Korea University Business School Acquires First EQUIS Accreditation

The Business School of Korea University (Dean: Jang Ha-sung) announced on March 4 that it had received EQUIS accreditation on March 2 from the European Foundation for Management Development (EFMD) in recognition of its international status as a business school. This is the first time this accreditation has been granted to a university in Korea.

Accordingly, Korea University Business School students will be acknowledged for credits acquired at Korea University when studying abroad at foreign universities with EQUIS certification.

The European Quality Improvement System (EQUIS) is a school accreditation system created in 1997 by the EFMD at the request of renowned European higher education institutions of management and business administration such as the London Business School, Bocconi University of Italy, and HEC Paris in France.

In order to be awarded EQUIS accreditation, an institution must pass evaluation in 11 categories including the size and competence of the faculty, education environment, quality of the curriculum, degree of internationalization, and interaction with the corporate world.

As of March, 2007, 105 institutions from 30 countries, including Korea University, have been awarded EQUIS, and some of the most prominent institutions include the University of Cambridge of the U.K., International Institute for Management Development (IMD) of Switzerland, INSEAD of France, and the University of Mannheim of Germany.

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