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Congratulations to the first AI MBA graduates!
Hats off to the AI MBA Graduates of 2022! On September 3, 2022, AI MBA graduands took to the stage to accept their diplomas from Dean Eric Shih after he delivered a warm closing speech. The student president and the vice president delivered their speeches in front of their cohort for the last time, as family and friends gather proudly to watch the students wrap up their final year at SKK GSB. A formal dinner was served as the last celebration together as a class. Now that caps have been tossed in the air, a new future awaits these graduates. Congratulations and best wishes for the future, SKK GSB AI MBA graduates!
Graduation Ceremony - Class of 2022 - Executive MBA & Professional MBA
SKK GSB held the graduation ceremony class of 2022 from Executive MBA and Professional MBA on September 3. Graduates, their families, and friends gathered at Cho Byung-Doo Hall, celebrating the achievement of EMBA and PMBA students, class of 2022. After the entrance of the faculty and the graduates, Dean Eric Shih delivered a congratulatory address. Then there was a granting awards session, followed by a valedictory speech from each program. After awarding diplomas, the ceremony finished with taking group photos. Again, congratulations to the Class of 2022!
[Maeil Business News] Dazzling Transformation of Global Banks
Professor Youngju Nielsen (Faculty Chair of AI MBA, Associate Professor of Finance) has written a column about the stock market on MK News (Maekyung Economy). Generally speaking, a bank is a financial institution that can receive deposits from households or companies, and use these deposits to loan funds to other entities”. Therefore, many countries impose more regulations on banks than on other industries. The regulations on banks vary in many ways. One typical practice is to restrict the banks from deviating from their primary work area. There are three main reasons for such restriction. One is to prevent better terms when a bank lends to its subsidiaries. This also prevents intentional, less beneficial lending to a competitor's subsidiaries. The last reason is to reduce risks from a bank's non-primary work that can affect its primary financial system. Although it is controversial, it is difficult to say that globally agreeable verification is performed based on solid theories or on empirical studies. Thus, some countries have lifted regulations imposed on general banks, or are currently processing easing such restrictions. Meanwhile, many foreign banks are operating with similar or fewer restrictions than in Korea. The following is an old well-known example. Silicon Valley Bank (SVB) is a commercial bank that was established in the early 1980s in the western United States. What makes it special is not only that SVB makes loans to companies based on deposits—as most other commercial banks do—but that it has also invested in more than 760 startups so far. Over half of the technology and healthcare companies that made their IPO in the US in 2021 were SVB’s primary customers. SVB’s case may sound unique; however, major global banks are already in the process of making such changes to their business model. Another example is JP Morgan Chase, one of the largest banks in the US, in terms of total deposits. According to CNBC (February 2022), JP Morgan Chase carried out an internal project the main goal of which was to create a digital platform that would connect startups to bank customers. There are already 80 personnel, and this will increase to 200 by this year. This project is clearly outside the bank's work field. Another team inside JP Morgan Chase—Strategic-Investments—takes part in almost all the bank's functions, aiming to invest in emerging technologies or fintech. For example, in 2021, JP Morgan Chase became the first bank to execute a strategic equity investment, which they did in a startup called Zanbato—is a fintech company that builds a stock-trading platform for companies before they are listed. In 2022, JP Morgan Chase invested in Viva Wallet, a European cloud-based payment group, buying 49% of its total share. The bank has also been investing elsewhere while focusing on strategic investment in companies with future financial technologies. Only a few companies are cited here, but countess banks are expanding their businesses strategically. It is also noteworthy that most main banks concentrate on preparing for the future of financial services, not on commerce for immediate profits. This may sound overly ideal or illusional, but suppose that banks’ financial know-how is used for future financial systems and national industrial development, not for immediate profit. In that case, this will be a highly justifiable reason to ease financial regulations. Original article in Korean: https://www.mk.co.kr/opinion/contributors/view/2022/09/805107/
SKK GSB welcomes new faculty members
From left: Prof. Anthony Kim and Prof. Nah Lee. SKK GSB is pleased to report that the following two faculty members have recently joined the school. Anthony Kim, Assistant professor of Decision Science Professor Kim’s primary research interests are revenue management, advertising, game theory, and online decision-making. In online advertising, he has studied various characteristics of campaign budget management strategies and analyzed the performance of advertisement contracts. He holds a Ph.D. in Computer Science from Stanford University. Nah Lee, Assistant professor of Marketing Professor Lee studies the causal effect of online reviews on downstream demand and firm behavior. She focuses on service industries (restaurants/hotels/healthcare), where product offerings are multi-dimensional. Her studies aim to understand how consumers process information in text reviews and how this information affects firm demand, decisions, and competition. She holds a Ph.D. in Marketing from Duke University.
‘Kelley – SKK GSB Women in Leadership Club’ Launch Ceremony
2019 Homecoming Day
Professional MBA Welcome Dinner
Executive MBA Immersion
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