Korea’s edtech startups defend against global giants with AI

Q: How long will it take to read this news story?

The story "Korea’s edtech startups defend against global giants with AI" has 466 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Korea’s edtech startups defend against global giants with AI" was covered 1 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 2 news stories per day. It's most recent story was published 4 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21549053</li><li>URL: https://beamstart.com/news/koreas-edtech-startups-defend-against-172049782644</li></ul>

Korea Economic Daily Logo Korea Economic Daily 1w ago

Korea’s edtech startups defend against global giants with AI - Korea Economic Daily

Quick Summary:

Fast Campus’ online AI courses generated revenue of 2.3 billion won ($1.7 million) last year, more than triple 700 million won in 2022, as the number of such courses soared by 272%, according to Day1.“AI courses became the company’s core growth engine,” said a Fast Campus official.“We are providing various classes including basic courses such as deep learning, computer visions and natural language processing, as well as those for projects and employments,” the official said, adding the company nearly trebled such courses to 110 this year from 40 in 2022.

Domestic adult education service providers offered customized AI classes to deal with such moves by global giants, industry sources in Seoul said.“Korean adult education customers require professional courses with details for new jobs, which foreign players do not provide,” said one of the sources.

South Korea’s adult education startup Day1 Company Inc.said on Monday its company-in-company Fast Campus has sold more than 1 million online courses thanks to the growing popularity of AI classes.