This is one of the important documents relevant to Prof. Laughlin's KAIST presidency.

Scans of Original Document - Received 27 Oct 04.

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Report on KAIST Parents Association and its Budget

October, 2004
Secretariat of KAIST Parents Association


1. Organization and Operation

A. Organization:
KAIST Parents Association, consisting of KAIST students' parents, is organized to create an excellent academic environment by supporting educational facilities and activities which can't be financed out of insufficient government budget and to contribute to the strengthening of the relationship among parents, industry and KAIST.
B. Decision Making:
The Associations's Board of Trustees are composed of 14 selected representatives of parents and KAIST administrators, including an auditor, separately from the KAIST Board of Trustees. It reviews and approves the fee rate, annual plan and budget, result of budget execution, etc.
C. Members of the Board of Trustees:
Chairman Hong Young-chul KISWIRE, Chairman & CEO
Vice Chairman Lee Cheol-su Kyungwon University, Professor
Trustee Yoon Joo-hwan Paradigm Shift Education Center, President
Trustee Lee Bong-hoon Choon-cheon Department Store for Recycled Goods, CEO
Trustee Song Ho-keun YG-1 Inc., President
Trustee Park Seong-soon G & F Technology Investment, Chairman
Trustee Chung Hang-gu MC Technology, President
Trustee Lee Seung-woo MEDISON, CEO
Trustee Kim Gei-han Audiobox International, CEO
Trustee Choi Gi-ryun Daewoo Institute for Advanced Engineering, President
Ajou University, President
KAIST Robert B. Laughlin President
KAIST Ro Young-hae Dean of Student Affairs
KAIST Lim Tae-sung Director of Administration
Auditor Kwak Yoon-kun KAIST Mechanical Engineering Department, Professor

2. Collection of Fees:

A. Students Responsible for Paying Fees:
(1) Undergraduate Students
(2) Graduate Students
(a) KAIST scholarship students whose educational expenses come from the funds of external organizations other than the government or research grants.
(b) General scholarship students whose educational expenses are covered by industrial research institutes or educational institutions.
(3) 2004
Number of students responsible for payment of fee, effective spring semester 2004 (subject to change due to temporary absence from school or withdrawal throughout the academic year).
(a) Main Campus in Daejeon:
1) Undergraduate: 2,525
2) Master's: 109
3) Doctorate: 372
(b) Graduate School of Management in Seoul:
2) Master's: 97
3) Doctorate: 31
B. Process of Determining Fee Rate:
Review by KAIST Budget Committee --> Approval from the Associations' Board of Trustees --> Collection of free every semester.
C. Fee Rate Per Semester for Academic Year 2004:
(1 US $ = KRW 1,200)
Classification KRW US $
Undergraduate Freshman 865,000 721
Sophomore 865,000 721
Junior 788,000 657
Senior 788,000 657
Master's Main Campus
(Daejeon)		 1st-year Student 2,003,000 1,669
2nd-year Student 2,003,000 1,669
KGSM
(Seoul)		 1st-year Student 2,383,000 1,986
2nd-year Student 2,383,000 1,986
Doctorate Main Campus
(Daejeon)		 1st-year Student 2,003,000 1,669
2nd-year Student 2,003,000 1,669
3rd-year Student 1,965,000 1,638
4th-year Student 1,965,000 1,638
KGSM
(Seoul)		 1st-year Student 2,383,000 1,986
2nd-year Student 2,383,000 1,986
3rd-year Student 2,338,000 1,948
2nd-year Student 2,338,000 1,948

3. Preparation and Execution of the Budget

A. KAIST Budget Committee consisting of KAIST administrators review and draw up a draft annual plan and budget.
B. The draft is submitted to the Association's Board of Trustees for approval.
C. Execution of budget approved by the Association's Board of Trustees in delegated to KAIST.
D. KAIST reports the result of budget execution to the Association's Board of Trustees.

4. Budget of Academic Year 2004 ($ 1 = KRW 1,200)

A. Revenues: KRW 7,778,587,000 ($ 6,482,150)
(1) Fees: 6,470,176,000 ($ 5,391,813)
(2) Interest: 56,200,000 ($ 46,833)
(3) Balance Forward From Last Year: 1,252,211,000 ($ 1,043,509)
B. Expenses:
(1 US $ = KRW 1,200)
Expense Authorized Officer for Execution Amount Remark
KRW US $
A. Expense for student activities and allowance for teaching and research activities.
3,093,605,000 2,578,004
(1) Subsidy for student activities.
Dean of Student Affairs 111,500,000 92,916 Student club activities, festival, etc.
(2) Prize money for students with meritorious achievement.
Dean of Student Affairs 3,000,000 2,500 Students and student clubs with meritorious achievement.
(3) Expenses for student guidance.
Dean of Student Affairs 15,000,000 12,500
(4) Expenses for student study tour.
Dean of Student Affairs 35,000,000 29,197
(5) Expenses for medical check-up and insurance.
Dean of Student Affairs 87,400,000 68,667
(6) Scholarships.
Dean of Student Affairs 40,000,000 33,333
(7) Expenses for student guidance.
Team Leader of Student Affairs 1,500,000 1,250
(8) Expenses for operating KAIST Counseling Center.
Director of KAIST Counseling Center 133,639,000 111,366 Staff salaries and operating expenses.
(9) Expenses for student life guidance.
Dean, School of Humanities and Social Sciences 62,000,000 52,167 Reading guidance for students, race event, etc.
(10) Subsidies for salaries of teaching assistants.
Dean, School of Humanities and Social Sciences 84,000,000 70,000
(11) Expenses for recruiting new faculty.
Dean of Academic Affairs 22,000,000 18,333 Air fare and accomodation expense for prospective faculty.
(12) Expenses for recruiting the gifted students.
Dean of Academic Affairs 62,300,000 51,997 Presentations about admissions to KAIST, enrolled students' visit to their Alma mater.
(13) Expenses for evaluation of departments.
Dean of Academic Affairs 28,000,000 23,333 Department evaluation, leadership program.
(14) Expenses for evaluation of institution and administrative officers.
Team Leader of Management Assessment 47,590,000 39,658
(15) Expenses for publicity activities.
Dean of Planning 361,500,000 301,250
(16) Expenses for developing academic policies.
Dean of Planning 100,100,000 83,333
(17) Expenses for purchasing books and journals.
Director of Academic Information 656,000,000 546,667
(18) Expenses for network maintenance.
Director of Academic Information 30,320,000 25,267
(19) Expenses for purchasing computer equipment.
Director of Academic Information 76,400,000 63,667 Purchase of computation equipment and software
(20) Expenses for safety and risk control.
Director of Administration 204,618,000 170,515 Operation of campus police (wages)
(21) Expenses for athletic facilities.
Director of Administration 360,000,000 300,000 Improvement of the undergraduate playground and purchase of sporting goods.
(22) Expenses for academic activities.
Director of Secretariat of Parents Association 25,000,000 20,833 Expenses for President and Vice President.
(23) Expenses for KAIST Computational System.
Director of Information Systems Research Institute 413,000,000 344,167 Wages, etc.
(24) Expenses for operating Center for the Gifted Students.
Director of Center for Gifted Students 107,233,000 89,635 Training of students and teachers from high science high schools.
(25) Expenses for International Cooperation and Exchange.
Dean of Public and International Relations 31,000,000 25,833 Establishment of international center, field trip for international students, etc.
B. Subsidy for Faculty and Staff.
3,222,940,000 2,685,783
(1) Subsidy for salaries of faculty and staff.
Team Leader of Human Resources and Management 2,956,980,000 2,464,150
(2) Allowance for Administrators.
Director of Secretariat of Parents Association 265,960,000 221,633
C. Expenses for operation and management of secretariat of Parents Association.
76,809,000 64,008
(1) Expenses for operation and management
Director of Secretariat of Parents Association 76,809,000 64,008 Staff Salaries and expenses for operation and management of secretariat.
D. Contingency reserve.
Director of Secretariat of Parents Association 147,800,000 123,167
Total 6,541,154,000 5,450,962

KAIST Graduate School of Management (KGSM) in Seoul
A. Subsidy for operation of KGSM.
Director of Secretariat of Parents Association 400,000,000 333,333 Expenses for operating KGSM
B. Subsidy for salaries of faculty and staff.
Team Leader of Human Resources and Management 190,684,000 158,903
C. Allowance for administrators.
Director of Secretariat of Parents Association 21,020,000 17,517
D. Expenses for activities of Dean of KGSM.
Director of Secretariat of Parents Association 5,000,000 4,167
E. Contingency reserve.
Director of Secretariat of Parents Association 620,729,000 517,274
Total 1,237,433,000 1,031,194