Wealth. That can be a tricky word. There are many connotations in English and the word ‘wealth’ is not always easy to translate into other languages. For many it is mainly about money. But that is only partly true. One can be financially wealthy and socially poor with no friends.
There are different kinds of wealth: financial, social, intellectual, cultural, and spiritual. Wealth can be created, shared, hoarded and destroyed. Hoarding is condemned, and destruction is certainly not commended!
Sharing is good and it is often encouraged. But there is never any wealth to be shared unless it has been created. Wealth creation is actually both a godly gift and a command.
Our views on wealth, wealth creation and wealth creators are important.
1. SfK MB Academy's (MBA) new online training program, Business Management Training or BMT, began both English and Korean tracks during the week of August 17tth. God has blessed the program with 12 participants for each of the tracks, taking part from 12 nations. Praise the Lord! A total of 17 lecturers and 2 coordinators are serving together for the program. Please pray that all participants and the lecturers will learn and benefit from the program.
2.SfK MB Academy's online platform is now up and running. Please pray that this platform may be used for equipping more missional entrepreneurs in remote areas to be more creative and effective.
3 SfK Korea is proceeding to sell a portion of its ownership stake in Hesed Global to expand its equity investment fund. Please pray that the transaction will be consummated amicably.
4. Hesed Global, the trading platform of SfK Network, has spun off its Open Box division for a more independent management while maintaining the affiliation within the network. Its branch network has grown to 10 locations and continues to grow. Please pray that the business will remain focused on God's calling and purpose while growing.
5. Hesed Cambodia has exported dried mango and palm sugar products to the U.S. Also, it has completed the delivery of 2,000 emergency relief packages to KOICA and received favorable responses. Praise the Lord! May this opportunity lead to opening new doors of opportunity.
6. Joybells America continues to make a breakthrough with large retail supermarket chain stores to promote the dried mango and palm sugar products imported from Cambodia. Please pray that this first shipment will find the right buyers in a timely manner.
Upcoming Events & Prayer Requests
SfK MB Academy's BMT continues. It takes a great deal of coordination to carry out two language tracks among 17 lecturers and 26 participants. Please pray that all parties concerned will be mindful and conscious of the timely preparation for the online training program.
Jeffrey Lee, SfK's CEO, and his wife Kristin will leave Thailand in October and relocate temporarily to Dallas, Texas. This relocation is due mainly to travel restrictions imposed on foreigners entering the country. Please pray that this relocation goes well and that the Lord will show the way to continuing to carry out the ministry without disruption.
SfK MBA has begun a discussion to collaborate with a Korea-based BAM ministry in running a Korean training program. The initial discussion is favorable on both sides, thanks to God's grace. Please pray that the discussion will proceed to bear a fruit that will be pleasing to the Lord.
SfK is in discussion with a U.S.-based BAM ministry to explore ways to collaborate for His Kingdom. This ministry consists of three separate entities to provide integrated support for BAM practitioners. Please pray that this collaboration under consideration will bear fruits that will produce synergy for His Kingdom.
SfK Korea board meeting is scheduled for November. Please pray that this meeting will continue to provide godly guidance for the business activities in 2021 and beyond.
SfK Life board meeting is scheduled for November. Please pray that this meeting will be instrumental in establishing a new 3-year strategic plan and a business plan for 2021.
Thank you for standing with us through prayer and support as we continue to equip and empower missional businesses in Asia and Africa.
May the Lord bless you abundantly with His heavenly peace, particularly during this challenging time, so that you may be instrumental in being the light and salt of the society you being to for people in need around you and around the world!
Consider a charitable contribution in partnering with SfK