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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.
Five Prominent Figures Appointed as KAIST Admission Officers
KAIST appointed five celebrated figures including Seung Park, former Bank of Korea governor, as admission officers on May 15, university authorities said on Thursday (May 14). The four others are Moon-Soul Chung, founder and former CEO of Mirae Corp., who is well known as the first-generation venture entrepreneur in Korea; In-ho Lee, former Korean ambassador to Russia; Myung-ja Kim, former minister of environment; and former KAIST President Chang-sun Hong who was a National Assemblyman. Their appointment is designed to guarantee transparency and fairness in a new undergraduate admission system. KAIST has decided to select. 150 freshmen from among 1,000 students recommended by the principals of as many general high schools across the country. The five special admission officers will participate in interviewing the recommended students. The new screening system which is introduced to broaden the field of applicants to graduates from schools other than science high schools will be implemented from the next school year. The newly appointed admission officers will have orientation sessions on May 28-29 and then visit high schools nationwide to interview the recommended students in June and July. KAIST set off a new trend in the admission process when President Nam-Pyo Suh announced in March that 150 students, or about 16 percent of the freshmen enrollment, would be recruited from regular high schools solely on the basis of their principals" recommendation and interview results in March. Award-winning records at math or science competitions will not be put into account in admissions to prevent after-school tutoring aimed at winning such contests. Unveiling the new admission plan, President Suh said, "We expect the principals to recommend students with special talents or potential rather than high grades." Established under a special law in 1971, KAIST is given full liberty to recruit freshmen students in whatever method it deems right, without being required to use the scholastic ability test scores of applicants as the basic criteria. The socially respected admission officers will single out 300 from among the 1,000 recommended students for further review. Out of the 300, the final 150 students will be chosen through in-depth interviews by KAIST professors. "Through years of receiving principal"s recommendations and judging the academic records of the recommended students at KAIST, we can accumulate a database on high schools nationwide. If a student from a certain high school turns out to be no good, we might not pick any more student from that school," Suh said. Over 80 percent of students admitted to KAIST this year were graduates of elite institutions, mostly science high schools. Only 20 percent came from regular high schools. Ten percent of the 150 additional openings for regular high school graduates will be alloted to students from rural areas and another 10 percent to low-income households. "A certain high school was not able to send even a single student to KAIST for the last 10 years. I"m sure there are talented students in that school. If we give the school a chance, it wil help improve the education environment in this country," Suh said.
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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