FastCampus Reports 2019 Achievements and Reveals Adult Education Trends

– Surpasses 120,000 students in 2019, proving rapid growth in the adult education sector
– Unveils six years of achievements and insights into customer trends in adult education
– Explosive demand for digital skills education, such as data science, programming, digital marketing, and creative content, with significant growth in corporate clients

January 21, 2020 — FastCampus, South Korea’s leading adult education company (Co-CEOs Jiwoong Park and Kangmin Lee), announced that it surpassed 120,000 cumulative students and achieved KRW 26 billion in revenue in 2019.

FastCampus first developed and launched digital job-related educational courses for adults in 2014 and has significantly expanded its growth trajectory each year. From launching full-time career transition programs in 2015 to offering B2B corporate training in 2016, foreign language education in 2017, online education in 2018, and the opening of Coloso (apprenticeship-style education) in 2019, FastCampus has continuously developed content and expanded platforms to support career development for South Korea’s 20-to-40-year-olds.

In 2019 alone, FastCampus secured over 120,000 working professionals, cementing its position as the leading adult education company in South Korea.

In addition to revealing its annual revenue and total customer base, FastCampus also shared interesting data regarding its diverse group of students, which ranges from startup employees to executives at large corporations. The data includes students from various job roles and levels of experience, demonstrating the broad appeal of adult education content.

FastCampus has invested over KRW 20 billion in content development and paying instructors since its inception. The company emphasizes that education for career-oriented adults must reflect current industry trends, making it essential to secure the best instructors and develop the latest content. This approach has enabled FastCampus to fill gaps in traditional education by offering cutting-edge courses in fields like artificial intelligence, blockchain, and data science.

The most popular fields in 2018 included automation, design tools, digital marketing, computer science, and data analysis, while in 2019, the focus shifted to design tools, automation, video production and editing, data analysis, and machine learning. The rise of YouTube and video commerce was a key driver behind these shifts in learning trends.

Corporate clients from some of South Korea’s largest companies are increasingly turning to specialized job training. Many HR managers are highly interested in FastCampus’ offerings, driven by the need to equip employees with digital transformation skills. “Data analysis” and “programming” training for employees now account for over 50% of FastCampus’ corporate education revenue.

FastCampus CEO Kangmin Lee stated, “FastCampus strives to provide skill-based, lifelong learning education for adults—far removed from the exam- and score-focused education market for those under 20. As the era of proving one’s ability through a single test score or certificate is over, we aim to redefine education with a customer-first approach.”