Popularity of AI ‘Edutech’ Businesses on the Rise | Be Korea-savvy

Popularity of AI ‘Edutech’ Businesses on the Rise

Students use tablets during class at an elementary school in Seoul. (Yonhap)

Students use tablets during class at an elementary school in Seoul. (Yonhap)

SEOUL, July 26 (Korea Bizwire)So-called ‘edutech’ businesses that graft new technologies such as artificial intelligence (AI), virtual reality (VR) and big data into the educational space are enjoying rising popularity in South Korea.

Kim Mi-kyung, a popular lecturer and dean of online university MKYU, recently joined hands with AI start-up MINDs Lab Inc. to create an AI lecturer who resembles herself.

Once created on the basis of the lecture videos the CEO has long accumulated, the AI lecturer can produce hundreds of different classes within a short period of time.

ESTsoft Corp., which unveiled an ‘AI anchor’ on a TV news channel back in April, formed a business agreement with lifelong education specialist HuNet Co. to develop an AI lecturer last month.

An app that helps learning by using AI for problem solving is also gaining popularity.

QANDA, a math solution app that Seoul-based edutech startup Mathpresso launched in 2015, provides problem solving explanations through algorithms within seconds after users take a photo of a math problem and search in the app.

QANDA is now available in about 50 countries, including Japan, the United States and Singapore. The company developed an educational course database by country, with its cumulative problem solving cases topping the 2 billion level as of May.

Ashley Song (ashley@koreabizwire.com)

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