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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 View 7716 -
Dr.Sung-Chul Shin Inaugurated as the 16th President of KAIST
(President Shin delivers his inaugural address at the inauguration ceremony on March 15.)
Professor Sung-Chul Shin was officially inaugurated as its 16th president of KAIST on March 15 in a ceremony at the KAIST Auditorium.
The celebration began with a procession by dignitaries including the KAIST Board of Trustees Chairman Jang-Moo Lee, the National Academy of Sciences of Korea President Sook-Il Kwun, Daejeon City Mayor Sun-Taik Kwon, National Assemblyman Sangmin Lee, KAIST Alumni Association President Jungsik Koh. Academic leaders, foreign envoys, faculty, students, and staff members of KAIST joined the ceremony.
In his inaugural speech, President Shin presented a new vision for KAIST to become a global value creator in the Fourth Industrial Revolution. He said that KAIST has played a pivotal role in the nation’s industrialization and information revolution over the past half century and, with the advent of the new industry paradigm, KAIST should be now responsible for being a new value creator, not only serving the nation but pursuing global betterment. “KAIST should be a global hub of new knowledge and technology creation,” he emphasized.
Envisioning a “Global Value-Creative World-Leading University,” President Shin aims for KAIST to be an institution which can create global value as an innovative global leading research university. To realize this vision, he pledged to continue innovation in five areas of education, research & development, technology commercialization, globalization of the campus, and future strategy for the university and the nation.
In the educational innovation, he emphasized multidisciplinary studies, team work, and leadership training for students. To this end, KAIST will expand the non-departmental courses toward entire 4-year course while concurrently operating the existing system of declaring a major in students’ second year. KAIST will offer mandatory courses in humanities, social sciences, and arts and most classes will be run by team-based learning and group research activities. “KAIST Global Leadership Center” will support students to develop the qualities required for collaboration and the global leaderships.
With respect to the research innovation, President Shin said KAIST will establish “Convergence Research Matrix” system to foster strategic research groups for interdisciplinary and convergence collaboration across a wide range of divisions and departments. “Based on the CRMS, we will identify 10 flagship future-oriented convergence research areas for KAIST to truly claim its reputation as a world-leading research university,” he said. He added he will also introduce the “Collaborative Research Lab” system to better retain the academic successes without interruption, and to improve the continuity of research. “We will strive to organize teams of professors in diverse age groups to work together in mutually complementary fields,” he added.
In terms of technological commercialization, he hopes that KAIST to be a role model. He said he will make every effort to establish a resilient R&DB environment with ideas, technologies, and entrepreneurship. KAIST will rev up a new university-industry cooperation, fully sponsoring the creation of “Technology in-Kind Investment Companies.”
KAIST will continue to take initiative for globalization. He said KAIST will create an ‘English-Only Zone’ at the campus, saying that his ultimate goal is to create Korean-English bilingual campus. He also asked the foreign community to make their effort to learn Korean and Korean culture while staying at KAIST, in an effort to embrace diversity at the campus. He plans to increase the ratio of foreign faculty from nine percent to 15 percent, while doubling the current foreign student enrollment ratio of five percent.
As for the future strategy for the university and the nation, he will soon finalize the long-term strategic plan of “Vision 2031” that will lay out a roadmap for KAIST future direction toward its 60th anniversary. KAIST will also play a fundamental role in shaping national policies and strategies for science and technology by operating think-tank groups that consist of KAIST beyond disciplines. These think-tanks will design detailed development plans for KAIST as well as for national strategies for the advancement of science and technology.
He said that such institutional innovation will not be completed without the support, dedication, and passion of all KAIST members, adding that he will strive to serve them with 3Cs (Change, Communication, and Care).
For the full text of President Shin’s inaugural address, please click.
2017.03.15 View 9288 -
Dr.M Drives Smart Healthcare Industry in Partnership with Hancom
President Sung-Mo Kang signed an agreement on January 25 with Hancom Group Chairman Sang Chul Kim to establish a smart healthcare complex in Gapyeong, Kyonggido. With the Gapyeong complex launch, KAIST will come to commercialize Dr. M system along with other Dr.M consortium members as a new growth engine to drive the smart health industry.
Dr. M is a smart healthcare platform developed by the Health Science Research Institute at KAIST in 2014. Dr. M is capable of analyzing and predicting diseases, as well as prescribing, by incorporating ICT and medical technologies. Dr. M applies diverse technologies such as healthcare sensors, wearable devices, low-power communications technology, and cloud and big data collection platforms.
Hancom Group, a leading computer software company in Korea, has participated in the project since 2015 for advancing the smart healthcare market by developing mobile healthcare software program. Hancom joined the Dr.M consortium launched last November.
(President Kang (left) poses with Hancom Chairman Kim after signing.)
2017.02.03 View 5639 -
Nobel Laureate Dr. John Michael Kosterlitz Speaks at KAIST
KAIST’s Department of Physics will invite one of three co-recipients of the Nobel Prize in Physics 2016, Professor John Michael Kosterlitz of Brown University, on January 9, 2017, to speak about the exotic states of matter, which is entitled “Topological Defects and Phase Transitions.”
Professor Kosterlitz shares the Nobel award with two other researchers, David Thouless and Duncan Haldane. He is considered one of the pioneers in the field of topological phases. In the early 1970s, along with Thouless, he demonstrated that superconductivity could occur at low temperatures and explained the mechanism behind, phase transition, that makes superconductivity disappear at higher temperatures.
Over the last decade, topological materials and their applications have been widely studied with the hope of using them in new generations of electronics and superconductors, or in future quantum computers. Details of the lecture follow below:
Distinguished Lecture Series by KAIST’s Physics Department
· Speaker: Professor John Michael Kosterlitz of the Physics Department,
Brown University
· Topic: “Topological Defects and Phase Transitions”
· Date: January 9, 2017, 4:00 PM
· Place: Lecture Hall (#1501), College of Natural Sciences (E6-2)
2017.01.06 View 6349 -
EEWS Graduate School Team Receives the S-Oil Best Paper Award
Professor Hyungjun Kim and Dr. He-Young Shin from the EEWS (Energy, Environment, Water and Sustainability) Graduate School at KAIST received the Best Paper Award in Chemistry from S-Oil, a Korean petroleum and refinery company, on November 29, 2016.
Established in 2011, the S-Oil Best Paper Awards are bestowed annually upon ten young scientists in the fields of five basic sciences: mathematics, physics, chemistry, biology, and earth science. The scientists are selected at the recommendation of the Korean Academy of Science and Technology and the Association of Korean Universities. The awards grant a total of USD 230,000 for research funding.
Dr. Shin, the lead author of the awarded research paper, said, “My research interest has been catalyst studies based on theoretical chemistry. I am pleased to accept this award that will support my studies, and will continue to research catalyst design that can predict parameters and integrate them into catalytic systems.”
Professor Hyungjun Kim (left) and Dr. He-Young Shin (right)
2016.12.23 View 8362 -
Aerospace Engineering Students Win the Minister's Award
On November 11, 2016, students from KAIST’s Aerospace Engineering Department won the Minister’s Award of Trade, Industry and Energy of Korea at the 14th Research Paper Competition hosted by Korea Aerospace Industries (KAI). The award came with a cash prize of USD 1,200 as well as opportunities to visit international airshows held abroad.
The KAIST students' paper introduced a novel design concept for "a virtual-fighter-pilot system for unmanned combat aerial vehicles to enable them to engage in mass aerial combat."
This was one of the two highest honors given to contestants. A group of students from Korea Aerospace University received the other grand prize from the Minister of Land, Infrastructure and Transport of Korea.
The KAIST team consisted of two doctoral students, Hee-Min Shin and Jae-Hyun Lee, and one Master’s student, Hyun-Gi Kim. Their advisor, Professor “David” Hyunchul Shim, received the Special Achievement Award for his contribution to the paper.
KAI’s competition was established in 2003 to spur academic interest and research in aerospace engineering. Over the past 14 years, contestants have submitted 376 papers, and KAI has published 88 papers. KAI has positioned itself as the host of one of the most prestigious research paper competitions held in Korea in the area of aerospace engineering.
The Korean Society for Aeronautical and Space Sciences, the Korea Aerospace Industries Association, and the Korea Civil Aviation Development Association also sponsored the competition, with the Ministries of Trade, Industry and Energy and of Land, Infrastructure and Transport.
Professor Shim said, “This represents a great honor for our students. In recent years, research in unmanned aerial systems has increased tremendously throughout the world, and I hope KAIST will continue to inspire and innovate research in this field.”
Pictured from left to right are Hee-Min Shin, Jae-Hyun Lee, and Hyun-Gi Kim.
Pictured from right to left are Professor Hyunchul Shim, Hyun-Gi Kim, Hee-Min Shin, and Vice President Sung-Sup Chang of Korea Aerospace Industries.
2016.11.22 View 9953 -
ICISTS Hosts the International Interdisciplinary Conference
A KAIST student organization, The International Conference for the Integration of Science, Technology and Society (ICISTS), will host ICISTS 2016 at the Hotel ICC in Daejeon from 3 to 7 August with the participation of around 300 Korean and international students.
ICISTS was first established in 2005 to provide an annual platform for delegates and speakers to discuss the integration and the convergence of science, technology, and society regardless of their academic backgrounds.
This year’s conference, with the theme of “Beyond the Center,” emphasizes the ways in which technological advancements can change central organizations in areas such as financial technology, healthcare, and global governance.
The keynote speakers include Dennis Hong, a developer of the first automobile for the blind and a professor of the Mechanical and Aerospace Engineering Department at UCLA, Dor Konforty, a founder and a CEO of SNS platform Synereo, and Marzena Rostek, a professor of Economics at the University of Wisconsin-Madison.
Other notable speakers include: Gi-Jung Jung, Head of the National Fusion Research Institute; Janos Barberis, Founder of FinTech HK; Tae-Hoon Kim, CEO and Founder of Rainist; Gulrez Shah Azhar, Assistant Policy Analyst at RAND Corporation; Thomas Concannon, Senior Policy Researcher at RAND Corporation; Leah Vriesman, Professor at the School of Public Health, UCLA; and Bjorn Cumps, Professor of Management Practice at Vlerick Business School in Belgium.
The conference consists of keynote speeches, panel discussions, open talks, experience sessions, team project presentations, a culture night, and a beer party, at which all participants will be encouraged to interact with speakers and delegates and to discuss the topics of their interest.
Han-Kyul Jung, ICISTS’s Head of Public Relations, said, “This conference will not only allow the delegates to understand the trends of future technology, but also be an opportunity for KAIST students to form valuable contacts with students from around the world.”
For more information, please go to www.icists.org.
2016.07.20 View 7395 -
Synthesized Microporous 3D Graphene-like Carbons
Distinguished Professor Ryong Ryoo of the Chemistry Department at KAIST, who is also the Director of the Center for Nanomaterials and Carbon Materials at the Institute for Basic Science (IBS), and his research team have recently published their research results entitled "Lanthanum-catalysed Synthesis of Microporous 3D Graphene-like Carbons in a Zeolite Template" on June 29, 2016 in Nature on a new method to synthesize carbons having graphene structures with 3D periodic micropores, a trait resulted from using a zeolite as a template for the synthesis. The research team expects this technology to find a range of useful applications such as in batteries and catalysts.
Graphene, an allotrope of carbon, which was discovered more than a decade ago, has led to myriad research that seeks to unlock its vast potential. Zeolites, commonly used microporous solid catalysts in the petrochemical industry, have recently attracted attention in the field of material science as a template for carbon synthesis. Zeolites’ individual crystal is distinguished by its unique 1 nanometer (nm)-size pore structures. These structures facilitate the accommodation of carbon nanotubes inside zeolites. In their paper, the research team showed that these nanoporous systems are an ideal template for the carbon synthesis of three-dimensional (3D) graphene architecture, but zeolite pores are too small to accommodate bulky molecular compounds like polyaromatic and furfuryl alcohol that are often used in carbon synthesis. Small molecules like ethylene and acetylene can be used as a carbon source to achieve successful carbonization within zeolite pores, but it comes at a great cost. The high temperatures required for the synthesis cause reactions of carbons being deposited randomly on the external surfaces of zeolites as well as their internal pore walls, resulting in coke deposition and consequently, causing serious diffusion limitations in the zeolite pores.
The team from the IBS Center for Nanomaterials and Carbon Materials solved this conundrum with a novel approach. First author Dr. KIM Kyoungsoo explains: “The zeolite-template carbon synthesis has existed for a long time, but the problem with temperatures has foiled many scientists from extracting their full potential. Here, our team sought to find the answer by embedding lanthanum ions (La3+), a silvery-white metal element, in zeolite pores. This lowers the temperature required for the carbonization of ethylene or acetylene. Graphene-like sp2 carbon structures can be selectively formed inside the zeolite template, without carbon deposition at the external surfaces. After the zeolite template is removed, the carbon framework exhibits the electrical conductivity two orders of magnitude higher than amorphous mesoporous carbon, which is a pretty astonishing result. This highly efficient synthesis strategy based on the lanthanum ions renders the carbon framework to be formed in pores with a less than 1 nm diameter, just like as easily reproducible as in mesoporous templates. This provides a general method to synthesize carbon nanostructures with various topologies corresponding to the template zeolite pore topologies, such as FAU, EMT, beta, LTL, MFI, and LTA. Also, all the synthesis can be readily scaled up, which is important for practical applications in areas of batteries, fuel storage, and other zeolite-like catalyst supports.”
The research team began their experiment by utilizing La3+ ions. Dr. KIM elucidates why this silvery-white element proved so beneficial to the team, “La3+ ions are unreducible under carbonization process condition, so they can stay inside the zeolite pores instead of moving to the outer zeolite surface in the form of reduced metal particles. Within the pores, they can stabilize ethylene and the pyrocondensation intermediately to form a carbon framework in zeolites.”
In order to test this hypothesis, the team compared the amount of carbon deposited in La3+-containing form of Y zeolite (LaY) sample against a host of other samples such as NaY and HY. The experimental results indicate that all the LaY, NaY, and HY zeolite samples show rapid carbon deposition at 800°C. However, as the temperature decreases, there appears to be a dramatic difference between the different ionic forms of zeolites. At 600°C, the LaY zeolite is still active as a carbon deposition template. In contrast, both NaY and HY lose their carbon deposition functions almost completely.
The results, according to their paper published in Nature, highlight a catalytic effect of lanthanum for carbonization. By making graphene with 3D periodic nanoporous architectures, it promises a wide range of useful applications such as in batteries and catalysts but due to the lack of efficient synthetic strategies, such applications have not yet been successful. By taking advantage of the pore-selective carbon filling at decreased temperatures, the synthesis can readily be scaled up for studies requiring bulk quantities of carbon, in particular high electrical conductivity, which is a highly sought aspect for the production of batteries.
YouTube Link: https://youtu.be/lkNiHiB8lBk
Image 1: (Top to Bottom) Zeolite Template: Microporous Aluminosilicate; Zeolite ion exchanged with La3+ ions in aqueous solution; and Zeolite Template with La3+ ions
Image 2: (Top to Bottom) Catalytic carbonization progressed at La3+ ions-exchanged sites using ethylene as a carbon precursor. Carbon is highlighted in grey; Zeolite template removed in an acid solution (HF/ HCl); Microporous 3D graphene-like carbon
2016.07.01 View 8653 -
Top 10 Emerging Technologies by World Economic Forum
The World Economic Forum’s Meta-Council on Emerging Technologies announced its annual list of breakthrough technologies, the “Top 10 Emerging Technologies of 2016,” on June 23, 2016. The Meta-Council chose the top ten technologies based on the technologies’ potential to improve lives, transform industries, and safeguard the planet. The research field of systems metabolic engineering, founded by Distinguished Professor Sang Yup Lee of the Chemical and Biomolecular Engineering Department at KAIST, was also citied. Systems metabolic engineering, which combines elements of synthetic biology, systems biology, and evolutionary engineering, offers a sustainable process for the production of useful chemicals in an environmentally friendly way from plants such as inedible biomass, reducing the need of using fossil fuels. Details about the list follow below:
https://www.weforum.org/press/2016/06/battery-powered-villages-sociable-robots-rank-among-top-10-emerging-technologies-of-2016
The picture below shows the “systems metabolic engineering of E. coli for the production of PLGA." PLGA is poly(lactate-co-glycolate), which is widely used for biomedical applications, and has been made by chemical synthesis. Now it is possible to produce PLGA eco-friendly by one-step fermentation of a gut bacterium which is developed through systems metabolic engineering.
2016.06.27 View 9720 -
Special Lecture by Professor Sung-Hou Kim of UC Berkeley
As part of its special lecture series, the Department of Biological Sciences at KAIST has invited Professor Sung-Hou Kim of the Department of Chemistry at the University of California, Berkeley, to lecture on his research in structural biology. He will speak twice on May 23 and 30, respectively, on the topics “Origin of Universe and Earth—A Narrative” and “Origin of Life and Human Species—A Narrative.”
Professor Kim's research addresses the structural basis of molecules to reveal how they communicate with each other to activate or inhibit particular processes in cell growth, cell differentiation, and cancer. Using the single-crystal X-ray diffraction technology, he discovered, for the first time in the world, the three-dimensional (3-D) structure of a transfer RNA (t-RNA) and received much praise for this work from the scientific community. Since then, he has been cited as a candidate for a Nobel Prize in Chemistry for many years.
He also examined the 3-D structures of a RAS protein in normal and cancer cells and identified the mutations of the RAS protein as a cause for cancer. His work has assisted in the development of target drugs for cancer treatment. In recent years, he has adopted a computational biology approach to study the structure and function of biological genomics, with which he has tried to predict disease-sensitive genes.
Professor Kim graduated from Seoul National University in 1962 and received his Ph.D. degree in chemistry from the University of Pittsburgh in the United States in 1966. He worked at the Massachusetts Institute of Technology (MIT) as a senior research scientist, and has taught at UC Berkeley since 1978.
2016.05.23 View 6181 -
KAIST, NTU, and Technion Collaborate for Research in Emerging Fields
KAIST, Nanyang Technological University (NTU) of Singapore, and Technion of Israel signed an agreement on April 11, 2016 in Seoul to create a five-year joint research program for some of the most innovative and entrepreneurial areas: robotics, medical technologies, satellites, materials science and engineering, and entrepreneurship. Under the agreement, the universities will also offer dual degree opportunities, exchange visits, and internships.
In the picture from the left, Bertil Andersson of NTU, Sung-Mo Kang of KAIST, and Peretz Lavie of Technion hold the signed memorandum of understanding.
2016.04.14 View 9704 -
Public Lectures on the Korean Language and Alphabet
The School of Humanities and Social Sciences at KAIST will offer public lectures on the Korean language and alphabet, Hangul, from March 22, 2016 to April 26, 2016.
The lectures, which are entitled “The Riddle of Hangul,” will take place on campus in Daejeon.
A total of six lectures will be held on such topics as the origin of Korean, the grammar of ancient Korean in the Chosun Dynasty (1392-1897), and subsequent developments in contemporary Korean.
Professor Jung-Hoon Kim, who is responsible for organizing the public lecture program, said, “The audience will have an interesting opportunity to understand the history of Korean and its mechanism, while reviewing the unique spelling system of Hangul. I hope many people will show up for these wonderful classes.”
For further information and registration, please visit: http://hss.kaist.ac.kr. All lectures, available only in Korean, are free and open to the public.
2016.03.15 View 7435