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TAMPA, FL (December 22, 2008) – AACSB International announced today that Yonsei University
has earned international accreditation for its business school. Yonsei is now the fifth university in Korea to earn business accreditation from AACSB International.
Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master’s, and doctoral degrees in
business and accounting.
AACSB International also announced that China Europe International Business School – CEIBS (China),
Griffith University (Australia), Southeastern Oklahoma State University (USA),
and SUNY Institute of Technology (USA) earned initial accreditation in business. Additionally, 45 institutions have maintained
their accreditation in business and 14 have maintained their accreditation in accounting. As required by AACSB standards, all accredited schools must go through
a peer review every five years in order to maintain their accreditation.
“AACSB warmly congratulates Yonsei University and Dean Tae-Hyun Kim, and welcomes them into the AACSB family of internationally
accredited business schools,” said John J. Fernandes, president and chief executive officer of AACSB International. “AACSB accreditation represents the highest
achievement for an educational institution that awards business degrees. The faculties, deans, directors, and administrative staffs of our newly accredited schools
are to be commended for their role in earning initial accreditation.”
In earning initial accreditation, Yonsei University joins an elite few which make up less than 5 percent of the world’s business schools to have
achieved business accreditation from AACSB International. In total, the newest accreditations raise the number of institutions which hold business accreditation
to 559, with 460 institutions based in the United States and 99 based outside of the United States.
“It takes a great deal of self evaluation and determination to earn AACSB accreditation,” said Jerry Trapnell, chief accreditation officer of
AACSB International. “Schools not only must meet specific standards of excellence, but their deans, faculties and staffs make a commitment to ongoing improvement
to ensure that the institution will continue to deliver high quality education to students.”
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