APRIL 2003

• Immigration and Naturalization Service

• The New York City Mayor's Office Of Immigrant Affairs and Language Services

• Citizenship NYC

• New York Immigration Hotline

• National Immigration Forum

• Genealogical Resources in the New York Metropolitan Area

• America Immigration Lawyers Association and the American Immigration Law Foundation

• Lesbian and Gay Immigration Rights Task Force

• Glossary

Local: General

• Archdiocese of New York Immigrant and Refugee Services

• Citizens Committee For New York City

• Hebrew Immigrant Aid Society

Local: Specific

• Asian Americans for Equality

• Asian American Legal Defense and Education Fund

• CARECEN-N.Y.

• Chinese Progressive Association

• Emerald Isle Immigration Center of New York

• Korean Community Services of Metropolitan New York

• National Association of Korean Americans

• National Coalition for Haitian Rights

 

 

Korean Business: Half Hope, Half Worry
From JoongAng
Mar 20, 2003

By Lee HyunSang

Korean businesses are concerned about their profits and financial losses as American troops start to march towards Baghdad.

On one hand, business owners expect to recover from a long recession if the war concludes promptly, but on the other hand, they are also worrying about a worse scenario if the war takes longer than expected.

The overall opinion is that we have to wait and see.

Lee, GunWoo, the president of the Korean-American Grocers Association of New York, said, “We have been suffering from a continuing decrease in sales profits due to the recession and it has not been very different since the war. I have to observe the course of war for the further prospects.”

It is said that there is not much difference in the numbers of customers in the beauty-supply business between now and before the war. Yu mentioned, “The number of visitors is steady among middle and lower classes which constitute the majority. However, customers from the upper class decreased a little, possibly due to their susceptibility to political changes.” However, he also expected that everyone will suffer if the war drags longer.

Jewelry businesses are benefiting from the lower price of gold. Paik said, “The price of gold dropped to $330 per once from $380 several weeks ago.” He also mentioned that customers are optimistic about the war will conclude the uncertainty of conflict with Iraq and will result in a prompt resolution.
In the case of wholesale businesses on Broadway, Manhattan, the number of customers has sharply decreased as inspections of vehicles entering Manhattan became stricter.

Lim, PilJae, the president of the New York Society of Korean Businesses, said, “as long as the war goes on, it is hard to expect many customers and moreover, it will cost more time and expenses to import products from overseas.” However, he also expects that quick resolution of the war in Iraq will help the U.S. economy to recover.

Korean business owners agree that the pace of war will determine their future economy—promising a solution for recession or leading to a worse depression.

Translated From Korean by JooYeon Lee

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