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2020-02 10

[Special]As You Are the Flower of Today

Literature appeals to modern people who suffer from constant fatigue and stress, as it provides a healing experience with empathy. Here is Kim Ye-won (Department of English Education, '18) who recently published her book of essays, You Are the Flower of Today, which builds upon the famous poet Na T’ae-ju’s poetry. Kim Ye-won (Department of English Education, '18) recently published her first book of essays, You Are the Flower of Today. You Are the Flower of Today is a book that consists of Kim’s essays along with Na’s literary work and illustration. Na is a poet who is well-known for his poem Flower. The essayist delineated Na’s poems through her lens, expressing her own emotions and experiences. “Literature is always there whenever you need it,” stated Kim. The essayist wrote down her experience of consolation after appreciating Na’s poems. “I wanted to deliver a positive impact to my readers,” said Kim. “Just like what I received from Na’s poems.” The collaboration of the two co-authors gives a sense of kinship beyond the age gap of 50 years. You Are the Flower of Today is a collection of poems and essays which provide a sense of kinship between the two co-authors. (Photo courtesy of Sigongsa) Kim’s works are mostly based on her experiences as a Hanyang student. “Hanyang is where I cultivated my set of values,” recalled Kim. In particular, what the English Education graduate learned in her English literature courses has influenced her response to literature. “I went beyond understanding meaning, associating literature to my life,” said the author. People have no choice but to live in the wheel of everyday life. Kim flashed back to her experience when preparing for the teacher certification examination. What Kim did was to make a slight change. “A shift of viewpoint provided new value to the obvious,” said Kim. “It was an opportunity to realize the importance of things that we take for granted.” “Although a literary work is written by a certain author,” said the essayist, “what the piece reflects is everyone’s story.” Kim stated that every life deserves respect and acceptance. The co-writer added that everyone is doing a big job as they influence one another. Kim seeks to encourage everyone who is living their today through You Are the Flower of Today. Kim stated that You Are the Flower of Today reflects everyone's story. She added that every life deserves respect and acceptance. The essayist—who has just finished her maiden work—admitted that it is not an easy job to publish a book of her own. However, Kim stated that she received more energy by communicating with the readers through SNS. The writer showed her will to publish a new book in the future. Kim stated that she earned energy from her readers' feedback. It will be a driving force for her next piece of writing. Youth is not a time of life, but a state of mind. Kim's essays are providing value in everyday life overcoming the agony of youth. Oh Kyu-jin alex684@hanyang.ac.kr Photos by Oh Kyu-jin

2020-02 01

[Special]Startup Support Foundation Hosts 247 Startup Dome Demo Day

Hanyang University’s Startup Support Foundation hosted its biannual 247 Startup Dome Demo Day on January 31st at the Di Nozze Convention Center in Wangsimni. This year, 19 teams presented their startup’s progress during the past year and their business strategy for the future in front of professors and fellow dorm mates. Startups of various fields attended the day’s event including apparel, education, healthcare, and mobile applications. Teams were given ten minutes to pitch and answer questions from the audience during the 247 Startup Dorm Demo Day. The 247 Startup Dorm is a dormitory for young entrepreneurs who want to start their own business located on the fifth floor of the first Student Residence Hall in Hanyang University’s Seoul Campus. The dormitory is managed by the Startup Support Foundation and is comprised of three-person dormitories, a co-working space, and meeting rooms. Students selected by the foundation get to reside in the dormitory as they are offered a room, a chance to attend startup classes, and receive exclusive mentoring by specialists. Teams can stay in the dormitory for a period of two years. The name 247 symbolizes the 24 hours a day, seven days a week spent by young entrepreneurs in order to build their businesses. Choi Jong-bong (Department of Biomedical Engineering, Doctoral Program) is the CEO of AIMD (Artificial Intelligence Medical Device) Inc., a startup that designs medical equipment. “Being in an environment surrounded by people building startups creates synergy in itself,” said Choi Jong-bong (Department of Biomedical Engineering, Doctoral Program), the CEO of AIMD (Artificial Intelligence Medical Device) Inc., a medical equipment startup that designs a laryngoscope which uses artificial intelligence to assist in the process of respiratory tract insertion within patients. “The dormitory also allows us to save time on traveling, allowing us to take systematic action.” AIMD has already developed its product and is waiting to introduce it to the market. The company’s initial goal of achieving sales of eight billion won still stands, and AIMD seeks to sell its product in the global market in the future. Choi Moon-jo (Department of Physics, 4th year) is the CEO of Maronmav, an online education platform that offers computer coding classes. On the other hand, Choi Moon-jo (Department of Physics, 4th year), the CEO of Maronmav, an online education platform that offers computer coding classes, said that the mentoring support offered by the 247 Startup Dorm was important in that there were designated professors who would be in charge of their business who were able to have a deep understanding of the startup. “It is important to get a chance to be absorbed in one’s work,” said Choi. “I liked the fact that we were able to work even after a day’s work at the office. We didn’t have an office at first, and the dorm became our office, a garage for our garage startup.” Maronmav has met its 2019 goal of capturing 8 percent of the engineering education maker market and offers its platform to around 300 schools. Today's pitch was Maronmav’s last presentation as a member of the 247 Startup Dorm because the company’s two-year contract is near its end. The company plans on expanding its business to three additional developing countries and raise its market dominance in Korea's education sector to 20 percent. “Other than the 247 Startup Dorm, there are programs within the school for improving students’ competence in the startup environment like systematic startup education, various training and networking programs, and infrastructures,” said Ryoo Chang-wan, the head of the Startup Support Foundation. “We would like for individuals to actively use these programs according to their current situation and goals.” The Startup Support Foundation plans on promoting autonomous student councils to create seminars and special lectures by former dorm residents that have graduated. The foundation also plans on expanding its global startup mentoring group that was limited to the Silicon Valley in California, United States, to China and Vietnam starting in February. This expansion will allow students to get hands-on experience in locations regarded as startup hotspots. Jung Myung-suk kenj3636@hanyang.ac.kr Photos by Lee Hyeon-seon

2020-01 23

[Special][HYU High] Hanyang’s 2019 Achievements and Issues

Since its inception, Hanyang University has established itself as one of Korea’s most prestigious private universities by overcoming constant challenges. Under the recent slogan, ‘The Best for a Better World,’ Hanyang has continued its challenge of becoming a university that ‘serves to make the world a better place,’ and, to become ‘a prestigious university in the world.’ In the face of new challenges in 2020, we would like to take a look back at the 2019 year of Hanyang University to share in its achievements and key issues. The 80th Anniversary of Hanyang University Hanyang University, which was established in 1939 as the Dong-A Engineering Institute under the philosophy of ‘Love in Deed and Truth,’ celebrated its 80th anniversary last year. Under the founder’s will of ‘serving the nation through technology,’ the 330,000 alumni that Hanyang University has fostered played a key role in the Miracle on the Han River and has served as the engine of Korea’s growth. Today, we are making efforts to make the world a better place across the world, beyond the borders of this country. To celebrate the 80th anniversary, Hanyang University held various events, such as the outdoor performance La Traviata opera at the Amphitheater in Seoul Campus and an exhibition at Hanyang University Museum which presented the 80 year story of the university’s development. In addition, in order to transform the Hanyang University campus into an international academic exchange venue, Hanyang opened international academic conferences during the past year, such as the 80th Anniversary International Academic Event Promoting the Voice-Language Recognition Science Lab, The Global Symposium on Population Aging and Low Fertility, The 5th International Conference on the Interface between Statistics and Engineering, The International Conference for Advanced Cathodes in Lithium & Sodium-Ion Batteries, and more.These conferences were a great opportunity for many prominent scholars at home and abroad to visit Hanyang University, freely discuss academic issues, and witness the developments that Hanyang has made. ▲ Outdoor Opera La Traviata ▲ The 5th International Conference on the Interface between Statistics and Engineering The Inauguration of the 15th President Kim Woo-Seung In February of 2019, Professor Kim Woo-Seung (College of Engineering Sciences, Department of Mechanical Engineering) was inaugurated as the 15th President of Hanyang University, creating a great change in the leadership of Hanyang University. In his inauguration speech, President Kim Woo-Seung expressed his intention “to establish a foundation for a new leap forward by inheriting the tradition of Hanyang University,” while emphasizing that he will “achieve innovation in the education·research·academic·industrial cooperation cluster that will lead global competition through the pragmatic academics of Hanyang University.” Awarded the Hongjo Order of Service Merit in 2011 for suggesting research·academic·industrial cooperation campus model, President Kim Woo-Seung, a specialist in Korea’s academic-intellectual cooperation, played a major role in Hanyang University ERICA Campus becoming the center of industry university cooperation in Korea. His inauguration as president is an opportunity for Hanyang to reach sustainable development through cooperation with corporations. ▲ The Inauguration of the 15th President Improvement in External Evaluations Hanyang University was ranked 150th in the 2019 QS(Quacquarelli Symonds) World University Rankings organized by the British university evaluation QS, from which Hanyang was able to reaffirm its reputation as one of the most prestigious universities in the world by continuing its upward trend in the external evaluation. ▲ QS World University Rankings: Hanyang University’s upward trend in rankings In addition, Hanyang University ranked 24th on the 2019 QS University Rankings for Asian Universities, confirming its status as one of the highest-ranking universities in Asia. In the specific fields of study, ‘Civil & Structural Engineering’ ranked 48th in the world and ‘Hospitality & Leisure Management’ ranked 50th in the world, proving that Hanyang University has been at the highest level of research and education in the world. Not only has Hanyang been prominent in its engineering fields, the university’s traditional asset, such as in ‘Chemical Engineering (61st in the world),’ ‘Architecture/Built Environment (63rd in the world),’ ‘Mechanical Engineering (69th in the world),’ ‘Materials Science (72nd in the world),’ but also by ranking in other fields from the humanities and social sciences, such as in ‘Modern Languages 98th in the world)’ and in ‘Communication & Media Studies (98th in the world).’ Furthermore, Hanyang University Seoul Campus was ranked 3rd, and the ERICA Campus ranked 10th on the JoongAng Ilbo University Evaluation, which is the most prestigious university evaluation in Korea. This marks the first time in Korea in which a university’s main campus as well as its branch campus have both placed within the top 10. 2019 Research Results : Artificial Muscle, 5G Autonomous Driving, HCR Hanyang University's research continued in 2019 and made a lot of achievements in the areas of future industries, which is an area of considerable value. On March 11th of 2019, Hanyang University and LG Uplus, a major telecommunications company in South Korea, demonstrated the world’s first autonomous, self-driving automobile using 5th generation (5G) mobile communication. This self-driving automobile (A1), made in cooperation with Hanyang University’s ACE Lab and LG Uplus, led by Professor Sunwoo Myung-ho, a well-renowned global authority in autonomous driving, succeeded in driving about 8 km in Seoul for 20 minutes. This experiment was conducted, not in a simulated test environment nor a suburb with few vehicles, but in a crowded urban environment, demonstrating the improvement in autonomous, self-driving automobiles and communication technology ▲ News report on the self-driving automobile demonstration <Captured from KBS News> While Hanyang University was showing off its technical skills with its 5G automatic driving demonstration in the field of self-driving which has the world’s attention, in another future technologies field, Professor Kim Sun-jeong of the Department of Biomedical Engineering led a team of multinationals including Professor Ray Bauman of the University of Texas at Dallas in the U.S to develop “sheath-run” artificial muscles. These artificial human muscles are up to 40 times stronger than natural muscles, and due to their relatively low production cost, they have the potential for commercial use. The results of the experiment were published in Science, the world’s top scientific journal. Moreover, Professor Sun Yang-kook of the Department of Energy Engineering and Professor Kim Ki-Hyun of the Department of Civil and Environmental Engineering were named Highly Cited Researchers (HCRs) for 2019 by Clarivate Analytics. HCRs represent the top 1% of researchers who receive the most thesis citations by other authors, which proves that the research of these two Hanyang University professors have great influence throughout the world. Professor Sun Yang-kook is one of the most acclaimed researchers of Hanyang University and has been named an HCR four times since 2016 in the material science field, specifically secondary batteries which are at the core of the development of the mobile industry. Professor Kim Ki-Hyun was selected as an HCR for the first time in 2019, but because he has been in the spotlight within the environmental field, his selection seems rather late. We would like to thank every researcher who has helped raise Hanyang University’s prestige with their outstanding accomplishments in 2019 and are looking forward to their wonderful performance across various fields in 2020. Building a Foundation of Integrated Research for the Future: MEB, IUCC, Hanyang Humanities Enhancement Center For Hanyang University, 2019 has been a year of building a collective research system that has the keywords “Convergence” and “Sustainability.” Under the Industry-University-Research Cooperation Foundation’s supervision, integrated research centers of three different characteristics were established for the first time in 2019: the Hanyang Medicine-Engineering-Bio Center (MEB Center) that conducts Life Science research, clinical research, and pharmaceutical development; Hanyang Industry-University Cooperation Center (IUCC) that focuses on constructing a university-led industry-academic cooperation platform; and the Hanyang Humanities Enhancement Center that promotes differentiated education and research models. Together these three centers based on the 4th Industrial Revolution allow for sustainable humanities studies. The leaders of each Hanyang MEB Center were chosen from the full-time faculty of the Colleges of Medicine, Pharmacy, Engineering, and Natural Sciences. The members at each center were required to be filled by at least five full-time faculty members from at least two different fields, including the field of medicine. Hanyang IUCC is organized mainly of the research teams from the fields of engineering and natural sciences, but researchers from other areas such as humanities, social sciences, entertainment and sports, and medicine were allowed to participate as cooperative researchers of integrated research. This makes more integrated research across various fields possible. In addition, the Hanyang Humanities Enhancement Center has made it possible for humanities to be at the center of academic integration in the era of the 4th industrial revolution by forming research teams composed of members of the humanities, social sciences, and entertainment and sports, and also by letting researchers of engineering, natural sciences, and medicine work together as co-researchers. ▲ Hanyang University EUV-IUCC Led an Industry-University Cooperation Forum 2019 Best University for CEO Cultivation According to a survey of the number of CEOs by graduating university, it was found that the number of enterprises run by Hanyang alumni is the largest with 10,213 companies as of December 2018. Hanyang also ranked 4th in the top 1,000 companies, 5th in the top 500 companies, and has remained in second to third place for seven consecutive years, maintaining its position in the upper rankings. Additionally, the result of the “practical academics” that we’ve been pursuing was made clear as Hanyang University ranked 1st in the number of alumni-led start-up companies which numbered 2,153. ▲ Number of start-up CEOs compared to other major domestic universities Declaring an Eco-Friendly Campus: Plastic-free Eco Campus Hanyang University’s activities for The Best for a Better World campaign continued last year. Following the lead of the Hanyang University Social Innovation Center, it continued social innovation campaign by not only adhering to the distinctions of the UN’s 17-Sustainable Development Goals (17-SDGs) but also by declaring widely that it will become an eco-friendly campus to help to protect the earth’s environment. In June 2019, Hanyang University and Greenfund signed an MOU to Build an Eco-friendly Campus and shared thoughts on conducting environmental campaigns to build an eco-friendly campus and cultivate talented individuals with informed knowledge of the environment through the sharing of environment-related research and technology information. Hanyang University announced that it will become a plastic-free campus by decreasing the use of single-use and plastic products on campus. Such activities are linked with students’ active participation, so the Student Union has opened a group called Environment Supporters for the systematic development of an eco-friendly campus. Hanyang University provided free tumblers to students to promote the plastic-free campus campaign, declared the 17th of every month Green Day, and continued environmental protection campaigns such as holding a contest to establish a more eco-friendly campus and asking on-campus businesses to use fewer paper receipts (issuing electronic receipts instead) in order to be the Best for a Better World. ▲ Plastic-Free Campus: Free Tumbler Give Away Campaign The year 2019 was a year to look back on our footsteps by celebrating the 80th anniversary of Hanyang University and a time when we gained momentum to become a more prestigious global university in the near future. Using our momentum, Hanyang University’s great challenge to make a better world will continue in 2020. Global News Team global@hanyang.ac.kr

2020-01 22

[Special]The Relationship Between Birth Control and Women’s Rights

Contrary to Korea’s rapid development that thrusted the country from a war-ridden land to a leading nation of the information technology sector, many people have expressed concern over the conservative culture of the hermit kingdom which has yet to follow its development. Sex and birth control are subjects of taboo—which have been regarded as things to be discussed behind closed doors. However, Kim Sun-hyung (School of Nursing, Master's Program) sees them as directly related to human health, which should be understood by both genders. In her recent book, We Don’t Know Birth Control examines these issues with an introduction to the history of birth control, the various methods of contraception, and women’s rights. Kim Sun-hyung (School of Nursing, Master's Program) worked as a nurse for 10 years before she became an editor for the book publishing company Param. “There are many diseases and difficulties regarding pregnancy, and many people express concern over having no choice but to give birth,” said Kim. “I think that bringing these issues out can improve society. Throwing away the humiliation that comes from this topic will make people take an active role in taking care of their health.” Working as a nurse for 10 years, Kim has seen many women in various stages of life. Teenagers, pregnant women, housewives and working mothers would lay down their worries to Kim and talk of their real-life issues. Kim was interested about how their lives and relationships with their families affect the society, which was why she started writing her book. Kim's We Don’t Know Birth Control published by Param (Photo courtesy of Param) The earliest records of birth control date back to the ancient Mesopotamian and Egyptian eras in 1850 BC. These records show that there were birth control methods that placed honey, acacia leaves, and crocodile dung in the vagina. At the time, people thought it would block sperm from entering the womb. On the other hand, the most widely used contraceptive device, condoms, were invented in the early 18th century. Unlike today’s latex condoms, they were at first made of linen or the intestines of young sheep. Thanks to Charles Goodyear’s invention of vulcanized rubber in 1844, its mass production become possible, which offered a cheap and safe solution to safe sex that is used to this day. There are other contraceptive methods such as birth pills and chemical shots. However, Kim said that people should always stay on the safe side by using condoms or female condoms with an additional birth control method when they have sex. She added that wearing a condom or a female condom is especially important because creating a physical barrier between sexual organs is the only way to prevent sexually transmitted diseases (STD) such as the human immunodeficiency virus infection (HIV). Kim now works at Param as an editor. She writes and translates books on women's health and human rights. Shifting to the topic of women’s rights and the ban on birth control, the author introduced a revolutionary incident that became a landmark for contraception and the rights of women. Griswold v. Connecticut was a 1965 case about the access to contraception in Connecticut, United States. Before the trial, Connecticut law prohibited anyone from using "any drug, medicinal article or instrument for the purpose of preventing conception." The Supreme Court invalidated the law as a violation to the right to marital privacy, which established a basis for the right to privacy with respect to intimate practices. Putting contraception in line with privacy enabled women to take care of themselves, allowing them to be in charge of their own bodies. “The right to reproduce and the right to choose for oneself are consequently the freedom not to give birth and the freedom to decide for themselves,” said Kim. “We need to recognize these things: ‘I have these rights,’ ‘I have the right to stay healthy,’ and ‘preventing conception is also my right.’ In a way, this is an act that takes responsible for ‘me’ in the future.” click to order a copy of We Don’t Know Birth Control Jung Myung-suk kenj3636@hanyang.ac.kr Photos by Lee Hyeon-seon Design by Oh Chae-won

2020-01 22

[Special]A Hanyang Student Co-Founded the Social Salon ‘Tobekant,’ Opening Another Phase of Discussion

Lee Jong-won (Political Science and International Studies) and Park Jun-su (Civil and Environmental Engineering), the founders of Tobekant, were surprised at a phenomenon that millennials (those who were born between the early 1980s and the early 2000s) and Generation Z (those who born in the digital environment between the mid-1990s and early 2000s) understand social and political issues only by reading the titles of news articles or from popular comments. Lee and Park wanted to make a center point that people can get information considerably and get along with people who share similar values. As a result, Tobekant, a social salon—which is a meeting to share one's own preferences and opinions on a certain topic—was born. ▲ Tobekant aims for ‘a meeting for current issues and news for the 2030 generations.’ (Photo courtesy of Tobekant) Tobekant began with a slogan of ‘a meeting for current issues and news for the 2030 generations.’ It holds meetings not only under the topics of current issues and politics, but also under love, business, start-ups, and movies. For more information, please refer to the website of Tobekant. The executive members of Tobekant provide an environment to share opinions freely after opening gatherings according to topics. There are no limitations such as occupation, age, or gender to be a member, but one has to keep the first principle of ‘listening to others carefully and unconditionally.’ Through unconditional attention, members share their thoughts. Adhering to the first principle forms an atmosphere that people can share their preferences and opinions. Lee and Park said, “Members can form shared thoughts, and it can further develop into a healing process to keep one’s composure.” ▲Members of Tobekant are speaking candidly with a mask. (Photo courtesy of Tobekant) One can see members of Tobekant wearing a mask within Tobekant activities. The ‘Mask Debate’ where people talk to each other with a mask is a special characteristic of Tobekant. Lee found out that people are hesitant to join a conversation on political and social issues after interviewing more than 50 people. He sought ways to cultivate an active debating culture. Inspired by a quote from Oscar Wilde: 'Man is least himself when he talks in his person. Give him a mask, and he will tell you the truth.’ He also gained inspiration from a TV show called the ‘Masked Singer,’ from which he made the ‘Mask Debate.’ ▲The founding members of Tobekant are Kim Hyeong-jun (Yonsei University Class of `15), Lee Jong-won (Political Science and International Studies Class of `04), Jo Hyeon-seok (Civil and Environmental Engineering Class of `04), and Park Jun-su (Civil and Environmental Engineering Class of `04) from the left. (Photo courtesy of Lee Jong-won) Lee and Park dreamed of starting a start-up while taking classes for around two years as convergence startup majors. They made their mind to open a start-up as they took an actual start-up workshop class by Professor Kang Chang-gyu (Startup Support Foundation). With the help of Professor Kang and their trials, their dream was boosted as the idea was chosen as a pre-startup package project of the Korea Institute of Startup & Entrepreneurship Development. Furthermore, the team of Tobekant was born last July as they scouted Jo Hyeon-seok (Civil and Environmental Engineering Class of `04) and their high school friend Kim Hyeong-jun (Yonsei University Class of '15). They will apply for the early startup package project when support from the pre-startup package ends this March. As a strength of Tobekant, Lee said being all-student founders is the one. “Since we are students who studied at universities that promote startups, we have the composure to fail, not to be impatient for success,” said Lee. Being all friends, their startup goals are trust and friendship, not success. A strong trust is a priority in any situation, and it could be found in their partnership agreement. In the document, it is written: ‘the ultimate goal of this Partnership Agreement is to make sure that the friendship of the four founding members is not damaged.’ Global News Team global@hayang.ac.kr

2020-01 20

[Special]YouTube Becomes a Field of Discipline

YouTube is a free video platform in which people around the world spend their pastime. It has become a vital part of people’s lives since the popularization of smartphones. Following the ripple effect of YouTube, influencers started to earn unprecedented profits through the platform. Here is Kim Eun-jae (Department of Media Communication, Master’s Program) who reflected this phenomenon into a field of study. Kim Eun-jae (Department of Media Communication, Master's Program) studied how YouTube influencers earned their profits efficiently. (Photo courtesy of Google) Kim published a paper titled 'A Study on Advertising Effect Depending on Type of Information Source and Displaying of Economic Support in Influencer Marketing: Focusing on YouTube' on the Journal of Digital Contents Society. The paper has received some media attention as it was selected as one of the most read papers in DBPia – Korea’s largest multidisciplinary full-text database platform for journal articles – last year. “The research was conducted to seek the difference in advertising effects as spending patterns in legacy media and new media vary,” said Kim. With the help of Professor Whang Sang-chai (Department of Media Communication) as a corresponding author, Kim analyzed the advanced studies and made a survey based on two criteria – whether the influencer is a celebrity and whether the economic interest emerged in an explicit way. The status of the influencer did not show a significant difference in the advertising effect. Kim attributed this to the communicating feature of new media. “I expect that both being familiar with the audience contributed to the undistinguishable result,” explained Kim. However, the overtness of advertising had a prominent effect. “As Personal Media gained popularity, sponsorship indicates one’s standing as an influencer,” said Kim. “This result was against our expectations, rather meeting the forecast of Great Library – a famous YouTube content creator.” Kim found out that influencers received more profit by showing off their sponsorship to subscribers. (Photo courtesy of Kim) Kim recently made a follow-up study on YouTube subscriptions. “Demanding ‘Like’ and ‘Subscription’ explicitly has become a culture as it is deeply related to the profit model,” said Kim. “I was curious about how people wear out on this phenomenon and cancel a subscription.” Some say that you can find something truly important in an ordinary minute. Kim is expanding the horizons of academics as he explores what pass by casually in their daily life. Oh Kyu-jin alex684@hanyang.ac.kr

2020-01 18

[Special]Hanyang University’s Members-Only Bank That Seeks to Help Students Financially

Pursuing higher education can be quite challenging for college students, especially for people who are having difficulties making ends meet. According to a 2019 report by the Organization for Economic Co-operation and Development (OECD) on education, tuition fees in independent private tertiary institutions were on average $8,760 for bachelor degree programs per year, placing Korea in fourth place among OECD countries with the highest tuition fees. Hanyang University’s Kidaribank, a members-only bank that is run by students, seeks to alleviate financial pressure by offering quick loans, education, and various services to Hanyang University students. Founded in 2015, Kidaribank has 20 to 30 executives and around 235 members. The organization is not an ordinary bank, as it is actually a club that offers loaning services exclusively to Hanyang University students. Kidaribank also does not require background checks or financial statements from clients when they grant loans. Instead, collateral is based on the status of the loaner as a Hanyang University student, and the plans they submit on how the money will be used. Kidaribank seeks to create an impact on society as members are not only offered financial support, but are also educated on financial management and other highly-sought-after job skills, such as Microsoft Excel and the programming language R that will help them become financially independent. Kidaribank’s official logo (Photo courtesy of Lee) In order to become a Kidaribank member, applicants must friend the bank on Kakao Talk’s Plus Friend and submit their information. Regardless of nationality or financial status, one can become a member as long as they are currently enrolled in Hanyang University or are taking a leave of absence (visiting students from other universities are not eligible). Members are required to make a minimum investment of 10,000 won ($8.6). The money invested reflects how much a member can loan from the bank, with the maximum loan being 10 times the amount that the member invested in the bank. Kidaribank currently offers one fund called ‘short-dari,’ which means short legs in Korean (the opposite of kidari, long legs). The fund lends members a maximum of 300,000 won and is without interest. However, members are given the chance to donate an ‘autonomous interest,’ a policy in line with the bank’s objective to create social impact that seeks to help students financially. (From left) The chairman of the board of directors Lee Jae-hyuk (Department of Sociology, 3rd year) and a former chairman of the board of directors Kim Min-jae (Department of Financial Management, 4th year) of Kidaribank In order to apply for the loan, members need to download the application at the Kidaribank Kakao Talk page, fill it out, and send it to shortdarifund@gmail.com. The application is currently offered in Korean, but one can chat with an executive through the Kidaribank Kakao Talk chat room, who will then offer assistance in filling out the form. Once the application is submitted, applicants will be evaluated non-face-to-face, based on the applicant’s plans on how the loan will be used. After this step, applicants will be interviewed by an executive, face-to-face. During this interview, new members will be also educated on their newfound status as a member. Loans can take up to a week and are to be paid back in six months. Overdue payments have a penalty of 1,000 won per month. “What Kidaribank really wants to do is to not only lend people 300,000 won, but to also promote the idea that this place creates social value by lending this money to Hanyang University students,” said Lee Jae-hyuk (Department of Sociology, 3rd year), the chairman of the board of directors of Kidaribank. “Not only do we offer loaning services such as the short-dari fund, but we also offer financial management classes, late-night snack give-outs, and education classes on Excel, stock exchange, or R programming to members.” Kidaribank has also collaborated with companies such as Kakao and the National Credit Union Federation of Korea (NACUFOK). Through these memorandums of understandings, Kidaribank has offered installment savings programs with guest lectures with the objective to help members achieve their dreams. Starting in 2020, Kidaribank plans on offering loans for monthly rent and a ‘quick-dari fund’ that simplifies the process of applying for a loan and shortens the timespan between application and loan deposit. Pictured is Kidaribank’s general meeting with members, which is held twice a year. (Photo courtesy of Lee) Kidaribank’s influence is not limited to Hanyang University alone. Starting with Hanyang, the bank has expanded its services to the University of Seoul, Dankook University’s Cheonan Campus, and Konkuk University. The branches are managed independently by students of each university. “Kidaribank’s members need to increase in order to offer more loans for the organization to be something more than just a lending business,” said Kim Min-jae (Department of Financial Management, 4th year), a former chairman of the board of directors of Kidaribank. “There are more students benefiting from it than one thinks, as the funds are created by the accumulated investments of Hanyang University students, which is circulated and always helping someone.” Lee (left) and Kim are posing in front of Kidaribank’s office. Kidaribank is located on the fifth floor of Hanyang University’s Hanyang Plaza Building. Jung Myung-suk kenj3636@hanyang.ac.kr Photos by Jung Myung-suk

2020-01 15
2020-01 12

[Special]Startup Is a Stepping Stone to Success

People seek to relax and find satisfaction after the stressful moments of everyday life. Some may prefer to stay home, but others would prefer to involve themselves in social intercourse. As a consequence, the ‘social salon’ has gained popularity from people in their 20s and 30s. Here is Park Jun-soo (Department of Civil and Environmental Engineering, 4th year) and Lee Jong-won (Department of Political Science and International Studies, 4th year) who established a social salon startup named To Be KANT. To Be KANT is a social salon startup led by two Hanyang students, Park Jun-soo (Department of Civil and Environmental Engineering, 4th year) and Lee Jong-won (Department of Political Science and International Studies, 4th year). (Photo courtesy of To Be KANT) The social salon finds its roots in 18th century France. Intellectuals and artists would gather in a ‘salon’—which means room in French—and engage in discussions and debates. To Be KANT provided a contemporary definition of a social salon—a cultural space where people make gatherings depending on their tastes. The business started as a team project in one class in the Department of Entrepreneurship. “News curation was what we initially had in mind,” said Park, the co-founder of the company. “With the process of model verification, To Be KANT was launched as a social salon where people curate their ideas based on their preferences.” A social salon is a space of gathering in accordance with people's interests. (Photo courtesy of To Be KANT) To Be KANT holds get-togethers that deal with current affairs, film reviews, and pastime activities. The members meet in a dedicated space called ‘igloo,’ which implies warmth beneath the cold modern society. “The number one principle in To Be KANT is listening courteously,” said Lee, the other co-founder. “Our goal is to provide a field of communication that supports members to regain their mental composure.” Mask debate is a program that represents To Be KANT as a social salon platform. It is a get-together where participants wear masks and discuss controversial issues. The program was inspired by Lee’s experience as an intern reporter. “I was surprised to see my peers refrain from being dragged to social conflicts,” recalled Lee. Oscar Wilde’s quote—“Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.”—flashed across the CEO’s mind. After going through countless pilot tests, To Be KANT developed a unique type of mask debate with three players: the controller, speaker, and playmaker. The startup aims to set a stage for sharing divergent opinions, especially for the upcoming parliamentary elections. “We expect people to express their honest opinions on current events through their masks,” said Lee. Mask debate is a representative program in To Be KANT which lets the participants discuss controversial issues with their masks on. (Photo courtesy of To Be KANT) To Be KANT has benefited from the preliminary business launch package funded by the Korea Institute of Startup and Entrepreneurship Development. As termination of the support is forthcoming, the startup is planning to apply for the next step—the early-stage business launching package. To Be KANT is building up a portfolio to get support from startup accelerators as well. Park and Lee advised fellow Hanyang students not to be afraid of challenges. “The results might not work out as expected,” said Park, passionately. “However, we are improving day by day through numerous failures.” The two co-founders gave credit to their teamwork in overcoming these hardships. “We fully acknowledge our competence and each other’s roles,” said Lee. “It is a good opportunity to learn the fundamentals of business despite the slow pace.” To Be KANT is making progress as Park and Lee relish challenges with a strong partnership. (Photo courtesy of To Be KANT) The greatest glory in living lies not in never falling, but in rising every time we fall. The student CEOs of To Be KANT are boldly moving toward their dreams as successful entrepreneurs. Oh Kyu-jin alex684@hanyang.ac.kr Design by Oh Chae-won

2020-01 11

[Special]Kim Gun-woo, an Entrepreneur Who Saw Both Sides of the Startup World

In line with the Korean government's vow to increase support for venture firms, Hanyang University has been supporting young entrepreneurs as it has a fair number of venture firms that were supported through the school’s Startup Support Foundation. One such benefactor of the foundation’s program was Kim Gun-woo (Department of Electronic Engineering, ‘13), who referred to himself as a “serial business shutter.” He initially started with his first startup Bigfan, a sports magazine, and three more succeeding startups, which all failed to stay afloat. Nevertheless, instead of being dismayed, Kim led himself to new challenges. Today, he makes principle investments as part of an alternative investment team at a security firm in Korea. Having been on both sides of the startup world, Kim recently published Startup White Paper, which offers a guideline for future entrepreneurs by introducing readers to the dos and don'ts of creating one's own business. Kim Gun-woo (Department of Electronic Engineering, ‘13) has recently published Startup White Paper to introduce young dreamers into the world of startups. Kim dreamed of founding his own company since 2010, dreaming of success and large paychecks. He first thought of a sports season pass transfer platform that would allow people to sell and buy various passes including baseball, basketball, and soccer. Initially, the business seemed promising. He was selected by a government support program called "the 1,000 project" and was admitted into an incubating center to develop his business model. In 2012, Kim launched a sports magazine startup, Bigfan. However, two years later, Bigfan was shut down, to which Kim said it was inevitable, as it was his first business, and there were limitations to the assets and the number of employees he could acquire. Even after countless failures, Kim found opportunities in niche markets. Today, he uses his experience to find potential in startups as an investor. Despite Bigfan’s failure, Kim continued to pursue his dream to create startups. Kim created a matchmaking platform for startups called Buildup, which introduces people interested in startups with talent-seeking businesses. In 2016, Kim founded a real estate third dimensional modeling solution which allowed businesses to examine estates without having to travel to the actual locations. Although Kim was unsuccessful with his business pursuits, his experience was prized by investment companies when he decided to seek employment. In 2014, Kim went to the other side of startups, as a person who assesses companies instead of making them. Kim’s journey into this industry has had many obstacles, as he went through four jobs until he was employed by his current employer, Meritz Securities, late last year. Kim's Startup White Paper (Photo courtesy of Seulgi Books) Kim invites young entrepreneurs who want to create their own startup to start fast to do right away. He added that money is not an issue these days, compared to a few years ago, as universities and the government are shoveling in assets to give young dreamers with big ideas a chance. However, Kim warned that only 1 percent of startups are successful and the other 99 percent of people who failed need to prepare for another career. He also advised students to stay in school instead of dropping out like Mark Zuckerberg or Bill Gates, refraining from abandoning everything in order to pursue their dream. Kim shares his experience and feelings in Startup White Paper, which includes “the most basic information that people would definitely know when they create their own startup and go through the process in building their business.” “I hope that the number of cases where startups are evaluated as good companies increase in Korea and accumulate,” said Kim. “I bet my life on startups, and I wish others can grow with me.” Jung Myung-suk kenj3636@hanyang.ac.kr Photos by Jung Myung-suk

2020-01 09
2020-01 07

[Special]The First Day of 2020, Who Is on Campus?

The first day of a new year means holiday, that is, for most of us. For some diligent Hanyangians, the first week of January means time spent on campus for an early start of a fruitful year. As the saying goes, the early bird catches the worm. What are the early Hanyangians wishing to catch? The campus is already busy early into the new year. Which Hanyangians are staying on campus during the first week of January? The winter holiday has started, but Hanyang students' passion towards education continues. Jeon Ye-jin (Department of English Language and Literature, 4th year) stayed on campus during the first week of 2020 to study for the winter classes. "I will be preparing for graduate school next semester, so I wanted to take undergraduate classes while I'm less busy. Also, I plan to spend the holiday studying academic papers and books at the school library," said Jeon. Although she could not rest even during the new year's day, Jeon said that planning her future is more meaningful to her. "My new year's wish is to get accepted to the graduate school I wish to go!" said Jeon. Jeon Ye-jin (Department of English Language and Literature, 4th year) was one of the students who stayed on campus during the first week of 2020 to study for winter classes and prepare for graduate school. The Olympic Gymnasium is restless, even in the first week of January. Professors and students of Hanyang sports teams are practicing fiercely for this year’s upcoming tournaments. The coach of the Hanyang men's volleyball team, Professor Yang Jin-woong (Department of Physical Education) explained that there will be heavy training until the tournament starts in March. During the last three years with Yang as the coach, the volleyball team achieved remarkable records in various tournaments. However, last year, they closely missed the title of all-round champion. “Our 2020 goal is to win the all-round championship. Everyone in the team is practicing hard for it,” said Yang. The Hanyang men's volleyball team and their coach Yang Jin-woong (Department of Physical Education) are practicing on court for the upcoming tournaments during the first week of 2020. Over the holiday, some foreign students also decided to stay on campus. They were eager to spend a valuable holiday, attending Hanyang International Winter School or enjoying various activities in Korea. Okita Satsuki (Division of Tourism, 3rd year) was one of the students on campus on the first week of the new year. “Although I do miss spending the new year in my home country Japan, I wanted to have a meaningful winter break, so I stayed at Hanyang and joined volunteer activities,” said Okita. “In 2020, I wish to work hard on my linguistic skills. My goal is to pass the TOPIK (Test of Proficiency in Korean) L6 as well as the HSK (Hanyu Shuiping Kaoshi) L4.” International students also kept busy during the first week of 2020. Okita Satsuki (Division of Tourism, 3rd year) stayed on Hanyang campus to participate in volunteer activities. Even with less students, the campus needs many hands to be maintained clean and safe. Kim Sang-yun, one of the eight traffic attendants of Hanyang, was on duty during the first week of new year. "Working during the holiday season made me realize how hard-working the students of nowadays are. It was very good to see Hanyang students come to study with such bright eyes. I receive a lot of positive energy from them." Kim said his new year's wish is for his second child to go to the university they hoped for. "As for myself, I just want to become a better person with each passing year," he smiled. Many busy hands are keeping the campus safe and clean while the students are away. Kim Sang-yun, one of Hanyang's traffic attendants who was on duty on the first week of 2020, expressed that his work is very rewarding. The new year has started and Hanyang got off to a lively start. With each of the Hanyangians already eager to make the year 2020 better than the previous one, a brighter 2020 is expected for all of Hanyang's members. Lim Ji-woo il04131@hanyang.ac.kr Photos by Kim Ju-eun