KAIST has teamed up with the Electronics and Telecommunications Research Institute (ETRI) to further advance the information and communications technology (ICT) industry based on discovering future growth engines and creating new jobs.

On April 2, KAIST and ETRI signed a memorandum of understanding (MoU). The MoU states that both institutes will conduct joint projects for future ICT research and technology developments that will serve as a core infrastructure of the creative economy plan designed by the Ministry of Science, ICT and Future Planning. The research results will be quickly commercialized to help the growth and development of global top ICT companies in Korea.

Both institutes will cooperate on many ICT projects such as planning the Research, Education, Development & Business (RED&B) Program to develop future ICT technology, establishing and operating the world-class future ICT Global Top Institute, establishing a joint-support platform for nurturing global top ICT small medium enterprises (SME), opening joint-education programs to promote the exchange of personnel, and planning the future creative ICT RED&B demonstration project.

KAIST President Sung-Mo Kang expressed his expectations by saying that KAIST and ETRI will contribute to the increase of global competitiveness with Korean ICT technology by establishing a new RED&B cluster model in ICT fusion research and by suggesting a direction in the future ICT industry education and research.

ETRI President Heung-nam Kim said that KAIST and ETRI have led the technology development and innovation in the Korean ICT industry, and with this RED&B MoU, both institutes will help fulfill the creative economy plan by letting Korean ICT develop independently in all fields.

As part of the demonstration project in the RED&B program, KAIST and ETRI will push ahead in development projects such as next-generation supercomputer technology, human big data for commerce, and next-generation applied system platform technology.