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South Korean KAIST Sets up Advisory Board to Help Domestic Companies

The Korea Advanced Institute of Science and Technology formed an advisory panel to support domestic companies that are struggling after Japan increased control over the export of materials to South Korea in early August.

“Price-saving measures, as well as technical options, will be ready within the next six months, and companies are also very keen about it,” said Kong Hong-jin, a KAIST physics professor and authority on a laser.

Consisting of former and incumbent KAIST professors, the advisory panel was formed on Aug. 5 to support home corporations to develop source technologies for materials, components, and equipment. Different institutions are following suit. The Gwangju Institute of Science and Technology and the Ulsan National Institute of Science and Technology (UNIST) have announced their plans to form an advisory panel while other universities, including the Pohang University of Science and Technology, created their very own advisory boards to help communities.

Any Korean firm that needs to have consultations can apply to the application center, which can then be reviewed by experts who provide customized advice.

This step was met with excellent interest from South Korean companies. The number of applications came at 159 as of Oct. 4. Most of the applicants wanted advice on the fields that are likely to be hit by Japan’s new trade constraints such as photoresist, semiconductor process gear, and low thermal expansion fluorinated transparent polyimide.

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