Pukyong National University Selected for Regional Innovation Project in Quantum and Finance

Building Research Infrastructure for Quantum and Finance, Fostering High-Level Talent

Pukyong National University (President Jang Youngsoo) has been selected for the quantum and finance project of the 2024 Local Government-University Cooperation-Based Regional Innovation Project (RIS).

Pukyong National University Headquarters and Haneoulter.

Pukyong National University, with a consortium consisting of Professors Park Heecheol, Lee Kyuseop, and Lee Seunghoon from the Department of Physics, and Professors Kim Taeguk and Han Youngsun from the Department of Computer and Artificial Intelligence Engineering, has been selected for the RIS project titled "Establishment of a Research Ecosystem and Training of High-Level Personnel for Quantum-Classical Hybrid Systems to Solve Financial Problems."

The RIS project is a program that selects and supports leading institutions among local universities in the fields of quantum and finance, and lifelong education and entrepreneurship, to foster mutual growth between regional universities and industries through the establishment of a regional innovation system in Busan Metropolitan City.

With this selection, the Department of Physics at Pukyong National University will focus on developing quantum materials/devices and establishing a platform for advanced measurement technology, while the Department of Computer and Artificial Intelligence Engineering will work on building a quantum software development platform specialized for financial problems, thereby creating research infrastructure and training high-level personnel.

Quantum science and technology is a field expected to have a significant impact on innovation in various areas such as artificial intelligence and finance, as it utilizes qubits with superposition properties instead of traditional bits, greatly increasing computational processing speed.

The Pukyong National University consortium plans to implement programs such as establishing quantum research infrastructure, inviting experts for seminars, hosting international workshops, conducting field trips for quantum research specialists, facilitating international personnel exchanges and dispatches, and developing master's and doctoral training tracks through this project.

Park Heecheol, head of the project group at Pukyong National University, stated, "We expect this project to become the cornerstone for the convergence of quantum science and technology and the finance industry, which are future growth industries for Busan. We will do our utmost to establish a quantum-classical hybrid research infrastructure and train high-level personnel in Busan."

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