SK plotting ‘social enterprise’ MBA with Kaist

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SK plotting ‘social enterprise’ MBA with Kaist

SK Group Chairman Chey Tae-won has pledged to establish an MBA course focusing on social enterprise with the aim of fostering talented individuals to address social problems.

The group said yesterday it signed an MOU with the Korea Advanced Institute of Science and Technology (Kaist) to launch the MBA course next February.

“Existing profitable businesses have reached a limit in terms of what they can do to resolve social problems like unemployment among young people,” Chey said at the signing ceremony. “Young workers’ challenging spirit needs to be channeled into social enterprises to pave the way for breakthrough ideas.”

After turning the group’s maintenance, repair and operation (MRO) subsidiary into a social enterprise dubbed SK Happy Narae in March, Chey has been working at fever pitch to promote the importance of social enterprises. A social enterprise aims to serve the public interest by helping employ minority groups such as foreign immigrants, people with physical disabilities and the elderly. It creates strategies to return profits to society through various projects and channels.

In cooperation with SK, Kaist will launch a new MBA course for social entrepreneurs who intend to work for such social enterprises. The course will be divided into a core group of 20 students, each of whom have three to five years of experience at such a company, and a sub group of five students who have no experience but who hope to work at related NGOs and public institutions. The core group will receive full two-year scholarships provided they go on to establish social enterprises after they graduate, otherwise they will be liable to pay back their delayed tuition fees.
By Song Su-hyun [ssh@joongang.co.kr]

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