PACE Press Release:
GM Daewoo Helps Establish Partnership with Korea University Through PACE Program
May 4, 2006
Seoul, Korea - GM Daewoo Auto & Technology (GM Daewoo) is helping to launch a new automotive planning, design and engineering partnership in conjunction with Korea University with the opening of the PACE Center.
 PACE (Partners for the Advancement of Collaborative Engineering Education) is a corporate alliance between GM Daewoo parent General Motors, EDS, Sun Microsystems and UGS, with contributions from Alias, Altair Engineering, Fluent, Hewlett-Packard, LSTC and MSC.Software. Founded in 1999, PACE has supported more than 35 leading academic institutions in nine countries around the world through the contribution of computer-based engineering tools. Its goal is to provide students in mechanical design, engineering and analysis the practical skills they need for their professional careers.
Korea University will receive computer-based hardware in addition to engineering software such as NX, Teamcenter, MSC.Nastran and Altair HyperWorks, which are used by automakers around the globe for product planning, engineering and data management. The university also will receive technical and educational materials as well as automotive parts for student and instructor training, and academic support. The contributions are valued at approximately US$186 million.
As part of its effort to promote the development of automotive engineering and foster automotive industry talent in Korea, GM Daewoo will participate in the setting up of a product lifecycle management (PLM) education program with Korea University and PACE. PLM provides an organic connection between the development, production and aftersales service stages of a product. It is being widely adopted by the automotive industry around the world. Through the program, GM Daewoo will contribute to developing the automotive product lifecycle experts of the future. Students will be provided additional opportunities for practical learning by participating in PLM-related lectures and joint programs with GM Daewoo.
In conjunction with PACE, GM Daewoo also will host a PACE competition to give Korea University students an opportunity to utilize learnings and networking opportunities with industry experts. GM Daewoo staff will offer students feedback and support on technical presentations. Selected students will be invited to apply for positions with GM Daewoo.
Korea University will further leverage the contributions from PACE for its engineering curriculum and will provide students practical learning in engineering software used by automakers around the globe, as well as a combination of theory and application through the PACE competition.
"The opening of the PACE Center at Korea University is an extension of our commitment to Korea's automotive industry and the development of the next generation of industry professionals," said Nick Reilly, President and CEO of GM Daewoo. "By working with one of Korea's leading academic institutions, we will provide students practical experience today that will prepare them to meet the needs of industry tomorrow."
"The labor shortage currently facing Korean industry can be overcome through active industry-academic collaboration such as PACE, an international program organized by some of the world's leading companies," said Korean Minister of Commerce, Industry and Energy Sye Kyun Chung. "I expect Korea University and the PACE partners including GM Daewoo to contribute further to industrial development and the enhancement of competitiveness in Korea by strengthening their partnership and mutual cooperation."
"The PACE program represents a new model for global partnership between the academic community and industry. Through PACE, global companies provide universities state-of-the-art software as well as practical learning, which the universities leverage in their educational and research activities in order to foster industry talent," said Korea University President Yoon Dae Euh. "The global network created by this program will help increase the standard of engineering education in Korea and broaden the global reach of Korea's universities."
"PACE offers a unique combination of hardware and software to facilitate the learning of computer-aided design and engineering concepts," said Ed Shinouskis, Process Executive for EDS GM Global Product Development. "Students gain valuable experience applying these concepts as they work on industry projects. Korea University graduates will be highly skilled, knowledgeable and ready to work in an exciting field."
"The technology and systems provided by Sun Microsystems through PACE will strengthen the competitiveness of Korea University students as global talent who can lead Korea's future industry," said Won Sik Yoo, President and Representative Director of Sun Microsystems Korea. "Sun Microsystems will continue to contribute to the development of human resources and the cultivation of individuals for a variety of industries, including the automotive industry in Korea."
"Cooperation between companies and academic institutions is very important in the current environment in which an innovative global network represents corporate competitiveness," said Kyung Ryul Kwon, Vice President of Operations for UGS Korea. "As UGS manages 40 percent of the three-dimensional data around the world and participates as a partner in global innovative strategies, our contribution to PACE is very significant for us. We will continue to help institutions build cooperative systems by providing UGS's PLM Solution, which is the global industry leader."
The 100 participants at this morning's opening ceremony for the PACE Center included Korean Minister of Commerce, Industry and Energy Sye Kyun Chung; GM Daewoo President and CEO Nick Reilly; Korea University President Yoon Dae Euh; GM Daewoo Technical Center Vice President Steve Clarke; and representatives from EDS, Sun Microsystems and UGS.
Several facilities and programs were unveiled, and contributed software was demonstrated by students during the ceremony. Prior to the ceremony, Reilly gave Korea University engineering students a presentation entitled "Being Korean in a Global World."
GM Daewoo Auto & Technology has five manufacturing facilities in Korea as well as an assembly facility in Vietnam. GM Daewoo products are also assembled at GM facilities in China, Thailand, India, Colombia and Venezuela. In 2005, GM Daewoo sold in Korea and exported over 1.15 million vehicles. Its products are available in more than 150 countries. Imported GM products from the Cadillac and Saab premium brands are sold in Korea through GM AutoWorld retailers. More information on GM Daewoo and its products can be found on the company's website at www.gmdaewoo.co.kr.
*Inquiries: GM Daewoo Public Relations Department (? 02-755-4043~4, 4048)
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