Kim Jae-cheol, Honorary Chairman of Dongwon Group, Awarded Honorary Doctorate from KAIST

500 Billion KRW Donated in 2020 to Foster AI Industry Talent

Jae-chul Kim, Honorary Chairman of Dongwon Group.

[Asia Economy Reporter Eunmo Koo] Kim Jae-cheol, Honorary Chairman of Dongwon Group, will receive an honorary Doctor of Science and Technology degree from the Korea Advanced Institute of Science and Technology (KAIST) in recognition of his contributions to South Korea's artificial intelligence (AI) industry.

KAIST announced that at the degree conferment ceremony held at 2 p.m. on the 18th in the KAIST Auditorium in Daejeon, Honorary Chairman Kim will be awarded the honorary Doctor of Science and Technology degree. The ceremony is expected to be attended by Honorary Chairman Kim, Vice Chairman Park In-gu, KAIST President Lee Kwang-hyung, and others.

KAIST President Lee Kwang-hyung stated, "Honorary Chairman Kim is an indomitable entrepreneur who has devoted his life to national economic development and talent cultivation," adding, "The degree conferment ceremony is held in recognition of his contributions to the development of South Korea's AI industry and talent cultivation, which have strengthened the nation's global competitiveness."

Honorary Chairman Kim expressed, "I am deeply honored to receive an honorary Doctor of Science and Technology degree from KAIST, the cradle of scientific research and education in our country," and added, "I hope KAIST will nurture global core talents who can lead South Korea as a leader in the data-driven era and spearhead the Fourth Industrial Revolution."

Meanwhile, in 2020, Honorary Chairman Kim donated 50 billion KRW of his private funds to KAIST to foster talent in South Korea's AI industry. Last year, KAIST named its AI Graduate School the 'Kim Jae-cheol AI Graduate School' and is gradually expanding its top-tier faculty, focusing on cultivating AI convergence talents.

This content was produced with the assistance of AI translation services.