About the Department

Department of Economics (KU Economics) was established in 1905 with the intention of promoting modern economic and financial education in Korea. As one of the oldest departments in Korea University, KU Economics has nurtured leaders of the Korean society who were the backbones of the rapid industrialization and economic development.

In 1999, KU Economics was selected by the government’s ‘South Korean Economy under the Open Market System Project’ and started to receive financial support under the title of ‘BK21 Project.’ The financial support from the government helped KU Economics to have renowned research program. With eminent faculty members, outstanding students and internationally recognized research program, KU Economics now competes with world class universities.

KU Economics ranked first in both interim and comprehensive evaluations of BK21 project in 2005 and 2007. From 1999, the department has been funded by the government’s ‘South Korean Economy under the Open Market System Project’ under the title of BK21 project. As a part of project, all the funded institutions have been evaluated regularly. In 2005 and 2007, KU Economics received the highest score in the evaluations.

KU Economics ranked first in Korea for the academic performance of faculty members. The department ranked top in Korea with the numbers of papers published in EconLit journals (American Economic Association’s Electronic Bibliography of Economic Literature) from 1970 to 2003.

KU Economics ranked first in The JoongAng Ilbo’s national university ranking in 2007 and 2010. The department ranked first at the ranking of Economic programs in Korea according to The JoongAng Ilbo which is one of the most prestigious newspapers in Korea. The evaluation was conducted in a number of categories including educational facilities, research performance of faculty, employment rate of graduates and reputation.

Key department contacts

Chairperson: Professor Dong Heon Kim (dongkim@korea.ac.kr, +82 2 3290-2226)
Department office: econ@korea.ac.kr, +82 2 3290-2200

History of KU Economics

KU Economics, established in 1905, firstly started as the Department of Finance and changed its name to Department of Economics in 1959. In 2007, KU Economics ranked first among Economics departments in Korea according to The JoongAng Ilbo. (The JoongAng Ilbo is one of the prestigious newspapers in Korea.)

  • Apr. 1905: Bosung Private College was founded. Department of Finance was established as a 2-year course.
  • Jan. 1907: Department of Finance was renamed as Department of Economics and the course was extended to 3 years. Department turned out first graduates.
  • Apr. 1910: Department of Economics was renamed as Department of Commerce.
  • Apr. 1922: Bosung Private College was renamed as Bosung College.
  • May. 1944: Under the Japanese Imperialism, Bosung College was forced to change the name to Gyeongseong Cheoksik Business College. Department of Commerce was renamed as Department of Economics.
  • Aug. 1946: Bosung College changed its name to Korea University and started 4-year curriculum. Department of Economics was placed under College of Economics and Business Administration.
  • Apr. 1955: Division of Political Science and Economics was established and the Department was reassigned to the College.
  • Apr. 1959: Division of Political Science and Economics was changed to College of Political Science and Economics.
  • Jun. 1964: Social and Economic Research Institution, an affiliated research institution of the department, was established.
  • Sep. 1969: Social and Economic Research Institution was renamed as Institute of Economic Research.
  • Aug. 1984: Political Science and Economics Building was completed.
  • Dec. 1999: KU Economics was selected by the government’s ‘South Korean Economy under the Open Market System Project’ and started to receive financial support under the title of ‘BK21 Project.’
  • Apr. 2005: 100th anniversary of KU Economics.
  • Apr. 2006: KU Economics was designated for the second-stage BK21 project titled as ‘Research on the Balanced Development and Global Leadership of the Korean Economy and Human Resource Development.’
  • Sep. 2007: KU Economics ranked first in The JoongAng Ilbo’s national university ranking.
  • Feb. 2009: KU Economics received the best grade from the evaluation of Korean Council for University Education. (It received an excellent grade especially in the research category.)
  • Sep. 2010: KU Economics ranked first in The JoongAng Ilbo’s national university ranking.

Directions

  • Subway: Exit #2, Anam Station, Seoul Metro Subway Line 6
  • Drive: 5 minutes walk from Main Underground Parking, Anam Campus, Korea University