Today I delivered a 'trade' special lecture for associates and assistant managers of the Overseas Sales department at Kumho Tire’s headquarters in Jongno. Honestly, it isn’t a topic I enjoy teaching. It’s easy to end up with dull explanations of terms and processes, so I wondered how to keep people engaged... and compared it with Joonggonara and Daangn Market, two Korean secondhand marketplaces. Aren’t more people using Daangn Market than Joonggonara lately? Why? Because there’s less fraud. Sellers hesitate to ship goods without being paid, and buyers hesitate to pay before the goods arrive... it would be great to have a system in the middle that guarantees payment. So isn’t 'Daangn Pay' basically a letter of credit (L/C)? Daangn Market plays the role of the bank, and the commercial invoice (CI) and packing list (PL) are like the parcel waybill. Walking through it this way, with each document carefully prepared step by step, I think it was the most focused trade lecture I’ve ever given.
'Trade' lectures can be fun, too. ^^b


13 Jun 2023
[ Instructor: John Kim ]