Picture this: a young inventor from a small village in India has a breakthrough idea that could change the way we think about energy consumption. She packs her bags and moves to the United States to pursue her dream. There, she is welcomed by a community of like-minded individuals and institutions who support her vision…
Glocalism, A Game-Changer? In a world that is increasingly interconnected, it is more important than ever for businesses and communities to be able to adapt to the needs and demands of both their local surroundings and the wider world. This is where the concept of "glocalism" comes in. Glocalism is a term that refers to…
Introduction: While South Korea has achieved impressive economic growth and now ranks 10th in the world for GDP and GNI in 2021, the country still struggles with significant issues related to social welfare and mobility. According to the 2020 Social Mobility Report by the World Economic Forum, South Korea was ranked 25th among major countries…
Small-sized domestic market regions and countries face the challenge of competing in a global marketplace where innovation is crucial. To remain competitive, these regions and countries must develop new technologies, products, and services more quickly and efficiently than their rivals. Testbeds and industrial clusters are effective strategies for fostering emerging industries, promoting economic growth, and…
Innovation is crucial for progress, but it must be sustainable. Sustainable innovation involves creating and implementing new ideas that not only benefit us in the present but also protect and sustain our future. To achieve this, we need to understand and prioritize the key basic elements that drive sustainable innovation: freedom, relationships, and fairness. Freedom…
Silicon Valley Bank closed in the second-largest bank failure in U.S. history. The recent collapse of Silicon Valley Bank highlights the intricate paradox of seeking safety in the financial industry. Banks, by nature, rely heavily on investor confidence to succeed. Yet, to maintain this confidence, banks must take risks to generate returns for their investors.…
Education is a critical foundation for a prosperous and successful society, unlocking the potential of individuals and contributing to a better future for all. However, as the world rapidly changes, it is essential that education is grounded in the real world and takes into account the global context. Textbooks and traditional classroom instruction alone cannot…
We are thrilled to welcome back Dr. Young-Dall Lee, who has made an exceptional and unwavering commitment to the Republic of Korea over the past two years. His contributions have been instrumental in shaping policies that promote innovation, entrepreneurship, and balanced regional development, which are crucial for driving economic growth and job creation in the…
This book review presents a critical examination of the South Korean education system's paradoxical and contradictory nature. The system emphasizes standardization over self-discovery, as children conform to the standards of the "grade-class-standardized curriculum" and become standardized themselves. The university entrance exam system, which relies on standardized tests, is particularly concerning as it drives future generations…
We are thrilled to announce that Dr. Young-Dall Lee, the principal, and Ms. So-Young Oh, a junior researcher, have been awarded the prestigious Best Paper Award by the Asia-Pacific Journal of Business Venturing and Entrepreneurship in November 2021. Their paper, titled 'In Search of Corporate Growth and Scale-up in the Entrepreneurial Context: What Affects the…
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