Donation
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KAIST Receives $57 Million Donation to Enhance Research
The largest amount since the opening of KAIST will fund ‘Singularity Professors’
KAIST Development Foundation Chairman Soo-Young Lee made a gift of real estate estimated at approximately $57 million on July 23. This is the largest donation KAIST has received since it was founded in 1971.
The fund will establish the “Soo-Young Lee Science Education Foundation” and the proceeds of the foundation will go to the “Singularity Professors” as necessary resources to help make discoveries and design new approaches to accelerate breakthroughs.
“KAIST should be the institute that will produce first Korean Nobel laureate in the field of science. I hope this fund will be utilized to enable Korea to stand out in this challenging time by accomplishing breakthroughs nobody has never imagined,” said Chairman Lee during the donation ceremony at KAIST’s campus in Daejeon.
This is Chairman Lee’s third donation following the $6.7 million donation in 2012 and the $830,000 donation in 2016. Chairman Lee began her career as a journalist in 1963. In 1981, she started her own business by launching Kwangwon Ranch and became a successful businesswoman. In 1988, Chairman Lee established the real estate company Kwangwon Industries. After receiving an honorary doctorate from KAIST in 2012, she has served as the chairman of the KAIST Development Foundation from 2013. Chairman Lee expressed her intention to make another donation to KAIST in the near future during the news conference.
“People matter most for advancing the world. KAIST has a very distinct mission to foster the brightest minds and will drive the nation to move forward. I have worked with KAIST for quite long time so that I have a strong belief that KAIST is the one that will not only make contributions to Korea but also to all humanity,” she explained.
“For example, about one-fourth of the R&D manpower at Samsung Electronics is from KAIST. In 2019, Samsung Electronics recorded a revenue of approximately $206 billion which accounted for about 16% of national GDP. KAIST is the one that fosters global talents who are working at global company such as Samsung and many others.”
KAIST President Sung-Chul Shin also expressed his deep respect for Chairman Lee’s decision, saying that the entire KAIST community will make every effort to keep up Chairman Lee’s noble idea encouraging KAIST to push forward and help realize KAIST’s role and mission.
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2020.07.23 View 7466 -
“A drop of water shall be returned with a rushing river.”
- Chinese KAISTians Donate Supplies to Fight COVID-19 in Daegu -
The Chinese community at KAIST donated 2.49 million won worth of personal protective equipment on March 4 to support on-site medical personnel in the city of Daegu. South Korea has been witnessing a significant surge in novel COVID-19 transmissions, and Daegu and nearby North Gyeongsang Province are the most affected regions.
As the COVID-19 situation grows more serious globally day by day, a Chinese master’s student from the KAIST Department of Civil and Environmental Engineering, Yuewen Jia, suggested a fundraising campaign on the KAIST Chinese Community’s WeChat messenger chat room, and her idea was enthusiastically supported by many peer-members. The KAIST Chinese Community is comprised of 105 undergraduates, graduates, post-doctoral fellows, researchers, and professors.
With Jia’s post-doc colleague Pei Li volunteering to manage the fundraising process, a total of 2.49 million won was collected in 12 days between January 27 and February 7.
The donors, including Qin Xu, a PhD candidate in the School of Electrical Engineering, reportedly asked for their donations to be used to support on-site medical personnel affected by the outbreak. They believed that medical supplies are the most essential in times like these. The group purchased personal protective equipment online and waited for more than 20 days until the items were finally delivered to them. The goods include 1,280 protective caps, 57 protective suits, 15 protective glasses, and two protective face shields.
Given the surging spread of the COVID-19 disease in Korea, where the confirmed cases have increased multi-fold since mid-February, the KAIST Chinese Community decided that their items should be used immediately in Korea, instead of being sent back to their home country as they had planned.
Guoyuan An, a student representative of the community studying for his master’s degree in the School of Computing, said, “Earlier, some members of the KAIST Chinese Community who had visited China were self-quarantined for two weeks in a special facility designated by KAIST as a precautionary measure. Thanks to the outstanding care we received from offices at KAIST including the COVID-19 Task Force Team, the International Office, the Student Offices, and the Clinic, those who were quarantined could return to campus safe and healthy.”
He continued, “KAIST and the Koreans as a whole spared no effort in helping China and Chinese people living in Korea fight the COVID-19 outbreak in its early days, and all of the members of the KAIST Chinese Community felt deeply grateful for all the attention and aid. This has been a definitive reason for us to change the donate recipient from China to Korea.”
“As an old Chinese saying goes, ‘A drop of water shall be returned with a rushing river.’ This proverb means that even if you receive a little help from others, you should return the favor with all you can when others are in need. We decided to make a donation ourselves in hopes that our small contribution could help on-site medical personnel work for the health and wellbeing of Koreans who are affected in that area.” he explained.
The donated items were delivered to the Division of Disaster Preparedness and Emergency Management at the Daegu Metropolitan Government Office, with help from the on-campus medical center KAIST Clinic Pappalardo Center and the KAIST International Scholar and Student Services (ISSS) Team.
Dr. Yun-Jung Lee, the executive director of the KAIST Clinic Pappalardo Center, expressed “a huge thank you to the KAIST Chinese Community for pitching in to help battle this national and global crisis.”
She added, “Their donations have been passed to those in desperate need, and their warm-hearted act of kindness will go a long way.”
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2020.03.05 View 8351 -
KAIST Wins the Korea Donation for Education Awards 2015
KAIST received the grand prize for the university section at the Korea Donation for Education Awards 2015. The award ceremony took place at Seoul Plaza Hotel on December 15, 2015.
The Ministry of Education created the award in 2012 to raise awareness about the need for charitable donations for education and to encourage the public’s participation in such endeavors. Recipients have included private companies, public institutions, non-profit organizations, universities, and individuals who have made notable contributions to education, for example, by offering educational programs or fundraising for such programs throughout a year.
Many organizations within KAIST, including the KAIST Center of Donation for Education, the Midam Scholarship Committee, the Donation for Software Education Group, the Chalk Academy, KAIST Student Volunteers, and K-LET, have been collectively recognized for their efforts to develop educational materials and managing academic camps and programs.
In addition to the grand prize which KAIST won, the Ministry of Education gave Neung-In Jang, a student pursuing a social entrepreneurship MBA at KAIST, an award for his efforts to provide quality education to teenagers by establishing the Midam Scholarship Committee in 2009. The Scholarship aims to revitalize the culture of donation for education by offering free math and science classes to high school students who are less privileged and by inspiring other universities in Korea to follow suit the committee’s volunteering activities.
2015.12.22 View 8303 -
KAIST College of Business Held "Creativity Fusion Camp" for Multicultural Family Students
Students from the College of Business, KAIST, held the Creativity Fusion Camp for 77 multicultural students from May 31 to June 1 at the KAIST campus in Daejeon.
The camp was funded through an education donation program which was created to support multicultural students who are interested in science. $20,000 was raised by 100 participants in a fund-raising marathon including students in the KAIST Business School.
The camp was only for multicultural students, and their participation was free of charge. Nationally, 100 applicants were evaluated over 10 days beginning May 14, and 30 elementary school students and 47 junior high school students were selected.
The camp centered around creating mini games with rare programming languages. Drawing sounds, exploring computational thinking, making animations, and designing mini games were the other programs students took part in.
Sung-Hyun Cha, the student council leader of the College of Business, said, “We have been pondering over how to truly benefit people who are economically and socially underprivileged in our society, apart from simply giving financial donations. I hope this camp will be an important chance for multicultural students to enjoy science.”
Jae-Hyun Ahn, Vice-Dean of the College of Business, said, “Many of the activities of the College of Business have mostly focused on learning, but now we have to turn our attention into serving others as well. This is the new education model that KAIST has been endeavoring to build.”
The KAIST College of Business has made contributions and donations to help people in need by partnering with the Habitat for Humanity and Babper Service and undertaking charity bazaars and auctions.
[Picture Caption]Participants of the KAIST Run Creativity Fusion Camp smiling on May 31 at the Creative Learning Building
2014.06.09 View 7611 -
An Education Donation Club at KAIST Received the Education Minister's Award in 2013
Chalk, one of the student clubs at KAIST, shares knowledge by providing free online classes to teenage students in Korea via Internet.
Chalk, a KAIST student club which donates their educational knowledge, received an award from the Education Minister of the Republic of Korea at the 2nd Donation for Education Award held on December 16th, 2013 at the Plaza Hotel in Seoul.
The Donation for Eduation Award aims to find and reward corporations, organizations, and individuals, which have actively contributed to growing the dreams and talents of students, as well as revitalizing the culture of donation for education. It has been awarded by the Ministry of Education since 2012 to promote the awareness and participation of students for education.
Chalk provides free online video lectures on www.playchalk.com and runs a mentoring-based education program. The club has been recognized for offering online courses, math and science classes in particular, to teenage students who are from socially and economically less privileged backgrounds.
Chalk was founded by five KAIST students in 2011. Their ultimate goal is to create a society where students can fully enjoy the benefits of education, regardless of their economic conditions. About 60 undergraduate students currently participate in the club, with more than 5,000 students attending over 160 lectures without any cost.
2014.01.07 View 8894 -
Midam Scholarship Society Receives Minister of Education, Science, and Technology Prize for Education Donation
Midam Scholarship Society, consisting of KAIST students, has been awarded the First Korea Education Donation Grand Prize from the Ministry of Education, Science and Technology.
The Education Donation Prize has been created in order to encourage those university clubs that have been increasing awareness of education donation and at the same time donating educational services themselves.
Midam Scholarship Society was established by KAIST students in 2009 to provide educational services to those students from low income families. Currently over 200 students from six different universities (KAIST, UNIST, Pusan University, Chonnam University, Kyungpook National University, Kumoh Engineering University) are involved in the Midam Scholarship Society.
Approximately 70 students participate in the KAIST Midam Scholarship Society. The classes take place in the classrooms every week for three hours over a period of three months. The classes are offered to over 1,000 high school students in and near DaeJeon.
2012.12.21 View 8721 -
Professor Sang-Min Bae appears on EBS Global Theme Travel.
"We want to present "hope" by designing schools and homes for the third-world countries, while considering the culture of the nation.”
Professor Bae and his team went to Ethiopia, Africa, for "Design for Social Donation and Design Research for isolated third-world nations".
Professor Bae commented that, "We have visited for preparatory investigation, experiencing and investigating the life and cultures of the third-world nations in order to design schools and homes."
He continued, "From this visit, we want to develop adequate technology catered for the locals and create a design guideline." He added "We also want to propose a new model using design and technology that contributes to social welfare".
Meanwhile, EBS team accompanied to cover the report and was broadcasted through "EBS Global Theme Travel.
2012.03.06 View 7867
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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.
2009.10.20 View 12811 -
Oriental Medical Scientist Lyu Awarded Honorary Doctorate Degree from KAIST
KAIST awarded an honorary doctorate degree to Keun-Chul Lyu, an Oriental medical scientist who donated property valued at 57.8 billion won (US$56 million) to KAIST at its 2009 commencement ceremony on Feb. 27.
Dr. Lyu who was born in Cheonan, South Chungcheong Province, in 1926 received the first-ever doctorate degree in Oriental medicine from Kyung Hee University in 1976. His researches and practices have had profound impact on Oriental medicine in Korea and elsewhere. He successfully administered acupuncture anesthesia for Caesarean section in 1972, for the first time outside China.
During the three years (1973-1975) he worked at the Kyung Hee University"s Apoplexy Center as superintendent, he developed a new cure incorporating the Oriental and Western medicines for patients seized with apoplexy. With a thesis based on the cure, he earned a Ph.D. in medical engineering from Moscow State Technical University Bauman in 1996.
His outstanding capabilities drew attention in the 1970s when he served as a professor of the Department of Acupuncture at Kyung Hee University and later as deputy director of the university"s Hospital of Oriental Medicine. His record of treating about 50,000 patients a year is still touted among the younger generation of Korean Oriental medicine practitioners.
Dr. Lyu"s unselfish spirit of public service has been well exhibited in that he actively engaged in rendering voluntary medical services in rural and medically disadvantaged areas. He also distinguished himself with his strong interest in donation for humanitarian causes. Among his many charitable activities, his donation of a multipurpose gymnasium and golf practice range to a primary school in his native town Cheonan made so many children happy and helped them develop great ambitions. In 2008, he donated property valued at 57.8 billion won (US$56 million) to KAIST, wishing to help broaden the academic horizon of students studying at Korea"s premier research university.
His donation to KAIST was the largest in amount in the history of private donations to universities in Korea.
2009.03.02 View 11435 -
3rd KAIST Junghoon Cho Academic Award Ceremony
3rd KAIST Junghoon Cho Academic Award Ceremony
3rd KAIST Junghoon Cho Academic Award CeremonyAcademic award to Sehoon Kim, scholarship to Yougdae Kim, Daehyun Kim, Sunchul Park
KAIST (President Nam Pyo Suh) had the 3rd KAIST Junghoon Cho Academic Award ceremony at the conference room in the main administration building, Friday, May 11, at 2 pm with President Suh and the bereaved family attended.
Sehoon Kim, a doctoral researcher at the Agency for Defense Development (ADD) and KAIST graduate, was named as the 3rd recipient of the Junghoon Cho Academic Award in recognition of his achievement that establishes the design method of supersonic vacuum device. The scholarship was granted to Yongdae Kim (doctoral student of Aerospace Engineering, KAIST), Daehyun Kim (master student of Mechanical Engineering, Korea University), and Suncheol Park (senior of the Attached High School to the College of Education at kongju National University). The prize money is 20 million won, and the scholarship amounts to 3 million and 2 million won for university and high school students, respectively.
“Junghoon Cho Academic Award” is a meaningful award established by the donation of compensation money and personal properties, amounting to about 470 billion won, by Donggil Cho, father of the late Ph.D. Junghoon Cho who died at the explosion accident at the Wind Tunnel Laboratory in 2002, ▲ Ph.D. Sehonn Kim
2007.05.14 View 13792 -
KAIST and Daeduk Hanbit Church Concludes Donation Agreement
KAIST and Daeduk Hanbit Church Concludes Donation Agreement
KAIST President Nam-Pyo Suh (left) and Daeduk Hanbit Church Minister Jongdae Eun exchange a written agreement.
KAIST and Daeduk Hanbit Church concluded an agreement of donation for the foundation of KAIST International Center. Daeduk Hanbit Church will donate 500 million won for the foundation of the center.
2006.12.11 View 12000