POSTED: May 4th 2016

POCOG President Yang-ho Cho resigns and Lee Hee-beom nominated as replacement

Yang-ho Cho © POCOG
Yang-ho Cho © POCOG

Lee Hee-beom © POCOG
Lee Hee-beom © POCOG

26th Executive Board Meeting © POCOG
26th Executive Board Meeting © POCOG

MARISSA FLANDERS (USA) / Sports Features Communications

(SFC) The resignation of the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) President, Yang-ho Cho has been confirmed effective immediately.

"I would like to express my sincere appreciation to the Korean people for their support of PyeongChang 2018. I also thank the central government, Gangwon Province, the International Olympic Committee (IOC), International Paralympic Committee (IPC), Korean Olympic Committee (KOC), Korea Paralympic Committee (KPC) and all the international and national federations for their cooperation," expressed Cho.

In addition to serving as POCOG President, Cho is the Chairman of the Hanjin Group. This decision comes as one of the Hanjin Group's companies; Hanjin Shipping is facing serious financial issues. He will now focus his full attention on stabilizing and restructuring Hanjin Shipping.

Recognized with putting POCOG back on track, Cho became President in August 2014 and went right to work as he managed critical issues, including Olympic Stadium location disputes, controversy over venue relocation, marketing sponsorship recruitment, and delayed venue construction. He led the way to a successful hosting of the FIS Alpine World Cup in February at the new Jeongseon Alpine Center. Many doubts about the first official test event for POCOG were put to rest due to the favorable outcome.

Cho stated, "For the past two years, I have truly put forward my very best efforts to work with every member of the Organizing Committee to prepare a successful Olympic and Paralympic Winter Games in 2018," said Yang-Ho Cho.  "I can proudly say that POCOG has become a strong team, and the challenges we have overcome have allowed us to achieve success at our first official test events this past February."

"More than anything else, I am deeply grateful for the passion and dedication of each and every employee of POCOG under my leadership. I am confident that POCOG and the new leadership will move forward towards a successful 2018 Winter Games. I give my assurances that I will continue to support PyeongChang through to the Games in 2018," commented Cho.

With this news, POCOG has officially nominated Lee Hee-beom as the new President of POCOG following the 26th Executive Board meeting, in which all 23 members unanimously voted for his appointment.

Lee began his career in 1972 as a government official and went on to serve as Minister of Trade, Industry and Energy from 2003-2006. From there, he took up executive level positions at numerous companies and institutions, such as STX Energy, STX Heavy Industries, Korean International Trade Association, and Korea Employers Federation. Currently, Lee is an LG International Corporation advisor.

With his extensive and assorted experience, Lee has all that is required to handle the necessary problems and challenges that POCOG may face.

Lee's nomination will be ratified on May 12 through the POCOG General Assembly meeting and then the decision will need the Ministry of Culture, Sports and Tourism of Republic of Korea approval.

** MARISSA FLANDERS is a graduate of Saint Leo University with a Bachelor's Degree in Sport Business. She has over four years of writing experience and has a real passion for ice hockey following the Pittsburgh Penguins on her blog 

Keywords · POCOG · President Cho · Lee Hee-beom · PyeongChang 2018 · Olympics · Hanjin Group

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