KAIST and NYU celebrate wide-ranging cooperation agreement

KAIST and New York University (NYU) celebrated a wide-ranging agreement between the two universities on Wednesday in New York. The two universities signed a memorandum of understanding in June. Cooperation will begin with a number of joint ..

New York Mayor Eric Adams, right, and KAIST President Lee Kwang-hyung pose for photos after a celebration ceremony held at the Kimmel Center at New York University on Wednesday. [KAIST-NYU]

KAIST and New York University (NYU) celebrated a wide-ranging agreement between the two universities on Wednesday in New York.

The two universities signed a memorandum of understanding in June. Cooperation will begin with a number of joint research projects involving a total of 50 faculty members.

Space will be provided on both campuses for the initiative. NYU has set aside space in One Metrotech Center, Brooklyn.

The two hope to establish joint undergraduate degree programs, and KAIST hopes to establish a campus in New York.

A celebration ceremony was held at the Kimmel Center, Manhattan, and attended by New York Mayor Eric Adams, NYU Chairman of the board William Berkley, NYU President Andrew Hamilton, Korea's Minister of Science Lee Jong-ho and KAIST President Lee Kwang-hyung.

KAIST will help the Ministry of SMEs and Startups and the Korea SMEs and Startups Agency establish a start-up incubating center within NYU. The heads of KAIST and NYU met with Startup Minister Lee Young at the Kimmel Center on Tuesday, local time.

"It's important that start-ups get to start at a location where innovative technologies are concentrated," Lee said. "We are sure that NYU will be a good partner for us, in terms or both technology and capital."

BY YOON SO-YEON [yoon.soyeon@joongang.co.kr]