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Center for Asian Business Scholarship Recipients Visit South Korea

The Center for Asian Business sent three students to South Korea from June 23 – July 7 as part of the John P. Daly, S.J. Scholarships for Study in Korea. Students Lucas Vetter, JaiMarie Marcelin and Farah Kerawala spent two weeks learning about Korean history and experiencing the culture firsthand. The scholarships, which began in 2006, have helped send 18 students to Korea to date.

In only two weeks, the students were able to visit the Korean Folk Museum, the Korean War Memorial, Busan Tower, Korea House, Geyongbok Palace and Lotte World as well as attend company site visits at Pohang Steel Company (POSCO), Hyundai Heavy Industry Shipyard and Samsung.

"The John P. Daly, SJ Scholarship gave me a great look into major Korean companies, and the factors that contribute to their success,” said Vetter. “I learned about the difference between Korean and American business practices, and about how interconnected the economy and global trade really is."

The scholarships are named in honor of the late Fr. John P. Daly, S.J., former director of the Center for Asian Business at LMU. He worked in Korea as a young Jesuit from 1961 to 1981 to help develop Sogang University in Seoul, Korea where he served as president for 12 years. Fr. Daly’s lifelong goal has always been to promote a deeper understanding and appreciation of culture and history between Asians and Americans. Korea, especially, is still largely unknown by Americans. Sogang faculty, alumni and other friends have contributed to the endowment as a way to foster the study of Korean culture and history to promote understanding by mainstream Americans.

Scholarships are awarded to students on the basis of their essays, their GPAs and their interviews by the Selection Committee. Scholarship winners spend two weeks in Korea, and upon return submit a report on the cultural differences they experienced. The students receive partial roundtrip airfare. They stay at an international guest house near Sogang University and meals and accommodations were part of the scholarship. A coordinator from Sogang University supervises the program in Korea.