Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = Visang Education exports their English education program for infant to Chinese childhood English education market.

Visang Education made a contract with New Oriental education & technology group which is Chinese education business for providing local service of Wings that is English education program for infant, on 13th.

So, Wings will be provided to more than 150 thousands children who are registered students of 400 educational institutions of New Oriental group from April.

Through this contract Visang Education will take 2 million yuan (about 350 million won) as down payment for using the platform and 20 yuan (about 35 hundred won) each student every month as the royalty, from New Oriental group.

They made other contract to supply textbook, that Visang Education receives a royalty of 5~6% of the price. The therm of contract is 5 years.

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
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