Founded in 2005, The Graduate Institute of Ferrous Technology (GIFT) is the worlds only fully accredited institute of higher learning offering graduate education in the field of steel science and technology. The unique educational focus of the Graduate Institute of Ferrous Technology was dictated by the compelling societal need for highly educated professionals with advanced skills in the field of steel science and technology. GIFT is committed to the highest academic standards in education in the field of steel science and technology, consistent with the tradition of advanced research at the Pohang University of Science and Technology. The GIFT academic program is designed to expand fundamental knowledge and enable the creation of new technologies in the field of steel science and technology through teaching and creative research. To serve the needs, the research-oriented Graduate Institute of Ferrous Technology was established in 2005 after 10 years of preparation. GIFT’s missions are to nurture the best manpower who will lead the future steel industry, and to develop innovative technologies in new processes and new materials by which the competitiveness of steels can be achieved. As the result of its efforts, GIFT has graduated about 100 Ph.Ds. and about 200 M.Ss., and its researchers have published more than 1000 journal articles. GIFT has close links with many major steel producers including POSCO, by which GIFT is fully funded. Thus, GIFT is at the center of the best research environment, and can maintain close ties to steel producers and users on a global basis, by engaging in activities such as collaborative projects, workshops, and scientist exchanges. With these efforts, GIFT will become a global leader of developing ferrous technologies, and remain a step ahead of its competition. The Graduate Institute of Ferrous Technology has nine laboratories with key areas of expertise: Alternative Technology Lab, Control and Automation Lab, Clean Steel Lab, Environmental Metallurgy Lab, Computational Metallurgy Lab, Microstructure Control Lab, Materials Design Lab, Materials Mechanics Lab and Surface Engineering Lab. GIFT also aims to contribute to the national and international economic development as well as human resource development through cooperation with industries associated with the production and application of advanced iron and steel technologies.