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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 8047 -
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 6944 -
Upbeat Message for a New Future at President Lee’s Inauguration
KAIST’s 17th President Kwang Hyung Lee reaffirmed his commitment to building a new future preparing for the post-AI era during his inauguration on March 8. The Board of Trustees selected the former provost and executive vice president as the new president, succeeding 16th President Sung-Chul Shin whose four-year term expired last month.
In his inaugural address, President Lee proposed a new culture strategy, ‘QAIST’ designed to foster more creative talents and ensure innovative research infrastructure. He said that the best way to stand out as a leading global university is to carve out our own distinctness.
The ceremony was live streamed via YouTube due to the social distancing guidelines, with a very limited number of distinguished guests attending. Among them were President Lee’s former student Jung-Ju Kim who started Nexon, now the world’s most popular online game company, and former Chairman of the Board of Trustees Moon-Soul Chung who President Lee worked with when he made the endowment for establishing the Department of Bio and Brain Engineering in 2001 and the Moon Soul Graduate School of Future Strategy in 2013.
In his induction speech, Chairman Woo Sik Kim of the Board of Trustees said that President Lee is a proven leader who has deep insight and passion and he will help KAIST make a new leap forward. “I believe that Professor Lee will be the right leader at this critical moment for the university, ushering in a new future for KAIST as it turns 50 this year.”
President Lee explained that for the next 50 years, KAIST should double down to identify the challenges humanity faces, then define and resolve them with unyielding innovations in education, research, technology commercialization, and internationalization.
“We definitely should pull together to produce sustainable global value that will serve the prosperity and happiness of all humanity, not only our nation. We will become one of the top 10 universities in the world when we realize all these goals. We can live up to the people’s expectations by producing creative global talent, staying ahead of new research topics, and producing corporations that will lead the nation’s industries.”
“To this end, I will continue to strive to help us achieve our mission of becoming a ‘Global Value Creative Leading University’ as described in KAIST Vision 2031. I will do my utmost to bring about the ‘KAIST New Culture Strategy, QAIST’ for a post-AI era.”
He added that he would like to inspire students and faculty to have more humanistic approaches in their education and learning. The ‘Q’ in “QAIST” refers to questioning. President Lee believes that the learning starts with questions and being curious about something. “We will innovate the educational system to have them question everything.”
Then, he said that he will focus on ‘A’dvanced research to prepare for the post AI-era. “We should be the first mover who can define and solve new problems. It’s more important to be the ‘first’ one than the ‘best’ one.” He also said he will create a new culture that failing would not be stigmatized, offering more chances after failing.
‘I’nternationalization is another vision the new president will continue to pursue. He plans to embrace greater diversity on the campus to achieve goals of 15% international faculty, 25% female faculty, and 15% international students by reshaping the recruiting policy. He will continue to expand KAIST campuses overseas.
‘S’tartup and technology commercialization will be the crucial areas where the president will make innovations. “I will fully support any startups at KAIST. I encourage every lab to start a startup,” he stressed. President Lee said he plans to increase KAIST’s annual revenue from technology commercialization fees to 100 billion KRW in 10 years, a step to secure financial independence. He plans to privatize the Institute of Technology Value Creation, which is responsible for technology commercialization at KAIST to enhance its competitiveness.
‘T’rust building is the prerequisite value for creating transparent and reliable management in finance and HR. President Lee said he would like to make a new organizational culture that will be more ethical, responsible, and autonomous with a high standard of integrity.
His predecessor, President Sung-Chul Shin lauded his successor in his congratulatory speech saying, “He is a president prepared for this job.”
“I have known him for more than 30 years. He is a man of action. With unparalleled ideas and prompt execution, he carried out all his duties efficiently for the Committee of Vision 2031 that he chaired, and played a central role in establishing the full vision of KAIST. First and foremost, he is a man of great passion, with a firm vision but a warm heart.”
Nexon founder and Chairman Jung-Ju Kim also made an emotional tribute to his former professor. Holding back tears, he said, “I was not a good student. I was struggling in my graduate courses so I had to drop out of my PhD course. But Professor Lee and his wife never gave up on me. They were so kind to me and were always encouraging despite my disappointing days. I am now ready to do something good for KAIST, for Professor Lee, and for the future of our society. I believe that President Lee will guide us down the new path for KAIST.” IDIS Holdings CEO Young-Dal Kim also attended the ceremony to congratulate his former professor on his inauguration.
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2021.03.09 View 7824