▲ Jung Jin-myeong, CEO of Korea Masterwork Evaluation Training Institute

Difference between Korean pawnbrokers and those of advanced countries
The reason Jung Jin-myeong opened the Korea Masterwork Evaluation Training Institute in Dobong District, Seoul is this “The masterwork evaluators in Korea are not many and they do not seem to interest in fostering younger generations as they think it might narrow down their income. In fact, there isn’t a good number of institutes to learn the necessary knowledge and skill as well. Advanced country like the US and Japan, for example, are even dealing with used airplane due to the well-built dealing system and training as well as public recognition. I can say that they are 20 years ahead of us.” You might call them pawnbrokers in Korea, but what you call pawnbrokers in the US and Japan is received as professional luxury goods dealers as Jung gave his extensive knowledge regarding the matter above. In this respect, it was only natural for Jung to remove the grating of the shop which has been the symbol of pawnbrokers in Korea for many years and he also brightened up the lighting to change the people’s prejudice.

Activating the less valued industry to an advanced business platform
“To evaluate masterworks or luxury goods, you must know first of their values and history as well as their meaning. You have to have extensive knowledge, for example, of Rolex in order to make a deal mutually agreeable” says Jung. At the Korea Masterwork Evaluation Training Institute, you can learn all the necessary knowledge and skills to evaluate a masterwork and you can establish your own business or take a position in a company as a specialist after finishing the course with good academic records. Jung says that you can start a pawnbroker without an arm and a leg and the institute plays the role to bridge the deals and even provides a support after you established your own business. It is also notable that you can open a pawnbroker online if not offline. “In advanced countries, pawnbroking is done even in a café or a clothes shop in a corner of a village. Why not to happen this in Korea in near future as long as a good system and atmosphere are provided?” If you are thinking of starting a low budget business of your own or interested in pawmbraking business, you have no reason to hesitate to make a contact right now.