Dongguk University is proud to announce that the department of Economics was accredited by the organization AACSB (The Association to Advance Collegiate Schools of Business). AACSB is an organization created in the United States. The accreditation that it gives to certain universities is almost mandatory in the States since it provides government-guaranteed student loans to the approved schools. Accreditation is a voluntary, nongovernmental process that includes an external review of a school's ability to provide quality programs. The purpose of this 5 year term accreditation is to create a standard for business departments in schools in order to enhance their quality. The standards are graded by overlooking how the professors prepare their courses for the students. The syllabus is one example as it has an evaluation grade of the professors done by the students. As AACSB is only credited to top 5% universities around the world, its affect to Dongguk University is tremendous. It proves that the Economics department in DU has high quality standards and has the ability to stand side by side with other great universities around the globe. In Korea, only 11 universities have been accredited by the AACSB, including the top three, SKY(Seoul national University, Korea, Yonsei university). The incredible aspect is that DU registered for the AACSB organization only four years ago. Considering that other universities were members for a much longer time, this is truly spectacular. One of the advantages of having this accreditation is that students who study abroad are able to keep their credits when they return to Korea. During the 5 year term of the accreditation, students who study abroad are able to keep 100% of their credits that they have earned from foreign countries. This is especially important since students need credits to graduate and the main reason of going abroad is to study. From this, Dongguk University has shown that they have made great improvements in the department of Economics. This event will act as a key in the future to raise the university’s status to international levels.
Lee Dong-jun firstname.lastname@example.org
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