business
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Seven Graduates of KAIST S+ Convergence AMP Publish a Book, "The First Penguin"
Seven graduates of KAIST’s S+ Convergence Advanced Management Program (KAMP) have published a book containing their business success stories, The First Penguin, hoping that in telling their story, they will inspire readers who want to become entrepreneurs. The book is available only in Korean.
The title of the book refers to a penguin that enters the water first when other penguins hesitate to dive into the ocean, symbolizing the need to make the first move. The book reflects the experiences of the seven authors, for example, how they marched forward with a conviction to an unknown field and succeeded in creating startups.
The authors are Sung-Jin Kim, the CEO of i-KAIST; Hyung-Jin Kim, the Chairman and Co-Chief Executive Officer of Sejong Telecom Inc.; Beom-Gu Seo, the CEO of EM Life Science Research Institute; Mi-Sung Seog, the CEO of Luckstone; Jang-won Lee, the CEO of Bluebird Soft; Chung Hee Lee, the CEO of ETRO; and Mi-Oak Jang, the CEO of I Top Asset.
The recurring message in the book is “Have strong convictions. Do not give up. Then, you can do it.” The authors hope to give strength and courage to readers in an era of uncertainty and to support those who take challenges to realize their dreams.
KAMP will continue to publish their graduates’ stories in an essay format from this year onwards. The program aims to train students to become multidisciplinary future leaders who are able to transcend the borders among business, management, science and technology, and information communications.
2015.05.26 View 7715 -
KVIP Opened in Pangyo
KAIST has opened the KAIST Venture Innovation Program (KVIP) in its Center for Industry Outreach, designed for executive and high-ranking officers of venture companies. Located in Pangyo Techno Valley, KAIST’s Center for Industry Outreach was established in collaboration with the government of Gyeonggi Province to support venture companies in Pangyo for business management training, venture networking, and university-industry cooperation.
The program will be held every Monday for 12 weeks from April 13 to July 6 in KAIST’s Center for Industry Outreach. This executive education program mainly focuses on solving problems that arise when a medium-sized venture company is in the course of growing into a global corporation. The program is divided into four courses which will cover business management, competition in the global market, transformation of a company, and technological innovation.
Professors from various departments at KAIST will give lectures on their fields. Professor Jaeseung Jeong from the Bio and Brain Engineering Department, Professor Hoi-Jun Yoo from the Electrical Engineering Department, Professor Sangmin Bae from the Industrial Design Department, and Professor Kwangjae Sung from the Business and Technology Management Department will each deliver lectures on brain engineering, semiconductor, design, and restructuring.
Industry experts are also invited to give talks, including Dr. Dae-Gyu Byun, the Chief Executive Officer and President of HUMAX Electronics, Dr. Gwang-Cheol Choi, the Chief Executive Officer of SK Engineering & Construction, Mr. Il-young Kim, the former Chief Executive Officer of KT, Dr. Jae-hoon Jeong, the President of the Korea Institute for the Advancement of Technology (KIAT), Dr. Intak Bae, the Chief Executive Officer of Summit Partners, and Mr. Kyung-taek Kwak, a film director.
The department has started recruiting first round applicants for the program, targeting executive and high-ranking officers of middle-sized venture companies. The details of the program can be found on its website, kvip.kaist.ac.kr.
2015.03.23 View 9494 -
Opening of "Education Donation Center" for Knowledge Sharing
KAIST is a leader in knowledge-sharing services for the educationally underprivileged. KAIST held the opening ceremony of the Education Donation Center at its Munji Campus on July 4, 2014 and was appointed as a “2014 Chungcheong-Gangwon province model local education donation center” sponsored by the Education Ministry of Korea and Korea Foundation for the Advancement of Science and Creativity.
The Education Donation Center (EDC) will integrate programs run by the Chungcheong-Gangwon province education donation organizations and introduce them to local chapter organizations. The EDC will recommend new donation organizations to the organizations in need. To ensure efficient donation, the EDC will consult programs of donation organizations. The EDC will also suggest regionally suitable education donation programs. KAIST will provide three staff members, six graduate students, and one to manage the career counselor to the center.
Joo-Sung Lee of the Business & Technology Management Department is the professor in charge of the EDC. He explained, “The center is the medium between the newly participating education donation organizations and the demand organizations. I will invest every effort to provide high-quality educational benefits to educationally underprivileged people."
KAIST has also been running an education service group called ‘Midam Scholarship’, an online education donation group called ‘Chalk’, and science camp programs for youth to establish the sharing and collaboration culture of KAIST.
2014.07.10 View 8099 -
JEROS, a jellyfish exterminating robot, appears in a US business and technology news
Business Insider, a US business and technology news website launched in 2006 and based in New York City, published a story about JEROS, a robot that disposes of ever-increasing jellyfish in the ocean.
JEROS was the brainchild of Professor Hyun Myung at the Department of Civil and Environmental Engineering, KAIST. It can shred almost one tons worth of jellyfish per hour.
For the story, please visit the following link:
Business Insider, June 24, 2014
“These Jellyfish-Killing Robots Could Save the Fishing Industry Billions Per Year”
http://www.businessinsider.com/jellyfish-killing-robot-2014-6
JEROS in action
2014.06.26 View 8353 -
Press release from the Association to Advance Collegiate Schools of Business (AACSB International): Eighty-five business schools extend their AACSB accreditation in business or accounting
The Association to Advance Collegiate Schools of Business (AACSB International) released a news announcement on April 1, 2014, saying that 85 business schools around the world extended their AACSB accreditation in business or accounting. KAIST is one of the 85 schools which is renewing its business accreditation for another five years.
Founded in 1916, AACSB International is a global accrediting organization for business schools that offer undergraduate, master’s, and doctorate degrees in business and accounting. The release said, “AACSB Accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world’s business schools. Today, there are 694 business schools in 45 countries and territories that have earned the accreditation.”
For the entirety of the release, please go to:
http://www.aacsb.edu/en/newsroom/2014/4/eighty-five-b-schools-extend-accreditation/
2014.04.02 View 6151 -
Prime Minister's Prize for KAIST TBIC at 2013 Korean Venture & Business Expo
The KAIST Technology Business Incubation Center (TBIC) received the Prime Minister’s Prize at the 2013 Korean Venture & Business Expo. TBIC started its service in 1994 and was selected as the best center by the Asia Association of Business Incubation (AABI) in 2007.
The center has contributed to business incubation for competitive enterprises through consulting, venture capital, educational curriculums, and infrastructure service. It has also encouraged and activated business startups by KAIST students through educational programs and supporting services such as hidden champion buildup, mentoring & networking, startup auditions, and special lecture sessions for entrepreneurship.
TBIC has supported 488 businesses since 1994, and 278 companies (57%) are still in business. Eleven companies have been listed on the Korea Stock Exchange through the support of TBIC and eight of them are still on the list as of today. Those companies have been contributing to the national economy with total sales of 1.9 trillion won and in job creation by hiring 5,908 employees.
2013.12.11 View 7298 -
Venture Incubation Program: "Startup KAIST"
Making KAIST’s research accomplishments accessible outside the university to benefit Korea and beyond, as well as spurring the process of knowledge and technology transfer between academia and industry
KAIST launched a new business incubation program, called “Startup KAIST,” to support the growth of venture companies in late November 2013.
The program fosters a spirit of innovation and entrepreneurship on campus while advancing the development and commercialization of new discoveries and technologies made at the labs of the university.
Startup KAIST promotes entrepreneurship culture among faculty, students, researchers, and alumni; supports the full cycle of a startup ecosystem from the introduction, growth, maturity, and liquidation of new companies; encourages the development of globally sustainable startups; and collaborates with the Daedeok Innopolis, the largest science and technology research, development and business complex in Korea that is located adjacent to KAIST in Daejeon, to expand the startup program to the nation and the global community.
Under the program, the Startup KAIST Studio will be established. The entire third floor of the Education Support Building on campus is dedicated to startup activities where aspiring entrepreneurs come to network, develop new ideas and innovations, and share information and knowledge.
With a total of 24,000 square feet space, the Studio has neither partitions nor cubicles, thereby promoting open communication. It has seminar rooms, a high-tech-equipped conference room, an exhibition hall, offices, and cafés. The Startup Studio will be available for use from March 2014.
In addition to administrative services, Startup KAIST will offer a variety of courses, forums, and conferences on such subjects as entrepreneurship, technology management, intellectual property, and venture capital, along with training and mentoring programs on how to organize a company, secure funding, and pursue entrepreneurial visions.
Seeking active collaborations with alumni, industry, and other science and technology universities through Startup KAIST, the university will redouble its endeavor to form early-stage venture companies. Seasoned professional coordinators or volunteering entrepreneurs will stay at the Startup KAIST Studio to provide timely support for members of the KAIST community.
President Steve Kang said, “Startup KAIST is a one-stop service to create a new, strong company, small and medium size in particular, around innovations and disruptive technologies developed at KAIST and its adjacent research complex, Daedeok Innopolis.”“One of the important roles assigned to a research university today is to become a catalyst for knowledge and technology transfer among society, industry, and academia, upon which the advancement of humanity can build. KAIST will become a sounding board for engineers and scientists aspiring to launch a venture company to address their questions and concerns and to guide them through the startup process,” President Kang explained the need for implementing the Startup KAIST program.
Inside of the Startup KAIST Studio
2013.12.04 View 8390 -
Exhibition of Investment Demonstration on EEWS Research Held
- Five winners of business-planning project exhibition hold exhibition towards thirteen Angel Investors.
Venture capital firm and industry investors are investing for themselves on the Green Growth Project of KAIST, which strives for solutions of global issues, such as; energy depletion, environment pollution and sustainable development.
KAIST awarded the winner of "EEWS business-planning exhibition competition" and held investment demonstration exhibition. The exhibition is opened by the winners of the competition and held towards the firms and inventors encouraging capital on green business project and green technologies.
The venture capital firms that participated in this exhibition were; Coolidge Corner Investment, Dae-Duk Investment Corp, KPM, Locus Capital Partners and Bo-Gwang Investment.
The industry investors that participated were: Samsung C&T Corp, Cheil Industry, Dasan Networks, Hanhwa L&C, thirteen companies in total.
The goal of EEWS Exhibition is to encourage the commercialization of research and development. It was co-hosted by DFJ Athena LLC and Ilshin ventures. The competition was divided into business planning section and business technology section.
Grand prize on green growth went to Professor Joong-Myeon Bae who suggested "Eco-friendly hydrogen fuel cells", runner-up prize went to "Real-time measuring of NOx on Eco-friendly diesels" by Jin-Su Park, the technology director of CIOS.
Grand prize of green technology went to "Highly-refractive, heat resisting hybrimer LED sack’ by Byung-Su Bae, professor of new material engineering, participation award went to ‘ITO-Free touch screen for smart phone’ by Min-yang Yang, professor of the department of Mechanical Engineering.
A representative of KAIST said those of the firms and investors who have gone through commercialization showed interest on the creativity and the high level of the product.
Jae-Kyu Lee, the head of EEWS who supervised the whole exhibition mentioned that, "EEWS Planning Group is consistently going to come up with innovative results” and that “Angel Investors showed enthusiasm. The representatives of Venture capital firm even considered participating as the jury of the competition in the future.”
[Definition]
EEWS stands for Energy depletion, Environment pollution, Water shortages and Sustainability, a project for the solution of such global issues promoted by KAIST.
2012.03.06 View 9411
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Golfzon, makes donation of "Faculty Club" to KAIST for interactions
Golfzon donates "Faculty Club" for increased interaction and communication among professors.
The Opening Ceremony was held with about a hundred executives including President Nam-Pyo Seo and Young-Chan Kim of Chairman of Golfzon Corp in attendance.
The "Faculty Club" will increase the opportunity for communication amongst professors, thereby creating intellectuals values with interaction.
Expanding from the existing banquet hall, Faculty Club is a multi-purpose meeting space including; large scale banquet hall, meeting room, resting room and screen golf club.
Young-Chan Kim, president of Golfzon Corp. said "We are putting to practice our management philosophy, "Sharing and caring"." And commented that "we hope the faculty club to be a place where the members of KAIST actively communicate and exchange ideas.”
President Seo commented, "We really appreciate for the special love and care towards KAIST which would create the opportunity for communication and harmony.” And that “it will be a precious place for it will foster the creation of ideas.”
Meanwhile, Golfzon is the number one screen golf business went public on KOSDAQ, May 2011, it first move in KAIST Business Incubator in Novemeber 2000 and was grown as a star venture business through KAIST’s diverse supports and phased introduction to the market.
2012.03.06 View 9268
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KAIST to Support R&D Plans of Mid-Small Sized Enterprises
KAIST signed a MOU for the ‘Support for R&D Plans for Mid-Small Sized Firms’ with the Small and Medium Business Conference and Korea South-East Power Co. Ltd.
KAIST and Korea South-East Power Co. Ltd. will now be improving their cooperation on supporting R&D plans to help the technology development and commercialization for Small and Medium Businesses.
Korea South-East Power Co. Ltd. will now select 20 best qualified firms out of its 300 cooperating firms and suggest them as candidates to KAIST Business membership System.
The suggested firms will be given: ▲Strategy R&D Planning ▲Consult Difficult Technology ▲Provide Information on Research Labs and Researchers among other various programs.
The firms participating in the KAIST Business membership System will be able to minimize risk and increase its possibility for success on Development Technology.
KAIST Business membership System is a program provided to firms for a membership fee, in order to create technological innovation and strengthen cooperation between university and industry.
2012.01.31 View 8418
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Bio Pharmaceutical Business Center: Now Open
The Signboard Hanging Ceremony for the Bio Pharmaceutical Business Center for the Integrated Research for the field of Bio Pharmaceutics. 150 representatives from various bio pharmaceutics related businesses and institutes were present for this ceremony.
The Ministry of Education, Science and Technology placed the Molecular Process research team, Personalized Drug Delivery Medium research team, and the newly formed Cancer Cell Detection using Blood research team at the Bio Pharmaceutical Business Center at KAIST.
2012.01.31 View 8009
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KAIST's efforts begin to become the first Korean university establishing a "strategic technology management system."
KAIST completed the signing of business agreement with the Korea Strategic Trade Institute to establish a strategic technology management system on the 22nd of September.
The agreement between KAIST and Korea Strategic Trade Institute (under the Ministry of Knowledge Economy) encompasses 1) the establishment of processes for strategic technology management on campus, 2) development and accommodation of management system on par with major countries, and 3) protection and management through continued education and promotion.
Strategic technology management is necessary to prevent the illegal distribution of technologies developed in Korea to those countries and organizations of concern. The need for the management system arose due to the fact that technology transfer has become venerable to illegal export of strategic technologies.
The agreement between the two parties offer protection to KAIST when exporting strategic technologies as it necessitates the permission of the government prior to the technology transfer.
2011.09.27 View 7749