and communication technology (ICT) provider Ericsson Nikola Tesla. Participants observed how organizations adopt new tools, strengthen capabilities, and respond to local needs in deliberate and practical ways. Reflecting on the experience, Bongkeun Park (EMBA 2026) noted that discussions with executives across Croatia highlighted how clear strategic choices, effective resource allocation, and disciplined execution underpin sustainable performance. Sharing his reflections, Hohyeuk Im (EMBA 2026) added that these steady efforts showed how specialization and accumulated expertise can drive meaningful growth, and that innovation often begins when organizations understand their strengths and build on them consistently. The immersion offered EMBA students a deeper perspective on global business dynamics and strategic leadership in diverse market contexts.