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- Executive MBA held an open class on Effective Communication, given by Prof. Brenda Bailey-Hughes
- On Saturday, October 15th, Prof. Brenda Bailey-Hughes from IU Kelley School of Business held an open class on the importance of effective communication for the Executive MBA students. The main aim was to increase participants' credibility in professional conversation, so students practiced their conversation skills in groups of three using effective facial expressions, appropriate eye contact, and helpful body language. Attendees reported that they found the class very useful, and they were impressed by Prof. Bailey-Hughes's teaching methods. We were honored to have IU Kelley's Prof. Bailey-Hughes teach our students the necessary skills to exchange information clearly. Join us in our upcoming open classes, and expand your global future! Visit our website to learn more and to register for forthcoming events. Prof. Brenda Bailey-Hughes is an award-winning faculty member of the Kelley School of Business at Indiana University, where she teaches communication and leadership courses. She specializes in communication training, and has coached many executives from Fortune 500 companies.
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- 작성일 2022-12-05
- 조회수 11444
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- Kudos to SKK GSB Professor Raunaq Pungaliya and a former SKK GSB Professor Hassan Naqvi
- Prof. Hassan Naqvi and SKK GSB's Prof. Raunaq Pungaliya have had their paper "Bank size and the transmission of monetary policy: Revisiting the lending channel" accepted for publication in the Journal of Banking and Finance, a peer-reviewed academic journal covering research on financial institutions, capital markets, investments, and corporate finance. Prof. Naqvi is a former professor of finance at SKK GSB, and now teaches banking and finance at Monash University. Abstract as below: We model how monetary policy shocks affect the lending behavior of small and large banks. Other things being equal, small banks are riskier than large banks since the latter are more likely to be bailed out. Thus, small banks face a higher cost of non-deposit financing and are unable to finance liquidity shocks at a cost below a certain threshold. Consequently, we show that under a tight monetary regime small bank lending is more sensitive to monetary shocks. This relation reverses under loose monetary regimes where large bank lending is more responsive to monetary shocks. Our empirical results strongly support our analysis. Keywords: Bank Size; Lending Channel; Monetary Policy; Too-Big-to-Fail
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- 작성일 2022-11-28
- 조회수 12485
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- [Professor Interview] Professor Nah Lee: Engineering to Marketing, Korea to the US and back to Korea
- Professor Nah Lee, who joined SKK GSB this fall as a marketing professor, discusses her background, life before her academic career, and school experiences. - Please introduce your childhood and background briefly. I was born and raised until middle school in Seoul. Then I moved to the U.S. and started my high school education. After high school, I went to University of Virginia, where I also did my first master's. I also received two other M.S. degrees from Columbia University and Georgia Tech, before receiving my Ph.D. from Duke University. My initial academic interests were actually in engineering, but then I moved toward business studies, starting with operations. Over these years, I navigated different fields to find my true passion, which is in quantitative marketing and what I do now. - What made you shift from an engineering background to marketing? Engineering gave me foundational knowledge and a methodological base for further studies. It is still very important in my research, but I became more interested in applied research on how our everyday behavior affects firm performance and what the businesses should do about it. This switch was largely due to the global digital transformation. Basically, I was fascinated by the process of sharing information online and the implication of this massive amount of data that are available today. In recent years, we have seen a boom in data science, and also the problem it creates when firms have no experience dealing with such online information. With my engineering and analytical background, I can provide quantitative insights from data that can be useful for firms in understanding their consumers and shaping their marketing decisions and outcomes. - Welcome back to Korea. What made you decide to return here for your career in academia? There are quite a few reasons this was the perfect opportunity for me. First of all, COVID-19 changed everyone’s perspective: almost everything is possible virtually now. Some even say that it is easier to stay connected online than face-to-face. With this change, being a professor in Korea didn’t seem to me as such a distant leap from the global academic mainstream, especially from the faculty members and the colleagues in the U.S. that I would like to stay in touch with; rather, it actually seemed more like reaching towards Asian cultures and emerging markets, and broadening my perspectives. Moreover, I wanted to teach at graduate level at a business school, so SKK GSB was a perfect fit for me and also an opportunity for me to contribute the most from what I have learnt from my years of education in the U.S. - How have you enjoyed teaching at SKK GSB so far? I've been teaching Pricing Strategies and Digital and Social Media Analytics. I have been very much enjoying teaching these courses since they are quantitative and match my comparative strengths well, and the social media analytics is also directly related to my research. The school and Dean Shih were very considerate in trying to assign me the courses that match my strengths and interests, and this has made my SKK GSB experience more rewarding. In these courses, I want to convince students that marketing nowadays is more than just soft skills or intuitions about consumer behavior. I want them to see what I see—that the emerging trend centers on data science and quantitative modeling, and this makes marketing more technical and analytical. - You have taught in the U.S. previously. How different is teaching at SKK GSB? In the States, I taught undergraduates at Georgia Tech and served as a teaching assistant for MBA students at Duke University. But I’ve also taught graduate students and working professionals in Korea before, so I guess it wasn’t that big of a “change” as I knew what to expect and that the student profile and culture would be somewhat different here. The student body at SKK GSB is diverse and unique in its own way. I have had talented students from the United Arab Emirates, Germany, Indonesia, and other countries nearby and far. Among the professional MBA students, there are working professionals from leading major companies in Korea to smaller startups and tech companies. No matter where the students come from and where they work now, one thing I am sure of is that there is no doubt that students came to SKK GSB for world-class MBA education and to broaden their global perspectives. And we are offering this unique experience in the heart of Seoul, one of the biggest metropolises in the world, and I am very proud to be part of the team! - Congratulations on your recently published paper in the Journal of Marketing Research. Could you briefly talk about your research focus, recent paper, and any other project you are currently working on? I study information in online reviews and how it can impact the purchase decisions we make as consumers, and also the business decisions firms can make in re-aligning their products. The accepted paper is about investigating the different types of information consumers share online, because the service products, like dining at a restaurant or staying overnight at a hotel, involve many different aspects of experiences, including food, room, service you get, and the interaction with the employees at the venue. I am currently working on reviews in the healthcare industry, and it’s fascinating because patients also write about many different aspects of their visit to the hospital: their interaction with the doctors, nurses, and other staffs, the facility, wait time, the medical diagnoses they received and the treatment outcomes, and so forth. The evaluations about all these aspects can affect prospective patients’ decision on which doctor to see and which hospital they should visit in the future, and this can also affect the decisions of the healthcare providers as to whether they should focus on increasing the quality of care they provide or how to allocate their resources to improve healthcare operations. - Do you have any advice for students in your class? Time and energy management is very important. Set the priorities and do the important tasks during the day of time when your brain is at its best. Try to get a little ahead of the due dates, so that you can save yourself from a lot of stress. Outside of the class, always remember your MBA experience should include networking and bonding with your classmates. Participate in social events, sports and other activities, as well as talks and other seminars taking place at SKK GSB. Every single experience during your time in the program, and all the networks and bonds you form with your peers and faculty members will benefit you for years to come after you graduate from the school. We would love to hear back from our students. Jawahirul Mahbubi, SKK GSB PR Committee, Class of 2023
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- 작성일 2022-11-22
- 조회수 12270
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- SKK GSB held a CEO Lecture with Mr. Ben Verhaert from OB Beer
- SKK GSB was delighted to host Mr. Ben Verhaert last Friday, November 11, for a special lecture on dreams, challenges, and creativity. Applying his first-hand experience, Mr. Verhaert emphasized that it is important to ‘Dream Big’. To fulfill our global future, Mr. Verhaert recommended starting by dreaming big because this mechanism re-motivates us to dream even bigger over time. Having several achievements encourages people to go out of their comfort zones, and to face new challenges that might lead to a new world. Mr. Verhaert also shared his motto: "You can’t control the wind, but you can adjust your sails." In life, we have tailwinds, and sometimes we must face headwinds. In the end, to persevere, it is most important never to give up, and to remain purposeful and positive. Thank you, Mr. Verhaert, for delivering this amazing and inspiring lecture!
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- 작성일 2022-11-21
- 조회수 11532
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- Professional MBA held an open class on Marketing Strategy and Planning, given by Prof. Shih
- On October 13th, SKK GSB welcomed prospective applicants to the Professional MBA Program open class on Marketing Strategy and Planning, given by Dean and Professor of Marketing, Eric Shih. The Marketing Strategy and Planning course is an extension of the Marketing Management course, aiming to provide frameworks and tools for addressing strategic-level marketing problems. The course focuses on marketing planning design, implementation, and evaluation from the perspective of management to maximize long-term customer value while generating the highest financial return for the company. The themes of this open class were the launch of new products, and the diffusion of innovation. In addition to getting a glimpse of the real SKK GSB, attendees were given a brief overview of the Professional MBA program and admission guidelines. Open classes are one of the best ways to connect with current students, faculty, and potentially future classmates. SKK GSB hosts open classes for potential MBA students considering starting their academic journey. Join us for upcoming open classes, and find out how to discover your global future!
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- 작성일 2022-11-17
- 조회수 12314
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- Renovated SKK GSB Lounge re-opened
- Renovated SKK GSB Lounge re-opened Photo for the opening ceremony of the GSB Lounge SKK GSB has renovated the GSB Lounge on B1 of the International Hall. Construction began in August, and an opening ceremony was held on Monday, November 14. The left side of the lounge is in a café style with conference rooms, and there is a space for MBA students to chat freely. The right side is also equipped with conference rooms, but it is in the form of a reading room, where each seat has own wireless charging deck and outlet. (left) Dean Eric Shih / (right) Dean Eric Shih and FMBA student presidents's cake cutting ceremony The opening ceremony was attended by Dean Eric Shih, Vice Dean Andrew Yi, and Vice Dean Raunaq Pungaliya, as well as other GSB professors and Full-Time MBA students. To celebrate the renovation, Prof. Shih shared a message of support for the students. Then, he cut a cake with two current student presidents: Ms. Jawhara Al-Haddad (FMBA, 2023), and Ms. Christine Gayle Carabeo (FMBA, 2024). View of GSB Lounge (9B101)
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- 작성일 2022-11-16
- 조회수 9668
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- SKK GSB Professors Raunaq Pungliya and Yanbo Wang's paper published in the Journal of Financial Markets
- Professors Raunaq Pungaliya and Yanbo Wang's paper, "Machine invasion: Automation in information acquisition and the cross-section of stock returns," has been accepted for publication in the Journal of Financial Markets. The Journal of Financial Markets publishes high quality original research on applied and theoretical issues related to securities trading and pricing. Abstract as below: We estimate the number of machines “covering” a firm by separating machine Internet protocols (IPs) from human IPs based on the intensity of information retrieval using the EDGAR web log dataset. We investigate the relationship of machine coverage and the cross-section of stock returns and find that stocks in the lowest quintile of machine coverage outperform those in the highest quintile by 6% annually after adjusting for risk. Our results indicate that automation in information processing has a significant impact on the cross-section of stock returns. Keywords: Automation; SEC filings; Demand for financial information; Big data; Stock returns; Machine-readable disclosure
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- 작성일 2022-11-11
- 조회수 8958
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- Career Talk with FMBA Alum: Derek Laan
- (Right, Derek Laan) At the beginning of October, SKK GSB’s Career Development Center (CDC) organized a Career Talk with Derek Laan (Full-Time MBA, 2015). Derek is originally from the US, and has lived in Korea for over 13 years including three years working as an English teacher. He decided to study at SKK GSB to develop his potential for a business career. His work experience in Korea covers a range of companies from conglomerates to startups. He stressed the need to build Korean language skills, not just for work proficiency, but for networking with Korean colleagues. Regarding networking, he also advised against being afraid to make new friends. The CDC is dedicated to connecting students and alumni for networking and opportunities. It therefore organizes regular events called "Career Talk." In these sessions, alumni share their experiences at SKK GSB, and explain the paths they then followed.
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- 작성일 2022-11-07
- 조회수 9684
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- [Maeil Business News] No Country for Free Pension
- 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). The year 2022 has been tough for global financial markets. As a result, many of the world's public pension funds have recorded varying losses. Korea's National Pension Service, which concerns all citizens, is no exception. In fact, exceptions in this market situation should rather question the method of fund management. Inevitably, by the end of the year, more articles will raise the tremendous fear that people's retirement funds will disappear. Unquestionably, the National Pension Service should continue to learn more from the market situation this year, and better manage the fund. However, it is unfair to criticize the National Pension based on this year’s returns. Instead, in order to create a win-win pension, the nation should apply what has been learned this year to organize a better management system in the future. In this era of centenarians, many people are concerned about their retirement. Then, which country guarantees the best retirement plan, and what system makes that possible? According to the 2022 Global Retirement Index report by French investment bank Natixis, Norway has the best-secured retirement plan. Norway, like Korea and other advanced countries, has a triple-layer pension structure consisting of the national pension, retirement pensions, and private pensions. However, the details are somewhat different from Korea's. The Norwegian pension aims to ensure no difference in income and living standards before and after retirement. Generally, the total pension is comprised about 60% from the pre-retirement income, 40% from the national pension, and 20% from retirement pension. In addition, since the post-retirement tax rate is much lower than that before retirement, the difference in disposable income after tax is negligible. On the other hand, after retirement, consumption tends to decreases with age, allowing retirees to feel no difference in their quality of life. In Norway, seniors over the age of 66 can receive national pension, but people can apply in advance as early as 62 years old, and payments vary depending on the duration and amount of contributions, as in Korea. The amount can also vary depending on pension points that take into account other criteria. Pension points’ criteria include individual reasons such as spouse’s income, disability, industrial accidents, childcare duties, and unpaid community service. If someone pays an amount worth more than five years of the Norwegian national pension, then that person becomes eligible for pension points. So what is the minimum amount one can receive under the Norwegian pension system? The Norwegian system has its own philosophy in pension calculation. Every year, three parties—the government, unions and corporations—agree on a value called G, which represents the minimum annual allowance per person. Yes, this is allowance, not cost of living. G in 2022 is 111,477 krone, equivalent to 15 million Korean won under the October exchange rate. 2G, about 30 million Korean won, is the minimum annual pension in Norway. This is the basic thinking, though there are many particular rules. The maximum annual pension can be 7.1G, which is a little over 100 million Korean won based on the current exchange rate. Of course this is under the extreme condition that the recipient has paid into the national pension for 40 years from the age of 13. The next question can consider how much one should pay monthly into the Norwegian national pension. Salaried workers pay 8% of their salary, while their employer pays 14.1% if the company is located in the capital, Oslo. The company’s share changes depending on location. In Oslo, the total pension payment is 22.1%, which is by no means small. Even in one of the richest countries with enormous natural resources such as petroleum reserves, and with the world's most exemplary public fund management system, there is no free retirement plan. Original article in Korean: https://www.mk.co.kr/opinion/contributors/view/2022/10/968084/
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- 작성일 2022-11-03
- 조회수 9103
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- Homecoming 2022 is canceled
- SKK GSB hopes all SKK GSB community and their loved ones are safe and in good health. Because of the catastrophic incident in Itaewon at the weekend, the government has announced a period of national mourning till November 5th. Following the government’s guidelines, and out of respect for the victims and their families, SKK GSB has canceled the Homecoming 2022 scheduled for Monday, October 31, 2022. It is regrettable that we have had to cancel Homecoming 2022, where we have all longed to catch up. However, for now, let us take some time to consider the victims and their families, and to hope for a speedy recovery for the injured.
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- 작성일 2022-10-31
- 조회수 11675