Finance
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Seeking a New Economic and Industrial Paradigm
The School of Humanities & Social Science will offer the open lecture course titled ‘Seeking a New Economic and Industrial Paradigm’ from May11 to June 7. This is part of a quarterly lecture series run by the school and open to the public.
The open lecture is designed to provide opportunities for the public to identify future challenges and opportunities for Korea’s economy and industry. Experts in macroeconomics, finance, and global collaboration will provide glimpses of new directions for each sector as well as megatrends of emerging technologies on the heels of the 4th Industrial Revolution.
Jin Hyuk Yoo from the Bank of Korea will speak on the ‘Outlook and Challenges of the Korean Economy.’ He will identify the current economic situation and explain how to build on sustainable long-term economic growth in the opening course.
Won-Bin Lee of the Korea Institute for Industrial Economics & Trade will present on the ‘New Industrial Policy in the Era of the Fourth Industrial Revolution.’ His lecture will focus on fostering the local industry and creating its own ecosystem for furthering regional industries.
Dong-Hoon Lee of Donga ST will speak on the implications that the Fourth Industrial Revolution will bring about in the medical industry. Won-Suk Choi of FnPricing will introduce the FN business model, presenting the risks and benefits of fintech in his lecture ‘Finance: Human and Technology.’
Jae-Hong Choi of the Institute of International Development Cooperation at Korea University will give a talk titled ‘Toward the World through Global Cooperation.’ He will present on the history of Korea’s global cooperation initiatives and the role of KOICA, introducing its emerging economic and industrial cooperation model.
Professor Jeounghoon Kim, who is responsible for the public lecture program, said, “Korea now faces very diverse social economic and industrial challenges and we seem to be lost while searching for a solution. The public will have an opportunity to understand the current economic situation and its industrial implications.”
For registration and more info, please visit http://hss.kaist.ac.kr.
2017.04.26 View 6960 -
Prof. Woo Chang Kim Is Appointed as Managing Editor of Quantitative Finance
Professor Woo Chang Kim of the Industrial and Systems Engineering Department has been elected as the Managing Editor of Quantitative Finance.
Founded in 2001, Quantitative Finance has been an internationally-acclaimed peer-reviewed journal in the field of financial engineering, along with Mathematical Finance.
This is the first time for a Korean researcher to be named for the editorial board, which consists of eminent scholars from around the world, including four Nobel laureates.
Professor Kim’s expertise lies in financial optimization, portfolio management, and asset liability management. In recent years, he has focused his research on robo-advisors in the area of FinTech, and for this contribution, he was appointed as managing editor.
Professor Kim also served as an editor, deputy editor, and a member of the editorial boards for various journals, including the Journal of Portfolio Management and Optimization and Engineering. Currently, he serves as a member of the Korean National Pension Fund’s Electoral Commission, an adviser to Samsung Asset Management Co., Ltd., and the director of the KAIST Asset Management for Future Technology Research Center that was opened in October 2016.
2017.02.23 View 7416 -
KAIST to Host Conference on the Financial Technology Industry
To take place in the Korea Federation of Banks building on May 21, 2015, Seoul
Around 200 individuals to be present including Oh-Kyu Kwon, the former Minister of Finance and Economy and Chang-Hyun Yun, the former president of Korea Institute of Finance
KAIST will hold a conference to discuss prospects for Korea’s financial technology industry (FinTech) and to address the rapid changes taking place in both national and global finance markets.
The conference will be held in the Convention Hall of the Korea Federation of Banks building in Myeongdong, Seoul on May 21, 2015 with a theme entitled “The Challenge and the Task of Korean FinTech Industry in the Global Finance Market.”
Around 200 individuals including Oh-Kyu Kwon, the former Minister of Finance and Economy, Jiwon Jung, a member of a standing committee of Financial Services Commission, and Steve Kang, the President of KAIST will attend the meeting.
The term “FinTech” originates from the combination of two words, finance and technology, to describe a new form of financial system based on Information Technology (IT). The precise definition and boundary of FinTech is not fully established yet, but this will provide Korea with an opportunity to take the lead in the finance industry with its cutting-edge IT.
The conference will focus on the methods by which Korean FinTech companies can acquire a competitive edge in the global finance market. The keynote speaker, Tong-Suk Kim, the Dean of College of Business, KAIST, will speak about “The Challenge and the Task of Korean FinTech.” The talk will emphasize how the FinTech industry can create an innovative industry, destroying the existing paradigm of payment system and Internet-only banks.
The keynote speech will be followed by a talk on “The Requirements for Establishing Korean FinTech Ecosystem” by Jong-Hyun Kim, a researcher at Woori Finance Research Institute, Korea.
Additional talks, which will be given by KAIST professors, are:
“Korean Economy and the Role of FinTech” by Professor Young-Sun Kwon of the Department Business and Technology Management;
“Korean FinTech in ICT Perspective” by Professor Yoon-Joon Lee of the Department of Computer Science;
“The Current State and Possibilities of Korean FinTech” by Professor Byung-Tae Lee of the School of Management Engineering; and
“The Task and Challenge of Promoting FinTech Industry” by Professor Byung-Chun Kim of the School of Management Engineering.
Also, Professor Chang-Hyun Yoon of the School of Business Administration, University of Seoul, will give a talk on “The Crisis in Korean Finance Industry and the Role of FinTech.”
The conference will also hold a discussion session on “The Promotion Methods for Korean FinTech Industry.” Participants for the discussion will include Jae-Sung Song from the Ministry of Science, ICT and Future Planning, Dong-Hwan Kim from the Financial Services Commission, Jeon Jin from Samsung Economic Research Institute (SERI), Hyo-Jin Lee of 8Percent, In-Chang Hwang from the Korea Insurance Research Institute, and Jae-Kyu Lee from Koscom.
Byung-Chun Kim, the Director of KAIST’s Financial Engineering Research Center, who organized the FinTech conference said, “FinTech industry will evolve from simply attempting to attract consumers to understanding the lifestyle patterns of consumers to provide customized service and information.”
2015.05.20 View 8405 -
Professor Sunyoung Park Receives an Award from the Minister of Strategy and Finance of Korea
Professor Sunyoung Park, the Department of Industrial and Systems Engineering at KAIST, received an award from the Deputy Prime Minister and the Minister of Strategy and Finance of the Republic of Korea on December 31, 2014 in recognition of her contribution to the Korean economy. Known as an expert in macroeconomics and finance in Korea, Professor Park has conducted research in macroeconomic policies and capital flows.
Recently, Professor Park attended the 18th ASEAN+3 (Korea, Japan, and China) Finance and Central Bank Deputies’ Meeting held in Tokyo, Japan, on December 3-5, 2014 and presented a paper on the economic policies of Asian and G20 nations, receiving positive responses from the participants.
At the award ceremony, she said, “With continuous support from the government and collaborations with regional partners, I hope that my research will help Korea and the Asian economies grow further.”
2015.01.06 View 7379 -
KAIST Secures Top Ranking of Korean Universities
KAIST won the No. 1 position for the second year in a row in the daily JoongAng Ilbo"s university rankings for 2009. Seoul National University took back the No. 2 spot, followed in order by POSTECH, Korea and Yonsei universities.
The survey was conducted in the four categories, educational environment/finance, professors" research, general reputation/social advancement and globalization. KAIST scored 293 points out of possible 400 this year, while the second-ranking SNU and third-ranking POSTECH earned 234 and 226 points, respectively.
The daily noted that KAIST particularly excelled in the category of educational environment/finance. It observed that donations to KAIST surged almost 100 times for the past three years since 2006 when President Suh took office.
In specific rankings of universities by academic disciplines, SNU came in first overall. KAIST topped in the science and engineering field, while Korea University ranked first in liberal arts studies.
This year, 88 four-year universities participated in the survey. The daily JoongAng Ilbo started its annual evaluation of Koran universities in 1994 to stimulate productive competition among institutions of higher learning and to provide objective standards for students and their parents to select schools for application.
For more information, news.joins.com/article/391/3789391.html
2009.09.24 View 13670 -
KAIST Introduces Dual Degree Program for MBA with American and British
Korea Advanced Institute of Science and Technology (KAIST) Graduate School of finance signed a dual degree program contract with the University of Rochester and London Business School. Starting from the entering class of 2009, the dual degree program will allow students of the Graduate School of finance to attend ten lectures in a foreign university and receive degrees from both institutes. After the dual degree program is applied, in the case of the University of Rochester, KAIST students will finish three terms at KAIST Graduate School of Business. Then the students will spend the last eight months in the University of Rochester. This opportunity will be given to roughly 20 students out of 100 entering students.KAIST MBA School was built in 1995 and has been operated as the Graduate School of Business Administration for ten years. Then, it was developed into two major departments: the Graduate School of finance and the Graduate School of information and media. After the division, they have chosen the dual degree program as the strategy for building up the capability of the Graduate School of Business.The dual degree program of KAIST has a unique feature that other MBA Schools do not have. Once a student is selected by KAIST to participate in the dual degree program, the student will be able to study in the foreign university even if he or she had been rejected from it. This is an important characteristic that differentiates KAIST from other MBA Schools where students need to have approvals from both universities.As well as the Graduate School of finance, the Graduate School of information and media is currently working on signing a dual degree program contract with Marshall University. Once a contract on Memorandum of Understanding is signed, students will be able to receive MBA degrees from both KAIST and Marshall University.The University of Rochester is a MBA School specializing in finance, which in 2007, was ranked 5th in financial affairs and accounting according to Financial Times. Currently, 14 KAIST students are enrolled in a dual degree program for MBA in the university.By KAIST Herald on November 2007
2007.12.21 View 12856