SEOUL, February 20 (AJP) - The Korea Advanced Institute of Science and Technology (KAIST) announced on February 20 that it has awarded an honorary doctorate in business administration to Sandy Wang, Standing Member of the Formosa Group Executive Management Committee and Chair of Formosa Bio. The ceremony took place during the university's 2026 commencement exercises.
Wang was recognized for her role in leading the strategic growth of Formosa Group by prioritizing sustainability and corporate social responsibility. Following the business philosophy of the late founder Wang Yung-ching, she has steered the conglomerate beyond its traditional petrochemical manufacturing roots into sectors such as biotechnology, clean energy, energy storage systems, and resource circulation.
According to KAIST, Wang has successfully implemented a corporate model where industrial growth, scientific advancement, and talent development are closely linked. The university highlighted her efforts in building a long-term biomedical research partnership with KAIST, which included expanding research infrastructure and creating a platform for international joint projects.
A key result of this partnership was the establishment of the KAIST-Formosa Biomedical Research Center. This center serves as a hub for multidisciplinary research between Formosa Group's medical and academic institutions and the KAIST College of Life Science and Bioengineering.
Wang has also been credited with institutionalizing a system that reinvests corporate earnings back into society through consistent funding for research and education. University officials noted that these initiatives have helped create a cycle where scientific breakthroughs are effectively funneled into industrial and social applications.
In her remarks, Wang stated that she was honored to receive the degree and felt a strong connection to the university’s mission of contributing to a sustainable future through research. She expressed her hope that the students at KAIST would use their scientific training to lead global development and pledged to continue her support for long-term investments in talent and technology.
KAIST President Lee Kwang-hyung described Wang as a leader who has put scientific strategy at the center of responsible management. He added that the university valued her practical support for international cooperation and research infrastructure.
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