September 9, 1998

Dear Friend:

We are pleased to share with you that Synja P. Kim and Sang Joo Kim made a visit to Beijing and Shanghai during the last two weeks.

In Beijing, we had a series of productive meetings with senior officials, scholars, researchers, policy-makers, and business executives representing the following organizations*, and exchanged views and opinions with them on select issues of mutual interests.

In Shanghai, we met with senior officials, scholars, researchers, policy-makers, and business executives of Shanghai Academy of Social Sciences, Shanghai Municipal Government(s), American Chamber of Commerce, Fudan University, and Pu Dong Economic Development Council.

Our hosts were gracious and expressed their readiness to work with us to reinforce friendly ties and develop cooperative relations to serve common goals. Thank you.

Sincerely, Sang Joo Kim Sr. Fellow & Executive Vice President

* China Daily, China Environmental Science Press, Institute for Asia-Pacific Studies, Chinese Academy of Social Sciences, China Center for Economic Research Beijing University, State Commission for Restructuring the Economic System, Ministry of Foreign Trade and Economic Cooperation, Institute for International Relations Beijing University, State Council for Information Center, and State Central Standing Committee for Discipline and Investigation.