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New Members of KAST 2020
< Professor Zong-Tae Bae (Left) and Professor Sang Ouk Kim (Right) > Professor Zong-Tae Bae from the School of Management Engineering and Professor Sang Ouk Kim from the Department of Materials Science and Engineering became new fellows of the Korean Academy of Science and Technology (KAST) along with 22 other scientists in Korea. On November 22, KAST announced 24 new members for the year 2020. This includes seven scientists from the field of natural sciences, six from engineering, four from medical sciences, another four from policy research, and three from agriculture and fishery. The new fellows will begin their term from January next year, and their fellowships wll be conferred during the KAST’s New Year Reception to be held on January 14 in Seoul. (END)
2019.12.09
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Distinguished Professor Sukbok Chang Donates His Prize Money
The honoree of the 2019 Korea Best Scientist and Technologist Award, Distinguished Professor Sukbok Chang donated his prize money of one hundred million KRW to the Chemistry Department Scholarship Fund and the Lyu Keun-Chul Sports Complex Management Fund during a donation ceremony last week. Professor Chang won the award last month in recognition of his pioneering achievements and lifetime contributions to the development of carbon-hydrogen activation strategies, especially for carbon-carbon, carbon-nitrogen, and carbon-oxygen formations. Professor Chang, a world renowned chemist, has been recognized for his highly selective catalytic systems, allowing the controlled defunctionalization of bio-derived platform substrates under mild conditions and opening a new avenue for the utilization of biomass-derived platform chemicals. “All my achievements are the results of my students’ hard work and dedication. I feel very fortunate to have such talented team members. I want to express my sincere gratitude for such a great research environment that we have worked together in so far,” said Professor Chang at the ceremony. KAIST President Sung-Chul Shin said, “Not only will Professor Chang’s donation make a significant contribution to the Department of Chemistry, but also to the improvement of the Lyu Keun-Chul Sports Complex’s management, which directly links to the health and welfare of the KAIST community.” Professor Chang currently holds the position of distinguished professor at KAIST and director of the Center for Catalytic Hydrocarbon Functionalizations in the Institute for Basic Science (IBS). He previously received the Kyung-Ahm Academic Award in 2013 and the Korea Toray Science Award in 2018. All these prize money also went to the school. (END)
2019.08.26
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Professor Yim Decorated with the Chongjo Order of Merit
Professor Yong-Taek Yim from the Department of Mechanical Engineering was awarded the highest order of merit, the “Chongjo Keunjong Medal,” bestowed to public officials by the government in celebration of Invention Day on May 27. Professor Yim was recognized for his innovative achievements to increase royalty income by introducing an IP-based management system at the Korean Institute of Machinery & Materials. He served as the president of KIMM for three years from 2014. His idea led to new approaches to help explore diverse revenue creating sources such as dividend earnings and share sales, apart from simply relying on technology transfer fees. His efforts to disseminate the in-house R&D results also led to the foundation of six tech-based startups and spinoffs, which generated 11.2 billion KRW in sales. He also helped set up three spinoffs abroad. Professor Yim said, “I pushed employee invention as a new value creator at KIMM. I thank each and every researcher and staff member at KIMM who worked so hard to create such an innovative IP-based R&D environment.”
2019.05.28
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Professor Yim Appointed As Associate Editor of Nuclear Technology
Professor Man-Sung Yim from the Department of Nuclear and Quantum Engineering was appointed as the associate editor (for the Asian region) of Nuclear Technology ― a leading international research journal of the American Nuclear Society. Professor Yim will serve his term for three years from May 2019. The American Nuclear Society, established in 1954, is comprised of more than 11,000 global members and aims to advance nuclear science, engineering, and technology while supporting the peaceful and beneficial applications of nuclear energy. Since its first publication in 1971, Nuclear Technology has been a representative journal of the society, reporting state-of-the-art information on all phases of the practical applications of nuclear technology. Professor Yim is being recognized worldwide for his pioneering nuclear education, research, and policy studies in the fields of non-proliferation, safeguards for severe accident management, and waste management. He served as the head professor of the Department of Nuclear and Quantum Engineering and established the Nonproliferation Education and Research Center (NEREC) at KAIST. Professor Yim remarked, “Asia has an important role to play at the forefront of the world’s nuclear research considering that nuclear development is most actively being carried out in the Asian region these days.”
2019.05.17
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KAIST Earns AACSB Business School Accreditation
The KAIST College of Business re-earned business school accreditation from the Association to Advance Collegiate Schools of Business (AACSB) International. The school first earned the accreditation in 2003, and has continued to receive the accreditation four consecutive times. Currently only 5% of the 16,000 business schools around the world have earned AACSB accreditation. KAIST received a good evaluation for the competitive research of its faculty, its executive education programs based on strong industry-academia ties, and specialized MBA and master’s program, which includes programs such as social entrepreneurship and green business and policy.Alexander Triantis, dean of the Robert H. Smith School of Business at the University of Maryland and a judge for AACSB Accreditation said, “I was impressed to see students from KAIST have a high standard of knowledge. A number of its graduates continue to be appointed as professors of top universities abroad, which shows its strong global competence”. AACSB was founded in 1916 by deans of business colleges from prestigious universities such as Harvard University, Stanford University and Columbia University, to provide business and accounting accreditation to universities. Evaluation for AACSB accreditation takes place every five years. Schools are evaluated based on fifteen standards, including student admission and graduation requirements, student-faculty ratios, faculty’s intellectual contributions, research infrastructure, global cooperation, and industry-academia programs. They can be eligible for re-accreditation if they satisfy the conditions offered by AACSB International and are committed to continuous improvement every five years. KAIST also earned the accreditation from the European Foundation for Management Development Quality Improvement System (EQUIS) three consecutive times since 2010. In 2013, it earned membership into the Partnership in International Management (PIM). Membership is only possible for those who have AACSB and EQUIS accreditation and they can be listed as a candidate school through voting. The candidate schools can finally earn membership after one year of strict screening. As of January 2019, there are 65 prestigious graduate schools of business, including KAIST, listed as PIM members.
2019.02.01
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Strengthening Industry-Academia Cooperation with LG CNS
On November 20, KAIST signed an MoU with LG CNS for industry-academia partnership in education, research, and business in the fields of AI and Big Data. Rather than simply developing education programs or supporting industry-academia scholarships, both organizations agreed to carry out a joint research project on AI and Big Data that can be applied to practical business. KAIST will collaborate with LG CNS in the fields of smart factories, customer analysis, and supply chain management analysis. Not only will LG CNS offer internships to KAIST students, but it also will support professors and students who propose innovative startup ideas for AI and Big Data. Offering an industry-academia scholarship for graduate students is also being discussed. Together with LG CNS, KAIST will put its efforts into propose projects regarding AI and Big Data in the public sector. Furthermore, KAIST and LG CNS will jointly explore and carry out industry-academia projects that could be practically used in business. Both will carry out the project vigorously through strong cooperation; for instance, LG CNS employees can be assigned to KAIST, if necessary. Also, LG CNS’s AI and Big Data platform, called DAP (Data Analytics & AI Platform) will be used as a data analysis tool during the project and the joint outcomes will be installed in DAP. KAIST professors with expertise in AI deep learning have trained LG CNS employees since the Department of Industrial & Systems Engineering established ‘KAIST AI Academy’ in LG CNS last August. “With KAIST, the best research-centered university in Korea, we will continue to lead in developing the field of AI and Big Data and provide innovative services that create value by connecting them to customer business,” Yong Shub Kim, the CEO of LG CNS, highlighted.
2017.11.22
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Professor Duck-Joo Lee Awarded the 21st Century Grand Prize
Professor Duck-Joo Lee of the Department of Aerospace Engineering was awarded the 21st Century Grand Prize in the field of technology development by the New Industry Management Academy and the 21st Leaders Club on April 13. Professor Lee was honored in recognition of his contribution to the helicopter industry. He played a part in domestic helicopter development projects including the KUH-1 Surion (Korean Attack Helicopter), a twin-engine, transport utility helicopter as well as LAH (Light Armed Helicopter) and LCH (Light Civil Helicopter) projects. Since joining KAIST in 1988, Professor Lee supervised more than 26 PhDs and 27 MSs. He was responsible for hosting the 1st Asian-Australian Rotorcraft Forum and Exhibition and currently serves as vice president of the American Helicopter Society and the Korea Drone Industry Promotion Association. He also participated in open online courses on K-MOOC and Coursera. (Caption: Professor Lee (second from left in the first row) poses after receiving the award.)
2017.04.26
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FinTech Conference by KAIST, EDHEC-Risk Institute, Princeton, and Tsinghua
KAIST will partner with EDHEC-Risk Institute, Princeton University, and Tsinghua University to host a series of annual rotation conference on FinTech. The inaugural conference will be held in Princeton on April 26 and is entitled ‘Four-University Rotating FinTech Conference: Wealth Management Systems for Individual Investors.’ The conference will facilitate discussion among all interest parties of academics, practitioners, and regulators from around the world. Professor Woo Chang Kim of the Department of Industrial & Systems Engineering will represent KAIST. Professor Kim is also the head of the Center for Wealth Management Technologies at KAIST. In addition to Professor Kim, leading experts from the US, Asia, and Europe will present at the conference, including Andrew Yao (Turing Award recipient and founder of IIIS FinTech Center at Tsinghua University), John Bogle (founder of the Vanguard Group, and president of the Bogle Financial Markets Research Center), Lionel Martellini (director of EDHEC-Risk Institute), John Mashey (Bell Labs/Silicon Valley computer scientist/corporate executive), and John Mulvey (professor and founding member of the Bendheim Center for Finance at Princeton University). This year’s conference will feature following sessions: · Mass-Customization of Goal-Based Investment Solutions: The New Frontier in Digital Wealth Management Services · Goal-Based Investment via Multi-Stage Stochastic Goal Programming for Robo-Advisor Services · Big Data – Yesterday, Today and Tomorrow · Applying Machine Learning Concepts for Asset Allocation and ALM · FinTech: Drawing Strengths from Computing Theories · Savings and Investing to Achieve Retirement Goals: An Update Given Current Market Assumptions · The Rise of Robo-Advisors: A Threat or an Opportunity for the Wealth Management Industry? The conference will include the participation of official partner Samsung Asset Management.
2017.04.20
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2017 Summer Nuclear Nonproliferation Education Program
The Nuclear Nonproliferation Education and Research Center (NEREC) at KAIST announced its 30 scholarship recipients for the 2017 Summer Nuclear Nonproliferation Education Program on April 18. The six-week program, starting from July 10, will be run in Korea, Japan, and China. The program provides young global scholars with focused and challenging nuclear nonproliferation studies. Young scholars will be exposed to diverse science and technology policies and practices concurrently conducted in many countries and the future direction for enhancing nuclear nonproliferation. They will participate in a series of seminars, projects, international conferences, and field trips. Since its launch in 2014, the program has educated 71 young scholars. This year, more than 150 scholars from 37 countries applied for the program, reflecting the growing reputation of the program both at home and abroad. The director of the NEREC, Professor Man-Sung Yim of the Department of Nuclear and Quantum Engineering at KAIST said that young scholars from very prestigious foreign universities have shown strong interest in the program. According to Professor Yim, this year’s recipients are from 26 universities from 16 countries including Harvard University, Oxford University, the National Research Nuclear University of Russia, and the Tokyo Institute of Technology
2017.04.19
View 8299
KAIST and McKinsey Korea Agreed to Cultivate Management Leaders
KAIST and McKinsey Korea signed a memorandum of understanding (MOU) for the “Joint Research on Innovative Instructional Method to Cultivate Future Management Leaders” on April 8, 2016, at the SUPEX Management Hall of KAIST Management School in Seoul. Under the MOU, both organizations will cooperate in the following research areas: management strategies to overcome the low growth of Korean economy, instructional methods to foster leaders in the field of business and management, and innovative management systems for business. President Kang said, “We are pleased to work with McKinsey, a worldwide management consulting firm, to foster leaders in science and business. As we see more demanding challenges of managing and leading science-based businesses today, this alliance is indeed timely and will be very helpful.”
2016.04.15
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Prof. Jae-Kyu Lee Campaigns on "Bright Internet" Worldwide
Professor Jae-Kyu Lee (pictured on the right) from the College of Business at KAIST is one step closer to fulfilling his dream of achieving the “Bright Internet,” a campaign that he first proposed as he became the president of the Association for Information Systems (AIS) in June 2015. On December 12, 2015, Professor Lee signed a memorandum of understanding (MOU) at a convention center in Fort Worth, Texas, between the AIS and the International Telecommunication Union (ITU)—a specialized agency of the United Nations that is responsible for issues related to information and communication technologies—on a collaborative research and development program to make the Internet safer for everyone. The MOU pursues building a trusted international information and communication technology (ICT) infrastructure by proposing telecommunication policies, developing international standards, and organizing interdisciplinary conferences. The Bright Internet is an initiative to protect online users from cyber terrors, privacy breaches, and cyber-crimes. Further, it involves putting accountability to those who initiate or deliver cyber threats, thereby eliminating the possible source of Internet related crimes. Following the MOU agreement, Prof. Lee delivered a speech on his campaign at the 2015 International Conference on Information Systems and received positive responses from the audience. The Bright Internet campaign has been selected as visions of various ICT organizations worldwide including the Korea Society of Management Information System and the International Federation of Information Processing. KAIST and Tsinghua University in China adopted it as an academic topic for research and teaching. Prof. Lee claimed that the Internet should be used in a manner based on the values of trust, ethics, and decorum. He further noted that it is important to build Internet environments that not only protect individuals from cyber threats or attacks, but also hold those who commit online crimes accountable for their actions.
2015.12.28
View 9164
KAIST's College of Business Places Fourth in the 2015 Better World MBA Ranking
The Corporate Knights, a business and society magazine based in Canada, released the results of the 2015 Better World MBA Ranking on October 8, 2015. KAIST’s business school ranked fourth globally and, number one in Asia, according to the list. The 2015 Corporate Knights Better World MBA Ranking included a total of 121 schools; York University’s Schulich School of Business of Canada took first place. The rankings were based on three criteria: the number of curricula (core and required courses) dedicated to sustainability, the number of research institutions and centers at the business school, and the volume of faculty research focused on better world topics such as sustainable finance, clean energy, or gender diversity. The Better World MBA Ranking aims to identify business schools that best equip graduates who seek to change the world for the better by offering students opportunities to learn how to integrate social and environmental factors in their understanding of management functions via core MBA courses, faculty expertise, and research centers. Dean Dong-Seok Kim of the College of Business at KAIST said, “For years, our school has introduced a wide range of programs and research initiatives that address important social needs and issues. As part of this effort, we created the Graduate School of Green Growth and MBA for Social Entrepreneurship back in 2013. I believe that these endeavors played a favorable role in our receiving high scores in the ranking.” KAIST’s Graduate School of Green Growth previously ranked sixth in the world’s top Green MBA School list published by Corporate Knights. For the 2015 Better World MBA Ranking, go to http://www.corporateknights.com/reports/2015-global-sustainable-mba/11153-14442629/.
2015.10.12
View 5307
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