Dongwon Chairman Donates ₩50 Billion to Fund AI Graduate School
_and_Dongwon_Group_Honorary_Chairman_and_Founder_Jae-chul_Kim_(right)_at_the_Donation_Ceremony.jpg "KAIST President Sung-Chul Shin (left) and Dongwon Group Honorary Chairman and Founder Jae-chul Kim (right) at the Donation Ceremony.")
Dongwon Group Honorary Chairman and Founder Jae-chul Kim donated his private property worth ₩50 billion (US $46 million) to KAIST on December 16. Honorary Chairman Kim’s gift will fund the KAIST Graduate School of AI (GSAI), which was established last year. The KAIST GSAI will be re-named the ‘Kim Jae-chul Graduate School of AI’ to honor Honorary Chairman Kim.
This is the third major donation that KAIST has received this year following KAIST Development Foundation Chairman Soo-Young Lee’s ₩67.6 billion in real estate in July and another ₩10 billion from a KAIST alumnus, Chairman Byeong-Gyu Chang of Krafton, in January.
KAIST President Sung-Chul Shin expressed his deep respect, acclaiming the noblesse oblige held by Honorary Chairman Kim to further develop Korea’s science and technology and make Korea into a leader in AI innovation.
“We will always keep KAIST’s role and mission close to our hearts and do our best to make KAIST into a global hub for talent cultivation and R&D in AI, based on Honorary Chairman Kim’s donation,” said President Shin.
With Honorary Chairman Kim’s donation, the KAIST GSAI will first expand its faculty in both quantity and quality. By expanding the number of full-time, highly qualified professors to 40 by 2030, the School will train the most talented personnel in fusion and convergence AI.
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