KAIST

KAIST (formally the Korea Advanced Institute of Science and Technology) is a national research university located in Daedeok Innopolis, Daejeon, South Korea. KAIST was established by the Korean government in 1971 as the nation's first research-oriented science and engineering institution. KAIST also has been internationally accredited in business education, and hosting the Secretariat of AAPBS. KAIST has approximately 10,200 full-time students and 1,140 faculty researchers and had a total budget of US$765 million in 2013, of which US$459 million was from research contracts.