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SKK GSB Alumni News: Promotions at Samsung Group
Sechul Oh (EMBA 2017) has been promoted to President and CEO of Samsung C&T . Also from the same class, Kyungjun Lee (EMBA 2017) has been promoted to Vice President of Samsung Electronics, while Hochang Yu (EMBA 2017) has become Vice President of Samsung Display. SKK GSB is delighted and honored that so many alumni from the same class have been promoted at once. Congratulations to everyone who has advanced their career . SKK GSB wishes you all well in your new roles, and looks forward to hearing updates from alumni in the promising new year.
[Student Interview] Jisuk Shin, PMBA Class of 2022: On work-life balance as a business professional and an MBA student
Jisuk Shin (PMBA Class of 2022) is a business consultant at Fuji Xerox Korea, an IT solution and service provider company that supports its client companies in improving their business processes and solving related problems. In this interview, Mr. Shin talks about his experience as a Professional MBA student, his current profession, and future career aspirations after the MBA program. Q. Please introduce yourself and tell us about the company you are currently working for A. I am working for Fuji Xerox Korea as a business consultant. I have been working for this company for 13 years, including two years working overseas in Hong Kong. As a business consultant, my primary role is to make the customer’s work that is related to documents more efficient. If a customer is using an excessive number of printers unnecessarily, I design optimized solutions in order to reduce costs. Besides, if a customer’s task is simple and repetitive, then an RPA* software robot can be used to automate the task. * RPA solution (“Robotic Process Automation”) is a form of business process automation based on algorithms and patterns. There is a convenience factor with robots doing the work of humans in detecting business bottlenecks; companies can thus get highly efficient solutions with greater accuracy and without worrying about possible human errors. Q. What made you pursue an MBA at SKK GSB? Please tell us about your experience as a PMBA student. A. The industry is experiencing rapid market-trend changes. The printer-related hardware industry will not be profitable anymore due to the digital work environment in line with paperless and electronic documentation. Therefore, I wanted to increase my competitiveness and become a valuable employee for my company. I came to the conclusion that pursuing an MBA would bring me closer to the goal I wanted to achieve. I chose SKK GSB for both its prestige and uniqueness – SKK GSB offers English-only MBA classes in a multicultural environment. I have always wanted to expose myself to an English-speaking culture in order to overcome language barriers and learn more about global business trends. As I hope to expand my network during the MBA program, I am also working as a board member for the PMBA class. Q. What activities do you engage in as a PMBA board member? A. I believe networking is a vital aspect when it comes to an MBA experience and business in general. All of our cohort board members have wanted more active networking events, and we had planned a number of exciting activities at the beginning of the school year, such as hiking, golfing, and surfing. However, the ongoing pandemic has prevented us from turning our ideas into reality so far. Nevertheless, as business professionals who highly value networking, our class is very motivated and determined to initiate activities when the right time arrives. We hope to expand our networking soon with the other MBA programs within SKK GSB as well as with the MBA students from other schools in the country. My ultimate goal is to create a formal networking platform within two years, integrate all the students from PMBA classes, and then expand it to other MBA schools. Q. How has your MBA experience been so far, and how has the experience helped you in your current career? A. So far, my MBA experience has been great, and I am happy to have met and worked with my strong-willed classmates based on our shared goals despite COVID-19. SKK GSB has done well in providing a contact-free remote working environment, which I believe will persist even after the pandemic, and this experience has truly been worthwhile since we can prepare ourselves better for the near-future working environment. Some of my favorite classes so far include “Operations Management” taught by Frank Huettner, “Management of Organizations” by Jaepil Choi, and “Managerial Economics” by Chengwei Wang. I found “Operations Management” to be very practical, especially in my field of work. In “Management of Organizations”, I learned the importance of networking and how to expand my network. Finally, in “Managerial Economics”, I learned the importance of balancing between quantitative and qualitative analysis. The MBA classes have positively impacted my attitude and mindset, and I am thankful for this experience. Q. What are your career aspirations after the MBA program? A. I have two aspirations regarding my future career. First I hope to become more competitive and advance within my company. I have the ambition to become an executive at Fuji Xerox. Second, based on my global MBA experience, I hope to relocate to an overseas Fuji Xerox office and work in a multicultural setting. Irene So and Bomi Kim, SKK GSB PR Committee, Class of 2022
[Professor Interview] Professor Kim Claes Talks about the Future of Blockchain and Cryptocurrencies
Kim Claes, Professor of Management at SKK GSB, teaches the “Cryptoeconomics and Blockchain Technologies” course in both the Full-time MBA and the Professional MBA Programs. Here Professor Claes provides his analytical insights on the potential implications of this novel technology and its further development. Q. First, could you share with us how you developed an interest in blockchain and cryptocurrency, given that your academic specialization is in Management? A. I studied physics for my bachelor’s and actuarial science for my master’s at the Universite Libre de Bruxelles (ULB, Belgium). After that I obtained my Ph.D. in Management from INSEAD. Before joining SKK GSB as a Management professor, I worked in global capital markets at BNP Paribas where I was pricing derivatives and options. Therefore, mathematics and finance have been a part of my academic and professional background throughout much of my life. Five years ago, I had the opportunity to attend the World Knowledge Forum in Seoul. For the first time, I heard several speakers there talking about how big blockchain technology - the technology underlying Bitcoin and other cryptocurrencies - could become. Since then, I have developed a growing interest in this field, and I started to read books and articles on blockchain and did research on the industry. In fact, it was challenging to get information about blockchain five years ago, as the subject was very new to everyone. I could only find highly technical, very complex cryptography/IT books or bad quality vulgarization that was mostly imprecise or even outright inaccurate. Luckily, I made some friends in this industry who pointed me in the right direction. Since early 2019, information in the field has become widely available and is improving in quality and clarity by the day. Aside from entrepreneurship and venture capital, therefore, my current research interests also include blockchain and cryptocurrencies. Q. How do you assess the future of cryptocurrencies? A. While more and more people are becoming aware of blockchain technology with all the hype around cryptocurrencies, not many people are using them yet - for reasons other than speculation - due to the infancy of the industry; the lack of user-friendliness; the somewhat negative press from mainstream media; and the lack of understanding of the technology. In the long run, however, I have no doubt that blockchain technology will permeate many areas of our lives, starting with the financial industries. Moreover, some cryptocurrencies will be used as actual currencies and as a medium of exchange in several countries. Nevertheless, how cryptos will develop or which ones will survive will be heavily affected by government regulations. Q. Why do you think it is crucial for students to learn about blockchain and cryptocurrencies? A. Blockchain technology is here to stay, and cryptocurrencies will become significant components of our economy in the future. Just by looking at the development of Central Bank Digital Currency (CBDC) projects all over the globe, we can tell that governing bodies are trying to ride that wave too. Looking for ways to play a part in that digital ecosystem, many companies have already been seeking people who have a good grasp of the industry and its current dynamics, and are able to directly help firms in that endeavor. As proof, three of my students who took my class at SKK GSB and had internships in the industry, received job offers shortly after. So far, people knowledgeable in cryptocurrencies and Blockchain have usually come from a computer science background. However, aside from these technically-oriented people, firms also need business-minded people who can merge technical knowledge into business practices. Accordingly, students in our MBA programs are now being offered training in this area. My class covers the fundamentals of this technology and some of its applications in the business world. It also covers some valuation methodologies and offers insights from industry expert guests such as the anchor from CNBC Cryptocurrency Channel, the co-founder of Proof Suite (a blockchain-based asset management platform), a manager of Line’s crypto-related VC fund, etc. In addition to the regular MBA programs, SKK GSB has started offering a specialized degree in data analytics, thereby granting students the opportunity to meet with industry experts in order to understand the current applications of technology in the real business world. Q. Do you have any recommendations for students who want to know more about the field? A. As a (future) business leader, you do not need to learn the latest technical details in the way that computer scientists do; instead, you have to understand the principles behind it. If you feel like you lack understanding in this field currently, do not be discouraged. However, I advise you to step out of your comfort zone and tackle this issue right now. Attending the MBA program and taking classes related to this field is undoubtedly a great way for you to acquire the building blocks of that knowledge. Irene So and Bomi Kim, SKK GSB PR Committee, Class of 2022
[Financial Times] South Korean Business Schools Gain Popularity with Overseas Students
SKK GSB alumnus, Warren Mitty (PMBA Class of 2020) was featured in the Financial Times on October 28th. Warren shared his experience with SKK GSB, stating "Upon graduation I found the reputation of the SKK GSB MBA program extremely valuable in seeking out new job opportunities in Korea and abroad. My MBA is a fantastic asset that allows me to stand out in a very competitive job market, and because of this I was able to secure new employment abroad." Original full article: White, Edward. “South Korean business schools gain popularity with overseas students.” Financial Times, October 28, 2020. Accessed November 11, 2020. https://www.ft.com/content/3a594f1e-d3b1-47eb-a0e3-479e43f0a0dc
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