Director of team, Professor Chun, Cheong-ghi, senior in International Economics and Business Kim, Yoon-soo, receives the award from Minister of Knowledge Economy
Senior in Chinese Language and Literature, Jung, Pil-gyu, receives the commendation from the chairman of the Korea International Trade Association
1 million dollar export contract for 10 years, accumulated employment rate 87%
[Mar 2, 2012]
Director of YU GTEP Team Chun, Cheong-ghi (third from right) and award-winners
(Kim, Yoon-soo, recipient of the award from Minister of Knowledge Economy sitting in front)
The YU GTEP team won multiple awards. Professor Chun, Cheong-ghi (School of International Economics and Business) and two students who completed this team received the award from Minister of Knowledge Economy (Ministry of Knowledge Economy, MKE) and the chairman of Korea International Trade Association (KITA).
Recently, the MKE held the 4th Graduation Ceremony for GTEP (Global Trade Experts incubating Program) at COEX in Samseong-dong, Seoul. 600 students in 24 teams across the nation were given certifications under the name of the chairman of KITA.
At this ceremony, Chun, Cheong-ghi, director of the YU GTEP Team, was awarded by Minister of Knowledge Economy for his contributions in expanding exports for small and medium businesses, and contributing to overcoming the youth unemployment issue by achieving an 87% employment rate in a horrible job market while serving as the head of the team since 2009. In addition, Kim, Yoon-soo (24), a senior in the School of International Economics and Business received the award from Minister of Knowledge Economy, which is granted to the top agent, while Jung, Pil-gyu (24), a senior in the Department of Chinese Language and Literature, received the commendation from the chairman of KITA. 21 students of the YU GTEP Team also received certifications of completing the program.
Since being selected as a TI (Trade Incubator) by the MKE in 2001, the YU GTEP Team integrated trade theories with practical education and field experience to focus on fostering and supplying highly adaptable human resources specializing in trade. From 2007, it has engaged in the MKE's GTEP team.
It has also established industry-academic cooperation ties with over 40 small and medium businesses to provide them with expertise on trade. Moreover, they have been providing companies having difficulties in entering foreign markets and finding export channels by helping the participants in overseas exhibits and supporting overseas marketing activities. In result, at the Singapore Gifts & Premiums Fair held in July 2007, for the first time for a university student, they pursued contracts worth 355,000 dollars, while providing export consulting worth 8 million dollars the 2009 small & medium business Export Fair. In April of last year, the team participated in the '10th Foire de Paris' and achieved local sales worth 20,000 euros, while signing exclusive sales contracts in five countries in Europe. Students of the YU GTEP Team in the past decade directly contracted exports worth over one million dollars.
Furthermore, despite the poor job market, the accumulated employment rate since 2007 for the students in the team is at 87%, thus diligently fulfilling its role as an incubator for outstanding trade experts. Most of the students entered large conglomerates such as Samsung Electronics, POSCO, LG Innotek, GS Retail, Kolon, DuPont, and Louis Vuitton or institutes such as EXCO Daegu and the Daegu Credit Guarantee Foundation. Thus, over 70% of the students who completed the GTEP program are in fields that they prepared for.
On this, Chun, Cheong-ghi (49), director of the GTEP Team, said, "Taking the theories they learned in class and applying them on site to create outcomes at businesses through industry-academic cooperation helped students dreaming of going into trade was very helpful. The companies will also have benefited by the students who have expertise in trade and equipped with foreign language skills so that they can expand their business overseas." He also added, "As a win-win model for universities and companies, it will become established as a social infrastructure that strengthens the position of 'Export Powerhouse Korea'.
