Esteemed Mr. President,
I am pleased to be given the opportunity to present the
report on the financial situation of the IMGC in the name of
the IMGC Financial Council.
pity for me to say that the IMGC fund is nearly zero.
has worked with the help of the DPRK Government.
operational expenses of the !MGC Head Office, including the
costs of building the IMGC Head Office and the torch tower
which belongs to the IMac, have been taken by the DPRK
Government has donated the following amount of money to us.
Construction of Head Office: US$
Construction of Torch Tower: US$
Operational expense of the Secretariat: US$ 100,000
for the 1 st IMAG: US$
US$ 1 million
financial sources of the IMGC are supposed to include
membership fee and funds to be donated by supporting
organizations, but they do not yet exist in reality.
Financial Council has not been active at all. presenting
this report in its proxy.
the reason why I am Does it mean that there is no way-out to
settle the finance of the IMGC?
no need to be disappointed.
mentioned in the previous report, there are many possible
ways to settle it.
words, if we all join hands to make the International
Martial Arts Games a really international event, we will
have many supporters coming to us.
possibility is the organization of MGC Foundation. I would
like to draw your attention to this option.
also consider the issue of membership fee.
that the current Congress would fully discuss the financial
issue of the IMGC, I look forward to your active cooperation
for its settlement.