From the KAIST Web Page: "Kaist signed a memorandum of understanding (MOU) with the Multifunctional Administrative City Construction Agency and the Korea Land Corporation on March 4 to build a campus in the city now under construction to house many governmental organizations to be relocated from Seoul.
The MOU calls for building a well-facilitated KAIST campus on 310,000 square meters of land within the planned city, about 30 kilometers west of Daejeon. The multifunctional city, named Sejoing City, is scheduled to be dedicated in 2014.
To read more go here and click on the story published on the March 18 in the news section.
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