Megastudy Comes of Age, Makes the NY Times
The online company MegaStudy Co., Ltd. received a write-up from Choe Sang-Hun in the New York Times today:
“Megastudy.net, the online tutoring service Mr. Son started in 2000, may be the perfect convergence of South Koreans’ dual obsessions with educational credentials and the Internet. In this country, where people’s status and income at 60 are largely determined by which college they entered at 18, South Korean parents’ all-consuming task is to ensure that their children enter an elite university. And that requires a high score on the college entrance exam.
By tapping into those anxieties, which deepen during recessions, Megastudy has become South Korea’s fastest-growing technology company, with sales expected to grow 22.5 percent this year, to 245 billion won ($195 million), even as the country’s economy is projected to contract.”
Read the rest [NY Times]
Where a Teacher Can Make Millions [Business Week, 2006]
And for the finance-minded [Google Stock Listing]
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