Stony Brook University SUNY Korea

How can forthcoming changes in Korean educational policy serve a meaningful worklife? Written by two authors: Chihmao Hsieh, Associate Professor of Entrepreneurship, SUNY Korea Karl Wennberg, Professor of Education and Entrepreneurship, Stockholm School of Economics   Education has been a focus in policy-making recently, as experts have called for a shift in the educational system amid forthcoming demographic changes and the “fourth industrial revolution”.  This past summer, the Education Committee of Korea’s National Assembly approved a bill to install a new body tentatively called the ‘National Education Commission’ (국가교육위원회).  The commission, scheduled to be launched next year, would be responsible for taking the lead in establishing a non-partisan long-term educational policy, while the Ministry of Education would carry out the policy’s goals and make any short-term administrative adjustments.   Although education in Korea is culturally tied to anticipated job security and life satisfaction, this renewed focus on Korean education comes at a time when job satisfaction in Korea remains dubious.  Between July-October 2020, the JoongAng Ilbo and Teamblind interviewed roughly 72,109 office workers from 9,371 local companies about their work, asking them about their welfare benefits, relationships with colleagues, trust among team members, and work autonomy.  Seven out of ten workers in Korea suffered burnout over the preceding one-year period.  While it is unsurprising that Korea still has one of the lowest worker productivities among the G20 countries, the data revealed that the two most important factors directly linked to the level of job satisfaction were the meaningfulness of work and the quality of relationships with bosses.   We believe that any major educational reform should be designed this time for the long-run purpose of fostering job satisfaction.  Ideally the government panel mentioned above will include businesspeople who respect education, alongside educators that respect organizational ‘best practices’ and the economy.  Yet we still envision some tactics for educational reform that can support future job satisfaction in Korea. In order to develop a workforce that is more innovative and passionate for re-learning throughout working life, more effort should be put into combining critical thinking with transdisciplinary education.  Such a prescription opens the door for unstructured problem-solving, and unfortunately, that’s when student performance assessment starts to become prohibitively subjective by Korean standards.  One possible solution is to enlist high-tech companies with their expertise in Big Data and AI to help with assessment.  For years, the ‘EdTech’ industry has worked on digital tools that assess knowledge, and these systems are not easy for students to ‘game’ and cheat on.  Most importantly, these high-tech companies and educational providers must convince students’ parents that their assessment systems are legitimate.   Even today, the meaningfulness of learning via concept acquisition is still emphasized less than rote memorization and standardized test taking.  There could be more interaction between EdTech companies and parts of the educational system, designed to address students’ and parents’ potential concern. For example, some of our Swedish university students created a startup called ‘Sqore’ which was briefly the largest in the world for holding student talent competitions, later pivoting into an assessment/student selection service for graduate school programs and companies. Those organizations contracted with Sqore because they saw problem-solving competitions as a good way not only to assess “soft” skills like creativity and interdisciplinarity, but also as a way to market their company in recruiting the most talented students.   Korea’s conglomerates could be enlisted to create more problem-solving competitions where winners are awarded with month-long or summer internships. Many large US-based companies as well as NASA have successfully used such ‘innovation competitions’ to attract talented and interested new employees. Such initiatives would send strong messages to both students and parents alike that grades should not be the sole obsession, and that the business world cares about critical and innovative thinking at all decision-making levels. Ideally, such competitions should focus less on narrowly specifying ‘ideal solutions’ or deliverables involving intellectual property, and more about assessing complementary measures of ability (e.g. creativity, interdisciplinary thinking, and communication skills).    Lastly, students should be exposed to greater amounts of teamwork at all levels of Korean education, instead of excessive competition and rivalry. Transdisciplinary education ideally should involve combining instructors and students from multiple disciplines into a single classroom environment, and forming teams. Students are then exposed to teamwork environments which include unfamiliar situations, requiring them to develop curiosity.  They would also learn about trust and trustworthiness, which are important for effective collaboration and team innovativeness. Of course, team-teaching is risky in Korean education if the instructors end up antagonizing each other’s authority in front of students during class. Teachers should instead take the opportunity to enhance their own learning and building interpersonal trust when interacting with each other. It is here where an instructor’s humility can be promoted to impress students.   Certainly, there is no single ‘silver bullet’ for simultaneously improving student outcomes and job satisfaction in Korea.  But we see these two as correlated objectives.  Improving the educational system to allow for reputable AI-driven assessment solutions; showing parents and students that businesses care about critical thinking skill over test scores; and introducing transdisciplinary teamwork to students, can all naturally lead to a more meaningful, entrepreneurial, dynamic, and exciting career development experiences. Perhaps these three tactics could even be combined synergistically; for example, Korean EdTech companies could host transdisciplinary problem-solving team competitions. Overall, shouldn’t the focus be less about educational and training policy, and more about a broader learning policy?   Read More    

Anonymity  Written by Gerald Stokes There are even more complicated times ahead.           In this ever-expanding age of the internet in which it has become a necessity of life, there is a growing concern about the extent to which individuals’ privacy may be violated. There are certainly many ways privacy can be compromised. As I looked at the range of issues concerning privacy and privacy protection, it led me down a path to the consideration of anonymity in cyberspace. This is becoming another important issue in our highly connected world.       When we think of privacy, probably the most intense invasion of privacy is identity theft. This is a burglary of the most personal kind. People that have experienced feel violated and it takes considerable time and effort to recover. It happens in many ways and in varying degrees. It can range from taking over your identity and stealing your money, to assuming your work identity to steal from your employer. While the users of the internet may bear some responsibility for the theft of their personal data, leaks of personal information held by a third party are increasingly common. This may lead to individual identity theft or any number of other questionable activities. In most of the world, identity theft and the stealing of personal data are crimes – as they should be.       On the other hand, data mining by internet service providers is considered a legitimate business purpose. Providers, like Google, track our use of their browsers, email, news services, and other apps they may provide. They track not only our usage, but the content of that usage. They examine it and sell the results of their examination to advertisers or use it themselves. While these providers may end up knowing more about us than anyone who has stolen our identity, it is considered a fair trade for the free usage of their services. This data collection is largely information about us. Who we are specifically is less important than our attributes, our gender, our age, what our interests are, how much money we make, where we live and other demographic data. These attributes are connected to an “address” – a place to find us on the internet with ads, offers, or political promotions.       Individuals have evolved strategies to deal with this targeting. One is to use the time-honored tradition of choosing your “username”. Some of us prefer to make these usernames similar to our real name, while others choose more exotic aliases or “handles”. Some people will use different identities for different purposes – social media, email, online shopping – thereby compartmentalizing their identity.  Many people go beyond this approach and create elaborate sets of identities for their various social media accounts. These are rapidly evolving to graphical representations or avatars. These are what I would call a weak protection of “who I am”. A more complete protection of protecting “who I am” is to become anonymous. This comes in several layers. In literary circles authors sometimes have a “nom de plume”. The American author Samuel Clemens wrote as “Mark Twain”. Authors true identities may or may not be known. For example, here in Korea, who is, or who are, Djuna?       Increasingly, we see individuals, particularly in social media commentary simply becoming their alias, remaining anonymous. Anonymity is an extreme form of privacy. A person’s true identity remains private while their alias becomes a social commentor, a political gadfly, or a cultural critic. Most democracies protect people’s ability to speak – commonly called freedom of speech.  Generally, freedom of speech is a protection against the actions of the government targeting what we say. However, as we well know, freedom of speech does not protect individuals from “prosecution by the public” on social media. Protection of ones’ private self from this onslaught by using an alias, and remaining anonymous, seems certainly prudent in some cases. On the other hand, the same kind of anonymity can equally protect a bully or a purveyor of false news. Hiding behind their internet identity, individuals feel emboldened to act, believing that they will not be held accountable. This is complicated when one realizes that not all “identities” on the internet are human. The development of bots, artificial users of the internet is becoming commonplace. These can be very simple programs or more sophisticated AI based systems. They are used to amplify and spread messages. These bots never rest and have been used to influence political campaigns and spread false information about individuals, technologies like vaccines or other matters of public interest.       Facebook and other service providers are trying to understand their responsibility for these uses of their platforms. Increasingly around the world governments wonder what, if any regulation might be required. Other governments, or parts of governments, wonder how the same tools might be used to advance their national agenda – either by controlling content within their borders or launching cyber based campaigns in, even against other countries.       As a student of the relationship between technology and society, I have frequently shared ideas in this column that might address the issues I raise. I have suggested another “law” of robotics that requires more responsible human actions and the use of blockchain to ensure data fidelity in the face of fake news. I have no answer for the privacy and anonymity conundrum. A perfectly reasonable desire to protect “who I am” uses anonymity, but that same anonymity can be used as a cover for individuals who approach the world with malicious intent.   Some aspects of privacy concerns are being addressed. Two factor authentication is helping protect against some forms of identity theft. Similarly, there cases where individuals involved in election tampering have been charged with a crime. However, actions are few and the problem is growing.         More complicated times are indeed ahead …        Click here to read the original article     

“The future of a global economy depends on technological innovation and the people who lead it.”   SUNY Korea Professor Lee Jin Sang voiced his opinion that the development of technological innovation should be accelerated in this era of great transformation around the world. He was speaking at the '13th Good Growth Global Forum (2021 GGGF)', held at the international conference hall of the Chamber of Commerce and Industry in Junggu on September 9th.   He emphasized that “The future direction of the global economy will depend on this field. In order to lead technological innovation in the relevant field, it is necessary to invest in R&D and secure human resources.”

Can a Focus on Empathy and Trust Guide Our Taste in Choosing the Right Problems to Solve?   Written by Chihmao Hsieh    In his inauguration speech earlier this year, Lee Kwang-hyung, the new president of KAIST, remarked “KAIST는 앞으로 인류가 당면한 문제를 찾아 정의하고 해결하는 것에 중점을 둬야 한다”.  This is a fundamental issue in entrepreneurship: the opportunities that we find depend on how we search for solutions to a problem, but also how we formulate problems in the first place. For example, we all know that it’s not easy to park a car in Seoul.  If we formulate the problem as a lack of parking spaces, then maybe we should build more parking garages. However, if the problem is that there are too many idle cars, then we should better optimize public transportation, ride sharing, or the taxi system. Or maybe we decide that cars are currently too big, and smaller cars will be easier to navigate in tight spaces.  These three different problem formulations all lead to very different technological directions.  Indeed, our taste in the problems that we identify today affects the decisions and socio-technological environment that we have tomorrow.   These days, society is addressing various problems with the aid of rapidly advancing artificial intelligence and robotics.  Recent innovations certainly save money.  Coffee barista robots don’t get tired.  Digital news anchors don’t need health insurance. And self-driving trucks don’t ask for pensions. While jobs are at risk of being lost, new jobs will be created.  In the near term, for example, we still need people to maintain the robots that make the coffee or fix the trucks that deliver our packages. Technological advances are fundamentally entangled with the changing human tasks and jobs on this planet.   Set aside the idea of universal basic income, for now.  We face three issues: which problems to solve, what technologies to develop, and how to identify and design the tasks and jobs eventually performed by humans.  There is no magic equation that explains how this all actually unfolds.  Often, even, new scientific technologies emerge so quickly that they arrive before we know what problems they should solve.  With increasingly advanced AI, where applications are so broad and dramatic, we should stop to think:  How do we formulate and choose which problems to solve?   One diagnosis would require us to work backwards: ask ourselves how we want future society and work culture to reflect core values of humanity, and then use that vision to help constrain and guide the kinds of technologies we develop and the kinds of problems that we address.   Recent research on service industries suggests that AI will tend to first replace mechanically-oriented jobs, then analysis-oriented jobs, then intuition-oriented jobs, and finally empathy-oriented jobs, in that order.  Opinions differ regarding the overall timeline.  However, building and refining a stronger culture for empathy now will help preserve a basis of humanity at work and in society, protecting ourselves from the most damaging economics of AI.  Human empathy is not particularly scalable, but maybe we also should not be trying to make it scalable. should not be scalable.  Marketing staff, news reporters, nurses, teachers and countless other occupations today can make valuable use of human empathy, and we should support that kind of sociocultural direction. On a broad scale, more products and services can be created to enable people to exhibit, share, and promote empathy, at work and at home. In the future, hopefully still more different kinds of empathy-oriented jobs can emerge.   Besides empathy, we should also consider the importance of preserving the importance of trust in interactions between humans.  This issue hasn’t been addressed much; instead, most scholars and policymakers today are worried about how we humans could best learn to trust AI.  But there’s an important conceptual distinction between how humans trust AI and how they trust other humans.  On one hand, trust between humans requires an element of vulnerability to others’ self-interest: if a father promises his child that he will drive her to an evening hagwon exam, she trusts him that he won’t get drunk while partying with co-workers, then arriving late to pick her up.  On the other hand, machines and robots have no self-interest; we merely trust them to function reliably and make fewer errors than us.  As our interactions become increasingly mediated by computerized technology and AI, we position ourselves to learn to “trust” and “forgive” computers and robots more than we maintain our ability and capacity to trust and forgive each other.  As a civilized society, shouldn’t we be developing technology and policy that ultimately helps humans trust and empathize with each other more, not less?   Recent developments offer potential case studies.  Aria, for example, represents AI by SK Telecom that has been shown to empathetically stimulate senior citizens’ cognition and delay onset of dementia, while also doubling their daily travel distances.  But does the AI-based replication of the late Kim Kwang-Seok’s voice and singing help to foster empathy or fulfill egos?  Are recently developed AI-based ‘digital girlfriends’ more likely to support or cheapen cultural norms of human trust and empathy?  While it’s true that business ventures should often be excused for generating ‘negative externalities’ (부정적인 외부효과), we should be actively avoiding those negative externalities that fundamentally discount any core value of humanity.   Formulating the right problems, developing supportive technological solutions, and fostering meaningful jobs should be simultaneous considerations that will require business and government to have good taste.  But good taste in the value of human empathy and trust is not straightforward.  For example, empathy should not completely stifle competitive spirit, and sometimes trust between business partners should not cut off valuable exploration of the business environment.  As countries—including South Korea—race to become world leaders in commercializing AI-based technology, they should all respect the responsibility of choosing what entrepreneurial directions we take.  Overall, having good taste in humanity is simply becoming more valuable than ever.  Hopefully AI won’t become an expert in that too.      Click here to read the article

“It Was Almost Like a Press Conference” … SUNY Korea Admission Briefing Session Attracted Many Prospective Students and Their Parents Despite the COVID19 Situation The SUNY Korea Admission Briefing Session for the Fall 2021 and Spring 2022 semester entry was held at Shilla Stay Samsung in Seoul on the 24th. Students and parents who attended the briefing session showed high interest in—and continued to ask questions even after the event—on the merits of each major and career path after graduation, rather than inquiring about the university itself. The briefing session was held in English and Korean respectively in the morning and afternoon, with around 10 participants in the morning and 70 participants in the afternoon. Although the number of participants per session was limited to 50 people due to the COVID19 pandemic, the afternoon session was so eagerly anticipated that more than 20 people attended additionally without prior registration. The briefing session was conducted in accordance with the government’s COVID19 prevention rules. As for the reasons for developing their interest in SUNY Korea, students and parents mentioned the advantage of receiving a foreign university degree without studying abroad and the opportunity of rapid improvement in English language proficiency. "While planning for the admission of universities in the US, I got to learn about SUNY Korea and prepared for its admission at the same time. I was attracted to the fact that I can improve my English skills with 100% English lectures as the university provides the same curriculum as in the US while staying in Korea. I think it is also a benefit that I get to meet foreign friends and learn different languages from various countries," said Kim Min-Ji, a senior student at a local high school. Jeong Hyo-Jung, a parent who came with Kim Min-Ji, said, "My daughter wanted to study in a foreign country, so we sent her abroad last year. However, she had to come back earlier because of the COVID19 pandemic, and the situation has not gotten any better for her to leave the country again. Thus, we considered an option of applying for SUNY Korea." Among the participants, there were several transfer students as well. Yang Hyun-Sik, a graduate of a 2-year college, said, "I realized that having a degree from a four-year university is necessary to have a competency in a job market, and transferring to a domestic university was already a red ocean for me," adding, "My brother is currently studying in the State University of New York, and I was always jealous about his English ability. I am interested in SUNY Korea because I wish to improve my English skills along with having an opportunity to study at the Stony Brook New York campus for a year. Kim Kyu-Seok, the team leader of the admissions team at SUNY Korea, said, "The change in students’ perception about university admission due to the evolving atmospheres in education, such as a decrease in the number of school-age populations, and the emergence of various higher education alternatives, was evident throughout the session. As students’ awareness about SUNY Korea has been enhanced, I received many constructive questions about its programs rather than simple questions about the university itself. It was as if I was at a press conference. The briefing session was substantial because students brought questions which reflect their individual circumstances." At the briefing session, not only were the university and its seven different majors introduced, but also an analysis of admission trends and admitted student portfolios was conducted. In particular, the session provided detailed explanations of the admission process that is not included in the number of times that one can apply to domestic universities during early and regular admission. Also, an analysis of admitted students’ high school GPA and tips for acceptance was given. Shin Hye-Mi, the assistant manager of the admissions team, noted that, "Even if students are not confident with their high school GPA, they can submit other supplementary documents such as SAT scores, essays, awards, and certifications. The genuine interest in the major and thorough preparation for admission are the basis of successful applications. The admission process is based on 100% document screening, but some students can be invited to an interview and this can be an opportunity for them to make a good impression.” Meanwhile, Stony Brook University (SBU) of SUNY Korea is recruiting 260 students this year. The Fall 2021 admission deadline for early applications is April 30th, and for regular applications is July 16th. The required application documents include an English high school transcript, English cover letter, English or Korean recommendation letter, and official English proficiency test scores (TOEFL iBT 80 or higher/ IELTS Academic 6.5 or higher/ New SAT ERW 480 or higher/ ACT English 19 or higher/ Duolingo English Test 105 or higher). SUNY Korea FIT (Fashion Institute of Technology) is recruiting 105 students this year. The deadline for regular applications is April 30th. The required application documents include an English high school transcript, English cover letter, and official English proficiency test scores (TOEFL iBT 80 or higher/ IELTS Academic 6.5 or higher/ PTE 53 or higher/ Duolingo English Test 105 or higher). Note that the English proficiency test score requirement for FIT is different from that of SBU. For more information, students can visit SUNY Korea's official website. Additionally, the second admission briefing session will be held on June 5th.       Click here to read the original article

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 

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         

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      

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.

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      

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"

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