The convenience we experience in our lives has been created through competition among various companies, so I have always believed in the idea that ‘competition provides positive value in a market economy.’ This was a thought I first shared with my co-founders in 2012. The private education market, which records the largest scale every year, also implies many problems that need to be addressed due to the concentration of capital and people.

The more I focused on solving educational problems through technology, the more paradoxically I saw the importance of people. Adaptive learning companies that touted big data have been stagnant for years, and internet courses that started under the name of e-learning have not been able to make students study until the end. After creating and refining various educational services for over a decade, what I discovered was that placing learners steadily on the path of learning is not a matter of technology or system, but a matter of people.

Based on the importance of ‘people,’ we endeavored to implement a one-of-a-kind 1:1 online managed learning service, starting with MildangEnglish in 2013, launching MildangMath in 2021, and reaching MildangPT in 2022. This humble but effective approach of creating a ‘service involving people’ achieved a remarkable completion rate of 92% on average per day. Recognized for its innovative and growth potential, iHateFlyingBugs has attracted a cumulative investment of 65.7 billion KRW and has been selected as a prospective unicorn.

Over the past three years, iHateFlyingBugs has experienced rapid growth with an average annual increase of 211% in customers, 164% in revenue growth, and a 150% increase in employment, propelled by the success of MildangPT. Riding on this momentum, we have successfully launched SchoolPT, an AI digital textbook platform. Just as we have done in the past, we will continue to strive for endless challenges and growth to become a company that realizes equal opportunities for high-quality education. Thank you.