KITA FTA & Trade Support Centre hosted a seminar on AI utilisation in FTAs and trading business on Friday, 10 July at KITA HQs in Seoul.
The seminar was organised to close the gap of AI utilisation between larger companies and SMEs at a time of greater demand of AI transformation within the trading business sector. Approximately 200 people from trading companies attended the seminar and they had an opportunity how AI is used in everyday business environment, including verifying customs data, discovering potential buyers and searching intellectual property rights.
The seminar was largely divided into three parts - a) automating the process of discovering overseas buyers by using AI agents, b) searching regulations on product categorisation and assessment of origin and c) searching intellectual property information and useful prompts and presentations by expects were delivered for each part to offer detailed information.
Deok Gyu Kim, the CEO of Abrambwiki Korea, which operates an AI-based trading platform, delivered a presentation on the full process of selecting a local buyer, ranging from designing search keywords, collecting information on candidate company to verifying collected information and customs data. He mentioned, "Although customs data indicates certain companies as importer companies, many eventually discover that they are, in fact, just distributors or brokerage companies in reality." He stressed, "It is important to clearly include the criteria that can filter such companies when designing prompts, which will sort out results to only show a list of companies that import on a regular basis."
Additionally, Gahee Seo, the co-founder & CEO of Federation, showcased ways of using generative AI when collecting information to comply with FTA regulations, such as a) categorising HS codes by product type, b) assessment of origin and c) import/export rules by country. Lastly, Hyo Gyeong Song, staff member of WIPS, a company operating an online patent search platform, explained ways of searching patents and performing prior art research by using Korea Intellectual Property Rights Information Service (KIPRIS) and gave tips on creating useful prompts that can facilitate information verification.