GamesBids.com: South Korea Investment Boosts PyeongChang 2018 Bid

South Korea Investment Boosts PyeongChang 2018 Bid
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GB Staff on Thursday, July 22, 2010  11:50am EDT
 
The South Korean government announced Thursday new investment plans to develop
winter sports facilities and help winter athletes improve their performance.
The Korean Olympic Committee (KOC), supported by the Ministry of Culture, Sports
and Tourism (MCST), is investing 1.2 billion South Korean Won (about one million
USD) to operate a new training centre in PyeongChang for athletes, and provide
off-season training opportunities for snow sports, including Ski, Biathlon,
Bobsleigh and Skeleton.
The new training centre, which will accommodate 500 athletes, will open at
Gangwon Province's Alpensia Resort this summer, and also from December to March
2011.
The Alspensia Resort is one of the main Olympic clusters in PyeongChang's bid
for the 2018 Winter Olympic Games and would be the venue for the Olympic
Village, as well as for several competition venues.
PyeongChang 2018 Chairman and CEO Yang-Ho Cho said, "we thank the government for
this significant investment which will improve our winter sports facilities,
help to enhance our athlete's performance, and encourage greater interest and
participation in winter sports in Korea and Asia".
PyeongChang is competing against Annecy and Munich for the right to host the
2018 Winter Olympic Games.