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International trade


International trade:


It is a crucial engine for global economic growth, driving the interconnection of markets and facilitating the exchange of goods and services between countries. In this report, we will examine emerging trends in international trade and explore the opportunities that lie ahead for both South Korea and Central America. Additionally, we will discuss CAMCOR's role in supporting businesses as they seek success in this dynamic environment.


International trade, essential to the global economy, is undergoing significant changes that will define its course in the near future. Firstly, an increase in digitalization and automation is expected, with artificial intelligence and robots playing an important role in customs and logistics processes. Additionally, greater adoption of online platforms is expected to simplify contract and order management.


On the other hand, sustainability is positioned as a crucial trend, driven by growing awareness of climate change. An increase in demand for sustainable products and more responsible business practices is anticipated, such as the use of renewable energy in freight transportation and the promotion of local production. However, increased trade protection and regionalization of international trade are also expected, with possible increases in tariffs and barriers to protect domestic industries and promote intraregional trade.


CAMCOR role:


CAMCOR, as a facilitator of international trade between South Korea and Central America, plays a crucial role in supporting businesses in their pursuit of success. Its advisory, business facilitation and trade promotion services help companies navigate international market challenges and take advantage of emerging opportunities. Additionally, CAMCOR encourages business collaboration and promotes the exchange of best practices to drive sustainable growth in both regions.


SEOUL POPCON:


It is an annual convention that will take place from August 16 to 18, 2024 in the vibrant city of Seoul, South Korea. This event is a celebration of pop culture in all its forms, from games and comics to cosplay, music, film, streaming and cutting-edge technology. More than just an entertainment showcase, SEOUL POPCON stands as a crucial event not only for the cultural scene, but also for the Korean economy.


A Platform for Technological Innovation:


SEOUL POPCON is not only about fun and entertainment but also serves as a prominent platform to showcase the latest technological innovations. From cutting-edge hardware to advancements in virtual and augmented reality, attendees will have the opportunity to immerse themselves in the future of entertainment and technology. These innovations not only inspire fans, but also promote collaboration and the exchange of ideas in a global environment.


Known as the 'Seoul Pop Culture Convention', it is a public exhibition that serves as a global center for the exchange of content from different industries. This platform offers the opportunity to showcase a wide variety of pop culture content, regardless of genre or country of origin, including new trends such as NFTs and virtual businesses.


Committed to adapting to the rapid changes of the current era, Seoul Popcorn provides unique experience and value by promoting the sharing of media and content across industries, without restrictions by country or gender. The convention, which attracts both clients and professionals with diverse needs, offers programs and spaces designed to facilitate the exchange of content from the business environment to the end consumer in the cultural content industry.


Digital Transformation in the Supply Chain


Digital transformation has emerged as a key catalyst in the evolution of the global supply chain, redefining the way companies manage their logistics operations. This report focuses on examining how South Korea and Central American countries are adopting and benefiting from these innovations to improve efficiency and competitiveness in international trade.


Can Korea's digital transformation be applied to Latin America and the Caribbean?


In seeking to apply Korea's digital transformation experiences to Latin America and the Caribbean (LAC), five key insights stand out that could be valuable to this region.


First, the importance of high-level leadership in companies is highlighted to drive active and long-term investment decisions in digital transformation.


Second, it highlights how innovation in business models, such as the case of Market Kurly in Korea, can improve the competitiveness of SMEs.


Third, it is emphasized that digital transformation is motivated by individuals with an innovative drive, as evidenced by the case of Classting in Korea; Platform for use by teachers.


Fourth, it highlights how digital transformation can address problems in non-tech sectors, such as agriculture, through innovative solutions such as N.THING's 'Planty Cube'.


And fifth, the importance of international cooperation and global partnership in the context of digital transformation is highlighted, highlighting the collaboration between Korea and LAC in this area through different channels of exchange and collaboration.

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