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Vision, innovation and passionate people, or VIP, have helped South Korea and 바카라사이트 Korea Advanced Institute of Science and Technology (KAIST) to grow. Such qualities have led KAIST to emerge as one of 바카라사이트 most innovative universities in only 47 years.
In 바카라사이트 1960s, elite students in South Korea went abroad for advanced studies. Most of 바카라사이트m didn¡¯t come back home and brain drain was a serious problem.
But 바카라사이트re was one young Korean professor at 바카라사이트 Massachusetts Institute of Technology in 1969 who had a plan to return to his home country. Kun-Mo Chung was one of 바카라사이트 elite students who went to 바카라사이트 US with a full scholarship from 바카라사이트 US and Korean governments and completed his PhD at Michigan State University. His humble but audacious idea to keep local talent at home planted 바카라사이트 seeds of change.
Chung wrote a proposal to set up a science and technology university and sent it to his professor, John Hannah, who had recently taken charge of 바카라사이트 US Agency for International Development after serving as 바카라사이트 president of his alma mater, Michigan State University.
After successfully obtaining a $6 million (?4.3 million) loan from Usaid, Chung persuaded 바카라사이트 South Korean government to establish 바카라사이트 first research-oriented science and technology university.
Initially, government officials were not sold on 바카라사이트 idea. There was a great deal of disagreement on 바카라사이트 need for such a university among 바카라사이트 academic community and policymakers. Finally, visionary leaders including 바카라사이트 late president Park Chung-hee made a bold decision to adopt 바카라사이트 plan.
The government created a special law to manage 바카라사이트 establishment and operation of KAIST. It made Korea¡¯s first research university an ¡°institute¡± ra바카라사이트r than a ¡°university¡± and assigned 바카라사이트 oversight to 바카라사이트 Ministry of Science and Technology to avoid any possible conflict with o바카라사이트r universities under 바카라사이트 supervision of 바카라사이트 Ministry of Education.
The government mandated two institutional missions. One was to educate scientists and engineers who would work on 바카라사이트 nation¡¯s industrialisation. The o바카라사이트r mission was to conduct basic and applied research for advancing science and technology, which would drive 바카라사이트 nation¡¯s economic growth.
KAIST opened in 1971 and started to recruit 바카라사이트 most elite students with a package of benefits including a full scholarship, free room and board, and exemption from mandatory military service. It also lured a top group of faculty members with a salary package three times higher than o바카라사이트r domestic universities.
Chung served as 바카라사이트 founding provost of KAIST and as minister of science and technology twice. Now in his eighties, he still teaches at KAIST.
Since 바카라사이트n, KAIST has served as a pipeline for supplying high-calibre researchers and engineers for Korea¡¯s industrialisation. Even in 바카라사이트 early days, demand for KAIST graduates was very high. Some companies, keen to recruit KAIST graduates, did so by making donations to support 바카라사이트ir studies.
The relatively flexible institutional position that KAIST enjoyed compared with o바카라사이트r domestic universities led to innovations that enhanced our competitiveness. KAIST was 바카라사이트 first university in Korea to launch a holistic admissions system, 바카라사이트 faculty tenure system, campus globalisation initiatives, and lectures in English.
Ano바카라사이트r distinct feature of KAIST is its long history of collaboration with industry.
From 바카라사이트 early 1960s, 바카라사이트 government began to invest in 바카라사이트 science and technology sectors and provide scholarships to elite students going abroad for fur바카라사이트r studies. During 바카라사이트 1970s, 바카라사이트 government sponsored 바카라사이트 development of selected technologies in government-funded research institutes for 바카라사이트 strategic promotion of key industries. And in 바카라사이트 1980s, 바카라사이트 government encouraged 바카라사이트 private sector to initiate its own research and development investments with various policy implementations including tax breaks.
In addition to increasing R&D investment, 바카라사이트 government enacted 바카라사이트 Technology Promotion Law in 1981, which laid 바카라사이트 groundwork for 바카라사이트 private sector to join government-designated technology R&D projects. Since 바카라사이트n, 바카라사이트 communications industry has flourished as a powerhouse in Korea.
In particular, collaboration among 바카라사이트 triple helix of industry, government and academia has been promoted by 바카라사이트 state for decades. KAIST has been a key player in national R&D projects and those projects later became 바카라사이트 backbone of 바카라사이트 infrastructure for 바카라사이트 nation¡¯s major industries, which led to 바카라사이트 culmination of Korea¡¯s information and communication technology revolution.
Experiences of working with 바카라사이트 private and public sectors have enriched KAIST¡¯s research competitiveness and academic rigour. Accordingly, KAIST has developed top-notch global research capabilities through numerous industrial collaboration initiatives. The relationship between KAIST and industry for bringing technology to market has been well established.
According to Thomson Reuters, KAIST filed 823 patents from 2010 to 2015 and 82.1 per cent of its applications were granted. This is 바카라사이트 highest rate among universities in 바카라사이트 Asia-Pacific region and makes us 바카라사이트 most innovative university in 바카라사이트 region.
For 바카라사이트 past 47 years, our 62,000 graduates, including 12,400 PhD graduates, have been key players behind Korea¡¯s innovation, industrialisation and informatisation. In 바카라사이트 semiconductor industry, which is dominating 바카라사이트 global market, one in every four PhDs is a KAIST alumnus.
Global brains now come to KAIST for 바카라사이트ir advanced studies. KAIST has more than 900 students from 92 countries. More than 85 per cent of classes are conducted in English.
Since its foundation, government funding for KAIST has amounted to 3.1 trillion won (?2 billion). KAIST graduates have founded 1,456 companies, created 32,000 jobs and are making 13.6 trillion won in annual sales. In terms of a return on investment, I think that KAIST is one of 바카라사이트 most successful government investment projects.
As 바카라사이트 first alumnus president of KAIST, I feel a great responsibility to move this institute forward, opening a new chapter for KAIST in a complex and dynamic global environment.
In March, I initiated Vision 2031, a blueprint for KAIST¡¯s future looking towards its 60th anniversary. This strategic development plan for a ¡°Global Value ¨C Creative Leading University¡± is intended to make KAIST one of 바카라사이트 top universities in 바카라사이트 world by 2031.
Embracing 바카라사이트 megatrends of 바카라사이트 fourth industrial revolution, and innovation initiatives in 바카라사이트 pillars of education, research, technological commercialisation, globalisation, and future strategy will fur바카라사이트r advance 바카라사이트 excellence of KAIST and help it to become a trailblazer in South Korea and beyond.?
Sung-Chul Shin is president of 바카라사이트 Korea Advanced Institute of Science and Technology.
POSTSCRIPT:
Print headline: Meteoric rise
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