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POSTECH to Invest 1.2 Trillion Won to Become World’s Top University
POSTECH is embarking on a groundbreaking endeavor with unprecedented investments aimed at initiating the second phase of its educational development program, known as POSTECH 2.0.
POSTECH was founded in 1986, and, in the capacity of a provincial, private, and small-scale institution, has managed to rise rapidly to become one of the Republic of Korea’s premier institutions of higher learning. By 2010, the university had gained international recognition by being placed 28th (among the Top 30) in the Times Higher Education World University Rankings. The World Bank has also hailed POSTECH as a paradigmatic model of “a world-class research university on the periphery.” This success story began with aggressive initial investments by the POSTECH Foundation, attracting talented students and establishing world-class research infrastructure. Consequently, more universities in Korea and elsewhere in Asia had emerged by following the POSTECH model.
Despite these achievements, POSTECH recognizes the need to go beyond the initial goal of becoming a “world-class research-oriented university.” Thus, a new vision has been set forth of attaining unparalleled excellence in education, research, and innovation. This ambitious aspiration entails significant investments not unlike those required when founding a new university, along with comprehensive reforms across all facets of university operations.
To realize this vision, the board of directors of the POSTECH Foundation passed a resolution on January 30 to invest a total of KRW 1.2 trillion over the span of ten years, from the current year until 2033.
○ POSTECH 2.0 Key Initiatives
– Establish a boundaryless education system inspired by the vision of POSTECH’s inaugural president, commonly referred to by his pen name, Mueunjae (無垠齋).
– Cultivate research fields to attain global leadership with initiatives such as “Made in POSTECH”
– Expand industry-academy collaboration and technology transfer for creating and promoting new industries
– Secure sustainable growth drivers to enhance competitiveness and achieve development goals
Category | Area | Initiatives |
1 | Faculty (Research Innovation) | Attract and retain world-class scholars to enhance research competitiveness – Cultivate excellence in research fields to achieve global leadership – Attract and retain top domestic researchers |
2 | Student (Education Innovation) | Implement interdisciplinary education to break down barriers between majors and space/time – Strengthen efforts to attract outstanding individuals from both domestic and international pools – Establish a comprehensive support system for Mueunjae-inspired education and research – Nurture global leading Postechians |
3 | Management (Infrastructure Innovation) | Create a future-oriented campus town capable of accommodating the next 50 years – Expand educational and research infrastructure to prepare for the future – Provide the best living conditions in Korea |
○ Faculty (Research) Innovation
Objective | Attract world-class scholars and bolster research competitiveness |
Budget | – Recruit exceptional faculty: KRW 103.6 billion – Strengthen faculty competitiveness: KRW 112.4 billion – Promote R&D innovation: KRW 100 billion |
– Early Retirement Extension Program and Performance-based Non-accumulative Incentive System
– Program to Appoint Distinguished Overseas Professors Concurrently
– R&D Centers focusing on strategic local industries
○ Student (Education) Innovation
Objective | Break down the boundaries between majors and space/time in education |
Budget | – Innovation in undergraduate and graduate education: KRW 44.4 billion
– Globalization and student support: KRW 73.6 billion |
– Cultivate global leading Postechians
– Implement Muenjae-inspired education (undergraduate)
– Implement a graduate student support system focused on research excellence (graduate)
– Enhance domestic and international student recruitment
○ Management (Infrastructure) Innovation
Objective | Pioneer a visionary campus town for the next 50 years |
Budget | – Facility development: KRW 537.7 billion – Residential environment: KRW 166.6 billion – Administrative infrastructure: KRW 8.7 billion |
– Future-proofing educational and research facilities
– Premier residential amenities