On March 28, the Yonsei School of Business (Dean Kim Tae-hyun) agreed on a memorandum of understanding (MOU) with the University of Chicago Graduate School of Business regarding student exchange. According .to this agreement, students who have studied for at least one year in Yonsei’s MBA program will be able to study at Chicago and also have their credits from Yonsei acknowledged. Students from the U.S. will also be able to study at Yonsei, making it possible for students of each culture to learn about the business culture of the other country. Exchange students will be going to Chicago beginning in the Winter term of 2007.