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Study on <Audit Quality Improvement Effects by Implementing Regular Designated Auditing Systems> Focusing on research results when implementing the ‘Regular Designated Auditing System’ [February 16, 2021] <YU Department of Accounting and Taxation Professor Jung Gi-wi (right) and Dr. Lee Minwoo (left) who won the ‘Best Poster Award’ from the Korean Institute of Certified Public Accountants for their research on accounting taxation and auditing> YU Department of Accounting and Taxation Professor Jung Gi-wi (40) and Dr. Lee Min-woo (35) received the ‘best poster award’ from the Korean Institute of Certified Public Accountants. The Korean Institute of Certified Public Accountants selected three outstanding papers among those published in 2020 in the academic journal it publishes, <A Study on Accounting, Tax and Audits> in 2020. The study <Audit Quality Improvement Effects by Implementing Regular Designated Auditing Systems> (carried in volume 61 issue 4) published with YU Professor Jung Gi-wi and Dr. Lee Min-woo as co-authors received the grand prize. The Korean Institute of Certified Public Accountants was established in 1954 and it is Korea’s top organization specializing in accounting and taxes in charge of enacting accounting audit standards and certified public accountant ethical standards, training for CPAs, and inspection of audit reports. The awarded papers is a study that verified the feasibility on ‘regular designated auditing system’ that limits continued audit periods by the same auditor (accounting firm) of companies to six years. The ‘regular designated auditing system’ prescribes companies that autonomously appointed auditors for six years to receive audits from a designated auditor for the next three years to prevent collusion between the company being audited and auditor, while also enhancing reliability of the financial statement. And this was introduced in 2020 to revise laws. Dr. Lee Min-woo said, “Through this study, we confirmed that there were significant changes in auditing quality for six-year continued audit periods,” and added, “It can be expected to have real effects in terms of preventing collusive relations between auditors and companies through the ‘regular designated auditing system’ that limits the continued audit period to six years.” Professor Jung Gi-wi stated, “At this current juncture before implementing the ‘regular designated auditing system’ our research results are receiving attention,” while adding, “the results of this study can be referred to for financial authorities that revise and supplement accounting regulations and laws related to accounting firms that directly apply the ‘regular designated auditing system’ in actual work.
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YU Department of Sociology class of ‘84 alumnus and current entrepreneur donates development funds to alma mater Continuously made donations for the development of the alma mater... Donated a total of 130 million KRW as of current To be used to improve welfare for employees such as employee motivation programs and awards for excellent employees [February 8, 2021] <SR CEO Kim Yong-beom donated 100 million KRW as development funds to his alma mater, YU> (From fourth on left: YU President Choi Oe-chool, Mrs. Park Geun-young (wife of CEO Kim Yong-beom), CEO Kim Yong-beom) SR CEO Kim Yong-beom (54) donated 100 million KRW as development funds to YU. At 2 p.m. on the 8th, Mr. Kim visited YU and met with YU President Choi Oe- chool stating his intent to donate 100 million KRW hoping to contribute to the development of his alma mater. Mr. Kim was from the YU Department of Sociology class of ‘84 and completed the Graduate School of Public Administration CEO Chief Policy Leader Course (10th class). Mr. Kim has always been affectionate for his alma mater and continuously donated to development funds. In 2018, he donated 20 million KRW asking to use it in the international exchange activities of YU, for a total donation of 130 million KRW in development funds. Mr. Kim said, “It has been a long time since I graduated, but I still love my school. I really wanted to show my support for the college faculty who are working hard despite the difficult conditions caused by the spread of COVID-19. I hope that I can contribute to the development of the university more in the future as well.” In response, YU President Choi Oe-chool said, “Thank you for coming back to your alma mater despite graduating decades ago. I am especially thankful for the donation to the development fund that will be used for our employees, who are a great pillar for the development of the university.” He added, “The support shown from senior alumni will instill great courage in our university’s members. Please continue to show your unwavering interest and love in the future. I will also lead the university at the best of my ability to live up to your expectations.” YU Labor Union chair Kwon Ki-young, who was also in attendance at the donation ceremony, said, “I understand that this is the first development fund donation for employees. I would like to thank you on behalf of the employees.” He added, “I believe that the interest and affection of senior alumni will help motivate employees greatly.” Meanwhile, YU plans to utilize the development funds donated by Mr. Kim for improving employee welfare such as employee communication and motivation programs, awarding outstanding employees, etc.
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Contributions to innovating education through the development of engineering education [January 27, 2021] Honorary Professor Song Dong-joo (66, Mechanical Engineering) of YU received the 16th Haedong Award from the National Academy Engineering of Korea. The Haedong Award is an award sponsored by the Haedong Science Culture Foundation and it is an award that selects persons who contributed greatly to educational innovation for the development of engineering education and the spread of engineering technology cultures such as writings, publication, press, contents development, etc. related to engineering technologies. Professor Song received high evaluations for his contributions such as enhancing the domestic and international status of the Accreditation Board for Engineering Education of Korea, accreditation evaluation activities, accreditation standards studies, communication with the engineering community, etc.
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Begins four-year term after holding appointment ceremony at the YU Cheonma Art Center Convention Hall on the 1st “Succeed and develop the founding spirit of the school... Begin a new challenge to turn crisis into opportunity” “We will innovative college education placing utmost priority on the future of students” [February 1, 2021] <Appointment ceremony of Choi Oe-chool as the 16th President of YU> Choi Oe-chool (64) was appointed as the 16th president of YU on February 1. His term will be for four years until January 31, 2025. At 2 p.m. on the 1st, while starting his official term with the appointment ceremony at the YU Cheonma Art Center Convention Hall, YU President Choi said, “I will manage the university setting the founding spirit of YU to contribute to creating a new history of national revival as a top priority.” The university is not in a favorable situation considering the drop in school-going populations, etc. Under such circumstances, doing nothing would not maintain our current state, but be the shortcut to become obsolete.” He added, “We will actively respond to changes and take the initiative to turn crisis into opportunity by taking on new challenges. I ask all of the members of YU to participate for the innovation of the university.” President Choi said that plans are to set detailed projects in five fields such as ▲education and students ▲professors and research ▲attracting international students ▲organization and administration ▲enactment and facilities, etc. to pursue innovation of the university. President Choi announced in his inaugural address that he will lead the university by placing greatest focus on innovation in the field of education and students. He said, “Universities have the responsibility and duties to provide education desired by students and needed by society.” The greatest value of education should be placed on the future of students. YU will focus on nurturing students with the competitiveness to the lead the global age and the fourth industrial revolution,” while adding, “We will overhaul the curriculum and innovation education methods. We will break down the walls between academic disciplines systemized to foster standardized human resources and implement flexible academic programs to develop specialized educational programs offered only by YU.” Choi Oe-chool joined YU in 1989 as a professor and served in major posts of the university and school foundation such as director of the External Cooperation Center, dean of the Park Chung Hee School of Policy and Saemaul, director of the International Development Cooperation Center, dean of the Graduate School of Public Administration, and chief of the Yeungnam School Foundation planning office. Outside of the university, he served as the chairperson of the Global Saemaul Development Network (GSDN), chairperson of the Korean Saemaul Association, chairperson of the Global Saemaul Forum, and the director of the Kore Regional Development Research Foundation. Meanwhile, the inauguration ceremony held on the 1st was conducted while minimizing the number of participants to help prevent the spread of COVID-19. Yeungnam School Foundation Chariperson Han Jae-sook, YU General Alumni Association Chairperson Jung Tae-il, former YU President Lee Hyo-soo, former acting YU President Kim Jin-sam, and former YU President Sur Gil-soo were in attendance to congratulate the new president of the university. In particular, the secretary-general of the UN Convention to Combat Desertification, governor and minister of innovation and technology of SNNPR (Southern Nations, Nationalities, and People’s Region), president of IPDN (Institute Governance of Home Affairs) in Indonesia who worked on global Saemaul development projects together with President Choi. Rwandan ambassador to Korea, ambassador from Cambodia, president of Enderun College of the Philippines, and other key figures from different parts of the world sent video messages to congratulate Mr. Choi.
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Successfully finished stage 1 of the Laotian modern police hospital construction project Published 3 books including site survey report and medical plans Can be used as basic data for international health and medicine projects [February 5, 2021] With the Laotian police modern hospital construction project team (led by Professor Lee Gyeong-soo, Preventive Medicine) completing the first stage of the project (local survey, medical plans, architectural designs), Yeungnam Medical Center (Director Kim Jong-yeon) published three books (cover photos above) such as ‘the site survey report (English)’ and the ‘medical plans (Korean/English)’ containing the core functions and detailed operation plans of the hospital. This site survey book contains the results of investigating the three major central hospitals of Laos, the existing police hospital, major hospitals in Udon Thani and Nong Khai in nearby Thailand, their medical services, hospitalization and outpatient status, and disease trends of patients, as well as Laos’ general health and medical statistics and policy initiatives, and the police modern hospital construction site. <Meetings on medical personal demand surveys with the medical staff of the police hospital> For the medical plans, the major roles and key functions of the modern police hospital were set based on the results of examining various literature, medical personnel demand surveys, patient satisfaction surveys, and local resident medical demand surveys; while systemizing through the organization of a comprehensive medical plan including operation plans and necessary personnel plans per department, amount of medical treatment per clinical department, and the levels and types of medical services. Prior to publishing these three books, project team leader Lee Gyeong-soo said, “With the successful completion of the first stage of the project and publishing the outcomes in books, we expect to increase understanding and interests on international health and medicine projects carried out by the medical center,” while adding, “It has been difficult for schools and institutes hoping to take part in international health and medicine projects to find basic data that they could refer to prepare or plan for projects. This publication should provide some assistance to this.” Furthermore, the YU Medical Center Laos project team plans to participate in a limited competitive bid for the Laos National Medical University Hospital Construction Project that cost a total of 100 million USD and be overseen by the Export-Import Bank of Korea’s economic development cooperation fund (EDCF). The Laos Project Team plans to continuously search for opportunities to enter new international health and welfare projects, while also looking for conversion projects with the local society development sector including Saemaul Undong in developing countries. Moreover, by cooperating with other universities in the region, it plans to work together with local universities for not only joint international development cooperation projects, but also to offer new or existing departments related to health and medicine, as it expands its business fields.
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Part of the 'Kimchi Sharing Project’ of the makgeolli production company that YU alumnus and singer Lee Chan-won is the official model for Mister Trot Lee Chan-won’s good influence continues to businesses and fan clubs [February 4, 2021] Saesuncheon Brewery and Farming Corporation (CEO Song Byung-gi) donated 2,500kg of kimchi to YU (President Choi Oe-chool). Saesuncheon Brewery and Farming Corporation is the manufacturer of ‘Hwangchil Plus Saeng Makgeolli’ that singer Lee Chan-won, an alumnus from YU is currently the official model for. Saesuncheon Brewery and Farming Corporation is working together with Lee Chang-won as its model in the ‘Kimchi Sharing Project.’ Donation of kimchi to YU was also part of this project. At 2 p.m. on the 4th, Saesuncheon Brewery and Farming Corporation CEO Song Byeong-gi visited YU to donate kimchi. The donated kimchi will be shared with international students at YU. Saesuncheon Brewery and Farming Corporation CEO Song Byeong-gi said, “All of us have been spending difficult times due to the spread of COVID-19 over the last year. I assume that it must be even harder for international students who left their homes and are studying in a foreign land. I hope that what we share will be able to help overcome this tough time.” In response, YU President Choi Oe-chool said, “I would like to thank Saesuncheon Brewery and Farming Corporation for its social contribution activities by donating kimchi right before the national holidays. We will share it with international students studying abroad and other needy neighbors to convey your meaningful action to share.” Meanwhile, Lee Chan-won has been continuing to exercise his kind influence since last year. Starting with members of Lee Chan-won’s fan club gathering money and donating it to YU as scholarships funds back in October, there has been a series of donation activities to participate in Lee Chan-won’s kind influences by people like a 70-year-old woman in Gumi of Gyeongbuk, local cafe owners, and anonymous donors.
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Study titled <Environmental Factors, Organizational Ambidexterity, and Performance: Mediating Effects of Bricolage> Analyzing cause-effect relations of corporate performance using the unfamiliar concept of ‘Bricolage’ [February 2, 2021] <Dr. Lee Jooy-yeon (right) and YU Professor of Business Administration Park Tae-gyeong winning the Best Doctorate’s Thesis Award at the 4th Korean Society of Strategic Management> Dr Lee Joo-yeon (32) of the YU Department of Business Administration won the Best Doctorate’s Thesis Award at the 4th Korean Society of Strategic Management. Dr. Lee earned her PhD (advisor Park Tae-gyeong) in business administration in August 2020 for her thesis titled ‘Environmental Factors, Organizational Ambidexterity, and Performance: Mediating Effects of Bricolage.’ In this paper, Dr. Lee analyzed the cause-effect relations of environmental upheavals and learning direction of small and medium venture companies, ‘Bricolage’ that is the ability to newly utilize resources possessed by a company, and ‘ambidexterity’ that represents the simultaneous executive abilities of corporate exploration activities and utilization activities, and corporate performance. In particular, this study analyzed the cause-effect analysis of corporate performance using a relatively unknown concept called ‘bricolage (overcoming resource constraints through creative combinations of nearby resources for new issues and opportunities).’ Her advisor, YU Business Administration Professor Park Tae-gyeong, said, “This paper emphasizes that rather than how much strategic resources a company may possess, the subjective attitude and activities of company that views common or value-less resources from a new perspective to achieve innovation and outcomes may actually be more important.” He added, “It proposes for directors of resource-constrained small and medium venture companies to actively use organizational bricolage cultured through environmental upheaval and learning direction as a strategic tool for ambidextrous innovation to gain a competitive edge.” Two theses drafted based on Dr. Lee’s paper were published in the domestic academic journal, ‘Business Management Research’ and is also slated to be published in a prominent international academic journal in management scient, thus being recognized for the achievements of the research both domestically and internationally. The Korean Society of Strategic Management is Korea’s most authoritative academic organization in strategic management. It has been selecting and awarding outstanding doctorate’s degree papers since 2017 with the goal of fostering new researchers. These awards were selected by reviewing the diploma theses of those who earned their doctorate’s degrees in 2020, and a total of two were awarded.
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YU Dep. of Environmental Engineering wins Campus Eco-Leader ‘Grand Prize’... Awarded second consecutive year ‘Exercising Eco-friendly Life’ idea via YouTube... News production, product introduction, V-log, etc. “It is encouraging to see people gain interest in environmental issues and to see changes in lifestyles” [January 12, 2021] <YU Dep. of Environmental Engineering students who won the ‘10th Campus Eco-Leader’ grand prize> (Left to right: Hong Ye-ji, Koh Jung-ah, Jang Ga-yoon, Heo Soo-min, Kim Hyun-ji) Students from YU won the grand prize at the ‘10th Campus Eco-Leader.’ YU won the grand prize for the second consecutive year following the 9th last year. The Daegu Regional Environmental Office has been selecting ‘Campus Eco-Leaders’ and supporting their activities to spread eco-friendly lifestyle movements in college campuses. The 10th Campus Eco-Leaders composed of 58 people in 10 teams from four universities in the Daegu and Gyeongbuk regions were selected in 2020, and following the launching ceremony in July, they were active in for about six months until December. Upon evaluating each Campus Eco-Leader team for the past six months, the ‘Eco Sunshine’ team made up of YU Dep. of Environmental Engineering students such as sophomores Hong Ye-jin (20), Koh Jung-ah (21), Jang Ga-yoon (20), Lim Da-bin (20), Heo Soo-min (21), and junior Kim Hyun-jin (21) was ranked first and took the grand prize and received the Minister of Environment Award. The Eco Sunshine team engaged in not only PR activities via YouTube, etc., but also organized eco-friendly lifestyle activities both online and offline including the introduction of urban farming, eco-challenge (campaign to reduce use of disposable items), attaching eco-friendly stickers, mask band cutting challenges, etc. The YU students received especially high evaluations for their online activities using YouTube. They opened a YouTube channel called ‘ecosunshine’ to introduce eco-friendly products such as bamboo toothbrushes, recycled cosmetic pads, etc., and also shared major environmental policies such as the repackaging prohibition law and other environment-related issues to demonstrate their unique ideas. Each team member also produced V-log videos containing their eco-friendly lifestyle habits, which received good reviews in that it proposed easy-to-practice eco-friendly activities in the everyday life of students. The students added that they regularly read books or watched movies about the environment and held discussions to form a consensus about environmental issues between team members and that it was an opportunity to expand knowledge about their major. Miss Hong Ye-ji, who was the leader of the Eco Sunshine team, said, “As a student majoring in environmental engineering, I have always been interested in eco-friendly activities, but I found that it was quite difficult to exercise it in everyday life.” She added, “I gained even more interest in environmental issues through the Campus Eco-Leader activities, and I was also proud to see changes occurring in the lifestyles of people around me including friends and family. I hope that many studies will participate in our efforts to make an eco-friendly campus.”
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LINC+ project team regional cooperation center pursues ‘historical records’ project with local non-profits and press companies Highly evaluated for preserving community values and national records Professor Choi Beom-soon receives ‘Prime Minister’s Award’ from the government for contributions to national records management [January 21, 2021] <Members of the ’Corporate Research Association Shade: Shade and Them’ are in a meeting to organize records on Korean atomic bomb victims archived at the Hapcheon Atomic Bomb Archives> The historical records project being pursued by YU (President Sur Gil-soo) has been recognized for its value as national records. The regional historic/cultural contents investigation/collection/discovery/recording project being pursued by the YU LINC+ Project Team Regional Cooperation Center (director Choi Beom-soon) is being highly evaluated for preserving the value of the local society and as national records. They are represented by ▲the records organization and digitalization project for the Korean atomic bomb victims records at the Hapcheon Atomic Bomb Archives ▲Gyeongsan cobalt mine civilian massacre records production project. In particular, this regional historical records project is meaningful in that it was initiated and led by the private sector including universities. The project was pursued under the leadership of the YU LINC+ Project Team Regional Cooperation Center together with the non-projfit organization <Corporate Research Association Shade: Shade and Them> and the local press company <Gyeongsan Newspaper>. Center Director Choi Beom-soon (YU Professor of Japanese Language and Literature) who led this project was recognized for his efforts for the discovery and preservation of regional historic records and was selected for the government prize for his contributions to the 2020 national records management and received the Prime Minister's Award. <’Corporate Research Association Shade: Shade and Them’ organizing records at the Hapcheon Atomic Bomb Archives> <Corporate Research Association Shade: Shade and Them> is a non-profit organization composed of alumni of the YU Department of History. They are producing contents in the humanities for the social minority. They are discovering and preserving the records of those who have been socially alienated and acting as a medium to convey it to the public. This organization pursued a digitalization project for the Hapcheon Atomic Bomb Archives records together with the YU LINC+ Project Team Regional Cooperation Center. Director Choi said, “We have been interacting with Hiroshima, which is a sister city of Daegu, and our sister university since 2015. During this, we became aware of the issue with Korean atomic bomb victims and held an international academic conference on the date of opening the Hapcheon Atomic Bomb Archives in August of 2017.” He further explained about the project saying, “With the establishment of the LINC+ Project Team Regional Cooperation Center in 2018, we began pursuing the digitalization of the records at the Hapcheon Atomic Bomb Archives as part of the community contribution project together with the ‘Corporate Research Association Shade: Shade and Them’. Up until now, personal information held by the Hapcheon Atomic Bomb Archives, oral testaments, and tens of thousands of records were organized and digitalized, and a total of 33 collection books were produced. In 2019, they contributed to finding 11 Korean atomic bomb victims that were omitted in the atomic bomb victim records of the Hiroshima region in Japan. The Gyeongsan cobalt mine civilian massacre case records production project pursued together with Gyeongsan Newspaper also made significant progress. Since first covering the cobalt mine case in Pyeongsan-dong, Gyeongsan in 1994, Gyeongsan Newspaper published a total of over 500 articles on the incident over a period of 26 years. This report served as a trigger for solidarity among surviving families, fact-finding missions, and restoring their honor, and they helped to win the lawsuit against the state to bear responsibility. The YU LINC+ Project Team Regional Cooperation Center and Gyeongsan Newspaper worked together to produce video records of surviving families and a book containing the testimonies of surviving families regarding the Gyeongsan cobalt mine civilian massacre, and also completing digitalizing the photographs and videos. Director Choi said, “This year, we plan to complete the Gyeongsan cobalt mine civilian massacre records production project that began back in 2019 by publishing a white book. YU will take be a leading advocate in preserving and finding regional historic cultures and accumulate various contents to create historic and cultural value for the region.”
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Stanford University research team in the US analyzed DB of the world’s largest academic journal citation indicators to announce the top scientists Only one in Korea in the ‘transportation sector’ Dealing with traffic big data, traffic safety, and autonomous driving cars, etc. as major research sectors [January 8, 2021] YU Department of Urban Planning and Engineering Professor Jung Yeon-shik (49) was selected as the top 2% scientists per global academic sector published by Stanford University in the US. A research team at Stanford recently used Scopus data to evaluate the life-long accomplishment sector and 2019 yearly achievement sector to publish a list of the top 2% scientist list for academic sectors in the entire world. Scopus is the world’s largest academic journal citation index database created by the publishing company Elsevier of the Netherlands in 2004. The research team evaluated researchers who published at least five theses in each academic sector based on a total of six index values, and provided information of the top researchers per sector in the database. Professor Jung was included in the top 2% of the 21,274 researchers who published more than five theses in the ‘logistics and transportation’ sector. There were only two domestic researchers included in the top 2% in the ‘logistics and transportation’ sector, and when excluding the researcher in the logistics sector, Professor Jung is the only Korean included in the ‘traffic’ sector. Professor Jung earned his PhD in traffic engineering at the University of California, Irvine in 2007 and has been serving as a professor of urban planning and engineering since 2016. He is mainly involved in education and research activities in fields that have recently become major issues such as traffic big data, traffic safety, and autonomous driving vehicles.
