South Korea will cover nearly more than $2.5 million at winter Olympic game

BY SUSAN KONIG
Posted on FEB 20, 2019

In an effort to possibly pave the way for Inter-Korean peace, South Korea will pay $2.65 million to cover North Korea's expenses at the winter Olympic games.

On Wednesday (Feb. 14), South Korea approved a government plan which will cover all of North Korea's expenses at the 2018 Olympics in PyeongChang Olympics,

The fund, approved by the South and North Exchange and Cooperation Promotion Council, costs roughly 2.86 billion won (roughly $2.65 million), according to the Korea Herald. It will cover the expenses of hundreds of North Korean participantsincluding cheerleaders, art performers and the taekwondoe demonstration team. All members are part of North Korea's involvement in the PyeongChang games.
"The North Korean delegation's participation in various forms is serving as a pretty good opportunity to (achieve) Seoul's goal to hold an Olympics of peace and becoming an important chance for harmony that improves the inter-Korean relationship and opens up the door for peace on the Korean Peninsula,"Unification Minister Cho Myoung-gyon said.

"This could further pave the way for (inter-Korean) discussion to build and sustain peace on the peninsula," Cho added.

Whether or not South Korea will fund North Korea's participation in the Paralympics, which take place in PyeongChang in March, remains to be seen. The Korea Herald reports that it will be determined at a future council meeting

 

 

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