Klaus Schwab Conferred Honorary Doctorate by KAIST
Executive chairman of the World Economic Forum cited for his contribution to improving the global economy
Professor Klaus Schwab, founder and executive chairman of the World Economic Forum, was awarded an honorary doctorate at KAIST.
In a ceremony that took place on September 7 at the Fusion Hall of the KI Building at KAIST’s main campus in Daejeon, President Sung-Mo “Steve” Kang conferred the Honorary Degree of Doctor of Science to Prof. Schwab. The ceremony was attended by over 200 students, KAST faculty members, and Jang-Moo Lee, Chairman of the KAIST Board of Trustees.
“It is a great honor to receive this honorary doctoral degree from KAIST, an institution that is known for academic excellence and the role it has played in helping Korea achieve a level of modernization in a matter of decades that the Western world took over a century to achieve,” Professor Schwab said.
Professor Schwab was cited for his forward-looking vision and outstanding leadership, with which he has cultivated the World Economic Forum, seeing it grow into a global organization during the past four decades, contributing significantly to improving the global economy, as well as to resolving international conflicts.
Professor Schwab, who was born in 1938 in Germany, had a distinctive academic career before creating the World Economic Forum. He earned two doctorates – one in engineering from the Swiss Federal Institute of Technology (ETH) in Zurich and the other in economics from the University of Fribourg, Switzerland. He also studied at Harvard University, where he earned a Master in Public Administration. In 1972 he became one of the youngest professors at the University of Geneva, where he taught business policy for over 30 years.
In 1971, Schwab founded the World Economic Forum as a not-for-profit foundation committed to improving the state of the world, later building it into today's global partnership of business, political, and intellectual leaders.
In 1998, Schwab founded the Schwab Foundation for Social Entrepreneurship, a non-profit organization based in Geneva, Switzerland, and in 2004, he created the Forum of Young Global Leaders, which is aimed at bringing together over 500 people under 40 from all walks of life who have demonstrated commitment to improving the state of the world.
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