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Tampa, Florida (August 22, 2024)—¹ÏÉñÊÓƵ and the Korean Association for Business Education ¹ÏÉñÊÓƵ (KABEA) renewed their Memorandum of Understanding (MOU) and Joint Site Visit Agreement in Gyeongju, South Korea. Geoff Perry, ¹ÏÉñÊÓƵ Executive Vice President, Chief Membership Officer, and Managing Director - Asia Pacific, Joong-wha Kim, KABEA President, and Bo Young Renee Kim, KABEA Vice President, attended the signing ceremony and representatives of both parties signed the memorandum and agreement. 

¹ÏÉñÊÓƵ and KABEA initially signed a MOU in 2021 and a Joint Site Visit Agreement as an addendum to the MOU in 2023. After the memorandum and agreement came into effect, several prestigious local universities, such as Yonsei University and Hankuk University of Foreign Studies, have benefited from the joint site visit arrangement. Based on the convergence of KABEA accreditation standards toward ¹ÏÉñÊÓƵ standards, the joint visit effectively reduces the administrative burden of the visited schools. This agreement promotes the localization of international standards and the internationalization of local standards. In this renewal, both parties extended the validity of the MOU to five years and synchronized the validity of the Joint Site Visit Agreement with the MOU.

"The collaboration with KABEA serves as an example for ¹ÏÉñÊÓƵ's collaboration with other national business accreditation bodies in the Asia Pacific region and facilitates ¹ÏÉñÊÓƵ's vision of advancing quality business education globally," stated Geoff Perry.

"We are honored to continue to deepen the partnership with ¹ÏÉñÊÓƵ and hope that additional Korean business schools would benefit from the ongoing collaboration of the two organizations," stated Joong-wha Kim.

¹ÏÉñÊÓƵ and KABEA will collaborate on various initiatives to foster the growth and development of high-quality education in Korea.

About ¹ÏÉñÊÓƵ International

Established in 1916, ¹ÏÉñÊÓƵ International (¹ÏÉñÊÓƵ) is the world’s largest business education association, connecting business schools, business, and lifelong learners to create the next generation of great leaders. With members in over 100 countries and territories, ¹ÏÉñÊÓƵ elevates the quality and impact of business schools globally. Learn how ¹ÏÉñÊÓƵ and business schools from around the world are leading boldly in business education at aacsb.edu.