[Korea Joongang Daily] President Kim Woo-seung Stresses Industry-Academic Cooperation to Cope with Financial Hardships
Aligning Hanyang University with the changes faced by fourth industrial revolution
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The president of Hanyang University Kim Woo-seung recently revealed through the JoongAng Sunday his thoughts on how schools can overcome the burden of financial difficulties. He emphasized the concept of technology transfer income, which highlights the beneficial relationship of how universities can also profit through cooperation with industries. The company adopts useful information from school to their product or service and the earned profits are partially given to universities. He picked Princeton University as the perfect example, as it earned about 156 billion won in 2015 through technology transfer income. At Hanyang University, energy engineering professor Sun Yang-kook and chemistry professor Sung Myung-mo earned about $3.3 million worth of technology transfer income through cooperation with a foreign company.
Hanyang University is known for its success with start-ups that graduates have put their hands on. According to President Kim in his interview, a total of 10,213 companies have been founded and run by our graduates. The 720,000 employees that these companies hired created a total annual value of 573 trillion won last year, amounting to 33.1 percent of Korea’s GDP. “Start-up is our tradition,” President Kim said.
President Kim also stressed the implementation of “Industry-Coupled Project (Problem)-Based Learning (IC-PBL)” courses to foster students’ job performance abilities that align with the desired talents from industries and the society. He created the IC-PBL courses in Erica campus, back in 2017 when he was the vice president of the university. This was to help students develop four professional abilities key to adapt in the fourth industrial revolution period: critical thinking, creativity, cooperation and communication. President Kim commented that along with IC-PBL courses, more teachings that are closely related to social problems will be provided from next year.
Original article: http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3070914
Global News Team
Translated by Kim Hyun-soo
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