This honour will be bestowed on him in recognition of his work in the field of science, in particular his efforts to promote corporate social responsibility and for the concept of multi-stakeholder cooperation, which he originated in 1971.
Before creating the World Economic Forum, Professor Schwab had a distinctive academic career, earning two doctorates – one in engineering from the Swiss Federal Institute of Technology (ETH) in Zurich and the other in economics (summa cum laude) from the University of Fribourg, Switzerland. He also studied at Harvard University, where he read 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.
The ceremony will be attended by over 200 students, KAIST faculty members, Jang-Moo Lee, Chairman of the KAIST Board of Trustees, and Mayor Seon-Taek Kwon of Daejeon. “Klaus Schwab, through his forward-looking vision and outstanding leadership, has cultivated the World Economic Forum into a global organization, contributing significantly to improving the global economy as well as to resolving international conflicts,” said Sung-Mo “Steve” Kang, President of KAIST.
“It is a great honour to receive this honorary doctoral degree from KAIST, an institution which is known for academic excellence and the role it has played in helping South Korea achieve the level of modernization in a matter of decades that the western world took over a century to achieve,” Professor Schwab said.
At the ceremony, Professor Schwab will give a speech on the “Impact of Disruptive Forces on Our World” and will elaborate on how technological and geopolitical development is shaping global, regional, national and industry agendas.