Final Winner of CFA Institute Research Challenge Korea
Final Winner of CFA Institute
Research Challenge Korea
University team advances to Eastern Asia Challenge as Korea’s representatives -
▲ (From top left) Lee Sang-jun (Political Science,
‘15), Jang Han-gil (Economy, ‘15), Oh Seong-hyuk (Economy, ‘16),
(Business, ‘16), Lee Yoo-jeong (Business, ‘18)
Students Lee Sang-jun,
Jang Han-gil, Oh Seong-hyuk, Han Tae-young, and Lee Yoo-jeong, all of whom are enrolled at
Sogang University, won the championship at the CFA Institute Research Challenge
Korea (hereinafter referred to as the Korea Final), hosted by CFA Society Korea.
The award ceremony was held at the Conrad Hotel in Yeouido on February 26, and along
with a trophy awarded to the winning group, every team member will receive a
scholarship of $850 from the CFA program (exempting the association
registration fee and CFA exam fee) and will be given an opportunity to post for
internships and job searches on the CFA Society Korea website.
CFA Institute Research Challenge, for which the entire challenge is conducted
in English, is a corporate investment analysis presentation competition that
provides practical mentoring and intensive education on financial analysis and
professional ethics to undergraduate and graduate students around the world.
The students can gain practical experience by taking part in tests on report
writing and presentation skills.
competition is held in the order of ‘National (e.g. Korea Final) - Regional (e.g.
Eastern Asia) - Global (Global Final),’ and the Sogang team was selected for first
place in the Korea Final, meaning it will go on to represent the nation at the
next level, the Eastern Asia Challenge. In the Korea Final, 15 teams (six more
teams than the previous year’s challenge) applied for the challenge and displayed
fierce competition. In the first round, six teams were selected through evaluations
of the reports, presentations, and senior analyst assessments for applying participants
via the public application channel. Following this initial round, one winning team
and two runners-up with high scores were selected after the final presentation
Sogang University team, the eventual winners, analyzed Samsung Biologics, a
Korean company that is running the leading domestic CDMO (antibody
biopharmaceutical consignment production) and biosimilar business. Through a
report titled ‘Living in a Bubble,’ the team revealed that factors such as COVID
treatments, vaccines, and expansion of the 4th plant were judged as elements
that created an excessive bubble for the company’s stock price, and that, based
on the lack of momentum in the future, investment in COVID treatments
or new plant expansions could prove to become a bubble in the long run.
Lee Yoo-jeong said, “We tried to reflect the information from the market as
much as possible in our report and worked on the delivery power of the
presentation, which, we believe, helped us in securing this award. By enhancing
the company analysis and valuation skills honed through the school’s academic
activities, we feel like we have grown further.”