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Chairman Jae-Chul Kim of Dongwon Group Donates a Total of 60.3 Billion Won to KAIST
<Jae-Chul Kim, Honorary Chairman of Dongwon Group>
"In the era of AI, a new future lies within the sea of data. I ask that KAIST leaps forward to become the world's No. 1 AI research group." — Jae-Chul Kim, Honorary Chairman of Dongwon Group
KAIST announced on January 16th that Honorary Chairman Jae-Chul Kim of Dongwon Group has pledged an additional 5.9 billion KRW in development funds to foster Artificial Intelligence (AI) talent and strengthen research infrastructure, bringing his total contribution to 60.3 billion KRW. This marks his second additional donation since 2020, continuing his steadfast support for strengthening South Korea's national competitiveness in the field of AI.
Through his initial donation in 2020, Chairman Kim established the 'Kim Jaechul Graduate School of AI' at KAIST, urging the university to secure world-class capabilities. Upon hearing that KAIST’s AI research level ranked 5th among global universities over the past five years (2020–2024), Chairman Kim requested that the university strive to reach the No. 1 spot in the world.
In response, President Kwang Hyung Lee explained, "To surpass Carnegie Mellon University (CMU), which is currently evaluated as the world’s best with an AI faculty of about 45, the KAIST Graduate School of AI needs to expand its faculty to over 50 and construct a dedicated research building." Chairman Kim responded by saying, "I will build the building," and this latest donation is a fulfillment of that promise.
This third pledge of 5.9 billion KRW was decided to cover the projected budget shortfall as the design of the AI Education and Research Building enters full-scale development.
The AI Education and Research Building will be a facility with 8 floors above ground and 1 basement level, covering a total floor area of 18,182 m² (approx. 5,500 pyeong). It is scheduled for completion in February 2028. Once finished, it will serve as a global AI research hub housing 50 faculty members and 1,000 students.
Since the 2021 academic year, KAIST has been selecting 60 Master’s and 10 Doctoral students annually as 'Dongwon Scholars' outside of the regular quota for a period of 10 years. While the tuition and research incentives for the first three years were supported by the donation, KAIST has been utilizing its own budget since the 2024 academic year to ensure students can focus entirely on their research.
Moving forward, the Kim Jaechul Graduate School of AI plans to build a world-class faculty and operate systematic Master's and Doctoral programs to cultivate global AI leaders. In addition to technical expertise, the school will offer educational programs focused on character and holistic development, leading the charge in strengthening Korea's AI competitiveness.
Honorary Chairman Jae-Chul Kim stated, "I hope this donation serves as a small 'priming water' for South Korea to leap forward as an AI powerhouse. I look forward to seeing global core talents grow here and contribute to our national strength."
President Kwang Hyung Lee expressed his gratitude, saying, "Chairman Kim’s unwavering support is the greatest driving force for KAIST to secure global AI sovereignty. We will ensure the Kim Jaechul Graduate School of AI becomes a mecca where the world's best AI minds gather to innovate, honoring the Chairman’s vision."
2026.01.16 View 181 -
Dongwon Group Honorary Chairman Kim Jae-chul Donates a Total of 54.4 Billion Won to KAIST
- Dongwon Group Honorary Chairman Kim Jae-chul, following his 2020 donation of 50 billion won, donates an additional 4.4 billion won to strengthen the AI education and research infrastructure
- The additional donation of 4.4 billion won will be used to build a new AI education and research building
- “In the AI era, there will be a new future in the sea of data. Please become the world’s No. 1 research group.” - Honorary Chairman Kim Jae-chul
< Photo 1. Kim Jae-chul, Honorary Chairman of Dongwon Group >
KAIST (President Kwang Hyung Lee) announced on the 6th of January that Dongwon Group's Honorary Chairman Kim Jae-chul has pledged an additional development fund of 4.4 billion won to strengthen the AI education and research infrastructure. This is his second donation following the 50 billion won donated in 2020.
In 2020, Chairman Kim expressed his hope that KAIST acquire the highest level of capabilities in the field of AI by establishing the "Kim Jaechul Graduate School of AI" with his donation. Upon hearing that KAIST's AI research level was ranked fifth in the world, Chairman Kim asked that it be raised to first.
In response to Chairman Kim's request, President Kwang Hyung Lee explained, "The number of AI professors at Carnegie Mellon University (CMU), currently ranked first in the world, is 45. To surpass this, the KAIST AI Graduate School's faculty should be expanded from its current level of 20 to 50, and a research building should be built so that they can focus on research." Chairman Kim responded, "I'll build that building for you, so don’t worry about that."
KAIST will use 48.3 billion won of the donated funds to build an education and research building with a total floor area of 18,182㎡ (5,500 pyeong) on eight floors above ground and one floor below ground. The new building, which is scheduled to be completed in February 2028, is expected to be a world-class educational research facility that can house 50 professors and 1,000 students.
Chairman Kim said, “When I was young, I looked for the future of Korea in the blue ocean of the world, but in the AI era, a new future will be in the ocean of data,” and explained the purpose of the donation, saying, “I hope that Korea will be able to lead the era of the 4th industrial revolution by fostering global core talents who can leap forward as leaders in the era of data exploration.”
President Kwang Hyung Lee said, “I respect Chairman Kim’s decision to open a new horizon for fostering next-generation scientific talents who will lead the world. KAIST will grow the Kim Jaechul Graduate School of AI into the world’s No. 1 AI research group, just as Chairman Kim wishes.”
Meanwhile, with this donation, President Kwang Hyung Lee has raised 261.2 billion won in donations during his tenure (1,400 days), raising an average of 186 million won per day.
2025.01.06 View 7068 -
Commencement Ceremony Honors the Class of 2022
Third online commencement ceremony since the pandemic outbreak celebrates 2741 graduates
The 2022 commencement ceremony convened online on February 18 to celebrate and award degrees to the Class of 2022. The graduating class of 2022 included 663 PhDs, 1,383 Masters, and 695 Bachelors. The limited number of attendees included 86 graduate representatives and approximately 20 faculty members in senior leadership, as well as Korea’s Minister of Science and ICT Hyesook Lim. The ceremony was livestreamed on KAIST’s YouTube channel.
Valedictorian Ji-Young Lee from the Department of Physics received the Minister of Science and ICT’s Award. Yu-Jin Bang from the School of Business and Technology Management was the Awardee of the Chairman of the KAIST Board of Trustees and the KAIST Presidential Awardee was Jong-Hwan Lee from the Department of Mathematical Sciences.
KAIST conferred honorary doctorates to Honorary Chairman Jae-Chul Kim of Dongwon Group and Chairman Sung-Hwan Chang of Samsung Brush. Chairman Kim, whose donation funded the establishment of the Kim Jae-Chul Graduate School of AI, was awarded an honorary doctorate of science technology. Chairman Chang was awarded an honorary doctorate of business administration in recognition of his funding in the fields of medical science and engineering at KAIST.
This year’s undergraduate commencement speaker was Hye-Lin Park from the School of Computing. She has severe cerebral palsy and was the first student admitted to KAIST with a severe physical handicap.
“I loved mathematics and wanted to become a mathematician. When I learned programming in my second year, I was so mesmerized by it that I transferred to the School of Computing,” said Park, who plans to continue studying programming languages in graduate school at KAIST.
“I spent my entire life of 24 years in this beautiful wheelchair. Without the support and help of my parents, friends, and my special teachers who helped me move and study at the campus, I would not have made it this far,” said Park. For easier access to classrooms and facilities, KAIST started to remodel its facilities to make the entrance of buildings more wheelchair-friendly. Park made many suggestions to the Office of Student Life and the Facilities Management Office on how to ease mobility for handicapped people on campus. The physical education course that was required for graduation was also revised to stipulate exceptions.
Minister Lim stressed the role of young scientists and researchers in these times of digital transformation dominated by AI and the metaverse. She encouraged the graduates to carry out their dreams with warm hearts and challenging spirits.
KAIST President Kwang Hyung Lee also stressed the power of dreams, calling for graduates to dream big even in times of uncertainty.
“Humanity stands at an inflection point in history. The fourth industrial revolution and outbreak of Covid-19 have unfolded the grand global transformation. Although the future gives us new opportunities, it also comes with anxiety regarding the uncertainties ahead.”
“Dreams make your heart race and push us to live life to the fullest. Dreams will help you keep moving forward even in the face of adversity,” he said.
2022.02.18 View 15495