Martial Arts Company Unwavering After Leader's Death.
THE DICTATORSHIP THAT WAS the World Traditional Taekwondo Union Inc. of Little Rock has been divided into three branches of government following the death of Grand Master Haeng Ung Lee Haeng Ung ("H.U.") Lee (July 20, 1936 - October 5, 2000) was the founder, president, and first Grand Master of the American Taekwondo Association. Lee was born in Manchuria, China after his family had left Korea. .
Before he died Oct. 5 after a six-month battle with lung cancer lung cancer, cancer that originates in the tissues of the lungs. Lung cancer is the leading cause of cancer death in the United States in both men and women. Like other cancers, lung cancer occurs after repeated insults to the genetic material of the cell. , the founder of the world's largest martial arts This is a list of martial arts, broken down by region and style. African martial arts
"He knew that everything that he did was so hard to do," said Senior Master In Ho Lee, WTTU WTTU World Traditional Taekwondo Union chief executive officer and one of H.U. Lee's five brothers. "He realized that there needs to be more people involved to make sure that the organization can continue."
Haeng Ung Lee left an organization with annual revenue of $11 million, 150,000 students in 1,300 licensed schools, and about 90 employees at the corporate headquarters. Company officials expect 20 percent revenue growth this year.
But as yet, there isn't a new grand master, a title reserved for the company's only ninth-degree black belt. (H.U. Lee was posthumously post·hu·mous
1. Occurring or continuing after one's death: a posthumous award.
2. Published after the writer's death: a posthumous book.
3. awarded a 10th-degree black belt and elevated to eternal grand master.)
That mammoth task befalls another brother, Chief Master Soon Ho Lee, an eighth-degree black belt.
In Ho Lee, a seventh-degree black belt, said that having his older brother become the next grand master is the company's "first priority."
After Grand Master Lee's death, the company divided itself into a Martial Arts Council that oversees curriculum development and goals, a Business Council that puts everything together to meet those goals, and a grand master to act as the figurehead figurehead, carved decoration usually representing a head or figure placed under the bowsprit of a ship. The art is of extreme antiquity. Ancient galleys and triremes carried rostrums, or beaks, on the bow to ram enemy vessels. and envoy to the public.
In Ho Lee said the system is modeled after the executive and legislative branches of the federal government, in which the House of Representatives oversees appropriations, the Senate handles treaties and overreaching Exploiting a situation through Fraud or Unconscionable conduct. goals, and the president is the public figure at the helm.
"Basically, the five-person Martial Arts Council says this is what we want to do, the four-person Business Council says this is how we're going to do it, and the grand master makes it happen," In Ho Lee said.
The company's revenue stream comes from three sources.
The WTTU and the ATA (1) (AT Attachment) The specification for IDE drives. See IDE.
(2) See analog telephone adapter.
ATA - Advanced Technology Attachment divisions employ 30 to 40 at the corporate headquarters and bring in $5 million annually through the company's licensed - training schools.
The Superior Credit Services division provides billing service for the entire enterprise and offers financing to qualified school owners to open or expand schools. It generates about $1 million per year and employs 15.
And the World Martial Arts division sells merchandise through licensed schools, bringing in another $5 million annually. World Martial Arts' 30 employees also embroider em·broi·der
v. em·broi·dered, em·broi·der·ing, em·broi·ders
1. To ornament with needlework: embroider a pillow cover.
2. student's uniforms and produce 15,000 belts each month for WTTU and ATA members.
In Ho Lee said the company's future growth is tied to opening more schools and seeing them succeed.
"The WMA (Windows Media Audio) An audio compression method from Microsoft. Known originally as MSAudio, this proprietary format competes with the MP3 and AAC methods. WMA encodes rapidly and is known to be especially effective at low bit rates. and SCS are more revenue for us, but we've got to have training centers to support their business," he said. "Now, there are a lot of martial arts schools that open and close because the owners don't know Don't know (DK, DKed)
"Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. how to operate them as a business."
To ensure that its school owners stay in business, the WTTU and ATA train them to instruct students and put them through a business training course that lasts four days. The company also provides support to school owners.
And the ATA World. Championships held in Little Rock each June generate revenue for the company, too. The event usually draws about 2,300 competitors, but In Ho Lee said he is expecting about 2,500 competitors this year at the Statehouse state·house also state house
A building in which a state legislature holds sessions; a state capitol.
NZ a rented house built by the government
Noun 1. Convention Center.
"Overall, about 10,000 will be here with all the spectators," he said. "A few years ago, the competition generated about $7 million in revenue for greater Little Rock."
This year, pop singers Jessica Simpson and Mandy Moore will perform at the Statehouse Convention Center on June 9 to appeal to younger competitors.
The WTTU was preceded by the American Taekwondo Association The American Taekwondo Association (ATA) was founded in 1969 in Omaha, Nebraska by Haeng Ung Lee of South Korea. It is one of the largest Taekwondo organizations in the United States, and in association with the Songahm Taekwondo Federation (STF) and , which H.U. Lee started in 1969 in Omaha, Neb. He moved the company to Little Rock in 1977.
"It's too cold in Omaha," In Ho Lee said. "We had a field operation here, and my brother felt he needed to be here. He found the climate similar to Korea and was close to the same latitude."
H.U. Lee also liked the pine trees and, a golfer, he found the year-round golf appealing.
The head of a rival martial arts organization celebrating its 20th anniversary this year, the U.S. Taekwondo Federation of Hot Springs, said Arkansas was ripe for the martial arts.
"This is the mecca of martial arts," said Scott McNeely, president and director of operations for USTF USTF United States Taekwon Do Federation
USTF United States Tuna Foundation
USTF Uniformed Services Treatment Facility
USTF United States Tennis Federation . "Back in 1970, there were some clubs, YMCAs and the like, that were among the first in the nation to offer martial arts training. We had a thorough in-state network in place. That may be why ATA located here." (See sidebar.)
In 1983, H.U. Lee developed a new form of taekwondo called songahm taekwondo. The WTTU was formed in 1991 to supervise the company's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . Just four years ago, it scrapped plans to build a $6 million, 45,000-SF corporate headquarters and songahm taekwondo museum at the southwest corner of Chenal Parkway and West Markham Street after a public stock offering failed.
The company had hoped to raise $2.5 million-$6.4 million by selling between 600,000 and 1.4 million shares. Despite extending the deadline twice, the company sold only 30,000 shares. The 3.5-acre site that WTTU purchased in November 1994 for $1.09 million was sold to Bank of the Ozarks for $1.8 million, generating enough profit to cover the cost of the unsuccessful stock offering.
But In Ho Lee still feels the pain of that failure.
"That memory still hurts," he said. "People still don't see martial arts as a money-making business. It's hard to convince an underwriter that there is money in it. If they see the real business, they will underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue.
The word underwrite has two meanings. us."
He said the company doesn't have any IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. thoughts in the near future, but someday, the public will realize the potential of the martial arts market.
"It will be big," he said.
After the plans for a new headquarters fizzled, Grand Master H.U. Lee and his minions sucked up their loss and renovated the company's headquarters at Baseline and Geyer Springs Roads in southwest Little Rock.
The $2 million expansion project quadrupled the facility's size to 40,000 SF, and the building was renamed the International Headquarters and Songahm Museum.
The museum opened a year ago. It starts in the lobby and includes Grand Master H.U. Lee's personal office and workout room and is packed with mementos presented to the grand master and the company since its inception.
Competing Taekwondo Group Celebrates 20 Years
ARKANSAS'S SECOND martial arts group, the U.S. Taekwondo Federation in Hot Springs, is celebrating its 20th anniversary this year.
"We were started in September 1981 by Jim Bottin," said Scott McNeely, USTF president and director of operations. "We have more than 100 schools nationwide, with 8,000-9,000 members."
McNeely said that some of the USTF's personnel in the early days were involved with the American Taekwondo Association, but most of those ties have been severed sev·er
v. sev·ered, sev·er·ing, sev·ers
1. To set or keep apart; divide or separate.
2. To cut off (a part) from a whole.
Bottin, a familiar name in the fitness industry in Arkansas, sits on the advisory council to the USTF and will be at the 20th anniversary shindig shin·dig
1. A festive party, often with dancing. Also called shindy.
2. See shindy.
[Probably alteration of shindy. . McNeely said high-ranking martial arts practitioners from around the country will attend the ceremony. And Gov. Mike Huckabee This article or section contains information about one or more candidates in an upcoming or ongoing election.
Content may change as the election approaches. may be on hand.
McNeely, who was once an ATA instructor, said the two schools have a slightly different philosophy, although "both groups are interested in promoting positive influence throughout the community."
The primary difference is that there is more contact in USTF taekwondo, McNeely said, and USTF is more open to other martial arts traditions, particularly jujitsu jujitsu or jujutsu: see judo; martial arts.
Martial art that employs holds, throws, and paralyzing blows to subdue or disable an opponent. It evolved among the samurai warrior class in Japan from about the 17th century. .
In Ho Lee, the ATA's chief executive officer, agreed with McNeely.
"The purpose at out tournaments is to have a family fun atmosphere," Lee said. "They have a bloody fight. How is that fun for everybody?"
Lee and McNeely said their students seldom meet in competition because each company uses different formats and students typically compete in tournaments sanctioned by their respective governing body Noun 1. governing body - the persons (or committees or departments etc.) who make up a body for the purpose of administering something; "he claims that the present administration is corrupt"; "the governance of an association is responsible to its members"; "he .
"McNeely said open tournaments, in which students from all training backgrounds compete, are difficult because each tradition follows different rules.
The USTF has employees at its headquarters and has distribution company that markets merchandise and support materials.
"We're growing right now, probably expecting a 30-40 percent growth rate in students and revenue," McNeely said. "In the last two to three years, we've been preparing ourselves for this year."