[Featured Stock] DSC Inbe Responds to Ryuido's '100 Trillion Value' Ambition with Masayoshi Son... Reshaping with AI

[Asia Economy Reporter Hyunseok Yoo] DSC Investment is showing strong performance. The news that AI education solution company Riiid received an investment worth 200 billion KRW appears to have influenced the stock price.

As of 9:30 AM on the 25th, DSC Investment was trading at 6,530 KRW, up 15.99% (900 KRW) compared to the previous trading day.

Riiid announced that it secured a Series D investment of $175 million (approximately 200 billion KRW) from SoftBank Vision Fund 2. Riiid’s cumulative investment amount has reached 284 billion KRW. Leading domestic venture capital (VC) firms such as Premier Partners, Alpenroute Asset Management, DSC Investment, IMM Investment, Korea Growth Investment Corporation, and D Ventures Private Investment Association are shareholders. Additionally, in July last year, Riiid received investment from the state-run Korea Development Bank.

Moon Kyuhak, SoftBank Investment Advisor, stated, "Riiid is a company leading the paradigm shift from standardized education methods to personalized learning," adding, "It was impressive that Riiid’s AI and machine learning platform provides personalized learning solutions to education companies, schools, and students, maximizing learning effectiveness," explaining the investment background.

Riiid plans to focus this investment on strengthening its AI technology capabilities. The company is already pushing forward with establishing research and development (R&D) centers and data centers in Silicon Valley, USA, Canada, and Ghana, Africa. It will continue to recruit global talent to build its technological infrastructure.

Jang Youngjun, CEO of Riiid, said, "We aim to reorganize the existing education paradigm from content production and distribution-centered to a technology, especially AI-centered industry, and achieve true equalization of educational opportunities," adding, "This investment marks the beginning of Riiid’s vision to create a new industrial ecosystem rather than just a business. To this end, we plan to collaborate with domestic companies as well as overseas partners."

Meanwhile, it is known that last month Riiid held a management briefing with SoftBank Chairman Masayoshi Son, who leads the Vision Fund. At this briefing, which was held at Chairman Son’s direct request, CEO Jang Youngjun expressed his ambition to "make Riiid a company valued at 100 trillion KRW," and Chairman Son responded, "You are my friend. I will support you until the end."

With this Vision Fund investment, Riiid is expected to surpass the corporate value of existing major domestic education companies such as Megastudy Education (market capitalization of 760 billion KRW) and Woongjin Thinkbig (460 billion KRW).