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Economics Students on Seoul, South Korea Tour 2015

March 25,2015

Economics Students Korea Tour 2015 1Incoming Senior students of the International Business Economics and Diplomacy Department (IBEAD) of the School of Business of St. Scholastica’s College – Manila recently traveled to Seoul, South Korea from March 6-10, 2014. The annual International Study Program is part of their curriculum to enable them to experience intercultural dialogue and exchange particularly between South Korea and the Philippines. Moreover, the said program is also geared towards the enhancement of learning, application of concepts and hands-on experience from international institutions involved in the field of economics and diplomacy.

After arriving at the Incheon International Airport, the students visited the Regional Centre for Asia and the Pacific of the United Nations Commission on International Trade Law (UNCITRAL-RCAP) where they were warmly welcomed by the associate program officer Mr. Dong Kook Shin and briefed by Mr. Changkuk Lim, the legal expert of UNCITRAL-RCAP. During the briefing, the young economic diplomats were able to gain information about the role of UNCITRAL as the main legal body of the United Nations system in international trade law. They also discussed the establishment of six working groups (Micro, Small and Medium-sized Enterprises, Arbitration and Conciliation, Online Dispute Resolution, Electronic Commerce, Insolvency Law, and Security Interests) that undertake fundamental preliminary work on topics within the Commission’s platform. Each of the working groups is composed of all member States of the Commission. The students were also able to tour the developing Compact-Smart City in the Songdong District of Incheon which is planned to become a business district just like Makati in the Philippines.

Economics Students Korea Tour 2015 2On March 8-9, 2015, the IBEAD students attended the International  Conference on Economics, Trade and Development at Hotel Mercure  Ambassador,  Gangnam,  Sodowe, Seoul, South Korea. The conference mainly focused on the relevant topics of economics, trade and development and their applications in business and research in the context of globalization. Through the papers presented by professors, lecturers and Phd candidates coming from different countries, the students were able to expand their knowledge and understanding in the field of Accounting, Business Ethics, Business Statistics, Comparative Economic Systems, Corporate Governance, Development Planning and Policy, and Economic Development as applied in the business global setting. The young economic diplomats were also able to interact with these experts and ask questions regarding their papers and culture.

The students were likewise able to experience authentic Korean culture through visiting famous landmarks and museums in Seoul. They visited the Gyeongbukgong Palace and National Folk Museum, Bank of Korea Money Museum as well as Myeongdong and Dongdaemun, well-known for being the shopping mecca of Seoul and a boiling pot for various nationalities.

Economics Students Korea Tour 2015 3The last destination of the IBEAD students for their tour to Seoul, South Korea was the Philippine Embassy in South Korea. The group was welcomed by Ms. Elaine M. Diza, Cultural Officer and Attaché together with Mr. Roderico C. Atienza, Education Officer, First Secretary and Consul. It was an honor for the students that His Excellency Raul S. Hernandez was the one who discussed and briefed about the bilateral relations between South Korea and Philippines involving the economy, culture, labor and employment, trade and investment. He also highlighted the work, duties and responsibilities of an ambassador and diplomat. Being under the Department of Foreign Affairs, he mentioned that embassies are agencies that work 24/7 in order to address the issues and assist the needs of Filipino workers working abroad. Ambassador Hernandez also encouraged the students to take the Foreign Service Exam in order to become a representative of the Philippines to different countries.

The IBEAD students’ five-day South Korea tour has provided opportunities for more exposure, learnings and insights that will enable them to develop their skills and capabilities in engaging with the international community. Lectures and discussions from the four walls of the classroom were put into use and this has enhanced even further the education of the IBEAD students to become well accomplished diplomats and corporate leaders. The group was accompanied by Prof. Christian Anne De Lumen and Prof. Francis Ian Quesada of the School of Business. The International Study Program was endorsed by Prof. Robert Robang, Acting IBEAD Coordinator and approved by Dean Ramon Manalac.

By: Monica Ortiz Luis