Time Education absorbs subsidiary, shifts to integrated management system
Translated from Korean and summarized by DistantNews. Read the original for the full story.
At a glance
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Official statement
Outcome reported
- South Korean education company Time Education completed the absorption merger of its subsidiary Time Education C&P on Aug. 2 after a June 25 board resolution.
- The merger combines Time Education’s offline academy infrastructure with its subsidiary’s teaching materials and AI digital content technology.
- Time Education said it aims to strengthen an education system connecting early childhood learning through university admissions, while using existing overseas distribution networks.
Time Education has absorbed its subsidiary Time Education C&P as it moves toward an integrated online and offline education business. The company said it completed the merger on Aug. 2 after its board approved the process on June 25.
The deal brings together Time Education’s offline academy infrastructure and Time Education C&P’s educational materials and AI-based digital content. The company said the combination is intended to create greater synergy between the two businesses.
Time Education operates academy brands including Mirae Inquiry, Soma Thinking Mathematics and Haklim Academy. It also runs the academy management solution M Switch and the admissions information platform Ipsitamtam.
Time Education C&P has developed teaching materials and workbooks including Playfacto and Thinking Calculation Egg, as well as the AI-based learning service VI Camp. Time Education said the merger will help build a more systematic education platform spanning preschool education to university entrance preparation.
The subsidiary’s existing distribution network in Southeast Asia, North America and Europe will also form part of the company’s broader integrated operating structure.
About this summary
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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