Hanyang University (HYU) College of Business will open a new business lab sponsored by CK2 Business in March. In this lab, various studies sponsored by CK2 Business will be carried out by selected HYU students.

CK2 Business is an educational advancement program sponsored by the government. It aims to support university students who have the passion, personal qualities, and the potential to become our nation’s newest entrepreneurs. HYU’s College of Business was selected to team up with CK2 to provide these HYU students with an opportunity to participate in several well-funded business projects.

HYU has specifically developed the BIBE (Big Intelligence Business Education) program, which aims to establish business projects that prepare for social and environmental changes based on future technologies. The BIBE Educational Program includes programs like the Project Semester Program, Access-learning Program, and various internships. Two big changes were made in the business school to foster an environment that supports BIBE.

The first big change is the construction of a business lab. In order to carry out the business projects, seven business labs were built, all of which investigate the effects that future technologies will have on business management. An additional space where business lab students and professors can work and openly discuss their research will open in March.

The second change that occured is the opening of newly built PC rooms. Since the BIBE model emphasizes practical research and analysis into future technologies, all computers in the PC room were upgraded to new ones equipped to achieve said objectives.

The BIBE model is an experiment in education that prepare for the fourth industrial revolution. Professor Kim Chi -sung , who is in charge of BIBE, asked students to keep a close eye on BIBE because it will be a turning point in HYU’s College of Business.