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PyeongChang Winter Olympics Unveil Medals Inspired By Korean Alphabet

Published in SportsBusiness Daily Global on 09 / 22 / 17

Medals to be awarded at the 2018 PyeongChang Winter Olympics were unveiled Thursday, "with the Korean alphabet hangeul as their motif," according to Yoo Jee-ho of YONHAP. Presented at a ceremony held at the Metropolitan Museum of Art in N.Y. with South Korea President Moon Jae-in in attendance, Gold...

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APO President Says Rio Budget To Increase

Brazilian Olympic Public Authority (APO) Acting President Marcelo Pedroso said that the APO will "register an increase" in the budget for the Rio de Janeiro Olympic Games, according to Paulo Roberto Conde of FOLHA DE SÃO PAULO. The document will be "newly updated by the end of this month ...

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Rio Olympic Village Five Times Costlier

Rio de Janeiro's Olympic Village will cost five times more than the amount included in the city's bid -- but "promises to have high-quality features for the delegates that has never been seen before in the history of the Games," according to Tiago Leme of ESPN. The Village is located in the Barra da ...

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Tokyo Olympics Minister Under Fire

Political groups linked to Toshiaki Endo, the newly appointed minister in charge of the 2020 Tokyo Olympics, "received millions of yen in donations" from execs at a meat producer on the same day in '13, raising questions about their propriety, according to KYODO. If the execs "had used company money ...

Tags: Olympics, Japan

Tokyo, Japan Talk Cost Sharing

The governor of Tokyo and Japan's Olympics minister agreed Wednesday "to set up a working group to consider how the metropolitan government can share the ballooning costs for building the country's new national stadium for the 2020 Tokyo Olympics," according to KYODO. Tokyo Governor Yoichi Masuzoe, ...

Tags: Japan, Olympics

Budapest Moving Forward With '24 Bid

Hungarian lawmakers have "voted in support of a bid by the capital city of Budapest to host the 2024 Summer Games," according to the AP. The bid has already "received the backing" of the Hungarian Olympic Committee (MOB) and the Budapest city council, with the government's approval expected soo ...

Tags: Olympics, Europe

Beijing 'Indifferent' About 2022 Games

Poorly attended news conferences, a meager global social media footprint and lack of "much obvious" enthusiasm on the ground: Beijing looks like an "improbable front-runner" to win the right to host the 2022 Winter Olympics, according to REUTERS. With Oslo dropping out of the race last year Bei ...

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Rio Olympic Park Opens Electrical Substation

After 12 months of construction and an initial investment of R$152M from the Brazilian Ministry of Mines & Energy, Rio de Janeiro's Olympic Park will have its own electrical substation to "generate electricity during the event," according to GLOBO ESPORTE. The substation will "ensure the supply ...

Tags: Olympics, Brazil

Rio 2016 Olympic Torch Revealed

The Rio 2016 Olympic torch was unveiled on Friday in Brasília. Its design aims to reflect the meeting of the Olympic flame with the warmth of the Brazilian people. The torch was revealed at an event -- attended by Brazilian President Dilma Rousseff, Rio 2016 Organizing Committee Pre ...

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Rio Subway At 'High Risk' Of Incompletion

The Rio de Janeiro State Audit Court (TCE) said that there is a "high risk" that a subway line extension for the 2016 Olympics will not be ready in time for the Games, according to Marco Grillo of O GLOBO. The TCE said that there are three "critical points: the excavation of tunnels," construction o ...

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IOC Hails Tokyo 2020's Frugal Budget

The IOC on Wednesday "sought to deflect attention from a row over Tokyo's planned National Stadium" by praising organizers for keeping the 2020 Games budget in check, according to the AFP. IOC VP and Tokyo 2020 Coordination Commission Chair John Coates said that Tokyo had made "outstanding progress" ...

Tags: Olympics, Japan

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