On March 27, Professor Yong-geun Choi (Graduate School of Computer Science Engineering, Head of the I-DASAN LINC+ project group Wearables Industry Center) donated 200 million KRW, asking DKU president Hosung Chang to use the funds for the advancement of the Department of Applied Computer Engineering. Professor Choi donated a significant portion of his personal profits from NEOFECT, the smart rehabilitation medical device company where professor Choi serves as CTO (Chief Technology Officer), after it successfully went public on KOSDAQ.
NEOFECT has been in the spotlight in the U.S. homecare market after developing the ‘RAPAEL Smart Glove’ which offers rehabilitation services to patients by automatically measuring the movement of their fingers as well as the ‘smart pegboard,’ which received the CES (Consumer Electronics Show) Innovation Award 2 years in a row (2017~2018). Recognized for its outstanding technology, NEOFECT passed screening for IPO last November and was listed on KOSDAQ.
In addition to this, Professor Choi said that over the course of the next 10 years he would also donate the fees he receives from transferring the ‘smart LED glasses technology’ to NEOFECT, which is estimated to reach at least 100 million KRW in total.
“After jointly founding NEOFECT, the company received ample assistance from the Dankook Startup Support Foundation in terms of source technology development, business support and evaluations of product quality and consulting,” explained Professor Choi for why he made the donation. He expressed hopes for it to be used in creating a smart system for the learning environment at Dankook University.