Debt Strikes Back...The Economy Is Running Out of Options As South Korea’s total debt has, for the first time, exceeded 6,500 trillion won, the government has formalized a 25 trillion won supplementary budget framed as a “wartime” measure. While intended to address immediate livelihood challenges, debt has long since become a heavy burden. At its core, debt is a transaction across time—bringing future consumption and investment into the present. However, as this pa
Professor Jongseong Brad Choi of Mechanical Engineering at SUNY Korea has secured four competitive government research grants for 2026, with a combined award of approximately 1.31 billion KRW (~1.09 million USD). The selected projects are supported by the Institute of Information & Communications Technology Planning & Evaluation (IITP), Ministry of Trade Industry and Resources (MOTIR), and the Ministry of Science and ICT (MSIT), with project durations ranging from 2 to 4.5 years. The
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 perfo
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