I Hate Flying Bugs

About I Hate Flying Bugs

I Hate Flying Bugs Inc. is an educational technology company focused on providing equal opportunities for high-quality education. Founded in February 2012 by CEO Chanyong Park and his co-founders, the company aims to resolve the societal 'education gap' bug. What began in a small rooftop room has grown into a prospective unicorn company that has attracted a cumulative investment of 72.9 billion KRW.

The company's core philosophy emphasizes the importance of human interaction in the learning process, a conclusion reached after observing the limitations of purely technology-based e-learning. This belief is the foundation of their business model, which combines AI technology with human-led management to keep students engaged. This approach has resulted in an average daily completion rate of 92% for their services.

I Hate Flying Bugs operates on a multi-faceted business model, serving B2C, B2G, and B2B markets. For the private education (B2C) sector, they offer "MildangPT," a 1:1 online personalized teaching service where full-time, on-tact teachers manage students' learning at home. The service began with "Mildang English" in 2013, later expanding to include "MildangMath" in 2021 before being integrated and rebranded as MildangPT in 2022. For the public education (B2G) market, the company provides "SchoolPT," an AI digital textbook platform that allows school teachers to manage personalized learning for multiple students within a classroom setting. They also collaborate with leading education companies like MegaStudy in B2B partnerships.

The company has been recognized for its growth and has received several awards, including being named a prospective unicorn by the Ministry of SMEs and Startups in 2023 and winning the Grand Prize at the 2023 Happy Medium-Sized Enterprise Job Award.