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Chungdahm Learning and The Republic of Kyrgyz Agree On A Deal Worth 5 Million USD To Build SMART Classes

Chungdahm Learning (CDL) (KOSDAQ:096240), an education company, and Bilimkana Foundation, a private institute in the Republic of Kyrgyz, have signed an MOU worth 5 million USD with the purpose of building SMART classes and implementing CDL’s education solution (classroom management solution).

The agreement includes digital textbook development and the first exportation of a smart class solution licensing. This is important because it positions CDL as an education solutions provider.

Beginning in September, for 6 months, CDL will run a program in Bishkek for 70 6th and 7th grade students in 3 classes at 3 Bilimkana schools and will utilize tablets in a smart class environment. The subject used will be English.

Upon completion of the pilot, CDL, for 3 years until 2017, will expand its solution to 92 schools and 10,000 students in Bilimkana. The program will include all other subjects, including English.

Also, CDL will aggressively seek to enter Eastern European countries that utilize Russian as its first language.

Aisha Orozbekova, the director of the Bilimkana Foundation, expressed that “We are extremely happy that CDL, an education solutions provider, perfectly combines education with IT, to play a part in shaping Kyrgyz’s education infrastructure with their education solution. We are looking forward to increase the quality of education and improve educational environment through CDL’s smart solution, which utilizes real-time student and teacher interactivity through a digital medium.”

Si-Jung Hee, CDL’s strategy division senior director said “This MOU shows that CDL global strategy is not only reliant on a communications network and IT devices, but also offers educational consulting and solutions. Moving forward, as the representative global education solutions provider, we will make meaningful growth and a successful impact on the global market through our smart class solution.”

Kyrgyz, which borders Uzbekistan, Kazakhstan, as well as China and often referred to as the “Swiss of Central Asia”, is a developing country which economy has been growing partly due to Korean business expansion and government support. Especially, upon judging excellent educational system will lead to economic development, there has been increased interest in Korea’s educational system.

In order to learn more about CDL’s solution, please visit www.chungdahmglobal.com and follow Chungdahm Learning on Facebook (https://www.facebook.com/chungdahmlearn).

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