IOC Takes Action On PyeongChang 2018 Conflict Of Interest

The International Olympic Committee (IOC) Ethics Commission has issued a statement following a conflict-of-interest probe concerning partnership deals involving International Sports Federations and commercial partners.

The IOC issued a warning to PyeongChang 2018 officials Wednesday, ordering PyeongChang to “fully respect the rules of conduct” after two South Korean companies signed sponsorship deals with international sports federations headed by senior IOC members.

The International Skating Federation (ISU) and Korean Air – a partner of the PyeongChang 2018 bid committee – have agreed to postpone their partnership until after the vote on the host city of the 2018 Winter Games. The election takes place in Durban July 6, 2011.

The Ethics Commission reminded PyeongChang 2018 and its related organizations to fully respect the Rules of Conduct related to Candidate Cities, and issued a warning.

The Ethics Commission also looked into the partnership deal between the International Rowing Federation (FISA) and Samsung, a global (TOP) sponsor of the Olympic Movement, and found that the agreement did not infringe IOC rules.

Meanwhile FISA President and IOC member Denis Oswald decided to abstain from voting in Durban to avoid a perception of conflict of interest. The Ethics Commission recognized that FISA and its president acted in good faith, said an IOC statement.

PyeongChang is competing against Munich and Annecy for the 2018 Winter Olympic Games.