-
Cross-Generation Collaborative Labs Open
KAIST opened two cross-generation collaborative labs last month. This novel approach will pair up senior and junior faculty members for sustaining research and academic achievements even after the senior researcher retires.
This is one of the Vision 2031 innovation initiatives established to extend the spectrum of knowledge and research competitiveness. The selected labs will be funded for five years and the funding will be extended if necessary. KAIST will continue to select new labs every year.
A five-member selection committee including the Nobel Laureates Professor Klaus Von Klitzing at the Max-Planck Institute for Solid State Research and Dr. Kurt Wüthrich from ETH Zürich selected the first two labs with senior-junior pairs in March.
(Two renowned scholars' Cross-Generation Collaborative Labs which opened last month.
Distinguished Professor Lee's lab (above) andChair Professor Sung's lab)
Both labs are run by world-renowned scholars: the Systems Metabolic Engineering and Systems Healthcare Laboratory headed by Distinguished Professor Sang-Yup Lee in the Department of Chemical and Biomolecular Engineering and the Acousto-Microfluidics Research Center for Next-Generation Healthcare led by Chair Professor Hyung Jin Sung in the Department of Mechanical Engineering.
Distinguished Professor Lee will be teamed up with Professor Hyun Uk Kim, and their lab aims to mass produce new eco-friendly chemical materials as well as higher-value-added materials which will be used for medicine. The new platform technologies created in the lab are expected to provide information which will benefit human healthcare.
Meanwhile, the Acousto-Microfluidics Research Center for Next-Generation Healthcare will team up with Professors Hyoungsoo Kim and Yeunwoo Cho under Chair Professor Sung. The lab will conduct research on controlling fluids and objects exquisitely on a micro-nano scale by using high-frequency acoustic waves. The lab plans to develop a next-generation healthcare platform for customized diagnoses as well as disease treatment.
KAIST President Sung-Chul Shin, who introduced this novel idea in his research innovation initiative, said that he hopes the Cross-Generation Collaborative Labs will contribute to honoring senior scholars’ research legacies and passing knowledge down to junior researchers in order to further develop their academic achievements. He said, “I sincerely hope the labs will make numerous research breakthroughs in the very near future.”
2018.05.03 View 9731 -
Escalation of Competition Leads to Conflict in Competitive Networks of F1 Drivers
(Professor Wonjae Lee at the Graduate School of Culture Technology)
A new study has revealed that people with similar social status in similar age groups are more likely to clash with each other. This rivalry could likely lead to taking more risks in fair weather conditions.
Competition, while is often seen as beneficial, can escalate into destructive conflict. This occurs, for instance, when athletes sabotage each other or when rival executives get caught up in a career-derailing fight. These escalations, which lead to conflict, are especially likely among similar-status competitors, who are fraught with discordant understandings of who is superior to whom.
A research team of KAIST, the US Treasury, INSEAD, and the European School of Management and Technology (ESMT) examined the link between status similarity and conflict as well as the conditions under which this link holds by using panel data on Formula 1 races from 1970 through 2014. For the study, the research team analyzed a total of 506 collision cases by 355 F1 drivers over 45 years.
The team found that similar-status F1 drivers are more prone to collide, especially when they are age-similar, performing well, and feeling safe. When these boundary conditions are met, structural equivalence likely triggers antagonism among interactants.
This research deepens the understanding of when violent conflict emerges and when prevention efforts are called for. Professor Lee from the Graduate School of Culture Technology at KAIST said, “People are not sure about their identity when facing competitors of a similar status. People tend to confirm their own stature by beating an opponent.”
The team investigated the factors that escalate competition into dangerous conflict. Recently, sociological theorizing claims that such escalations are particularly likely in pairs of structurally equivalent actors who have the same relations with the same third parties. Using the F1 data, the research team modeled the probability that two drivers would collide on a racetrack as a function of their structural equivalence in a dynamic network of competitive relationships.
Professor Lee added, “We fully understand that the drivers who ranked first and second are likely to have more conflict because they meet more frequently and know each other well. We also regulated all those conditions and confirmed that our hypothesis worked right throughout the data analysis.”
Professor Lee, who wrote his doctoral thesis on tennis tournaments for identifying the ideal organizational structure, said that sports tournaments would be best optimized for comprehending the nature of organizational structures. Tournaments, even those with rankings based on objective criteria, are in fact intensely social. However, most prior empirical work in this area has relied only on official information on competitors’ performance, thus failing to capture the important elements of past competitive encounters.
“It is not so easy to obtain data on rivalries and conflicts inside an organization. However, in sports, the performances of athletes are all recorded and the data can be utilized as a very objective methodology for understanding social relations and their structural affects.
Official positions in tournaments, although clearly informative, can also be reductionist –excluding the emotionally salient features of competitors’ histories and forcing competitors together on a scalar metric, even when the competitors themselves do not see each other as comparable.
The results from sample-split models are important for social networking research, which has paid scant attention to the contextual conditions in which structural equivalence is most consequential for social action – especially hostile social actions.
The study suggests that new work will benefit from examining how demographic overlap, network stability, and perceived costs of conflict “activate” a structurally equivalent relationship to the point that it is not only salient but also conducive to conflict.
Professor Lee said, “Sociology mainly investigates the positive results of social success and collaboration. This study shows that any violent activities, including homicide, also have something to do with organizational and social structural equivalence.”
This study was co-led by Professor Matthew Bothner from ESMT in Germany, Professor Henning Piezunk from INSEAD in France, and Dr. Richard Haynes from the US Treasury and was featured at the PNAS (Proceedings of the National Academy of Sciences of the USA) in March.
(Figure: Drivers' competitive network and collisions. Nodes are drivers. Nodes enricled in black are labeled by name. Edges denote joint competition in at least one race. Red edges connecting indicate that the two drivers collided at least once. Using Fruchtermna-Reingold, nodes are generally proximte to the extendt that their average structural equivalence (over all races, from 1970 to 2014) is high.)
2018.04.24 View 6581 -
Professor Ju, to Receive Grants from HFSP
(Professor Young Seok Ju)
Professor Young Seok Ju from the Graduate School of Medical Science and Engineering was selected as a young investigator to receive research funds from the Human Frontiers Science Program.
The Human Frontiers Science Program (HFSP) was founded in 1989 with members of the G7 and European Union to stimulate innovative research in the field of life sciences.
Professor Ju placed third out of the eight teams that were selected from 158 applicants representing 60 countries. He is now the fourth Korean to receive a research grant as a young investigator. Professor Jae Kyoung Kim from the Department of Mathematical Sciences also received this prize last year, hence KAIST has produced grant recipients for two consecutive years.
Professor Ju is a medical doctor specializing in cancer genomics and computer biology. He has been studying somatic mutations and their functional consequences in human cancer in a bioinformatics way. He has published papers in international journals including Nature, Science, Genome Research, and Journal of Clinical Oncology.
With a title ‘Tracing AID/APOBEC- and MSI-mediated hyper-mutagenesis in the clonal evolution of gastric cancer,’ Professor Ju will receive 1.05 million dollars for three years along with Professor Bon-Kyoung Koo from the Institute of Molecular Biotechnology at Austrian Academy of Sciences, and Sinppert Hugo from University Medical Center Utrecht.
Professor Ju said, “As a young investigator, it is my great honor to receive this research fund from this organization. Through this internationally collaborative research, I will carry out groundbreaking research to understand the pathophysiology of cancers at a molecular level.”
2018.04.24 View 7117 -
Animal Cyborg: Behavioral Control by 'Toy' Craving Circuit
Children love to get toys from parents for their birthday present. This craving toward items also involves object hoarding disorders and shopping addiction. However, the biological meaning of why the brain pursues objects or items has remained unknown. Part of the answer may lie with a neural circuit in the hypothalamus associated with “object craving,” says neuroscientist Daesoo Kim from the Department of Biological Sciences at KAIST.
His research team found that some neurons in the hypothalamus are activated during playing with toys in mice. Thanks to optogenetics, they proved that these neurons in the hypothalamus actually governs obsessive behavior toward non-food objects in mice.
“When we stimulate a neuron in the hypothalamus of mice, they anxiously chased target objects. We found evidence that the neural circuits in the medial preoptic area (MPA) modulate “object craving,” the appetite for possessing objects” said Professor Kim.
Researchers also proved that the MPA circuit facilitate hunting behavior in response to crickets, a natural prey to mice, showing the role of this circuit for catching prey. Further, the MPA nerves send excitatory signals to the periaqueductal gray (PAG), located around the cerebral aqueduct, to create such behavior. The team named this circuit the ‘MPA-PAG’ circuit.
The team showed that they could control mammalian behavior for the first time with this scheme of MPA-Induced Drive Assisted Steering (MIDAS), in which a mouse chase the target objects in the front of head during stimulation of the MPA-PAG circuit. MIDAS allows mice to overcome obstacles to move in a desired path using optogenetics.
(Professor Daesoo Kim)
Professor Kim, who teamed up with Professor Phill Seung Lee in the Department of Mechanical Engineering, explained the significance of the research, “This study provides evidence to treat brain disorders such as compulsive hoarding and kleptomania. It also contributes to the development of technology to control the behavior of animals and humans using strong innate motivation, and thus could impact neuro-economics, defense, and disaster relief.”
He said the team would like to complete the neural circuit map governing behaviors of possession and hunting in the near future by exploring correlations with other neural behaviors controlling possessing and hunting activities.
This research was funded by the Samsung Science and Technology Foundation and published in Nature Neuroscience in March 2018.
(Figure 1: Schematics showing possessive behavior induced by the MPA neural circuit)
(Figure 2: Schematics of the MIDAS system that controls mammals behavior using the desire to possess. A MIDAS mouse is following the bait object controlled wirelessly.)
2018.04.23 View 8520 -
Deep Learning Predicts Drug-Drug and Drug-Food Interactions
A Korean research team from KAIST developed a computational framework, DeepDDI, that accurately predicts and generates 86 types of drug-drug and drug-food interactions as outputs of human-readable sentences, which allows in-depth understanding of the drug-drug and drug-food interactions.
Drug interactions, including drug-drug interactions (DDIs) and drug-food constituent interactions (DFIs), can trigger unexpected pharmacological effects, including adverse drug events (ADEs), with causal mechanisms often unknown. However, current prediction methods do not provide sufficient details beyond the chance of DDI occurrence, or require detailed drug information often unavailable for DDI prediction.
To tackle this problem, Dr. Jae Yong Ryu, Assistant Professor Hyun Uk Kim and Distinguished Professor Sang Yup Lee, all from the Department of Chemical and Biomolecular Engineering at Korea Advanced Institute of Science and Technology (KAIST), developed a computational framework, named DeepDDI, that accurately predicts 86 DDI types for a given drug pair. The research results were published online in Proceedings of the National Academy of Sciences of the United States of America (PNAS) on April 16, 2018, which is entitled “Deep learning improves prediction of drug-drug and drug-food interactions.”
DeepDDI takes structural information and names of two drugs in pair as inputs, and predicts relevant DDI types for the input drug pair. DeepDDI uses deep neural network to predict 86 DDI types with a mean accuracy of 92.4% using the DrugBank gold standard DDI dataset covering 192,284 DDIs contributed by 191,878 drug pairs. Very importantly, DDI types predicted by DeepDDI are generated in the form of human-readable sentences as outputs, which describe changes in pharmacological effects and/or the risk of ADEs as a result of the interaction between two drugs in pair. For example, DeepDDI output sentences describing potential interactions between oxycodone (opioid pain medication) and atazanavir (antiretroviral medication) were generated as follows: “The metabolism of Oxycodone can be decreased when combined with Atazanavir”; and “The risk or severity of adverse effects can be increased when Oxycodone is combined with Atazanavir”. By doing this, DeepDDI can provide more specific information on drug interactions beyond the occurrence chance of DDIs or ADEs typically reported to date.
DeepDDI was first used to predict DDI types of 2,329,561 drug pairs from all possible combinations of 2,159 approved drugs, from which DDI types of 487,632 drug pairs were newly predicted. Also, DeepDDI can be used to suggest which drug or food to avoid during medication in order to minimize the chance of adverse drug events or optimize the drug efficacy. To this end, DeepDDI was used to suggest potential causal mechanisms for the reported ADEs of 9,284 drug pairs, and also predict alternative drug candidates for 62,707 drug pairs having negative health effects to keep only the beneficial effects. Furthermore, DeepDDI was applied to 3,288,157 drug-food constituent pairs (2,159 approved drugs and 1,523 well-characterized food constituents) to predict DFIs. The effects of 256 food constituents on pharmacological effects of interacting drugs and bioactivities of 149 food constituents were also finally predicted. All these prediction results can be useful if an individual is taking medications for a specific (chronic) disease such as hypertension or diabetes mellitus type 2.
Distinguished Professor Sang Yup Lee said, “We have developed a platform technology DeepDDI that will allow precision medicine in the era of Fourth Industrial Revolution. DeepDDI can serve to provide important information on drug prescription and dietary suggestions while taking certain drugs to maximize health benefits and ultimately help maintain a healthy life in this aging society.”
Figure 1. Overall scheme of Deep DDDI and prediction of food constituents that reduce the in vivo concentration of approved drugs
2018.04.18 View 10251 -
KAIST Develops Sodium Ion Batteries using Copper Sulfide
A KAIST research team recently developed sodium ion batteries using copper sulfide anode. This finding will contribute to advancing the commercialization of sodium ion batteries (SIBs) and reducing the production cost of any electronic products with batteries.
Professor Jong Min Yuk and Emeritus Professor Jeong Yong Lee from Department of Materials Science and Engineering succeeded in developing a new anode material suitable for use in a SIB. Compared to the existing anode materials, the copper sulfide anode was measured to exhibit 1.5 times better cyclability with projected 40% reduction in cost.
Batteries used in various applications including mobile phones are lithium ion batteries, mostly referred as Li-ion batteries or LIBs. Though they are popularly used until now, large-scale energy storage systems require much inexpensive and abundant materials. Hence, a SIB has attracted enormous attention for their advantage over a lithium counterpart.
However, one main obstacle to commercialization of SIB is the lack of suitable anodes that exhibit high capacity and the cycling stability of the battery. Hence, the research team recognized this need for a good anode material that could offer high electrical conductivity and theoretical capacity. The material was found to be copper sulfide, preferably in nanoplates, which “prefers to make an alloy with sodium and is thus promising for high capacity and long-term cyclability.”
Further analysis presented in the study reveals that copper sulfide undergoes crystallographic tuning to make a room for sodium insertion. Results indicate that the sodium ion-insertion capacity of copper sulfide is as much as 1.5 times that of lithium ions for graphite. Furthermore, a battery with this new anode material retains 90% of its original capacity for 250 charge-discharge cycles.
With the natural abundance of sodium in seawater, this development may contribute to reduction in battery costs, which can be translated into up to 30% cut in the price of various consumer electronics.
Professor Lee expressed his hope for “the production of next-generation, high-performance sodium ion batteries”.
Professor Yuk said, “These days, people are showing a great deal of interest in products related to renewable energy due to recent micro-dust issues ongoing in Korea. This study may help Korea get a head-start on renewable energy products”.
This research, led by PhD candidate Jae Yeol Park and Dr. Sung Joo Kim, was published online in Nature Communications on March 2.
Figure 1. The sodiation process of copper sulfide
2018.04.17 View 6061 -
Producing 50x More Stable Adsorbent
A KAIST research team developed a technology to increase the stability of amine-containing adsorbents by fifty times, moving one step further toward commercializing stable adsorbents that last longer.
Professor Minkee Choi from the Department of Chemical and Biomolecular Engineering and his team succeeded in developing amine-containing adsorbents that show high oxidative stability.
The capture of the greenhouse gas carbon dioxide is an active ongoing research field, and some of the latest advancements point to amine-containing adsorbents as an efficient and environment-friendly way to capture carbon dioxide. However, existing amine-containing adsorbents are known to be unstable under oxidation, which chemically breaks down the adsorbent, thereby making it difficult to rely on amine-containing adsorbents for repeated and continued use.
The researchers have discovered that the miniscule amount of iron and copper present in the amine accelerate the oxidative breakdown of the amine-containing adsorbent. Upon this discovery, they proposed the use of a chelator substance, which essentially suppresses the activation of the impurities.
The team demonstrates that the proposed method renders the adsorbent up to 50 times slower in its deactivation rate due to oxidation, compared to conventional polyethyleneimine (PEI) / silica adsorbents. Figure 1 illustrates the superior performance of this oxidation-stable amine-containing adsorbent (shown in black squares), whose carbon dioxide-capturing capacity deteriorates by only a small amount (~8%). Meanwhile, the carbon dioxide-capturing capacity of the PEI/silica adsorbent (shown in red diamonds) degrades dramatically after being exposed to oxidative aging for 30 days.
This stability under oxidation is expected to have brought amine-containing adsorbents one step closer to commercialization. As such, first author Woosung Choi describes the significance of this study as “having brought solid carbon dioxide adsorbents to commercializable standards”. In fact, Professor Choi explains that commercialization steps for his team’s carbon dioxide adsorbents are already underway. He further set forth his aim to “develop the world’s best carbon dioxide capture adsorbent”.
This research, led by the PhD candidate Woosung Choi, was published online in Nature Communications on February 20.
Figure 1. Carbon dioxide working capacity against oxidative aging time. Performance of the proposed method (black) degrades much more slowly (~50x) than that of existing methods. The novel adsorbent is thus shown to be more robust to oxidation.
2018.04.16 View 5432 -
Professor Gou Young Koh, 2018 Laureate of Ho-Am Prize
Distinguished Professor Gou Young Koh from the Graduate School of Medical Science and Engineering was appointed a 2018 laureate in medicine of the Ho-Am Prize by the Ho-Am Foundation. Professor Koh is a renowned expert in the field of tumor angiogenesis by exploring the hidden nature of capillary and lymphatic vessels in human organs.
He was recognized for demonstrating the effective reduction of tumor progression and metastasis via tumor vessel normalization. This counterintuitive study result is regarded as a stepping stone for a drug discovery to prevent microvascular diseases.
Besides Professor Koh, Professor Hee Oh from Yale University (Science), Professor Nam-Gyu Park from Sungkyunkwan University (Engineering), Opera Singer Kwangchul Youn (The Arts) and Sister Carla Kang (Community Service) received awards.
The Ho-Am Prize is presented to individuals who have contributed to academics, the arts, and social development, or furthered the welfare of humanity, and commemorates the noble spirit of public service espoused by the late Chairman Byung-chull Lee, who used the pen name Ho-Am.
It was established in 1990 by Kun-Hee Lee, the chairman of Samsung. Awards have been presented to 143 individuals worth a total of 24.4 billion KRW.
2018.04.11 View 7194 -
Formation of Burning Ice in Oceanic Clay Rich Sediment Disclosed
(from left: Professor Tae-Hyuk Kwon and PhD candidate Taehyung Park) A KAIST research team has identified the formation of natural gas hydrates, so-called flammable ice, formed in oceans.
Professor Tae-Hyuk Kwon from the Department of Civil & Environmental Engineering and his team found that clay minerals in oceanic clay-rich sedimentary deposits promote formation of gas hydrates and proposed the principle of gas hydrate formation in the clayey sedimentary layers.
Gas hydrates are ice-like crystalline structures composed of hydrogen-bonded water molecules encapsulating gas molecules. They are also known as burning ice. Their deposits are so huge that they gain attention for alternative energy.
Conventionally, it was believed that formation of gas hydrates is limited in clay sedimentary deposits; however, unexpected abundance of natural gas hydrates in oceanic clay-rich sedimentary deposits raised the issue of how they formed.
The surfaces of natural clay minerals are negatively charged and, thus, unavoidably generate physicochemical interactions between clay and water. Such clay-water interactions have a critical role in the occurrence of natural gas hydrates in clay-rich sedimentary formations.
However, there has been experimental difficulty in analyzing hydrate formation because of the cations contained in clay particles, which balance the clay surface charges. Therefore, clay particles inevitably release the cations when mixed with water, which complicates the interpretation of experimental results.
To overcome this limitation, the team polarized water molecules with an electric field and monitored the induction times of water molecules forming gas hydrates.
They found that the 10 kV/m of electric field promoted gas hydrate nucleation under certain conditions rather than slowing it down, due to the partial breakage of the hydrogen bonded water clusters and the lowered thermal energy of water molecules.
Professor Kwon said, “Through this research, we gained better insight into the origin of gas hydrates occurrence in clay-rich sedimentary deposits. In the near future, we will soon be able to commercially produce methane gas from natural gas hydrate deposits.”
This research, led by PhD candidate Taehyung Park, was published online in Environmental Science and Technology on February 3. (doi: 10.1021/acs.est.7b05477)
Figure 1. Formation of gas hydrates with water molecules
Figure 2. Enhancement and inhibition of gas hydrates
2018.04.09 View 5901 -
Printed Thermo-Plasmonic Heat Patterns for Neurological Disorder Treatment
(Professor Nam and Dr. Kang, right)
A KAIST team presented a highly customizable neural stimulation method. The research team developed a technology that can print the heat pattern on a micron scale to enable the control of biological activities remotely.
The researchers integrated a precision inkjet printing technology with bio-functional thermo-plasmonic nanoparticles to achieve a ‘selective nano-photothermal neural stimulation method.’
The research team of Professor Yoonkey Nam at the Department of Bio and Brain Engineering expects this will serve as an enabling technology for personalized precision neuromodulation therapy for patients with neurological disorders.
The nano-photothermal neural stimulation method uses the thermo-plasmonic effect of metal nanoparticles to modulate the activities of neuronal networks. With the thermo-plasmonic effect, metal nanoparticles can absorb specific wavelength of illuminated light to efficiently generate localized heat. The research team discovered the inhibitory behavior of spontaneous activities of neurons upon photothermal stimulation four years ago. Since then, they have developed this technology to control hyperactive behaviors of neurons and neural circuits, which is often found in neurological disorders such as epilepsy.
In order to overcome the limitation on the spatial selectivity and resolution of the previously developed nano-photothermal method, the team adopted an inkjet printing technology to micro pattern the plasmonic nanoparticles (a few tens of microns), and successfully demonstrated that the nano-photothermal stimulation can be selectively applied according to the printed patterns.
The researchers applied a polyelectrolyte layer-by-layer coating method to printing substrates in a way to improve the pattern fidelity and achieve the uniform assembly of nanoparticles. The electrostatic attraction between the printed nanoparticles and the coated printing substrate also helped the stability of the attached nanoparticles. Because the polyelectrolyte coating is biocompatible, biological experiments including cell culture are possible with the technology developed in this work.
Using printed gold nanorod particles in a few tens of microns resolution over a several centimeters area, the researchers showed that highly complex heat patterns can be precisely formed upon light illumination according to the printing image.
Lastly, the team confirmed that the printed heat patterns can selectively and instantaneously inhibit the activities of cultured hippocampal neurons upon near-infrared light illumination. Because the printing process is applicable to thin and flexible substrates, the technology can be easily applied to implantable neurological disorder treatment devices and wearable devices. By selectively applying the heat patterns to only the desired cellular areas, customized and personalized photothermal neuromodulation therapy can be applied to patients.
“The fact that any desired heat patterns can be simply ‘printed’ anywhere broadens the applicability of this technology in many engineering fields. In bioengineering, it can be applied to neural interfaces using light and heat to modulate physiological functions. As another engineering application, for example, printed heat patterns can be used as a new concept of anti-counterfeit applications,” said the principal investigator, Yoonkey Nam at KAIST. This work, led mainly by Dr. Hongki Kang, was published in ACS Nano on February 5th 2018.
2018.04.06 View 6403 -
KAIST Develops IoT Platform for Food Safety
A research team led by the KAIST Auto-ID Labs developed a GS1 international standard-based IoTs infrastructure platform dubbed Oliot (Open Language of Internet of Things). This platform will be applied to Wanju Local Food, the nation’s largest cooperative, and will be in operation from April 5.
A total of eleven organizations participated in the development of Oliot, with KAIST as the center. This consortium is based on the GS1 international standard-based Oliot platform, which allows collecting and sharing data along the entire process of agrifood from production to processing, distribution, and consumption. It aims at increasing farm incomes and establishing a global ecosystem of domestic agriculture and stockbreeding that provides safe food.
Wanju Local Food is now the world’s first local food co-op with a traceability system from the initial stage of production planning to end sales based on GS1 international standards, which will ensure food safety.
KAIST has been sharing Oliot data in order to apply it to industries around the world. As of April 2018, approximately 900 enterprises and developers from more than 100 countries have downloaded it.
Professor Daeyoung Kim from the School of Computing, who is also Research Director of Auto-ID Labs said, “We are planning to disseminate Oliot to local food cooperatives throughout the nation. We will also cooperate with other countries, like China, Holland, and Hong Kong to create a better ecosystem for the global food industry.
“We are currently collaborating with related business to converge Oliot with AI or blockchain technology that can be applied to various services, such as healthcare and smart factories. Its tangible outcome will be revealed soon,” he added.
Auto-ID Labs are a global research consortium of six academic institutions that research and develop new technologies for advancing global commerce, partnering with GS1 (Global Standard 1), a non-profit organization that established standards for global commerce such as introducing barcodes to the retail industry. The Auto-ID Labs include MIT, University of Cambridge, Keio University, Fudan University, ETH Zurich/University of St. Gallen, and KAIST.
The consortium was supported by the Ministry of Science and ICT as well as the Institute for Information and Communications Technology Promotion for three years from 2015.
The launching of Oliot at Wanju Local Food will be held on April 5.
2018.04.03 View 7775 -
KAIST to Host FinTech Conference 2018
KAIST will be hosting a FinTech Conference with Princeton University (USA), Tsinghua University (China), and EDHEC Business School (France) in Seoul from April 12 to 13 titled State of the Art in Robo-Advising Systems: Financial Technologies for Enhanced Social Security.
The Bendhein Center for Finance and Department of Operations Research and Financial Engineering from Princeton University, Fintech Lab from Tsinghua University, and the Risk Institute from EDHEC will participate as co-hosting organizations in this conference organized by the Department of Industrial & Systems Engineering and the KAIST Center for Wealth Management Technologies.
The conference will discuss issues required for providing customized asset management to the public in terms of theory, technology, and industry.
During the conference, KAIST President Sung-Chul Shin and Chairman and CEO of the National Pension Service Sung Joo Kim will deliver welcoming addresses.
Professor John Mulvey from Princeton University, Professor Michael Dempster from Cambridge University, Professors Wei Xu and Changle Lin from Tsinghua University, Professor Lionel Martellini from EDHEC, and Professor Woo Chang Kim from KAIST are some of the invited speakers at the event.
Moreover, renowned experts in related fields will also participate in the conference, including Founder of Vanguard Group John Bogle, Jin Lee from Ant Financial, Youngsuh Cho from Shinhan Financial Group, Jung-Hwan Lee from Samsung Asset Management, and Hye Young Sung from the National Pension Service Research Institute.
Professor Kim said, “Only a small number of wealthy people can receive life-cycle customized asset management services due to the high cost structure; however, new technology derived from the Fourth Industrial Revolution can reduce the service price in an innovative manner, ultimately leading it to be popularized.”
“In an era with the poverty rate of older people reaching almost 50%.Fintech can enable individuals to manage their assets in an active manner, reinforcing social security without additional social costs in the period,” he added.
These four universities have been hosting the FinTech Conference since 2017. China will host the conference this fall, followed by France next year.
Samsung Asset Management, Alibaba Group, and Ant Financial will sponsor the conference. Anyone interested in this event can find more details at http://wmt.kaist.ac.kr/conference.html.
2018.04.02 View 6699