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its central tasks can be identified and suitable technical staff assembled. The growth rate of the Institute should be limited only by the availability of talented and properly motivated personnel.

B. [[underline]] Characteristics of the Institute [[/underline]]

We believe the Institute should be organized along the following lines:

(1) It should be grounded on secure financial support derived from Korean Government and private industrial sources as well as from the United States Government. These arrangements should not preclude support from other sources.

(2) It should be an independent, non-profit organization that will provide requisite latitude for a dedicated professional leadership and for flexibility in staffing and budget sufficient to attract and retain the best Korean scientists and engineers.

(3) It should interact closely with Korean industries and should improve their efficiency and the utilization of Korean resources. It should provide a foundation for new industrial activities. This implies:

(a) Knowing what the problems of Korean industry are;

(b) Knowing enough about technology and economics to make sensible choices in planning programs;