Business Course Descriptions

1st year courses:

Financial Accounting I

The course is an introductory level of accounting for beginners who have no previous background. It focuses basic concepts, principles and procedures of financial accounting. It covers the determination and reporting of net income and financial position, and the theories underlying business financial statements. Students will learn accounting concepts and their application in transaction analysis and financial statement preparation.

Financial Accounting II

The course, as a second introductory level of accounting, focuses basic concepts, principles and procedures of financial accounting. It covers the determination and reporting of net income and financial position, and the theories underlying business financial statements. Students will learn accounting concepts and their application in transaction analysis and financial statement preparation.

Introduction to Business

The course introduces basic concepts and principles of business administration. Students will learn how business is operated and managed. It discusses various functions of business such as accounting, operations, marketing, finance, personnel, and information systems.

Introduction to Marketing

In this course, students will learn basic concepts and terminologies in marketing; the process of developing marketing strategy; the role of marketing activities within the firm; and the external influences that affect the development of marketing strategy. It emphasizes understanding of customer needs, consumer behavior, market segmentation, and marketing mix(product, price, promotion, distribution).

2nd year courses:

Management Information Systems

It explores how information technology helps to achieve competitive advantage and improve decision making, business processes and operations of firms. Topics include database as a foundation of business intelligence; the internet and wireless technology; enterprise applications including enterprise resource planning, supply chain management, and customer relationship management; electronic commerce and mobile commerce; and cloud computing.

Operations Management

Students will learn the operations or production function and the skills required for analyzing and solving related problems. The course familiarizes students with processes that transform inputs into finished goods and services. Topics include capacity planning, location planning and analysis, management of quality, aggregate planning and master scheduling, material requirement planning, and inventory management.

International Business

This course provides an overview of international business. It covers international dimensions of several functional areas of business, including management, marketing, finance, and human resource management. Topics include global trade and investment environment; global monetary system; and strategy and structure of international business.

Introduction to Economics I

The course deals with principles and introductory topics of economics. Topics of microeconomics covered in this course include market forces of supply and demand; efficiency of markets and externalities; and firm behavior.

Introduction to Economics II

The course, as a second course of introductory level of economics, deals with principles and introductory topics of economics. Topics of macroeconomics covered in this course include measuring a nation’s income and cost of living; savings and investment; unemployment; and monetary system and inflation.

Human Resource Management

It is an overview course of the personnel function in companies. It covers job analysis and evaluation; recruitment and selection; performance appraisal and compensation; training and career development; compensation and benefits; and labor relations.

Electronic Commerce

This course examines the concepts, technology, and applications of electronic commerce. It helps students to understand how to make profits from electronic commerce. The topics to be covered include internet business model, internet marketing, business-to-business e-commerce, business-to-consumer e-commerce, mobile commerce, online auctions, social networking, security, and payment systems.

Financial Management

Students can understand the finance function of companies. It covers the theory and techniques in acquisition and allocation of financial resources from an internal management perspective. Particular attention is given to cost of capital, investment decisions, management of assets, and procurement of funds.

3rd year courses:

Managerial Accounting

It focuses on using accounting data for managerial decision-making. Topics include product costing, cost-volume-profit relationships, profit planning, budgeting process, standard costing and variance analysis, and relevant costs for non-routine decisions.

International Trade Practice I

This course deals with the techniques and procedures involved in carrying out import and export transactions. Topics include trade contracts, transportation and logistics, methods of payment, marine insurance, dispute settlements, and e-trade.

International Trade Practice II

This is the second course to offer an opportunity to gain a general understanding on international trade practice. It discusses the basic concepts and the general procedures of international trade transaction as well as the rules of international trade practice. Students will learn Incoterms, which are trade terms commonly used in both international and domestic trade contracts. Incoterms, which is short for "international commercial terms," are used to make international trade easier by helping traders who are in different countries.

International Marketing

The course presents the impact of the international business environment on the development of marketing strategies and implementation. Topics include political, legal and cultural environment of global markets; assessment of global market opportunities; and development and implementation of global marketing strategies.

Enterprise Resource Planning

The course provides students with hands-on training on use of ERP(Enterprise Resource Planning). ERP is an enterprise software which is applied to various business functions including accounting and finance, materials management, sales and distribution, and human resource management. We will select one or two modules and learn how to use ERP systems in a computer lab.

Intercultural Communication

This course offers a basic introduction to intercultural communication and the key ideas of intercultural practices and strategies. It will also help students learn various perspectives on the nature of culture, language, communication as well as the relationship between them. Upon completion of this course, students will be able to cope better with miscommunication caused by cultural differences and apply intercultural communication principles in a global work environment.

4th year courses:

Strategic Management

This course investigates the concepts and techniques of strategic analysis and implementation at the business and corporate levels. Specific concepts examined include external environment and competitor analysis; core competencies and competitive advantage; merger and acquisition strategies; international strategy; and strategic alliances.

Asian Business

The course helps students to understand business environments in Asia. Topics include Chinese management systems, Japanese and Korean business groups, Japanese management style, competitive advantages of Japanese companies, managerial styles of Korean companies, and Chinese and Japanese negotiating styles.

Management Across Cultures

The course offers students a unique cultural perspective on the roots of organizational behavior and management around the world. It focuses on the influence of culture on management and management practices. Topics include cultural environment of business, communicating across cultures, negotiating global partnerships, managing ethical conflicts, and managing global teams.

Corporate Culture in Korea

The course helps students to understand corporate culture in Korea. Organizational culture encompasses values and behaviors that contribute to the unique social and psychological environment of a business. Organizational culture represents the collective values, beliefs and principles of organizational members and is a product of factors such as history, product, market, technology, strategy, type of employees, management style, and national culture. Culture includes the organization's vision, values, norms, systems, symbols, language, assumptions, environment, location, beliefs and habits. This course emphasizes Korean organizational culture.

Understanding Korean Industry

The course introduces Korean industry in detail. The industries in which Korean companies have succeeded include telecommunication, data, semiconductor, distribution, steel, shipbuilding, automotive, chemical industries. The course will present major firms in each industry and explain how the leading companies have grown up.