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Wangyu Koh: Internship with Merril Lynch

Wangyu Koh: Internship with Merril Lynch


Name: Wangyu Koh (DIS, 2008)

Place of internship: Washington D.C. / Merrill Lynch

Duration: 4 Months (February-May 2010)

Q: Why did you apply for the internship?

W: I applied to the internship because of my curiosity with the field of finance. I also wanted to experience Washington D.C., which is not only the capital city of the United States, but also a world hub where powerful governmental, political and economic institutions coalesce. Additionally, I wanted to attend the development forums at the IMF/IBRD HQ to identify world economic trends and gain insights on the findings of leading economists.

Q: What did you mainly do in the internship?

W: Merrill Lynch, the wealth management division of Bank of America, is the world’s largest brokerage managing $2.2 trillion in client assets. I worked at Merrill Lynch, Washington D.C., Global Wealth Management Division, in a team comprised of a senior financial advisor and a client associate.

It was crucial that I familiarize myself with the Bloomberg workstation, which is a powerful information source that enables users to monitor and analyze real-time financial market data. The Bloomberg online training courses were extremely useful in helping me fulfill my daily tasks and at the same time allowed me to acquire the Bloomberg Essentials Certificate (Fixed Income/Equity/Foreign Exchange/Commodity).

I researched, analyzed and monitored the best performing stocks and mutual funds of target sectors. This involved using the Bloomberg workstation to gather and compile financial data such as stock performance, benchmark performance, asset allocation and holdings. For qualitative analysis, segments of analyst reports were also summarized, compiled and submitted to the client associate.

I analyzed the financial products of competitors and reported new investment opportunities to the group’s financial advisor. This required monitoring a set of financial products and attending meetings that took place in and out of the office. Other duties included reviewing annual statements of clients to help the financial planner set and meet his targets as well as managing client account information.

Q: What did you learn most from the experience?

W: There are around two hundred people working in Merrill Lynch, Washington D.C. They are finance experts not just from the US, but also from all over the world.

It was a great opportunity to experience the American corporate culture, which is nothing like that of Korean companies. In American organizations, being direct, even to the President or the CFO, is a virtue. If one wants to be heard, one is expected to be confident about oneself and one’s capabilities. Meetings are kept as short as possible and are not considered a success unless they result in a tangible action or decision.

I learned that being ‘professional’ is not purely about one’s expertise in the field. Rather, it is about one’s commitment in getting the assigned work done no matter what. In other words, it is important to finish all the work on the day it was received, even if it involves working late into the night. Being proactive in constantly finding work for myself was also a rewarding experience.

Q: How did you prepare for the internship?

W: Getting advice from senior students in the field of finance helped me the most. I talked to several seniors working in finance regarding what their job entailed and how to prepare for a career in the sector. Actively taking economics and business courses at school helped me acquire the basic knowledge required for the job.

Internship programs like TWC and WEST are the two main routes for students who want to work in the US. Identifying which program is the most suitable for oneself is crucial. Finding out the procedures of the program in advance and making a strategy to meet the requirements will significantly increase one’s chances of getting a placement.

Minsun Hong: US Congress – Korean National Assembly Exchange Program

Minsun Hong: US Congress – Korean National Assembly Exchange Program


Name: Minsun Hong (DIS, 2010)

Internship: US Congress – Korean National Assembly Exchange Student Program

Duration: 7/8/2013 – 8/9/2013

Q: Why did you apply for this internship?

I was nominated by Assemblyman Ik-pyo Hong (Foreign Affairs and Unification Committee) in the exchange program, and after an English interview and Korean interview, I was chosen as one of the final ten students to represent Korea in the United States’ visit.

Q: How did you prepare for the internship/ international activity?

Before leaving to America ten Korean students from respected universities gathered in the National Assembly Building located in Yeouido and received lectures on the U.S. political system. I also prepared a 20-minute presentation on the function of the National Assembly and the three branches of government.

Q: What did you mainly do in this internship/ international activity?

The main focus of the program was to improve understanding of two countries’ political, economic and cultural differences. The program ran in three states; Washington D.C., Chicago, and Los Angeles. During my stay in D.C. there was a short internship program in a Congressional office. With my American counter-part I spent some time in Senator Jeff Flake’s office. It was an amazing opportunity to learn how the senator’s office operates on a daily basis. I talked with a few of the staff members and also sat in the hearing of the closing down of Guantanamo Bay detention camp. Later on, there were a lot of special meetings with influential people such as Victor Cha, former Director of Asian Affairs in the White House’s National Security Council and James W. Fatheree, senior director for Japan and Korea at the U.S. Chamber of Commerce. Also during my stay in D.C. there was a 60th anniversary of the Korean War Armistice where I was able to show gratitude to the U.S. Veterans and also hear president Obama’s speech honoring the special year. In Illinois I visited the Federal Reserve Bank of Chicago to hear how it operates and also visited the Naval Station Great Lakes, learning more about the military. Finally in L.A. the mayor of Irvine shared his inspirational stories of succeeding in America as a first generation immigrant.

Q: What did you learn most from the experience?

After my stay in the U.S. the biggest lesson I received was about the vibrant nature of American politics, economics, and culture. This trip was the first time I visited the states and it made me understand why America was renowned as a superpower. I am now more determined to study in America than ever before.

Kim Min-Hyuk: Volunteering with Happymove

Kim Min-Hyuk: Volunteering with Happymove

Name: Minhyuk Kim (DIS, 2008).

Internship / volunteer institution: Hyundai Motor Group “Happymove” 7th Brazil Volunteer Team.

Duration: Two weeks (July-August, 2013).

Q: Why did you apply for this volunteer activity?

It was a chance to make use of my linguistic abilities and overseas experience to participate in volunteer work abroad. I had already done various types of volunteer activity within Korea and found that it is a very meaningful experience not only for the recipients’ but also for me. The “Happymove” program involves various types of volunteer activity, from planting trees to building homes and teaching locals. I felt that I could contribute to these activities and share my personal knowledge and experience as well as visit a country that I was interested in.

Q: What activities did you engage in?

“Happymove” Brazil is about building homes and culture exchange. The first week involves working with Habitat for Humanity Brazil local volunteers to actually build homes from scratch, paint them and also decorate them. Some homes need to be brought down; some just need a final touch. However painting the homes and building brick walls was the most work for our team. The second week is about going to nurseries or schools for low income families. It is to spend time with them and share Korean culture as well as learn the local culture. Our team took Korean hand fans and various drawing tools to share time with the young students and to help them make their own fans. While some members are spending time with the students, others use this time to clean the building and fix anything the school needs.

Q: What did you learn most from the experience?

Sharing is caring. There are so many people out in the world who are in dire need. Whether it is financial aid or simply spending time to talk and give a hand, it means so much for the people who receive it. Poverty is a serious issue. Watching it from TV or reading it from papers is completely different than witnessing it. I was quite a shock to see the kind of living conditions in the suburban Brazil and I felt that I should continue to engage in volunteer services.During the past year, I have participated in volunteer service on a bi-weekly basis to help out in nurseries, hospitals and immigrant facilities. It is amazing how spending 4 hours can mean the world for someone else. The people that I have worked for come from multicultural backgrounds, most of which are orphans. Simply having someone come by every month gives them the strength to live on because they believe that there are people who care about them. I have met various people who are full-time workers who still find the time to spend their weekends to help others. I was very touched by this and I hope to do the same.

Q: How did you prepare for the volunteer activity?

“Happymove” is among many foreign volunteer services which are fully funded by the organization. Others include SK “Sunny”, Posco “Beyond”, Gmarket “Volunteer Group” and so on. These organizations usually recruit volunteers during summer and winter vacations. Applicants must prepare a written registration on topics such as “Personal background,” “Reasons for applying,” and “Ways to contribute?” Then there is an interview which is to see how dedicated you are and how truthful you are to what you have written. There are many other volunteer activities that take place in Korea. I would recommend that you experience these before you try an overseas volunteer service because there are a lot of people in dire need in Korea. Without having such experience, if you simply apply for an overseas volunteer work, the chances of being selected are very low. If you look on or there are so many opportunities to participate in volunteer work.

International Forum on Energy Governance

International Forum on Energy Governance

YKK at ColumbiaHanyang University’s Center for Energy Governance and Security (Director: Professor Kim Younkyoo) together with Columbia University’s Center on Global Energy Policy (Director: Professor Jason Bordoff) hosted an international forum that focused on the impact of potential US natural gas exports on Asia-Pacific energy security. The forum was held at the Faculty House at Columbia University on Tuesday, May 14, 2013. This international forum was timely, reflecting the current dramatic changes in the US energy policy landscape due to the boom in shale gas, an unconventional natural gas resource. The US is expected to transfer from a pure natural gas importer to a major exporter by the end of 2012 due to the rapid development in shale gas exploration, and the forum aimed to investigate how this transformation would impact not only US economies, but also the Pacific energy markets, economic growth, and geological security. All forum participants were experts, professionals or leaders in energy related institutions, research centers and private companies, including but not limited to Professor Kim Younkyoo of Hanyang DIS, Deputy Assistant Secretary for Fossil Energy, Christopher A. Smith of the US Department of Energy, Michael Levi of the US Council on Foreign Relations, and Adam Sieminski of the US Energy Information Administration. Many industrial and top-management figures from institutions such as Barclays Capital, JP Morgan, Korea Gas, Inc, and SK E&S also attended and presented during the forum. During the whole-day session, animated discussion covered many significant issues, shedding light on economic, security, geopolitical, and environmental concerns.

Career Development Center

Career Development Center

Career Development Center

In order to assist students in securing employment, the DIS recently established a Career Development Center (CDC), which will provide students with employment information in career areas related to international studies. The CDC will also strive to connect DIS with contacts and networks in international and domestic corporations.