In 1940, Sejong University created a place of learning dedicated to excellence in education and research. Navigating successfully the rough seas of Korea’s modern history, Sejong has faithfully continued its tradition of producing competitive graduates that society required and cultivating the latest innovations that served as the new engine of economic growth. Years of this endeavor have resulted in one of Korea’s most distinguished and prominent academic institutions, and Sejong is now poised to make another leap, aiming to become a university with global recognition. Today, we are witnessing the rapid transformation of our knowledge-based society built on a robust IT industry into the so-called “Smart Society” underpinned by wide-ranging mobile devices, facilitating the development of a ubiquitous environment where person-to-person, person-to-object and object-to-object communication can occur in real time. This change of enormous magnitude poses challenges for universities everywhere that question their reason for being. The current times demand nothing less than a fundamental change and innovation and a paradigm shift in research and education.