Cleverse, Lee Dong-hoon and Kim Hyung-joon as Co-CEOs... Enhancing Corporate Value

Cleverse announced on the 18th that it has appointed CEO Lee Dong-hoon to strengthen expertise by business sector.

Cleverse will establish a co-CEO system with the existing CEO Kim Hyung-joon to reinforce responsible management. CEO Lee Dong-hoon will enhance the competitiveness of the knowledge industry sector based on convergent thinking and the new business sector, which is a future growth engine. CEO Kim Hyung-joon will focus his capabilities on the entrance exam industry centered on Youngjaegwan.

CEO Lee graduated from Seoul National University with a degree in International Economics and completed graduate studies at the Business School. He worked as a McKinsey consultant and in the restructuring team at Hyosung Group, then earned an MBA from Harvard Business School. He has served as Executive Director at Doosan Infracore and CEO of Smilegate Worldwide, and was CEO of Cheongdam Learning from 2018 to 2021.

A company official explained, "CEO Lee has a rich background as a corporate executive and gained experience as CEO of Cheongdam Learning, the predecessor of Cleverse," adding, "We expect him to contribute to enhancing corporate value by operating key businesses."

Cleverse is a convergent thinking education company formed by the merger of Cheongdam Language Institute (Cheongdam Learning) and CMS Academy (CMS Edu). It is evaluated to have entered the business stabilization phase since the merger. As of the cumulative third quarter this year, sales reached 178.2 billion KRW, a 4% increase compared to the same period last year. Operating profit achieved 22.7 billion KRW, a 10% increase year-on-year, due to external growth and efforts to reduce headquarters expenses.

Co-CEOs Lee Dong-hoon and Kim Hyung-joon of Cleverse stated, "Through the entrance exam and school record solution curriculums ‘Grand slam’ and ‘The Open,’ we will increase market dominance in the middle and high school entrance exam education market," adding, "We will also launch a GPT-based metaverse platform service that transcends the boundary between reality and virtual, and continue overseas partnerships to enhance corporate value."