Students: Download the thesis form here.  

Notice: 2013 Bridge to the World Case Competition

The Department of International Business at Keimyung Adams College (KAC) invites you to take part in the 2013 Bridge to the World Case Competition event. The event will be held at KAC on Saturday, November 23, 2013. This competition aims to promote students' analytical capability for identification of problems and development of creative solutions, and effective presentation skills. Eligibility: All undergraduate students in business programs. Language: English only.

Competition Guidelines (pdf)
Competition Application (doc)
Competition Poster (pdf)

International Business

The International Business Program at KAC considers business management as the art of disciplined creative actions. Business management is distinguished by creativity because it aims at creating value for its stakeholders including business enterprises, customers, and employees. Business management is also a disciplined art because the creative actions ought to be firmly grounded upon systemic and methodical analysis of the current status of affairs of the business environment in which business management functions.  

Increasing globalization is the most important aspect of today’s business environment. Globalization intensifies interconnectedness between individuals, organizations, and nations in turn to multiply the complexity of the business environment. This business reality illuminates the significance of the view of business management as the art of disciplined creative actions; the competitive advantage of business enterprises in the global economy depends largely on management’s competence in identifying and understanding complex problems that an interconnected world poses, and management’s creativity for advancing innovative solutions to the problems. Accordingly, the faculty members of the IB Program consider it our primary mission to enable students to achieve mastery of management as the art of disciplined creativity in the context of an increasingly globalizing business environment.  

In order to accomplish this mission, the faculty members at IB Program strive:

  • To enable students to master essential management concepts, theories, analytical frameworks, and the state-of-the-art business research methodologies for them to enhance their analytical capability;
  • To encourage and support students to engage in independent and group business research projects for them to enhance their understanding of current issues in management and capabilities to develop creative solutions;
  • To enable students to become familiar with and understand current issues of globalization and their business implications in terms of opportunities and challenges that globalization generates for business enterprises.  

Recently, job market are also increasingly globalizing. This implies that students at KAC will have to compete with other students from around the world for a job in the near future. In order to enhance students’ employability, all courses in the IB Program are designed and delivered by international faculty members in English only. The faculty members also encourage and support our students to acquire competence in languages other than Korean and English, such as Chinese.

A full faculty listing of the KAC International Business department may be found here.
Course List

The following courses are offered in the International Business degree Program:

KAC Core IB/IR Courses (5)

Chapel I, II
These courses build the spirit of Keimyung University. Students will worship and take sermons and special lectures on Christianity. All freshmen take two semesters of Chapel.

Academic Writing I
Comprising: Academic Writing 1, Academic English III
The academic writing courses introduce students to the conventions and goals of academic writing, research, planning, and APA citation standards. Through regular written assignments students learn the skills necessary to articulate ideas carefully and clearly through text, as they develop grammatical, structural, and rhetorical competency at the sentence, paragraph, and paper level. In addition to discussing writing issues related to organization, argumentation, and academic honesty, students may also participate in group, free-writing, or peer-editing activities.

Communication Skills
Comprising: Communication Skills 1, Communication English III
This course set fosters skills that enable students to present themselves orally and in conjunction with new media in a variety of academic, business, and informal contexts. Activities, group and individual presentations, web and video projects, and lectures will assist students in developing confidence, autonomy and a willingness to communicate in English. Students learn to communicate clearly, to plan and organize materials, to engage in genuine communication with their audience, to be effective team members, and to be active senders and receivers of information.

Culture Seminar & Writing (교양세미나와 글쓰기)
This is a mandatory course to enhance reading comprehension skills within the IB discipline. Students read, discuss, and write about canonical texts of International Business and western civilization, in order to build both reading proficiency and basic knowledge of key concepts in the field.

Understanding of Christianity (기독교의 이해)
This course will provide students with Christian business, social, cultural, and political ethics in the contemporary era. As intellectuals, students may find an answer to ethical agendas and problems.

Keimyung Spirit and Service (계명정신과 봉사)
This course is designed to assist students in developing the high standards of morality and ethics needed for global leaders. As leaders in the global era, students will be able to understand the expected roles, behaviors, and attitudes of their profession.

Managing University Life
Online Course, 1 Credit
Managing University Life is meant to equip Keimyung Adams students with basic college survival skills required to be successful and productive students. The course will cover a variety of topics including active reading and learning, researching and note taking, efficient time management, multiple intelligences, examination and study skills, interpersonal relations, and employment preparation. The course is completed online with in-class exams.

Business Applications
This course is designed to help students to build fluency with business and academic applications such as MS Office, PowerPoint, and Excel. Students progress from basic functions to advanced functiosn. The course is helpful to KAC classes in writing papers, preparing visual presentations, and basic data management.

KAC IB Required (7)

Students will study how individuals, households and firms make decisions to allocate limited resources in market. This course will examine how these decisions and behaviors affect the supply and demand for goods and services, which determines prices; and how prices, in turn, determine the supply and demand of goods and services.

Students will deal with the issues of growth, inflation and unemployment, and with national economic policies relating to these issues, and the effects of government actions (such as changing taxation levels) on them. Fundamentals of Political Science - This course will deal with the theory and practice of politics and the description and analysis of political systems and political behavior. Students will study the allocation and transfer of power in decision-making, the roles and systems of governance including governments and international organizations, political behavior and public policies.

Principle of International Economics
Students will be introduced to various economic systems within the international economy. International Trade, international finance and monetary theories will be main subjects of this course. It is required to take microeconomics and macroeconomics as a prerequisite.

Probability & Statistics
This course is a basic course for social scientists. Students will learn Descriptive statistics, probability models and related concepts, sample surveys, estimates, confidence intervals, tests of significance, controlled experiments vs. observational studies, correlation and regression.

KAC IB Elective Courses

Management Information Systems
A study of the foundation of the development of management information system in business; basic concepts of computer hardware, software, database systems, data communication, and system development techniques from the viewpoints as managers, and perspective of managers and user group as well as the importance of computer based information system to support operations and decision making in business organization.

Contemporary Issues in International Business
Students will examine empirically the current global position of the South Korean economy in historical perspective. This will include the structure and evolution of exports (disaggregated by (1) industry, (2) value, and (3) destination). Students will also examine the structure and evolution of imports. Finally, students will do the same with global capital flows. Here, the focus is on disaggregating the kinds of inflows and outflows (short and long-term, direct and portfolio investments, state and private, bank and non-bank) and likewise their global pattern (origins and destinations by region and nation). Special attention will be devoted to the concrete South Korean economic interactions with the United States, European Union, Japan, and China, respectively. Finally, we will seek to combine theory and the empirical record. Here the goal will be to enable each student to reach some general conclusions about the current condition and prospects for the South Korean position in the world economy

Services Marketing (Prerequisite: Principles of Marketing)
Discussion on the differences between the marketing of products and services; characteristics of services segmentation, positioning, and target market selection for service markets planning and developing of the services marketing mix.

Organizational Communication (Prerequisite: Principles of Management)
The course will introduce students to communication theory, and explore the methods and tools that organizations use to communicate to their stakeholders. Theoretical concepts about communication will serve as a foundation for exploring the planning and management of internal and external organizational communications in small group, organization wide and mass media contexts. This course considers the relationship of organizational mission, employee values, organizational cultures, and motivation. Both formal and informal communication networks are studied as they pertain to appropriate use of media to communicate with employees or volunteers. Students examine case studies showing proactive employee information efforts.

Managerial Accounting (Prerequisite: Financial Accounting)
Students are introduced to the basic concepts and techniques of managerial accounting. This includes the preparation of a master budget, the recording of costs using a variety of methods (Job-order, Process costing and Activity-based costing), and cost-volume-profit analysis. Standard costing techniques and managerial reports are also discussed.

Principles of International Business
The student is introduced to the language and terminology of international business and major international political and economic policies that affect modern international businesses. Special attention is given to fundamental concepts of international business; reasons for international business and the attractiveness of international business for firms including a discussion covering the nature and characteristics of MNEs as well as specific issues like international finance, international production, international marketing and international human resource management.

Financial Management (Prerequisite: Financial Accounting)
Students are introduced to the structure and financial challenges of business enterprises. This includes methods and instruments available for promoting, financing, re-capitalizing and re-organizing business enterprises and social control of security issues and exchanges. And, time value of money, risk and return tradeoffs, security valuation and working capital management will be examined. Principles of Marketing The meaning, assumption, concepts, roles and functions of marketing, marketing structure, process, segmentation, target markets, consumer behaviors, marketing mix, marketing research, and marketing environment

Financial Accounting
Students are introduced to the basic concepts and techniques of accounting including the accounting cycle and financial statement preparation. This includes an analysis of business transactions, their recorded changes in the five basic accounts (assets, liabilities, equities, revenues, and expenses) in the relevant journals and ledgers, and the preparation of the balance sheet, income statement and cash flow statement.

International Marketing (Prerequisite: Principles of Marketing)
Students are introduced to the role of international marketing management in a market economy within the context of the modern organization to include an analysis of the global business environment and its impact on international marketing, including market segmentation, target market selection, product positioning, consumer behavior, product, pricing, distribution, and promotional strategies for a variety of products and services in the context of international marketing.

Human Resource Management (Prerequisite: Principles of Management)
Students are introduced to the critical issues, concepts and functions of human resource management. This includes such important areas as planning, staffing, training, career development, performance evaluation, promotion, compensation, discipline, termination, labor relations, merit increases, incentives and employment law for national and international employees

Consumer Behavior (Prerequisite: Principles of Marketing)
The study of consumer behavior, the role of consumer behavior within the marketplace and in the company’s marketing strategy; an examination of motivation, perception, personality, learning and attitudes and impact on the purchasing decisions of consumers.

Marketing Research (Prerequisite: Principles of Marketing)
This course covers the fundamentals of business research activities designed to determine potential demand for products and the effectiveness of various communication (marketing) efforts to enhance this demand. Key issues covered include the efficient design of research efforts and valid inferences that can be drawn from research results

International Strategic Management (Prerequisite: Principles of Management)
This course will proceed sequentially through three levels of analysis The first level is an introduction to strategic management through two prevailing models; the industrial organization model (I/O) and the resource based model. The second part of the course focuses on strategy formulation. The final part addresses strategy implementation. The goal of this course is to explain the strategic management process through a practical analysis of strategic management cases.

Intermediate Accounting I (Prerequisite: Financial Accounting)
Generally Accepted Accounting Principles related to the valuation of assets, both tangible and intangible, and standard liabilities such as notes and bonds payable. Special emphasis is placed on the convergence of Korean, U.S., and international (International Accounting Standards Board) financial reporting rules.

Business Research Methods (Prerequisite: Probability and Statistics)
Introduction to all aspects to searching and documentary research from a library, inter-library and electronic information service system, and writing a research paper. A study of process of generating data and information for decision making; emphasis made on research design: exploratory, descriptive and causal; methodologies in measurement and scaling, sampling and field work; basic parametric and non-parametric techniques of data analysis.

Global Finance and Investment (Prerequisite: Financial Management)
Modern corporate finance, theory and application on the use of finance in corporate decision making; the principles and practices of international finance; the development of financial decision in multinational business including foreign investment, foreign affiliate financing, taxation, cost of capital, international capital structure, currency and exchange rate with major emphasis on the international financial markets.

International Accounting II (Prerequisite: International Accounting)
I.A continuation of International Accounting I dealing with international financial reporting rules for complex corporate liabilities such as lease, pension, and income tax obligations. This course also covers reporting rules for residual (owners’) equity in business enterprises and periodic summary operating measures such as earnings per share in the context of complex capital structures.

Operations and Production Management
This is a course that focuses on the major managerial issues in manufacturing management and the tools that can be used to manage them. Special attention will be given to project management, including PERT, critical path scheduling, and time-cost models, in operations management and other business settings. The major operations management issues are quality management and control, capacity management, plant location, layout and design, production planning and scheduling, supply chain management and inventory management. The analytical tools covered include queuing theory, statistical quality control, linear programming, and learning curves. Where appropriate the use of operations management techniques in service and distribution organizations will be demonstrated.

Organizational Behavior (Prerequisite: Principles of Management)
This course introduces students to many of the basic principles of human behavior that effective managers use when managing individuals and groups in organizations. These include theories relating to individual differences in abilities and attitudes, attribution, personality, motivation, group dynamics, power and politics, leadership, conflict resolution, organizational culture, and organizational structure and design, organizational development and management of change within an international environment; effects of external environment on organizational behavior.

Promotion (Prerequisite: Principles of Marketing)
Objectives, strategy and overview of promotional management, types of interaction in the promotional process, role and importance of promotion in domestic and international markets, budgeting and controlling of the promotional mix

Current Topics in Accounting and Finance
This course covers selected topics of current interest in the areas of accounting and finance, such as changes in accounting rules and regulation and the evolution of international financial markets in response to changes in global economic conditions.

Current Topics in Management
This course covers selected topics of current interest in the field of management, particularly changes in the state of the art in managing global operations.

Current Topics in Marketing
This course covers selected topics of current interest in the field of marketing such as changes in the state of the art in global branding and distribution systems.

Entrepreneurship (Prerequisite: Principle of Management)
This course considers the requirements for the creation of new business enterprises, including issues in product innovation, production facilities, market evaluations, and access to start-up capital.

International Business Law
This course surveys trends and practices that are part of the process of adjudication and arbitration across national boundaries. Students study the legal frameworks which govern interrelationships among countries, business oriented firms, individuals and other organizations attempting to operate internationally. Course content focuses on transnational business activities related to the utilization and mobility of goods, labor, production and resource capability, money, national and international regulations and laws.

Project Management (Prerequisite: Principles of Management)
Step-by-step management of business projects, marketing projects; production, resource management, calculation of the socio-economic cost effectiveness of environmental projects; evaluation of project efficiency and effectiveness

Supply Chain Management and Channels of Distribution (Prerequisite: Principles of Marketing)
An analysis of the role of logistics in the company’s marketing mix; a detailed look at the major areas of logistics management namely-inventory location, warehousing, inventory control, order processing, material handling and transportation, the interactions between logistics functions examined from a “total cost” perspective. Included is the nature, objectives, systems, and organizational aspects of physical distribution: the planning, implementing and controlling the physical flow of products to local and global customers; case study of major physical distribution costs, responsibility, and problems of transportation and customer services

Taxation (Prerequisite: Financial Accounting)
This course covers basic forms of governmental taxation on property, transactions, and most importantly personal and business income. Key issues considered include the timing of revenue and expense recognition for income tax purposes, general rules for the taxation of income derived from international business transactions, and the importance of bilateral international agreements (tax treaties) in the conduct of international business.

Independent Study
This course is designed to give senior students, who are able to research independently, the opportunity to study certain topics in international relations supervised by a faculty member. Students who choose topics the curriculum does not contain will consult with a faculty member who is specialized in the particular area. Students should have a permit from the faculty before registering this course. Faculty should decide if the independent study is appropriate for the subject.

KAC Internship
Students are provided with experience-based learning opportunities in international relations settings either in for-profit, non-profit or government organizations. Interns apprentice 120 hours per semester (12-15 hours per week for 10 weeks) and gain 3 hours of credit per semester for three semesters depending on the level-of-effort by the student. Intern applicants are interviewed by host organizations for these educational experiences. Total: 9 credit hours.

Study Abroad Program
Students are provided with the opportunity to experience foreign cultures, people, life style, language, and institutions for summer or winter.

Thesis Writing
This capstone course in the English program, for seniors or juniors with an accepted thesis proposal, is designed to improve the research, analysis, citation, editing, and academic honesty skills necessary to complete the KAC thesis project as well as future or graduate-level writing projects. Students will be expected to refine their topic, conduct appropriate research, and make significant progress in the writing of their final thesis.

This course is designed to develop analytic skills and English writing capacity in the area concerned. Students should submit the thesis and have an oral defense with committee members.

Internship Program (II)
This course is designed to provide students with an invaluable experience in international arena. Students will work for a semester as interns. Students will earn 15 credit hours if they work at least 6 hours per week for 16 weeks, or equivalent hours.

KAC Community Service I
Students will serve their communities, NGOs, or international organizations. Students should serve at least 32 hours to be accredited.

KAC Community Service II
Students will serve their communities, NGOs, or international organizations. Students should serve at least 32 hours to be accredited.

Career Paths
Educational Goals
Through the study of International Business at Keimyung Adams College, students become prepared for an occupational career in the international Business field. Students who pursue a specific career goal receive advice from KAC faculty members regarding the courses which are related to the respective work field. For this purpose we have set up a list recommending courses for students with a concrete idea of their occupational future.

Courses in the IB Curriculum Related to Certain Career Paths

Career Opportunities after Graduation International Management Specialists Accounting/Finance Specialists Management Strategists  Marketing Specialists
Example: CEO of MNE, Country Manager, International Market Analyst, Localization Specialist, etc.  Examples: CFO, Accountant, Accouting/Financial Consultant & Analyst Examples: Strategic Management Analyst and Consultants. Project Manager.  Examples: Sales Specialist, Promotion, Advertisement, Marketing Manager & Consultant. 
4th year Current Topics in Management Current Topics in Accounting and Finance Current Topics in Management Current Topics in Marketing
Entrepreneurship Project Management  Entrepreneurship Supply Chain Management and Channels of Distribution
International Business Law Taxation International Business Law  
Project Management    Project Management   
Supply Chain Management and Channels of Distribution   Taxation   
3rd year Human Resource Management Intermediate Accounting 1 Human Resource Management International Marketing
International Strategic Management Global Finance and Management  International Strategic Management Consumer Behavior
Business Research Method Intermediate Accounting 2 Business Research Method Marketing Research
Operations and Production Management    Operations and Production Management  Business Research Method
Organizational Behavior   Organizational Behavior Promotion
2nd year Managerial Accounting Managerial Accounting Managerial Accounting Managerial Accounting
Principles of International Business   Principles of International Business Principles of International Business
Financial Management Financial Management Financial Management Principles of Management
Principles of Management Principles of Management Principles of Management Principles of Marketing
Financial Accounting Financial Accounting Financial Accounting  
Principles of Marketing   Principles of Marketing  
1st year Business Application Business Application Business Application Business Application
Christian Ethics & Globalization Microeconomics Christian Ethics & Globalization  Microeconomics
Ethics of Global Leaders Macroeconomics Ethics of Global Leaders Macroeconomics
Microeconomics Probability & Statistics Microeconomics Principles of International Economics
Macroeconomics   Macroeconomics Probability & Statistics
Principles of International Economics   Principles of International Economics  
Probability & Statistics   Probability & Statistics  
Contemporary Issues in International Business   Contemporary Issues in International Business  
Organizational Communication   Organizational Communication Service Marketing
      Organizational Communication
Paul Hanley International Business Law