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==History== [[Image:Kaistphotoarchive01.jpg|thumb|Korean representatives and [[Frederick E. Terman]] discuss the establishment of the institute.]] The institute was founded in 1971 as the Korea Advanced Institute of Science (KAIS) by a loan of US$6 million (US$38 million<ref>{{cite web |url=http://www.westegg.com/inflation/infl.cgi |title=The Inflation Calculator |date=11 July 2013 |website=Westegg.com |access-date=11 July 2013}}</ref> 2019) from the [[United States Agency for International Development]] (USAID) and supported by President [[Park Chung-Hee]].<ref name="kaistherald" /> The institute's academic scheme was mainly designed by [[Frederick E. Terman]], then vice president of [[Stanford University]], and Dr. KunMo Chung, a professor at the [[New York University Tandon School of Engineering|Polytechnic Institute of Brooklyn]].<ref>{{cite web |url=http://40th.kaist.edu/history/kaist_history.do |title=KAIST's history and vision |website=KAIST.edu |publisher=KAIST |access-date=11 July 2013 |url-status=dead |archive-url=https://web.archive.org/web/20131012215618/http://40th.kaist.edu/history/kaist_history.do |archive-date=12 October 2013 }}</ref> The institute's two main functions were to train advanced scientists and engineers and develop a structure of graduate education in the country. Research studies had begun by 1973 and undergraduates studied for bachelor's degrees by 1984. In 1981 the government merged the Korean Advanced Institute of Science and the Korean Institute of Science and Technology (KIST) to form the Korea Advanced Institute of Science and Technology, or KAIST, under the leadership of physics professor Choochon Lee.<ref>{{cite web |url=https://kaist.ac.kr/leaderen/html/President/010501.html |website=Presidents of KAIST |title=KAIST Leadership, Former Presidents}}</ref> Due to differing research philosophies, KIST and KAIST split in 1989. In the same year KAIST and the Korea Institute of Technology (KIT) combined and moved from [[Seoul]] to the [[Daedeok Innopolis|Daedeok Science Town]] in [[Daejeon]]. <!-- KAIST has led other colleges and research institutions in Korea and was verified by the [[ABET]] assessment (graduate course is within 10% of top US college level) in 1992, evaluation of nationwide colleges by Joongang Ilbo (1995, 1998–2001, 2006, 2008-2010: number one in overall rank, and evaluation of Asian colleges by Asiaweek (1999~2000: Number one in science and technology), Chosun Ilbo evaluation of Asian colleges(2009, overall rank number one in the nation, 7th in Asia, world university ranking of The Times newspaper(2008: 34th of Top 100 world university in Technology) and others.{{cn|date=December 2011}} --> The first act of President Suh upon his inauguration in July 2006 was to lay out the KAIST Development Plan. The ‘KAIST Development Five-Year Plan’ was finalized on February 5, 2007, by KAIST Steering Committee. The goals of KAIST set by Suh were to become one of the best science and technology universities in the world, and to become one of the top-10 universities by 2011. In January 2008, the university dropped its full name, ''Korea Advanced Institute of Science and Technology'', and changed its official name to only ''KAIST''.<ref>[http://www.kaist.edu/bbs/share_body.php?req_P=ptb&req_PDX=0188e8b8b014829e2fa0f430f0a95961 'KAIST' Decides Not to Use Original Full Name] {{webarchive|url=https://web.archive.org/web/20110718022658/http://www.kaist.edu/bbs/share_body.php?req_P=ptb&req_PDX=0188e8b8b014829e2fa0f430f0a95961 |date=2011-07-18 }}, KAIST announcement, January 10, 2008.</ref> ===Timeline=== {| class="wikitable" |- | February 16, 1971 | Korea Advanced Institute of Science (KAIS), Hongneung Campus, Seoul is established |- | March 5, 1973 | Candidates matriculate for master's degree |- | August 20, 1975 | First commencement for the master's program |- | September 12, 1975 | Candidates matriculate for doctorate degree |- | August 19, 1978 | First commencement for the doctoral program |- | December 31, 1980 | Korea Advanced Institute of Science and Technology (KAIST) is formed by merger with KIST |- | December 27, 1984 | Korea Institute of Technology (KIT) is established in Daejeon, South Korea |- | March 28, 1986 | First matriculation for undergraduates |- | June 12, 1989 | KAIST and KIST separate, KAIST retains institution name |- | July 4, 1989 | KAIST merges with KIT, relocates to Daejeon |- | December 17, 1990 | First commencement for bachelor's degree students |- | October 1, 1996 | Establishes [[Korea Institute for Advanced Study|Korea Institute of Advanced Study (KIAS)]] |- | May 4, 2004 | Founds National Nanofab Center (NNFC) |- | January 1, 2008 | Officially changes name to KAIST, replacing the spelled-out name |- | March 1, 2009 | Acquires [[Information and Communications University]] (ICU), renaming it [[KAIST Information Technology Convergence Campus]] |}
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