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Professor Jae-Kyu Lee Elected to Head the Association for Information Systems
Jae Kyu Lee, HHI (Hyundai Heavy Industries, Co., Ltd.) Chair Professor, College of Business at KAIST, was elected to lead the world major academic society, Association for Information Systems (AIS), from July 2015 to June 2016. Professor Lee will be the first Korean to serve the organization as president. From July 2014 to June 2015, he will serve as president-elect. Currently, Professor Lee is the Director of EEWS (Energy, Environment, Water, and Sustainability) Research Center at KAIST, focusing on research and development in finding solutions to critical issues facing humanity. He also played a pivotal role in the conclusion of a memorandum of understanding between HHI and KAIST in June 2013 to establish HHI-KAIST EEWS Research Center within the KAIST campus. The AIS is the premier professional association for individuals and organizations who lead the research, teaching, practice, and study of information systems worldwide. A news article on his appointment: Asian Scientist, May 16, 2014 Korean Engineer To Lead The Association For Information Systems http://www.asianscientist.com/academia/korean-engineer-lead-association-information-systems-2014/
Professor Jae-Kyu Lee Elected to Head the Association for Information Systems
Jae Kyu Lee, HHI (Hyundai Heavy Industries, Co., Ltd.) Chair Professor, College of Business at KAIST, has been elected to lead the world major academic society, Association for Information Systems (AIS), from July 2015 to June 2016. Professor Lee will be the first Korean to serve the organization as president. From July 2014 to June 2015, he will serve as president-elect. Currently, Professor Lee is the Director of EEWS (Energy, Environment, Water, and Sustainability) Research Center at KAIST, focusing on research and development in finding solutions to critical issues facing humanity. He also played a pivotal role in the conclusion of a memorandum of understanding between HHI and KAIST in June 2013 to establish HHI-KAIST EEWS Research Center within the KAIST campus. The AIS is the premier professional association for individuals and organizations who lead the research, teaching, practice, and study of information systems worldwide.
High Efficiency Bio-butanol production technology developed
KAIST and Korean Company cooperative research team has developed the technology that increases the productivity of bio-butanol to equal that of bio-ethanol and decreases the cost of production. Professor Lee Sang Yeop (Department of Biological-Chemical Engineering) collaborated with GS Caltex and BioFuelChem Ltd. to develop a bio-butanol production process using the system metabolism engineering method that increased the productivity and decreased the production cost. Bio-butanol is being widely regarded as the environmentally friendly next generation energy source that surpasses bio-ethanol. The energy density of bio-butanol is 29.9MJ (mega Joule) per Liter, 48% larger than bio-ethanol (19.6MJ) and comparable to gasoline (32MJ). Bio-butanol is advantageous in that it can be processed from inedible biomass and is therefore unrelated to food crises. Especially because bio-butanol shows similar characteristics especially in its octane rating, enthalpy of vaporization, and air-fuel ratio, it can be used in a gasoline engine. However barriers such as difficulty in gene manipulation of producer bacterium and insufficient information prevented the mass production of bio-butanol. Professor Lee’s team applied the system metabolism engineering method that he had invented to shift the focus to the production pathway of bio-butanol and made a new metabolism model. In the new model the bio-butanol production pathway is divided into the hot channel and the cold channel. The research team focused on improving the efficiency of the hot channel and succeeded in improving the product yield of 49% (compared to theoretical yield) to 87%. The team furthered their research and developed a live bio-butanol collection and removal system with GS Caltex. The collaboration succeeded in producing 585g of butanol using 1.8kg of glucose at a rate of 1.3g per hour, boasting world’s highest concentration, productivity, and rate and improving productivity of fermentation by three fold and decreasing costs by 30%. The result of the research was published in world renowned ‘mBio’ microbiology journal.
KAIST to Support R&D Plans of Mid-Small Sized Enterprises
KAIST signed a MOU for the ‘Support for R&D Plans for Mid-Small Sized Firms’ with the Small and Medium Business Conference and Korea South-East Power Co. Ltd. KAIST and Korea South-East Power Co. Ltd. will now be improving their cooperation on supporting R&D plans to help the technology development and commercialization for Small and Medium Businesses. Korea South-East Power Co. Ltd. will now select 20 best qualified firms out of its 300 cooperating firms and suggest them as candidates to KAIST Business membership System. The suggested firms will be given: ▲Strategy R&D Planning ▲Consult Difficult Technology ▲Provide Information on Research Labs and Researchers among other various programs. The firms participating in the KAIST Business membership System will be able to minimize risk and increase its possibility for success on Development Technology. KAIST Business membership System is a program provided to firms for a membership fee, in order to create technological innovation and strengthen cooperation between university and industry.
Lecture Hall Named After Venture Businessman Min-Hwa Lee
A lecture hall in the Alumni Start-Up Building on the KAIST campus was named Min-Hwa Lee Hall in a ceremony on Tuesday to pay tribute to KAIST alumnus Min-Hwa Lee"s contributions to the development of Korean venture business. On hand at the ceremony were Sung-Woo Hong, head of the Small and Medium Business Administration, KAIST President Nam-Pyo Suh, dozens of KAIST alumni representatives, and figures from government research institutes. Lee, who obtained his M.S. (1978) and Ph.D. (1985) in Electrical Engineering from KAIST, established a fund of 10 billion won along with other KAIST alumni in 2001 and donated it for the construction of the Alumni Start-Up Building for aspiring entrepreneurs. To remember his lofty vision, KAIST decided to name a lecture hall after him. As a venture businessman, Lee founded the Madison, Ltd., one of the earliest venture companies in Korea, in 1985. Lee then played a leading role in the creation of the Korea Venture Industry Association in 1995, and in the establishment of KOSDAQ and the enactment of a special law for venture enterprises. KAIST will appoint Lee as an adjunct professor in recognition of his expertise in venture business and commercialization of new inventions. Lee will teach entrepreneurship at the Graduate School of Management and the Institute for Gifted Students, a KAIST affiliate. "Dr. Lee has made a great contribution to the development of Korean venture business. At a time when commercialization of new inventions was at an infant stage, he nurtured technology ventures and built the foundation for the proliferation of technology venture," President Suh said. "We expect that he will strive to open the generation of technologies which will lead the development of Korea in the future and become a mentor of aspiring entrepreneurs," Suh added.
CJIS donates development fund of two hundreds million won to KAIST
CJIS donates development fund of two hundreds million won to KAIST CJ Investment & Securities Co., Ltd. (CJIS/ CEO Hong-Chang Kim) donated a development fund of two hundreds million won to KAIST (President Nam-Pyo Suh) on Monday, August 30 to contribute to the development of KAIST and its fostering of science genius. At the donation ceremony held at the main conference room in KAIST main administration building, CJIS CEO Hong-Chang Kim said, “I am very pleased to contribute to the development of KAIST, which is developing into a world-class research university.” In response to this, KAIST president Nam-Pyo Suh said, “I am very grateful for CJIS’s support. I will do my best to make KAIST one of the world-class research universities to be the hub of the world as well as Korea in the field of the cutting-edge science and technology.”
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