[NEWSFLIX] Kim Hong il = GXT Global announced that it opened its fourth luxury store, In Euro Friends, which can be paid by GXT coins, in Apgujeong on March 26.
GXT Global is a blockchain-based technology company headquartered in Singapore and issued cryptocurrency in the Virgin Islands, creating an ecosystem based on the powerful real economy of GXT, such as diamonds, luxury brand trading, outlet malls, and shopping malls as well as financial products (insurance).
According to Euromonitor, a global market research firm, Korea's luxury goods market amounted to $12.726 billion (14.829 trillion won, based on the fixed exchange rate of 1165.200 won in 2019), increased by 650 billion won from $12.168 billion (14.178 trillion won) last year. The rankings are the eighth in the world behind the United States, Japan, China, France, Italy, the United Kingdom and Germany. The Korean luxury market, which has grown at an annual average rate of 6.5% since 2013, grew 4.6% last year.These statistics show that market size and growth are expected to be much larger and steeper excluding an evaluation of the duty-free, used market and black market based on domestic sales.
In line with the growth of this market size, the Bergere store entered by GXT Global, has a total floor area of about 298㎡ (0.073519 AC), and the products currently on display are COACH, Michael Kors, Tomford, GUCCI, Prada, Burberry, Ferragamo, and in April, Bottega Veneta, Balenciaga, and Yves Saint Laurent will add.
The interior divided into two floors is designed with a luxurious feeling and consists of daring product composition, a space that shows each brand well and introduces products. On the second floor, there is a space for VIP, offering VIP counseling and resting space, and exhibiting works by artists of Seojeong Art Center.
In particular, Bergere stores are the fourth store in Korea, which has an offline system that can be paid by GXT coins. GXT users can enjoy the benefits of the payment and open events with GXT coins.
Furthermore, GXT Global is preparing to introduce Bergere luxury goods at EUROMALL (https://euromallshop.com/), a global online shopping mall, for GXT users who have difficulty visiting stores due to the Wuhan Coronavirus infection (calls Corona 19).
“This Bergere store is an extension of luxury brand trading, which is one of GXT Global’s core businesses,” said Scott Matheina, CEO of GXT Global. “In Korea, this will be the fourth luxury store with GXT Coin’s offline payment system, and we are currently preparing to open additional stores overseas, including Kazakhstan," he added.
“We expect that demand for luxury goods in Korea will continue to rise, and we will try to grow into a Bergere luxury store with the best luxury line-up in Apgujeong, the center of Seoul,” said an official at the Bergere store. “GXT users are global, so if the Corona situation calms down, we expect more foreigners to visit Bergere stores.”
