Student Report Name of the University: Yonsei University, Republic of Korea Exchange semester: Fall, 2013 I. PRACTICAL INFORMATION Before leaving Norway - After being nominated by the International Office at BI, it did not take long until I received an e-mail from the Office of International Affairs at Yonsei School of Business. The e-mail gave clear instructions on how to proceed with the application and there was plenty of time to prepare it. I had to get the hold of a letter of recommendation from a member of the academic staff at BI, write a statement of purpose (basically a letter in which I told why I wanted to study at Yonsei University), ask my bank for a bank statement and fill in an online application form which also had to be printed out. I then submitted these materials to the International Office at BI and waited for the results. After some time, a welcome package arrived at the International Office with further instruction on how to proceed. This package included documents which were required in order to apply for a visa. Applying for a visa - To legally be an exchange student in South Korea, you need to apply for a D-2 student visa. This is done at the Embassy of the Republic of Korea in Oslo. You will have to bring your student-ID card, your certificate of admission from Yonsei University, a valid passport, two passport photos (colour), a bank statement, a completed application form (available on the embassy’s website) and the application fee (300 NOK in exact change). You will have to leave your passport at the embassy for processing and it will be ready for pickup after 7 working days. - Upon arrival in Korea you will have to apply for an alien registration card which will be your identity card during your stay. You will receive information from the Office of International Affairs at Yonsei regarding this procedure. If you are planning to leave Korea during your stay, the ARC will be a document granting you re-entry, so no reentry visa is required. Travel - I travelled to Incheon International Airport, Seoul from Oslo via Amsterdam with KLM. The fare was about 10 000 NOK both ways. Another alternative is Finnair which may be more favourable in regards of travel time, but the prices may vary. At the time I bought my tickets, KLM was cheaper than Finnair. Housing - On-campus housing is available through three dormitory fascilities. Two of these are accommodating mainly international students and one is for Korean students. The two alternatives for international students are called International House and SK Global House. SK Global House, being the newest of the two dormitories, offer the most attractive facilities and is worth the extra money. Here you have the choice between single and double rooms. Applying for housing is a simple task if you are proactive, because in the second the application website opens, the most lucurative single rooms are going away fast. You will receive information regarding application period etc. from Yonsei (or visit http://ih.yonsei.ac.kr) I recommend that you submit your application in the very second it opens to make sure that you get a room. The rooms in SK Global House have private bathrooms, are well furnished, are equipped with air condition and floor heating and the single rooms also have a small refrigerator. You will not spend a lot of time in your room other than sleeping and some occasional studying (mostly done in the library or other places). The floors in the dormitories are separated by gender and somewhat strict rules are in place to ensure the well-being of the residents. If living in the dormitories is not a compelling option, there are rooms for rent around outside of campus offered by natives as well. International House has a lower standard and shared bathrooms on every floor. Single-rooms are not available. Costs - The cost of living in Korea is lower than in Norway, but it is not as inexpensive as in other Asian countries. However, it is possible to get by spending 20,000 KRW (around 120 NOK) or less a day. A meal at a typical Korean restaurant cost between 5,00010,000 KRW, so you will probably eat out every day. There are of course more expensive alternatives, but you will quickly learn what is expensive and what is not. Living on a tight budget is not difficult, as 850 won dining alternatives do exist. The housing fee for a single room in SK Global House will cost you 2,490,000 KRW. The rent has to be paid after you get admitted to the dormitory in July. Text books are between 30,000-50,000 KRW, but many courses do not require you to buy text books as lecture notes and articles are widely used instead. Transportation in Korea is inexpensive and convenient. The national T-money card system makes it possible to pay for subway, bus and taxi as well as other goods and services across Korea. (perfect when you travel outside of Seoul and can just jump onto the local bus without having to struggle with local ticketing systems and regulations). The subway will probably be your main mode of transportation and is a very modern and efficient system. One ride will cost you 1,050 won to start with, but additional money is deducted from your card upon leaving the station if you have been traveling a longer distance. Everything you need to survive is available on campus or in the nearby Sinchon neighbourhood, so you will not need to rely much on transportation. Taxis are very cheap compared to Norway and may be a lucurative alternative in certain situations. A taxi ride across the city will cost you approximately 15,000 KRW. Electronics tend to be as expensive or more expensive than Norway, but generally Korea is cheaper. Culture and language - The faculty at Yonsei University are mostly educated in the United States, thus they are confident speakers of English. Since you are going to follow courses conducted in English, the majority of the Korean students are proficient in English as well. Each class typically consist of only 3-8 foreign students, so expect to hear the Koreans speak Korean to each other when class is not in session. At Yonsei, each professor have one or more assistants (formally known as teacher’s assistant/TA) which will perform different administrative tasks. Some of these do not speak English which can be a bit frustrating, but the local students can step in and translate if necessary. There has been stories among the international students however, that some courses listed as in English are conducted in Korean instead, but this has as far as I am concerned not happened at the School of Business. Show interest in getting to know your Korean class mates and they will open up to you gradually. They will probably not take the first step, so if you are interested in getting to know the local students, you will have to make an effort. - - - - The majority of the Korean population do not speak English and will be hesistant to help you in many cases. Learning some useful phrases and expressions is very helpful in order to make the locals feel more comfortable interacting with you. Before you know it, they are trying to use the limited English they know to meet you half-way. Being one of the easiest and most intuitive writing systems in the world (hangul), learning how to read Korean require very little effort and is extremely helpful in your daily life in Korea. You can read restaurant menus, bus stop timetables, notices and advertisements to name a few. There are plenty of resources on the Internet which can help you with this. The most important things to learn are how to properly greet, say thank you, count, say numbers and ask for/order something. Since many words in Korean actually are English words written in Korean, only knowing how to read will make your stay in Korea a lot easier. Korean pronouncation should not be a big challenge for a Norwegian speaker. Korea is still in many ways a conservative culture and many cultural codes needs to be followed in order to show good behaviour. Prepare to do a lot of bowing, give and recieve money/card and other things with two hands (or with your left hand supporting your right elbow) and show modesty. This is especially important when dealing with the elderly who enjoy having a special status in society. There are also some rules for drinking and dining it may be useful to know about (the most important: do not pour your own drink). Foreigners in Korea are still not a common sight, so be prepared to be met with both suspicion and curiosity. Knowing how to communicate where you are from and what you are doing in Korea will be helpful to you. There will be time to explore Korea and Korean culture during your stay. In the first weeks after arrival, the school and the student community will offer to take you to different sights in or nearby Seoul in order to experience Korean history and traditions. You also have the opportunity to travel outside Korea during weekends and holidays as well as to other places in Korea. The chuseok holiday in early October is a good opportunity to go abroad as Seoul is emptied and many shops and restaurants close. A popular destination is Jeju-do (Jeju Island), which has its unique culture, history and unique scenery. Drinking and dining with friends and co-students is an important part of the culture. Working in group projects with Korean group mates let you experience this first handedly. After a work session, you might head to a restaurant, eat and drink and end the night in one of the many many 노래방 (noraebang/karaoke-rooms). II. ABOUT THE SCHOOL Please describe: - Yonsei University is one of the three SKY-universities (like the American IVYleague) in Korea and is regarded as one of the three best schools in the country (the others being Korea University and Seoul National University). Admission to Yonsei is highly competitive which is also reflected in the local students’ study habits. The Sinchon campus is located in the mid-western part of Seoul, north of the Han river. You are in walking distance of the popular and alternative Hongdae area (the area surrounding Hongik University) which feature live music performances and other cultural events on a daily basis. The closest subway stations are Ewha Womens University station and Sinchon station, both on the circle line (line 2), so getting to other parts of Seoul is not difficult. The university campus is surrounded by its closest neighbour, Ehwa Womens University and the Sinchon neighbourhood, the latter provides all kinds of entertainment for the student body. The university campus is quite large and do include faculty buildings for each department, a chapel, two big libraries, a student union building, a museum, a radio telescope, a forest and a park, a hospital complex, a milk company and dormitories. Walking from the dormitories and to the business buildings will take 10-15 minutes depending on weather and traffic conditions. Around 40,000 students are enrolled in a wide variety of programmes such as business, law, medical/dentistry and engineering, so the student body is significantly more diverse compared to BI. Being founded by American missionaries, Yonsei has close ties with the United States. Hence, the university is influenced by the North American university structure. Course registration - Course registration was done in the beginning of August, August 8th and was a stressful experience. From before, I had planned out and got approval from the International Office at BI on a list of courses. However, not all courses are conducted in English every semester, but this is not known until days before the course registration period. This led to a couple of problems, but I found sufficient replacements. Since I was nominated directly to the Yonsei School of Business (instead of to the university in general) a couple of advantages emerged. First, I got an e-mail from the coordinator at the School of Business giving me the opportunity to pre-register for 3 courses before everyone else. Speaking with other students later revealed that, as far as I know, no other than us from BI had got the same opportunity. Second, the limit on enrolling in maximum 3 business and economy courses is raised to 6 (students are restricted to maximum 3 courses at the School of Business and Economics each semester). This way it was much easier to get courses relevant to my studies. The main course registration procedure can be described as nervewrecking at best. The course registration opens at 10:00 Korean time, which meant that I had to sit ready before 03:00 in order to register for courses. The registration is performed online. First I had to make a wishlist with courses I wanted to enroll in. When enrolment opened at 03:00, I had to click at the course codes on the wish list one by one as fast as I could because the rest of the students were doing the same. In the registration session, courses are usually capped at 5 seats, which means that a lot of students end up without being enrolled after the first round of registrations. All seats in almost every course are gone in a split second. Happily, I had already 3 courses and needed only to pay attention to enrolling in 2 courses. It was held a second course registration session a week later which I did not participate in. If I had not been successful there, the last chance to enroll in a class is to personally ask the professor on the first day of class. From what I saw the first week, you could either be lucky and get accepted by the professor or you could not. Usually it depended on the classroom size constraints. - After the semester had started an add/drop period followed and gave us the opportunity to add and/or drop courses. After course registration I was signed up for 6 courses. To meet the requirement of 30 ECTS I only needed 5, so I dropped the course which had the highest workload and I was least interested in. A lot of seats opened up in different courses and students were able to get courses they had not got previously. The add/drop period lasted for 3 days, from September 4th to September 6th. Academic calendar Arrival date: First day of the semester: Last day of classes: Examination period: Any special events/holidays: Other: August 22nd September 2nd December 13th Dec 16th – Dec 21st Chuseok Sep 18th -20th National Foundation day Oct 3rd Hangul Day Oct 9th YonKo-jeon 26th-29th of Sep Arrival - The first point on the agenda after the arrival at the airport was getting to the dormitory to check in. The 6011 bus from Incheon Airport is an affordable and convenient alternative and stop not far away from the dormitory (Ewha Uni. back gate/이대후문). In order to check in, you have to submit sufficient proof of not being infected by tuberculosis. I took a skin test before leaving for Korea and submitted the result statement from the doctor upon request. After check-in there was nothing else planned, but it was useful to have the whole day to settle in as we had to get supplies like toilet paper and cleaning utilities ourselves. Getting a Korean cell phone number is also useful and the travel agency in the SK Global House plaza offer prepaid services from FreeC/Olleh. The day after arrival, the Office of International Affairs held an orientation meeting for all exchange students. Not much new information was presented, but it was the first gathering of exchange students. The Yonsei Global and Yonsei Mentors Club student clubs also held their orientations regarding their plans for the fall semester. They had a lot of things planned which we could sign up for. The activities the first week included sightseeing, company tours, different cultural activities and museums. For the rest of the semester, we could sign up for different sports teams, language exchange programmes etc. The orientation meeting culminated into being divided into Mentor Club cells, practising for the YonKo-jeon (see explanation further down) and then going out to eat dinner with our cell group. The first week gave a lot of opportunities to meet and get to know other exchange students. Since 90% of all exchange students also live in the two dormitories, it was also easy to keep in touch with each other, thus groups formed easily. Around the semester start, I joined a group going hiking in the Bukhansan National Park and went to the zoo in Seoul Grand Park to name a few. The extra days before the semester started felt like a mini summer vacation. The International Office - The Office of International Affairs gave sufficient information through e-mail before and during the semester. I never ran into problems during my exchange semester and did not need to seek additional assistance from them. Promoting BI and Norway - There was no events scheduled for promoting BI Norwegian Business School during the semester. However, Koreans and other exchange students showed curiosity about Norway, so there was a lot of opportunities to promote both the school and Norway in general. Social activities - Because everyone basically were in the same situation, not knowing anyone before coming to Korea, getting to know new people was simple. After the semester started - - we would usually meet up every evening for dinner and talk about our day, share our experiences and talk about our problems. There was always somewhere to go and people to meet up with every week, so the group of exchange students got along well. The native students was harder to get to know as they seldom open up for exchange students. Not many got to know native students very well, but if you showed interest and effort to get to know a native student, it sure was possible. Koreans are happy to answer questions about language, culture and history and will in most cases ask you questions about your home country and culture (usually just the aurora borealis and how cold it usually is). Group projects, which are frequently scheduled, are a good opportunity to get to know the native students. Two student clubs for native students, Mentors Club and Yonsei Global, have it as their goal to accommodate foreign students, so their members are usually easy to get to know. Getting to know other exchange students was easy, but getting to know native students was a lot harder, but possible. There are many activities throughout the semester to participate in. These activities are arranged by either Yonsei Global or the Mentor’s Club. The Office of International Affairs also offer different tours during the semester for those who are interested. The popularity of these activities vary. Personally I found it hard to keep up with all my academic responsibilities at the same time as participate in these social activities. Hence, I could not participate in everything, but did if something looked interesting and I did not have that much work due. Many other exchange students take a considerably smaller workload or courses with less demanding curriculums, thus have the time for these kind of activities. The biggest social event during the fall semester is YonKo-jeon (lit. Yonsei-Korea Uni rivalry games). This annual sporting event is a part of the peculiar rivalry between Yonsei University and Korea University. During the span of two days, the two universities compete in ice hockey, baseball, basketball, American football and football. The professor’s will accommodate this event and give less work leading up to the YonKo-jeon weekend. Prepare to buy T-shirts, towels, caps and other Yonsei merchandise and cheer for Yonsei at the Olympic Stadium for 8 hours straight. All exchange students are accompanied by the Mentors Club and Yonsei Global. The cheering songs and choreography we learnt during orientation is key to enjoy this happening. It is truly an event where you experience the true school spirit of Yonsei, a kind of spirit BI sadly lack. It can seem a bit strange (cheering squads and flag wavers, high-budget pyrotechnics and sound systems, etc.), but once you are immersed in all the cheering it just transforms into pure fun and joy. It stands out as one of the most memorable events during my exchange, and I do not even fancy sports that much. III. ACADEMICS In the classroom - How the courses are being conducted rely heavily on the professor. Two courses with the same course code and name may have differing curriculums and grading systems. For grading, an university standard do exist, but the professor is likely to use a different system to grade the students in his/her particular class. In one of my courses, the professor gave 40% of the class A+ (the 40% best) while 60% received a D, surely an extreme case, but it happens. - The teaching style of the professor’s are a lot more intimate than at BI. Your professor is likely to know you by first name and be interested in learning more about you. - Classes are a lot more theoretical than at BI and cater to the Korean way of learning. Mostly during the classes, the focus is on understanding different concepts, but at midterms and finals, more emphasize is on memorization of facts or cases from assigned readings and discussions in class and less is on discussing (with text) and applying concepts. But again, this is different from course to course. You will find the Korean classroom activities to be much more interactive than at BI. You are graded on participation and you will be asked to speak your mind during discussions and to answer questions during class. You will do fine if you are prepared and have read all required readings before class. The professor will lecture a great deal, but it is mostly not conducted as it is done at BI. Less time is spent with the professor just relaying information for you to make notes of and more time is spent with “classroom activities”. It is like being back in high school/upper secondary school. It was refreshing with a more intimate approach rather than the “assembly line” you sometimes feel you are a part of at BI. The level is about the same as at BI, but bridging between different diciplines in economy and business related topics is much more common compared to BI. Thus having the sufficient prerequesites is important. Some professors will refuse to explain different concepts to students who do not have the required prerequisites to understand the course materials. The workload at Yonsei is significantly higher than at BI. To meet the requirements of having 30 ECTS means that you have to take 5 courses in total. Having one more course to think about (rather than 4 at BI) can be stressful. The intimate setting of the classes make it important (the professors are not afraid of making an example of you in front of the whole class if it becomes evident you are not prepared) to do all readings and there are papers to write and presentations to prepare every week except during midterm and final weeks. Instead of having a final exam accounting for 100% of the grade, the different assignments during the whole semester is counting. 10% is usually participation and attendance (you will have to attend every class unless you want to lose credits — or fail the course), 20% is final exam, 20% is midterm exam and the 50% remaining is for papers, assignments and presentations. In retrospect, I actually like this way of conducting courses a lot more than the current practise at BI. Course materials - Most professors rely on PowerPoints or other kinds of electronic lecture notes. For required readings, some professors balance between academic articles and text books while others assign readings from articles alone. The professor might not expect you to buy the text books, so midterms and finals may be based upon lecture notes and articles exclusively. For my 5 courses, I only had to buy 3 books and they were rarely used. Exams - The midterm and final exams are based on all readings and classroom activities: text book and article readings, case readings, classroom discussions, lecture notes, PowerPoints and even subtle mentions during class. Much emphasize is put on remembering keywords and descriptions of concepts rather than discussions about these. Performing poorly at one of the exams are not fatal as other assignments may still grant you a passing grade. You will feel a bit stressed before you midterm exam having no clue about what to expect (no prior exams are available for students as they are at BI). - How the course was evaluated differs between courses and even between professors teaching the same course. Usually you will encounter these in at least one course: o Final examination in the form of a written exam (either multiple choice, essay questions or a combination). The duration of these exams are between 40 and 60 minutes making them quite intensive. You will have no time to plan your writing etc. o Mid-term examination is conducted in the same manner as the final examination. o In-class quizzes throughout semester. The professor might give a surprise quiz which will count on the final grade. However, the professor will notice you about whether or not these will be given or not during the first class (also written in the syllabus). o Assignments and papers are done individually or in groups. Some will take up to 1 hour to complete while some may be far more demanding in regards of complexity and research, 6-12 hours of efficient work. o Presentations are usually done in groups. If you have been growing up in Europe or in North America, doing these are a lot less difficult for you than for your Korean costudents if your English proficiency is good. o Class attendance is taken before every class begins. The importance of attendance varies from professor to professor, but usually recurring absence results in failing the class. Only one absence on record may also count negatively on your final grade. o Class participation is important. Make sure you participate in interaction with the professor at least twice during the semester. Being a foreigner (not looking Korean) make you stand out and attract attention from the professor, so it is easier to spontaneously enter a situation where you can get participation credits. o I did not personally have any courses with activities outside of the classroom, but I know some other exchange students who did this. Facilities, library and technology - The general fascilities of the school of Business and Economics were poor. Daewoo Hall is very worn out. Construction of a new building complex for the department is scheduled to begin early 2014. Being used to the standards of BI, this was surely a big downgrade. - The library complex (Samsung library and Yonsei Central Library) was an impressive facility housing lots of places to study and work in groups. The book and article collection is impressively big and borrowing and returning books is convenient. Because of its size, it is a lot more walking involved finding your books compared to the situation at BI. - Technology may be my biggest (if not the only) complaint about Yonsei University. Prepare yourself for outdated software and hardware solutions (although it all looks glossy and modern) and a printer/scanner/copying solution which is not practical nor user friendly. You do not have a user account and personal storage space stored centrally like at BI, but you will have to rely on carrying your data (USB flash storage etc.) around if you are not interested in carrying your laptop around on campus. The wireless internet connection is unstable and require additional software on your computer (Windows only). Mac users will experience an unstable connection in most areas. Korea’s reliance on ActiveX (Microsoft proprietary technology) haunts Mac users and Windows users alike and was a continuous issue discussed among the exchange students throughout the semester. Because of ActiveX, Internet Explorer is the only Internet browser supported by the university (and in Korea in general). Systems are usually not integrated and share data poorly if any at all. The Yonsei Portal system and YSCEC learning platform also seems antiquated in comparison to @BI. Description of courses ECO3112 — Korean Economy. Bachelor level. Approved as elective. Comment: A really interesting course which can not be taken anywhere else than in Korea. The workings of the postwar miracle economy, the democratization/liberalization period and the post-crisis economy of Korea is discussed in detail. The course gives an insight in the history of Korean development from a wide range of perspectives. It can although be very demanding and hard at times. The course consists of lectures two hours a week and classroom discussion one hour a week. Having a keen interest in the subject is important because of the workload and expectations from the professor. Evaluations: During the semester, I did five assignments, a midterm exam, a final exam, a term paper group project with presentation. In addition, questions, answers or comments have to be submitted on the learning platform YSCEC every week. If not, you get a penalty. Attendance was very important and this course. One absence led to penalty points which affected our grades directly. Prerequisites: Knowledge of macro- and microeconomics, international finance and a basic understanding of the history of East Asia (1900-). BIZ3175 — Corporation and its legal environment. B-level. Elective. Comment: The course discuss the legal system of the United States of America from the perspective of the leaders of corporations. First the course explains the judicial system and processes in the US and some comparisons with other countries are done. Then specific areas of US law is discussed such as tort law, contract law, intellectual property rights and employment law. The professor is a highly skilled attorney who has a lot of experience from his career in the US. He also have a keen interest in learning about the legal systems in the countries of the foreign exchange students in class. He will grant 40% of the class A+ and 60% the lowest passing grade of D. Evaluations: One midterm exam and one final exam are the only examinations during the semester. Both of them are multiple choice exams, but they are quite challenging. Establishing a friendly relationship with the professor (in other words, actively participate in class discussions and be prepared) was important as he stated at numerous occasions that if he remembered your face while reading your name when he was setting our grade, he would give us extra points. Prerequisites: None. BIZ3189 — Management Information Systems. B-level. Elective. Comment: The course discuss various topics in the field of IT and how they change how we do business and manage our firms. After you are done with the course, you will understand more clearly how IT is a critical fascilitator of success in today’s business world. You will be able to create simple databases, forms and reports from Microsoft Office Access. In addition the course also includes a lot of topics from the strategy field in the context of IT-technology. Evaluations: For hands-on experience, I had to submit two Microsoft Office Access assignments during the semester. Two article summaries had to be submitted as well with a pass/non-pass grade. An IT-technology group project with presentation was mandatory. A midterm and a final exam was also held, which were the most challenging of all the midterms/finals I had during the semester, consisting of multiple choice, essay questions, short-answer questions and more complex database design tasks. Prerequisites: The course is mandatory for all business majors at Yonsei, so no prerequisites. However, a basic interest and understanding of IT and technology will be most helpful in this course. BIZ3162 — Money & Banking. B-level. Alternative to “Finansiell styring”. Comment: A quite mindboggling course which challenges you to think about complex issues and concepts regarding the global financial markets of today. The course is all but typical academic stuff and the professor use a lot of unusual materials to make his points. The course will seriously challenge your past acquired knowledge of finance and change how you perceive the financial markets through the media. I would dare to say that following this course have been a life changing experience to me. Evaluations: Only a written essay question midterm and a essay question final exam is held during the semester. But they both very short in duration and you will have to study hard to be able to show that you know the concepts during the examination. Prerequisites: Macroeconomics, international finance, Corporate Finance, Financial Management and a general understanding of the western history after WWII and a basic knowledge of the current state of US politics is key to fully succeed in this course without having to study a lot. BIZ3147 — Strategic Management. B-level. Alternative to “Strategi”. Comment: Course which sets out to give you an idea of how you may get competitive advantage in an ever changing business environment. The internal and external workings of the firm are examined as well as more unusual concepts like randomness. Evaluations: For this course, there was no midterm exam. However, a surprise quiz was held around the midterm week. A group project with two presentations was mandatory, so was an individual case analysis. The course was concluded with a final examination. Prerequisites: None On a final note, how will you sum up the exchange experience? - Going on exchange has surely changed who I am: A renewed confidence in myself and what I do and what I want to do. A new perspective on my own culture seen through the foreign culture which I was totally immersed in. Finally, a group of new friends from all over the world.