Online education company invests P100M in RP unit

Wednesday, 16 September 2009

Avalon English+, one of the largest educational companies in South Korea, recently made an initial investment of P100 million to set up its local subsidiary in the Philippines, Ubiquitous English Network of Avalon International Inc. (U-ENAI), an online education company teaching English using breakthrough technology.

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It is expected to exceed its initial investment when it completes by end of 2010 its international high school in the country with a projected capital of $3.5 million or roughly P170 million. Other business ventures in support of its education services include an international education program to the US, Canada, United Kingdom and Australia in addition to Emersion English camps in countries around the world.

Read the complete original article herehttp://businessmirror.com.ph/component/content/article/52-technology/16100-online-education-company-invests-p100m-in-rp-unit.html

Tags: education online philippines, online education investment philippines