POSTED: November 4th 2010

PyeongChang 2018 bid reassures their respect to IOC rules in Olympic campaign

PyeongChang looks to become the premier winter spots hub in Asia / PyeongChang 2018
PyeongChang looks to become the premier winter spots hub in Asia / PyeongChang 2018

LAURA WALDEN / Sports Features Communications

TAMPA/SEOUL, Nov 4: In response to the IOC’s investigation to a possible conflict of interest released yesterday the PyeongChang 2018 bid committee has vowed to make sure the ethical rules for the bidding process are respected. PyeongChang is in the running to host the Olympic winter Games.

Questions were raised as to whether the sponsorship deals involving the International Skating Federation (ISU) and Korean Air and electronics conglomerate Samsung and the International Rowing Federation (FISA) were in accordance with bidding guidelines.

The ISU and Korean Air sponsorship has been postponed to take effect until after the vote in July 2011 when the IOC chooses a host city for the Olympics and Paralympics. The accord with FISA and TOP sponsor Samsung was deemed acceptable within the IOC rules and regulations.

The PyeongChang bid states:

"We are aware of the decision taken by Korean Air to delay their sponsorship of the International Skating Union until after the Host City decision on the 2018 Winter Olympic and Paralympic Games.

"We appreciate the logic of this decision at this time which has also been conveyed to the International Olympic Committee. We believe that this matter is now closed and we can all move forward into the next phase of the 2018 bid campaign.  

“PyeongChang 2018 has always been and continues to remain committed complying with all IOC rules and regulations."

PyeongChang is competing against Munich and Annecy to win the vote to host the winter Olympics following the Sochi 2014 Games. The Korean bid is making its third Olympic campaign to stage the Games losing the last two rounds by a mere handful of votes.

The bid hopes to bring the Games to Asia and develop the winter sports market on the continent and create a social legacy.

Keywords · PyeongChang 2018 · IOC · winter Olympics · Paralympics · Olympic bidding

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