The Yonsei Sangnam Institute of Management has been selected by the European Commission (EC) as the educational institute for Korean and Asian Market Management. The Executive Training Program (ETP), established and funded by EC, is oriented towards informing the business environment in Korea to the executives in EU member countries and strengthening the business conditions in Korea. As the one and only executive training institute, the Sangnam Institute of Management has conducted three ETPs from 2007 to 2010. For three years from 2013 to 2015, the new ETP in the Sangnam Institute of Management will carry out diverse programs. The programs offered in its first year will include Studies in Korean Business Culture, Cross-Cultural Research (one month); Korean Enterprise Training, Korean Language (eight months); and Korean Enterprise Internship, Korean Language (three months.