Company:Chungdahm Learning

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Short description: Private education company in the Republic of Korea
Chungdahm Learning
Native name
청담러닝
TypePublic
Short description: Securities exchange operator in South Korea
Korea Exchange
한국거래소
TypeStock exchange
LocationBusan & Seoul, South Korea
Coordinates [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E / 35.136721; 129.064746 (Busan)
Founded1956; 70 years ago (1956)
Key peopleSohn Byung-doo
(Chairman & CEO)
CurrencySouth Korean won
No. of listings2,445 (as of May 2021)[1]
Market cap₩2,604 trillion KRW ($2.3 trillion USD)[2]
IndicesKOSPI
KOSDAQ
KRX 100
Websitewww.krx.co.kr
eng.krx.co.kr
Chungdahm Learning
Hangul
한국거래소
Hanja
韓國去來所
Revised RomanizationHanguk Georaeso
McCune–ReischauerHanguk Kŏraeso

Korea Exchange (KRX, 한국거래소) is the sole securities exchange operator in South Korea . It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

History

The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of Dec 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]

On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4]

Traded Instruments

KOSPI Market Division
  • Stocks
  • Bonds
  • Exchange Traded Funds (ETFs)
  • Exchange-Linked Warrants (ELWs)
  • Real Estate Investment Trusts (REITs)
KOSDAQ Market Division
  • Stocks
Derivatives Market Division
  • Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
  • Single Stock Futures
  • Equity Options
  • Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
  • Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
  • Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures

See also

References

  1. ↑ ""Global KRX About KRX KRX Overview History"". http://global.krx.co.kr/main/main.jsp. 
  2. ↑ ""시가총액"". http://www.krx.co.kr/main/main.jsp. 
  3. ↑ Market Hours, Korea Exchange via Wikinvest
  4. ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". UN Global Compact. https://www.unglobalcompact.org/news/1881-05-19-2015. 



IndustryEducation
FoundedScript error: No such module "Date time". in Seoul, South Korea
FounderYoung Hwa Kim
Headquarters
Seoul
,
South Korea
Number of locations
200+
BrandsChungdahm Institute, April Institute, i-Garten, Quick Chinese
RevenueUSD 129 million (2016)
Number of employees
  • FTEs: 420 (2016)
  • Instructors: 1,300 (2016)
Websitecompany.chungdahm.com

Chungdahm Learning is a private student education company in South Korea,[1] with over 130,000 students across more than 200 schools.[2] Chungdahm Learning has schools, and services operating in North America, South America, China, Japan and Vietnam.[3] Chungdahm Institute (CDI), a subsidiary of Chungdahm Learning, is an English language hagwon (private after-school academy) program.[4]

History

Chungdahm Learning was founded in 1998 by CEO Young Hwa Kim, starting as Chungdahm Institute (CDI) and incorporating in 2002.[5] Chungdahm Learning focuses on teaching English as a second language through test prep, critical thinking, and literature content modules.[6][7][8][9] Chungdahm's methodology implements the use of smart classrooms using tablet PCs and smart textbooks, a first in Korea.[5]

It launched April Institute to target younger elementary school students in 2007 and was listed on the KOSDAQ market in 2008. In 2012, Chungdahm Learning acquired CMS Education (Creative Math & Science). In 2013, Chungdahm 3.0, a smart learning solution, was launched to operate Smart Class at CDL schools.[10] In April 2014, Chungdahm announced plans to partner with Knewton to incorporate adaptive learning into its curriculum.[11] Chungdahm entered into partnerships with Apax Holdings and EGroup in 2016 to expand Chungdahm's market presence into Vietnam.[12]

In 2022, Chungdahm and CMS began functioning together under the Creverse brand.[13]

Controversy

In 2015, a group of former CDI teachers won recognition as full-time employees by the Supreme Court of Korea entitling the teachers to unpaid severance pay and other benefits.[14][15] Chungdahm Learning was found to have run a scheme treating foreign teachers as independent contractors instead of employees in contravention of the Labor Standards Act, thereby saving costs by not paying severance contributions to pension or health insurance.[14]

Also in 2015, an employee of an April branch of Chungdahm Learning denied a job application from a person of color on the basis of race, asserting that their customers preferred Caucasian teachers.[16] Park Kyung-ha, a spokeswoman for Chungdahm, admitted that the job posting was against the guidelines of CDI and the branch owner offered an apology and promise to not post discriminatory job listings in the future.[16]

References

  1. ↑ "Chungdahm Learning's operating profit may quadruple this year". Pulse. June 28, 2017. http://pulsenews.co.kr/view.php?sc=30800028&year=2017&no=433597. 
  2. ↑ "Chungdahm Learning". http://company.cdiwise.co.kr/en/business/center.aspx. 
  3. ↑ "Chungdahm, Egroup partner to teach English in Vietnam". VOV. June 13, 2016. http://english.vov.vn/society/chungdahm-egroup-partner-to-teach-english-in-vietnam-322436.vov. 
  4. ↑ "Chungdahm Learning". Chungdahm Learning. http://company.cdiwise.co.kr/en/about/globalReach.aspx. 
  5. ↑ 5.0 5.1 "Chung Dahm Learning". Teach Away. https://www.teachaway.com/teach-english-korea/private-schools-korea/chung-dahm-learning. 
  6. ↑ "우리 아이가 만날 미래". Innovation Lab. http://www.innovationlab.co.kr/project/chungdahm2/. 
  7. ↑ "[CEO & CEO 청담러닝 김영화 대표 "난 스마트러닝 밖에 모른다""]. MK. January 11, 2015. http://news.mk.co.kr/newsRead.php?no=33177&year=2015. 
  8. ↑ "[교육기업청담러닝 김영화 대표 "다양한 컨텐츠로 K-러닝 마켓 개척에 주력""]. Donga. April 2, 2013. http://news.donga.com/List/Series_70070000000299/3/70070000000299/20130401/54113164/1. 
  9. ↑ "About Chungdahm Learning". Teach in Korea. http://www.teachinkorea.com/about/Programs.aspx. 
  10. ↑ "Chungdahm at a Glance". Chungdahm Learning. http://company.chungdahm.com/eng/about/history.aspx. 
  11. ↑ "Chungdahm Learning and Knewton Plan to Develop Adaptive Learning Products in South Korea". Knewton. April 9, 2014. http://www.knewton.com/about/press/chungdahm-learning-knewton-plan-develop-adaptive-learning-products-south-korea/. 
  12. ↑ Hong Nhung (May 20, 2017). "Key Requirement". Vietnam Economic Times. http://vneconomictimes.com/article/vietnam-today/key-requirement. 
  13. ↑ "크레버스 - 융합사고력 플랫폼" (in ko). https://www.creverse.com/. 
  14. ↑ 14.0 14.1 Herald, The Korea (2015-06-17). "Hagwon lawsuit calls time on independent contractors" (in en). http://www.koreaherald.com/view.php?ud=20150617001095. 
  15. ↑ Paul Kerry (January 13, 2015). "Teachers headed for final court battle over employment status". The Korea Herald. http://www.koreaherald.com/view.php?ud=20150113000740. 
  16. ↑ 16.0 16.1 "Chungdahm April under fire for 'whites only' recruitment ad - The Korea Observer" (in en-US). The Korea Observer. 2015-03-30. http://www.koreaobserver.com/chung-dahm-under-fire-for-employing-whites-only-27547/. 



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