Not so fast! :-)
While newer version of Corel Draw can open older files, they only go back few versions. Not sure if the latest version of Corel will be able to open Core 8 files. You might need to go through an intermediate step of opening the V8 file in slightly newer version (like V12 or X3), and saving it in that version's format. Then you'll be able to open it in the latest version of Corel. Maybe someone who knows more can chime in here.
As far as not being able to go the other way, it's perfectly normal. New versions of software introduce new features and functionalities which were not available in other versions. Then the file format changes too. The older software simply does not understand the new format or has the new features. But Corel usually gives you options to save the file in older format). At least it does in the versions I use (10 and 12). So, the compatibility can be maintained for few versions back.
Thanks Peteski and Eskimo. appreciate your inputs. Does kind of illustrate trying to get something definitive on this. Guess I'll provide the answer when my new machine and Corel sometime nest week. I'll post then.
Hi! Can you already elaborate on the answer?