'Youth Business Venture and Business in China' academic conference hosted by the YU China Research Center
Presentations and debates among venture start-up experts, businessmen and students planning to start up their own business
[May 11, 2014]

 YU (President Noh Seok-kyun) hosted an academic conference to discuss concrete measures for creating jobs by promoting venture start-ups and for youths starting businesses abroad.

 This academic conference, which was hosted by the YU China Research Center (Director Baek Kwon-ho) at the YU Business and Economics Hall for three hours starting at 3 p.m. on the 9th, proceeded with presentations by venture experts and businessmen, and then discussions with students interested in starting their own business under the theme 'Youth Business Venture and Business in China'.

 In particular, YU graduate school students currently engaging in actual internet-based businesses and undergraduate students planning to start their own business participated in this academic conference as speakers, and held in-depth debates.

 YU China Research Center Director and Business Administration Professor Baek Kwon-ho who gave the keynote speech stated, "Together with the growth of the Chinese economy, there will be unlimited opportunities to start up businesses and find employment," adding, "We must foster experts on China in various fields in society by fostering 100,000 human resources oriented to the 21st century'."

 In the first presentations, YU International Commerce Professor Lee Geon-hee made a presentation on 'Venture start-up market and youth ventures in Korea'. Based on his experience in founding a venture company, Professor Lee made a presentation on practical business start-up strategies such as finding ideas for starting businesses and procuring funds in the start-up preparation phase, and also held discussions with students getting ready to start their own business.

 In the second part, Yongin University Chinese Studies Professor Park Seung-chan (Visiting professor at Tsinghua University, China) made a presentation on 'analysis and outlook of the business venture market in China' to analyze the recent changes in the business venture market in China and the importance of strategically selecting the business type. Following this, Orange MBA CEO Lee Jong-geun introduced realistic venture strategies based on his experience of starting up a company in China. Mr. Lee founded the online platform company 'LLK' in Shanghai, China with the venture start-up support from the Chinese government.

 Park Geon-woo (26), a senior in the YU School of Economics and Finance who participated in the academic conference said, "I am interested in starting up a business in the Korean or Chinese market related to automobile exterior such as car wash, waxing and painting," and added, "Through this academic conference, I would like to check the possibilities of starting up a business in the Chinese market and would like to make all preparations for the nine months I have left until graduating and start up a business before I graduate."

 Director Baek Kwon-ho, who made preparations for the academic conference, said, "With 'creating jobs by promoting business ventures' being one of the top priorities of the current administration, business start-up is receiving national interest," and added, "This academic conference will be a concrete and practical plan to resolve the youth unemployment issues by starting businesses and finding employment in China."