policy
KAIST and The Classic 500 Co., Ltd., an elder care provider based in Seoul, signed a memorandum of understanding to expand medical services by cooperating on the research of medical services and IT on March 24, 2015.
Twenty people from the two institutions, including President Steve Kang, Dong-Hyun Bak, CEO of The Classic 500 and Mun-Sul Jeong, a former KAIST Chairman of the Board, attended the signing ceremony.
Under the agreement, the two institutions will cooperate on mobile healthcare research and the development of a telemedicine system. They will also research and develop a system to better serve society with medical services.
The Classic 500, established by Konkuk University in Korea, provides nursing care services and assisted living facilities for senior citizens.
