Korea Advanced Institute of Science and Technology (KAIST)
Embracing the future
Nature 550 (19 October 2017)
Published online 18 October 2017
Published online 18 October 2017
ASIA PACIFIC’S MOST INNOVATIVE UNIVERSITY
builds on success to claim its stake as a global player in science’s new
era of discovery.
What makes a university not just future-proof, but a champion of
change? For South Korea’s KAIST (Korea Advanced Institute of Science and
Technology), the keys are innovation, collaboration, and speed. With
this in mind, the university is now approaching its 50th anniversary and leveraging its string of recent high-profile successes to fight for its place at the forefront of academia.
Sung-Chul Shin
President, KAIST
President, KAIST
South Korea’s faith was not misplaced. Since its humble beginnings, KAIST has been making waves of increasing amplitude, with no less than 58,000 graduates passing through the university’s doors, including 11,700 PhDs. “KAIST now serves as a critical pipeline for the top echelon of South Korea’s research personnel,” says Shin, highlighting that graduates currently hold chairperson-level offices at Samsung and LG. Approximately one in five KAIST PhDs now hold leadership roles in South Korean industry and academia, with a further one in five serving as the CEOs of start-up ventures. “Since the formation of KAIST, the government has funded the university with approximately 2.9 trillion South Korean Won (KRW) [US$2.5 billion],” says Shin. “However, start-up ventures from KAIST graduates have generated average annual sales of 13.6 trillion KRW. In terms of ‘return on investment,’ that’s quite successful.”
Wanting to be one of the world’s best universities has its challenges, but, a challenge is something we like
What set them apart? “I’ve asked myself this, many times,” says Oh. “In one word? Teamwork. Alongside that, we combined 20 years of experience with the confidence we could make it, and we practiced — hard.” With Rainbow Robotics, KAIST has shown its capacity to innovate and spin off successful ventures. Oh says that, following a valuation at US$70 million, the firm expects to list on the Korean version of NASDAQ as early as next year.
Racking up headlines and accolades, KAIST is also flying up a varied list of league tables: in 2014 KAIST claimed third place in the Times Higher Education’s “100 Under 50” ranking of the world’s best universities less than half a century old. In June 2017, Reuters named it “Asia Pacific’s Most Innovative University” for the second year running.
And this is where KAIST’s recipe — innovation, collaboration, speed — comes into play. “I envision KAIST creating top-level knowledge that the whole world will use,” says Shin. “This knowledge should carry the unsurpassable technological and economic value that will have a formative impact on humanity.
“For this mission, I think the three driving forces of innovation, collaboration, and speed will work to build our competitive edge.”
Moving forwards, KAIST hopes to secure more funding and let their hard work draw in top talent from the world’s pool of scientists. “We want to increase the number of faculty members, and grow the university in size,” says Lee. “With an expanded campus, we can compete more readily with universities such as MIT and Harvard.”
President Shin sums up the KAIST attitude rather succinctly: “Wanting to be one of the world’s best universities has its challenges, but, a challenge is something we like.”
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