About 100 professors at the Korea Advanced Institute of Science and Technology (KAIST) have come forward to help small and medium-sized enterprises (SMEs) develop fundamental technologies for key materials, components and equipment. The move is a response to Japan’s recent trade retaliation against Korea.
KAIST announced on Aug. 5 that it has launched the “KAIST Materials, Parts and Equipment Technical Advisory Group” to help Korean SMEs develop technologies to localize parts and components that are subject to Japan’s export restrictions.
Choi Sung-yul, deputy dean of the KAIST College of Engineering, will head the group, which consists of the Advanced Material Division, the Chemical and Bio Science Division, the Chemical Engineering and Equipment Division, the Electronics and Computer Division and the Machinery and Aviation Division.
The group will support the development of technologies in such major industries as semiconductors, energy and automobiles for which Korea has been relying on imports. Specifically, they will provide advice on technologies for 159 materials and parts among 1,194 items that will be affected by Japan’s export regulations.
"We launched an advisory group to help Korea overcome a national crisis triggered by the Korea-Japan trade war," said Shin Sung-chul, KAIST president. “We appointed members of the group as advisors for companies. They will strongly support the companies by analyzing their status, drawing up their R&D plans and participating in their R&D activities.”