Investment To Boost PyeongChang 2018's Winter Bid

Jin-Sun Kim, Governor of Gangwon Province and Co-Chairman of the PyeongChang 2018 bid committee, and Young Choi, Chief Executive of Gangwon Land, announced Thursday an investment initiative to develop local ski jumping facilities and provide young people with new opportunities to participate in the sport.

The agreement between Gangwon Province and Gangwon Land, a leisure and entertainment resort, will enable ski jump athletes at Gangwon Province’s High1 Sports Club and young ski jump prospects to have access to the ski jump venue at PyeongChang’s Alpensia Resort, one of the principal Olympic clusters in PyeongChang’s 2018 bid, that would be the location of the main Olympic Village and several competition venues, said a press release.

Gangwon Land is also supporting the development of ski jumping by investing $4 million on equipment and coaching over the next four years.

Co-Chairman Jin-Sun Kim said, “we are very proud of our world class experience in ice sports, particularly short track speed skating and figure skating, and the excellent performances of our athletes at the Vancouver Winter Olympic Games highlighted our strength in these disciplines. We now look to improve our performances in other winter sports and this landmark investment will provide us with the momentum to inspire young people to participate in ski jumping, help develop their skills, and grow further interest in winter sports”.