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Joint Research Center on EEWS with Hyundai Heavy Industries Plans to Open
The research center will conduct collaborative R&D projects on energy, environment, water, and sustainability for the next five years.Hyundai Heavy Industries (HHI), the world’s largest shipbuilding company, signed an MOU with KAIST for future business development and joint research collaboration. KAIST and HHI signed an MOU as an agreement to establish the “HHI-KAIST EEWS Research Center (HK Research Center) on June 21st.” The major mission of the HK Research Center is to build a strong base for creating future businesses through developing fundamental, core technology in the field of EEWS and designing business models based on the new technology. Toward this goal, HHI will sponsor the R&D budget and operation expenses of the research center for the next five years. Prior to the signing of the MOU, a delegation from HHI, led by the Vice President, Mr. Si-Young Hwang, visited the Office of EEWS Initiative at KAIST and held a workshop. During the workshop, HHI and KAIST agreed to collaborate in fields such as LNG-propelled ships, solar power generation, energy storage, fuel cells, and CO2 capture. KAIST has run a EEWS graduate program that receives government grants over the last five years, with a research emphasis on energy, environment, water, and sustainability, which are crucial issues to humankind in the 21st century. The EEWS program achieved 24 core technological developments and educates more than 200 masters- and PhD-degree students annually. The EEWS program also emphasizes commercializing its research outcomes. Through the annual Business Planning Competition and Investment Drive, there have been eight new companies founded by alumni and professors over the last five years of the program. The HK Research Center will be an excellent foundation for future education and research in EEWS. Professor Jae-Kyu Lee, the head of the HK Research Center and the director of the EEWS Initiative, said, “This event is a benchmarking example of Industry-KAIST collaboration. We hope that the HK Research Center will be a place for disruptive innovations to translate into creative business opportunities.” MOU signed for Hyundai Heavy Industries-KAIST EEWS Research Center
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