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What is the Master of Entrepreneurship & Innovation degree?

  • This is a degree program officially recognized by the Ministry of Education.
  • Master’s degrees at KAIST are categorized into academic and professional degrees. Academic master’s degrees consist of Master of Science, Master of Engineering, and Master of Business Administration; professional master’s degrees consist of Professional Master of Engineering and Master of Entrepreneurship and Innovation.
  • Master of Entrepreneurship and Innovation is a one-year professional master’s degree program associated with 20 departments at KAIST, with a focus on practice-centered problem-solving education, instead of the existing research-centered education, for the acquisition of knowledge related to entrepreneurship and business startup.

What is the title of the degree?

  • Korean: 창업융합전문석사
  • English: Master of Entrepreneurship &Innovation
    ※ General master’s program: Master of Science
  • Degree conferment: By each (participating) department-in-charge

Can graduates of master’s or doctoral programs apply for the Master of Entrepreneurship & Innovation?

Yes. Those falling under any of the following are encouraged to apply.

  • Bachelor’s degree holders or students expecting to obtain degrees before admission
  • Bachelor’s degree holders from overseas universities or students expecting to obtain degrees from overseas universities before admission
  • Persons deemed by the Minister of Education as having educational qualifications equal to the above

May I change my major when enrolling in this program?

  • Yes.

Can I apply for the program even if I am currently starting a company?

  • The Master of Entrepreneurship & Innovation program accepts students as “KAIST Scholarship Students” or “General Scholarship Students”.
  • Applicants who are affiliated with an organization (applicants who are economically active) can only apply as a "General Scholarship Student", which means they must apply for fields (departments) that are recruiting “General Scholarship Students“ under the general master’s degree program.
  • If an applicant is affiliated with an organization when they submit their admission application but plans to leave the organization before enrollment, they can apply for the Master of Entrepreneurship & Innovation program as a “KAIST Scholarship Student”. Admission is not allowed for applicants taking a leave of absence from their affiliated organization; the applicant must have “resigned” from the organization. If it is discovered that an applicant who entered as a “KAIST Scholarship Student” is still affiliated with an organization, the applicant’s admission will be revoked.

Can I complete 33 credits in one year?

  • Yes, you can complete 33 credits to fulfill the graduation requirements in one year (limit on enrolled semesters) by taking 15 credits in each regular semester (spring/fall), and 3 credits in the summer/winter semesters.

Can I retake courses for any F received?

  • You may not re-take the same course unless your grade for a mandatory course is F.

Can I take another major course?

  • Yes, However the requirements for graduation do not include courses from other majors.

What is the maximum number of semesters?

  • The maximum number of years for course enrollment is one year, and the maximum number of years for graduation is two years.
  • Semesters exceeding the limit: Students are charged tuition for exceeding the maximum number of semesters from their third semester, after the 1 year limit has been exceeded.
  • Tuition for students exceeding the maximum number of semesters: KRW 924,000 / semester (as of 2021)

How much is the tuition?

  • The student payment portion of tuition fees for KAIST scholars in 2021 are as follows.
  • Student payment
    ▷Tuition to be paid by the student: 750,000 won/semester
    ▷Tuition for students exceeding the maximum number of semesters: KRW 924,000 / semester (Only for students exceeding the maximum number of semesters)
  • K-School support
    ▷ Tuition: KRW 3,598,000 / semester
    ▷ Supported for one year (two semesters)
  • Tuition fee decision: Tuition fees for the following academic year are decided at the end of the current year and the student payment portion is subject to change.

How are dormitories provided?

  • Dormitory space: Two on-campus dormitory buildings (50 m2 for three persons)
  • Fees: KRW 104,000/month (Room assignment and payment every six months)

How are advisors assigned?

  • Students are assigned one K-School faculty member and one faculty member of the participating department as co-advisors.
  • Co-advisors are assigned upon agreement by the participating department and K-School, and students do not contact their desired advisors individually.
  • The period of assignment of co-advisors shall be announced at a later date.

Are laboratories provided upon admission? Which laboratory will I join?

  • You will join a laboratory under the department faculty in charge. Additionally, a K-School entrepreneurial activities room will be assigned to each team.

Can I launch startups while enrolled as a student?

  • Yes. However, you must obtain prior approval for extracurricular activities from your advisor and KAIST.
  • There is a special academic leave of absence for starting businesses. Refer to notices > academic schedule/information for more details on leaves of absence.

Are technology startups the only option in the Master of Entrepreneurship & Innovation program?

  • No, you are free to pursue other kinds of ventures.
  • However, we recommend technology startups, as having a unique technology will enhance your competitiveness and potential for growth.

Until when will the Master of Entrepreneurship & Innovation program be offered?

  • The Master of Entrepreneurship & Innovation is not a temporary program operated on government funding. It is a regular degree program like other graduate-level programs.

When is it best to launch my startup? After earning my undergraduate or graduate degree?

  • You can launch your startup at any time. The circumstances and opportunities would vary widely depending on the time of your graduation from a bachelor’s/master’s/doctoral program.
  • There is a relationship between startup timing and obtaining a degree if your startup is based on the results of a dissertation research project. Then a better time would be after earning your master’s or doctoral degree.