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POCOG President and CEO Kim Jin-Sun at the press conference on Saturday afternoon.
PyeongChang 2018 prepares for flag handover ceremony in Sochi

22 Feb 2014
Sochi, Russia: The PyeongChang Organising Committee of the 2018 Olympic and Paralympic Winter Games held a press conference in the Main Press Centre of Sochi 2014 on Saturday afternoon. The President and CEO of POCOG, Kim Jin-Sun, said that, as far as the Korean organisers were concerned, the PyeongChang Winter Olympics started as soon as they received the IOC flag from Sochi at the end of the closing ceremony on Sunday, February 23.

“We will do everything in our power to deliver the best Games,” he said. The President and CEO said that over 200 observers from Korea had been following the Games here in Sochi and that PyeongChang was convinced the 2018 Games would open “New Horizons” for winter sport in Asia and beyond as well as creating a winter sports hub and tourism resort for Korea and the region.

PyeongChang will present a cultural performance under the theme of “A Journey Together” during the Sochi closing ceremony which will reflect the culture and landscape of Korea and the region.

Answering questions from the media, Kim said he hoped DPR Korea would compete at PyeongChang in 2018 - the North has not entered a team in Sochi – and presented a budget of US$9 billion, comprised of US$2 billion for POCOG operating costs and non-POCOG expenditure of US$7 billion for venues and other infrastructure, some of it privately funded to leave a legacy of winter sports resorts and other facilities. The bulk of this US$7 billion is US$4 billion for a high-speed railway.

“The total of US$9 billion is lower than expected because we have started with many existing facilities,” he said. President Kim added: “Thirty years ago, people saw a developing country through the Seoul Olympic Games in 1988. One generation later, the world will be able to see a truly developed country Korea through the PyeongChang Games. This is all about our ‘New Horizons’ vision.”

The organisers are promising a compact Winter Games, with all venues within 30 minutes’ travelling distance of the main hub.
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