Kyung Hee University Global Future Education Center, Recruiting 2nd Class for 'Luxury Appraiser Academy' Course

The 2nd term of Kyung Hee University Global Future Education Center K-Academy (Professional Research Course) 'Luxury Appraiser Academy' will commence on January 2, 2023. Applications for the 2nd term are open until the 27th of this month.

'Luxury appraisers' are a profession with increasing demand in the recently spotlighted secondhand luxury market. The Global Future Education Center signed an industry-academia cooperation agreement with LuxAgain Co., Ltd. at the end of August, marking the official launch of this course. According to research by Research & Market, the global secondhand luxury market, which was approximately 39 trillion KRW in 2021, is expected to grow to about 56 trillion KRW by 2025. In South Korea, the secondhand market grew from 4 trillion KRW in 2008 to 20 trillion KRW in 2020. The secondhand luxury market is expected to have effects beyond economic value recreation, including environmental preservation and job creation.

A luxury appraiser is a professional who distinguishes between genuine and counterfeit products. The distinction between authentic and fake items exerts significant influence over market trends. The emergence of countless P2P transactions and brand curation platform businesses has highlighted the importance of luxury appraisal.

Kyung Hee University Global Future Education Center nurtures luxury appraisers demanded by the growing luxury market through the Luxury Appraiser Academy course. The 2nd term of the Luxury Appraiser Academy runs for a total of four weeks. It is divided into weekday and weekend courses to accommodate diverse learner needs. The curriculum includes ▲Understanding Luxury Goods ▲Representative Lines by Brand ▲Types of Leather ▲Authenticity Appraisal Points, providing both theoretical and practical training.

Graduates receive a certificate of completion, and those who pass an additional exam are awarded the 'Luxury Appraiser' certification. The first term produced a total of 11 graduates, of whom 9 passed the certification exam. Among the successful candidates, one was employed through industry recommendation, and five had opportunities to work with LuxAgain Co., Ltd., which co-operates this course with Kyung Hee University Global Future Education Center.

Among the first term graduates was a lawyer with clients in the luxury industry, drawing attention. He stated, "I successfully obtained the certification upon completion, and the education enhanced my expertise in handling clients related to the luxury industry. I expect it to be a great help in my future work."

The Luxury Appraiser Academy course features a star faculty with experience and achievements in the related industry. Lecturers include Yoon Nan-hee, South Korea’s first shopping host, Cha Tae-ho, CEO of LuxAgain Co., Ltd., Kwon Yoon-jung, CEO of The Trinity & Partners, and Jo Jae-ho, Chief Consultant. They provide students with professional knowledge along with know-how gained through collaboration.

Cha Tae-ho, CEO of LuxAgain Co., Ltd., expressed, "I believe this education can enhance the professionalism of luxury appraisers. We will strive to cultivate excellent personnel who can improve the market situation where damage caused by counterfeit goods occurs."