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April 01, 2008

On the Road: Korea

Glenn Hubbard
Dean and Russell L. Carson Professor of Finance and Economics
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Before leaving for Seoul, I had breakfast in Tokyo with Dong Bin Shin ’81, executive vice chairman of the Lotte Group, and a true expert on pan-Asian business — the Lotte Group is the fifth-largest conglomerate in Korea with major operations across Asia.

Seoul was a wonderful opportunity to enrich connections with alumni there. I found them pleased with the pro-business agenda of newly elected President Myung-bak Lee, and with the prospect of his planned visit to New York and Washington in mid April, which will include a meeting with President Bush.

Later I held two interviews that included queries on CBS’s MBA program, which is very well regarded in Korea. The School’s Social Enterprise activities were of particular interest to the journalists.

I rounded out a very busy day with a wonderful dinner hosted by Chull-Young Lee ’73, chairman and CEO of Ark Investments Advisors, Inc. Conversation revolved around the School as well as national and international current events: U.S. economy and credit crisis; implications for Korea and other Asian economies; and the U.S. presidential campaign.

I also shared with the group an update on the Social Enterprise Program at Columbia, and the planned replication of such a program at Korean business schools. Right now, through a grant from Chull-Young Lee, Woo Taik Kim ’72 and Soo-Kil Oh ’72, CBS is hosting Visiting Professor Hun Jun Park, a management professor from Yonsei University in Seoul as part of this initiative, which will also include a social enterprise conference in Korea next year.

Comments

by David Mondrus | April 01, 2008 at 1:00 PM

Dean Hubbard, where else are you travelling in Asia? I'm currently staying in the Philippines and would love to catch up with you even if for a few brief minutes. Is there a way to get your itinerary? David

by R. Glenn Hubbard | April 02, 2008 at 11:32 AM

Hello, David: I won't make it to the Philippines this time: I had a terrific visit to Manila in January, during which I met with Board of Overseers members Wash SyCip and Ambassador Alfonso Yuchengco, among others. After Korea I went to Hong Kong for a day and now am back in New York. Thanks for keeping in touch, and I hope to see you at an alumni event soon.

by David Mondrus | April 02, 2008 at 1:02 PM

Perhaps at the Pan Asian Reunion in Hong Kong in October. While I haven't made up my mind 100% yet, at this moment it looks like my relocation to Asia might be long term. Cheers! David

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