On October 3rd, Business Management Professor In-Ki Joo received the Hwangjo Guenjeong Order of Merit (황조근정훈장) at the 8th Accounting Day ceremony. This Order of Merit is one of the highest honors granted by the Korean government to individuals who have made an outstanding contribution to enhancing transparency in the nation’s accounting practices.
For decades, Professor Joo has made significant impacts to the field of accounting through academic research, education, and policy advising. Particularly, from 2018 to 2020 he served as the first Korean President of the International Federation of Accountants (IFAC), playing a pivotal role in developing policies that improved Korea’s international accounting credibility and strengthening fairness and transparency.
Along with this achievement, Professor Joo was also inducted into the Korea Accounting Hall of Fame in 2023 by the Korean Accounting Association. Click here to read more.
Professor Mario Rüttgers of the Department of Mechanical Engineering at SUNY Korea has contributed as a co-author to a new study published in Nature. The work introduces HydroGym, a computational platform that brings together reinforcement learning and computational fluid dynamics to develop intelligent strategies for controlling fluid flows. One of the study’s key findings is that reinforcement-learning agents can learn flow-control strategies in one computational environment
Professor Younggeun Lee in the Department of Business Management at SUNY Korea has been selected as the recipient of the 2026 Emerging Scholar Award by the Management History Division of the Academy of Management (AOM). The Academy of Management is the premier global professional association for management and organization scholars worldwide. Its Emerging Scholar Award is a highly competitive honor bestowed upon early-career scholars who have demonstrated exceptional research excellence,
Debt Strikes Back...The Economy Is Running Out of Options As South Korea’s total debt has, for the first time, exceeded 6,500 trillion won, the government has formalized a 25 trillion won supplementary budget framed as a “wartime” measure. While intended to address immediate livelihood challenges, debt has long since become a heavy burden. At its core, debt is a transaction across time—bringing future consumption and investment into the present. However, as this pa
Professor Jongseong Brad Choi of Mechanical Engineering at SUNY Korea has secured five competitive government research grants for 2026, with a combined award of approximately 1.21 billion KRW (~1 million USD), plus two of B200 GPUs. Securing this number of projects within a single year is exceptional by any standard. The selected projects are supported by the Institute of Information & Communications Technology Planning & Evaluation (IITP), Ministry of Trade Industry and Resources (M
IFRS 18 to Be Introduced Next Year… Scope of Operating Profit to Expand Operating profit refers to the profit generated from a company’s core business activities. It is calculated by subtracting the cost of goods sold and operating expenses (such as selling and administrative expenses) from total revenue. Items such as interest expenses, taxes, and one-time gains or losses are excluded. Operating profit is considered important because it reflects core business perfo