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Large-scale senior public official training team from the Philippines receives Saemaul education at YU International cooperation leading university project reaps fruit in the Philippines Enderun Colleges became the first foreign university to establish the 'Saemaul Department' [March 25, 2016] <Philippine government and local authority leaders received Saemaul Undong training and held a completion ceremony on the 18th> The Saemaul Undong is spreading throughout all of the Philippines. The seeds of the global Saemaul Undong sown by YU after being selected as an international cooperation leading university by the Ministry of Education have finally given fruit. YU conducted Saemaul training for 21 people including key figures in the Filipino government and local authorities for seven days from the 13th to the 19th. The group included 11 provincial government leaders of the philippines such as Governor Wilter Palma of Zamboanga Sibugay, Mayor Don Abalon of Northern Samar, the mayor of San Roque, and the vice-governors of administration from La Union and Abra Provinces. Furthermore, senior public officials of major central government departments such as the National Economic Development Agency (NEDA), Agricultural Reform Ministry, and the Public Administration Ministry and key figures of the League of Provinces of the Philippines also joined. This training, which began in the morning of the 14th with an orientation, included visiting Gumi City Hall on the 16th to gain a basic understanding of the principles of and strategies of the Saemaul Undong by checking the advanced provincial administration for urban and rural areas in Gumi, and it was a good opportunity to improve understanding on Korea's current rural development and advanced agricultural administration. Park Chung Hee School of Policy and Saemaul Director Park Seung-woo, who is in charge of YU's international cooperation leading university project, said in his welcoming address, "This training program will be an important point in time for spreading the spirit and methodology of the Saemaul Undong in the Philippines, and to spread regional development programs based on the Saemaul Undong." The governor of Palma said in his keynote address, "I hope that the participants here will spread Korea's Saemaul Undong in the Philippines and become warriors that spread regional development for the Philippines based on the spirit and policies of the Saemaul Undong." Meanwhile, YU created a huge sensation by establishing a Saemaul Department in Enderun Colleges in the Philippines through the international cooperating leading university project. Enderun Colleges President Ed Rodriguez, who also participated in this training, said, "We will do our best in spreading the Saemaul Undong in the Philippines with Enderen Colleges as its forward base." Enderun Colleges has been engaging in Saemaul regional development programs and Saemaul training programs for public employees through MOUs with a number of provincial governments such as in Iloilo and Letye, as well as the League of Provinces of the Philippines. It is expected that through this training for senior public officials, YU's global Saemaul Undong will spread all across the Philippines. The seeds of the global Saemaul Undong sown by YU are not reaping fruits in the Philippines.
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Helping with exports for local companies by participating in 2016 Dubai Agricultural Expo Signed export contracts for 86,000 dollars 279 consultations with buyers, hoping for additional export contracts [March 31, 2016] <GTEP team students participated in the Dubai Agricultural Expo to provide consulting on exports with buyers> YU students are helping local companies to increase exports to the Middle East. In the recently held '2016 Dubai Agricultural Expo (AgraME2016)', 20 students with the YU Global Trade Experts Incubating Program team (hereinafter 'GTEP team') contributed significantly to help local small and medium companies sign export contracts for the Middle Eastern market. AgraME is the largest agricultural expo in the Middle East joined by over 5,000 buyers every year and YU students stood in the frontline to make known the name of local companies and help open the door to exports. The YU students held 279 buyer consultation sessions in Dubai with 10 excellent agricultural material companies such as Byongjue Agricultural (CEO Cho Nam-sun), Bu Kwang Sa (CEO Lee Sang-hee), Green Agrotech (CEO Park Man-woong), and Yukil FGC. The amount of the consultations reached 2 million dollars. In particular, with the help of YU students, Bu Kwang Sa, a shade net manufacturing company, signed contracts worth a total of 70,000 dollars with Al Qarn, a company in Oman, and Al AinGarden of the UAE. Byongjue Agricultural, which specializes in producing horticultural binding machines, signed a contract for exports with 15,000 dollars on the spot with Al Qbaidi, a company located in Budabi. After signing an export contract in Dubai, Bu Kwang Sa Director Lee Yong-ho said, "The buyer consultations by the YU students played a decisive role in signing export contracts," and added, "I was surprised to see the students have practical knowledge and foreign language skills equivalent to that of other professionals. I hope that we can continuously work with YU for more exports to other foreign countries." Green Agrotech, which possesses technologies on pest traps, signed a technological partnership agreement for the development of palm pest trap pheromone with Al Atta of Dubai, while Dain Industries held in-depth discussions on plans to utilize landscape trees of fruit tree trap materials with UAE buyers to raise the possibility for exports in the future, thereby posting both tangible and intangible results to establish a foothold for local companies to export to the Middle East. They are planning to help the companies in the future for continuous talks with buyers that they talked with at the event, and therefore, it is expected that additional export contracts will follow. Lee Seok-young (24, School of International Economics and Business, senior) who took part at AgraME while serving as an agent of the 10th YU GTEP team said, "It was a great opportunity to learn practical knowledge that is not taught at school by cooperating with corporate professionals," and added, "Based on the theories that I learned from the project team, I wanted to see what I could do in the real field, and I am very pleased that we were able to actually sign contracts." The global trade capacities of the YU GTEP team are already well know. They contributed in signing a whopping 750,000 dollar export deal by helping a local company that specialized in roofing materials. Being recognized for such capacities, YU was selected last year for the 'Regional Specialized Youth Trade Export Incubating Program' sponsored by the Ministry of Trade, Industry and Energy, and the Korea International Trade Association. In particular, YU is the only one of the 24 universities selected for the project nationwide for specialization in the Middle East. The YU GTEP team fostered trade experts armed with language and trade knowledge for the Middle East and was expected to play a big role in helping companies in the Daegu and Gyeongbuk region to enter foreign markets. It has made visible outcomes in not even a year since pursuing the project. Meanwhile, YU has continuously been pursuing youth trade expert incubation programs fro 2001 with the support of the government. Since starting the Ministry of Industry and Energy TI (Trade Incubator) project in September of 2001, it has been carrying out youth trade expert incubation projects for the 16th straight year.
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Selected for ‘2016 College Student Youth Education Support Project Excellent University’ 300 ‘Sharers’ engage in Education/Knowledge sharing activities [March 22, 2016] <YU students engage in knowledge sharing activities at a local children's center> YU (President Noh Seok-kyun) students engaged in large-scale education donation activities for youths. With the start of the 2016 school year, YU selected 300 'Sharer' students who will share their knowledge and experience for local elementary, middle and high school students and act as their mentors. The sharer students of YU selected are scheduled to begin full-fledged sharing activities from April by teaming up with over 100 institutes such as local children's centers and elementary, middle and high schools. The activities are a part of the '2016 College Student Youth Education Support Project' supervised by the Korea Student Aid Foundation. YU was recently selected as an outstanding university for the '2016 College Student Youth Education Support Project' and received 350 million won from the government. YU received 120 million won in 2014 and 230 million won in 2015 for this project, and it has continuously expanded education donation activities of students. Last year, 269 YU students engaged in knowledge sharing activities at 102 institutes including local children's centers. Noh Yoon-seo (21, Department of Family and Housing Studies, senior), who applied for sharer activities this year for the second straight year, said, "I was always interested in volunteer activities. This is related to the welfare sector, which is my major, and so I have been going to local children's centers and teaching elementary school students," while adding, "I can't spend too much time because I have to study and prepare for employment, but I am planning to go meet the students whenever I have time. I would like to continue to share my knowledge like this even after I graduate." The YU Sharer students this year will help teach local youths and also provide support in arts and physical education, and also act as a mentor to provide career advice and counseling. In particular, YU organized a specialized arts and physical education program to engage in education donation activities using knowledge gained from their majors. It is expected that comprising sharer teams with students majoring in arts, music and physical education, it will be possible to provide an opportunity for a wider range of arts and physical education to local youths with relatively less opportunities to learn about arts and physical education. Yoo Si-seob (41) of the YU Student Support Team that prepared this program said, "Activities that share knowledge and experiences can act as the cornerstone for not only the individuals sharing knowledge, but also for the local community to become more fruitful." He added, "We will develop more knowledge sharing programs so that more YU students can participate in them and work on spreading the culture of sharing."
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Joint research with POSTECH, developed high performance/nano-patterning organic semiconductor process technology Expected to use in next-generation flexible display, memories, and other electronic materials Poster paper in recent academic journal in top 1.5% materials science sector [March 23, 2016] A local joint college research team developed a technology that can advance the commercialization of next-generation flexible displays. YU School of Chemical Engineering Professor Kim Sae-hyeon (37) and his research team worked together with the research team of Park Chan-eon of Pohang University of Science and Technology and successfully developed the 'High Performance Nano-Patterning (process of configuring an image on a thin film) Organic Semiconductors (organic compound with semiconductor characteristics) Process Technology'. This technology concentrated high performance organic semiconductors into nano (10-9) meter intervals. Unlike inorganic semiconductors such as silicon, organic semiconductors are light and flexible so they can be applied to various electronic materials. Furthermore, it is relatively inexpensive so it can be mass produced and has been receiving a lot of attention for the development of next-generation electronic materials. However, it faces difficulties in commercialization due to its lower performance and limitations in integration technologies. Thus, the research team conducted studies focusing on the need to configure high performance organic semiconductor crystals and for the process development that can pattern it in nano-units. The research team explained, "We conducted research on a process method from the idea of the 'capillary phenomenon' where liquid follows the tube and rises when there is a narrow and long tube. We produce a mould with nano-meter patterns to make it in the form of a capillary and use it as the frame for filling it up with semiconductor solutions." They added, "We found that the organic semiconductor solution between the moulds at the lower vexil and nano-structure patterns rose in the nano-sized capillary tubes and naturally generated nano-sized single crystals (solid that is regularly generated according to a constant crystall axis for the entire crystals). In result, we were able to produce large-area organic semiconductors aligned in 50 nanometer intervals for 50 nanometer organic semiconductor single crystals'. Professor Kim said, "The research outcome is very significant in that it unified the high performance organic semiconductor generation and fine patterning work, which are important issues in commercializing organic semiconductors," and added, "As technologies for commercializing organic semiconductors developed, it is expected that it can be used in a broad range of next-generation electronic elements such as flexible displays, electronic paper, wearable sensors, memories and batteries. Meanwhile, this study was carried out as part of the senior researcher support project and new research support project overseen by the Ministry of Science, ICT and Future Planning and the National Research Foundation. The research results were published as the poster paper of the latest issue (February 24) of the globally acclaimed academic journal, <Advanced Materials (impact factor, IF, 17.493)>, which is in the top 1.5% of the materials science sector.
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YU Vice-president Choi Wae-chul holds special lecture on 'Saemaul' for senior public officials in Tanzania Agreed to cooperate in education and research such as opening the Saemaul Development Research Center in Tanzanian university [March 16, 2016] <YU Vice-president Choi Wae-chul holds a special lecture on the Saemaul Undong for senior public officials in Ilemala Municipality, Tanzania> Interest among emerging countries is rising for the global Saemaul development project being pursued by YU. Tanzania, an East African country, has recently shown high levels of interest from the government level, and agreed to invite an expert from YU to apply and expand Saemaul development in Tanzania. International Development Office Director Choi Wae-chul (Vice-president) met with Vice President Samia Hssan Suluhu, National Assembly Floor Leader Job Yustino Ngugai, and Vice Minister of Land and Housing Development Angeline Mabula on the 8th after being invited to Ilemala municipality to agree on plans to apply Korea's Saemaul development strategies in Tanzania. Vice President Suluhu (photo on left) said, "I am confident that Korea's Saemaul experience will be of great help in the rural, health and education development sectors of Tanzania" and added, "I hope that YU will contribute in strengthening the capacities of Tanzania's public employees and to foster new talents." National Assembly Floor Leader Ngugai (photo on right) stated, "The National Assembly will also cooperate so that the Saemaul development strategies can take root in Tanzania." In particular, Vice-minister of land and housing development Mabula introduced two rural villages in Ilemala and hoped that this village would be the pilot village for the Saemaul Undong. Director Choi Wae-chul held a special lecture for 30 people including Ilemala Mayor Renaius Bahebe Mulunha, council members and senior public officials for a total of about 30 people. Director Choi stated, "A reform in the mindset of leaders and community members are the most important thing for the development of a region and country," while stressing, "By taking into reference Korea's development experience and practicing hard work, independence, and cooperation, which are the key spirits of the Saemaul Undong, Tanzania will also be able to develop like Korea." After listening to Mr. Choi's special lecture, Mayor Mulunha said, "It was refreshing as these were things that I never heard about while working in the development sector until now. I learned that the mindset needs to be changed first for the development of regions and countries. I thought that Tanzania will also be able to develop like Korea through hard work, independency and cooperation, which are the key spirits of the Saemaul Undong, and I got a sense that Korea was even poorer than Tanzania after taking a look at photos of Korea from the past." He added, "As public employees, we felt two responsibilities. The first is to strengthen capacities so that the people can have a spirit of hard work, independence, and cooperation, and the other is to encourage the residents to get on their own two feet." In the afternoon of this day, Director Choi Wae-chul met with Thadeus Mkamwa (photo on left), president of St. Augustine University, which is a prestigious private university of Tanzania, and discussed plans for cooperation in education and research on the Saemaul development sector. In particular, they agreed to continue discussions on details after coming to a basic agreement on installing a Saemaul Development Research Center at this university. During his schedule in Tanzania, Director Choi Wae-chul was accompanied by David Mabula of the Tanzania branch (VMPF) of the Global Saemaul Development Network (GSDN), which is an international civic organization joined by over 50 countries. Chairman Mabula completed his course at the YU Park Chung Hee School of Policy and Saemaul and established an NGO in Tanzania called VMPF and has been pursuing the Saemaul development project. Tanzania is a country with 10 times the land area of Korea, 52 million people, and per capita GDP of 968 dollars (as of 2015), located in the eastern part of Africa, and it is an emerging nation rich in minerals such as gold and having a beautiful natural environment.
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Mr. Doh Young-hyun of the School of Mechanical Engineering saves person with CPR Mr. Lee Cheol-hwan of the Electric Team received 'Heart Saver' certification for saving the life of a subcontractor employee Annual employee CPR education together with Gyeongsan Fire Station a huge help [March 21, 2016] <Faculty who saved a person with CPR and fire fighters from the Gyeongsan Fire Station> (from left to right: Gyeongsan Fire Station Emergency Response and Rescue Team Fire Fighter Kim Bo-ram, faculty Lee Cheol-hwan, Doh Young-hwan, Fire Chief Park Joo-ho) It was later revealed that a faculty member of YU saved the life of a person who passed out due to heart failure with CPR. A professor at a university located in Gyeongsan visited YU on the 17th to say thank-you to his 'life-saver'. The professor who had cardiac arrest at a sauna in Hwanggeum-dong in early March was saved by the quick emergency treatment from another guest at the sauna. The 'life-saver' was Mr. Doh Young-hyeon (48, College of Engineering School of Mechanical Engineering Administration Office) who worked at YU, which is another university located in Gyeongsan. He visited the sauna with his younger brother and saw the man passed out in the sauna, and he saved his life by using CPR. Mr. Doh said, "It appeared that his symptoms were the same as that of cardiac arrest patients so I immediately did CPR," and added, "My brother and I applied pressure to his chest and gave mouth-to-mouth, and he finally regained consciousness after about five minutes." Even after the patient regained consciousness, Mr. Doh continued to ask his name and whether the could move his body, and continued to check up on the state of the patient until the 119 emergency rescue workers arrived. <Faculty members are receiving CPR training at Gyeongsan Fire Station> Mr. Doh said, "The CPR training that I received at Gyeongsan Fire Station in December of last year was very helpful," and added, "While receiving the training, I never thought that this would happen around me, but when the emergency situation occurred, the education and training I received came to mind clearly. The person to be thanked is not me, but the emergency response workers of the Gyeongsan Fire Station who provided such education." This was not the first time a faculty member of YU saved the life of a person. In August of last year, Lee Cheol-hwan (35) of the Electric Team saved the life of a subcontractor who passed out after being electrocuted. The subcontractor worker who was working on a utility pole on campus was shocked by electricity while cutting a cable and almost lost his life. Mr. Lee Cheol-hwan received the 'Heart Saver' certification (certificate given to emergency response workers and citizens who saved the life of emergency patients in risk of losing their life due to cardiac arrest with CPR) from Gyeongsangbuk-do in December of last year for his efforts in saving the life of another person. The reason why YU faculty could make such prompt emergency response was because the 'CPR and automated external defibrillator training' was held at the Gyeongsan Fire Station. YU provides training every year by cooperating with the Gyeongsan Fire Station Emergency Response and Rescue Department. Last year, a total of 157 employees received training in CPR over seven sessions. YU is planning to expand CPR from not only employees, but also teaching faculty. Gyeongsan Fire Station Chief Lee Gu-baek said, "After hearing that people who received training at fire station were able to save the lives of others without missing the golden time, I wanted to thank them." He added, "CPR is a simple emergency response that can save the lives of people in times of crisis. We will cooperate with other institutes in the region so that more people will not miss the golden time during emergency situations by continuously providing CPR education for the general public."
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Employee Scholarship Association practices '1% Love Sharing' by donating parts of their salaries Accrued 500 million won scholarship fund since 2008 and gave 93 million won to 36 students [March 18, 2016] <The Employee Scholarship Association gives scholarships to students on the 18th> The YU faculty's '1% Salary Love Sharing' is making the spring on campus warmer. It is now in the eighth year since faculty members donated parts of their salaries for scholarships to students. The YU Employee Scholarship Association Chairman Kim Sang-soo) held an Employee Scholarship Association Scholarship Granting Ceremony at the YU President reception room at 11 a.m. on the 18th. A total of 16 students including Ahn Joon-eon (22), a junior majoring in architecture, received full scholarships for the first semester of 2016. YU is planning to give full scholarships to the students selected for the scholarship until they graduate. YU Employee Scholarship Association Chairman Kim Sang-soo said, "Though it is not a lot, I hope that it will help students who are studying amidst difficult situations to fulfill their hopes and dreams," and added, "As a faculty member of YU, we will help provide physical and mental support so that students may concentrate only on their studies." The Employee Scholarship Association started off in 2008 by selecting 14 students for scholarships and giving them 1 million won each. From 2012, students in their junior years were selected to provide full scholarships for tuitions until they graduate. In order to give help to more students, the scholarship association has continuously increased the number of students for scholarships, and this year, 10 more students were selected for scholarships. Up until now, a total of 36 students received scholarships amounting to 93 million won, and they are planning to continuously expand the number of students to receive these benefits. Meanwhile, while handing over the scholarship certificates, the YU Employee Scholarship Association scholarship donation ceremony was also held. The YU Employee Scholarship Association donated 60 million won for scholarships on this day, and from July 2008 until now, a total of 500 million won has been accrued for the scholarship fund. At the scholarship donation ceremony, YU President Noh Seok-kyun said, "I will remember the love of the teachers for their school and students." He added, "As the president of the university, I will do my best so that students can study in a good environment and employees and teachers can enjoy their life working here."
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Choi Hyeok-young Scholarship Foundation gives a total of 70 million won in scholarships to eight students Full tuition until graduation, and 1 million won for books per semester Donated a total of 360 million won since 2007 including College Development Fund [March 8, 2016] <Choi Hyeok-young, president of the Choi Hyeok-young Scholarship Foundation gave scholarships to junior students.> There was the warm news of an alumnus of YU donating scholarships for his juniors at the start of the new semester. Choi Hyeok-young (74), president of the Choi Hyeok-young Scholarship Foundation donated scholarships to YU students who are his juniors. At 11:30 a.m. on the 8th, Mr. Choi visited YU President Noh Seok-young and the scholarship students and donated 70 million won in scholarships. Mr. Choi was the class of '63 in civil engineering at YU and has been giving scholarships to YU for the fifth year since 2012. Recipients of the scholarship receive full tuition scholarships and one million won for books per semester. Including eight students this year, a total of 260 million won was donated as scholarships for 13 students. Recipients of scholarships this year include Jung Ji-eun (23, senior, College of Medicine), Kim Yu-ju (21, senior, Department of English Language & Literature), Kim Cheon-ya (25, junior, Department of Textile Engineering and Technology), Ryu Hyun-gyung (22, junior, School of International Economics and Business), Choi Hyun-woo (20, junior, Department of Civil Engineering), Bae Shi-hyeon (20, junior, School of International Economics and Business), Bae Jae-hyun (20, sophomore, Department of Civil Engineering), and Koo Gyo-in (19, sophomore, Department of Information and Communication Engineering). Among them, Jung Ji-eun and Kim Yu-ju have been receiving scholarships for the third year since 2014, while Kim Cheon-ya, Ryu Hyun-gyung, Choi Hyun-woo and Bae Shi-hyeon have been receiving scholarships for the second year since 2015 from Mr. Choi. At the scholarship ceremony, Mr. Choi said, "Since graduating and working in the real world, I always felt a sense of appreciation for my school. I was barely able to sleep last night because I was excited to visit my school and meet my juniors at YU." He added, "I hope that my juniors who received the scholarships will not forget their alma mater and juniors after graduating and practice sharing with them." Kim Cheon-ya, who received the scholarship for the second year since last year said, "Not only the scholarship, but his genuine advice makes me feel just how much love he has for his juniors," and added, "As I have received his love, I also be a senior who practices love for juniors after I graduate" as she thanked Mr. Choi. Meanwhile, Mr. Choi has donated a total of 360 million won including 100 million for the school development fund since 2007 for development funds and scholarships, and has spared no effort to show his support YU and his juniors.
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YU President Noh Seok-kyun visits major universities in Norway, Netherlands and Spain to sign MOU and agree on academic exchange Continuously expanding global partnership with major universities and research institutes in Europe, South America and China [February 19, 2016] <YU President Noh Seok-kyun visited the University of Stavanger in Norway and signed an exchange MOU with President Marit Boyesen.> YU (President Noh Seok-kyun) is expanding its global education and research network by signing academic exchange MOUs with major universities in Europe. YU President Noh Seok-kyun and External Cooperation Office Director Park Jae-hong visited four universities in three European countries such as Norway, Netherlands and Spain from the January 26 to February 4, prior to the Lunar New Year holidays and signed MOUs on research cooperation and human exchange. On the 28th of January, YU President Noh Seok-kyun started off his trip in Europe by visiting the University of Stavanger in Norway and met with President Marit Boyesen to sign an agreement for exchange in educational and research activities in the engineering sector. On the next day of the 29th, he visited Zuyd University of Applied Sciences in the Netherlands and met with President Karel van Rosmalen and signed an MOU on academic exchange at the University level(photo on the right). On the 1st, Mr. Noh's group visited the Amsterdam University of Applied Sciences in the Netherlands, which YU has sisterhood relationships with, and agreed to continuously share the educational and research statuses and systems of each university and to expand exchange and cooperation. Mr. Noh's group then went to Universidad Carlos III de Madrid in Spain as their final stop to hold in-depth discussions for research cooperation and human exchange in various academic fields including engineering. <YU President Noh Seok-kyun gives a souvenir to Amsterdam University of Applied Sciences Department of Commerce and Economics Willem Baumfalk.> In particular, Universidad Carlos III de Madrid that YU pursued exchange cooperation with is a national university with 19,000 students located in Madrid, Spain, and its business, economics and law departments are judged to be in the top position in all public and private universities in Spain. YU President Noh Seok-kyun, who returned after a busy schedule of visiting four universities in three different countries in a short period of time, said, "We made a cornerstone for expanding exchange with major universities in Europe by signing academic exchange agreements with universities in Norway, Netherlands, and Spain." He added, "We will accelerate actual exchange and cooperation so that we can raise up the education and research level of each university to world-class standards." Meanwhile, YU visited prestigious universities and acclaimed research institutes in Europe such as Oxford of England, Strasbourg University of France, and Fraunhofer Gesellschaft of Germany to sign MOUs on student exchange and joint research last year in February. In May, YU visited the Universidad Nacional Autonoma de Mexico and Technologico de Monterrey Campus Querataro and agreed upon not only academic exchange such as faculty and student exchange programs, but also operating cultural exchange programs between the two countries. In August, YU visited major universities and government institutes in China such as the Chongqing University of Technology, Chongqing University, and the Chongqing Changshou Qu people's government to sign MOUs on exchange and cooperation, thereby continuously expanding global partnerships in Europe, Central and South America, and China.
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'New material production technologies for medicine' developed by Professor of Chemical Engineering Kim Sung-cheol transferred to companies Agreed to receive ‘400 million won in technology fees + 4% operational profits’ Fruit of research-oriented industry-academic cooperation, expected to be commercialized within 2 years [February 18, 2016] <Technology transfer contract signed between YU and Hyunwoo Tech on the 18th> A local company will pursue future new businesses using the outstanding technologies possessed by YU (President Noh Seok-kyun). The 'bio-compatibility polymer film for adhesion prevention film and bio-compatibility polymer film production method' developed by Professor of Chemical Engineering Kim Sung-cheol was transferred to a company and will be pursued for technological commercialization. At 2 p.m. on the 18th at the reception room of the YU President, a signing ceremony for technology transfer with the participation of Hyunwoo Tech and the Korea Technology Finance Corporation Daegu Technology Convergence Center was held to begin full-fledged technology commercialization. At the signing ceremony were present YU President Noh Seok-kyun, Industry-academic Cooperation Team Director Park Jin-ho, Professor of Chemical Engineering Kim Sung-cheol, Hyunwoo Tech CEO Lee Nam-shik, Medical Instrument Business Department Director Kim Jin-woon, Korea Technology Finance Corporation Yeongnam Sales Division Director Kwak Young-cheol, etc. and they agreed to cooperate for the successful technology commercialization. Hyunwoo Tech, which is located in Yangsan, Gyeongnam, is pursuing the medical instrument sector as its future new business. The company verified the excellence of the technology by participating in a technology transfer seminar held by the YU Technology Transfer Commercialization Center and has continuously discussed technological transfers and commercialization with YU since last year. This patented technology possessed by YU is a medical material manufacturing technology for making bio-compatible films that can prevent side effects such as colon adhesion during surgery. Through this technology transfer agreement, YU will receive not only 400 million won for technology fees, but also a technology commission of 4% of operating profits for 10 years from the date of commercializing this technology. The market for medical organ adhesion prevention films is about 3 trillion won worldwide, and 100 billion won in Korea (as of 2014), and it is expected that it will create considerable additional value. Professor Kim Sung-cheol who developed the patented technology said, "It is expected that the adhesion prevention polymer film will be used widely as medical materials as it is cheaper than existing materials and has almost no side effects." He added, "We will commercialize it within the next two years through R&D cooperation with companies." YU was selected for the 'college creative asset commercialization support project' supervised by the Ministry of Education and National Research Foundation and will receive 770 million won every year for three years for a total of 2.3 billion won. It is pursuing commercialization of intellectual properties and outstanding technologies possessed by the university with government support. YU is focused on commercialization in the renewable energy, pharmaceutical bio and treatment devices and diagnosis sectors. YU President Noh Seok-kyun said, "This is the fruit of the outstanding technologies and research capacities of YU through industry-academic cooperation', and added, "Through continuous industry-academic cooperation in various fields, we will not only gear towards the mutual growth of our university and corporations, but also provide a new growth engine for Korea." Meanwhile, this technology transfer agreement was mediated by the Korea Technology Finance Corporation Daegu Technology Convergence Center, and supported technology fees and corporate operation funds.