PyeongChang 2018 has pledged to respect the rules of the International Olympic Committee (IOC) following a conflict-of-interest investigation into sponsorship contracts tied to PyeongChang.
In a press release the bid committee said, “we are aware of the decision taken by Korean Air to delay their sponsorship of the International Skating Union until after the host city decision on the 2018 Winter Olympic and Paralympic Games.
“We appreciate the logic of this decision at this time which has also been conveyed to the International Olympic Committee. We believe that this matter is now closed and we can all move forward into the next phase of the 2018 bid campaign.
“PyeongChang 2018 has always been and continues to remain committed to complying with all IOC rules and regulations”.
Wednesday the International Olympic Committee ethics commission ordered PyeongChang to “fully respect the rules of conduct” after two South Korean companies signed sponsorship deals with international sports federations headed by IOC members.