The Managerial Data Science Association (MDSA) held its founding general meeting on Saturday, August 27, 2022.

KAIST technology management professor Choi Ho-yong, president of the society, as well as Kookmin University College of Economics professor Kim Jae-jun and Korea University technology management professor Kim Jong-myeon were appointed as directors. In addition, Professor Kyunghwan Lee of the Swiss Institute of Artificial Intelligence (SIAI), director of the Global Institute of Artificial Intelligence (GIAI) research institute, will serve as auditor.

Four professors announced that they established the society through MDSA for the purpose of supporting the application of data science to corporate management. In particular, the main purpose of establishing the society is to conduct specialized journals, academic seminars, and basic education to improve Korea’s AI reality, which focuses on simple computer programming.

The society initially held the founding general meeting in April, but announced that it held the second founding general meeting in accordance with the demands of Seoul City Hall, the licensing agency. The society is about to receive approval for establishment as a non-profit corporation from the Ministry of Trade, Industry and Energy through Seoul City Hall.