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- Won Silver and Bronze Prizes at the 3rd Research Challenge Hosted by Korea Investment & Securities Co.
- SKKU Students Ahram Kim (History·Economics), Hyunggeun Ryu (Global Economics), Solmin Lee (Business), Soongyu Kwon·Wonyoung Hwang (Statistics) – Won Silver and Bronze Prizes at the 3rd Research Challenge Hosted by Korea Investment & Securities Co. At the 3rd Research Challenge awards ceremony held at the Yeouido headquarters of Korea Investment & Securities Co. on July 9 (Thursday), Ahram Kim won the silver prize, Hyunggeun Ryu · Solmin Lee and Soongyu Kwon · Wonyoung Hwang won the bronze prizes. The ‘Research Challenge’ is a preliminary analyst competition for college students hosted by Korea Investment & Securities Co. The 3rd Research Challenge became a heated competition because 192 college students were applied, 27% higher than last year. The first round of 12 reports was selected through document screening and direct evaluation by senior analysts. And 5 teams (10 people) and 2 individuals who received high mark in the final presentation were selected as the final winners. Ahram Kim, who won the silver prize, wrote an investment strategy report titled "FinTech, What Changes". The team of Hyunggeun Ryu and Solmin Lee, who won the bronze prize, analyzed Studio Dragon under the title of "The Unending Silk Road," while Soonkyu Kwon and Wonyoung Hwang's team wrote a quant strategy report titled "How Does Artificial Intelligence Choose Stock". Ilmun Jeong, the CEO of Korea Investment & Securities Co. said, "Expectations are high again this year, as nine analysts who have joined the company after participating this Research Challenge over the past two years have produced remarkable accomplishments. In addition, the company plans to hold an annual competition to select talented students from Generation Z so that they can fulfill their dreams as analysts.” [Link to Related Article] https://news.mt.co.kr/mtview.php?no=2020071011231456306
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- 작성일 2020-07-20
- 조회수 2690
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- The Central Bank’s View on COVID-19
- The Central Bank’s View on COVID-19: Hold a special ON/OFF-LINE Lecture by Deputy Governor of the Bank of Korea & Department of Quantitative Applied Economics, SKKU The department of Quantitative Applied Economics, SKKU invited the deputy governor of the Bank of Korea, Gyu Il Chung to hold a special lecture on ‘COVID-19 Crisis and Policy Response by the Central Bank’ on June 27 (Sat). Il Joong Kim(Dean, College of Economics), Hee Joon Han(Dean, Department of Quantitative Applied Economics), Sung Hyun Kim(Dean, Graduate School of Economics) and quant students attended this special lecture. [Image1] College of Economics, Dean’s office, promised to donate prevention and development fund (from left to right) Sung Hyun Kim(Dean, Graduate School of Economics), Il Joong Kim(Dean, College of Economics), Gyu Il Chung(Deputy Governor of the Bank of Korea), Hee Joon Han(Dean, Department of Quantitative Applied Economics) The deputy governor discussed the COVID-19 crisis and policy response, starting with the general theory on central bank theory. It elaborated that it is necessary to properly prioritize the central bank’s two policy objectives, financial stability and price stability, depending on the characteristics of the timing of economic conditions from the Great Depression in the early 20th century to the so-called Great Inflation, Great Moderation, and Great Recession to the “Great Lockdown” caused by the COVID-19. He compared the impact on supply, demand, and private cash flow from the aspects of the COVID-19 crisis and its ripple effects on the financial/foreign exchange market and the policy responses of the Bank of Korea and the U.S. Fed to each sector. [Image2] Gyu Il Chung, the deputy governor, explaining ‘COVID-19 Crisis and Policy Response’ This event is significant because the highest authority in the related policy field gave the timely lecture based on data under the on-going COVID-19 situation. The deputy governor Chung has joined the Bank of Korea since 1987 and was an alumnus of the department of Economics, SKKU. He has received a Ph.D. from the University of California and has written a number of academic articles. He also has been active in academic research as well as in the policy sector. On that day, Gyu Il Chung gave a lot of advice and encouragement to his junior colleagues. In addition, he expressed his deep affection for his alma mater by visiting the dean’s office and promised to donate development fund as well as lecture fees. This special lecture was conducted in a large lecture room as part of College of Economics’ recent effort to build an ON/OFF-LINE simultaneous platform. Several full-time & part-time professors and graduate students of economics asked questions through WEBEX, and professors on business trips also participated to continue the discussion. Through this procedure, it has been confirmed that three-way communication between presenters(offline) and participants(online & offline) can also take place normally in the large classroom. [Image3] View of ON/OFF-LINE special lecture in the large classroom Through this special lecture, which was conducted ON/OFF-LINE simultaneously, we were able to secure high face-to-face attendance rates, questions and answers among face-to-face and non-face-to-face participants, and presenter’s freedom of physical movements over the past three months. The ‘untact’ situation due to the COVID-19 reaffirmed that it can be routine as an effective communication platform. [Image4] Gyu Il Chung, the deputy governor, conducting Q&A with ON-LINE participant
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- 작성일 2020-07-20
- 조회수 2803
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- First “Quant-people’s Night” Finished Successfully
- First “Quant-people’s Night” Finished Successfully The Department of Quant Applied Economics at the School of Economics held the first unity meeting after the establishment of the department under the name of “SKKU DQAE==The First Step Toward a Better Future” at the Plaza Hotel, Maple Hall on Saturday, May 23. It was an event that was finally achieved when the student council took lead for all preparations after the department’s first students continued to request a place of pledge and communication, that was being postponed due to the COVID-19 situation. All of the students (32 students) from Quant Applied Economics attended the meeting, in addition to the dean of the School of Economics Il-joong Kim, dean of the Department of Quant Applied Economics Hee-jun Han, and the professors who give actual lectures such as Sung-hyun Kim, Jae-jik Kim, Chang-shik Kim, Min-soo Park, Doo-yeon Cho, Joon-mo Cho, Soo-sung Hwang, and Eun-jung Heo. Also, Geun-baek Lee, dean of the Department of Statistics, and Dong-won Lee, dean of the Department of Global Economics, as well as the assistants of the Economics College and the staff of the administration office attended the meeting and encouraged them. (Chant saying “Let’s take a leap forward for a luxurious department”) The first part of the meeting was briefly conducted by Byeong-Koo Cho, chairman of the student council, in the following order: encouragement speech of the dean of School of Economics, introduction of faculty of economics, toast of the dean of Department of Quant Applied Economics, and dinner. In the second part of the event, which was prepared and conducted by the members of the student council, there was a presentation under the theme ‘Smart School Life’ that put together very useful and detailed information for studying at Myeongnyun Campus being enrolled in Sungkyunkwan University. Subsequently, the student council organized some joyful group events. (Chairman of the student council Byeong-Koo Cho leading the opening of the event) (Dean of School of Economics, Il-joong Kim giving the encouragement speech) In addition, while offering a toast to celebrate, Han Hee-jun, head of the department of Quant Applied Economics, said, “I highly appreciate the determination of the first students in the current program, as they bravely decided to enroll in the program, even if the Quant Applied Economics course had a big uncertainty, since it is the first time this new course is being attempted in Korea. When you look back on your career in the distant future, I sincerely hope that one of the best choices you have made related to your career was to participate in the 2020 DQAE course among many other decisions. I think you recently would have felt that after entering the university, it was not as easy as you expected to complete the course while working at the same time. However, I think it is a very valuable investment, so I ask you all to do your best until next summer. Of course, the professors and I will do our best for you, too.” (QAE Department chairman Hee-jun Han offering a toast for a vigorous start) On the other hand, the College of Economics exerted every effort to take preventive measures due to concerns of COVID-19 infections, by actively fulfilling social distancing in a wide space (accommodating 100 people) leaving enough space between people (5 people seated in each table that is for 10 people), disinfecting the event hall, putting on masks, providing personal vinyl gloves, etc.
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- 작성일 2020-06-05
- 조회수 3650
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- Thanks for the Alumni(Yoon Young-sun)'s Love
- The award ceremony for ‘Yoon Youngsun Scholarship’ and ‘Alumni Scholarship’ of the College of Economics was held on March 25th(WED) at the Dean's Office. ‘The Yoon Youngsun Scholarship’ which begins this year, was awarded to two outstanding new graduate students. In addition, the College of Economics Alumni Association selected eight postgraduate student awardees in the first semester of 2020 and awarded the total scholarship of twenty million won. On behalf of the Alumni Association, the alumnus Yoon Youngsun (matriculated in 1976) attended the 25th ceremony to present the scholarship. Yoon Youngsun who served as the Commissioner of the Korea Customs Service and President of the Alumni Association, shows great interests and support for the development of the College of Economics. In the past he played a leading role in fundraising about 90 million won during the period of the President of the Alumni Association, in order to enhance the status of the College of Economics and to strengthen its research capabilities. Yoon congratulated all the awardees and commented that he will keep going on supporting two excellent students by granting more scholarship of three million won every year.
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- 작성일 2020-03-25
- 조회수 3462
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- QuantEcon Workshop with Australian National Univ. (ANU) at Canberra
- Graduate students in economics, undergraduate students in global economics, Participating in the Workshop hosted by the Australian National University (ANU) QuantEcon. 4 graduate students in economics and 5 undergraduates in global economics took part in the "Economic Modeling with Python" theme at the Australian National University from February 24th to 25th to establish a global network. Prof. John Stachurski (ANU), Nobel prize-winner Prof. Thomas Sargent (NYU), and Prof. Timothy Kam of this school emphasized and taught students the importance of using Phyton language in many areas, including building models in economics. On the first day of the workshop, Prof. Thomas Sargent attended the workshop and had time to deepen the understanding of the participating students by answering questions and answers with Prof. John Stachurski. Prof. Lee Joonsang, who led the students in economics, had in-depth discussions on not only exchanges of exchange students between Prof. John Starchurski and our graduate students, but also ways to expand future opportunities for undergraduate students and to expand the scope of international cooperation with ANU-QuantEcon and SKKU through joint economic policy implementation.
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- 작성일 2020-03-12
- 조회수 3068
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- Prof. Han Heejoon selected as 2019 SKKU Fellowship Professor.
- Prof. Han Heejoon selected as 2019 SKKU Fellowship Professor. The SKKU-Fellowship system is the highest honor given to professors by our university since 2004, and is a system that gives exceptional research support and honor by selecting best professors with world-class research skills or with high accessibility in each academic field. The aim is to improve the research environment so that professors with the highest level of research ability can generate world-class research results in quality by minimizing their lecture obligations and focusing on research. The 2019 SKKU-Fellowship selected the best professors by academic field based on the quality level of the research paper (number of papers for subjects for subjects, IF sum and so on).
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- 작성일 2020-03-11
- 조회수 2960
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- Gratitude for Alumni's Endless Love
- On February 20th, Kim Jung-hoon(Chairman of SJ-Oil) prepared a place of congratulations and encouragement for 12 students who passed the state-administered exam (11 civil service exams and 1 Korea National Diplomatic Academy) at the Chinese Restaurant in Seoul Station, and presented them with high-end pens. The celebration was attended by 7 successful students, Choi Yangsoo(Matriculated in 1978, President of alumni), Kim Kiyeon(Matriculated in 1985, Chairman of the mentoring committee), and Prof. Lee Joonsang (Head of the Department of Economics). He also conveyed his valuable words to his juniors about their responsibilities as public officials and their spirit of service. Once again, the gathering became a meaningful occasion for the alumni association to feel the constant love of their juniors, which led to the further development of Alumni Mentor-program.
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- 작성일 2020-03-11
- 조회수 2909
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- Final Rehearsal carried out for the International Symposium of Global Economics in Australia
- On June 25th (Monday), final rehearsal amongst contestants was held in order to move one step ahead of the upcoming SKKU-UNSW Symposium at University of New South Wales in Kensington, Australia. Each contestant was assigned to a different team, and hence different team assignments were provided. Told that the majority of the audience will be undergraduates from other universities at the symposium, contestants already knew about what to do with their given team assignments. Overall, their team assignments leaned toward actual case studies and data without anything that was too theoretical. In their previous rehearsal, they managed to come up with a variety of analyses based upon somewhat intriguing topics. At this time, they sought to reorganize their thoughts on a meaningful result gained from the analyses. Then, they did present those ideas for their last rehearsal prior to the actual symposium. After the event came to a close, the contestants had lunch together with the Dean of Global Economics to encourage one another.
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- 작성일 2018-07-03
- 조회수 3773
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- The Internship Program for Spring Semester 2018 successfully came to a close: Regarding Samsung Investment Management
- Both Schools of Economics and Global Economics have established research program titled as “Samsung Investment Management Internship” at some point during their school years. Then, it was all hands on deck to evaluate this. At 3pm on June 1st (Friday), its final presentation and commencement took place at Samsung C&T Corporation in Seocho to appreciate students’ academic achievements in International Corporate Finance. Professor Young-Ju Nielsen was the subject’s instructor. 9 undergraduate students from both departments were divided into three teams to compete throughout the internship. With guidelines of 6 advisors, they embarked on researching on investment management in regard to its drawback and possible solution. The circle of company executives from Samsung Investment Management, including its research center manager, participated, but the students came up with more reasonable results through their back tests according to marketing strategies provided. They were also able to specify a severance package based upon the investment model as this model can stabilize payment methods out of immunization and non-immunized asset. They managed to debrief with the event participants about how a PFMS-based cash management can work to increase mindshare of consumers in the market. In this commencement, Professor Min-Seong Kim, Dean of Economics, and Professor Young-Ju Nielson, academic advisor, came to congratulate on their academic accomplishments along with their sincere words of encouragement.
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- 작성일 2018-06-28
- 조회수 3777
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- The President of UNISINOS, Brazil Visited SKKU on May 30th
- A delegation from Universidade do Vale do Rio dos Sinos (UNISINOS) in Brazil visited SKKU on May 30th (Wednesday) in order to discuss mutual cooperation between the two universities. At the meeting, future plans for UNISINOS’s new campus, Porto Alegre and possible exchange activities were discussed. In particular, research and faculty exchange activities are expected to develop further through the 7th Brazil – Korea Forum that will be held in August 22nd to 24th at UNISINOS’s Sao Leopoldo Campus. Unisinos is Brazilian private Jesuit university founded in 1969. Its main campus is located inSouthern Brazil. Unisinos has a strategic orientation in Science, Technology, and Innovation with a global dimension. Unisinos' campus has a technological park, TECNOSINOS, which consists of 75 companies from 10 different countries, including the South Korean HT Micron and the German SAP Labs Latin America. Together, these companies are responsible for 6,000 direct job positions.
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- 작성일 2018-06-15
- 조회수 3804