Korea
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KAIST was invited to the World Economic Forum's fourth "Summer Davos."
KAIST attended the World Economic Forum’s “Summer Davos Forum” held from September 13 to 15 in Tianjin, China. The Summer Davos Forum hosted various sessions and meetings with international dignitaries from governments, business and public organizations, and academia on the main theme of “Driving Growth through Sustainability.”
On September 14, four subjects including “Electric Vehicles,” “Humanoid Robotics,” “Next Generation of Biomaterials,” and “New Developments in Neuroengineering” were presented by KAIST, followed by discussions with forum participants.
Professor Jae-Seung Jeong of the Bio and Brain Engineering Department, Sang-Yup Lee of the Chemical and Biomolecular Engineering Department, Joon-Ho Oh of the Mechanical Engineering Department, and President Nam-Pyo Suh participated in the forum as presenters of the topic. Of these speakers, Professors Jae-Seung Jeong and Sang-Yup Lee were nominated by the World Economic Forum (WEF) as members of the “Young Global Leader” and “Global Agenda Council on Emerging Technologies,” respectively.
President Suh was also invited to the CEO Insight Group and delivered an opening speech on OLEV (Online Electric Vehicle) and the Mobile Harbor. President Suh plans to sign an MOU for research cooperation with Jong-Hoo Kim of Bell Lab and Shirley Jackson of the Rensselaer Polytechnic Institute in the near future, respectively.
Since 2007, the WEF, in charge of the world’s largest international conference called “Davos Forum” has hosted a “Summer Davos Forum,” also called as the “Annual Meeting of New Champions.” The Summer Davos Forum consists of nations, rising global companies, next generation of global leaders, and cities or nations that lead technological innovations. Unlike the annual Davos Forum held in January, the “Annual Meeting of New Champions” is held in September of each year in Tianjin and Dalian, China.
Since 2009, the WEF has added a special session called IdeasLab in the Davos and Summer Davos Forums. Through IdeasLab, prominent universities from all over the world, research organizations, venture businesses, NGOs, and NPOs are invited to exchange and discuss innovative and creative ideas that can contribute to the development of mankind. Until now, universities including INSEAD, EPFL-ETH, MIT, Oxford, Yale, Harvard, Rensselaer Polytechnic Institute, Tsinghua University, and Keio University have been invited to the IdeasLab. KAIST is the first Korean university to attend this session.
2010.09.17 View 17165 -
Professor Thompson
Professor Mary Kathryn Thompson of Civil and Environmental Engineering Department wrote her regular column on correlation between art and engineering, “Engineers, Artists Not on Opposite Ends.” The column was published by the Korea Herald on July 23, 2010. For reading, please click the link below.
http://www.koreaherald.com/opinion/Detail.jsp?newsMLId=20100722000548
2010.07.23 View 9399 -
A senior couple donated their fortune to KAIST, hoping their contribution to be used for the development of science and technology in Korea.
A couple living in Kyunggi Province, Chun-Sik Cho (86) and Chang-Gi Yoon (82), donated to KAIST a 10 billion won worth of real estate. The couple thought about giving away their fortune since retirement and finally made up their mind after becoming to know about their neighbor’s good deeds.
The neighbor, Byung-Ho Kim, gave KAIST a 30 billion won worth of real estate last year. Influenced by Mr. Kim’s donation and their long-cherished wish to help others in need, the couple decided to transfer the ownership of their land to KAIST. They hoped that their contribution to be used for the development of science and technology in Korea.
The couple, who survived through the Korean civil war in the early 1950s, recalled their old days,
“We made through a harsh and difficult life right after the war. Everyone was poor and had nothing to wear or eat. We literally had to eat all sorts of grasses that were green on the ground. All of us had to work really hard to get out of despair resulted from the colonization of our nation by Japan and the subsequent civil war.”
Mr. Cho added, “The development of science and technology in our nation really propelled the overall advancement of our society and helped to make today’s success that is enjoyed by the current generation of our nation. It is our greatest hope that our contribution will add a small help in our nation’s efforts to further advance the development of science and technology. I would like KAIST to do just that with our donation.”
KAIST announced a plan to use their contribution for the establishment of a new graduate school specialized in green transportation and the development of related technology, called Green Transportation Graduate School. The university will name the new graduate school after the couple’s name in recognition of their goodwill.
The Green Transportation Graduate School will host academic programs and conduct researches related to the future transportation that is based on a renewable energy source and provides answers to the current energy problems faced by mankind. Multidisciplinary and convergent studies will be implemented through collaborations between academia, governments, and industries.
In the past four years, KAIST has witnessed a dramatic increase in the number and amount of donations received from all corners of Korean society and from around the world since President Nam Pyo Suh took the university’s top administrative office in 2006—1,004 in 2006; 2,158 in 2007; 3,091 in 2008; and 3,324 in 2009.
Major contributions since 2006
30 billion Won by Moon-Sul Chung in July 2001
10 million USD by Byiung-Joon Park in September 2007
2.5 million USD by Neil Pappalardo in November 2007
57.8 billion Won by Geun-Chul Ryu in August 2008
30 billion Won by Byung-Ho Kim in August 2009
2010.07.07 View 10834 -
President of Israel visited KAIST on June 9, 2010.
President of Israel, Shimon Peres, visited KAIST today on June 9, 2010 to witness the development of science and technology in Korea and explore ways of establishing collaboration and cooperation with industries and universities between Korea and Israel. President Peres led a delegation consisted of the Israeli Mister of Industry, Trade, and Labor, the Minister of Communication, and 60 business leaders from the top companies in the security, infrastructure, communication, high-tech, and water industries.
Upon their arrival to the campus, the Israeli delegation was greeted by KAIST’s humanoid robot, “HUBO,” and then moved to its branch campus, IT Convergence Campus, for a ride of Online Electric Vehicle (OLEV) that has been developed by KAIST. The OLEV receives the necessary power through the cable lines buried underground, so it can be provided with a constant and continuous supply of electricity while running or stopping.
Between roads and OLEVs is nothing but space. There is no electrical wires intricately crossed underbody of the electric car or above the road. The pick-up equipment installed beneath the body of the electric car collects magnetic fields created around the underground cables, which then converts the filed into electricity. The OLEV’s wireless, non-contact charging system made it possible for a battery currently used for hybrid or pure electric cars on the market to be smaller and cheaper.
President Peres expressed a great interest in the technology applied to the OLVE, quoting, “the OLEV system is indeed very impressive.” He talked about efforts being made in Israel with respect to the development of electric cars. The country plans to replace the conventional transportation system with electric cars by constructing a network of battery exchange stations and roadside charge points which allow the cars to be charged whenever they are parked.
“Despite the different approach taken by the two nations for the development of electric cars, I believe that transforming the automobile industry from combustion engine to electric system is the right direction we should all follow. Without addressing the current transportation system that heavily dependent on natural resources, we will not be able to promote “green growth on a global scale,” added President Peres.
In addition to electric cars, President Peres took up a considerable portion of his time to exchange ideas on how to expand cooperative relations between universities in Korea and Israel, specifically in the area of space, biotechnology, nanotechnology, high-tech, renewable and alternative energy, and the EEWS initiatives that have been implemented by KAIST to find answers to global issues such as climate change and depletion of natural resources. The EEWS stands for energy, environment, water, and sustainability.
In response, the president of KAIST pledged to set up a stronger and greater tie with research universities in Israel, particularly called for more collaboration between KAIST and Technion-Israel Institute of Technology.
Also, the Israeli delegation had a tour for several Korean research and development centers in Daedeok Innopolis, located in the City of Daejeon, which is the 2nd largest science and research complex in Korea.
Shimon Peres, the 9th president of Israel, held many of important government positions in Israel, among other things, Prime Minster and Minister of Defense. He won Nobel Peace Prize in 1994, together with Yitzhak Rabin and Yasser Arafat for the conclusion of a peace agreement, Oslo Accords, between Israel and Palestine Liberation Organization.
2010.06.09 View 14823 -
The 6th president of KAIST passed away on May 7, 2010.
Dr. Sang-Soo Lee was the first president of Korea Advanced Institute of Science (KAIS) and the 6th president of KAIST, who died of a chronic disease at the age of 85. The KAIS was the matrix of KAIST today. Graduated from the physics department of Seoul National University in 1949, he later received a doctoral degree in optics from Imperial College of Science and Technology, University of London.
Dr. Lee has greatly contributed to the development of science and technology in Korea in the capacity of a policy administrator, educator, scientist, researcher, and engineer. He held numerous prestigious offices including President of Korea Atomic Energy Research Institute in 1967, of KAIS in 172, and of KAIST in 1989. Dr. Lee also worked as a professor at the physics department of KAIST for 20 years from 1972-1992.
The Society of Photographic Instrumentation Engineers (SPIE), an international society for optics and photonics, was founded in 1955 to advance light-based technologies. Dr. Sang-Soo Lee was a member of the SPIE that issued a news release expressing its sincere condolences to his death. The following is the full text of the news release: http://spie.org/x40527.xml
In memoriam: Sang Soo Lee
10 May 2010
Sang Soo Lee, known as the "Father of Optics" in Korea passed away on May 7, 2010, in Korea. He was 84.
Lee received a B.S. in Physics from Seoul National University in Korea and a Ph.D. from Imperial College of Science and Technology, University of London, UK. Receiving the first Ph.D. in Optics in Korea, Dr. Lee devoted his life to lay the foundation for optical science and engineering for more than four decades as an educator, researcher, and administrator in science policy.
"He was one of the architects of the extraordinary and rapid emergence of Korea as a world leader in science and technology, or perhaps with the rich history of contributions centuries ago, re-emergence would be more appropriate." said Eugene G. Arthurs, SPIE Executive Director.
During his teaching career, Dr. Lee mentored 50 doctoral and more than 100 masters" degree candidates. in the areas of laser physics, wave optics, and quantum optics. Many of his former students have become leaders in academia, government-funded research institutes, and industry both in Korea and abroad. He published more than 250 technical papers and authored five textbooks, including "Wave Optics", "Geometrical Optics", "Quantum Optics", and "Laser Speckles and Holography".
Lee was the first president of the Korea Advanced Institute of Science and Technology (KAIST), and the first president to establish a new government funded graduate school. He played a pivotal role in founding the Optical Society of Korea (OSK) in 1989 and served as its first president.
Lee was an active member of the international scientific community. In addition to his pioneering scholastic achievements at KAIST, he served as the Vice President of the International Commission for Optics (ICO), a Council Member of the Third World Academy of Sciences, and a Council Member of UN University, serving as an ambassador for the optics community, which showed a significant example of how a developing country like Korea can serve international optics community.
Dr. Lee was a Fellow of the International Society for Optical Engineering (SPIE), the Optical Society of America (OSA), and the Korean Physical Society (KPS). He was the recipient of many awards and honors, including the National Order of Civil Merit that is the Presidential Medal of Honor from the Republic of Korea (2000), the Songgok Academic Achievement Prize, the Presidential Award for Science, and the Medal of Honor for Distinguished Scientific Achievement in Korea. In 2006, he was awarded OSA"s Esther Hoffman Beller Medal.
2010.05.19 View 12624 -
News Article: Naro space rocket getting ready for second launch, April 12, 2010
News Article on KIAST published on April 12, 2010
The Korea Herald, 2010-04-12 17:07
Naro space rocket getting ready for second launch
By Bae Hyun-jung (tellme@heraldm.com)
The Ministry of Education, Science and Technology is checking on the second launch of Naro, Korea’s first space rocket, as all the necessary parts were transferred to the launch center last week.
The Science Technology Satellite No. 2 was transferred last Thursday from the KAIST Satellite Technology Research Center in Daejeon to the Naro Space Center in South Jeolla Province, said ministry officials.
The solid-fuel second-stage rocket reached the center last Monday and the liquid-fuel first-stage rocket did so on March 23. The latter was manufactured in Russia’s Khrunichev State Space Science and Production Center.
The satellite, a small one weighing 100 kilograms, was co-developed by the Korea Aerospace Research Institute, KAIST SaTReC and the Gwangju Institute of Science and Technology.
It is to revolve around the Earth for two years collecting data on climate change by gauging the hydrogen content in the atmosphere, said officials.
“With all the crucial parts ready here in the center, we have officially kicked off our final investigation before setting the details of the second Naro launch,” said a ministry official.
Second Vice Minister Kim Joong-hyun last week visited the Naro center to attend the overall inspection on all facilities related to the rocket launch.
The date has not yet been set for the second launch but will be fixed within this month, said officials.
With the general inspection completed on the facilities, the first-stage rocket and the satellite will be assembled and the combination will be joined by the second-stage rocket in May.
The first launching attempt ended in failure in August due to faulty electrical wiring or a mechanical problem in the fairing separation mechanism, according to panels.
The two fairings -- used to cover and protect the satellite placed on top of the Naro -- failed to separate timely and thus stopped the satellite from gaining sufficient velocity to reach its planned orbit.
Korea has so far spent 502.4 billion won ($428.1 million) on the Naro project since it began in August 2002.
2010.04.13 View 12541
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New drug targeting method for microbial pathogens developed using in silico cell
A ripple effect is expected on the new antibacterial discovery using “in silico” cells
Featured as a journal cover paper of Molecular BioSystems
A research team of Distinguished Professor Sang Yup Lee at KAIST recently constructed an in silico cell of a microbial pathogen that is resistant to antibiotics and developed a new drug targeting method that could effectively disrupt the pathogen"s growth using the in silico cell.
Hyun Uk Kim, a graduate research assistant at the Department of Chemical and Biomolecular Engineering, KAIST, conducted this study as a part of his thesis research, and the study was featured as a journal cover paper in the February issue of Molecular BioSystems this year, published by The Royal Society of Chemistry based in Europe.
It was relatively easy to treat infectious microbes using antibiotics in the past. However, the overdose of antibiotics has caused pathogens to increase their resistance to various antibiotics, and it has become more difficult to cure infectious diseases these days.
A representative microbial pathogen is Acinetobacter baumannaii. Originally isolated from soils and water, this microorganism did not have resistance to antibiotics, and hence it was easy to eradicate them if infected. However, within a decade, this miroorganism has transformed into a dreadful super-bacterium resistant to antibiotics and caused many casualties among the U.S. and French soldiers who were injured from the recent Iraqi war and infected with Acinetobacter baumannaii.
Professor Lee’s group constructed an in silico cell of this A. baumannii by computationally collecting, integrating, and analyzing the biological information of the bacterium, scattered over various databases and literatures, in order to study this organism"s genomic features and system-wide metabolic characteristics. Furthermore, they employed this in silico cell for integrative approaches, including several network analysis and analysis of essential reactions and metabolites, to predict drug targets that effectively disrupt the pathogen"s growth. Final drug targets are the ones that selectively kill pathogens without harming human body.
Here, essential reactions refer to enzymatic reactions required for normal metabolic functioning in organisms, while essential metabolites indicate chemical compounds required in the metabolism for proper functioning, and their removal brings about the effect of simultaneously disrupting their associated enzymes that interact with them.
This study attempted to predict highly reliable drug targets by systematically scanning biological components, including metabolic genes, enzymatic reactions, that constitute an in silico cell in a short period of time.
This research achievement is highly regarded as it, for the first time, systematically scanned essential metabolites for the effective drug targets using the concept of systems biology, and paved the way for a new antibacterial discovery. This study is also expected to contribute to elucidating the infectious mechanism caused by pathogens.
"Although tons of genomic information is poured in at this moment, application research that efficiently converts this preliminary information into actually useful information is still lagged behind. In this regard, this study is meaningful in that medically useful information is generated from the genomic information of Acinetobacter baumannii," says Professor Lee. "In particular, development of this organism"s in silico cell allows generation of new knowledge regarding essential genes and enzymatic reactions under specific conditions," he added.
This study was supported by the Korean Systems Biology Project of the Ministry of Education, Science and Technology, and the patent for the development of in silico cells of microbial pathogens and drug targeting methods has been filed.
[Picture 1 Cells in silico]
[Picture 2 A process of generating drug targets without harming human body while effectively disrupting the growth of a pathogen, after predicting metabolites from in silico cells]
2010.04.05 View 14404
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New Text Book on Chemistry Published by KAIST Professor and Student
A chemistry textbook written in English and Korean will aid Korean students to learn General Chemistry in a global academic setting.
Korean students majoring in chemistry and looking for an opportunity to study abroad will have a new, handy textbook that presents them with a practical introduction to an English speaking lecture on general chemistry.
Aiming for advanced Korean high school and college/university students, the inter-language textbook is written by two incumbent professors teaching chemistry at a university in Korea and the US. The book will help Korean students prepare for a classroom where various topics of general chemistry are presented and discussed in English. Clear, collated sections of English and Korean text provide the student with sufficient explanation of the rudimentary topics and concepts.
Composed of 15 chapters on the core subjects of General Chemistry, i.e., Stoichiometry and Chemical Reactions, Thermochemistry, Atomic Structure, and Bonding, the textbook includes essential English vocabulary and usage sections for each chapter; it also contains a pre-reading study guide on the subject that prepares the student for listening to a lecture. This section includes view-graph type slides, audio files, and follow-up questions the student can use to prepare for an English-speaking course. The various accompanying audio files are prepared to expose the student to English scientific dialogue and serve as examples for instruction at Korean secondary and tertiary schools.
The book was coauthored by Korean and American scientists: A father and son, who have taught chemistry at an American and Korean university, wrote the book. Professor Melvyn R. Churchill at the State University of New York at Buffalo and Professor David G. Churchill at KAIST prepared all of the technical English text which was adapted from General Chemistry course lecture notes; the text was further shaped by original perspectives arising from many student interactions and questions.
This English text was translated into Korean by Professor Kwanhee Lee from the Department of Life and Food Science at Handong Global University, who coauthored a previous preparatory book for Korean students in a different subject. He also supplied an important introductory section which serves as a general guide to the classroom student. Kibong Kim, a doctoral student in the Department of Chemistry at KAIST, helped in preparing the book as well.
“This has been definitely a collaborative undertaking with an international academic crew and it underscores that the Korean internationalization in science is mainstream. Professors and a Korean student created a new book for Korean consumption and benefit,” Professor David G. Churchill says.
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Bibliography: “How to Prepare for General Chemistry Taught in English” by David George Churchill, Melvyn Rowen Churchill, Kwanhee Lee & Kibong Kim, Darakwon Publishing, Paju, Republic of Korea, 2010, 400 pp, ISBN 978-89-5995-730-9 (1 Audio CD included)
2010.04.02 View 13324
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President Suh Hosted Press Conference with Seoul-based Correspondents, on March 9, 2010
President Suh Hosted Press Conference with Seoul-based Correspondents, on March 9, 2010
President Nam-Pyo Shu had a press conference with foreign correspondents based in Seoul, South Korea, on March 9, 2010 at Seoul Foreign Correspondents’ Club (SFCC).
Prior to the conference, the president and correspondents attended a ceremony for the completion of Online Electric Vehicles (OLEV) that carries passengers to look around the amusement park, Seoul Grand Park, in Gewacheon City. OLEV was developed and built by KAIST. Following President Suh’s opening speech, a questions and answers (Q&A) session between the president and reporters proceeded.
In his opening speech, President Suh said electric vehicles are an alternative to conventional automobiles with combustion engines, and in order to manufacture affordably priced electric vehicles on a large scale, their charging should be streamlined. In response, KAIST has come up with the online electric vehicle concept.
He added, without installing separate charging stations, OLEV receives electric power from the cables buried underground while driving, idling, or parking. Its connection to a power source is non-contact.
President Suh expressed his excitement for demonstrating OLEV at Seoul Grand Park that its system works as KAIST has designed and predicted. He showed his confidence that KAIST is indeed at the stage to implement OLEV in Seoul City soon and hoped to demonstrate it at the upcoming G-20 Summit to be held in November 2010 in Seoul City.
During the Q&A session, reporters cited the construction of OLEV at the amusement park and mainly asked about a possibility of its commercialization. Other topics, they also questioned about, were hurdles related to the development and commercialization of OLEV; level of cooperation received from industries and central/local governments; technological breakthroughs and accomplishments; future development plans for the commercialization; and reactions from the public and government.
Media outlets participated in the conference were Reuters, AFP, the International Herald Tribune, ABC News, Bloomberg News, Businessweek, Voice of America, Sankei Shimbun, and etc.
2010.03.16 View 9637
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Master of Science in Intellectual Property: First Class Starts on Saturday, February 6, 2010
Newly Established, Postgraduate Course for Master of Science in Intellectual Property
First class starts on February 6th, 2010
In conjunction with Korean Intellectual Property Office (KIPO), KAIST has established a new postgraduate course for a master of science in intellectual property (IP). 41 students have enrolled the course, and its first class will begin February 6th, 2010. With a diverse professional background, the first-year students came from private businesses, IP service industry, and public organizations.
Globally well-known companies—Samsung Electronics, LG Electronics, and the Pohang Iron and Steel Company (POSCO)—and mid-sized companies have offered scholarships to support the new M.S. Program. Business and industry in Korea have recognized the increasingly important role of intellectual property in a modern economy and showed a strong interest in developing workforce specialized in subjects such as, but not limited to, patent law, copyright and designs law, trade mark law, unfair competition, anti-trust law, competition law, and trade secret law.
Prosecutor Chan-Gi Na from Seoul Central District Prosecutor’s Office said, “I’ve applied for the master program at KAIST because I wanted to learn more about intellectual property in greater depth. Through the coursework, I hope to enhance my knowledge on the subjects and use it for the protection of Koreans’ IP related rights and the development of our nation’s IP industry.”
Assistant Manager Jin-Hong Bae from Samsung Securities, Inc. said, “Since the capital market law becomes effective, the need for developing new financial products or services in our finance market has rapidly grown. We no longer can make our financial products by simply copying or ripping off ideas from others. It’s a must practice, not an option, to set up a system under which we are able to protect our IPs.”
“I would like to become an expert in our finance market, who really knows how to commercialize intellectual property assets into benefits, so any know-hows or ideas accumulated from years of working in the field can be registered and protected,” added Mr. Bae.
KAIST’s Mater Program for intellectual property is designed for engineers who wish to acquire the skills required to play a leading role in the field. These engineers, KAIST anticipates, will establish and execute business strategies to protect intellectual property, generate added values for a company, and effectively respond against patent related claims.
The intellectual property will seize up to 90% of business values to be generated in the 21st century. KAIST has long foreseen the need for training top-notch engineers in intellectual property. Combined with multidisciplinary approach to engineering, law, and management, the new M.S. Program will provide students with a variety form of classes to assist them in getting a practical knowledge as needed based on their interests and career aspirations. Examples of the classes are workshops on the change in technology trends—i.e., information technology (IT), environmental technology (ET), and bio technology (BT); standardization of intellectual property and value assessment; and patent law related claims.
“All professors involved in the course are experts who are equipped with hands-on experiences in working on intellectual property for a long time at government agencies, companies, and law firms,” Professor Chul-Ho Kim, responsible for overseeing the entire program, said.
He also expressed his confidence that “We have set up an academic system to induct highly qualified professionals and engineers, capable of handling all aspects of intellectual property related issues, into work places. Our coursework encompasses technology, research and development (R&D), and management, and students who complete the program will be ready to tackle down any intellectual property matters in the 21st century.”
Freshmen convocation for the IP M.S. Program is scheduled on February 20th at KAIST, and President Nam Pyo Suh and Commissioner Jung-Sik Koh of Korean Intellectual Property (KIPO) will attend the event.
2010.02.04 View 12548
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Opening Ceremony Held on February 3, 2010 for Intellectual Property Training Center
KAIST Opened Training Center for Young Entrepreneurs
Commissioner Jung-Sik Koh of Korean Intellectual Property Office (KIPO) and KAIST faculty members including Soon-Hong Jang, Vice President of Operations and Kwang-Hyung Lee, Dean of Academic Affairs Office, joined an opening ceremony held on February 3rd, 2010 to launch a training center for the next generation entrepreneurs who will lead the intellectual property (IP) industry in Korea.
The training center was built in cooperation with KIPO to educate and support young entrepreneurs and prepare them to become tomorrow’s IP business leaders like Bill Gates of Microsoft and Google’s founders, Larry Page and Sergey Brin.
Going through a vigorous selection process, a total of 101 students (51 for intermediate and 50 for advanced level) were chosen last December for an orientation program that will begin February 3rd and continue through February 5th. In addition to the training center at KAIST, KIPO supported to launch another training center at the Pohang University of Science and Technology (POSTECH), which has been up and running since January 27th, 2010.
2010.02.04 View 12310 -
Op-Ed by Dean Ravi Kumar, KAIST Business School, for MK English News
Professor Ravi Kumar, Dean of Business School at KAIST, wrote an op-ed for MK English News, dated February 3, 2010, on "Korea’s doing business in India". Below is his article:
India: Opportunity or Frustration?
by Dr. Ravi Kumar, Dean of KAIST Business School
On January 26, President Lee Myung-bak was the chief guest at India’s Republic Day parade and festivities, an honor that has been bestowed on Vladimir Putin of Russia and Nicolas Sarkozy of France in recent years. President Lee signed a strategic partnership agreement with Prime Minister Manmohan Singh, was successful in getting the Indian government to issue permits for POSCO to break ground on their US$ 12 billion steel plant and is positioning Korea as a serious contender in India’s future purchase of nuclear power plants and trainer aircraft. Doosan Heavy was successful in getting a billion dollar order last week to build a coal-fired power plant in India and Hyundai Motors has doubled its car production capacity in Chennai with 20% Indian market share. Samsung and LG have dominant market share in the Indian consumer electronics and home appliances sector, hiring thousands of Indians this year to support their growth. Wow, all this points to India and Korea on target to double their trade to US$ 30 billion by 2014.
Last week, a group of our KAIST IMBA students with considerable business experience interviewed me for one of their class projects. Their topic: Indian culture/society and its impact on doing business in India. One of their questions probed the notion of time in Indian culture and business etiquette since they had heard that Indians are not on time for appointments/meetings. I had to explain to them that India originated from one of the oldest civilization (Indus Valley) that goes back five thousand years and this is one reason that allows Indians to think of time as being continuous and forever. Another aspect of culture that impacts Indian sense of endless time is that of re-incarnation—Indians who are predominantly Hindus believe that one is reborn again and again until one lives a purely spiritual life and becomes one with the divine being. And finally, Indians believe in fate, that their past lives (and sometimes, where the planets were located when they were born) define, in some sense, the kind of life they are going to lead in this current life. Given these three factors, there is no sense of “palli palli” in Indian life and this can be very frustrating to foreigners.
So, my advice to Korean companies and executives--have a lot of patience and be ready for endless diversity. The country that can send sophisticated moon probes can also not have electricity or clean water for millions of its citizens. When you travel from one state to another, beware that the actual language, food preparation, philosophy of government and even clothing that people wear may differ remarkably. India is really like the European Union, with different languages, different state governments, different cultures and a lot of the infrastructure still to be built. An opportunity, you bet—but tomorrow, maybe not!
2010.02.04 View 10771