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Admission Report for IE
Youngtae-Hong This report is solely for the use of MBA Admissions for IE, personnel.
No part of it may be circulated, quoted, or
reproduced for distribution
without approval.
2013. Feb
I learned so much from a “war”- a war of at least 50 customers
queuing in front of my father’s restaurants (he owns three
upscale Japanese restaurants), and my not being able to go to
the bathroom from 9AM to 9PM because I am so busy.
Restaurants can become like
BATTLEGROUND.
I learned about business and life from a
WAR
Super tough,
frugal father = a v e r y g o o d m e n t o r
I started helping with the family business from a
very young age since my father wanted to train me
in a way. After leaving behind his successful hotelier
career to open up the first restaurant when I was in
my first year in high school,
my father always raised me in
a very business-like manner: He made me work for every penny to educate me.
All in all, I worked on and off during 17 years
(almost full-time in case of vacations). I waited and
bussed tables, washed piles of dishes, and peeled
onions for hours.
In fact,
my father never treated me any differently from any
of his other employees.
Not many colleagues found out that I am the
owner’s son. I loved working with them – my
colleagues.
I must have interacted with over 10,000 customers and 400
employees. And the list of all that I experienced while
working with so many people is just as long.
For example, because our restaurants are very high end, our
regulars include former presidents, senators and many other
high ranking government officials as well as the Who-is-Who of
the Korean business community. Their needs can be
drastically different and very particular. But even the regular
customers, who number thousands, have different needs.
Our regulars included the
former presidents of Korea.
I also learned so much from
my colleagues.
Over
10,000 customers
INTERACTION
Over
400 COLLEAGUES
TAUGHT ME
D I V E R S I T Y & T E A M W O R K
• I am just amazed by all that this
• AMAZING WORLD has to offer.
I traveled to 50 cities in 30 nations,
and all different parts of Korea
LONDON 9month for
language course
EUROPE 11nations for
Backpack trip
KOREA Climbed
INDIA
&CHINA Operated IT
Benchmarking
Program
US Internship in
San Jose in
2000, Traveled
in L.A and
Mexico
SF Negotiated
about Venture
Capital
Companies at
2011
comfortable
with diversity
As a curious cat, my job at the KPC which entails developing new
business models really suits me
And I also love creating something from scratch
Smart
Enterprise • Developed ‘Smart
Enterprise Consulting
Package’
• Developed ‘Work Smart’
processes and IT enablers
to revamp working space
and working habits
• Developed ‘Smart Work
Maturity Model’ for
evaluating Company’s
Status and guiding
Venture
Capital
• Secured 200mil USD for
the next three years, to
incubate Korean start-ups
in the U.S., providing all
kinds of services including
marketing, patenting and
product development, to
cater to the U.S. market,
by allying with one of the
top 3 VC companies in the
U.S.
• Secured another 300mil
USD to train up and rising
companies in Korea
Mobile
Strategy • Consulted to develop
Mobile-Seoul Policy
Guideline Master Plan
• Business Process
Analysis and design
guideline for Mobile-
governance
• Developed evaluation
model for M-Public
services
IT+
Construction • Developed National
ubiquitous Strategy and
National ubiquitous
investment management
framework
• Assessed viability for the
development of 1 Trillion
USD Ubiquitous-City (U-
City) nationwide
• Performed over 10 pan
strategy plan for local
governments
Moreover, turned our training function into a cash cow
But I have miles to go .. Snapshot of my career goal
VC
Ecosystem
Silicon
Valley
Of Korea
• Operating venture
incubating division
• Educate, mentoring,
evaluate, and funding
• Operate Born-to-
Global camp for
launching in the U.S.
• Need to develop a
platform for venture
markets
• Connect VC with
developers
• Concentrate on
contents and platform
• Cooperate with global
educational
institutions like IE
• As the CEO of KPC
• Asia’s major
Technology Hub, like
the Silicon Valley and
Bangalore Valley
• Link with global
markets including the
European and Asian
markets
Bridge People &
Technology
IE will help me get there My Goal is to bridge people and technology
Venture
Capitalists
& Company
KPC
Univ.
partners
including
IE
• I want to revamp the KPC to change some of the other chronic problems we have.
• For one, I want to us to help those from other countries as well.
• we can because we have some strong levers For instance, we are very affordable, and thus many small companies benefit from our service. If only if we improve, the room for our contribution could expand significantly as well since we have very comprehensive set of data on almost all the
companies in Korea, piled up during the last 60 years.
• So, I need to polish myself first
• IE’s Venture Lab program is very attractive
• IE’s Entrepreneurship & Innovation Center
is very impressive as well
I want to
revamp
the KPC
IE is
Perfect
for me
You are Perfect fit
for me!
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