KAIST Business School announced that it has received the European Quality Improvement System (EQUIS) accreditation from EFMD. KAIST’s MBA program is the country’s only program accredited by AACSB, GMAC (USA) and EQUIS (Europe). EQUIS is an accreditation system established by Europe’s business schools in 1997 in order to recognize high-quality business school programs. KAIST is one of four schools to receive accreditation this year; other schools that made the list are Univ. of Newcastle in Australia, Beijing University in China and National Taiwan University. Since its inception, EFMD has accredited a total of 124 business schools worldwide.

In order to receive accreditation, the school had to obtain a high score on evaluations that include faculty qualifications, globalization of the program, the learning environment, and connections with the corporate world. During the on-campus evaluation held last January, KAIST Business School received high distinction especially for its research capabilities and active communication with the corporate world. EFMD stated that the students enrolled at institutions with EQUIS accreditation worldwide are considered to have similar qualifications as those students at Europe’s top business programs. Thus, through accreditation from EFMD, KAIST has evidence of its high quality education system and excellent students.

In 2003, KAIST received accreditation from AACSB. With EQUIS accreditation now added to the program’s qualification, the school is officially recognized by the world’s two of the world’s top educational organizations. Last March, KAIST also became a member of GMAC, which oversees testing of GMAT (Graduate Management Admission Test).

The Dean of KAIST Business School, Ravi Kumar said, “EQUIS is known for its strict standard in granting the accreditation, so KAIST has really proved the program’s excellence that is recognized globally. We look forward to maintaining a close relationship with the world’s top business schools with similar EQUIS accreditation.”