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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.
Prof. Jae-Kyu Lee Campaigns on "Bright Internet" Worldwide
Professor Jae-Kyu Lee (pictured on the right) from the College of Business at KAIST is one step closer to fulfilling his dream of achieving the “Bright Internet,” a campaign that he first proposed as he became the president of the Association for Information Systems (AIS) in June 2015. On December 12, 2015, Professor Lee signed a memorandum of understanding (MOU) at a convention center in Fort Worth, Texas, between the AIS and the International Telecommunication Union (ITU)—a specialized agency of the United Nations that is responsible for issues related to information and communication technologies—on a collaborative research and development program to make the Internet safer for everyone. The MOU pursues building a trusted international information and communication technology (ICT) infrastructure by proposing telecommunication policies, developing international standards, and organizing interdisciplinary conferences. The Bright Internet is an initiative to protect online users from cyber terrors, privacy breaches, and cyber-crimes. Further, it involves putting accountability to those who initiate or deliver cyber threats, thereby eliminating the possible source of Internet related crimes. Following the MOU agreement, Prof. Lee delivered a speech on his campaign at the 2015 International Conference on Information Systems and received positive responses from the audience. The Bright Internet campaign has been selected as visions of various ICT organizations worldwide including the Korea Society of Management Information System and the International Federation of Information Processing. KAIST and Tsinghua University in China adopted it as an academic topic for research and teaching. Prof. Lee claimed that the Internet should be used in a manner based on the values of trust, ethics, and decorum. He further noted that it is important to build Internet environments that not only protect individuals from cyber threats or attacks, but also hold those who commit online crimes accountable for their actions.
Dual Degree Programs with TU Berlin
Dual Degree Programs with TU Berlin- Five students to be exchanged each year from this year, receive degrees from both schools- Final stage of negotiation with GIT, UCSB- On-going DDP negotiations with Delft University of Technology in Netherlands, Royal Institute of Technology in Sweden, Technical University of Denmark, Norwegian University of Science and Technology, Tsinghua University in China, Tokyo Institute of Technology- DDPs with Ecole Polytechnique, INSA Lyon of France, and University of Karlsruhe of Germany underway at department levels KAIST (President Nam-Pyo Suh) will begin Dual Degree Programs (DDP) with Technical University of Berlin (TU Berlin). The both recently reached an accord on the implementation of DDP and will exchange maximum five students each year, starting this year. The DDP allows each school involved to exchange students who meet the counterpart’s requirements one-by-one with prior consensus of departments to accept the students and to confer its own diplomas on students who complete the prescribed graduation requirements. TU Berlin, established in 1770, currently holds 28,344 enrolled students, among which 5,829 students are from abroad (over 20%) and provides lectures for more than 50 subjects in the fields of Humanities, Social Sciences, Economics and so on with its emphases on Natural Science and Engineering. TU Berlin has fostered a multitude of distinguished scientists, including 1986 Nobel Prize Recipient in Physics Ernst Ruska who developed an electronic microscope for the first time in the world. KAIST has now been eagerly promoting the DDPs with many distinguished foreign universities. It is on the final stage of the DDP negotiation with Georgia Institute of Technology (GIT) and University of California Santa Barbara (UCSB), and has already agreed with Tsinghua University in China to implement the DDPs in several advanced fields. Also, an agreement with Tokyo Institute of Technology (TIT) is soon to be made. With Ecole Polytechnique and INSA Lyon of France, and University of Karlsruhe of Germany, the negotiation is underway at department levels, and the DDPs are also being promoted with Milan Technical University of Italy, Delft University of Technology of Netherlands, Royal Institute of Technology (KTH) of Sweden, Technical University of Denmark (DTU), Norwegian University of Science and Technology (NUNT). “As global interests in East Asia arise, interests in KAIST by many foreign universities also increase. We are planning to expand the scope of this program to provide KAIST students with more opportunities of studying abroad and to attract more outstanding foreign students,” KAIST Dean of Academic Affairs Kwang-Hyung Lee explained. - Dual Degree Program (DDP)In DDP, schools involved can maintain their own curriculums and confer their own degrees on students who complete the graduation requirements. Therefore, students can receive degrees from both schools involved. Meanwhile, DDP is not the same concept with Joint Degree Program (JDP), in which schools involved establish a joint curriculum and confer a single joint degree on students.
KAIST-Tsinghua High-Tech EXPO 2004
THE KAIST Herald 2004.5.12 By Jong-kyoung KimThe KAIST Herald Staff Reporter KAIST and Tsinghua University are holding KAIST-Tsinghua Korea-China High Tech EXPO 2004 from July 12 to 14, at the Beijing International Convention Center. The Expo seeks to contribute to economic development through promoting exchanges between exceptional Korean and Chinese start-up companies, and to promote cooperation between high-tech industries and academic institutions through academic and technological exchanges between each nation"s best technology institutions. The Expo is a big international affair held by a university from Korea and one from China. The Expo is also a means to implement the agreement between KAIST and Tsinghua in 2002 to promote exchanges between the two universities and to conduct international co-research. It is sponsored by various technology institutions of both nations. The Expo is different from other expos in that it is a specialized expo where Tsinghua-related companies, experts, and buyers participate to discuss the transfer of technologies and to deal in trades. Also, to insure that the Expo is beneficial to participating Korean companies, the Expo plans to offer business talks with at least ten Chinese companies per company. From Korea, thirteen companies from enterprise-incubation center and graduate start-ups with high-tech start-ups in areas of IT, BT, NT and mechatronics that are possible in exporting related products or transferring related technologies are participating. From China, Tsinghua-related companies, China Telecom, China Unicom, and other companies under China Telecommunication Association with other famous Chinese companies are expected to participate. In addition to exhibitions, co-work between KAIST and Tsinghua"s research centers and KAIST"s Technology Transfer & Exchange Center"s explanation on public technology transfer are taking place during the Expo. And, after three days of the Expo, about ten companies will move to Chungking, a city in western China to hold a product and technology explanation session.
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