IEG, a South Korean company specializing in developing educational equipment for the Fourth Industrial Revolution, has secured an investment of KRW 5 billion (approximately USD 3.8 million) from IBK Venture Investment and Kolon Investment. This funding will enable the company to lay the groundwork for global expansion in technical education and industrial automation. IEG plans to focus on advancing its technology, scaling its business, and accelerating future growth.

IEG produces educational equipment in key areas related to the Fourth Industrial Revolution, including smart factories, semiconductors, robotics, AR/VR, and digital twins. The company’s valuation reportedly increased more than 30-fold during this investment round. Renowned for its state-of-the-art technical training equipment and digital content, which have been recognized both domestically and internationally, IEG is poised to further solidify its market position with this latest investment.

The company develops and supplies a diverse range of hardware-based solutions for various industries. These include smart learning factories for workforce training, advanced control systems for electrical and electronic applications, intelligent robots, and autonomous mobile robots (AMRs). Leveraging its years of expertise, IEG also offers integrated solutions such as live twins, AR, and VR to meet the demands of the digital transformation era, providing these services as a one-stop solution to clients. Its business operations are supported by core talent across technology, marketing, and manufacturing.

IEG is recognized as the largest player in tech education in South Korea. It is currently involved in building training and educational facilities for overseas branches of major South Korean conglomerates.

Chang-il Kim, CEO of IEG, shared his vision: “With this investment, we aim to become a global leader in the technical education sector, expanding beyond the domestic market by prioritizing proactive technology development. We are also committed to achieving an IPO in the near future.” He added, “Through the IPO, we will ensure that our employees, who have been integral to our success, are rewarded as we grow together.”