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KAIST to Host FinTech Conference 2018
KAIST will be hosting a FinTech Conference with Princeton University (USA), Tsinghua University (China), and EDHEC Business School (France) in Seoul from April 12 to 13 titled State of the Art in Robo-Advising Systems: Financial Technologies for Enhanced Social Security.
The Bendhein Center for Finance and Department of Operations Research and Financial Engineering from Princeton University, Fintech Lab from Tsinghua University, and the Risk Institute from EDHEC will participate as co-hosting organizations in this conference organized by the Department of Industrial & Systems Engineering and the KAIST Center for Wealth Management Technologies.
The conference will discuss issues required for providing customized asset management to the public in terms of theory, technology, and industry.
During the conference, KAIST President Sung-Chul Shin and Chairman and CEO of the National Pension Service Sung Joo Kim will deliver welcoming addresses.
Professor John Mulvey from Princeton University, Professor Michael Dempster from Cambridge University, Professors Wei Xu and Changle Lin from Tsinghua University, Professor Lionel Martellini from EDHEC, and Professor Woo Chang Kim from KAIST are some of the invited speakers at the event.
Moreover, renowned experts in related fields will also participate in the conference, including Founder of Vanguard Group John Bogle, Jin Lee from Ant Financial, Youngsuh Cho from Shinhan Financial Group, Jung-Hwan Lee from Samsung Asset Management, and Hye Young Sung from the National Pension Service Research Institute.
Professor Kim said, “Only a small number of wealthy people can receive life-cycle customized asset management services due to the high cost structure; however, new technology derived from the Fourth Industrial Revolution can reduce the service price in an innovative manner, ultimately leading it to be popularized.”
“In an era with the poverty rate of older people reaching almost 50%.Fintech can enable individuals to manage their assets in an active manner, reinforcing social security without additional social costs in the period,” he added.
These four universities have been hosting the FinTech Conference since 2017. China will host the conference this fall, followed by France next year.
Samsung Asset Management, Alibaba Group, and Ant Financial will sponsor the conference. Anyone interested in this event can find more details at http://wmt.kaist.ac.kr/conference.html.
2018.04.02 View 8996 -
KAIST Welcomes Global Participants to AI World Cup 2018
KAIST will host the AI (Artificial Intelligence) World Cup 2018 in August, and this time it is open to the international community. AI World Cup 2018 will be a very exciting challenge for extending the limit of academic and industrial applications based on AI technology.
KAIST, after launching its AI World Cup 2017 for domestic participants, is now hosting the AI World Cup 2018 for everyone. The AI World Cup will be comprised of three events: 1) Five on five AI Soccer 2) AI Commentator and 3) AI Reporter. Winner of each category, runner-up of AI Soccer, and 2nd runner-up of AI Soccer will receive awards with cash prizes.
For AI Soccer in which AI controlled robots team up to compete, the preliminary rounds will be held in July in a league format, and the final rounds will be played on August 20-22.
For AI Commentator and AI Reporter, eight finalists will be selected for each category based on scoring criteria, and their performance will be evaluated by the judges to select the winner from each category on August 22.
During the final rounds, a variety of events will also take place at KAIST, including tutorial sessions on AI technology, a poster session where students present their research works on AI, not necessarily limited to the scope of AI Soccer, AI Commentator, and AI Reporter, and panel discussions by prominent experts in the field of AI.
Moreover, renowned experts on AI will deliver their keynote addresses. The Cyberbotics CEO Olivier Michel will address his keynote speech on the topic ‘Simulation benchmarks and competitions: a fundamental tool to foster robotics research.’
The AI World Cup was established by the College of Engineering at KAIST to show that AI technology can be further extended to sports, soccer in particular.
Professor Jong-Hwan Kim, the inventor of AI World Cup and chairman of the organizing committee said, “I hope that this event will offer a great chance to develop AI technology for use in the coming years. I wish many people can enjoy the AI World Cup 2018. I would recommend that prospective teams not worry about the technical barrier when deciding whether to participate in the games. Participants from academia and industry can test whether their code runs well in the competition simulator; this way, they will know their level of play and perhaps they can further develop their algorithms.”
“We will also broadcast the final round of AI Soccer online so that people in remote areas can also enjoy watching the games. I am looking forward to seeing all of you at the AI World Cup. Any participant with a passion to prove excellence in AI technology is welcomed with open arms,” he added.
Anyone interested in the AI World Cup 2018 can register online via aiworldcup.org . Registration starts from April 1. The deadline for registration and final code submission is June 30.
(Cubical players in the figure for domestic AI Soccer competition have been replaced with cylindrical players for more agile movements while playing)
(Opening ceremony of AI World Cup 2017)
(Trophy and prize)
(Interview of participant)
(Casters commentating on game playing)
2018.03.30 View 8948 -
Two Professors Receive the Asan Medical Award
(Professor Ho Min Kim and Chair Profesor Eunjoon Kim (from far right)
Chair Professor Eunjoon Kim of the Department of Biological Sciences and Professor Ho Min Kim from the Graduate School of Medical Science & Engineering won the 11th Asan Medical Award in the areas of basic medicine and young medical scholar on March 21.
The Asan Medical Award has been recognizing the most distinguished scholars in the areas of basic and clinical medicines annually since 2007.
Chair Professor Kim won the 300 million KRW award in recognition of his research in the mechanism of synaptic brain dysfunction and its relation with neural diseases.
The young medical scholar’s award recognizes a promising scholar under the age of 40. Professor Kim won the award for identifying the key protein structure and molecular mechanism controlling immunocytes and neurons. He earned a 50 million KRW prize.
2018.03.26 View 10138 -
KAIST-KU Sign MOU on 4th Industrial Technology Development
(President Shin(second from left) poses with Khalifa University President Tod Laursen after signing an MOU in the UAE on March 25. Far left is Chairman of the NST Kwangyun Wohn and far right is the UAE Minister of Educatiion Hussain Al Hammadi.)
KAIST President Sung-Chul Shin and Khalifa University Interim President Tod Laursen signed an MOU on the Fourth Industrial Technology Development on March 25 in the UAE.
They signed the MOU during the UAE-ROK Nuclear Friendship and KAIST Alumni Night at Khalifa University co-hosted by KAIST and the Korea Atomic Energy Research Institute (KAERI). The MOU will bring new opportunities to further expand bilateral cooperation in education and training in the relevant technologies called for the era of the Fourth Industrial Revolution.
More than 100 dignitaries including Chairman of National Research Council of Science and Technology (NST) in Korea Dr. Kwangyun Wohn, President of KAERI Jaejoo Ha, the UAE Minister of Education His Excellency Hussain Al Hammadi, Minister of State for Advanced Sciences Her Excellency Sarah bint Yousef Al Amiri, and His Excellency Federal Authority for Nuclear Regulation (FANR) Director General Christopher Viktorsson attended the event. In particular, a significant number of Emirati graduates of the KUSTAR-KAIST education program and many others who completed various KAIST training programs joined the event.
The Nuclear Friendship Night was celebrating the completion of the first nuclear power plant in Barakah exported by Korea. This is the first nuclear reactor in the Middle East, which is to start operation later this year. The event also coincided with Korean President Moon Jae-In’s state visit to the UAE.
KAIST and KAERI gathered distinguished leaders from the higher education and nuclear industries at the event in response to the UAE government’s top national agenda of fostering future talents and promoting the nuclear industry in order to ensure energy security.
KAIST and Khalifa University signed an initial agreement in education and research in 2009 when the governments of Korea and the UAE signed a contract to build four nuclear power plants in Barakah. Since then, the two universities have worked together closely in the areas of nuclear engineering, bio-medical engineering, robotics, mechanical engineering, chemical engineering, and materials science. With this signing on the new MOU, the partnership between the two institutions will mark the second phase of educating high-caliber human resources in science and technology of the two countries.
The KAIST Alumni Night also brought more opportunities to appreciate the achievements that the two countries have made through collaboration in education and research, mostly represented in the field of nuclear technology between KAIST and Khalifa University. During the event, KAIST graduates also shared their experiences from the education at KAIST, followed by the welcoming speeches from the UAE Minister of Education and the UAE Minister of State for Advanced Sciences.
KAIST President Shin, in his welcoming speech at the event, said, “I look forward to more students in the UAE having the opportunity to experience the world’s top-level education and global environment that KAIST offers. The collaboration with Khalifa University and the UAE is very important for building both countries’ future growth.”
KU President Laursen said, “This MOU on research cooperation focusing on technologies for the Fourth Industrial Revolution, nuclear engineering, and other technical areas will further consolidate our partnership with KAIST and support us in developing human capital suitable to take on future challenges in the science and technology sectors. We firmly believe the talent pool of experts created by this initiative will contribute to the overall economic growth of the UAE.”
2018.03.26 View 11048 -
Professor Emeritus Jung Ki Park Won the IBA Technology Award 2018
(Professor Emeritus Jung Ki Park)
Professor Emeritus Jung Ki Park from the Department of Chemical and Biomolecular Engineering received the IBA Technology Award from the International Battery Association (IBA).
IBA 2018 was held from March 11 to 16 on Jeju Island, which was the first time it was hosted in Korea. The conference was an excellent opportunity to let the world know the level of the Korean rechargeable battery industry and its technology.
Professor Park delivered his keynote speech titled Advances in Lithium Batteries in Korea at the conference and received the IBA Technology Award as the first Korean recipient.
Professor Park is a world-renowned scholar who was a groundbreaker in the rechargeable battery industry. He was recognized by the IBA Award Committee for his contributions carrying out research and development, fostering competent people, and enhancing the lithium rechargeable battery industry in Korea over the last 30 years.
Professor Park said, “It is my great honor to receive this award, which is the best international award in the field of rechargeable batteries. I would like to share this with my colleagues and students. As competition in the rechargeable industry intensifies, systemic cooperation among industries, academia, and government is needed for the continued development of the battery industry in Korea.
2018.03.19 View 8184 -
The 8th KINC Fusion Research Awardees
The KAIST Institute for NanoCentury held the 8th KINC Fusion Research Award in order to encourage professors’ convergence studies and instill students’ willingness to research. The award ceremony took place in the KI Building at KAIST on March 13.
The KINC Fusion Research Award selects the most outstanding convergence studies among research undertaken last year, and awards researchers who participated in that research.
The 8th KINC Fusion Research Award went to Professor Yoon Sung Nam from the Department of Materials Science and Engineering and Professor Inkyu Park from the Department of Mechanical Engineering. Their research reported the spontaneous self-biomineralization of palladium (Pd) ions on a filamentous virus to form ligand-free Pd nanowires without reducing reagents or using additional surface stabilizers (Title: Virus-Templated Self-Mineralization of Ligand-Free Colloidal Palladium Nanostructures for High Surface Activity and Stability, Advanced Functional Materials (2017)).
Professor Hee-Tae Jung, the Director of KAIST Institute for the NanoCentury and the host of the KINC Fusion Research Award said, “Convergence will be the crucial keyword that will lead to revolutionary change. Hence, the importance of convergence study should be improved. We will put every effort into creating a research environment for increasing convergence study.
The KAIST Institute for the NanoCentury was established in June 2006 under the KAIST Institute with a mission of creating convergence study by tearing down boarders among departments and carrying out interdisciplinary joint research. Currently, approximately 90 professors from 14 departments participate the institute. It aims to become a hub of university institutes for nano-fusion research.
2018.03.19 View 13648 -
Scientist of March, Professor Hee-Seung Lee
(Professor Hee-Seung Lee)
Professor Hee-Seung Lee from the Department of Chemistry at KAIST received the ‘Science and Technology Award of the Month’ awarded by the Ministry of ICT and Science, and the National Research Foundation of Korea for March 2018.
Professor Lee has been recognized for successfully producing peptide-based molecular machines, which used to be made of metals.
The methodology can be translated into magnetotactic behavior at the macroscopic scale, which is reminiscent of magnetosomes in magnetotactic bacteria.
The team employed foldectures, self-assembled molecular architectures of β-peptide foldamers, to develop the peptide-based molecular machines that uniformly align with respect to an applied static magnetic field.
Professor Lee said, “Molecular machines are widely used in the field of medical engineering or material science; however, there were limitations for developing the machines using magnetic fields. By developing peptide-based molecular machines, we were able to develop body-friendly molecular machines.”
Every month, the Ministry of ICT and Science and the National Research Foundation of Korea award a cash prize worth 10,000,000 KRW to a scientist who has contributed to science and technology with outstanding research and development performance.
2018.03.15 View 10291 -
Seong-Tae Kim Wins Robert-Wagner All-Conference Best Paper Award
(Ph.D. candidate Seong-Tae Kim)
Ph.D. candidate Seong-Tae Kim from the School of Electrical Engineering won the Robert Wagner All-Conference Best Student Paper Award during the 2018 International Society for Optics and Photonics (SPIE) Medical Imaging Conference, which was held in Houston last month.
Kim, supervised by Professor Yong Man Ro, received the award for his paper in the category of computer-aided diagnosis. His paper, titled “ICADx: Interpretable Computer-Aided Diagnosis of Breast Masses”, was selected as the best paper out of 900 submissions. The conference selects the best paper in nine different categories. His research provides new insights on diagnostic technology to detect breast cancer powered by deep learning.
2018.03.15 View 11731 -
The 22nd Humanistic Education Opens to Daejeon Citizens
The KAIST Research Center for Humanities and Social Sciences will open up the 22nd Humanistic Education for Citizens every week from March 21 to April 25.
People can apply for this program through its website (http://hss.kaist.ac.kr), starting from March 12. Anyone living in Daejeon can participate in this program at no charge but the program is limited to 100 participants on a first-come, first-serve basis.
KAIST Humanistic Education for Citizens was established in 2012 and is held four times during a year to reinforce bonding with local citizens and enhance cultural refinement and an appreciation of literature.
With the topic ‘Are News Facts?” the seminar has invited six lecturers, including Researcher Soo Young Kim from the Institute of Communication Research, to navigate various issues that smart news users need to know in this era of massive news consumption.
The lecture is dedicated to discussing a current hot issue, the phenomenon of fake news, from various perspectives and to promote smart news consumption.
It will also help to provide an understanding of legal and policy changes regarding media production and distribution.
Professor Donghwan Ko, who is also the dean of the School of Humanities and Social Sciences said, “The lectures will provide information on various issues that people need to know more about for smart news consumption in the “infoglut” era from media, psychological, social, and legal perspectives.”
The lectures will be held every Wednesday at 3pm in the School of Humanities and Social Sciences.
2018.03.06 View 6399 -
KAIST Professors Selected as Y-KAST Members
Professor YongKeun Park, Professor Bumjoon Kim, Professor Keon Jae Lee, and Professor Young Seok Ju were selected as the newest members of the Young Korean Academy of Science and Technology (Y-KAST).
The Korean Academy of Science and Technology, an academic institution of professional experts, selected 26 promising scientists under the age of 43 to join Y-KAST. and four KAIST professors were included in the list.
The newest members were conferred on February 26.
Research Field
Name
Natural Sciences
YongKeun Park (Dept. of Physics)
Engineering
Bumjoon Kim (Dept. of Chemical and Biomolecular Engineering)
Agricultural & Fishery Sciences
Keon Jae Lee (Dept. of Materials Science and Engineering)
Medical Sciences
Young Seok Ju (Graduate School of Medical Science and Engineering)
2018.03.05 View 10190 -
Successful Synthesis of Gamma-Lanctam Rings from Hydrocarbons
(The team of Professor Chang, far right, at the Department of Chemistry)
KAIST chemists have designed a novel strategy to synthesize ring-shaped cyclic molecules, highly sought-after by pharmaceutical and chemical industries, and known as gamma-lactams. This study describes how these five-membered rings can be prepared from inexpensive and readily available feedstock hydrocarbons, as well as from complex organic molecules, such as amino acids and steroids.
Gamma-lactams find several applications in medicinal, synthetic, and material chemistry. For example, they are included in a large number of pharmaceutically active compounds with antibiotic, anti-inflammatory, and anti-tumoral functions. This research was published in Science on March 2.
Conversion of hydrocarbons into nitrogen-containing compounds is an important area of research, where the challenge lies in breaking strong carbon-hydrogen (C−H) bonds, and converting them into carbon-nitrogen (C–N) bonds in a controlled fashion. For this reason, hydrocarbons are difficult to use as starting materials, albeit the fact that they exist in large quantities in nature.
Over the last 35 years, chemists have found ways of converting simple hydrocarbons into nitrogen-containing rings, such as indoles or pyrrolidines, but gamma-lactams proved impossible to prepare using the same approaches. Researchers hypothesized that such failure was due to alternative chemical pathways that steer the reaction away from the wanted rings: The reaction intermediate (carbonylnitrene) quickly breaks down into unsought products. Using computer models of the desired and undesired reaction pathways, the team found a strategy to completely shut down the latter in order to obtain the longed-for gamma-lactams. For the first time, these four carbons and one nitrogen cyclic molecules were obtained directly from simple feedstock chemicals.
Led by Professor Chang Sukbok at the Department of Chemistry, the team designed the winning reaction with the help of computer simulations that analyze the reaction mechanisms and calculate the energy required for the reaction to take place. According to such computer predictions, the reaction could follow three pathways, leading to the formation of either the desired gamma-lactam, an unwanted product (isocyanate), or the degradation of the catalyst caused by the substrate reacting with the catalyst backbone. Combining experimental observations and detailed computer simulations, the team designed an iridium-based catalyst, highly selective for the gamma-lactam formation. In this way, the two undesired pathways were systematically shut down, leaving the formation of the nitrogen-containing ring as the only possible outcome. Professor Chang is also in charge of the Center for Catalytic Hydrocarbon Functionalizations at the Institute for Basic Science (IBS).
“With this work we offer a brand new solution to a long-standing challenge and demonstrate the power of what we call mechanism-based reaction development,” explains Professor Baik Mu-Hyun, a corresponding author of the study.
Beyond using cheap feedstock hydrocarbons as substrates, the team was also successful in converting amino acids, steroids, and other bio-relevant molecules into gamma-lactams, which might find a variety of applications as plant insecticide, drugs against parasitic worms, or anti-aging agents. This new synthetic technology gives much easier access to these complicated molecules and will enable the development of potential drugs in a much shorter amount of time at a lower cost.
Figure 1: Selective amidation reaction using newly designed iridium (Ir) catalysts. Abundant in nature Hydrocarbons are used as substrates to synthesize nitrogen-containing ring, called gamma-lactams.
Figure 2: Three possible reaction pathways and energy barriers predicted by computational chemistry. The scientists developed new iridium-based catalysts that are highly selective for the C–H insertion pathway which leads to the desired gamma-lactam molecules.
Figure 3: Interesting gamma-lactams derived from natural and unnatural amino acids, steroids, etc., which may be used to protect plants against insects, fight parasitic worms, or as anti-aging agents.
2018.03.02 View 9098 -
Samsung Electronics' Chairman Kwon Becomes the First Alumnus Honorary Doctorate
(Samsung Electronics' Chairman & CEO Kwon,left, and President Shin)
The semiconductor has bred innovation in Korea, as one of the staples of economic growth. Without the success of the semiconductor industry of Korea, it is hard to imagine the high tech dominance in the global market enjoyed by Korean companies.
It is said that one in every four Ph.D.s working in the semiconductor industry of Korea graduated from KAIST. Among them, Chairman and CEO Oh-Hyun Kwon of Samsung Electronics, Class of 1977, has arrived at the epitome of this top industry.
KAIST’s class of 1977 produced many movers and shakers in Korea’s innovation efforts. Now in their mid-60s, they were the players who embodied Korea’s ICT and helped it become a global powerhouse. They are the ones who worked for and witnessed the socio-economic transformation of Korea through innovation.
In recognition of his unsurpassable entrepreneurship, which made the remarkable strides in the semiconductor and electronics industry in Korea and beyond, Chairman Kwon was honored as the first recipient of an honorary doctorate from his alma mater on February 23 during the 2018 commencement ceremony.
After completing his Master's in Electrical Engineering at KAIST in 1977, he earned his Ph.D. in Electrical Engineering from Stanford University. The first honorary degree bestowed to an alumnus was conferred by the first alumnus President of KAIST Sung-Chul Shin. President Shin said that Chairman Kwon’s exceptional leadership has inspired the KAIST community and exemplified the spirit of KAIST.
Currently serving as chairman & CEO of Samsung Electronics and Samsung Advanced Institute of Technology (SAIT), Kwon has worked for Samsung in a variety of key positions in their semiconductor division since 1985.
In the mid-1980s, Japan was leading the global semiconductor market. At Samsung, Chairman Kwon, who was in charge of the memory semiconductor team, successfully developed 4M DRAM. Later in 1992, he played a leading role in the development of the world’s first 64M DRAM.
The success of 4M DRAM and 64M DRAM led Samsung to clinch the top position in the DRAM and NAND flash business around the world. This helped Samsung emerge as a global leader in the semiconductor industry.
As a result, Samsung, as well as the national economy, could gain significant momentum to build national competitiveness and economic growth. The outstanding technological leadership of Chairman Kwon led to the development of proprietary semiconductor design and processes technologies as well as numerous patents.
He also played a leadership role in creating a mutual growth environment among conglomerates rather than merely engaging in direct competition. Chairman Kwon made every effort to establish the cornerstone of mutual growth, especially in relationships with small and medium-sized enterprises (SMEs). His win-win collaboration initiatives among conglomerates and SMEs made a significant impact on the development of the entire industry of Korea.
In his acceptance speech, he charged the graduates to embrace challenges, to collaborate with peers, and create their own future.
The full text of his speech is printed below.
Graduates and distinguished guests! I extend my sincere congratulations to my fellow graduates, as you are awarded degrees for your deep efforts, as well as to the parents and family members who have supported you.
In 1977, I received my Master’s degree in Electrical Engineering from KAIST. Today, as the first honorary doctor among KAIST graduates, I am truly honored to be here. I am deeply grateful to all of you, including President Sung-Chul Shin and the Chairman of the Board of Trustees, Jang-Moo Lee.
Today, I want to tell you about the experiences and lessons I have learned from my 40 years of corporate management experience.
First, you should lead and drive changes by yourself. In the process of realizing a dream, the situation and circumstances do not always proceed as you planned.
I started my career as a researcher. However, I had to continuously transform myself into a project leader, business team leader, and CEO. It was challenging every time, due to a lack of preparing and my insufficient ability. However, I have always accomplished the intended goal through the mindset of embracing changes and studying new things.
It is said that the survivors are not always the strongest nor the most intelligent, but the ones who are the most adaptive to changes. We can only be the last survivor if we have the character to see those small signs that signal changes are coming and cope with changes well. Take changes positively and actively and then, transform yourself to match a given situation.
In addition, it is important to understand others. When it comes to one’s career, there is nothing that you can do alone without the assistance of others. If it is not possible to do everything by yourself, you will need to supplement your efforts through the help of others. To do this, you need to understand your colleagues, bosses, and customers first.
People, who work in tech tend to cage themselves in their own silos. But in an era of destructive innovation, where boundaries of industries and technologies are collapsing at a breakneck pace, scientists also need to enhance their understanding of various areas such as culture, art, and the humanities.
This is a famous verse from a poem by Chun-Soo Kim.
Before I called his name,
He was nothing but a gesture.
When I called his name, He came to me and became a flower.
Make wonderful synergy by making your partner a flower and complementing each other. When you first notice the true value of another person and interact with them, the value of the individual will be doubled and will bring about a greater impact.
Finally, we all need to cooperate with each other. All of you here, including myself, are people who have benefited from society. We must cooperate with each other and give back to society for the best results.
A biologist once said that incremental evolution comes from competition, but fundamental evolution comes from cooperation. Great leaders should achieve results through cooperation rather than competition.
You are the future leaders with top-class knowledge. I hope you will become great leaders who have wisdom that combines external resources with your abilities.
Now, graduates of 2018 who are standing at the starting line, we often worry about an unpredictable tomorrow. However, the smartest way to predict the future is to create the future for ourselves. Moreover, we can try again even though we sometimes make mistakes. I urge you to make future you are hoping for.
Once again, I would like to thank you for this honorary doctorate and extend my sincere wishes for the endless development of KAIST and the best of luck to the futures of these graduates. Thank you.
2018.02.26 View 8688