(9 Nov 2023) In a significant move towards expanding Open Access (OA) initiatives in East Asia, Springer Nature has inked its first transformative agreement (TA) in South Korea with the prestigious Korea Advanced Institute of Science and Technology (KAIST). This transformative agreement underscores Springer Nature’s commitment to fostering OA and marks KAIST’s inaugural TA with any publisher.
The TA with KAIST stands as a milestone in Springer Nature’s efforts to support global research communities, providing over 11,000 affiliated researchers at KAIST with the opportunity to publish in OA format without incurring any costs. The agreement aligns with the growing recognition of OA’s positive impact on research visibility, usage, and reach.
Under the three-year deal set to commence in 2024, KAIST researchers will gain access to over 2,000 Springer Nature hybrid journals. This agreement represents a significant step forward for KAIST.
The move aligns with KAIST’s commitment to responding to its researchers’ preferences, as evidenced by a recent survey where over 90% expressed a desire to publish in an OA format. The transformative agreement with Springer Nature allows KAIST to transition to OA seamlessly, converting subscription fees into a platform for the worldwide dissemination of their research.
The press release is here.