Also known as the Ulsan National Institute of Science and Technology, UNIST was founded in 2009 and recognized as a government-funded research institute for science and technology in 2015, becoming the fourth such institute in Korea. Throughout its short history, the Ulsan-based university has made great leaps in the chemical and chemical engineering fields such as secondary batteries, solar cells, graphene and semiconductor materials. All international students receive full scholarships at UNIST, while more than 80 percent live on campus in the school’s dormitory. In 2022, it ranked 11th in the Young University Rankings by Times Higher Education, the highest among Korean universities on a list of the world’s leading universities that are 50 years old or younger.