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.