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Board Chairman Chung Makes First Visit to Building Named After Him
Moon-Soul Chung, chairman of the KAIST board of trustees, visited the building built with his donation on Monday (Oct. 19) for the first time since he made the deed of gift eight years ago, university authorities said on Monday (Oct. 19). In 2000, Chung, founder and former CEO of Mirae Corp, manufacturer of semiconductor testing equipment, announced retirement and handed over the presidency of his company to one of his managing directors. One year later in 2001, he donated 30 billion won, then equivalent to $30 million, to KAIST. It was by then the largest amount given by a single donor. The major part of his donation went to constructing a building for the newly-established Department of Bio and Brain Engineering, and it was named after him. However, Chung did not attend the ground-breaking and dedication ceremonies, saying that he would not enter the building until KAIST achieved a breakthrough technology which can inject a hope to Koreans. On his first visit to the building, he was briefed on the major research outcomes of the department over the past seven years, which were highlighted by the recent invention of an apparatus for measuring perfusion rate of legs. A KAIST team headed by Prof. Chul-Hee Choi invented a light leakage prevention unit including a light emitting device for radiating light having a certain wavelength onto a living body injected with Indocyanine Green (ICG). According to Prof. Choi, the invention relates to an apparatus for measuring the perfusion rate of legs. The invention also includes a light leakage prevention housing formed to prevent transmission of external light. Chung expressing satisfaction with the achievements and encouraged professors, researchers and students working at the Moon-Soul Chung Building.
Respected Entrepreneur Chung Elected New Board Chairman of KAIST
Moon-Soul Chung, founder and former CEO of Mirae Corp. who is well known as the first-generation venture entrepreneur in Korea, was elected new chairman of the KAIST Board of Directors at the 193rd Regular Board Meeting held on March 20 in Seoul, school authorities announced Monday, March 23. Born in 1938 in Imsil, North Jeolla Province, Chung graduated from the Oriental Philosophy Department of Won Kwang University. Chung founded Mirae Corp., a semiconductor equipment manufacturer, in 1983 and got his company listed on KOSDAQ and NASDAQ markets later. His business principles stressing transparency, integrity, and technology, earned the respect of Korean businesspeople. In 2000, he suddenly announced retirement and handed over the presidency of his company to one of his managing directors. One year later, he donated 30 billion won to KAIST. It was by then the largest amount given by a single donor. In 2007, he was awarded an honorary degree of doctor of engineering from KAIST. He formerly served as chairman of Venture Leaders Club, President CEO of Lycos Korea and chairman of the board of directors of Kookmin Bank.
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