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- Professor Jin-hyung Lee was selected as the main researcher
- Professor Jin-hyung Lee was selected as the main researcher of the ‘Research on Improvement of the Compensation System for Pharmacy Services.’ It is a large project with an estimated cost of 250 million won. There have been several studies on the improvement of the compensation system for pharmacy services and the role of pharmacists since the separation of prescribing and dispensing drugs. However this study is large-scale and comprehensive to prepare for the future of pharmacists. This study is expected to be of great significance in establishing a proper compensation system based on the development of pharmacists' specialized service areas and the value of services according to the changing healthcare and social environment.
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- 작성일 2021-04-15
- 조회수 2488
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- Professor Jongseon Hong elected as the 16th president of the KDISS
- Professor Jongseon Hong, Department of Statistics, elected as the 16th president of the Korean Data and Information Science Society Professor Jongseon Hong of the Department of Statistics was elected as the 16th president of the Korean Data and Information Science Society. His term of office is of two years, starting from January 2021. The Korean Society for Data and Information Science is a traditional academic society in the field of statistics that was founded in March 1989 and it celebrates its 32nd anniversary this year. As a large academic society with more than a thousand members, it leads the academic activities in related fields in the era of the 4th industrial revolution, big data, artificial intelligence, and data science. It aims to be registered as “Scopus” in the academic journal of Korean Data and Information Science Society, and it is actively operating by holding regular academic conferences twice a year and promoting big data-related workshops. It also strives to organize and support the research group centered on young scholars. Professor Jongseon Hong expressed his ambition by saying, "I will devote myself to the internationalization and continuous development of the Korean Data and Information Science Society."
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- 작성일 2020-11-09
- 조회수 2749
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- The 65th Korean Academy Award (2020) winner, Professor Kwang-su Kim
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The 65th Korean Academy Award (2020) winner, Professor Kwang-su Kim (Department of Economics) The Korean Academy of Sciences announced that Professor Kwang-su Kim of the Department of Economics was selected as the winner of the “65th Korean Academy Awards 2020” in the Social Sciences category. Among the eight winners of the 65th Korean Academy of Sciences, Professor Kwang-su Kim was recognized for the academic value of his book “The Convergence of The Wealth of Nations and Adam Smith”, considering his academic achievement of leading the scientific philosophy and methodology of scientific realism in the world of thought history related to Adam Smith. Adam Smith is known as a supporter of laissez-faire, emphasizing selfishness and market-oriented infinite competition in the atmosphere of the era dominated by black and white logic. However, in reality, Adam Smith emphasized the overlap and interaction with social animals in
, and he argued that the participation of social individuals who embody a social community identity (shared culture and customs) in politically economical activities under the values of freedom and equality promotes the sustainability and prosperity of society. This socio-political philosophy corresponds to the pioneer of modern liberal communitarianism. The academic value of written by Professor Kwang-su Kim is in that it newly refocuses to Adam Smith's social and political philosophy by interpreting not only Adam Smith's economics, but also his thoughts on law, politics, institutions, culture, moral philosophy, etc. as an interlinked convergence of studies. Considering the research practice of the Korean economics community, which is currently mainly focused on empirical analysis research, the convergent research attitude to scrutinize the value of core Western classics for decades was evaluated as encouraging above all. The Korean Academy Awards, the prestigious and honorable academic award with the longest history in our academic world, are awarded annually by the Korean Academy of Sciences to scholars who have accomplished world-class excellence and original research achievements for the purpose of promoting domestic academic research. Since 1955, it has been awarded to scholars with remarkable contributions to academic development in the humanities, social sciences, and natural sciences every year, and has produced a total of 265 winners over 65 times. The awards ceremony will be held at 10 am on the 17th of September in the conference room of the Korean Academy of Sciences, and the deputy Prime Minister for social affairs and Minister of Education Eun-hae Yoo will be present to congratulate the winners by awarding a certificate and a medal. -
- 작성일 2020-09-18
- 조회수 2758
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- Yu, Jin Young (Advisor Ryu, Doo Jin) Received Best Thesis Award from KAFE!
- Department of Economics Ph.D. Program Yu, Jin Young (Advisor Ryu, Doo Jin) Received Best Thesis Award from the Journal of Financial Engineering Yu, Jin Young (Advisor: Ryu, Doo Jin), a Ph.D. student in the Department of Economics of our university, won the Best Thesis Award at the 2020 Summer Conference of the Korean Journal of Financial Engineering. In the award-winning thesis (thesis title: Information Trades of Options Around Holidays), Yu, Jin Young analyzed financial big data including real-time order price information with a market microstructure model and investigated the behavior of high-frequency information transactions before and after holidays from various aspects in the derivative financial product market. Yu, Jin Young entered the Department of Economics at our university through international high schools in Australia and Beijing, and in order to devote to the studies without interruption, he applied for the undergraduate/master's linkage course and the master's/doctoral integrated course. He is currently attending the second year of the doctoral program. Even though he is still in his lower years in the program, he has already published his thesis in Finance Research Letters, the top 8% journal based on JCR (© 2020 Clarivate Analytics), and Emerging Markets Review, the top 11% in Business-Finance (Top 15% in Economics). As such, a total of 7 SSCI journal articles have been published so far, and several papers are currently being reviewed by renowned academic journals. In his acceptance speech, Yu, Jin Young said, “The process of writing a thesis requires a lot of effort and is difficult, but the experience of exploring new research topics, writing thesis, and publishing it in journals is very valuable. I think it is a great luck to be able to devote myself to research day and night with my advisor, learning how to write a thesis and grow up as a scholar.” In addition, he expressed his ambition as a scholar, saying, "I want to challenge myself to be appointed to a prestigious overseas university for the first time as a Ph.D. in our school's economics department."
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- 작성일 2020-09-04
- 조회수 2870
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- [Congrats!]Department of Economics, Selected as the BK21 Four Project
- Department of Economics, Selected as the BK21 Four Project Education & Research Program for Sound Growth of the Korean Economy in the Digital Era Group leader: Professor Kim, Sung Hyun Our university's Department of Economics applied for the BK21 Four Future Talent Cultivation Project under the group name of ‘Education & Research Program for Sound Growth of the Korean Economy in the Digital Era' and after competing with the leading universities in Seoul, it was selected along with Seoul National University and Korea University by its excellent grades. The Ministry of Education and the Korea Research Foundation announced the results of the selection of such projects on the 6th of August. It is a splendid achievement to be selected for the BK project again in 7 years after the second stage BK project. The BK21 project is a graduate school support project that allows future academic generations to focus on academics and research. The fourth stage BK21 project, which will be in progress for 7 years starting from September, is about 2 trillion 900 billion won of budget, investing 409 billion won per year in terms of graduate student research scholarships and up-and-coming research personnel expenses and the Economics Education Research Group will receive more than 900 million won annually. Kim Il-Joong, dean of the College of Economics, expressed his emotions saying "I am grateful to both the group leader and the participating professors for providing the opportunity to become a world-class economics research institute leading the academic development in the digital era. I am especially deeply grateful for the creativity and dedication of the writer’s committee members who continued to work even on weekends for as many as eight months right before the presentation in July and prepared a genuine and outstanding project proposal.” This research group had its motto be big data quant analysis and social contribution research and the group consisted of 18 professors and graduate students, including the group leader Kim, Sung Hyun, vice leader Kim, Chang Sik, and professors Park, Min Soo, Lee, Dong Won, Cho, Doo Yeon, Lee, Seung Duck, who worked hard as the writer’s committee members. The group leader Kim, Sung Hyun determined "Amid the declining number of students and the increasingly fierce competition for top universities, the selection of the BK project was an important step in the life and death of graduate school education. Now that we are in a stable atmosphere, it can be said that a great milestone has been established to upgrade graduate school education and research, which was relatively lagging behind the undergraduate school education. In the future, based on the government's support, we will not remain the best in Korea, but will advance to a world-class graduate school.
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- 작성일 2020-08-10
- 조회수 3113
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- Economics Area, Simultaneous ON/OFF-LINE Hiring Process of Full-Time Faculty Members Completed Successfully
- Economics Area, Simultaneous ON/OFF-LINE Hiring Process of Full-Time Faculty Members Completed Successfully: From the Announcement of Candidate Seminars and Evaluation of Judges to Final Academic Conference and Anonymous Votes In the economics area (Economics, Global Economics, Quant Applied Economics) of the College of Economics, on July 10th (Fri), the department review (seminar) for hiring full-time faculty members was conducted simultaneously on a non-face-to-face and face-to face basis (ON/OFF-LINE). In order to overcome the various constraints caused by COVID-19, the presenters, as well as the evaluators (professors), attended face-to-face and non-face-to-face. Therefore, foreign professors and professors on business trips abroad also attended the evaluation. To realize this simultaneous platform, thorough preparations were done, such as pre-mock tests, for a few weeks before the evaluation. In addition, the headquarters also cooperated by sending URLs containing the research results of the seminar presenters to the ONLINE evaluators immediately before the start of the examination, in order to assist in accurate evaluation. Subsequently, on July 20th (Mon), the academic conference to determine the final interview candidate was also conducted ON/OFF-LINE. After in-depth discussion of the candidates' research power and other qualities, the mobile secret voting method was first introduced to finalize the recommendation of new faculty members at the academic level. (Figure 1) Dean of the Department of Economics, Jun Sang Lee, mediating the seminar presenter, face-to-face evaluator, and non-face-to-face evaluator The series of processes that have been undertaken in the last ten days in the economics area has been an innovative and challenging attempt. As a major step forward in the decision-making mechanism of the school for the most important issues, it was an active and preemptive action against the prolonged COVID-19 environment. (Figure 2) Question from a foreign professor staying abroad In fact, the successful method of hiring full-time faculty members in this economics area, conducted on a simultaneous ON/OFF-LINE platform has considerable implications in terms of governance. While maintaining a high face-to-face attendance rate based on the prevention system, it was possible to maintain an open position for non-face-to-face attendance, improving participation in key decision-making within the organization, and further ensuring transparency and efficiency of the procedures. (Figure 3) Active face-to face and non-face-to-face inquiry and discussion In addition, it was confirmed that the mutually free questions and responses between the three parties – presenter, face-to-face attendees and non-face-to-face attendees – are secured. Therefore, it was repeatedly verified that in the future ‘untact’ situations caused by COVID-19, it can be routinized as an effective communication platform not only for lectures but also for various research activities and other administrative fields. (Figure 4) Face-to-face and non-face-to-face final academic conferences and introduction to mobile secret voting method
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- 작성일 2020-07-22
- 조회수 3122
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- Won Silver and Bronze Prizes at the 3rd Research Challenge Hosted by Korea Investment & Securities Co.
- SKKU Students Ahram Kim (History·Economics), Hyunggeun Ryu (Global Economics), Solmin Lee (Business), Soongyu Kwon·Wonyoung Hwang (Statistics) – Won Silver and Bronze Prizes at the 3rd Research Challenge Hosted by Korea Investment & Securities Co. At the 3rd Research Challenge awards ceremony held at the Yeouido headquarters of Korea Investment & Securities Co. on July 9 (Thursday), Ahram Kim won the silver prize, Hyunggeun Ryu · Solmin Lee and Soongyu Kwon · Wonyoung Hwang won the bronze prizes. The ‘Research Challenge’ is a preliminary analyst competition for college students hosted by Korea Investment & Securities Co. The 3rd Research Challenge became a heated competition because 192 college students were applied, 27% higher than last year. The first round of 12 reports was selected through document screening and direct evaluation by senior analysts. And 5 teams (10 people) and 2 individuals who received high mark in the final presentation were selected as the final winners. Ahram Kim, who won the silver prize, wrote an investment strategy report titled "FinTech, What Changes". The team of Hyunggeun Ryu and Solmin Lee, who won the bronze prize, analyzed Studio Dragon under the title of "The Unending Silk Road," while Soonkyu Kwon and Wonyoung Hwang's team wrote a quant strategy report titled "How Does Artificial Intelligence Choose Stock". Ilmun Jeong, the CEO of Korea Investment & Securities Co. said, "Expectations are high again this year, as nine analysts who have joined the company after participating this Research Challenge over the past two years have produced remarkable accomplishments. In addition, the company plans to hold an annual competition to select talented students from Generation Z so that they can fulfill their dreams as analysts.” [Link to Related Article] https://news.mt.co.kr/mtview.php?no=2020071011231456306
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- 작성일 2020-07-20
- 조회수 2887
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- The Central Bank’s View on COVID-19
- The Central Bank’s View on COVID-19: Hold a special ON/OFF-LINE Lecture by Deputy Governor of the Bank of Korea & Department of Quantitative Applied Economics, SKKU The department of Quantitative Applied Economics, SKKU invited the deputy governor of the Bank of Korea, Gyu Il Chung to hold a special lecture on ‘COVID-19 Crisis and Policy Response by the Central Bank’ on June 27 (Sat). Il Joong Kim(Dean, College of Economics), Hee Joon Han(Dean, Department of Quantitative Applied Economics), Sung Hyun Kim(Dean, Graduate School of Economics) and quant students attended this special lecture. [Image1] College of Economics, Dean’s office, promised to donate prevention and development fund (from left to right) Sung Hyun Kim(Dean, Graduate School of Economics), Il Joong Kim(Dean, College of Economics), Gyu Il Chung(Deputy Governor of the Bank of Korea), Hee Joon Han(Dean, Department of Quantitative Applied Economics) The deputy governor discussed the COVID-19 crisis and policy response, starting with the general theory on central bank theory. It elaborated that it is necessary to properly prioritize the central bank’s two policy objectives, financial stability and price stability, depending on the characteristics of the timing of economic conditions from the Great Depression in the early 20th century to the so-called Great Inflation, Great Moderation, and Great Recession to the “Great Lockdown” caused by the COVID-19. He compared the impact on supply, demand, and private cash flow from the aspects of the COVID-19 crisis and its ripple effects on the financial/foreign exchange market and the policy responses of the Bank of Korea and the U.S. Fed to each sector. [Image2] Gyu Il Chung, the deputy governor, explaining ‘COVID-19 Crisis and Policy Response’ This event is significant because the highest authority in the related policy field gave the timely lecture based on data under the on-going COVID-19 situation. The deputy governor Chung has joined the Bank of Korea since 1987 and was an alumnus of the department of Economics, SKKU. He has received a Ph.D. from the University of California and has written a number of academic articles. He also has been active in academic research as well as in the policy sector. On that day, Gyu Il Chung gave a lot of advice and encouragement to his junior colleagues. In addition, he expressed his deep affection for his alma mater by visiting the dean’s office and promised to donate development fund as well as lecture fees. This special lecture was conducted in a large lecture room as part of College of Economics’ recent effort to build an ON/OFF-LINE simultaneous platform. Several full-time & part-time professors and graduate students of economics asked questions through WEBEX, and professors on business trips also participated to continue the discussion. Through this procedure, it has been confirmed that three-way communication between presenters(offline) and participants(online & offline) can also take place normally in the large classroom. [Image3] View of ON/OFF-LINE special lecture in the large classroom Through this special lecture, which was conducted ON/OFF-LINE simultaneously, we were able to secure high face-to-face attendance rates, questions and answers among face-to-face and non-face-to-face participants, and presenter’s freedom of physical movements over the past three months. The ‘untact’ situation due to the COVID-19 reaffirmed that it can be routine as an effective communication platform. [Image4] Gyu Il Chung, the deputy governor, conducting Q&A with ON-LINE participant
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- 작성일 2020-07-20
- 조회수 2956
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- First “Quant-people’s Night” Finished Successfully
- First “Quant-people’s Night” Finished Successfully The Department of Quant Applied Economics at the School of Economics held the first unity meeting after the establishment of the department under the name of “SKKU DQAE==The First Step Toward a Better Future” at the Plaza Hotel, Maple Hall on Saturday, May 23. It was an event that was finally achieved when the student council took lead for all preparations after the department’s first students continued to request a place of pledge and communication, that was being postponed due to the COVID-19 situation. All of the students (32 students) from Quant Applied Economics attended the meeting, in addition to the dean of the School of Economics Il-joong Kim, dean of the Department of Quant Applied Economics Hee-jun Han, and the professors who give actual lectures such as Sung-hyun Kim, Jae-jik Kim, Chang-shik Kim, Min-soo Park, Doo-yeon Cho, Joon-mo Cho, Soo-sung Hwang, and Eun-jung Heo. Also, Geun-baek Lee, dean of the Department of Statistics, and Dong-won Lee, dean of the Department of Global Economics, as well as the assistants of the Economics College and the staff of the administration office attended the meeting and encouraged them. (Chant saying “Let’s take a leap forward for a luxurious department”) The first part of the meeting was briefly conducted by Byeong-Koo Cho, chairman of the student council, in the following order: encouragement speech of the dean of School of Economics, introduction of faculty of economics, toast of the dean of Department of Quant Applied Economics, and dinner. In the second part of the event, which was prepared and conducted by the members of the student council, there was a presentation under the theme ‘Smart School Life’ that put together very useful and detailed information for studying at Myeongnyun Campus being enrolled in Sungkyunkwan University. Subsequently, the student council organized some joyful group events. (Chairman of the student council Byeong-Koo Cho leading the opening of the event) (Dean of School of Economics, Il-joong Kim giving the encouragement speech) In addition, while offering a toast to celebrate, Han Hee-jun, head of the department of Quant Applied Economics, said, “I highly appreciate the determination of the first students in the current program, as they bravely decided to enroll in the program, even if the Quant Applied Economics course had a big uncertainty, since it is the first time this new course is being attempted in Korea. When you look back on your career in the distant future, I sincerely hope that one of the best choices you have made related to your career was to participate in the 2020 DQAE course among many other decisions. I think you recently would have felt that after entering the university, it was not as easy as you expected to complete the course while working at the same time. However, I think it is a very valuable investment, so I ask you all to do your best until next summer. Of course, the professors and I will do our best for you, too.” (QAE Department chairman Hee-jun Han offering a toast for a vigorous start) On the other hand, the College of Economics exerted every effort to take preventive measures due to concerns of COVID-19 infections, by actively fulfilling social distancing in a wide space (accommodating 100 people) leaving enough space between people (5 people seated in each table that is for 10 people), disinfecting the event hall, putting on masks, providing personal vinyl gloves, etc.
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- 작성일 2020-06-05
- 조회수 3861
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- Thanks for the Alumni(Yoon Young-sun)'s Love
- The award ceremony for ‘Yoon Youngsun Scholarship’ and ‘Alumni Scholarship’ of the College of Economics was held on March 25th(WED) at the Dean's Office. ‘The Yoon Youngsun Scholarship’ which begins this year, was awarded to two outstanding new graduate students. In addition, the College of Economics Alumni Association selected eight postgraduate student awardees in the first semester of 2020 and awarded the total scholarship of twenty million won. On behalf of the Alumni Association, the alumnus Yoon Youngsun (matriculated in 1976) attended the 25th ceremony to present the scholarship. Yoon Youngsun who served as the Commissioner of the Korea Customs Service and President of the Alumni Association, shows great interests and support for the development of the College of Economics. In the past he played a leading role in fundraising about 90 million won during the period of the President of the Alumni Association, in order to enhance the status of the College of Economics and to strengthen its research capabilities. Yoon congratulated all the awardees and commented that he will keep going on supporting two excellent students by granting more scholarship of three million won every year.
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- 작성일 2020-03-25
- 조회수 3557