Canada-based education provider KGIC – formerly Loyalist Group – has sold its two recently-acquired agency divisions, Uhak.com and Kim Okran, marking its exit from the agency space.
Canada-based education provider Loyalist Group has made its second Korean agency acquisition, buying the four Korea-based offices operated by Kim Okran International Studies Centre Inc., for CAN$4.65m. The deal follows Loyalist's acquisition of Uhak.com, South Korea's largest student recruitment agency, in November last year.