Kim: ‘There is Much to be Done’

At Wharton’s Global Alumni Forum in Seoul, Two Esteemed Alumni Were Awarded the Dean’s Medal.

By Tim Hyland

Bong-Suh Lee, W’59, and James Joo-Jin Kim, W’59, G’61, Gr’63, with Dean Thomas S. Robertson.

Two of Wharton’s most esteemed alumni—Bong-Suh Lee, W’59, and James Joo-Jin Kim, W’59, G’61, Gr’63—were awarded the Dean’s Medal, Wharton’s highest honor, during the Wharton Global Alumni Forum in Seoul in May.

Kim is Executive Chairman of Amkor Technology, Inc., one of the world’s largest suppliers of semiconductor assembly and test services, and has served on the Wharton Executive Board for Asia since 1997. He is also an emeritus trustee of Penn.

Lee has held various positions in the South Korean government, including Secretary to the Prime Minister (1973-1978), Vice Min­ister of Energy and Resources (1983-1988) and Minister of Trade and Industry (1990-1991). He has also served as Vice Presi­dent at Asian Development Bank (1991-1998) and in 1998 was ap­pointed Chairman of the Danam Corporation. He has been a mem­ber of the Executive Board for Asia since 2001.

Wharton’s Global Alumni Forums are now in their 17th year, and the Seoul event was another success: It drew nearly 400 attend­ees from around the world to South Korea’s beautiful capital city.

During his acceptance speech, Kim marveled at how far his na­tive country had come. Excerpted here is some of what Kim had to say.

 

“[When I came to Wharton] both parts of the Korean peninsula had been ravaged by the war, and you cannot begin to imagine how grim the outlook was for all Koreans. We were desper­ately poor, and our nation was in shambles. We survived, we persevered and then we pros­pered. Now Korea is a developed, wealthy society. How did we go from a poor, under-developed society to a modern, high-tech nation? Part of the answer lies at the intersection of Ko­rea with my other great passion—namely, the University of Penn­sylvania. Penn has educated many Koreans in business, in medi­cine, in architecture and other disciplines. These Penn-educated Koreans, like myself, started their careers in the United States, but have increasingly returned home to help build the founda­tion of a prosperous and stable democracy.

“Koreans today represent the third-larg­est source of foreign students in the Whar­ton MBA program, trailing only China and India. Penn has played a pivotal role in the development of Korea over the 51 years in which I have had the privilege of being an alumnus of this great institution. While Penn has been training so many of Korea’s past, present and future leaders, the University has also been building its infrastructure to train others about Korea, especially the Korean language. I think this is critically important, because it is quite difficult for a nation to be recognized and appreciated unless people from other coun­tries know about it.

In addition, with so many Americans being of Korean descent, there is a need for Korean language and history programs to allow the diaspora to retain an interest and respect for the country of their ancestry. Where do we go from here? Well, there is certainly much to be done. With so many Koreans train­ing every year at Wharton, Penn is edu­cating a generation—much larger than the few who joined me in the 1950s—of corpo­rate executives with the linguistic, cultural and business skills to expand the breadth and depth of Korean business worldwide. I fully support this new generation, and invite them to do better … to learn from our mistakes and to [make] the world a more peaceful and prosperous place. Just as Wharton assisted me and others… it is time for us to ensure that others can have the same opportunity that we had. I urge you, especially those who have become leaders in your profession, to participate in the efforts of Wharton to educate the leaders of the next generation.”

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