The boom of online education
Posted on July 6th, 2009 in College degree, Online Option
No matter what the government adopts policies, Korea’s education of the parents are not aware of saving money in the education of their children. At least it is an assumption that lies beneath the words, the effect of “.”
Note that market observers of Korea and the phenomenon – if the government tries to reduce the costs of private education in a sector, the flow of money in another segment – an unexpected offer of education in the country chalk have rapid growth in recent years.
Although the “ Lee Myung-bak administration is seeking to phase in a series of measures to reduce the cost of private education, rather than help large corporations, education, researcher Jeong valores KB”Seo-hyun said.
“ For example, the plan of force to close the private colleges before 10 hours is likely to encourage students to move from institutes offline to online education programs,”he said.
The administration wants to ban hagwon offers lessons for students after 10 hours, and we urge the school after school to start.
Investors seem more Jeong deal with the conviction that these measures will enable students to move from hagwon online education programs – as demonstrated by the Seoul Stock Exchange.
Since President Lee asked the ministries concerned with the all-to curb the rising cost of private education on June 23, share prices of companies have been skipping school a few exceptions.
Business Barometer Megastudy shaken by an increase of 5.5 per cent in share prices last week, while those of Daekyo WOONGJIN ThinkBig and also increased by 7.4 per cent and 9.7 per cent, respectively.
Exponential growth
Education issued an exponential growth in recent years, according Meritz Securities.
Meritz said Monday that Korea’s education sector, including Megastudy, Daekyo WOONGJIN and have seen their combined market capitalization of more than 10-times jump since 2002.
Its market value amounted to 254 billion won at the end of 2002, but increased the figure of 3.65 billion won in January – and even the negation of the financial crisis last year.
Amid the bustle of their sales dramatically by 20.78 percent, from 1.7 billion won in 2007 to 2 billion won last year.
“ Education is more hagwon district. Now they are large companies with strong sales and operating profits,’’said an analyst in Seoul.
“ They were on a path of rapid growth thanks to parents interested in education Korean. In addition, measures to restrict business hours hagwon offers a new start,”he said.
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