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Concept
KAIST
Summary
The Korea Advanced Institute of Science and Technology (KAIST) is a national research university located in Daedeok Innopolis, Daejeon, South Korea. KAIST was established by the Korean government in 1971 as the nation's first public, research-oriented science and engineering institution. KAIST is considered to be one of the most prestigious universities in the nation. KAIST has been internationally accredited in business education, and hosting the Secretariat of the Association of Asia-Pacific Business Schools (AAPBS). KAIST has 10,504 full-time students and 1,342 faculty researchers (as of Fall 2019 Semester) and had a total budget of US459 million was from research contracts.
In 2007, KAIST partnered with international institutions and adopted dual degree programs for its students. Its partner institutions include the Technical University of Denmark, Carnegie Mellon University, the Georgia Institute of Technology, the Technical University of Berlin, and the Technical University of Munich.
The institute was founded in 1971 as the Korea Advanced Institute of Science (KAIS) by a loan of US38 million 2019) from the United States Agency for International Development (USAID) and supported by President Park Chung-Hee. The institute's academic scheme was mainly designed by Frederick E. Terman, then vice president of Stanford University, and Chung Geum-mo, a professor at the Polytechnic Institution of Brooklyn. The institute's two main functions were to train advanced scientists and engineers and develop a structure of graduate education in the country. Research studies had begun by 1973 and undergraduates studied for bachelor's degrees by 1984.
In 1981 the government merged the Korean Advanced Institute of Science and the Korean Institute of Science and Technology (KIST) to form the Korea Advanced Institute of Science and Technology, or KAIST, under the leadership of physics professor Choochon Lee. Due to differing research philosophies, KIST and KAIST split in 1989.
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