AACSB and Korean Group Announce Agreement

AACSB and KABEA sign MOU
Representatives of AACSB and KABEA sign MOU over video call.

Tampa, FL, USA (February 18, 2021)—The Korean Association of Business Education Accreditation (KABEA) and AACSB International (AACSB) have entered a cooperative agreement to enhance quality business education in Korea. Through the agreement, both organizations intend to explore synergies, share expertise, and combine efforts to advance the value of accreditation in Korea.

For over 100 years, AACSB accreditation has represented the highest standard of quality in business education in the world. As the longest-serving and largest business education network, AACSB connects lifelong learners, educators, and businesses worldwide. Today, a total of 882 institutions  across 57 countries and territories have earned AACSB accreditation in business. Furthermore, 189 institutions maintain supplemental AACSB accreditation for their accounting programs.

“We are excited to begin this agreement with KABEA as we support the continued efforts and enhancements of business education in Korea,” said Geoff Perry, AACSB’s executive vice president and chief officer of Asia Pacific. “Their commitment to elevate the quality of higher education complements AACSB’s belief in the positive impact of business education on every community and industry.”

“We are highly pleased to conclude a cooperative agreement with AACSB, the global association for business education accreditation, to enhance business education especially in the midst of the Fourth Industrial Revolution and the COVID-19 pandemic,” said Young-Ryeol Park, president of KABEA.

Additionally, he revealed his expectation for the collaborative efforts AACSB and KABEA will make, saying that “in the era of 'next normal,' both global and local institutions such as AACSB and KABEA, respectively, are to fulfill their role and responsibility for business education accreditation and innovation under the common mission for a better world.”

KABEA ensures the quality of business education by communicating and improving the value of accreditation to business schools and the broader business community in Korea. The agreement is in effect for three years, with an opportunity for renewal at the end of the period.

About AACSB

Established in 1916, AACSB is the world’s largest business education alliance, connecting educators, learners, and business to create the next generation of great leaders. With a presence in more than 100 countries and territories, AACSB fosters engagement, accelerates innovation, and amplifies impact in business education. Learn how AACSB is transforming business education for a better society at aacsb.edu.

About KABEA

Under the mission of improving the international competitiveness of business education through continuous innovation, Korean Association of Business Education Accreditation (KABEA) contributes to enhancing business education and nurturing national and industrial business leaders in Korea. KABEA has 23 universities and 20 companies as members and has accredited 53 undergraduate, graduate, and MBA programs in 17 universities. KABEA is continuously supplementing the accreditation standards that reflect the changing corporate and educational environment, and is implementing services that enhance the efficiency of the accreditation process by providing the mentor program and the digital information for the accreditation system. KABEA is an accredited institution by the Korean Ministry of Education. KABEA has an office in Seoul, South Korea.

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