The Managerial Data Science Association (MDSA), chaired by KAIST technology management professor Ho-yong Choi, announced on February 9 that it had received permission to establish an incorporated association from Seoul City Hall. Subsequently, the corporation was established on March 9th.

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.

With the private contribution of SIAI Professor Gyeong-hwan Lee, MDSA will operate a specialized journal under the academic society from April 1st. The first seminar after the establishment of the corporation is scheduled to be held in May.