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STX Shipbuilding Co, one of Korea"s leading shipbuilders, signed a memorandum of understanding with KAIST to donate 500 million won (about US$480,000) to Korea"s premier research university on Tuesday, June 17.
KAIST President Nam-Pyo Suh and STX Shipbuilding Vice Chairman In-Sung Lee signed the MOU in a ceremony at the KAIST attended by about 20 officials from the university and STX.
STX Shipbuilding donated the sum for the promotion of industrial-academia research projects at KAIST. It will be spent on supporting students" academic activities and scholarships, according to KAIST authorities.
At the signing ceremony, the two institutions also agreed to collaborate in the development of joint research projects and on-the-job training.
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