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KPC4IR Helping to Create Global Standards for Virtual Transactions
KPC4IR will join the task force for the Global Implementation of Travel Rule Standards
The KAIST Policy Center for the Fourth Industrial Revolution (KPC4IR) will participate in a global initiative to create global standards for virtual asset transactions. As a member of the GI-TRUST (Global Implementation of Travel Rule Standards) task force, the KPC4IR will develop technical standards and relevant policies that support the global implementation of the travel rule for virtual assets in compliance with the recommendations of the Financial Action Task Force’s (FATF).
The FATF is an intergovernmental organization founded in 1989 by the G7 to develop policies to combat money laundering. In June 2019, the FATF extended its Recommendation 16, commonly known as the “travel rule,” to virtual asset services providers (VASPs), requiring both financial institutions and VASPs to aggregate information on the senders and recipients of wire transfers and exchange this information between parties to create a suitable audit trail.
According to the FATF’s recommendation and the G20’s support, jurisdictions, especially G20 member countries, have now applied the travel rule to their respective local laws. Korea also amended the Act on Reporting and Using Specified Financial Transaction Information in March 2020 to include virtual assets in their regulatory scope by March 2022.
The GI-TRUST task force will collaborate with global and local organizations developing travel rule technologies and offer a neutral assessment of proposed solutions. Their activities are aimed at standardizing related authentication protocols and security technologies that help VASPs comply with the travel rule.
The task force will also aid in the pilot testing of travel rule solutions for certain VASPs in Korea. Afterwards, the task force will report on the performance and reliability of the tested travel rule solutions for actual virtual asset transactions, in compliance with the FATF’s guidance.
Besides the KPC4IR, the GI-TRUST task force includes the Global Blockchain Business Council (GBBC), International Digital Asset Exchange Association (IDAXA), and Korea Blockchain Association (KBCA).
Director of the KPC4IR Professor So Young Kim will co-chair the task force. Professor Kim said their approach should be prudential in dealing with the regulations that rely on secure real-name data on top of the opposing governance style of pseudonymization, distribution, and recombination.
She explained, “KAIST has designed the co-evolution of technologies and institutions in conjunction with the global leaders’ groups such as the World Economic Forum and the EC Joint Research Center.”
She expects KAIST’s interdisciplinary, global cooperation to untie the entangled problem between regulations and technologies that obstruct future pathways.
2021.07.30 View 7247 -
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 11113 -
2017 World Friends ICT KAIST Sets Off to Ethiopia, Tanzania
KAIST launched the ‘2017 World Friends ICT KAIST’ on 21 June at a ceremony held at the Faculty Club. The event was attended by 40 student volunteers and faculty members including President Sung-Chul Shin and student volunteers.
The ‘2017 World Friends ICT KAIST’ is an oversees volunteer program aimed at providing ICT education for students from developing countries and for cultural exchange. The program was organized by the KAIST Leadership Center and sponsored by the National Information Agency (NIA) since 2015.
President Sung-Chul Shin delivered words of encouragement to start the opening ceremony, followed by an oath-taking by the volunteer group, safety training, and a commemorative photoshoot. This year’s World Friends ICT volunteer group consisted of 32 students and 2 staff members to lead and to support the team.
The group was divided into eight teams including APP-frica, KAI-Tigers, and WITH (4 members per team) to volunteer in Addis Ababa Institute of Technology (AAIT) and Adama Science and Technology University in Ethiopia (ASTU), as well as Nelson Mandela African Institute of Science and Technology (NM-AIST) in Tanzania. The teams will educate local students on ICT and promote cultural exchanges. The volunteer period is from July 7 to August 5, lasting about a month.
KAIST conducted primary document examinations and interviews from April 27 to May 18 on volunteer candidates who registered to take part, and selected 32 student volunteers. A total of 68 students registered to volunteer, resulting in a 1:2.1 competition rate.
The volunteering program was customized to the local needs of Ethiopia and Tanzania and thus consisted of ICT education, cultural exchanges, volunteering at farms on the weekends, and science experiments. The area with the most focus by the volunteer team is ICT education, which accounts for 70% of the total volunteer activities. The aim is to educate Ethiopian students at AAIT and ASTU on Windows, MS Office, Adobe Photoshop, and using smartphones. In Tanzania, the team is to volunteer with students of NM-AIST to provide ICT application education such as water tank control using appropriate technology and Arduino to local high school students.
The team is also planning to promote cultural exchanges by preparing K-Pop dancing, traditional Korean games such as Korean shuttlecock game (jegichagi) and Korean wrestling (ssireum), traditional cooking such as bibimbab and half-moon-shaped rice cake (songpyeon), and teaching the Korean language, as well as preparing cultural performances with local university students. On the weekends, the team will visit local farms to volunteer, and local elementary schools and orphanages to conduct science experiments for children, as well as physical education and art activities.
(Photo caption: Volunteers poses with faculty and staff members including President Sung-Chul Shin at a ceremony on June 21.)
2017.06.29 View 9777 -
KAIST and KTH Establish a Dual Degree Program in Nuclear Engineering
Professor Man-Sung Im, head of the Nuclear and Quantum Engineering Department at KAIST and Director Waclaw Gudowski of the Physics Department at the KTH Royal Institute of Technology in Stockholm (KTH), Sweden, agreed to establish a dual master’s degree program in the field of nuclear and quantum engineering, and signed the agreement on July 4, 2016 at the Faculty Club on the KAIST campus.
Following the first joint degree program in mechanical engineering in 2014, this is the second dual degree program created between the two universities.
Under the agreement, which will be effective beginning in the 2016 fall semester, KAIST and KTH will exchange students, confer students dual degrees when they earn the required number of credits, and support financial aid for exchange students.
Dean Im said, “The two schools have enjoyed an excellent reputation in nuclear and quantum engineering, and offering students more opportunities to study abroad at the other university will produce synergistic effects for the growth of the two schools' education and research.”
Founded in 1827, KTH is regarded one of the most prestigious universities in Northern Europe.
Professor Man-Sung Im of KAIST’s Nuclear and Quantum Engineering (pictured on the left) and Director Waclaw Gudowski of KTH’s Physics Department are shaking hands after signing the agreement for the dual master’s degree program.
2016.07.05 View 8518 -
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 9885 -
KAIST and Charles University Agree to Cooperate
KAIST and Charles University in Prague, the Czech Republic, agreed to cooperate in research and education.
President Steve Kang of KAIST (pictured on the left) and Rector Tomáš Zima of Charles University signed the agreement on December 2, 2015, at the Hilton Hotel in Prague.
Minster Yang-Hee Choi of Science, ICT and Future Planning of the Republic of Korea and Minister Kateřina Valachová of Education, Youth and Sports of the Czech Republic also joined the signing ceremony.
Under the agreement, the two institutions will exchange students and researchers, as well as implement joint research programs.
President Kang said, “We are pleased to work with one of the most prestigious universities in the Czech Republic and hope to build a good partnership in the years ahead.”
Founded in 1348, Charles University in Prague is the oldest and largest university in the Czech Republic. The university received two Nobel prizes in physiology or medicine and in chemistry in 1947 and 1959, respectively.
2015.12.03 View 6903 -
KAIST Operates a Summer School with Imperial College London
KAIST and Imperial College London jointly hosted a summer school on the KAIST campus on July 14-17, 2015. Twenty-five students from both universities, 11 from KAIST and 14 from Imperial College, participated in the summer program.
KAIST and Imperial College agreed to hold academic and research exchange programs in 2013; this year’s summer school represented the first effort.
Participants were divided into a few cohorts of four or five students. They conducted a series of activities to implement joint research projects involving team building, networking, joint study, discussions, and presentations.
Among the projects the summer school ran, Professor Hoi-Jun Yoo of the Electrical Engineering Department at KAIST was invited to teach students about the mobile healthcare system, Dr. M, that he had developed.
Sung-Hyon Myaeng, Associate Vice President of the International Affairs Office, KAIST, said, “This summer school is yet another example of KAIST’s ongoing efforts to make the campus more global and to interact actively with members of the international community.”
2015.07.29 View 7337 -
Ethiopian Minister of Education Visits KAIST
An Ethiopian delegation headed by the Minister of Education visited the KAIST campus on February 26, 2015. The delegation consisted of Mr. Demitu Hambisa, Minister of Education, Mr. Dibaba Abdetta, Ethiopian Ambassador to Korea, Dr. Jang-Kyu Lee, President of Adama Science and Technology University (ASTU), and Mr. Nurelegne Tefera, President of Addis Ababa Science and Technology University (AASTU).
Minister Hambisa explained the purpose of his visit, “We would like to learn about what KAIST has achieved over the years for Korea and its people and increase exchanges and cooperation between our universities and KAIST.”
KAIST and the two Ethiopian universities, ASTU and AASTU, signed memoranda of understanding for cooperative programs in science and engineering education.
Established in 1993, ASTU appointed Dr. Jang-Kyu Lee, a former professor from Seoul National University, Korea, to become its president since 2011. President Lee is the first Korean ever to have served the institution.
2015.02.26 View 7556 -
ASPIRE League 2014: E-Olympics among Five Asian Universities
About 150 undergraduate students from five leading science and technology (S&T) universities in Asia met at the KAIST campus to attend the E-Olympics on August 7-9, 2014.
The E-Olympics began as a student exchange conference held under the Asian Science and Technology Pioneering Institutes of Research and Education (ASPIRE) League, which offers a variety of events, such as workshops, sports matches, lab visits, special lectures, and art performances, to promote academic and research collaborations and cultural sharing between the students of the league member universities.
Founded in 2009, the ASPIRE League is a university consortium consisted of five top S&T universities in Asia: KAIST in Korea, the Hong Kong University of Science and Technology (HKUST) and Tsinghua University in China, Nanyang Technological University (NTU) in Singapore, and Tokyo Institute of Technology (Tokyo Tech) in Japan. The ASPIRE League aims to provide a knowledge and technology hub for innovation in Asia through the advancement of science and technology and the development of human resources.
Since its start, the ASPIRE League has been holding an annual conference with programs for research collaboration, student exchange, educational cooperation, and satellite laboratories among professors, senior managers, and students of the member universities. This year, however, the consortium decided to dedicate the conference to students by holding the E-Olympics.
Each university sent 30 students to KAIST for the participation of the E-Olympics. For three days, participating students engaged in discussions and presentations at academic workshops; held athletic games including a relay race, basketball, and a rowing race; and toured a few KAIST laboratories, among them: the E-mobility Research Center, the Bio-imaging and Cell Signaling Research Center, the Mechatronics Systems and Control Center, and the Center of Field Robotics for Innovation, Exploration and Defense.
The students also attended a music concert performed by a KAIST student club and a lecture entitled “Entrepreneurship through Global Networking” that emphasized the importance of personnel networking in transferring technological innovation into business opportunities.
Chang-Dong Yoo, the Dean of the International Office at KAIST, said, “The E-Olympics will offer students from top science and technology universities in Asia opportunities to interact with each other on a more personal level. I hope that through many of the E-Olympics programs, the students will learn about each other’s culture and academic strength and develop a sense of community to create a “New Asia” by working together.”
2014.08.11 View 11919 -
KAIST International Students Organize KAIST ONE Program
International Students at KAIST are running a program called “KAIST ONE” (Overseas Networking Exchange) in order to promote an active exchange between students and to present their cultures.
Originally an international cultural activity at the ICU (then the Information and Communications University) in 2007, the program changed its name to “KAIST ONE” and was continued after the merging of the university with KAIST. Students of about 40 different countries have participated to date, and each annual event attracts more than 150 students.
Over 700 international students from 70 different countries around the world spontaneously organize and manage the KAIST ONE program, which is run five times this semester, every other Thursday from 7p.m. to 9p.m. at the KAIST International Center.
The 11th of last month and the 1st of this month witnessed an enthusiastic response from about 150 participants who joined the Columbian and the Saudi Arabian students in introducing their cultures, presenting traditional cultural performances, and sharing traditional foods.
The next in line are Danish, Ugandan, and Cameroonian students who are set to have their turns on this month’s 15th, 29th, and next month’s 6th, respectively.
Also notable is the active attention and support from foreign embassies such as the participation of Tunisian, Brazilian, Pakistani, Azerbaijani, Thai, and German ambassadors in the program since last year to provide food and introductory guides to cultures.
The director of this year’s program, Karim Charfi (Tunisian, 3rd year Electrical Engineering) said, “During the selection stage of each semester, everyone competes for the chance to present their country,” and “KAIST ONE has established itself as a unique and exotic cultural event at KAIST since it networks about 40 of the relatively less known countries such as Uganda, Cameroon, Tunisia, and Chile and the people with diverse cultures.”
The supervisor of the program, Chang Dong Yoo of the Office of Special Projects and Institutional Relations said, “KAIST ONE is an opportunity for international students to acquaint people with their cultures, and it is also a site of cultural exchange and of building friendships among KAIST students and international students,” and “we plan to extend the event such that not only the KAIST members but also the local residents can join in.”
The program welcomes KAIST students as well as the general public.
2012.12.21 View 7430 -
'KAIST ONE" program run by international students
International Students at KAIST are currently running the ‘KAIST ONE (Overseas Networking Exchange)’ program which promotes cultural exchange with other students.
The program started in 2007 at ICU and continues on as the ‘KAIST ONE’ event, after the school was integrated into KAIST. Students from over 40 different nationalities have participated in the program and an average of 150 students participates in each event.
The ‘KAIST ONE’ event is held every other Thursday at the KAIST international center from 7 to 9pm. Columbian and Saudi Arabian students hosted the event in October and November respectively and displayed their traditional culture and food. Students from Denmark, Uganda and Cameroon will host the event on November 15th, 19th and on December 6th respectively.
Since last year, the event has received great interest from many different embassies, with foreign ambassadors participating in the events.
Karim Charfi (Tunisia, Junior at the Department of Electrical Engineering), who planned the event, said that “KAIST ONE is a great opportunity to introduce foreign to other students” and that “it has become a unique event that can only be experienced at KAIST”.
Anyone can participate in the program, from KAIST students to outsiders.
2012.11.22 View 8239 -
Graduate School of Medical Sciences sign Exchange Agreement with Yonsei Graduate School of Medicine
KAIST’s Graduate School of Medical Sciences signed on the 22nd of February an Exchange Agreement with the Yonsei Graduate School of Medicine.
The Agreement was signed with hopes of cooperation in research in the field of medical science and will establish a Cooperation Committee. The committee will put in motion cooperative research, training programs, exchange students, exchange of technology, and hold symposiums and seminars.
The representatives stated that the agreement is more than just a symbolic, ceremonial agreement. The agreement was made so that both graduate schools will develop into a world-class research institute in medical sciences.
2011.03.02 View 9309