KAIST

<(From Left) President Kwang Hyung Lee, Chairman Byung-Gyu Chang Professor Sukyoung Ryu from head of the School of Computing>

KAIST (President Kwang Hyung Lee) announced on the 1st of September that the School of Computing has established a “School of Computing Scholarship Fund” (worth 2 billion KRW) to provide consistent support for students in urgent need of financial assistance.

Professor Sukyoung Ryu, head of the School of Computing, who led the fundraising initiative, said, “Serving as a member of the KAIST Scholarship Committee since 2021, where the ‘Inseojeonggong Scholarship,’ also known as the ‘Emergency Relief Scholarship,’ greatly helped financially struggling students, I found it regrettable that once the principal was depleted, we were unable to continue providing support. With the establishment of this new School of Computing scholarship, we plan to begin providing aid from the Fall 2025 semester and hope that this initiative will expand to the entire KAIST community.”

Starting fundraising in May 2023, the School of Computing raised 1 billion KRW from a total of 63 donors. Alumnus Byung-Gyu Chang, Chairman of Krafton, supported the purpose of the scholarship and expanded the fund to 2 billion KRW by donating an equivalent amount through a 1:1 matching grant system.

The fundraising campaign saw participation from current students, alumni, faculty, and both current and former professors. Among them, alumni couple Jungtaek Kim (entered KAIST in ’92) and So-Yeon Ahn donated 200 million KRW to help students facing financial difficulties in their studies or job preparation. Alumni couple Ha-Yeon Seo (entered KAIST in ’95) and Dong-Hun Hahn (entered KAIST in ’96), following their earlier donation for the expansion of the School of Computing building, contributed an additional 40 million KRW to the scholarship fund.

Professor Emeritus Kyu-Young Whang and Professor Kyunghyun Cho of NYU, who had previously donated to the Kyu-Young Whang Scholarship Fund (formerly the Odysseus Scholarship Fund) and the Lim Mi-Sook Scholarship Fund respectively, also joined this initiative. Alumnus Seung Hyun Lee donated the entire $220,000 reward he received for reporting a critical security vulnerability in the Chrome browser.

Alumnus Bum-Gyu Lee, who co-runs the non-degree program “SW Academy Jungle” with the School of Computing, expressed gratitude for the role the school played in the growth of both himself and his company. Inquiring whether it “would be okay if [he] covered the remaining amount out of the 1 billion KRW target,” he became the final donor.

Professor Ryu emphasized, “Through this scholarship, I hope students who previously had to choose undesired paths due to financial reasons—despite wanting to pursue entrepreneurship or graduate studies—will have the chance to fully dedicate at least a semester or a year to the challenges they truly wish to take on.”

Chairman Byung-Gyu Chang stated, “I deeply resonate with the scholarship’s purpose of prioritizing support for students making career choices under financial strain. To accelerate its realization, I decided to make a matching donation equal to the fundraising amount. I hope this will serve as an opportunity to restructure the university-wide scholarship system.”

President Kwang Hyung Lee remarked that “KAIST’s greatest asset is its talented students who will lead the future, and no student should ever give up on studies, entrepreneurship, or dreams for financial reasons.” He added, “I hope this School of Computing scholarship will serve as a solid foundation for students to design and pursue their future challenges. I would like to thank all donors for their support and will actively review Chairman Chang’s proposal to ensure its realization.”

Meanwhile, the KAIST Development Foundation is actively promoting the “TeamKAIST” campaign for the general public and alumni to bring together more “KAIST benefactors.”
 ※ Related Website: https://giving.kaist.ac.kr/ko/sub01/sub0103_1.php