English education corporations GOLD&S will acquire the education business institutional sector of SJW International.
GOLD&S said on the 21st that it will acquire the entirety of the business related to SJW International's education business, including asset·liability, personnel, and contracts.
The business GOLD&S will acquire is a foreign language education service for 17 languages, including English, Chinese, Japanese, and Spanish, based on the "Siwon School" brand. Rather than a textbook-style rigid learning method, it is popularizing practical English that enables actual conversations with foreigners. It is also developing a variety of content, including new lectures and learning tools that reflect the latest trends.
Siwon School, in addition to foreign language learning services, is engaged in on-offline supply businesses such as children's English and publishing. As of last year, it posted sales of 21.7 billion won and operating profit of 2.2 billion won.
The acquisition price is 5 billion won, and the reference date is Jan. 1, 2026. The purpose of the acquisition is to expand the education business institutional sector, strengthen competitiveness within the education business, and create synergy with existing businesses.
If this acquisition is approved, GOLD&S is expected to significantly increase the sales scale of the education business institutional sector and improve profitability. By securing stable cash flow and further strengthening its financial structure, it expects to lay the groundwork to leap forward as a fully fledged mid-sized education corporations.
A company official said, "We will strengthen competitiveness in the education business by focusing on the expansion of the education business institutional sector and organizational capabilities and create synergy with existing businesses," adding, "It will be an opportunity to take a step forward by securing a stable revenue base and improving the financial structure."