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LETTER FROM THE PRESIDENT OF lAMS August, 1998 Dear members of lAMS, This summer Korea has been covered by thick, grey clouds with much humidity. Fearful heavy rain storms have destroyed many farms, houses and lives. The dark clouds are still much in the sky. This speaks much of the context in this part of the world. For example, Korea is going through a dark and critical passage. Since last December, 1997, the IMF has intervened in the Korean economy. Although more than half a year has passed, there is continuous decreasing in the big dealings of the Korean economy. Many able young fathers are losing their jobs as there are hundreds of small businesses being closed down, and the large companies are cutting their staff members. A well-established man in his forties in a very well-known construction company comes to work at 5:30 early in the morning and is still not sure whether his position is secure for the rest of the year. People say that a worse time is yet to come, although official reports are trying to encourage us by saying that things are getting better. On top of this, there has been a flood all
Mission Studies – Brill
Published: Apr 22, 1998
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