KAIST receives $20 million donation for futures studies

A retired businessman, Moon-Soul Chung, the former chief executive officer of Mirae, Inc., a semiconductor equipment company in Korea, today donated USD 20 million to the Graduate School of Future Strategy at KAIST.

It was Chung's second contribution to KAIST—his first donation of USD 28 million in 2001 supported the construction of the Bio and Brain Engineering building, a major research center on campus where biotechnology and information technology converge.

Established in 2013, the KAIST Graduate School of Future Strategy consists of three interdisciplinary graduate programs on future strategy, intellectual property, and science journalism. The Research Center for Future Strategy is an affiliate of the graduate school. KAIST is the first Korean university that offers an academic program granting a degree in futures studies.

The rapid advancement in science and technology today affects, profoundly and extensively, all corners of global society from education, politics, economy, and environment to resources, sustainability, and inequality. As we live in a highly interconnected, digitalized, and unpredictable world, analyzing the events, trends, patterns, and changes of the past and present, developing foresight, and mapping preferred futures have become more relevant than ever.

KAIST utilizes its strong tech-knowledge base in science and engineering to offer students a high quality education and training in futures thinking, skills, and methodologies to develop foresight and to plan future strategies for international relations, business and industry, national defense, science and technology, and new media. KAIST also anticipates helping government, business, public service, and non-profit organizations identify important issues and develop long-range implementation strategies to prepare for probable and preferred futures.

Provided by The Korea Advanced Institute of Science and Technology (KAIST)