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I feel that only Koreans understand the value from those schools. If you plan to work/live in Korea, then yes, it’s worth it. If not, going to a top tier business schools in the US would be of more value.
The class size tends to be tiny, i believe. The competition did not sound bad though. One data point but my college buddy (who was working in one of the chaebol business units) went to one of those programs full time and had to settle for a job he wouldn’t have left his old job for. Just One data point
Even if you plan to work in Korea, American MBA is more recognized