Cheung Kong Graduate School of Business (CKGSB) and Yonsei University School of Business (YSB) signed a Memorandum of Understanding on July 19, 2022, with the aim to develop next-generation disruptors whose innovations are both economically sustainable and socially desirable, and to better integrate Korea and China for a greater market for future leaders to leverage.
The MoU allows the two leading business schools to establish a partnership for academic exchanges and collaboration in educational programs. The two institutions will foster student and academic exchanges, joint research activities, international educational programs, and shared office space for faculty and staff.
In addition, CKGSB and YSB reached a consensus on the implementation of a joint MBA program, where the two schools aim to develop future business leaders, next-generation disruptors who care about social justice and professionals seeking to expand their global horizon though Asian insights. This unique program allows students to earn two degrees from CKGSB and YSB, since the two schools will mutually recognize credits in the compulsory and elective courses offered. Focusing on cutting-edge topics, such as the global ecosystem of technology disruptions, social innovation and cross-sector collaborations, action learning and mentoring opportunities, the program aims to offer students the skills, knowledge and platform they need to broaden their opportunities in a far larger market.
CKGSB Founding Dean and Professor of China Business and Globalization Xiang Bing met the Dean and Professor of Yonsei Business School Jiman Lee in Seoul, South Korea, on July 19 to honor this special commitment. “The importance of the RCEP region is growing and, in this regard, our partnership is very meaningful,” said Dean Xiang. He also expressed his wish to expand on joint programs in the future to cultivate startups into unicorn companies and foster the digital transformation of traditional companies. Echoing Dean Xiang’s sentiment, YSB Business School Dean Jiman Lee expressed his desire for this collaboration to also grow from MBA student exchanges to EMBA students, with modules and study trips to China and South Korea, faculty exchanges and the sharing of offices across the two schools’ facilities.
The partnership announcement comes at a very opportune and meaningful moment in history, since this year marks the 30th anniversary of diplomatic relations between China and South Korea, and the first time that China and South Korea enter into a regional trade agreement—RCEP—reinvigorating multilateralism and growth opportunities. CKGSB and YSB seek to further foster China-Korea economic and corporate relations against this backdrop.
Yonsei School of Business was established in 1915 by Missionary Horace Grant Underwood as the first modern institution of higher education in Korea to teach commerce and business management. Since then, over 44,000 students have graduated from YSB, following in the footsteps of the pioneers who built the school by taking the initiative to lead Korea during its era of modernization and industrialization as well as its democratization. Moreover, they have put Korea on the map by taking an active role not only domestically, but also globally. With more than 100 years of history, YSB now seeks to develop business management to tackle the problems faced by humankind and produce graduates with the knowledge, discipline, and leadership required to lead and create innovations that can change human life.
CKGSB is China’s first privately-funded and research-driven business school established in Beijing in November 2002. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion. Today, CKGSB stands apart for its full-time, world-class faculty, research excellence, China insights and unparalleled alumni network. More than half of its 40 strong faculty members previously held tenure or senior professorships at top business schools, such as MIT, Wharton, and Yale. CKGSB is also the preferred choice for management education among China’s established business leaders and a new generation of disruptors. More than half of its 18,000 alumni are at the CEO or Chairman level and, collectively, they lead one fifth of China’s 100 most valuable brands.
Xiang Bing (left), CKGSB Founding Dean and Professor of China Business and Globalization, and Jiman Lee (right), Dean and Professor of Yonsei Business School, signing the MoU on July 19, 2022 in Seoul, South Korea.