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What is a master’s degree of entrepreneurship and innovation?

  • This degree is 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 18 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 official degree title?

  • Degree title: Master of Entrepreneurship & Innovation
    ※ General master’s program: Master of Science
  • Degree conferment: By each relevant (participating) department

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 graduate in February 2017
  • Bachelor’s degree holders from overseas universities or students expecting to graduate in February 2017 from overseas universities
  • Persons deemed by the Minister of Education as having qualifications equal to the above

May I apply to the program under a different major?

  • Yes.

Can I apply if I am involved in a startup?

  • The Master of Entrepreneurship & Innovation accepts students as KAIST scholars. You may not apply if you are affiliated to a startup.
  • However, you may apply if you have no affiliated organization at the time of application.
    - You may choose to apply if you have an affiliated organized at the time of application but are willing to resign upon admission.
    - Admission shall be granted only if you have resigned, and not if you are on a leave of absence.
    - Your admission shall be cancelled if you are found to have an affiliated organization.
  • Candidates involved in economic activities may only apply as general scholars to general master’s programs.

Can I pursue a doctoral degree upon completion?

  • Yes, you can pursue a doctoral degree at KAIST, and have credits recognized for the doctoral program if you remain in the same department.
  • If applying to programs outside of KAIST, check with the respective admissions teams of universities you are interested in.

How are courses run?

  • Major courses are organized and offered by the K-school and participating departments.
  • K-School provides a total of nine courses, consisting of one mandatory general, one mandatory major, five electives, and two research courses. For more details, refer to K-School website > Master of Entrepreneurship & Innovation > “Graduation Requirements” / “K-School website > Courses" ”
  • To receive the master’s degree in entrepreneurship & innovation, you must complete at least 33 credits, including at least 12 credits under K-School and at least 12 credits under the participating department.

Can I complete 33 credits in one year?

  • Yes, you can complete 33 credits in one year by taking 15 credits in each regular semester (spring/semester), and 3 credits in the summer/winter semester.

Can I substitute grades from other courses for any F received?

  • It depends on the course type. See below for more information.
    ▷ Mandatory courses (Mandatory general CC533 Entrepreneurial Leadership, mandatory major KEI501 Advanced Multidisciplinary Capstone Design): Can be repeated if prior grade is F
    ▷ Research (KEI966 Startup Management Practice, KEI998 Startup Onsite Practicum): Can be repeated until S is awarded if prior grade is U
    ▷▷ Elective (5): Elective courses cannot be repeated, except for “KEI550 Entrepreneur’s Toolbox.”
    - There are five electives beginning with the code KEI.
    - “KEI550 Entrepreneur’s Toolbox” can be substituted with research credits.
    - Among the four electives “KEI520 Advanced Entrepreneurship”, “KEI530 Startup Finance”, “KEI540 Startup Marketing”, “KEI580 Special Issues: Entrepreneurship & Innovation,” up to nine credits (three courses) of “KEI580 Special Issues: Entrepreneurship & Innovation” are recognized if offered under different subtitles.
    - Students must complete three out of the above six elective courses to fulfill the minimum of eight credits.
  • 교과목 재수강 가능 여부
Course Classification Course No. Code Course Title L:L:C Professor Semester Mutual Recognition of Credits Course Retake
Mandatory general CC533 B9.533 Entrepreneurial Leadership 3:0:3 Department faculty Spring, fall Yes Yes
Mandatory major KEI501 B9.501 dvaced Multidisciplinary Capstone Design 2:6:4(4) 박수경 외 6인 Spring, fall No Yes
Elective KEI520 B9.520 Advanced Entrepreneurship 2:3:3 안성태 Spring, fall Yes No
Elective KEI530 B9.530 Startup Finance 3:0:3 안성태 Spring, fall Yes No
Elective KEI540 B9.540 Startup Marketing 3:0:3 Department faculty Spring, fall Yes No
Elective KEI550 B9.550 Entrepreneur‘s Toolbox 2:3:3 송락경 외 학과 교수 Spring, fall Yes No (Substitute with research credits)
Elective KEI580 B9.580 Special Issues: Entrepreneurship & Innovation 3:0:3 Department faculty Spring, fall Yes No
[Up to 9 credits (3 courses) recognized for different subtitles]
Research KEI966 B9.966 Startup Management Practice 1:0:1 Department faculty Spring, fall No Yes
(Repeat until “S” is awarded if prior grade is “U”)
Research KEI998 B9.998 Startup Onsite Practicum 0:6:2 Department faculty Spring, fall No Yes
(Repeat until “S” is awarded if prior grade is “U”)

Can I take another major course?

  • Yes, However requirements for graduation do not include other major subjects.

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.
  • Excessive hours: Students are charged tuition for exceeding the maximum number of semesters from their third semester.
  • Tuition for students exceeding the maximum number of semesters: KRW 924,000 / semester (as of 2016)

How much is the tuition?

  • Tuition fees set for KAIST scholars in 2016 are as follows.
  • Fees that the student will burden
    ▷ Admission: KRW 353,000 / Upon admission
    ▷ Tuition: KRW 450,000 / 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)
  • Setting of tuition: Tuition fees for the following academic year are set at the end of the current year.

How are dormitories provided?

  • Dormitory space: Two on-campus apartments (50 m2 for three persons)
  • Fees: KRW 94,000/month (Room assignment and payment every six months)

Are graduates of professional master’s programs eligible to serve as technical research personnel?

  • Those who have received the master of entrepreneurship & innovation may be selected as technical research personnel at designated research institutes.

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.
  • 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, and K-School entrepreneurial activities will be assigned accordingly.

Can I launch startups while enrolled as a student?

  • Yes. However, you must obtain prior approval from your advisor and the university.

Are technology startups the only career option after completing the Master of Entrepreneurship & Innovation?

  • No, you have various options other than technology startups.
  • Technology startups are recommended as they can be more competitive and have a greater potential for growth.

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

  • The Master of Entrepreneurship & Innovation is a professional master’s program funded by the government. It is not offered on a temporary basis.
  • The Master of Entrepreneurship & Innovation is a regular for-degree program like other graduate-level programs.

When is it best to launch startups? After earning my bachelor’s degree or master’s degree?

  • You can launch startups at any time depending on your field and other circumstances that vary by individual.
  • If your startup is closely related to the results of a graduate research project, a better time would be after earning your master’s or doctoral degree.