Koreans Embracing E-learning Potential To Control Online Ed

Despite Korea’s slowing economy, its online education market is expected to expand by an average 14.5 percent over the coming year, boosted by a zeal for private education and a high broadband penetration rate.

The market is expected to skyrocket to $2.1 billion in 2010, from $1.7 billion in 2006, Hyundai Securities says.

 Megastudy, which was launched by CEO Son Joo-eun, mainly provides online education to junior high and high school students. Since its launch in 2000, the firm has been doubling its revenue every two years.

Korea will also adopt an American-style law school system next year, which is creating a new market for the Law Education Eligibility Test, modeled after our law school admission test.

Despite Korea’s slowing economy, its online education market is expected to expand by an average 14.5 percent over the coming year, boosted by a zeal for private education and a high broadband penetration rate.

The market is expected to skyrocket to $2.1 billion in 2010, from $1.7 billion in 2006, Hyundai Securities says.

 Megastudy, which was launched by CEO Son Joo-eun, mainly provides online education to junior high and high school students. Since its launch in 2000, the firm has been doubling its revenue every two years.

Korea will also adopt an American-style law school system next year, which is creating a new market for the Law Education Eligibility Test, modeled after our law school admission test.

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