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Formosa Group of Taiwan to Establish Bio R&D Center at KAIST Investing 12.5 M USD
KAIST (President Kwang-Hyung Lee) announced on February 17th that it signed an agreement for cooperation in the bio-medical field with Formosa Group, one of the three largest companies in Taiwan.
< Formosa Group Chairman Sandy Wang and KAIST President Kwang-Hyung Lee at the signing ceremony >
Formosa Group Executive Committee member and Chairman Sandy Wang, who leads the group's bio and eco-friendly energy sectors, decided to establish a bio-medical research center within KAIST and invest approximately KRW 18 billion or more over 5 years. In addition, to commercialize the research results, KAIST and Formosa Group will establish a joint venture in Korea with KAIST Holdings, a KAIST-funded company.
The cooperation between the two organizations began in early 2023 when KAIST signed a comprehensive exchange and cooperation agreement (MOU) with Ming Chi University of Science and Technology (明志科技大學), Chang Gung University (長庚大學), and Chang Gung Memorial Hospital (長庚記念醫院), which are established and supported by Formosa Group. Afterwards, Chairman Sandy Wang visited KAIST in May 2024 and signed a more specific business agreement (MOA).
KAIST Holdings is a holding company established by KAIST, a government-funded organization, to attract investment and conduct business, and will pursue the establishment of a joint venture with a 50:50 equity structure in cooperation with Formosa Group. KAIST Holdings will invest KAIST’s intellectual property rights, and Formosa Group will invest a corresponding amount of funds.
The KAIST-Formosa joint venture will provide research funds to the KAIST-Formosa Bio-Medical Research Center to be established in the future, secure the right to implement the intellectual property rights generated, and promote full-scale business.
The KAIST-Formosa Bio-Medical Research Center will establish a ‘brain organoid bank’ created by obtaining tissues from hundreds of patients with degenerative brain diseases, thereby securing high-dimensional data that will reveal the fundamental causes of aging and disease. It is expected that KAIST’s world-class artificial intelligence technology will analyze large-scale patient data to find the causes of aging and disease.
Through this business, it is expected that by 2030, five years from now, it will discover more than 10 types of intractable brain disease treatments and expand to more than 20 businesses, including human cell-centered diagnostics and preclinical businesses, and secure infrastructure and intellectual property rights that can create value worth approximately KRW 250 billion.
The Chang Gung Memorial Hospital in Taiwan has 10,000 beds and handles 35,000 patients per day, and systematically accumulates patient tissue and clinical data. Chang Gung Memorial Hospital will differentiate the tissues of patients with degenerative brain diseases and send them to the KAIST-Formosa Bio-Medical Research Center, which will then produce brain organoids to be used for disease research and new drug development. This will allow the world’s largest patient tissue data bank to be established.
Dean Daesoo Kim of the College of Life Science and Bioengineering at KAIST said, “This collaboration between KAIST and Formosa Group is a new research collaboration model that goes beyond joint research to establish a joint venture and global commercialization of developed technologies, and it is significant in that it can serve as an opportunity to promote biomedical research and development.”
With this agreement, KAIST, which has been promoting the KAIST Advanced Regenerative Medicine Engineering Center in Osong K-Bio Square, has secured a practical global partner.
< Representatives of the Formosa Group and KAIST >
KAIST’s Senior Vice President for Planning and Budget, Professor Kyung-Soo Kim emphasized, “KAIST has made great efforts to secure an edge in state-of-the-art biomedical fields such as stem cells and gene editing technology, by attracting the world’s best experts and discovering global cooperation partners, and these results can ultimately be linked to the Osong K-Bio Square project.”
SVP Kim then predicted, “In particular, the practical cooperation with Taiwan’s best Formosa Chang Gung Memorial Hospital, which has abundant clinical experience in stem cell treatment, will be an important axis of KAIST’s bio innovation strategy.”
Formosa Chairman Sandy Wang emphasized that this investment and cooperation is built on trust in KAIST’s R&D capabilities and the passion of its researchers. And added that through this, the Formosa Group will practice corporate social responsibility and take an important first step together with KAIST to protect the welfare and health of humanity. She also went on the say that she expects to see the cooperation expanded to various fields such as mobility and semiconductors based on the successes begotten from the cooperation in the bio field.
KAIST President Kwang-Hyung Lee said, “I evaluate this agreement as one of the most important events that will spearhead KAIST into overseas biotechnology stages,” and added, “I expect that this cooperation will be an opportunity for Taiwan and Korea, both of which have IT industry-centered structures, to create new growth engines in the bio industry.” Meanwhile, Formosa Group is a company founded by Chairman Sandy Wang’s father, Chairman Yung-Ching Wang. It is the world’s No. 1 plastic PVC producer and is leading core industries of the Taiwanese economy, including semiconductors, steel, heavy industry, bio, and batteries. Chairman Yung-Ching Wang was respected by the Taiwanese people for his exemplary return of wealth to society under the belief that the companies and assets he founded “belong to the people.”
2025.02.17 View 1313 -
Cyber MOU Signing with Zhejiang University
KAIST signed an MOU with Zhejiang University (ZJU) in China on March 25. This MOU signing ceremony took place via video conference due to the outbreak of COVID-19.
The collaboration with ZJU had already started with the signing of an MOU for cooperation in technology commercialization last December. Possible cooperation initiatives included facilitating joint start-up businesses, patent portfolios, and technology marketing.
With this general agreement signing, it is expected that the two institutes will expand mutual exchanges and collaborations at the institutional level for education and research.
President Sung-Chul Shin said, “We will work together to devise measures for the systematic advancement of cooperation in various directions, including education, research, and the commercialization of technologies.”
ZJU, a member of the C9 League known as China’s Ivy League, was established in 1897 and is located in the city of Hangzhou. Its population across 37 colleges and schools comprises 54,641 students and 3,741 faculty members. The university was ranked 6th in Asia and 54th in the world in the 2020 QS Rankings.
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2020.03.30 View 12484 -
KAIST-Google Partnership for AI Education and Research
Google has agreed to support KAIST students and professors in the fields of AI research and education. President Sung-Chul Shin and Google Korea Country Director John Lee signed the collaboration agreement during a ceremony on July 19 at KAIST.
Under the agreement, Google will fund the Google AI-Focused Research Awards Program, the PhD Fellowship Program, and Student Travel Grants for KAIST. In addition, Google will continue to provide more academic and career building opportunities for students, including Google internship programs.
KAIST and Google has been collaborating for years. Professor Steven Whang at the School of Electrical Engineering and Professor Sung Ju Hwang at the School of Computing won the AI-Focused Award in 2018 and conduct their researches on "Improving Generalization and Reliability of Any Deep Neural Networks" and "Automatic and Acitionable Model Analysis for TFX," respectively. Outstanding PhD students have been recognized through the PhD Fellowship Program. However, this new collaboration agreement will focus on research, academic development, and technological innovation in AI.
Google plans to support research in the fields of deep learning, cloud machine learning, and voice technologies. Google will fund the development of two educational programs based on Google open source technology each year for two years that will be used in the new AI Graduate School opening for the fall semester.
John Lee of Google Korea said, “This partnership lays a solid foundation for deeper collaboration.” President Shin added, “This partnership will not only advance Korea’s global competitiveness in AI-powered industries but also contribute to the global community by nurturing talents in this most extensive discipline.”
2019.07.22 View 8100 -
KAIST-KU Sign MOU on 4th Industrial Technology Development
(President Shin(second from left) poses with Khalifa University President Tod Laursen after signing an MOU in the UAE on March 25. Far left is Chairman of the NST Kwangyun Wohn and far right is the UAE Minister of Educatiion Hussain Al Hammadi.)
KAIST President Sung-Chul Shin and Khalifa University Interim President Tod Laursen signed an MOU on the Fourth Industrial Technology Development on March 25 in the UAE.
They signed the MOU during the UAE-ROK Nuclear Friendship and KAIST Alumni Night at Khalifa University co-hosted by KAIST and the Korea Atomic Energy Research Institute (KAERI). The MOU will bring new opportunities to further expand bilateral cooperation in education and training in the relevant technologies called for the era of the Fourth Industrial Revolution.
More than 100 dignitaries including Chairman of National Research Council of Science and Technology (NST) in Korea Dr. Kwangyun Wohn, President of KAERI Jaejoo Ha, the UAE Minister of Education His Excellency Hussain Al Hammadi, Minister of State for Advanced Sciences Her Excellency Sarah bint Yousef Al Amiri, and His Excellency Federal Authority for Nuclear Regulation (FANR) Director General Christopher Viktorsson attended the event. In particular, a significant number of Emirati graduates of the KUSTAR-KAIST education program and many others who completed various KAIST training programs joined the event.
The Nuclear Friendship Night was celebrating the completion of the first nuclear power plant in Barakah exported by Korea. This is the first nuclear reactor in the Middle East, which is to start operation later this year. The event also coincided with Korean President Moon Jae-In’s state visit to the UAE.
KAIST and KAERI gathered distinguished leaders from the higher education and nuclear industries at the event in response to the UAE government’s top national agenda of fostering future talents and promoting the nuclear industry in order to ensure energy security.
KAIST and Khalifa University signed an initial agreement in education and research in 2009 when the governments of Korea and the UAE signed a contract to build four nuclear power plants in Barakah. Since then, the two universities have worked together closely in the areas of nuclear engineering, bio-medical engineering, robotics, mechanical engineering, chemical engineering, and materials science. With this signing on the new MOU, the partnership between the two institutions will mark the second phase of educating high-caliber human resources in science and technology of the two countries.
The KAIST Alumni Night also brought more opportunities to appreciate the achievements that the two countries have made through collaboration in education and research, mostly represented in the field of nuclear technology between KAIST and Khalifa University. During the event, KAIST graduates also shared their experiences from the education at KAIST, followed by the welcoming speeches from the UAE Minister of Education and the UAE Minister of State for Advanced Sciences.
KAIST President Shin, in his welcoming speech at the event, said, “I look forward to more students in the UAE having the opportunity to experience the world’s top-level education and global environment that KAIST offers. The collaboration with Khalifa University and the UAE is very important for building both countries’ future growth.”
KU President Laursen said, “This MOU on research cooperation focusing on technologies for the Fourth Industrial Revolution, nuclear engineering, and other technical areas will further consolidate our partnership with KAIST and support us in developing human capital suitable to take on future challenges in the science and technology sectors. We firmly believe the talent pool of experts created by this initiative will contribute to the overall economic growth of the UAE.”
2018.03.26 View 9831 -
Seoul Climate-Energy Conference Seeks Global Sustainability
(President Shin and Former UN Secretary General at the Seoul Climate Change-Energy Conference)
Global leaders from both the private and public sectors discussed creative ways to seek inclusive green growth and sustainable development at the Seoul Climate-Energy Conference on November 24 in Seoul. The annual conference was co-hosted by KAIST and the Coalition for Our Common Future under the theme “Creating New Momentum for the Paris Agreement and a Sustainable Future.”
More than 100 global leaders participated in the forum including the Director General Frank Rijsbermanof the Global Green Growth Institute and Executive Director Howard Bamsey of the Green Climate Fund. Former UN Secretary-General Ban Ki-Moon, who played a significant role in the signing of the Paris Agreement, was the keynote speaker.
This year’s conference focused on Korea’s low carbon-energy transition and the Fourth Industrial Revolution to be aligned with green growth. At the conference, speakers and participants reviewed the progress of the decisions made by the UN Framework Convention on Climate Change (UNFCCC) COP23 in Bonn, Germany. The conference discussed topics of global collaboration for new climate regimes, green energy infrastructure, the Asia super grid, financing green energy, smart green cities, and new mobility.
President Sung-Chul Shin emphasized global action and greater resilience toward climate change in his opening remarks. He said, “Today’s climate change can be attributed directly to the past three industrial revolutions. As industrialization continues, we must not make future generations pay the cost of this Fourth Industrial Revolution.” He explained that it is increasingly complicated to address climate change and energy issues because even though the use of energy consumption will continue to increase, energy policies are interwoven with global politics.
He stressed three keywords to better address this global problem: innovation, collaboration, and speed. First he emphasized innovation as a priority for future success as it is hard to retain confidence without innovation.
He noted KAIST has made sustainability initiatives in the fields of EEWS (energy, environment, water, sustainability) and green mobility. He also noted the importance of collaboration as industries are moving beyond a single discipline. KAIST is making collaborations in R&D and sustainability sectors, such as Saudi Aramco’s CO2 management center in KAIST. Finally, he explained that the speed of new transformation will be beyond our imagination, and governments should work efficiently to address issues in a fast manner.
Meanwhile, Secretary-General Ban called for global unity in addressing climate change. He strongly emphasized that countries should make agreements not of willingness but of action, and that politicians should realize that this global agenda should be given top priority above domestic politics. He addressed how the world is experiencing the most powerful and destructive effects of climate change which makes active participation in the Paris Agreement increasingly important.
He expressed his concern that the richest and most powerful countries are backing off, emphasizing the role of these countries as both global leaders and top producers of CO2. He also shared his hopes that the OECD will continue to work to fill the absence of the United States, and stressed the importance of acquiring 10 billion USD by 2020 to fund mitigation and adaptation technologies for developing countries’ CO2 emissions.
Click for President Shin's opening remarks
2017.11.29 View 8516 -
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 11335 -
KAIST and Oberthur Technologies Agree for Research and Development in Mobile Security
Professor Kwangjo Kim of the School of Computing at KAIST has signed a research and development (R&D) agreement with Marc Bertin, the Chief Technology Officer of Oberthur Technologies (OT), a French security solutions firm, on September 18, 2015 in Paris.
Under the agreement, KAIST and OT will conduct joint research on mobile security as well as implement an internship program for KAIST graduate students to work either at OT’s R&D center in Korea or in France.
OT has established a research center in Korea in July 2014, which was the fourth of its research centers in Asia.
Professor Kim said, “Our goal at KAIST is to cultivate top-level security experts in security technologies. By partnering with such a leader in security technologies as OT, we know that we will both help shape tomorrow’s security solution for the IoT (Internet of Things) space.”
In the picture, Professor Kwangjo Kim (left) shakes hands with Marc Bertin, the Chief Technology Officer of Oberthur Technologies (right), after the signing of a memorandum of understanding.
2015.09.24 View 7581 -
KAIST and Chongqing University of Technology in China Open an International Program
With the help of KAIST, Chongqing University of Technology (CQUT) in China established an electrical engineering and computer science program and admitted their first 66 freshmen this fall semester.
The joint program was created to foster skilled engineers in the fields of electrical engineering and computer science, which are necessary for the development of the Korean and Chinese Industrial Complex located in Chongqing City.
KAIST has provided CQUT with a majority of the program’s curricula currently offered to its students in Daejeon, Korea.
Under the jointly administered program, KAIST takes on education and research while CQUT is responsible for student selection and administration.
KAIST has dispatched eight professors to teach the related fields in English, and 17 CQUT professors will teach the rest of the curricula.
In August 2014, KAIST and CQUT singed a cooperation agreement for education and research exchange and created the CQUT-KAIST Education Cooperation Center, which is headed by Professor Young-Nam Han of the Electrical Engineering Department at KAIST.
The two universities will expand their collaboration to include graduate programs by 2016.
In the picture below, President Steve Kang of KAIST (right) shakes hands with President Shi Xiaohui of Chongqing University of Technology (left).
2015.09.17 View 10318 -
KAIST and Sejong City Goverment Agree to Establish a Graduate School of Medical Science and Engineering
KAIST and the government of Sejong City will cooperate to establish a graduate school of medical science and engineering. On June 11, 2015, President Steve Kang of KAIST and Mayor Choon-Hee Lee of Sejong City signed a memorandum of understanding at the city hall of Sejong to establish the school.
Under the agreement, the two organizations will work out details to establish the graduate school in Sejong on such issues as administrative assistance, financial support, curriculum development, and the creation of an environment conducive to the growth of medical science.
President Kang said, “Once this graduate school is established, KAIST will be able to offer Korea and the world top-notch researchers in the field of medical science. I have high hopes that the school will produce high-impact research breakthroughs and lead in the advancement of interdisciplinary studies in biotechnology.”
In the picture below, President Steve Kang of KAIST (third from the left) holds the signed memorandum of understanding with Mayor Choon-Hee Lee of Sejong (fourth from the left).
2015.06.16 View 6763 -
KAIST to support the Genetic Donguibogam Research Project for global market entry of a new natural drug produced by Green Cross Corporation HS
In the wake of the spread of the Middle East Respiratory Syndrome (MERS), sales of immune-enhancing products in Korea such as red and white ginseng have risen dramatically. Ginseng is one of Korea’s major health supplement it exports, but due to the lack of precise scientific knowledge of its mechanism, sales of ginseng account for less than 2% of the global market share.
The Genetic Donguibogam Research Project represents a group of research initiatives to study genes and environmental factors that contribute to diseases and to discover alternative treatments through Eastern medicine. The project is being led by KAIST’s Department of Bio & Brain Engineering Professor Do-Heon Lee.
Professor Lee and Chief Executive Officer Young-Hyo Yoo of Green Cross Corporation HS, a Korean pharmaceutical company, signed a memorandum of understanding (MOU), as well as a non-disclosure agreement (NDA) to develop a naturally derived drug with an enhanced ginsenoside, pharmacological compounds of ginseng, for the global market entry of BST204 on June 10, 2015.
Donguibogam is the traditional Korean source for the principles and practice of Eastern medicine, which was compiled by the royal physician Heo Jun and first published in 1613 during the Joseon Dynasty of Korea.
Cooperating with Green Cross Co., HS, KAIST researchers will use a multi-component, multi-target (MCMT)-based development platform to produce the new natural drug, BST204. This cooperation is expected to assist the entry of the drug into the European market.
Green Cross Co., HS has applied a bio-conversion technique to ginseng to develop BST204, which is a drug with enhanced active constituent of aginsenosides. The drug is the first produced by any Korean pharmaceutical company to complete the first phase of clinical trials in Germany and is about to start the second phase of trials.
Professor Do-Heon Lee, the Director of the project said, “Genetic Donguibogam Research Project seeks to create new innovative healthcare material for the future using integrated fundamental technologies such as virtual human body computer modelling and multi-omics to explain the mechanism in which natural ingredients affect the human body.” He continued, “Especially, by employing the virtual human body computer modelling, we can develop an innovative new technology that will greatly assist Korean pharmaceutical industry and make it the platform technology in entering global markets.”
Young-Hyo Yoo, the CEO of Green Cross Co., HS, said, “For a new naturally derived drug to be acknowledged in the global market, such as Europe and the US, its mechanism, as well as its effectiveness and safety, should be proven. However, it is difficult and costly to explain the mechanism in which the complex composition of a natural substance influences the body. Innovative technology is needed to solve this problem.”
Professor Do-Heon Lee (left in the picture), the Director of Genetic Donguibogam Research Project, stands abreast Young-Hyo Yoo (right in the picture), the CEO of Green Cross Co., HS.
2015.06.10 View 8818 -
KAIST and Audi Korea Sign a Memorandum of Understanding to Establish a Startup Incubator
For the next five years, Audi Korea will provide USD 250,000 for the startup program.
KAIST recently signed a memorandum of understanding (MOU) with Audi Korea to establish a student-led startup program, the Audi-KAIST Innovation Lounge, to promote design and product development on May 19, 2015, at the KAIST Institute of Entrepreneurship on campus.
Directed by Professor Sang-Min Bae of the Industrial Design Department (IDD), the Audi-KAIST Innovation Lounge will operate a global business incubator where IDD undergraduate and graduate students cultivate their entrepreneurship skills and explore business opportunities to develop commercially-applicable product designs. Audi Korea will invest USD 250,000 in the Innovation Lounge project for the next five years.
Students will receive support from the Lounge to turn their ideas, class assignments, and graduation theses into business products through a full cycle of the product development process such as inquiry, prototype development, and commercialization. The Lounge will also provide students with mentoring services from industry professionals and experts who can assist the students in finding design solutions and building prototypes using 3D printers.
The Dean of IDD, Kun-Pyo Lee, said, “Audi has been known for its initiatives which blend technological innovations into design. Likewise, our department offers students an integrative approach to design education and research which incorporates human factors and technology as important features in the design process. I believe that the Audi-KAIST Innovation Lounge will help us lead such efforts in the future.”
Professor Bae added, “This MOU is quite significant because it shows an excellent collaboration between academia and industry. Ideas created in universities should not be left to languish as just an idea or research. Rather, they should be utilized as ways to serve the needs of our society, and to do so, it is important for the government and companies to pay more attention to these interactions taking place between academia and private sectors.”
The Head of Marketing at Audi Korea, Jorg Dietzel, said, “As seen in our corporate slogan, "Advancement through Technology," Audi has grown through numerous technological innovations. I hope Audi Korea can contribute to the support of KAIST students from the Industrial Design Department to realize their dreams as future entrepreneurs and bring more innovative ideas to their field.”
Picture: Jorg Dietzel (fifth from the left), the Head of Marketing at Audi Korea, and Kun-Pyo Lee (sixth from the left), the Dean of Industrial Design Department, KAIST, pose together right after signing an agreement to create the Audi-KAIST Innovation Lounge on May 19, 2015.
2015.05.22 View 9511 -
KAIST and the Naver Corporation Agree to Cooperate in Computer Science
KAIST and Naver, a Korean Internet corporation, concluded a memorandum of understanding (MOU) on April 17, 2015, to cooperate in advancing research and education in computer science.
Doo-Hwan Bae (pictured on the right below), the Dean of School of Computing at KAIST and Jong-Mok Park (pictured on left), the Director of Technical Cooperation at Naver, signed the MOU.
Under this agreement, the two organizations will foster computer scientists and engineers, conduct joint research projects, and develop training programs for entrepreneurs.
KAIST and Naver will organize a steering committee to lay out further details on the agreement.
2015.04.17 View 8106