Ivy Kim Young to Pursue KOSDAQ SPAC Merger Listing... Shareholders Meeting on 19th

[Asia Economy Reporter Hyungsoo Park] Ivy Kim Young, a subsidiary of Megastudy Education preparing for a merger listing with NH SPAC No.15, announced on the 18th that it will hold a merger shareholders' meeting on the 19th.

Ivy Kim Young is a specialized education company holding a 68.3% market share in the university transfer education market. It entered the university transfer admission market for the first time among education companies by opening the Kim Young Transfer Dongdaemun Campus in 1977. Ivy Kim Young was incorporated into the Megastudy group in June 2011. It continued to grow by opening the industry's first offline specialized single-subject centers and strengthening its online video service platform.

The university transfer market has expanded its base through the demand age group, expansion of local markets, and growth of internet lecture businesses. Additionally, demand is increasing due to universities' efforts to improve their own indicators by increasing transfer quotas. The number of transfer admissions is gradually increasing due to changes such as the conversion of medical and dental graduate schools to undergraduate systems and the reorganization of pharmacy colleges into integrated six-year programs. From the 2023 academic year, the Police University will introduce a transfer system. An increase in nursing department transfers is also expected due to the expansion of nursing personnel.

With the increase in untact-related demand, the online education market is gaining attention, and sales are rapidly increasing compared to the previous year. The company has set a goal to continue growing by providing education services that combine offline and online. It is investing in the employment education sector as a key business to secure new growth engines. Ivy Kim Young is building a business portfolio that covers the pre- and post-university transfer markets through operating a remote lifelong education credit bank institution and new businesses in the employment education sector.

Kim Seok-cheol, CEO of Ivy Kim Young, said, "As the number of transfer admissions increases, transfer demand is also rising," and added, "We expect the transfer market to expand as specialized graduate schools such as medical and dental graduate schools convert to undergraduate systems."

He also said, "We are expecting growth for Ivy Kim Young," and added, "We intend to use the SPAC merger listing as an opportunity to improve credibility, enhance brand awareness, and expand the transfer education market."

Ivy Kim Young is conducting an initial public offering for the merger with NH SPAC No.15. The merger ratio is 1 to 1.217, and the merger shareholders' meeting will be held on the 19th. The merger date is scheduled for the 22nd of next month, and the merged new shares will be listed on October 13. NH Investment & Securities is the lead manager for the SPAC merger listing of Ivy Kim Young and NH SPAC No.15.

This content was produced with the assistance of AI translation services.