In May 2008, the global corporation, Doosan Group, was incorporated as an educational institution, and Yong-Sung Park was elected as the 9th Chairman of the Board. The appointment of Chairman Park, who successfully negotiated the industry-shift of Doosan Group from consumer goods to heavy industry, symbolizes the re-birth of Chung-Ang University. Within 80 days of taking office, a meeting was held with the entire teaching staff on 27 August 2008, where the ※CAU2018+※ Mid-Term Development Plans were announced along with the new strategy direction of “Choice and Concentrate, Strengthening of Executive Ability, Establishment of Virtuous Cycle Structure”. The university thus became the first in the nation to introduce an annual salary system to 100% of university employee in order to further achieve the university’s development vision in internal members. The aim of the idea was to improve the potential of each staff by basing income strictly on one’s ability and accomplishments. Consequently, the administrative staff have been given the flexibility to actively cope with external circumstances after the conversion of the wage system from a class salary system to an annual salary system. The Degree Management System has been strengthened to encourage students to study diligently, as in order to graduate, students were required to attain a minimum level in compulsory subjects such as English and Accounting.
In order to the support this type of research, education and practice more effectively, an R&D Center for the College of Pharmacy and new Dormitories for students were constructed, the Central Library extensively renovated, and the hospital extended to fit 300 additional wards. Thus, the plans, which up to that point had only been kept as dreams, have now been put into action through the executive ability and capital of a corporation. Research projects are also being supported by the Special Committee for Strengthening the Marketability of Research, who have the power to strategically select fields for specialized support. Such changes have already resulted in the designation of 6 new companies in the second stages of the BK21 enterprise, and a budget of KRW 6 billion being allocated to the leading research team, thus implementing the “choice and concentrate” strategy.
Furthermore, to strengthen executive ability, the direct election system for presidency was abolished, and replaced by the appointment system. Consequently, the 12th President, Dr. Bum Hee Park, was re-appointed into office as the consecutive 13th president. This reflected the strong will of the Chairman to minimise energy loss resulting from hosting an election campaign during an important time of transition within the university.
The largest project being persevered by Dr. Bum Hoon Park and the corporation, is the establishment of Hannam Campus. In 2007, a Memorandum of Understanding was exchanged with Hannam, and thus preparation for the creation of Hannam Campus is currently underway.
Through the legacy built over 90 years, Chung-Ang University, together with the global corporation, Doosan Group, is stretching its wings, to go forward from the “Center of Korea” to claim a place amongst the world’s greatest.
As of January 2011, Chung-Ang University, as a comprehensive institution, consists of one general graduate school, five professional graduate schools, 11 specialized graduate schools, and an undergraduate school made of 5 faculties with 10 colleges of 47 departments in the campuses across Seoul and Anseong, and has produced a total of 152,187 Bachelor Degrees, 30,693 Masters Degrees, and 4,364 Doctorates.