KOICA – KAIST Master's Degree Program in Social Economy (IMPACT MBA)

With a mission to nurture talented individuals from developing countries, Korea International Cooperation Agency (KOICA) and Korea Advanced Institute of Science & Technology(KAIST) invite competent students from developing countries to help them gain professional and systematic knowledge, cultivating future key figures of their home countries' development.

KAIST has accumulated valuable experience in the KOICA program. From 2012 to 2019, KOICA-KAIST Master's Degree Program in Finance trained over 90 finance professionals who have contributed to the growth of their countries' financial and capital markets. Students, who had been given the opportunity to see Korea's experience in poverty reduction and socio-economic development, have gained deeper understanding of Korea and are acting as social, political and economic ties between the two nations.

KOICA-KAIST Master’s Degree program in Social Economy, first launched in 2019, invites 15 students from developing country every year who are currently engaged in social economy or relevant sector in their home countries. Aiming to cultivate insightful experts in social economy and as well as future pro-Koreans who will play key roles in relations between Korea their countries, the program has three objectives

1) educating future social economy professionals and policy makers who will implement inclusive economic policies regarding social value creation in the developing countries
2) helping the development of social economies in developing countries by sharing the growth experience of Korea
3) strengthen the strategic partnership with developing countries for future collaboration in the social economy services sector
Under the objectives, the program offers an education program comprised of
1) Lectures on social economy, management and green growth
2) Extracurricular activities including site visits and seminars
3) Courses on Korean culture and language
4) a research project.
KOICA-KAIST Master’s Degree Program in Social Economy program will provide students with a great opportunity to LEARN Korean experiences in economic and social development and TRANSFORM themselves into entrepreneurial professionals, practicians, and policymakers with deep understanding of social economy.

Duration

Stay Duration: August , 2024 – December 31, 2025 (17 months)
Academic Duration: August , 2024 – February 2026 (18 months)

Degree

Master of Business Administration (MBA)

Number of Participants

25 selected in total (Please refer to KOICA-KAIST Program Information 2023 below)
- Type 1: Government officials of employees from public institutions with minimum 3 years of experience
- Type 2: From social economy-related area(NGO, agency, research institution, foundation, social enterprises) with minimum 5 years of relevant experience – Only up to 3 participants
* Practicians from the economy, education, welfare, and industry sectors with quantitative and qualitative analytic skills preferred.

Course Objectives

1) To educate future social economy professionals and policymakers who will implement inclusive economic policies regarding social value creation in the developing countries
2) To help the development of social economies in developing countries by sharing the growth experience of Korea
3) To strengthen the strategic partnerships with developing countries for future collaboration in the social economy services sector

Credit Requirements

Students should complete 48 credits in total and satisfy the following requirements for graduation. Students can take up to 18 credits per semester.

Language

The ability to communicate fluently in English

Accommodations

On campus dormitory of KAIST College of Business
- The dorm rooms are designed for double occupancy only.
- Each person is provided with a desk, a bed and a wardrobe.

Scholarship Benefits

- Air travel fare: Economy class, round-trip airfare
- Full tuition fees
- Accommodation (dormitory of a training institute)
- Monthly Stipend
- Study visits, field trips, etc. during the program
- A medical checkup before entry into the program
- Overseas traveler's health insurance

Admission Process

※ The timeline in this table is subject to change.

▶ Post Admission

* The date is subject to change.

For detailed information about KOICA-KAIST Scholarship Program, please refer to the attached program information:

2023 KOICA-KAIST Application Guideline & Scholarship Program Information