LG Electronics is designated as a KU Crimson Enterprise to promote industry-academia synergy and signs a five-year industry-academia cooperation agreement with KU
Korea University has designated LG Electronics a ‘KU Crimson Enterprise’ with an aim to bolster its role as a research-oriented university by promoting industry-academia partnerships.
Korea University held a ceremony to appoint the new KU Crimson Enterprise and award a signboard and nameplate to the company’s representative and executives on June 19 at 5:30 pm at the Multimedia Room (Hana Square). Under the slogan of “The Technology-driven Company Taking the Lead with Korea University,” the KU Crimson Enterprise Project, a family business policy developed by Korea University, aims to provide top-class industry-academia cooperation services and support to designated corporations.
Since Korea University designated L&P Cosmetics as its first KU Crimson Enterprise in August 2017, the University has been continuing its efforts to collaborate with small- and large-sized companies to major in various industries, including machinery, manufacturing, bio, and electronics, all of which have developed exceptional technologies. Korea University has pledged to mutually grow with the companies by playing a role of a partner of open innovation. KU Crimson Enterprises are selected from among more than 1,500 companies that have been carrying out various collaboration activities with Korea University based on their technological excellence. Once designated, they can receive quality services provided by Korea University’s unique business support platform.
In addition to the appointment ceremony, Korea University signed a five-year industry-academia cooperation agreement with LG Electronics’ CTO L&A Center and the Air Solution R&D Lab.
The event was attended by the representatives of LG Electronics, including Simoon Jeon, VP of L&A Center; Baekyoung Jeong, Executive Managing Director at the AC R&D Lab; Myeongryul Lee, Director of the Generic Technology R&D Lab; and Yoonjae Hwang, researcher at the H&A Air Solution R&D Lab; as well as KU faculty members, including Jintaek Chung, Dean of College of Engineering; Yongchan Kim, Director of Office of Research Planning; and 17 professors from the Department of Mechanical Engineering and the Department of Material Science and Engineering.
Before the agreement ceremony, Korea University had an exchange meeting with LG Electronics, which started with a tour of six major research labs on campus. The four-and-a half hour long event was composed of information sharing about the progress of ongoing industry-academia cooperation projects, discussions on the themes of industry-academia research projects, and concluded with the signing the of agreement. During the exchange meeting, 16 new research projects were proposed—10 by Korea University, and six by LG Electronics. In addition, LG Electronics’ HR Team held a recruiting event for KU students to grow the company’s talent pool. LG Electronics also donated LG’s OLED TVs, which will be installed in the College of Engineering building after July.
At the agreement ceremony, Vice President Jeon of the L&A Center said, “The two organizations have continuously been carrying out collaborative activities. I hope the signing of this five-year agreement will help LG Electronics and Korea University establish an even stronger partnership and become globally-renowned institutions.”
Since 2014, LG Electronics and Korea University have been holding industry-academia cooperation meetings, conducting a wide variety of activities, such as joint research projects, guest lectures, and consulting, as well as Target Lab and Campus Recruiting, activities aimed at attracting talent. The five-year industry-academia cooperation program is expected to further facilitate exchanges between the two organizations.