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World Bank Group and SUNY Korea to Hold an Online Training Program World Bank Group and SUNY Korea will host a five-week training program for entrepreneurs from 12 countries to leverage ICT solutions to drive innovation and entrepreneurship. This program (ETHOS: Entrepreneurial Talents’ House of Opportunities and Supports) begins on April 19th to foster and empower talented entrepreneurs through digital skill support and entrepreneurship training. This is the fourth edition of the program since its first inception in 2015, funded by the Korea World Bank Partnership Facility (KWPF). To help the ICT start-ups strengthen their businesses in the COVID-19 era, the ETHOS program this year will be operated virtually to selected participants from 12 countries: Algeria, Cambodia, Cameroon, Côte d'Ivoire, Ethiopia, Georgia, Lao PDR, Lebanon, Rwanda, Tunisia, Viet Nam, and West Bank and Gaza. The program entails a knowledge series, mentoring, tech partnership, networking, and pitching sessions to boost entrepreneurial aspects of participants. Selected participants will take customized business mentoring sessions, have opportunities to partner with Korean deep-tech startups to establish joint-ventures, and get investment opportunities. Selected participants will develop their business models more competitively and revise their pitch decks more attractively during 8-hour intensive mentoring sessions addressed by skillful mentors from CNT Tech, Born2Global Centre, D3, and NH Investment & Securities. Born2Global Centre is actively supporting the program by matching them with tech partners in Korea and providing joint-venture establishment opportunities. With tech partnership sessions, the program will be a channel for Korean deep-tech start-ups to expand their business to the globe and for the selected participants to integrate Korean advanced technologies into their business models. Wonki Min, the President of SUNY Korea, emphasized the true meaning of entrepreneurship in the type of society which the ETHOS program actively pursues. “As SUNY Korea’s mission is nurturing creative leaders standing up to global challenges, we are more than delighted to host the ETHOS program. Starting up a business is not only the key to economic development but also essential to the social and cultural advancement of human society. Therefore, ETHOS is committed to providing entrepreneurs with opportunities to build essential capacities to become successful.” Samia Melhem and Je Myung Ryu, Task Team Leaders from World Bank Group, made clear the role of ICTs in the COVID-19 pandemic situation. “Today, we are living in an extraordinary and unprecedented time, heading into a fast-changing future. The COVID-19 pandemic has suddenly accelerated digital transformation to the forefront across almost all sectors and brought new demands for disruptive technology solutions to better respond to the urgent medical, social, and economic needs. We have seen abrupt changes in consumer behavior in this digital economy as well. For both startups and businesses, the ability to leverage digital skills and online platforms has become a critical element to meet the consumer needs in a pandemic.” Hoon Sahib Soh, Special Representative of World Bank Group Korea Office, expressed high expectations toward the ETHOS program. “The WBG Korea Office is actively supporting SUNY Korea on the ETHOS II program. The Korea Office is a global innovation and technology center for sustainable development. I believe supporting programs such as ETHOS will be an integral part of our innovation and technology program”. The successful execution of the ETHOS program will enhance the reputation of Korea as a leader of ICT entrepreneurship, as well as demonstrate Korean economic development based on ICT businesses. Click here to read the related article
2021.04.23 Hits 824
FIT Professor Bon Kuk Koo's interview with "Weekly Today" FIT Professor Bon Kuk Koo had an interview with 'Weekly Today' about core competency of fashion designer. In this interview, Prof. Koo talked about SUNY Korea - FIT, teaching methods and core competency to be a fashion designer. Click here to read the original article
2021.04.21 Hits 872
Professor Gerald M. Stokes' contribution to Maeil Business Newspaper Net- Zero Written by Professor Gerald M. Stokes Recently, Korea pledged to make its economy “net-zero.” This means it will effectively eliminate all carbon emissions by 2050. This goal is admirable and in keeping with the five-year-old Paris Climate Accord process. In Korea, this is part of an emerging strategy to use the recovery from the COVID-19 pandemic as a vehicle for enhancing the green agenda in general and the reduction of greenhouse gas emissions in particular. The commitment is important and necessary. Every nation will have to make a similar commitment in order to stabilize the Earth’s climate. Korea’s leadership in this process is consistent with its emerging leadership role in many areas like culture, electronics, and disaster response and in this case the UN Framework Convention on Climate Change (UNFCCC). This leadership within the UNFCCC became significant during the tenure of Ban Ki Moon as Secretary General of the UN and continues with Hoesung Lee, the current head of the Intergovernmental Panel on Climate Change. This will not be easy, and I think it is important to think about what a profound change this will bring to Korea. Net-zero has two parts. The first part is to reduce the amount of carbon dioxide being released into the atmosphere. The emissions from Korea are greater than 12 metric tons of carbon dioxide per person per year. These emissions come from many industrial sources: generation of electricity, manufacturing, steel production, and shipping. Individual Koreans generate emissions by driving, cooking, and heating residences. Carbon dioxide emissions come from practically every aspect of society. Because “decarbonizing” some of the uses will be difficult, for example, steel production, the second part of a net-zero strategy is supporting processes that absorb carbon dioxide from the atmosphere. These processes are needed to offset difficult to eliminate emissions. For example, the forests of Korea absorb a little less than one ton per capita of carbon dioxide per year. There are also technologies that capture carbon dioxide for either utilization or disposal. These latter technologies are not currently in widespread use in Korea or anywhere else in the world. They are certainly worthy of governmental R&D. A great deal of energy generation technology is available to facilitate this transition., Renewable energy systems like wind, solar, and wave energy, as well as nuclear power can all make significant contributions. Recent advances in fusion power are also important, but this technology is not likely to create an impact before 2050. I am sure that Korea will rise to the technological challenge, but there is more. First and foremost, net-zero essentially means no fossil fuel use in Korea – not for electricity, not for driving, not for manufacturing, not for cooking. The 12-ton per capita carbon emissions highlight how much the Korean economy depends on fossil fuels. In many ways decarbonization should also be viewed as a reindustrialization of the country. This transformation will not be easy. It entails not only capital investment but many businesses, large and small, will either no longer exist or will have to dramatically change their business strategy. Lessons from around the world suggest that the magnitude of these changes will create political resistance. The challenge will become how to sustain the commitment with the government changing every 5 years. Next, it is important to plan to decarbonize the entire economy. Generally, we think carbon emissions are tied to production and fuel use within the country. However, there is a concept called consumption emissions, which is a measure of the emissions associated with consumption within a country. For example, if a country imports steel for construction, the country is consuming a commodity that generated emissions while being produced in another economy. Korea’s imported consumptive emission has dropped from 30% of domestic emission in 1990 to less than 5% in 2017, an impressive change. The US on the other hand, had no net addition of emissions from consumption in 1990, but its transformation to a service economy has resulted in it importing goods that now embody almost 8% of its production emissions. In essence, the US, in offshoring its heavy industry, has also exported its emissions. In Europe the same is true where countries like France, Great Britain, and Italy import goods that generate between 20 and 30 percent of their domestic emissions. The temptation for Korea to move emissions offshore will be very high. The net-zero commitment must include the whole economy, including emissions embodied in imports. Similarly, countries not only offshore emissions but they offshore poorly performing technology to the developing world. One prominent example of this is automobiles. Many developed countries, including Korea, are putting in place policies to improve mileage or accelerate the transformation to electric vehicles. The resulting used car supply is frequently exported to developing countries, where the vehicles’ poor performance creates environmental issues. These issues have led to some countries actually banning the import of used vehicles. Losing, or not participating in these markets would affect the value of used cars, a non-trivial consideration in consumer decisions to upgrade their vehicles. But the emissions exported in these vehicles are not a real reduction in global emissions. Similarly, developed countries not only export emissions in used technology, but also sell technologies abroad that would not be allowed within their own borders. Sometimes foreign assistance dollars are spent supporting the construction of coal-fired power plants in developing countries, that could not be built in the donor country. In conclusion, net-zero is an important and necessary aspiration. However, as Korea takes on this task, it must do several things. First, it needs a policy and aspiration that covers the whole economy, including addressing the carbon emissions of its imports and exports. Next, it must ensure that the policy has continuity and long-term support. Finally, it needs to be ready for the profound transformation net-zero represents. Korea shares the atmosphere and climate with almost 200 other countries. Its leadership will help others understand the importance of assuming global responsibilities and stewardship. Click here to read the original article
2021.04.19 Hits 744
SUNY Korea Spring 2021 Online Convocation SUNY Korea welcomed new students at the Spring 2021 Online Convocation. New students, faculty and staff came together virtually to celebrate the event on Friday, February 19. We sincerely send our congratulations to all those who made it to our university! Related Article: http://www.newsway.co.kr/news/view?tp=1&ud=2021021917193891715
2021.02.19 Hits 810
SUNY Korea Spring 2021 Online Convocation SUNY Korea welcomes new students who begin their new journey in SUNY Korea. We will come together virtually to celebrate the Spring 2021 convocation on February 19 (Fri) at 3 pm KST. This special tribute to the new students includes remarks from Dr. Wonki Min (President of SUNY Korea) and Dr. Maurie McInnis (President of SBU). You can access the virtual convocation via YouTube Live-stream on SUNY Korea’s official YouTube channel. *Join Live Streaming: https://youtu.be/F9x1UxShjeo ※ Please subscribe to our channel to receive an alarm for the commencement. ■ Date & Time: February 19 (Fri) at 3 pm (KST)
2021.02.10 Hits 682
idciti, a startup company established by Professor Ryoo Professor Jihoon Ryoo in the CS department introduced his technology startup company, idciti, in an IoT promotion video by Incheon Startup Park. Paired with SDR equipment, idciti transforms the GPS signal into software and creates computer equipment in a tunnel. Incheon city provided a field in order to test the new technology. The company hopes to install the equipment in various cities in Korea and eventually abroad. Related video: https://www.youtube.com/watch?v=51T-kk-0Xfk
2021.02.01 Hits 784
Dr. Chihmao Hsieh’s contribution to the Maeil Business Newspaper How can Korea’s Social Culture Evolve to Support its Entrepreneurship Education? Written by Dr. Chihmao Hsieh (Professor, Department of Business Management) Entrepreneurship training and education programs have grown exponentially around the world in the last two decades. Naturally, the government and educational sector in Korea have been busy creating programs for students. Since 2002, the Korean Ministry of SMEs and Startups has been implementing the “Youth Biz School” project to spread entrepreneurship to young people. Across all those years, about 3,700 schools have participated in that program. The Korea Institute of Startup & Entrepreneurship Development (KISED) was then launched in 2008 as a business incubator foundation, which now also adds a wide variety of entrepreneurship education and training programs. Middle schools and high schools all across Korea have created their own in-house entrepreneurship education programs, some yielding dozens of project-based outcomes every year. Today we can find good startup enthusiasm at dozens of Korean universities. Courses and educational events aiming to foster innovation and entrepreneurship are almost countless. Yet, decades later, the entrepreneurship output at the highest educational level—the university—is still underwhelming. According to the Korea Herald Business Daily (미주헤럴드경제), government support for university entrepreneurship programming in Korea recently is around 209 억 KRW while the startup revenue during the equivalent period has only been 102 억 KRW. Startup revenue can certainly lag that programming expenditure, but many entrepreneurship ecosystem leaders still lament these days that the output cannot rationalize the educational expenditure. While revenue isn’t the only indicator of success in entrepreneurship education, rapidly growing innovative startups are still the most respected indicator. In part due to my experience as an entrepreneurship educator for 15 years in the USA, Europe, and now Korea, I can suggest 3 different sociocultural elements of the entrepreneurship ecosystem here in Korea that still require development, to fully appreciate the potential of its entrepreneurship education. First, existing medium-sized enterprises should be more involved in the entrepreneurship education ecosystem. Large corporations like Samsung have steadily developed entrepreneurship and innovation programming that targets and benefits students, but chaebols alone cannot serve all the promising student ventures. While Samsung now has an in-house startup incubation program for its employees, and Hyundai and SK have recently partnered to nurture mobility and connected-car startups, many students today still have resistant pre-conceptions that Korean chaebols are unfriendly towards student entrepreneurship efforts and any startup success. The government should consider gathering successful medium-sized businesses into a national R&D network that can be leveraged to partner with new student startups. Of course, this is not easy. Those successful medium-sized businesses would ideally be vetted and certified in terms of their resources, commitment, reputation, and collegiality towards students. The Korean government should enlist and partner with financial institutions to play a larger role in developing innovative financing programs that stimulate partnerships between successful medium-sized enterprises and award-winning student startups. Second, parents should become more willing to accept and motivate their children to develop their creative ability and explore entrepreneurship during schooling. In April 2017, the “Presidential Youth Committee” (대통령직속 청년위원회) conducted a survey of 423 young entrepreneurs, asking them about their parents’ attitudes towards their startup. 28.1% of those parents had objected to their children creating startups. From those parents, the top two reasons for opposing start-ups were that they wanted their children to find stable jobs (37.8%), and that they believed that startup success was difficult (22.7%). Many of today’s parents are still stuck on their children working for large stable chaebols like Samsung, LG, or Lotte, and some may furthermore subscribe to the cultural history where scholars and government officials tend to have a higher status than businesspeople (“양천제”). Government and educational programs should welcome parents to the learning process, educating them about the value of entrepreneurial thinking for worklife in startups and in today’s large corporations. Schools and entrepreneurship training programs should not always turn away parents after they drop off their children to these programs. Even if they are not allowed to physically join their children during educational sessions, in today’s Youtube and Zoom world, parents should still be offered some information access. Lastly, Korea needs to find ways to give successful entrepreneurs some celebrity status and make them stronger positive role models. Maybe people are cynical that extremely rich and successful entrepreneurs are not very forthcoming in explaining their success. Many successful Korean entrepreneurs seem to hide from the public eye, so that their behavior cannot be monitored and scrutinized. Thus, instead of becoming celebrities, most Korean startup founders don’t usually stay on as CEO’s after tasting huge success; instead they often transition into the background as board directors or chairmen. Ultimately, there is very little opportunity to ‘cheerlead’ the successful entrepreneurs in Korean culture, as we see in American culture. Without those role models, students have one less source of inspiration. Dramatic angel-investment TV shows like the USA’s “Shark Tank” or the UK’s “Dragon’s Den” could be a good start. Young-ha Koh, head of the Korea Business Angel Association, remarks that “The most talented American students who grow up receiving entrepreneurship education dream of launching start-ups, but Koreans have no dreams of start-ups.” For almost two decades, a lot of energy, attention, and resources have gone into changing the mindsets of kids here in Korea, in terms of fostering their abilities to think about how they can be creative, to think about how they think, and to re-frame the path to success. Those are wonderful attempts at development. But if broader Korean policy and culture cannot nurture entrepreneurial capabilities after that educational programming and training is over, then much of that effort will have been wasted. The most inspired kids may feel abandoned, remember that abandonment, and take their hungry innovative mindset to another country instead. Please click here to know more about the Department of Business Management. Please click here to read the Korean version on the Maeil Business Newspaper.
2021.01.21 Hits 801
SUNY Korea made a business agreement with Uway Global SUNY Korea made a business agreement with Uway Global, the largest application platform, which provides consulting service during the university application period. From now on, students will be able to apply to SUNY Korea through the Uway application system. Below are the related articles: http://www.incheonilbo.com/news/articleView.html?idxno=1076030 http://www.kmaeil.com/news/articleView.html?idxno=261448 http://www.asiaa.co.kr/news/articleView.html?idxno=18414 https://www.anewsa.com/detail.php?number=2335224&thread=09 http://www.newsway.co.kr/news/view?tp=1&ud=2021011817044211343 http://www.enewstoday.co.kr/ If you have more questions regarding admission, please email our admission team: SBU : admission@sunykorea.ac.kr FIT : fit@sunykorea.ac.kr
2021.01.21 Hits 967
[ETNews] The Emergence of the Digital Economy President Min’s new article will be posted weekly on ETNews in the “Wonki Min’s Digital Economy” section. This week’s article is about “The Emergence of the Digital Economy,” which deals with the abruptly changing economic patterns in the era of COVID-19. Please find the link below to read the original article. 1) Click here to read the article about "The Emergence of the Digital Economy" 2) Click here to read the article about “Digital Economy and the Government’s Role” 3) Click here to read the article about "Big Data, the driving force of Digital Economy" 4) Click here to read the article about "The Success of Digital Economy depends on Talented Individuals" 5) Click here to read the article about "Justice and Innovation" 6) Click here to read the article about"The Importance of the Advancement in Digital Network" 7) Click here to read the article about “Digital Economy and Employment” 8) Click here to read the article about "The Advance of Digital China" 9) Click here to read the article about “The meaning of Postal Services in Digital Era” 10) Click here to read the article about "Companies and Digital Transformation" 11) Click here to read the article about "The Good and Bad of Social Media" 12) Click here to read the article about "Seoul, Busan and Smart Cities" 13) Click here to read the article about "Protection of Privacy Information and Digital Security" 14) Click here to read the article about "Artificial Intelligence and Our Lives" 15) Click here to read the article about “Expectations for the Newly Appointed Minister and Vice-Minister of the Ministry of Science and ICT” 16) Click here to read the article about "The meaning and importance of the EU's Artificial Intelligence Regulation Plan" 17) Click here to read the article about "Platform companies and 'winner takes all' strategy" 18) Click here to read the article about "The Future of Digital Money and Finance" 19) Click here to read the article about "The Evolution of hacking and government response" 20) Click here to read the article about "Low-orbital communications satellite and future communications" 21) Click here to read article about "Digital economy and 'stakeholder capitalism'" 22) Click here to read article about "Apple and Tesla" 23) Click here to read article about "Digital Nationalism" 24) Click here to read article about "The weight of Digital Traces" 25) Click here to read article about "Quantum Technology: Game changer of the future" 26) Click here to read article about "The Governance of Artificial Intelligence" 27) Click here to read article about "Let's make the best start-up country in the world" 28) Click here to read article about "eXtended Reality XR: The connection between the real world and the virtual world" 29) Click here to read article about "Tokyo Olympics: Sports and digital technology"
2021.01.07 Hits 755
Bill Hwang Library Naming Ceremony On February 8, SUNY Korea (President ChoonHo Kim) celebrated its new opening ceremony of Bill Hwang Library, in honor of Mr. Bill Hwang, the co-founder of Grace & Mercy Foundation and CEO of Archegos Capital Management. Mr. Bill Hwang, the CEO of Archegos Capital Management, has been supporting and donating SUNY Korea for the past few years. Furthermore, Mr. Hwang has been inviting all the SUNY Korea students, who are studying at Stony Brook home campus in NY for one year, to the office of Archegos Capital Management and gave special lectures as a mentor. Also, he donated scholarships for SUNY Korea students from developing countries to help to raise future global leaders. To acknowledge and honor his donations, partnerships, and contributions, SUNY Korea designated its library as "Bill Hwang Library." (Continued in the posted link) Source: Kyeongin Ilbo Feb 9, 2018 Link: http://www.kyeongin.com/main/view.php?key=20180208010002859
2018.03.14 Hits 2008