Creverse, a convergence thinking platform, announced on the 10th that following its merger, it has maintained share buybacks and high dividends to enhance shareholder value, and as part of responsible management by its largest shareholder, Chairman Kim Young-hwa, it continues to purchase shares on the market.
Since the merger in 2022, Creverse has provided differentiated services compared to competitors to achieve additional growth, including the opening of Creverse Campus and the launch of the online service 'iLearning.' Ahead of this new leap, the largest shareholder has been purchasing additional shares as a demonstration of commitment to responsible management and confidence in sustainable growth.
This recent share purchase by the largest shareholder is also part of responsible management. As a result of preparing for the rebranding of core brands since last year, new related services have been launched sequentially since September. These include the launch of 'iLearning 3.0,' an online math learning program that supplements existing thinking skills learning with curriculum content, and the implementation of an AI-based automatic correction service at the English brand Cheongdam Language Institute.
A company official stated, “Since September, the curriculum- and school-grade-focused ‘THE OPEN 2.0’ program has been implemented. This is a systematic program that significantly strengthens curriculum content within the existing thinking skills-based curriculum, enabling enrolled students to improve both their thinking skills and scoring ability. New related services will be launched sequentially.”
He added, “While focusing on growth by drawing market response through new services, we will also concentrate on restoring corporate value by improving profitability through structural reorganization of existing businesses within the year.”
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