Lack of Talent Innovation Threatens National Competitiveness — Urgent Shift Needed in University Education Policy
A new government has been inaugurated. While promoting unity remains important, the public's foremost concerns lie in restoring livelihoods and ensuring economic stability. Beyond short-term stimulus measures, there is an urgent need to strengthen South Korea’s long-term, sustainable national competitiveness.
Achieving this level of competitiveness requires bold structural reforms, particularly in education and governance. Although South Korea excels in corporate agility and public adaptability, its progress is undermined by low government efficiency and excessive regulations. In contrast to top-ranked countries like Singapore and the U.S.—where universities serve as powerful engines of innovation—Korean universities remain tightly controlled, with limited autonomy over tuition, admissions, and institutional growth. To thrive in a rapidly evolving global landscape, the government must recognize universities as vital partners in innovation and talent development.
Click here to read the full article.
IFRS 18 to Be Introduced Next Year… Scope of Operating Profit to Expand Operating profit refers to the profit generated from a company’s core business activities. It is calculated by subtracting the cost of goods sold and operating expenses (such as selling and administrative expenses) from total revenue. Items such as interest expenses, taxes, and one-time gains or losses are excluded. Operating profit is considered important because it reflects core business
The AI Industry–Academia Collaboration & Curriculum Integration Symposium was held on Friday, February 13, 2026, at the Songdo Central Park Hotel. The event was co-hosted by SUNY Korea and the Inha University Office of Industry–Academic Cooperation, with support from the Incheon Metropolitan Government’s I-RISE program. The event brought together faculty members and industry professionals to explore collaborative strategies for advancing AI education and wo
Business Management Professor Younggeun Lee of the State University of New York, Korea delivered a keynote address on December 9, 2025, in Phuket, Thailand, at the U.S. Department of State–hosted Entrepreneurship in the Age of AI forum. The event convened 50 delegates from 16 countries, including government officials, NGO executives, AI startup founders, and academic experts, to discuss how artificial intelligence is reshaping entrepreneurial ecosystems worldwide. In his keynot
Expanding Internal Accounting Controls Could Be Key to Ending Korea’s Embezzlement Crisis Despite stronger audit regulations and major investments, fraud and embezzlement continue to impose heavy financial and reputational damage on Korean companies. Internal accounting controls were created to ensure that financial reporting processes are trustworthy, but effectiveness remains limited when the system is treated as an accounting task instead of a responsibility shared across al
Two FIT professors, Professor Hyemin Kang of the Fashion Design Department and Professor Linda Kim of the Fashion Business Management Department, are currently participating in the 2025 International Fashion Art Invitational Exhibition, an event that celebrates the 60th anniversary of diplomatic normalization between Korea and Japan. This year’s exhibition is presented under the theme “Resonance of K-Fashion: From Tradition to Innovation,” highlighting the rich cultura