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Commencement Ceremony Honors the Class of 2022
Third online commencement ceremony since the pandemic outbreak celebrates 2741 graduates The 2022 commencement ceremony convened online on February 18 to celebrate and award degrees to the Class of 2022. The graduating class of 2022 included 663 PhDs, 1,383 Masters, and 695 Bachelors. The limited number of attendees included 86 graduate representatives and approximately 20 faculty members in senior leadership, as well as Korea’s Minister of Science and ICT Hyesook Lim. The ceremony was livestreamed on KAIST’s YouTube channel. Valedictorian Ji-Young Lee from the Department of Physics received the Minister of Science and ICT’s Award. Yu-Jin Bang from the School of Business and Technology Management was the Awardee of the Chairman of the KAIST Board of Trustees and the KAIST Presidential Awardee was Jong-Hwan Lee from the Department of Mathematical Sciences. KAIST conferred honorary doctorates to Honorary Chairman Jae-Chul Kim of Dongwon Group and Chairman Sung-Hwan Chang of Samsung Brush. Chairman Kim, whose donation funded the establishment of the Kim Jae-Chul Graduate School of AI, was awarded an honorary doctorate of science technology. Chairman Chang was awarded an honorary doctorate of business administration in recognition of his funding in the fields of medical science and engineering at KAIST. This year’s undergraduate commencement speaker was Hye-Lin Park from the School of Computing. She has severe cerebral palsy and was the first student admitted to KAIST with a severe physical handicap. “I loved mathematics and wanted to become a mathematician. When I learned programming in my second year, I was so mesmerized by it that I transferred to the School of Computing,” said Park, who plans to continue studying programming languages in graduate school at KAIST. “I spent my entire life of 24 years in this beautiful wheelchair. Without the support and help of my parents, friends, and my special teachers who helped me move and study at the campus, I would not have made it this far,” said Park. For easier access to classrooms and facilities, KAIST started to remodel its facilities to make the entrance of buildings more wheelchair-friendly. Park made many suggestions to the Office of Student Life and the Facilities Management Office on how to ease mobility for handicapped people on campus. The physical education course that was required for graduation was also revised to stipulate exceptions. Minister Lim stressed the role of young scientists and researchers in these times of digital transformation dominated by AI and the metaverse. She encouraged the graduates to carry out their dreams with warm hearts and challenging spirits. KAIST President Kwang Hyung Lee also stressed the power of dreams, calling for graduates to dream big even in times of uncertainty. “Humanity stands at an inflection point in history. The fourth industrial revolution and outbreak of Covid-19 have unfolded the grand global transformation. Although the future gives us new opportunities, it also comes with anxiety regarding the uncertainties ahead.” “Dreams make your heart race and push us to live life to the fullest. Dreams will help you keep moving forward even in the face of adversity,” he said.
2022.02.18
View 4849
President Lee Presents Plans to Nurture Next-Generation Talents
President Lee stressed that nurturing medical scientists, semiconductor R&D personnel, startup entrepreneurs, and global innovators are key missions he will continue to pursue during a news conference KAIST President Kwang Hyung Lee said that nurturing medical scientists, semiconductor R&D personnel, startup entrepreneurs, and global innovators are key missions he will continue to pursue during an online news conference marking the 1st anniversary of him becoming the president on February 15. He said that nurturing physician-scientists is the most critical mission for KAIST to help the nation create a new growth engine. He said KAIST will help the nation drive the bio-industry and provide medical science resources for the nation’s health sector. To this end, he said that KAIST will open its Medical Science and Technology School by 2026. “We plan to expand the current Graduate School of Medical Science and Engineering into a new Medical Science and Technology School that will focus entirely on a condensed MD-PhD course converging the fields of AI, bio, and physics,” he said. The school aims to foster medical scientists whose research results will eventually be commercialized. He said that the university is now discussing revisions to related laws and regulations with the government and other universities. To supply human resources to the semiconductor industry, President Lee said the university will add a campus in Pyongtaek City that will serve as an advanced convergence research hub in the field of next generation semiconductors in collaboration with Samsung Electronics and the city of Pyongtaek. The three-stage opening plan projected the final opening of the campus by 2036. During the first stage, which will be completed by 2026, it will construct the campus infrastructure in Pyongtaek city where Samsung Semiconductors runs two massive semiconductor complexes. By 2031, it plans to launch the open research platform including a future cities research center and future vehicles research center. The campus will open the global industrial collaboration cluster hub by 2036. In the global arena, President Lee said he is working to open the New York campus with stakeholders in the United States. He announced the plan last December that was endorsed by New York-based entrepreneur Hee-Nam Bae, the chairman of Big Continent Inc. President Lee and Chairman Lee signed an MOU for the funding to open the campus in New York. “We are discussing how to facilitate the plan and best accommodate the interests and potential of our students. Many ideas and plans are on the table and we think it will take longer than expected to finalize the plan,” explained President Lee. However, he added that the basic idea is to offer art tech and health technology programs as well as an AI-based finance MBA at the New York campus, in addition to it serving as the startup accelerator of KAIST. President Lee stressed the importance of technology commercialization when successfully launching KAIST Holdings last month to help spinoffs of KAIST labs accelerate their end results. He said that KAIST Holdings will build a virtuous supporting system to commercialize the technology startups coming from KAIST. “We plan to list at least 10 KAIST startups on the KOSDAQ and two on the NASDAQ by 2031. KAIST Holdings also aims to nurture companies valued at a total of one billion KRW and earn 100 billion KRW in technology fees by 2031.
2022.02.17
View 5415
Research Finds Digital Music Streaming Consumption Dropped as a Result of Covid-19 and Lockdowns
Decline in human mobility has stunning consequences for content streaming The Covid-19 pandemic and lockdowns significantly reduced the consumption of audio music streaming in many countries as people turned to video platforms. On average, audio music consumption decreased by 12.5% after the World Health Organization’s (WHO) pandemic declaration in March 2020. Music streaming services were an unlikely area hit hard by the Covid-19 pandemic. New research in Marketing Science found that the drop in people’s mobility during the pandemic significantly reduced the consumption of audio music streaming. Instead, people turned more to video platforms. “On average, audio music consumption decreased by more than 12% after the World Health Organization’s (WHO) pandemic declaration on March 11, 2020. As a result, during the pandemic, Spotify lost 838 million dollars of revenue in the first three quarters of 2020,” said Jaeung Sim, a PhD candidate in management engineering at KAIST and one of the authors of the research study on this phenomenon. “Our results showed that human mobility plays a much larger role in the audio consumption of music than previously thought.” The study, “Frontiers: Virus Shook the Streaming Star: Estimating the Covid-19 Impact on Music Consumption,” conducted by Sim and Professor Daegon Cho of KAIST, Youngdeok Hwang of City University of New York, and Rahul Telang of Carnegie Mellon University, looked at online music streaming data for top songs for two years in 60 countries, as well as Covid-19 cases, lockdown statistics, and daily mobility data, to determine the nature of the changes. The study showed how the pandemic adversely impacted music streaming services despite the common expectation that the pandemic would universally benefit online medias platforms. This implies that the substantially changing media consumption environment can place streaming music in fiercer competition with other media forms that offer more dynamic and vivid experiences to consumers. The researchers found that music consumption through video platforms was positively associated with the severity of Covid-19, lockdown policies, and time spent at home. -PublicationJaeung Sim, Daegon Cho, Youngdeok Hwang, and Rahul Telang,“Frontiers: Virus Shook the Streaming Star: Estimating the Covid-19 Impact on Music Consumption,” November 30 in Marketing Science online (doi.org/10.1287/mksc.2021.1321) -Profile Professor Daegon ChoGraduate School of Information and Media ManagementCollege of BusinessKAIST
2022.02.15
View 4997
Thermal Superconductor Lab Becomes the 7th Cross-Generation Collaborative Lab
The Thermal Superconductor Lab led by Senior Professor Sung Jin Kim from the Department of Mechanical Engineering will team up with Junior Professor Youngsuk Nam to develop next-generation superconductors. The two professor team was selected as the 7th Cross-Generation Collaborative Lab last week and will sustain the academic legacy of Professor Kim’s three decades of research on superconductors. The team will continue to develop thin, next-generation superconductors that carry super thermal conductivity using phase transition control technology and thin film packaging. Thin-filmed, next-generation superconductors can be used in various high-temperature flexible electronic devices. The superconductors built inside of the semiconductor device packages will also be used for managing the low-powered but high-performance temperatures of semiconductor and electronic equipment. Professor Kim said, “I am very pleased that my research, know-how, and knowledge from over 30 years of work will continue through the Cross-Generation Collaborative Lab system with Professor Nam. We will spare no effort to advance superconductor technology and play a part in KAIST leading global technology fields.” Junior Professor Nam also stressed that the team is excited to continue its research on crucial technology for managing the temperatures of semiconductors and other electronic equipment. KAIST started this innovative research system in 2018, and in 2021 it established the steering committee to select new labs based on: originality, differentiation, and excellence; academic, social, economic impact; the urgency of cross-generation research; the senior professor’s academic excellence and international reputation; and the senior professor’s research vision. Selected labs receive 500 million KRW in research funding over five years.
2022.01.27
View 3104
Seven Faculty Members Elected to Join the National Academy of Engineering of Korea
< Clockwise from top left: Professor Doo-Hwan Bae, Professor Seung Seob Lee, Professor Kyung Cheol Choi, Professor JaeYong Choung > Seven KAIST faculty members have been elected as National Academy of Engineering of Korea (NAEK) members and associate members. NAEK, the most prestigious engineering society in Korea, elects new members with a minimum of 15 years of experience in engineering in academia and business every year. In 2022, 24 members were newly elected from academia, including four KAIST faculty members: Professor Doo-Hwan Bae from the SW Education Center, KAIST Provost and Executive Vice President Seung Seob Lee, Professor JaeYong Choung from the School of Business and Technology Management, and Professor Kyung Cheol Choi of the School of Electrical Engineering. In the business sector, 21 members were elected as members in business, including Vice Chairman Jong-hee Han of Samsung Electronics, CEO Hyeon-Mo Ku of KT, President Sang-Ryul Lee of the Korea Aerospace Research Institute, President Kyo Won Jin of SK Hynix, CEO Eunkang Song of Capstone Partners, and Executive Vice President Se-hoon Kim of Hyundai Motor Company. Among the newly elected 40 associate members from academia, three KAIST professors were listed: Professor Sukyoung Ryu from the School of Computing, Professor Joongmyeon Bae from the Department of Mechanical Engineering, and Professor EunAe Cho from the Department of Materials Science and Engineering. Another 44 members were elected as associate members in business, including Vice Chairman Hag-Dong Kim of POSCO, President Seong-Hyeon Cho of Mando Corp, President Siyoung Choi of Samsung Electronics, President Joo Sun Choi of Samsung Display, and Chairman Byung-Gyu Chang of Krafton. NAEK evaluates candidates not only on their academic achievements, but on various other criteria including technological achievements, patents, the nurturing of talents, and contributions to the advancements of the industry. Candidates are then elected through written ballots by the members of NAEK. There are now 294 members and 360 associate members of NAEK.
2022.01.14
View 3544
KAIST and KNUA to Collaborate on Culture Technology
Distinguished Visiting Scholar Soprano Sumi Jo Accompanied by AI pianist ‘VirtuosoNet’ during the Special Concert at KAIST KAIST will expand the convergence of arts education and culture technology research in collaboration with the Korea National University of Arts (KNUA), the nation’s top arts university. KAIST President Kwang Hyung Lee signed an MOU with President Daejin Kim of the Korea National University of Art on January 6 at KAIST’s Daejeon campus for collaborations in arts education and research. KAIST and KNUA will expand educational programs such as student exchanges and co-credit programs. The two universities will team up for cooperation focusing on research centers and academic conferences for the creation of culture technology and convergence arts. Minister of Culture, Sports, and Tourism Hee Hwang also attended the ceremony. Minister Hwang said that the Ministry will invest 132 billion KRW in R&D for developing metaverse and content technologies. He added that this collaboration will be a very meaningful turning point for creating a new culture combining high-level technologies. President Kim also expressed his expectations saying, “The collaboration of our two universities will generate a huge synergistic impact for nurturing talents and the creation of convergence arts. President Lee said that the collaboration with KNUA will take KAIST another step forward as it aims to foster well-rounded talents. “We look forward to proactive collaborative research that will expand the new chapter of convergence arts and future stage performances.” Right after the signing ceremony, world renowned soprano Sumi Jo, who was named a Distinguished Visiting Scholar, took the KAIST auditorium stage for a special concert. AI pianist ‘VirtuosoNet’, developed by Professor Juhan Nam at the Graduate School of Culture Technology, made its debut at the concert by playing Mozart’s Turkish March arranged by Arcardi Volrodos. VirtuosoNet also accompanied Soprano Jo on one of her songs. The concert by Sumi Jo and AI pianist VirtuosoNet heralds what KAIST is pursuing for education and research in culture technology. The Graduate School of Culture Technology plans to conduct research on future culture industries combined with technologies for the metaverse. The Sumi Jo Performing Arts Research Center will conduct research on performing technologies together with virtual artists. Head of the Graduate School of Culture Technology Woontack Woo said that KAIST will expand the sphere of the culture industry including tourism in collaboration with KNUA by incorporating technology into arts.
2022.01.10
View 4164
AI Weather Forecasting Research Center Opens
The Kim Jaechul Graduate School of AI in collaboration with the National Institute of Meteorological Sciences (NIMS) under the National Meteorological Administration launched the AI Weather Forecasting Research Center last month. The KAIST AI Weather Forecasting Research Center headed by Professor Seyoung Yoon was established with funding from from the AlphaWeather Development Research Project of the National Institute of Meteorological Sciences. KAIST was finally selected asas the project facilitator. AlphaWeather is an AI system that utilizes and analyzes approximately approximately 150,000 ,000 pieces of weather information per hour to help weather forecasters produce accurate weather forecasts. The research center is composed of three research teams with the following goals: (a) developdevelop AI technology for precipitation nowcasting, (b) developdevelop AI technology for accelerating physical process-based numerical models, and (c) develop dAI technology for supporting weather forecasters. The teams consist of 15 staff member members from NIMS and 61 researchers from the Kim Jaechul Graduate School of AI at KAIST. The research center is developing an AI algorithm for precipitation nowcasting (with up to six hours of lead time), which uses satellite images, radar reflectivity, and data collected from weather stations. It is also developing an AI algorithm for correcting biases in the prediction results from multiple numerical models. Finally, it is Finally, it is developing AI technology that supports weather forecasters by standardizing and automating repetitive manual processes. After verification, the the results obtained will be used by by the Korean National Weather Service as a next-generation forecasting/special-reporting system intelligence engine from 2026.
2022.01.10
View 3128
Face Detection in Untrained Deep Neural Networks
A KAIST team shows that primitive visual selectivity of faces can arise spontaneously in completely untrained deep neural networks Researchers have found that higher visual cognitive functions can arise spontaneously in untrained neural networks. A KAIST research team led by Professor Se-Bum Paik from the Department of Bio and Brain Engineering has shown that visual selectivity of facial images can arise even in completely untrained deep neural networks. This new finding has provided revelatory insights into mechanisms underlying the development of cognitive functions in both biological and artificial neural networks, also making a significant impact on our understanding of the origin of early brain functions before sensory experiences. The study published in Nature Communications on December 16 demonstrates that neuronal activities selective to facial images are observed in randomly initialized deep neural networks in the complete absence of learning, and that they show the characteristics of those observed in biological brains. The ability to identify and recognize faces is a crucial function for social behavior, and this ability is thought to originate from neuronal tuning at the single or multi-neuronal level. Neurons that selectively respond to faces are observed in young animals of various species, and this raises intense debate whether face-selective neurons can arise innately in the brain or if they require visual experience. Using a model neural network that captures properties of the ventral stream of the visual cortex, the research team found that face-selectivity can emerge spontaneously from random feedforward wirings in untrained deep neural networks. The team showed that the character of this innate face-selectivity is comparable to that observed with face-selective neurons in the brain, and that this spontaneous neuronal tuning for faces enables the network to perform face detection tasks. These results imply a possible scenario in which the random feedforward connections that develop in early, untrained networks may be sufficient for initializing primitive visual cognitive functions. Professor Paik said, “Our findings suggest that innate cognitive functions can emerge spontaneously from the statistical complexity embedded in the hierarchical feedforward projection circuitry, even in the complete absence of learning”. He continued, “Our results provide a broad conceptual advance as well as advanced insight into the mechanisms underlying the development of innate functions in both biological and artificial neural networks, which may unravel the mystery of the generation and evolution of intelligence.” This work was supported by the National Research Foundation of Korea (NRF) and by the KAIST singularity research project. -PublicationSeungdae Baek, Min Song, Jaeson Jang, Gwangsu Kim, and Se-Bum Baik, “Face detection in untrained deep neural network,” Nature Communications 12, 7328 on Dec.16, 2021 (https://doi.org/10.1038/s41467-021-27606-9) -ProfileProfessor Se-Bum PaikVisual System and Neural Network LaboratoryProgram of Brain and Cognitive EngineeringDepartment of Bio and Brain EngineeringCollege of EngineeringKAIST
2021.12.21
View 6396
KAIST ISPI Releases Report on the Global AI Innovation Landscape
Providing key insights for building a successful AI ecosystem The KAIST Innovation Strategy and Policy Institute (ISPI) has launched a report on the global innovation landscape of artificial intelligence in collaboration with Clarivate Plc. The report shows that AI has become a key technology and that cross-industry learning is an important AI innovation. It also stresses that the quality of innovation, not volume, is a critical success factor in technological competitiveness. Key findings of the report include: • Neural networks and machine learning have been unrivaled in terms of scale and growth (more than 46%), and most other AI technologies show a growth rate of more than 20%. • Although Mainland China has shown the highest growth rate in terms of AI inventions, the influence of Chinese AI is relatively low. In contrast, the United States holds a leading position in AI-related inventions in terms of both quantity and influence. • The U.S. and Canada have built an industry-oriented AI technology development ecosystem through organic cooperation with both academia and the Government. Mainland China and South Korea, by contrast, have a government-driven AI technology development ecosystem with relatively low qualitative outputs from the sector. • The U.S., the U.K., and Canada have a relatively high proportion of inventions in robotics and autonomous control, whereas in Mainland China and South Korea, machine learning and neural networks are making progress. Each country/region produces high-quality inventions in their predominant AI fields, while the U.S. has produced high-impact inventions in almost all AI fields. “The driving forces in building a sustainable AI innovation ecosystem are important national strategies. A country’s future AI capabilities will be determined by how quickly and robustly it develops its own AI ecosystem and how well it transforms the existing industry with AI technologies. Countries that build a successful AI ecosystem have the potential to accelerate growth while absorbing the AI capabilities of other countries. AI talents are already moving to countries with excellent AI ecosystems,” said Director of the ISPI Wonjoon Kim. “AI, together with other high-tech IT technologies including big data and the Internet of Things are accelerating the digital transformation by leading an intelligent hyper-connected society and enabling the convergence of technology and business. With the rapid growth of AI innovation, AI applications are also expanding in various ways across industries and in our lives,” added Justin Kim, Special Advisor at the ISPI and a co-author of the report.
2021.12.21
View 4361
KPC4IR Publishes Global Standards Mapping Initiative 2.0
The report highlights South Korea as an early adopter of blockchain in policy and business The KAIST Policy Center for the 4IR (KPC4IR), one of the nine working groups of the Global Blockchain Business Council (GBBC), published the Global Standards Mapping Initiative (GSMI) 2.0, highlighting Korea as an early adopter of blockchain. The report also offers an overview of how blockchain was adopted through an analysis of policy and business cases of South Korea. In partnership with 131 institutions, GSMI 2.0 maps, catalogues, and analyzes data from 187 jurisdictions, 479 industry consortia, 38 technical standards, and 389 university courses and degree programs to provide a holistic view of the industry’s global activity. Among the nine working groups, KAIST is the sole investigator for researching South Korea’s adoption of blockchain for policy and business. It says that in terms of policy and regulations for blockchain as a virtual asset, South Korea amended the Act on Reporting and Using Specific Financial Transaction Information to comply with the Financial Action Task Force’s recommendations. The report also reviewed South Korea’s blockchain R&D. Seventeen ministries have funded 417 projects to cultivate blockchain inventions since 2015. Significantly, the Ministry of Science and ICT’s Blockchain Convergence Technology Development Program supported 50 projects between 2018 and 2021. Their R&D focused on virtual assets during the initial stage in 2015 and soon shifted its application to various domains, including identification and logistics. The report noted that the Korea Customs Service was one of the first agencies in the world to introduce blockchain into customs clearance. Through collaborations with the private sector, the Korean government has also created the world’s first blockchain-based vaccination certification services and extended it to a globally integrated decentralized identity system. Finally, the report states that these South Korean cases highlight three ambiguities in blockchain policies. First, blockchain involves both financial and industrial features. Thus, it needs a new regulatory framework that embraces the two features together. Second, integrating services on a blockchain platform will bring forth seamless automation of industries across the manufacturing, financial, and public sectors. South Korea, which already has well-proven manufacturing capabilities, is in need of a comprehensive strategy to encompass multiple services on one platform. Third, the two cases of the government’s adoption of blockchain suggest that innovations in blockchain can be facilitated through effective cooperation among government ministries and agencies regarding particular businesses in the private sector. Consequently, the government’s policy is not simply to invest in virtual assets but also to develop a virtual-physical world woven by blockchain. The new environment demands that South Korea transform its policy stances on blockchain, from specialization to comprehensiveness and cooperation. Professor So Young Kim who heads the center said, “This report shows the main lessons from South Korea for other countries adopting blockchain. We will continue to work closely with our partners including the World Economic Forum to investigate many other global issues.”
2021.12.21
View 3465
A Study Shows Reactive Electrolyte Additives Improve Lithium Metal Battery Performance
Stable electrode-electrolyte interfaces constructed by fluorine- and nitrogen-donating ionic additives provide an opportunity to improve high-performance lithium metal batteries A research team showed that electrolyte additives increase the lifetime of lithium metal batteries and remarkably improve the performance of fast charging and discharging. Professor Nam-Soon Choi’s team from the Department of Chemical and Biomolecular Engineering at KAIST hierarchized the solid electrolyte interphase to make a dual-layer structure and showed groundbreaking run times for lithium metal batteries. The team applied two electrolyte additives that have different reduction and adsorption properties to improve the functionality of the dual-layer solid electrolyte interphase. In addition, the team has confirmed that the structural stability of the nickel-rich cathode was achieved through the formation of a thin protective layer on the cathode. This study was reported in Energy Storage Materials. Securing high-energy-density lithium metal batteries with a long lifespan and fast charging performance is vital for realizing their ubiquitous use as superior power sources for electric vehicles. Lithium metal batteries comprise a lithium metal anode that delivers 10 times higher capacity than the graphite anodes in lithium-ion batteries. Therefore, lithium metal is an indispensable anode material for realizing high-energy rechargeable batteries. However, undesirable reactions among the electrolytes with lithium metal anodes can reduce the power and this remains an impediment to achieving a longer battery lifespan. Previous studies only focused on the formation of the solid electrolyte interphase on the surface of the lithium metal anode. The team designed a way to create a dual-layer solid electrolyte interphase to resolve the instability of the lithium metal anode by using electrolyte additives, depending on their electron accepting ability and adsorption tendencies. This hierarchical structure of the solid electrolyte interphase on the lithium metal anode has the potential to be further applied to lithium-alloy anodes, lithium storage structures, and anode-free technology to meet market expectations for electrolyte technology. The batteries with lithium metal anodes and nickel-rich cathodes represented 80.9% of the initial capacity after 600 cycles and achieved a high Coulombic efficiency of 99.94%. These remarkable results contributed to the development of protective dual-layer solid electrolyte interphase technology for lithium metal anodes. Professor Choi said that the research suggests a new direction for the development of electrolyte additives to regulate the unstable lithium metal anode-electrolyte interface, the biggest hurdle in research on lithium metal batteries. She added that anode-free secondary battery technology is expected to be a game changer in the secondary battery market and electrolyte additive technology will contribute to the enhancement of anode-free secondary batteries through the stabilization of lithium metal anodes. This research was funded by the Technology Development Program to Solve Climate Change of the National Research Foundation in Korea funded by the Ministry of Science, ICT & Future Planning and the Technology Innovation Program funded by the Ministry of Trade, Industry & Energy, and Hyundai Motor Company. - PublicationSaehun Kim, Sung O Park, Min-Young Lee, Jeong-A Lee, Imanuel Kristanto, Tae Kyung Lee, Daeyeon Hwang, Juyoung Kim, Tae-Ung Wi, Hyun-Wook Lee, Sang Kyu Kwak, and NamSoon Choi, “Stable electrode-electrolyte interfaces constructed by fluorine- and nitrogen-donating ionic additives for high-performance lithium metal batteries,” Energy Storage Materials,45, 1-13 (2022), (doi: https://doi.org/10.1016/j.ensm.2021.10.031) - ProfileProfessor Nam-Soon ChoiEnergy Materials LaboratoryDepartment of Chemical and Biomolecular EngineeringKAIST
2021.12.16
View 5257
KAIST Plans to Open a New York Campus
President Lee signs an MOU with New York-based Big Continent Inc. Chairman Hee-Nam Bae on funding the New York campus President Kwang Hyung Lee announced a plan to open a KAIST campus in New York with funding from New York-based entrepreneur Hee-Nam Bae. President Lee and Big Continent Inc. Chairman Hee-Nam Bae signed the MOU last week for the funding to open the campus in New York. President Lee said it will take years to open up a campus in New York in order to conform with both Korean and US legal procedures. However, during a news conference in New York following the signing of the MOU with Chairman Bae, President Lee said this is the first step toward realizing KAIST’s new vision of a ‘Global Twin Strategy’ by making New York KAIST’s newest stronghold to target both domestic and global markets. “New York is the center of the world’s commerce, culture, and new technologies. If we want to grow big, we should go to one of the biggest cities in the world and New York is the place. I highly encourage our students and faculty go into the world and never be satisfied enjoying the top position in Korea. The next place to investigate will be Silicon Valley,” said President Lee. “We still have many issues to resolve domestically. We need to discuss more details first with the Board of Trustees and the Korean government,” he added. The New York campus will aim to become an enterprise-type university to help KAIST create global value. "Our goal is to make sure that Korean businesses gain competitiveness in the global market and can become listed on the NASDAQ. We plan to open majors related to AI, financial engineering, and cultural technologies. We will recruit students from both the US and KAIST to study at our New York campus.” President Lee said. Chairman Bae, a self-made entrepreneur who immigrated to the US in 1981, also leads the Global Leadership Foundation in the US. “President Lee and I have already toured several candidate sites for the campus in the New York region and we will make a final decision on the best site to purchase,” said Chairman Bae. Chairman Bae added that he has always dreamed of fostering young global talents who will take on global challenges with pioneering minds. He believes KAIST shares this global vision. The New York campus will be the first KAIST campus for global students funded by someone from the private sector. This is also a major step forward for KAIST, which was founded by a six million dollar USAID loan in 1971. KAIST announced its plans to establish Kenya KAIST in 2018 with funding from the Korea Eximbank’s 95 million USD development cooperation fund loan to the Kenyan government. KAIST will provide turn-key-based education consultancy featuring curriculum design and the construction of facilities for Kenya’s first advanced science and technology institute. The campus will be located in the Konza Techno City near Nairobi and plans to open in 2023.
2021.12.13
View 5359
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