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‘Top 1% citation of thesis’ in math... World-class quality for papers Continuously recognized by fellow researchers around the world for 10 years Published 150 SCI papers in the past 5 years, number of citations reached 13,500 [November 29, 2018] <Department of Electrical Engineering Professor Park Joo-hyun (left) selected as world’s top 1% researcher for fourth consecutive year> YU Department of Electrical Engineering Professor Park Joo-hyun (51) was selected as the world’s top 1% researcher once again. He was selected for this honor for the fourth consecutive year since 2015 and he continues such world-class research. The global information analysis company Clarivate Analytics announced its ‘2018 Most Influential Researchers in the World’, or the list of the ‘Highly Cited Researchers (HCR)’. There were over 6,000 people around the world who were named in the HCR this year. YU Professor Park Joo-hyun was selected for the fourth straight year in the mathematics sector. There were 90 researchers around the world included in the list for mathematics. Clarivate Analytics analyzed the ‘web of science’, which is the world’s most massive academic information database, to select researchers based on the top 1% highly cited papers in each academic sector. He has been continuously recognized from fellow researchers around the world for the past 10 years. This means that the quality of the paper was outstanding. In 2018, over 4,000 researchers in a total of 21 fields such as science and natural science were selected as HCR. Approximately 2,000 researchers were included in the ‘cross-field’ (researchers exhibiting research capacities in multiple fields among researchers who did not meet the criteria for selection in each academic sector in terms of top 1% cited papers in 21 fields) and so worldwide, over 6,000 were selected for the HCR. 22 Koreans were included in the cross-field, thus placing 50 Koreans on the list. Professor Park has been actively engaged in research publishing about 150 papers in SCI academic journals as the main author in the past five years. Among them, 60% of the papers were published in top 10% JCR (Journal Citation Reports) journals. He has been cited 13,500 times as of current. Professor Park’s papers were cited in total 19,300 times in Google Scholar. Professor Park is acknowledged as a global authority in the nonlinear control system analysis using fuzzy theories. In October, he was appointed as associate editor of the IEEE Transactions on Fuzzy Systems’, which is a world-acclaimed academic journal published by IEEE (Institute of Electrical and Electronics Engineers). The global academic publication company Springer Nature also paid attention to the research outcomes of Professor Park. At the suggestion of Springer Nature, Professor Park published ‘Recent Advances in Control and Filtering of Dynamic Systems with Constrained Signals’ in September.
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Home repair volunteer club visits homes to help put up new wall papers, flooring and replacing lights Students donate to purchase goods for volunteering and receive support from Hope Bridge “It is more fulfilling as the objective of volunteering is more concrete and clearer” [November 26, 2018] The YU student club, ‘Youngjihoe’ was awarded in the group sector of the ‘1st Korean Residential Welfare Culture Awards’. The ‘Korean Residential Welfare Culture Awards’ selected and awarded organizations and institutes that work on making a residential welfare community and citizens who practiced residential welfare cultures at the National Assembly Library’s main auditorium on November 2. This event was hosted by the Residential Welfare Culture Movement Center and sponsored by the Ministry of the Interior and Safety and the National Assembly Traffic Committee. Most of the winners this year were part of volunteer centers, organizations, companies and institutes, and only two school clubs including YU were selected. <Youngjihoe volunteer work> Youngjihoe is a home repair volunteer club and is made up of 80 students. They visit homes with poor residential environments in Dong-gu, Suseong-gu and Gyeongsan in Daegu to offer their volunteer services in placing wall paper and replacing floors and lights. Youngjihoe, with the support of the legal disaster relief organization ‘Hope Bridge’, purchases their own goods for volunteer activities with money from the pockets of the student volunteers. The residential areas to receive volunteer services are selected with help from local volunteer centers. Youngjihoe Vice-president Park Sung-joon (23, School of Chemistry and Biochemistry, junior) said, “House repair work may be a bit unfamiliar and difficult for students, but members of our club make up teams of about 10 students each and enjoy volunteer activities.” He added, “Thanks to continuously volunteering every month, our skills with wall papering improved significantly.” Youngjihoe engages in volunteer activities every month, whether during the semester or during vacation. About 100 homes were repaired since 2014. About two volunteer activity projects are held every month on weekends and club managers have higher responsibilities having to participate in volunteer activities mandatorily. Youngjihoe President Park Jin-seok (23, School of Materials Science and Engineering said, “Unlike other common volunteer clubs, Youngjihoe has a clear and concrete objective for volunteering. It is very fulfilling as we can see for ourselves the fruits of our volunteer work.” He added, “If you want your college life to be more meaningful, we invite you to come to Youngjihoe.”
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Hosted by College of Mechanical and IT Engineering and held at the YU Cheonma Gym on November 24 Joined by over 100 people in 21 teams including students of the YU LINC+ Project Team Projects given to different teams by converging majors... Expected to improve problem-solving skills [November 27, 2018] The ‘2018 Wish Drone Festival’ hosted by the YU College of Mechanical Engineering was held at the YU Cheonma Museum at 1 p.m. on the 24th. This contest was designed to have students produce drones, which is a major sector in the 4th industrial revolution, to improve problem-solving skills through technological convergence among different majors. Over 100 students in the YU LINC+ project team grouped into 21 teams for this contest. In addition to engineering students in mechanics, electric, electronic, computer, information communication, and robotics, students majoring in industrial design, business administration, statistics, biochemistry, etc. who are interested in drones grouped into teams of 3 to 5 members. They completed their projects by exchanging and integrating knowledge of each other’s majors by teaming up with students from same and different majors. The theme of this contest was ‘automatic flight contest of self-built drones mounted with LED’. The students completed missions for this contest by designing drones, building drones using 3D printers, coding drone flight programs, LED design, and mounting the LED. This contest drew even more attention as various types of drones including the dualcopter, which is a flying object with two propellers that rotate in opposite directions, were submitted. Meanwhile, the YU College of Mechanical and IT Engineering held 10 special lectures including a seminar for the contest for a period of five months including summer break for students to improve their competencies in their majors and to enhance their concentration for the contest.
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Sharing the ‘local Saemaul development’ experiences to developing countries in Asia, Oceania and Africa Over 250 scholars, international development experts, and public employees in the development sector from 27 countries attend International Saemaul academic conference hosted to create a global cooperation network [November 21, 2018] <The 2018 International Saemaul Development Conference was held at the Daegu Interburgo Hotel on the 21st> The 2018 International Saemaul Development Conference was held at the Daegu Interburgo Hotel on November 21 with the theme ‘Local Saemaul Development Experiences from a Global Perspective’. This international academic conference, which was co-hosted by YU (President Sur Gil-soo). Cheongdo-gun (Governor Lee Seung-yul), and Global Saemaul Development Network (GSDN, Chairman Choi Wae-chul/YU Professor) was joined by over 250 people from 27 countries comprised of scholars, experts, and public officials in the development sector. This academic conference that was co-hosted by three institutes discussed plans to implement the global Saemaul Undong focusing on the local Saemaul development cases in Asia-Pacific (Vietnam, Philippines, Papa New Guinea) and Africa (Uganda, Tanzania). Cheongo-dun Governor Lee Seung-yul who hosted this event said, “The 50,000 residents of Cheongdo will do its role as the cradle of Saemaul so that the Saemaul Undong will go beyond Korea and be reborn as a development strategy that contributes to the co-prosperity of the global community.” Cheongdo-gun Council Chairman Park Gi-ho introduced various activities on recycling resources and emphasized the new role of the Saemaul Undong for sustainable development. YU Park Chung Hee Saemaul Institute Director Park Seung-woo said, “Unlike the social mood in Korea, Saemaul Undong is actively unfolding in developing countries around the world. The local development cases in developing countries presented in this conference show how effective our Saemaul development model is in community development sites of various countries in Asia, Oceania and Africa.” He also added, “This event will help share global Saemaul Undong experiences and form a continuous cooperative network and once again confirm our efforts and will to spread the Saemaul development model throughout the world. In particular, Saemaul sharing cases and directions can be examined from a new dimension through this international conference.” Meanwhile, YU President Sur Gil-soo said, “Korea’s development would not have been possible without the Saemaul spirit of hard work, independence, and cooperation, as well as the assistance of the international society.” He added, “Korea’s Saemaul Undong experience offers a very important guideline for developing countries to resolve poverty issues and it is a very effective model for pursuing the various challenges of the sustainable development goals (SDGs).” In addition, Mr. Sur said, “YU has the best experience and infrastructure in the Saemaul Undong research and education sector since the mid-1970s,” while adding, “We will spare no interest or support to utilize YU’s accumulated knowhow to help developing countries overcome poverty and to resolve the joint challenges of the global community.” Lastly, GSDN Chairman Choi Wae-chul said, “The Saemaul Undong experience, which is a UNESCO Memory of the World, will be an important strategic tool for overcoming poverty for developing countries. Korea must not participate actively to overcome the common challenges of the international community and also actively help improve the quality of life for citizens of developing countries.” He also emphasized, that “Above all else, the most important thing is localization through the fostering of human resources.” YU opened the Park Chung Hee Leadership Institute (current Park Chung Hee Saemaul Institute) in 2009, the Saemaul Research Center in 2010, the Park Chung Hee School of Policy and Saemaul (PSPS) in 2011 and installed the Department of Saemaul and International Development in 2015, thereby recently constructing the best infrastructure for education and research on the Saemaul Undong. Meanwhile, Cheongdo-gun, which is known to be where the Saemaul Undong first started, signed an MOU with YU in 2011 and established and operated the Saemaul Research Center and is in charge of the globalization project of the Samaul Undong in the Philippines and Vietnam. The Global Saemaul Development Network (GDSN), which is one of the co-hosts of this conference, is an international NGO that was launched as a foundation in 2015 and it is leading in the formation of a global network to share the Saemaul development experience joined by over 450 members. At this conference, the economic development officer of the Philippines National Economic Development Authority (NEDA) made a presentation on the progress of the Saemaul development project for the sustainable development of Iloilo in the Philippines. Papa New Guinea Saemaul leader Uno Konisimo introduced Saemaul development cases being carried out in Papa New Guinea, while a researcher of the Vietnamese Institute of Policy and Strategy for Agriculture and Rural Development (IPSAARD) introduced the effects of supporting the Saemaul Undong with the new agricultural development program of Vietnam. Also, Kakumba Paddy, the vice-secretary general of LVRLACC (Lake Victoria Region Local Authorities Countries Cooperation, introduced the Saemaul Undong model that was applied in Uganda. Malawi Provincial Administrative Rural Development Department Economic Advisor Wilson Bil Nagoli also took part in the discussions. The general discussion was hosted by former YU President Lee Hyo-soo and was joined by former KOICA President Kim Young-mok, UN World Food Programme (WFP) Korea Branch Chief Lim Hyung-joon, Gyeongbuk Technopark Director Lee Jae-hoon, and Daegu-Gyeongbuk Institute Senior Researcher Oh Chang-gyun, etc. took part to actively discuss Saemaul development for developing countries from a global perspective.
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YU Alumni Association of Economics and Finances holds employment alumni welcoming ceremony for 7th straight year YU alumni in government, financial, legal, cultural and other sectors meet in one place Over 300 alumni and new employees joint to make close alumni ties [November 23, 2018] <YU Alumni Association of Economics and Finance, ‘7th Cheonma Employee Alumni Welcoming Ceremony'> YU alumni working hard in various parts of Korea gathered at the Seoul Samjeong Hotel at 7 p.m. on the 22nd. They came to encourage their juniors who just started their professional careers in the Seoul area after overcoming the fierce competition for employment. This event was titled the ‘Cheonma Employee Alumni Welcoming Ceremony’ hosted by the YU Alumni Association of Economics and Finance (Chairman Yoo Gun-ha). It has been held every year since 2012 and is now in its seventh year. It is rare for senior alumni who graduated decades ago to gather at one place to congratulate and encourage their junior alumni who just began their professional careers in such an alumni event. YU Alumni Association of Economics and Finance Chairman Yoo Gun-ha (Architecture c/o 71, CEO of Kunwon Engineering) and former chairman of the alumni association who oversaw the first to sixth events Yoon Sang-hyun, who is the CEO of Ilshin Electronics Industry and Trade (Commerce c/o 69), National Assemblyman Kim Gwang-rim (Economics c/o 69), A Plus Group Chairman Kwak Geun-ho (Chemical Engineering c/o 76), former Korea Minting and Security Printing Corporation President Kim Hwa-dong (Law c/o 76), and others for a total of 150 YU alumni in the government, finance, legal and cultural sectors took time out of the busy schedules to meet with their junior YU alumni. <Alumni Association of Finance and Economics Yoo Gun-ha (left) and YU President Sur Gil-soo giving welcoming addresses> Alumni Association of Finance and Economics Chairman Yoo Gun-ha said in his welcoming address, “Today’s event was prepared for senior alumni to encourage junior alumni who have just taken their first step into the professional world and to make friendships between seniors and juniors. I hope that the juniors will receive positive energy from their seniors.” He added, “The seniors present here are leaders of Korea in different sectors of society. They will help lead you in the right direction so that our juniors will become the future pillars of Korea. I hope that you feel proud of YU and become leaders of Korea.” Cho Hye-jin (Chemistry c/o 13) who made a speech of appreciation on behalf of the employee alumni said, “It has been just a year since starting work. I feel a sense of ease coming here and knowing that I have seniors who are highly active in different sectors of society.” She added, “I hope that this event will serve as an opportunity to make close ties between seniors and juniors. We will do our best to follow your steps. I ask our seniors to also keep an eye on us with affection.” The school foundation Yeungnam School President Han Jae-sook and YU President Sur Gil-soo also attended on behalf of the school. Mr. Sur Gil-soo said, “I want to congratulate our alumni who worked hard to finally reap the fruit of employment. I hope that the senior and junior alumni present here will make tight bonds so that the YU alumni association becomes a group that leads Korea.” A total of 300 YU alumni including about 150 junior alumni who recently gained employment in the Seoul region filled the venue. They greeted each other and the seniors spared no advice and encourage for their professional careers. <Economics and Finance Cheonma Chorus and YU Alumni Association of Economics and Finance Directors> This event, which lasted for about three hours, also included lectures from seniors and a congratulatory performance to show their support for juniors. ‘Perspective Designer’ CEO Park Yong-hoo was invited to speak on the theme of ‘Design perspectives’ to think outside of the box and make new ideas. A Plus Group Chairman Kwak Geun-ho shared his experiences as a senior alumni of YU and a business owner in a short lecture for junior alumni. In particular, director of the Insiem Art Troupes Noh Hee-seop (Vocal music c/o 91), who is famous as the ‘singer of the streets’ and an alumni of YU also gave a congratulatory performance, followed by a congratulatory performance by the recently organized Economics and Finance Cheonma Chorus, which received huge applauses.
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Outcomes of pursuing the Ministry of Education’s PRIME project gathered in one place on 22nd and 23rd Creative pieces including engineering ideas and 3D printing contests offered Held drone flight demonstration and robot soccer tournaments for middle and high school students [November 23, 2018] YU (President Sur Gil-soo) held the ‘2018 YU SMART Engineering Festival’. This event was organized to share the performance and excellent cases of the Ministry of Education’s PRIME (Program for Industrial needs – Matched Education) project (hereinafter ‘PRIME project’) pursued by YU. This event, which was held for two days on the 22nd and 23rd at the YU Cheonma Gym, Mechanical IT College and College of Engineering, was an event to see the research outcomes of undergraduate students participating in the PRIME project, as well as products that were designed and produced by the students. The YU PRIME Project Team (team leader Han Dong-geun) that hosted this event held the ‘Engineering Idea Contest’ and ‘3D Printing Contest’ from October. The engineering idea contest presented solutions of 27 engineering perspectives that integrated the creative ideas of students for local social issues in fields such as local economic promotion, disaster and safety, environment and welfare. The 3D printing contest received huge interest from participants by producing 12 3D print products in not only the mechanical, automotive, and robot sectors, but also in everyday life. The YU PRIME Project Team leader Han Dong-geun that prepared for this event said, “The students’ capacities developed significantly while pursuing the PRIME project for three years since 2016. The outcomes can be checked at the 2018 YU SMART Engineering Festival.” He added, “Visitors will be able to see that YU is the cradle for fostering human resources who will lead the 4th industrial revolution.” Meanwhile, drone flight contests and robot soccer tournaments targeting middle and high school students were also carried out, as well as an employment fair at this event.
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‘Grand Prize’ at the Korean Society of Food Science and Nutrition’s product development contest Add high value to persimmon peels, while also lowering waste fruits Joint research of professor, graduate school and undergraduate school students... Strong research capacities with good fundamentals from undergraduate studies [November 20, 2018] <Department of Food Science and Technology Sul! Ggae-bol-tae-gam team that won the grand prize at the Korean Society of Food Science and Nutrition’s product development contest> (top row, left to right: Department of Food Science and Technology Dean Kim Myung-hee, Kim Min-seop, Cho A-ryeon, Taegu Science University Department of Food Nutrition and Cooking Professor Lee Jong-sook, YU Department of Food Science and Technology Professor Oh Young-sook, bottom row left to right: Kim Yu-jong, Kwon Ye-som, Na Yun-jin) Students of the YU Department of Food Science and Technology are receiving attention by developing a hangover cure using persimmon skin. This product that they developed received the grand prize at the Korean Society of Food Science and Nutrition’s product development contest that was held on October 31. The winners of this prize were Cho A-ryeon (24) currently in her master’s degree program at YU (major in food engineering) and senior Kwon Ye-som (23), juniors Kim Min-seop (23) and Na Yun-jin (22), and sophomore Kim Yu-jong (21) of the ‘Sul! Ggae-bol-tae-gam’ team. YU Department of Food Science and Technology Dean Kim Myung-hee and Dr. Oh Young-sook, and Taegu Science University Department of Food Nutrition and Cooking Professor Lee Jong-sook served as co-advisors. This contest, which was co-hosted by the National Food Engineering Professor Association and the Korean Society of Food Science and Nutrition and sponsored by Nature Farm and the Yeongyang Red Pepper Trade Corporation was held to increase consumption of persimmons and red peppers and to find products and commercialization items that could add value to these products. Pre-evaluations and oral presentations were conducted on research creativity, scientific system, correlation to the food industry, and product development completion. In result, the YU ‘Sul! Ggae-bol-tae-gam’ team won the grand prize with the ‘Development of a New Hangover Cure Using Persimmon Skin and Waste Fruits’. Dean Kim Myung-hee who acted as an advisor for the students said, “While thinking about ways to help relieve hangovers for modern people who drink frequently and based on the research results that polyphenol and antioxidizing materials that are rich in persimmon help decompose alcohol, we evaluated the biological activity per pre-treatment method of persimmon skin and evaluated the blood alcohol decomposition abilities after drinking to develop an easy-to-eat jelly-type hangover cure.” She added, “I think that adding value to the byproducts when processing persimmon and the environmental benefits of reducing waste fruits received good evaluations.” In particular, this outcome was even more meaningful as it was research outcome achieved through the assertive participation of undergraduate students. YU Department of Food Science and Nutrition Professor Kim Myung-hee’s research lab has been actively participating in the research since undergraduate studies. Cho Il-gook (25, left on photo) who is currently in his master’s degree program after completing the bachelor’s and master’s combined course and senior Kwon Ye-som (right on photo) also conducted the ‘Comparative Analysis Study of physico-chemistry, nutrition, and functions of refined salt and raw sugar’ with the support of the Small and Medium Business Administration. The research results were published in the SCI journal ‘Food Research International (IF) 3.52’ in the food engineering sector earlier this year. Dean Kim Myung-hee said, “There is a synergy effect through joint research of professors, graduate school students and undergraduate students, and the research capacities gained in undergraduate school naturally continued to the graduate school course.” She added, “I will help the undergraduate students create good research outcomes by helping them participate actively in club and research activities.”
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International students from 30 countries around the world participate to share the ‘world citizen consciousness’ at YU on the 9th Shared traditional foods from different countries to create a global festival Democratic Republic of Timor-Leste Ambassador to Korea also attended to spend time with students [November 9, 2018] <Students of the Saemaul and International Development Department and international students at the Park Chung Hee School of Policy and Saemaul engaged in campus cleaning activities for the ‘World Citizen Campaign’> On the 9th, with the attendance of international students from 30 countries around the world, YU held the ‘World Citizen Campaign’. This aimed at sharing the consciousness of world citizens through cultural exchanges with different nations and to heighten awareness on the roles and responsibilities of members of the global community. The ‘World Citizen Campaign’ hosted by the YU Department of Saemaul and International Development is part of the ‘University International Development Cooperation Understanding Enhancement Project’ of the Korea International Cooperation Agency (KOICA). The festival started off with campus environment purification activities joined by YU students and international students at the YU Park Chung Hee School of Policy and Saemaul. It aimed at allowing the students to feel a sense of unity and responsibility as a member of the community through the campus cleaning activities and to share the experience of harmony and co-existence. Afterwards, an event for experiencing the food culture of the world was held at national booths prepared at the main gate of YU. Participants enjoyed the festival by cooking their traditional foods at the booths and sharing with others. This experience event that was joined by a total of 16 countries offered foods ranging from rendang and nasi goreng of Indonesia, which has been ranked the world’s first and second most delicious foods, to ubunyobwa of Rwanda and bolani of Afghanistan so that participants could taste different foods and gain a better understand of each other’s cultures. Andika Aya Putri (26) from Indonesia currently studying at the Park Chung Hee School said, “I happily took part in this event as it is an opportunity to introduce the traditional foods of Indonesia to Korean students. I hope that students will be able to taste different foods from different countries, while talking to each other and sharing our cultures.” <Democratic Republic of Timor-Leste Ambassador to Korea Adalgisa Ximenes makes traditional food at the ‘World Citizen Campaign’> Democratic Republic of Timor-Leste Ambassador to Korea Adalgisa Ximenes also participated in this event. Ambassador Ximenes cooked food with international students from Democratic Republic of Timor-Leste currently studying at the Park Chung Hee School and spent time with students from various countries participating in the event. Kang Yoo-jin (20, YU Department of Saemaul and International Development, sophomore) who attended this event said, “I think helping international students cook traditional food and eating it together with them was a good opportunity to better know each other. It was a short time, but it was fun being able to talk about their foods, language and culture.” The Saemaul International Development Exhibit was also held at this event. The outcomes of the various Saemaul international development cooperation projects, on-site overseas learning programs, and research activities pursued as part of the KOICA University International Development Cooperation Understanding Enhancement Project by the Department of Saemaul and International Development were shared with international students from around the world, drawing a huge deal of attention. The participants shared opinions and talked about the internationalization capacities of YU accumulated through the Saemaul international development activities and ways to contribute to the international society of the future generation. YU Department of Saemaul and International Development Professor Lee Jung-joo who planned out the ‘World Citizen Campaign’ said, “The value of the Saemaul spirit of sharing, volunteering and creating based on industriousness, independence, and cooperation is the fundamental mentality to obtain the practical virtues of international development cooperation for a world where everybody can live happily in. We have continuously pursued educational experiences and experience-based activities related to Saemaul based on such values.” He added, “Such exchange program will continue to be developed to foster great global human resources with the capacity for coexistence.”
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MOU with the Ho Chi Minh City University of Technology and Education... Agreed on professor/student exchange, dual diploma programs, and courses linked to graduate schools Signed MOU with major university in Vietnam to promote exchange programs Over 200 Vietnamese students at YU in undergraduate school and language programs [November 9, 2018] YU signed an MOU on exchange with the Ho Chi Minh City University of Technology and Education to begin expanding exchange with Vietnam. At 2 p.m. on the 9th, HCMC University of Technology and Education President Do Van Dung and his team visited YU to agree on comprehensive exchange between the two universities such as joint research of professors and exchange of undergraduate and graduate school students. Last year, the YU Department of Automotive Engineering signed an exchange MOU with the HCMC University of Technology and Education College of Automobile Energy Engineering, and this time around, they agreed on strengthening exchange between the two universities in all of its departments. The two universities will review actual academic exchange programs such as exchange of students and faculty, the ‘2+2 dual diploma program’, and the ‘3+1+2 YU graduate school linked program’ where students can earn bachelor’s at the HCMC University and master’s at YU. HCMC University of Technology and Education President Do Van Dung (right in photo) said, “We have high expectations in our exchange MOU with YU as there are many professors at our university who earned their degree at YU.” He added, “There are many students in Vietnam who want to study in Korea. I hope that there will be more opportunities for Vietnamese students to study at YU through the 2+2 program.” Recently, Korean dramas and entertainment shows have been hugely popular in Vietnam, which has resulted in a huge growth for demand to study in Korea to learn more about Korea. Meanwhile, Korean universities are focusing on attracting international students from Vietnam. With this MOU, it is expected that YU will gain momentum for attracting Vietnamese students. YU President Sur Gil-soo said, “I hope that through this MOU, our exchange with Vietnam will become more widespread. We will provide full support so that international students at YU can study in an optimal environment.” In addition to the Ho Chi Minh City University of Technology and Education, YU has signed MOUs with major universities around Vietnam such as the Ho Chi Minh City University of Foreign Languages Information Technology, Vietnam National University of Agriculture, etc. and are actively interacting with each other. There are currently about 200 Vietnamese students studying at YU in undergraduate school, graduate school, and Korean language education center.
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Undergrad club C.S.I takes first place, Finomix runner up Proposed financial product ‘PEFE that can improve personal consumption habits based on big data Contribute to personal financial management, energizing the local economy, and spreading the culture of donating [November 1, 2018] <Students of the School of Economics and Finance who took the grand prize at the FSS ‘13th Finance Cost> (left to right, Song Joon-ho, Yang Ah-yeon, Oh Ji-yeon, Sang Min-cheol) Students of the YU School of Economics and Finance took first and second place in the collegiate finance contest in the 13th Finance Cost hosted by the Financial Supervisory Service. The YU C.S.I team took first place (FSS Director Award) and the Finomix team won second place at the awards ceremony held at the FSS building on October 31. C.S.I, which is comprised of Oh Ji-yeon 24, senior), Sang Min-cheol (23, junior), Song Joon-ho (23, junior), and Yang Ah-yeon (21, senior) who are all in the YU School of Economics and Finance, is an academic club within the department. They proposed the financial product ‘PEFE (Personalized Financial Management Messenger)’ that can improve personal consumption habits by using big data technologies, which received good reviews. PEFE is a smart phone application financial service that analyzes consumption habits and financial goals set by each person to manage the optimal consumption patterns. It not only analyzes consumption trends, but also helps with individual financial management such as finding savings products suitable for the individual. In addition, it was designed to be used for marketing by local small and medium business owners based on data of individual consumption patterns by financial institutes. PEFE also integrated public benefit donation activities. By achieving individual financial management goals, it accumulates points and these points can be donated to the community linked to the application by the individual. It was designed to contribute to the spreading of donation cultures in which financial institutes make indirect donations through consumers, while also encouraging individuals to naturally donate in everyday life. Oh Ji-yeon said, “We thought about the rise in household debts that has become a social issue lately and on ways to relieve small local business owners from management difficulties. We came up with a financial product that can naturally approach the individual’s daily life, who are the final consumers.” She added, “I think we received good reviews by adding a public benefit goal in which financial institutes and consumers can make donations together.” Sang Min-cheol said, “I am studying with the goal of having a career in a public financial corporation. It is important for companies to make profits too, but I think it is also important for financial companies to contribute to society in public benefit sectors as well. I will continuously think about various financial models in which financial institutes can create social value.”
