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	<title>Comments on: A Really Interesting Online Education Company in Korea: Megastudy</title>
	<atom:link href="http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/feed/" rel="self" type="application/rss+xml" />
	<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/</link>
	<description>...focusing on the evolution and economics of high technology business and strategy.  By day, I am a venture capitalist at Benchmark Capital.</description>
	<lastBuildDate>Fri, 27 Apr 2012 17:08:04 +0000</lastBuildDate>
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		<title>By: Lee Welter</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-2530</link>
		<dc:creator><![CDATA[Lee Welter]]></dc:creator>
		<pubDate>Sun, 13 Feb 2011 02:34:20 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-2530</guid>
		<description><![CDATA[I like this article, but found a couple of typos:
&quot;...Megastudy is at it’s core an online learning web site....&quot; &quot;it&#039;s&quot; should be &quot;its&quot;-- the possessive form of &quot;it.&quot;
&quot;...Because its online, a teacher can have an unlimited number of students....&quot; &quot;its&quot; should be &quot;it&#039;s&quot;-- the contraction of &quot;it is.&quot;]]></description>
		<content:encoded><![CDATA[<p>I like this article, but found a couple of typos:<br />
&#8220;&#8230;Megastudy is at it’s core an online learning web site&#8230;.&#8221; &#8220;it&#8217;s&#8221; should be &#8220;its&#8221;&#8211; the possessive form of &#8220;it.&#8221;<br />
&#8220;&#8230;Because its online, a teacher can have an unlimited number of students&#8230;.&#8221; &#8220;its&#8221; should be &#8220;it&#8217;s&#8221;&#8211; the contraction of &#8220;it is.&#8221;</p>
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		<title>By: Clyde Smith</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-2114</link>
		<dc:creator><![CDATA[Clyde Smith]]></dc:creator>
		<pubDate>Thu, 25 Nov 2010 17:05:43 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-2114</guid>
		<description><![CDATA[Case in point, followup to my previous comment about teacher/parent/child contact, from http://www.businessweek.com/magazine/content/06_50/b4013056.htm

&quot;The stage of Seoul&#039;s biggest indoor arena is flanked by two giant video screens to ensure that even folks in the nosebleed seats won&#039;t miss a thing. As the performers take the stage, the crowd of 10,000 breaks into thunderous applause. But the stars of the Nov. 25 show aren&#039;t a pop band or a rap group. They&#039;re instructors from Megastudy, the biggest of Koreas 28,000 &quot;cram schools&quot; that help students get ahead in everything from physics to French. &quot;With his signature, I feel his energy,&quot; 18-year-old Yang Hae Jin beams after scoring an autograph from one of the celebrity teachers.&quot;

I&#039;m so proud.  I got my teacher&#039;s autograph and it was written by his no. 1 assistant!

Sorry I missed out on all that.  Let&#039;s bring it to America!  Cause everybody here loves a celebrity.]]></description>
		<content:encoded><![CDATA[<p>Case in point, followup to my previous comment about teacher/parent/child contact, from <a href="http://www.businessweek.com/magazine/content/06_50/b4013056.htm" rel="nofollow">http://www.businessweek.com/magazine/content/06_50/b4013056.htm</a></p>
<p>&#8220;The stage of Seoul&#8217;s biggest indoor arena is flanked by two giant video screens to ensure that even folks in the nosebleed seats won&#8217;t miss a thing. As the performers take the stage, the crowd of 10,000 breaks into thunderous applause. But the stars of the Nov. 25 show aren&#8217;t a pop band or a rap group. They&#8217;re instructors from Megastudy, the biggest of Koreas 28,000 &#8220;cram schools&#8221; that help students get ahead in everything from physics to French. &#8220;With his signature, I feel his energy,&#8221; 18-year-old Yang Hae Jin beams after scoring an autograph from one of the celebrity teachers.&#8221;</p>
<p>I&#8217;m so proud.  I got my teacher&#8217;s autograph and it was written by his no. 1 assistant!</p>
<p>Sorry I missed out on all that.  Let&#8217;s bring it to America!  Cause everybody here loves a celebrity.</p>
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		<title>By: Clyde Smith</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-2113</link>
		<dc:creator><![CDATA[Clyde Smith]]></dc:creator>
		<pubDate>Thu, 25 Nov 2010 17:01:48 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-2113</guid>
		<description><![CDATA[&quot;Because its online, a teacher can have an unlimited number of students.&quot;

Part of the difference in markets is also that in S. Korea you have lower expectations for individual interactions between teacher and student, not to mention teacher and parent.  Currently parents are more involved in U.S. education than ever before.  It&#039;s a Gen Y thing.

In any case, such a model might work for education settings where the &quot;education&quot; part has been turned into rote memory and regurgitation of facts, i.e., the standardized exams that have become a bigger part of the U.S. K-12 system as a stumbling block and benchmark for students, teachers and schools.

So, inasmuch as people value a sterile education or are forced to work at the level of a regurgitation unit, this is a great business model.

Personally, though I valued my friendships with S. Korean students made during my doctoral work at Ohio State University, I would be very saddened if U.S. students became the submissive, compliant and somewhat robotic creatures these grad students were in the classroom.

Hey, but if you can make some money off it, go for it!  And if you can raise test scores without caring that students don&#039;t actually seem to know much about anything, then you can be a savior of education!

I&#039;m still waiting to find a youngster that can tell me why Wikipedia was banned at their school rather than just saying it&#039;s not allowed.

Or an education system that can get them to the point of understanding why such a rule might exist, not simply that it exists.  Yes, they can count the fish but do they know how to catch them or what to do with them after they&#039;re counted?  Usually not.]]></description>
		<content:encoded><![CDATA[<p>&#8220;Because its online, a teacher can have an unlimited number of students.&#8221;</p>
<p>Part of the difference in markets is also that in S. Korea you have lower expectations for individual interactions between teacher and student, not to mention teacher and parent.  Currently parents are more involved in U.S. education than ever before.  It&#8217;s a Gen Y thing.</p>
<p>In any case, such a model might work for education settings where the &#8220;education&#8221; part has been turned into rote memory and regurgitation of facts, i.e., the standardized exams that have become a bigger part of the U.S. K-12 system as a stumbling block and benchmark for students, teachers and schools.</p>
<p>So, inasmuch as people value a sterile education or are forced to work at the level of a regurgitation unit, this is a great business model.</p>
<p>Personally, though I valued my friendships with S. Korean students made during my doctoral work at Ohio State University, I would be very saddened if U.S. students became the submissive, compliant and somewhat robotic creatures these grad students were in the classroom.</p>
<p>Hey, but if you can make some money off it, go for it!  And if you can raise test scores without caring that students don&#8217;t actually seem to know much about anything, then you can be a savior of education!</p>
<p>I&#8217;m still waiting to find a youngster that can tell me why Wikipedia was banned at their school rather than just saying it&#8217;s not allowed.</p>
<p>Or an education system that can get them to the point of understanding why such a rule might exist, not simply that it exists.  Yes, they can count the fish but do they know how to catch them or what to do with them after they&#8217;re counted?  Usually not.</p>
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		<title>By: Peter Nicholson</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1963</link>
		<dc:creator><![CDATA[Peter Nicholson]]></dc:creator>
		<pubDate>Thu, 04 Nov 2010 11:59:03 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1963</guid>
		<description><![CDATA[Please advise me as to web address of mega study.]]></description>
		<content:encoded><![CDATA[<p>Please advise me as to web address of mega study.</p>
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		<title>By: benjunnenarciso</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1933</link>
		<dc:creator><![CDATA[benjunnenarciso]]></dc:creator>
		<pubDate>Thu, 23 Sep 2010 06:55:26 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1933</guid>
		<description><![CDATA[Son Joo-eun was a success in South Korea’s hypercompetitive business of preparing students for the national college entrance exam. He had an annual income of 720 million won — the equivalent of $573,000 today — as a private tutor helping children from rich families in Seoul win admission to elite universities.

In relation to this, you may want to visit our online English academy is bases in Cebu City, Philippines. It is an institution with competent, effective, and &lt;a href=&quot;http://www.eslglobalonline.com&quot; rel=&quot;nofollow&quot;&gt;efficient ESL teachers&lt;/a&gt; well-equipped to provide easy and fun way of learning English at a minimum amount of time per session.]]></description>
		<content:encoded><![CDATA[<p>Son Joo-eun was a success in South Korea’s hypercompetitive business of preparing students for the national college entrance exam. He had an annual income of 720 million won — the equivalent of $573,000 today — as a private tutor helping children from rich families in Seoul win admission to elite universities.</p>
<p>In relation to this, you may want to visit our online English academy is bases in Cebu City, Philippines. It is an institution with competent, effective, and <a href="http://www.eslglobalonline.com" rel="nofollow">efficient ESL teachers</a> well-equipped to provide easy and fun way of learning English at a minimum amount of time per session.</p>
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		<title>By: study abroad</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1921</link>
		<dc:creator><![CDATA[study abroad]]></dc:creator>
		<pubDate>Fri, 03 Sep 2010 05:36:46 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1921</guid>
		<description><![CDATA[According to my view online education quality website is constantly increasing as online technologies become a bigger part of the educational process, and as students and prospective students turn to the internet for information.

nice post

Thanks]]></description>
		<content:encoded><![CDATA[<p>According to my view online education quality website is constantly increasing as online technologies become a bigger part of the educational process, and as students and prospective students turn to the internet for information.</p>
<p>nice post</p>
<p>Thanks</p>
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		<title>By: bgurley</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1650</link>
		<dc:creator><![CDATA[bgurley]]></dc:creator>
		<pubDate>Thu, 04 Mar 2010 18:23:30 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1650</guid>
		<description><![CDATA[This is a really strong point and one that may mean you will never &quot;re-create&quot; MegaStudy here.]]></description>
		<content:encoded><![CDATA[<p>This is a really strong point and one that may mean you will never &#8220;re-create&#8221; MegaStudy here.</p>
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		<title>By: Reddy</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1624</link>
		<dc:creator><![CDATA[Reddy]]></dc:creator>
		<pubDate>Thu, 25 Feb 2010 19:49:34 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1624</guid>
		<description><![CDATA[I took the demand side of this Megastudy model from the 2 web links given by the blog post and summarized here.
 These 3 factors on &#039;demand&#039; side of the equation are missing in US that is why it is hard to succeed that model in US.
  Think about the US system, here our KIDS   work on average less than 2 hours a day outside of the school, that is what the society demands here where are in Asia the society expectation is at least 3x  of it.
----
http://www.nytimes.com/2009/06/02/business/global/02cram.html?_r=2&amp;scp=1&amp;sq=korean%20studaents&amp;st=cse
1) Last year, South Korea spent 55 trillion won, 6 percent of its gross domestic product, on public education. But private education expenditures amounted to an additional 20 trillion won 
 - so total 8.5% of GDP on EDUCATION

2) Eight of every 10 students from elementary school through high school take after-school classes from private tutors or at cram schools, online or offline.
 - that is 80% of K-12 kids takes after-school classes

3) Demand created by society culture: http://www.businessweek.com/magazine/content/06_50/b4013056.htm
 Koreans will endure just about any hardship to make sure they get into a top university. A degree from a leading school isn&#039;t just the key to a good job--it&#039;s a prerequisite for finding the right spouse and establishing high-powered connections that can last a lifetime.]]></description>
		<content:encoded><![CDATA[<p>I took the demand side of this Megastudy model from the 2 web links given by the blog post and summarized here.<br />
 These 3 factors on &#8216;demand&#8217; side of the equation are missing in US that is why it is hard to succeed that model in US.<br />
  Think about the US system, here our KIDS   work on average less than 2 hours a day outside of the school, that is what the society demands here where are in Asia the society expectation is at least 3x  of it.<br />
&#8212;-<br />
<a href="http://www.nytimes.com/2009/06/02/business/global/02cram.html?_r=2&#038;scp=1&#038;sq=korean%20studaents&#038;st=cse" rel="nofollow">http://www.nytimes.com/2009/06/02/business/global/02cram.html?_r=2&#038;scp=1&#038;sq=korean%20studaents&#038;st=cse</a><br />
1) Last year, South Korea spent 55 trillion won, 6 percent of its gross domestic product, on public education. But private education expenditures amounted to an additional 20 trillion won<br />
 &#8211; so total 8.5% of GDP on EDUCATION</p>
<p>2) Eight of every 10 students from elementary school through high school take after-school classes from private tutors or at cram schools, online or offline.<br />
 &#8211; that is 80% of K-12 kids takes after-school classes</p>
<p>3) Demand created by society culture: <a href="http://www.businessweek.com/magazine/content/06_50/b4013056.htm" rel="nofollow">http://www.businessweek.com/magazine/content/06_50/b4013056.htm</a><br />
 Koreans will endure just about any hardship to make sure they get into a top university. A degree from a leading school isn&#8217;t just the key to a good job&#8211;it&#8217;s a prerequisite for finding the right spouse and establishing high-powered connections that can last a lifetime.</p>
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		<title>By: shyam</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1551</link>
		<dc:creator><![CDATA[shyam]]></dc:creator>
		<pubDate>Mon, 01 Feb 2010 06:05:57 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1551</guid>
		<description><![CDATA[i seen something similar in India. they traing students for competitive exams..www.smartlearnwebtv.com]]></description>
		<content:encoded><![CDATA[<p>i seen something similar in India. they traing students for competitive exams..www.smartlearnwebtv.com</p>
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		<title>By: juliene gschwend</title>
		<link>http://abovethecrowd.com/2009/06/02/a-really-interesting-online-education-company-in-korea-megastudy/#comment-1338</link>
		<dc:creator><![CDATA[juliene gschwend]]></dc:creator>
		<pubDate>Fri, 20 Nov 2009 17:56:08 +0000</pubDate>
		<guid isPermaLink="false">http://abovethecrowd.com/?p=310#comment-1338</guid>
		<description><![CDATA[I know Asia and Korea have a different educational schema- but I think this model could be popular here. Online learning has taken off and the biggest users in the US are college students already enrolled on a campus who choose to take classes online as well. Maybe because of their schedules, possibly because they prefer online over actual classroom environments?
 Online is very convenient. We are thinking of using the Teaching Company DVDs with our 10 year old. Private schools for her are anywhere from $12,000 to $30,000 per year here and that&#039;s kind of hard to pay for the sixth grade.
There was a major financial guru who just bought an online University in the US and is offering his own MBA program- I read about it in the WSJ but I forget who it is.]]></description>
		<content:encoded><![CDATA[<p>I know Asia and Korea have a different educational schema- but I think this model could be popular here. Online learning has taken off and the biggest users in the US are college students already enrolled on a campus who choose to take classes online as well. Maybe because of their schedules, possibly because they prefer online over actual classroom environments?<br />
 Online is very convenient. We are thinking of using the Teaching Company DVDs with our 10 year old. Private schools for her are anywhere from $12,000 to $30,000 per year here and that&#8217;s kind of hard to pay for the sixth grade.<br />
There was a major financial guru who just bought an online University in the US and is offering his own MBA program- I read about it in the WSJ but I forget who it is.</p>
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