I Hate Flying Bugs Inc., the company behind the AI-powered education platform MilDang PT, has been awarded the prestigious Minister of Trade, Industry and Energy Award (Grand Prize) at the 2023 Happy SME Job Awards. This recognition, presented by the Korea Federation of SMEs and Seoul Economy, marks the highest honor bestowed at the ceremony.
The Happy SME Job Awards spotlight outstanding small and medium-sized enterprises that contribute significantly to job creation and economic growth.
IHFB stood out for its dedication to:
- Talent development: Fostering a dynamic and skilled workforce through robust talent development initiatives.
- Management innovation: Implementing progressive management practices that drive sustainable growth.
- Social responsibility: Making a positive impact on the community through active social contributions.
In particular, IHFB’s commitment to job creation and youth employment impressed the selection committee. The company has achieved an exceptional 150% average annual growth rate in its workforce over the past two years, with a remarkable 94% of employees under the age of 30. IHFB further differentiates itself with youth-friendly HR policies like flexible work arrangements and job-sharing programs, creating an attractive and engaging work environment for young talent.
This top honor from the Minister of Trade, Industry and Energy serves as a powerful validation of IHFB’s dedication to workforce development and economic contribution. Additionally, the company has received acclaim through various awards, project wins, and collaborations with government agencies and leading corporations. Its consistent 164% annual revenue growth over the past two years and over 66 billion KRW (approximately $50 million USD) in investments further solidify its impressive growth trajectory.
“We are immensely honored to receive this recognition for our ongoing efforts in creating high-quality jobs,” expressed Chanyong Park, Founder and CEO of IHFB. “This award fuels our mission to become a global leader in fostering talent and generating valuable employment opportunities.”
As an EdTech innovator, IHFB leverages AI technology to power its “MilDang PT” online education platform, focusing on English and mathematics learning. Recognized by the Ministry of Employment and Labor as a “Level Practice Company” in 2021 and designated as a “special guarantor for prospective unicorns” by the Ministry of SMEs and Startups in June 2023, IHFB continues to demonstrate its promising future. With a user base exceeding 200,000 and a vast learning database encompassing 1.5 billion data points, IHFB actively pursues ventures into the public education sector through its participation in the AI Digital Textbook project.
