Later this month, the Korea Advanced Institute of Science and Technology (KAIST) will unveil the Korea Policy Center for the Fourth Industrial Revolution (KPC4IR). The university said on Tuesday that it would utilize the center to study new technologies and contribute to broadening innovative ecosystems.
The Ministry of Science and ICT and KAIST joined hands with the World Economic Forum (WEF) to create the center and work together in developing the core Fourth Industrial Revolution technologies in a bid to pursue “inclusive growth.”
The Korea Policy Center opening ceremony would take place at the Korea Advanced Institute of Science and Technology in Daejeon on December 10.
WEF Executive Chairman Klaus Schwab said after meeting with President Moon Jae-in during a visit to Korea that he highly recognizes the country’s potential in the Fourth Industrial Revolution and vows to cooperate, according to KAIST.
The visit led to the ICT Ministry and the WEF’s Center for the Fourth Industrial Revolution, based in California, to collaborate on a joint research project, selecting the university as the entity to perform the task.
KAIST, with the WEF’s Center for the Fourth Industrial Revolution, agreed on a memorandum of understanding (MOU) in 2017. Since the signing of the MOU, KAIST developed significant technologies and policies for the center.
Head managing director of WEF’s Center for the Fourth Industrial Revolution, Murat Sonmez, including key officials, will attend the opening ceremony of the KPC4IR. Several Korean lawmakers and ICT Minister Choi Ki-young will also participate in the event.
The key participants, along with Sonmez, would also discuss important topics such as global leadership and regulations.
Lee Sang-yup, a professor in the Department of Chemical and Biomolecular Engineering at KAIST, stated, “With the launch of the KPC4IR, Korea will rise to be a global leader that will develop core technologies and preemptively study socio-economic issues involving the Fourth Industrial Revolution.” Lee Sang-yup will head the KPC4IR.