# Stanford's Songdo Center Closes After 12.3 Million Dollars in Korean Support > Stanford Center Korea will wind down its research activities this year, five years after opening at Incheon's Songdo campus, closing the books on 17 billion won in government support and leaving Korean partners locked out of the intellectual property their joint projects produced. - Source: Korea First - Canonical URL: https://koreafirst.tv/article/stanford-s-songdo-center-closes-after-12-3-million-dollars-in-korean-support - Author: Korea First Staff - Section: Money - Published: 2026-08-26T09:58:10.494Z - Updated: 2026-08-26T09:58:10.494Z - Tags: Stanford Center Korea, Songdo, Incheon Global Campus, government subsidy, intellectual property, IFEZ - Korean edition: https://koreafirst.tv/ko/article/stanford-s-songdo-center-closes-after-12-3-million-dollars-in-korean-support --- Stanford Center Korea is closing its doors this year, ending a five-year run at the Incheon Global Campus in Songdo that consumed 17 billion won, about 12.3 million dollars, in support from the Korean government and the International Free Economic Zone authority. The center opened in June 2021 as one of several foreign university outposts at the Songdo campus, joining SUNY Korea, the University of Utah's Asia campus and George Mason University in a cluster meant to plant elite international research directly on Korean soil. Its research agenda centered on smart cities, spanning urban technology, sustainability, healthcare and social equity, with the center pitched as an academic bridge between Silicon Valley and Korea. ## A Subsidy Cut That Foreshadowed the End The center's finances began to strain years before the closure. In 2023, the trade ministry, which oversees the funding, cut the subsidy by 10 percent following a performance assessment, a reduction that Stanford objected to at the time. The government had planned to keep supporting the center at 2.4 billion won a year through 2028, a commitment that will now go unfulfilled as research activities wind down this year. ## Who Keeps the Research The closure has drawn attention to a structural issue in the arrangement: Stanford retains all intellectual property rights generated by the center's research, meaning Korean partner institutions and researchers lose access to the outcomes of joint projects once the doors close. For a partnership funded substantially by Korean taxpayers, the IP arrangement leaves little for Korea to show for the investment beyond the research collaboration itself while it lasted. ## Stanford's Framing Julie Greicius, an associate dean at Stanford's School of Engineering, said the university's relationship with Korea will continue through other forms of collaboration, a statement that positions the Songdo center's closure as one chapter ending rather than the relationship itself. Whether that continued collaboration comes with a funding structure that better protects Korean partners' stake in the resulting research remains an open question as Songdo's roster of foreign university branches loses one of its marquee names. --- Originally published by Korea First. Free to cite with attribution and a link to https://koreafirst.tv/article/stanford-s-songdo-center-closes-after-12-3-million-dollars-in-korean-support.