The rise, fall and rise again of Peter Chung’s private-school empire

Private-school entrepreneur Peter Chung is a prominent figure in the education industry in Canada, with a vast empire of for-profit schools and real estate holdings. Born in Korea and raised in Los Angeles, Chung’s journey to success has been marked by both triumphs and challenges.

Chung’s private-school business in Canada boasts over 4,000 employees, 40 campuses, and 30,000 students. His companies, including CDI College, Vancouver Career College, Reeves College, and the Visual College of Art and Design, offer a wide range of educational programs in fields such as healthcare, hospitality, and technology.

However, Chung’s career has not been without controversy. In the U.S., his ventures faced legal challenges, including allegations of violating state business codes. Despite these setbacks, Chung persevered and rebuilt his business in Vancouver in the early 1990s.

In recent years, Chung’s companies have made headlines for acquiring and operating prominent educational institutions such as University Canada West and Quest University. However, some of these ventures have faced challenges, with closures and financial difficulties impacting the schools.

Chung’s political connections have also come under scrutiny, with his associations with high-profile politicians raising questions about his influence in the education sector. Despite these controversies, Chung’s businesses continue to thrive, operating numerous campuses across Canada and serving a diverse student population.

As Chung’s wealth and influence grow, so do the challenges he faces in the ever-evolving landscape of private education. With a focus on international students, real estate investments, and philanthropic endeavors, Chung’s legacy in the education industry is a complex and multifaceted one.

In conclusion, Peter Chung’s journey from humble beginnings to owning some of the most expensive properties in Canada is a testament to his entrepreneurial spirit and resilience. As he navigates the highs and lows of the private-school business, Chung remains a controversial figure in the Canadian education sector, with his actions and decisions shaping the future of for-profit education in the country.