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-63- [[preprinted]] U.S.-Korea Economic Council, Inc. Chairman JAMES M. Voss Caltex Petroleum Corporation Vice Chairman CHARLES H. WEAVER Westinghouse Electric Corporation President WILLIAM HENDERSON Directors WALTER B. BERZIN Chemical Bank EVERITT A. CARTER Oak Industries T. J. COOLIDGE, JR. Back Bay-Orient Enterprises MARK C. FEER Lehman Brothers Kuhn Loeb J. ROBERT FLUOR Fluor Corporation HOUGHTON FREEMAN American International Underwriters EDMUND A. GULLION Fletcher School of Law and Diplomacy SHERWOOD JOHN HANFT Bank of New York FRED L. HARTLEY Union Oil Company of Califormia JAMES W. KEAY Republic National Bank of Dallas HOWARD H. KEHRL General Motors Corporation DAVID M. KENNEDY Secretary of the Treasury, 1969-1971 JAMES E. LEE Gulf Oil Corporation JOHN R. LEVISON Northwest Orient Airlines ROBERT W. LUNDEEN Dow Chemical Company DAVID C. SCOTT Allis-Chalmers FRED J. SENGSTACKE Coopers & Lybrand FRANK N. TSE Bank of America RICHARD W. WHEELER Citibank B. OTTO WHEELEY Koppers Company Legal Advisor MORTON ZUCKERMAN Dunn & Zuckerman Suite 2-L 88 MORNINGSIDE DRIVE NEW YORK, N.Y. 10027 (212) 749-4200 [[/preprinted]] January 23, 1980 The Honorable Sidney Dillon Ripley Secretary The Smithsonian Institution Washington, D.C. 20560 Dear Secretary Ripley: Mr. James McK. Symington of your staff has asked me to give you such information as I have on the major gifts given in the recent past by the Korean Traders Association to various American educational institutions. The Korean Traders Association is a private membership association made up of approximately 2,200 Korean companies. It is supported by the dues of its members, and by a levy of 0.045 percent imposed on most commodity imports. (In 1979, Korean imports equalled approximately $18 billion.) KTA has very close connections with the Korean government, and we would probably describe it as a quai-official organization. Its officers server on various government advisory committees, and additionally KTA has responsibility for issuing foreign trader licenses to Korean companies on behalf of the government. While I have not been involved in the process in any way, it is my understanding that KTA has made major gifts (in the range of $500,000 to $1 million) in the past few years to Harvard University, Columbia University, and the Aspen Institute for Humanistic Studies. I have also heard that KTA has made a similar gift to a university in Toronto, Canada; and that they were instrumental in helping the Asia Society in New York to secure a large gift from the Korean business community for their new building. I am sorry that I do not have the full details, and I hope that this meager information may prove helpful. With all good wishes. Sincerely yours, [[signature]] William Henderson [[/signature]] William Henderson President