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Korean has been named president of Bell Labs, the world's biggest
corporate research institute which has produced 11 Nobel Prize winners.
Dr. Jeong Kim, 44, is a venture businessman who went to the U.S. in
search of the American Dream.
"Jeong Kim, the former chief executive and founder of Yurie
Systems, which Lucent acquired in 1998, will rejoin Lucent as president
of Bell Labs. He will succeed Bill O'Shea, who is retiring after 33
years of service to the company," the company operating the lab said
Wednesday. Bell Labs was founded in 1925 taking its name from Alexander
Graham Bell, the inventor of the telephone. Originally attached to the
largest U.S. communication firm of the same name, it is now part of
communication equipment maker Lucent.
"With his considerable experience, entrepreneurial spirit and
proven track record in both commercializing new technology and leading
high-performance technical teams, [Kim] will help ensure that Bell Labs
continues to provide Lucent with a competitive advantage,Ħħ Lucent CEO
Patricia Russo said. Kim founded the ATM and networking company Yurie Systems in
1992. In 1998, Lucent bought Yurie Systems for US$1 billion, and Kim
was named in Forbes' list of the top 400 magnates. After Lucent took
over his company, Kim served as president of Lucent's Broadband Carrier
Networks and its Optical Networking Group.
He also became co-owner with Michael Jordan of the NBA's
Washington Wizards in 2001, and was appointed a professor of electrical
engineering professor at the University of Maryland in 2002. Last year,
he gave US$2 million to Stanford University to establish a chair in
Korean studies.
Kim emigrated to the U.S. in 1975, when he was a junior in
middle school, earning his bachelor's degree in Electrical Engineering
and Computer Science and master's degree in Technical Management from
Johns Hopkins University, and his Ph.D. in Reliability Engineering from
the University of Maryland. He served as an officer in the U.S. Navy
for seven years from 1984.
(englishnews@chosun.com )
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