KAIST

- Dongwon Group Honorary Chairman Kim Jae-chul, following his 2020 donation of 50 billion won, donates an additional 4.4 billion won to strengthen the AI education and research infrastructure

- The additional donation of 4.4 billion won will be used to build a new AI education and research building

- “In the AI era, there will be a new future in the sea of data. Please become the world’s No. 1 research group.” - Honorary Chairman Kim Jae-chul

KAIST (President Kwang Hyung Lee) announced on the 6th of January that Dongwon Group's Honorary Chairman Kim Jae-chul has pledged an additional development fund of 4.4 billion won to strengthen the AI education and research infrastructure. This is his second donation following the 50 billion won donated in 2020.

In 2020, Chairman Kim expressed his hope that KAIST acquire the highest level of capabilities in the field of AI by establishing the "Kim Jaechul Graduate School of AI" with his donation. Upon hearing that KAIST's AI research level was ranked fifth in the world, Chairman Kim asked that it be raised to first.

In response to Chairman Kim's request, President Kwang Hyung Lee explained, "The number of AI professors at Carnegie Mellon University (CMU), currently ranked first in the world, is 45. To surpass this, the KAIST AI Graduate School's faculty should be expanded from its current level of 20 to 50, and a research building should be built so that they can focus on research." Chairman Kim responded, "I'll build that building for you, so don’t worry about that." 

KAIST will use 48.3 billion won of the donated funds to build an education and research building with a total floor area of 18,182㎡ (5,500 pyeong) on eight floors above ground and one floor below ground. The new building, which is scheduled to be completed in February 2028, is expected to be a world-class educational research facility that can house 50 professors and 1,000 students.

Chairman Kim said, “When I was young, I looked for the future of Korea in the blue ocean of the world, but in the AI era, a new future will be in the ocean of data,” and explained the purpose of the donation, saying, “I hope that Korea will be able to lead the era of the 4th industrial revolution by fostering global core talents who can leap forward as leaders in the era of data exploration.”

President Kwang Hyung Lee said, “I respect Chairman Kim’s decision to open a new horizon for fostering next-generation scientific talents who will lead the world. KAIST will grow the Kim Jaechul Graduate School of AI into the world’s No. 1 AI research group, just as Chairman Kim wishes.”

Meanwhile, with this donation, President Kwang Hyung Lee has raised 261.2 billion won in donations during his tenure (1,400 days), raising an average of 186 million won per day.