Pukyong National University

Pukyong National University Selected for Regional Innovation System (RIS) Project in 'Quantum and Finance'

- Establishing Quantum and Finance Research Infrastructure and Training High-Level Experts

Pukyong National University(President Jang Young-Soo) has been selected for the 2024 Regional Innovation System(RIS) project in the quantum and finance fields.

The university's consortium, consisting of Professors Park Hee-Chul, Lee Kyu-Seop, and Lee Seung-Hoon from the Department of Physics, and Professors Kim Tae-Guk and Han Young-Seon from the Department of Computer Engineering and Artificial Intelligence was selected for the RIS project titled "Establishing a Quantum-Classical Hybrid System Research Ecosystem for Solving Financial Problems and Training High-Level Experts."

The RIS project supports local universities in the fields of quantum/finance, lifelong education, and entrepreneurship, aiming to foster joint growth between local universities and industries through the establishment of a regional innovation system in Busan.

With this selection, Pukyong National University will develop an advanced platform for quantum materials and device measurement technology through its Department of Physics. The Department of Computer Engineering and Artificial Intelligence will establish a quantum software development platform specialized in solving financial problems, thereby enhancing research infrastructure and training high-level professionals.

Quantum science and technology, which utilizes qubits with superposition properties instead of the traditional bits used in classical computers, is expected to significantly accelerate computational processing, revolutionizing various fields such as artificial intelligence and finance.

Pukyong National University consortium plans to implement several programs under this project, including △ expert seminars, △ international workshops, △ field visits to quantum research facilities, △ international personnel exchanges and dispatches, and △ the development of master's and Ph.D. training tracks.

Park Hee-Chul, the head of the project, stated, "We expect this project to serve as a foundation for integrating quantum science and technology with the financial industry, a key future industry for Busan. We will do our best to build a quantum-classical hybrid research infrastructure and train high-level professionals in Busan." <Pukyong Today>