WFM Decides to Acquire English Testing Business Worth 3.5 Billion Won
[Asia Economy Reporter Minji Lee] WFM announced on the 19th that it has decided to acquire the English test business division of SJW International for 3.5 billion KRW. The main contents of the acquisition include all businesses related to online lectures and the development and sale of materials for English tests such as TOEIC, TOEIC Speaking, OPIc, and IELTS. The acquisition reference date is set for the 23rd of next month.
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The company stated, "This decision is to strengthen our business competitiveness," and added, "It will expand our English business and create synergy with existing operations."
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