Dr. Il SaKong (MBA '66, Ph.D. '69) today received the 2014 Dean's Global Service Award from UCLA Anderson School Dean Judy Olian. The Dean’s Global Service Award is an honor bestowed upon a distinguished alumnus or alumnae in recognition of exceptional service and global impact on behalf of the school. Dr. SaKong is the third recipient of the Dean's Global Service award, joining Guillermo Tagle Quiroz of Santiago, Chile, and Yuji Tsutsumi of Tokyo, Japan.
Before the award presentation, Dr. SaKong, chairman and CEO of the Institute for Global Economics and the former finance minister of the Republic of Korea, addressed a full-house crowd in UCLA Anderson's Executive Dining Room, discussing a wide-range of economic issues facing South Korea and Asia before sitting down for a chat with Dean Olian. In discussing his home country, he said that the challenges facing South Korea include enhancing its rapidly declining growth potential (with GDP expected to be about 3.7 percent this year), to increase female participation in the workforce and to establish a more business-friendly regulatory environment.