Cheung Kong Graduate School of Business (CKGSB), one of China’s leading business schools, hosted a special conference at the Shilla Hotel in Seoul on August 27 to celebrate the inauguration of its alumni association in South Korea. The event was attended by over 100 notable alumni at home and abroad, and CKGSB’s Founding Dean Xiang Bing and President of Incheon National University Cho Dong-Sung presented extensive insights in a forum titled ‘The New Global Order: The Role of Confucian Economic Bloc.’
Established in Beijing in November 2002 with support from the Li Ka Shing Foundation, CKGSB is China’s first faculty-governed and independent business school. CKGSB has seen over 100 students from South Korea graduate from its various programs including the Korean EMBA, the English MBA and the joint DELA programs. CKGSB also stands apart for its unmatched alumni network with more than 10,000 members and the network of the world’s leading scholars. More than half of the alumni, including Alibaba’s Jack Ma, currently serve in leadership roles, and they lead one fifth of China’s 100 most valuable brands.
During the conference, Moon Kook-Hyun, CEO of Hansoll Textile and President of the New Paradigm Institute, was appointed as the first Chairman of the CKGSB Alumni Association Korea Chapter. He expressed high expectations of the alumni association, which aims to bring alumni closer together through the school’s unparalleled network.
“CKGSB has trained students to be business leaders with a global vision, humanism, social responsibilities and an innovative mindset. Building on the lessons, the CKGSB Alumni Association Korea Chapter will develop itself into a network of business leaders who take social responsibilities for their businesses,” said Moon. “Anyone who wishes to learn about China in detail and get an extensive perspective on the country should head to a place where he can get the best insights on China. Also, Chinese business leaders need a community where they can facilitate cooperation with notable business leaders in Korea. CKGSB’s Alumni Association South Korea Chapter is the perfect place for them.”
Furthermore, the forum – ‘The New Global Order: The Role of Confucian Economic Bloc’ – drew attention from the audience, especially given the latest global news. CKGSB Dean Xiang Bing and President of Incheon National University Cho Dong-Sung delivered presentations on ‘China-US Trade Tension and Its Global Implications’ and ‘Political Disruptions among 6 Countries in Northeast Asia as an Opportunity: China-Korea’s DPFA Strategies’, respectively. Particularly, Dean Xiang Bing explained the concept of the Confucian economic bloc, a group of countries sharing the Confucian cultures, such as Korea, China and Japan, and emphasized the necessity for a joint effort to develop Confucian economics and business activities between these countries.
After the ceremony, alumni networked with fellow business leaders from the over 100 event participants. Ohjin Kwon, CEO of Hankang Ginseng Co.,Ltd., alumni of the 17th EMBA program who attended the event said, “I am pleased to witness the founding of an official community where one can meet business leaders and alumni from various sectors. I hope that the association will achieve its goal of facilitating the networking of alumni.”
As one of China’s largest trading partners in Asia, it is extremely pertinent for South Korean business leaders to understand the ever-changing China market. CKGSB has long served the Korean business community by delivering targeted business education with the latest insights and knowledge from some of the most respected experts. Since 2013, CKGSB, along with South Korea’s prominent daily, Dong-A Ilbo, have been cohosting DELA (Dong-A Economy Leader’s Academy), South Korea’s leading economic leadership education program.
In 2015, CKGSB launched the ‘CKGSB EMBA on China Business: A program for Korean Leaders (referred to as CKGSB-aSSIST China EMBA program)’ to teach Korean business executives the knowledge they need to expand into the China market. The program highlights ways to facilitate cooperation with Chinese partners and create business opportunities based on knowledge of Chinese business management, market trends, business strategies, consumer insights and Confucian leadership principles. Alumni of the program include some of South Korea’s most prominent business leaders, such as Kim Sang-hun, Management Advisor at Naver; Shin Young-su, CEO, Dongwon Home Food; and Kim Han-kyun, CEO of Korean cosmetics brand Costory. The CKGSB-aSSIST China EMBA program is jointly taught by CKGSB and Seoul Business School, aSSIST (referred to as aSSIST), which is recruiting now for its second cohort, commencing in October this year.