The Korean Ministry of Education, Science and Technology is inviting excellent scholars and researchers from around the world to establish new academic programs and conduct joint research at Korean universities in the field of emerging technologies.

What is the World Class University project?
The World Class University project is a higher education subsidy program of the Korean government, which invites international scholars who possess advanced research capacities to collaborate with Korean faculty members and establish new academic programs in key growth-generating fields. With a vision to enhance the competence of Korean universities and nurture high-quality human resources, the WCU project seeks to achieve the two following goals:

Enhance national, higher educational and industrial competitiveness in inter-disciplinary fields
Transform Korean universities into world-class research institutions

Which fields does the WCU project support?
Focus is placed on supporting new growth-generating technologies that will spearhead national development. The ministry will give highest priority to inter-disciplinary studies that consolidate the fields of basic sciences and humanities & social sciences which will contribute to national, social and academic development.( the following examples are not exhaustive).

Who is eligible for WCU participation (foreign scholars)?
All faculty members/researchers employed at a university, research institute or enterprise outside Korea are eligible to apply (regardless of nationality).

What does the WCU subsidy cover?
For types 1 and 2, the Korean government provides a competitive annual salary, research grants, and lab establishment expenses etc for each foreign scholar.
For type 3, the government provides an annual salary for foreign scholars and also provides research grants for joint research projects carried out with Korean scholars.

More info at http://www.kosef.re.kr