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Lotte Group Chairman Dong-Bin Shin Awarded Honorary Doctorate
< Chairman Dong-Bin Shin (left) receives the degree certificate from KAIST President Kwang Hyung Lee (right). >
KAIST announced on the 26th that it awarded an Honorary Doctorate in Business Administration to Lotte Group Chairman Dong-Bin Shin at its main campus in Daejeon on the 25th.
Chairman Dong-Bin Shin, who received the Honorary Doctorate in Business Administration, is a leading South Korean business figure who has led sustainable corporate growth amidst a rapidly changing global business environment. As Chairman of Lotte Group, Chairman Shin has stably sophisticated the group's traditional business foundations centered on retail and consumer goods, while concentrating strategic capabilities on core areas that will determine future competitiveness, such as chemicals/materials, eco-friendly energy, and digital transformation.
KAIST stated, “Chairman Dong-Bin Shin has practiced responsible management by taking Environment, Social, and Governance (ESG) as a core pillar of management under the recognition that corporate performance cannot be separated from society,” and added, “We awarded the honorary doctorate in high evaluation of his efforts in materializing industrial transformation and social value creation based on science and technology through systems and execution.” Furthermore, the importance of the process in which the results of technological innovation are practically diffused to society and users, which has been reflected in his management strategy, was also cited as a background for this conferment decision.
Chairman Dong-Bin Shin has contributed to the creation of science and technology research infrastructure and the establishment of a foundation for convergence research through industry-academia cooperation with KAIST. Lotte Group donated 14 billion KRW in development funds to KAIST to establish the ‘LOTTE–KAIST R&D Center’ and the ‘LOTTE–KAIST Design Center,’ thereby laying the groundwork for multidisciplinary convergence research in core areas required by future society, such as carbon neutrality technology, bio-sustainability, energy/materials, and healthcare.
In particular, this cooperation was evaluated as an execution-oriented industry-academia cooperation model that links research infrastructure construction, medium-to-long-term research agenda setting, and the diffusion of research results into industry and society. Along with technical research centered on the R&D Center, the Design Center has played a role in expanding the social usability of technological research by focusing on the process through which research results are delivered to society and users. This has contributed to strengthening KAIST’s research competitiveness and establishing a virtuous cycle in which research results spread as social values.
Chairman Dong-Bin Shin said, "The convergence of technology and management through industry-academia cooperation is no longer a choice but a survival strategy," and added, "I hope that the journey of Lotte and KAIST, as innovation partners designing the future together, will lead to innovations that change the world for the better."
< Chairman Dong-Bin Shin delivering a speech after receiving his Honorary Doctorate in Business Administration. >
President Kwang Hyung Lee stated, “Chairman Dong-Bin Shin is a person who has presented a new role for companies through responsible management that connects science and technology, industry, and social value,” and added, “We awarded the Honorary Doctorate in Business Administration in high recognition of his contribution to expanding research infrastructure and building a foundation for convergence research through industry-academia cooperation with KAIST.”
2026.02.26 View 1055 -
KAIST Holds 2025 Commencement Ceremony
KAIST (President Kwang-Hyung Lee) held its 2025 Commencement Ceremony at the Lyu Keun-Chul Sports Complex on the Daejeon Main Campus at 2 p.m. on the 14th of February.
< A scene from KAIST Commencement 2025 - Guests of Honor and Administrative Professors Entering the Stage headed by the color guards of the ELKA (Encouraging Leaders of KAIST) >
At this ceremony, a total of 3,144 degrees were conferred, including 785 doctorates, 1,643 masters, and 716 bachelors. With this, KAIST has produced a total of 81,156 advanced science and technology personnel, including 17,313 doctorates, 41,566 masters, and 22,277 bachelors since its establishment in 1971.
Changyu Lee from the School of Computing received the Minister of Science and ICT Award, and the Chairman of the KAIST Board of Trustees Award went to Lance Khizner Dabu Gragasin, an international student from the Philippines of the Department of Chemical and Biological Engineering. The President’s Award was given to Seoyeong Yang of the Department of Biological Sciences, and the Alumni Association President’s Award and the Development Foundation Chairman’s Award was given to Gahyeon Bae of the Department of Industrial Design and Buyeon Kim of the Department of Mechanical Engineering, respectively.
Minister of Science and ICT Sang-Im Yoo joined the ceremony to deliver a congratulatory speech and to present the awards to outstanding graduates.
< Minister Sang-Im Yoo of the Ministry of Science, Technology and ICT giving his congratulatory message at KAIST Commencement 2025 >
The valedictorian speeches were given by Minjae Kim of the School of Computing, who has practiced the value of sharing that learning is not competition but cooperation, and Mohammed Haruna Hamza of the Department of Aerospace Engineering, a Nigerian international student. Mr. Hamza is the first foreign student to represent the graduating class as valedictorian since the founding of KAIST.
Hamza lost his home and school in his home country due to a terrorist group’s bombing and moved south, but despite the adversity, he continued his studies while pursuing his dream of becoming an aerospace engineer. As a result of his efforts, Hamza was invited by the Korean government to study at KAIST. He expressed his determination to pursue his dream by saying, “I am grateful for the people and experiences that helped me overcome my adversity. The future is the result of the decisions we make today.”
A Pakistani international student was chosen as one of this year's "Most Talked about Graduates of the Year". It is Ali Syed Sheraz who wore his doctoral cap at this year’s commencement ceremony. Ali, a single father who left his one-year-old son behind in his home country, working as a university lecturer. He joined the Ph.D. program in mechanical engineering in 2019 with a passion for mechanical energy.
Ali’s academic journey was full of challenges and growth. Due to COVID-19, his research was suspended for six months, and he had difficulty continuing his studies undergoing three surgeries after a bicycle accident, including a surgery for a fractured elbow, a nose surgery, and removal of kidney stones.
However, he accepted these failure and hardship as a process of growth and participated in the ‘Failed Project Showcase’ and ‘Failure Essay Contest’ held by the KAIST Failure Society, sharing his experiences and growing into a more solid researcher.
< Most Talked about Graduate Graduate of the Year - Syed Sheraz Ali >
Despite experiencing various hardships, he found lessons to learn from them and changed his perspective, which made him unafraid of taking on new challenges. He showed through his own example that failure is not just stumbling blocks but can be a stepping stone to success by looking at his studies and personal life positively.
Furthermore, after becoming the president of the Muslim Student Association, Ali introduced halal menus to the cafeteria on campus so that more Muslim students could eat comfortably. Thanks to this change, his time at KAIST has become an opportunity to understand and experience various cultures more.
Ali is researching artificial muscles (soft actuators) with the world's highest bending strain using MXene, an artificial muscle nanomaterial that can move smoothly, in Professor Il-kwon Oh's lab.
Ali said, "After completing my Ph.D., I plan to develop soft robots, healthcare electronics, and next-generation tactile technology based on MXene, a next-generation 2D material. It is important for my juniors not to be afraid of failure and to have a challenging attitude."
Another 'Most Talked about Graduate of the Year', Mr. Sung-Hyun Jung, who graduated with a master's degree from the Graduate School of Bio Innvation Management, is the CEO of Promedius, a medical AI startup, and has commercialized an osteoporosis diagnosis software based on chest X-rays using AI, and grown it into a leading company in the bone health field.
CEO Jung's challenge shows that KAIST's management education is not just theoretical but practical enough to be applied immediately in the field. CEO Jung, who is also the father of three daughters, experienced business failure in China during the period when the conflict between Korea and China was intensifying.
He moved to Silicon Valley in the United States to revive his business and tried to acquire even small businesses, but the reality was not easy. He worked hard, standing 14 hours a day in a kimchi factory and a restaurant kitchen to make a living. After finishing his life in the United States, CEO Jung returned to Korea and had the opportunity to join Lunit, a global medical AI leader founded by KAIST graduates. CEO Jung experienced the growth of the global medical AI market firsthand with unit Chairman Seungwook Paek.
When he entered the Master's Program at the Graduate School of Bio Innvation Management in 2023 to acquire more specialized knowledge, CEO Jung had just transferred to Promedius and was in a crisis situation with only about 6 months left before the company's funds were exhausted.
While considering a change in business direction because he judged that it would be difficult to survive with existing business items, he learned keywords and investment review perspectives that venture capital (VC) pays attention to in Professor Hoonje Cho’s ‘Bio-innovation Business Startup Strategy and Practice’ class. He attracted 11.4 billion won in investment by applying the investment proposal he wrote based on what he learned from the class to actual practice.
< Most Talked about Graduate of the Year - Sung-Hyun Jung >
In addition, he applied the innovation strategy in the medical field he learned in Professor Kihwan Park’s ‘Innovation and Marketing in Bio and Pharmaceutics’ to the field of osteoporosis, and achieved the result of being selected as the first Asian company to be a corporate advisory committee member of the International Osteoporosis Foundation (IOF). Through this, he established the company as a representative global entity in the osteoporosis field in just one year.
CEO Jung, who applied what he learned from KAIST to actual management and achieved results in the global market in a short period of time, said, “I want to prove that KAIST education is not limited to theory, but is very practical.” He said, “I want to let people know that my life, once full of hardship, got on the track toward success after encountering KAIST,” and expressed his ambition, saying, “My long-term goal is to create a world-class company that is recognized globally.”
In addition, an honorary doctorate was awarded to Chairman Joong Keun Lee of Booyoung Group at the commencement ceremony.
Chairman Joong Keun Lee, who is an entrepreneur that led Booyoung Group, a leading general construction company, received the honorary doctorate in business administration, for leading the development of domestic housing welfare, education, and culture.
KAIST Provost Gyunmin Lee said, “Chairman Joong Keun Lee spared no effort in providing dedicated support for the development of domestic science and technology and the cultivation of future talents. He is awarded the honorary doctorate in recognition of his social responsibility in various fields, including scholarships and support for educational facilities, as well as domestic and international education, culture, veterans affairs, and overseas support.”
Since founding Booyoung Group in 1983, Chairman Lee has boldly entered the rental housing business, a field that large construction companies had avoided, and has played a significant role in improving the quality of life of ordinary citizens by supplying 230,000 households out of 383 complexes and approximately 300,000 households nationwide as rental housing, thereby contributing greatly to the stability of national housing.
< Chairman Joong Keun Lee giving his acceptance speech for his honorary Doctorate >
Chairman Joong Keun Lee, who has been offering hope for a sustainable future, said, “I am honored to receive an honorary doctorate from KAIST, and I hope that KAIST students will nurture their dreams and talents and grow into global talents who will contribute to national development.”
President Kwang-Hyung Lee said, “Chairman Joong Keun Lee has been carrying out various social contribution activities, and in particular, through supporting academic infrastructure, which is the core of national competitiveness, we can see his deep interest in and sense of responsibility for the development of science and technology in our country.” He added, “I am truly delighted to have him as a member of the KAIST family, and I congratulate him on behalf of all members, including our students.”
President Kwang-Hyung Lee also delivered a message of encouragement at the ceremony to charge the graduates to, “Find and keep a dream of your own, be on the lookout for opportunities, don’t be afraid of making mistakes, and do not shy away from taking on challenging tasks.” He added, “Even if you fail, don’t give up. Keep on trying so that you will get to that stage of radiate your own light on the stages where anything is possible.” (End)
2025.02.14 View 14515