Korea Airports Corporation to sponsor PyeongChang 2018

Seoul-based company becomes latest partner of next year’s Winter Olympics.

Korea Airports Corporation to sponsor PyeongChang 2018

The Korea Airports Corporation (KAC) has confirmed a sponsorship deal with the PyeongChang 2018 Winter Olympic Games.

The company, which carries out construction, checks and balances, management and operation of airports, signed the agreement at its headquarters in the South Korean capital of Seoul, with PyeongChang 2018 organising committee president Lee Hee-beom in attendance.

The financial terms of the partnership have not been made public. The announcement coincides with the release of a sales update which says that only 30.3 per cent of tickets for the Games have been sold with less than four months to go until the opening ceremony, while less than five per cent have been sold for the Paralympics.

“We truly appreciate KAC for their generous donation to the Winter Games PyeongChang 2018," said PyeongChang 2018 president Lee. “The response we have had from local companies has been outstanding and we feel this shows that the passion and excitement around the Games for the people of Korea is building and that they will come together to enjoy the biggest winter sports event ever to be held in Asia.

“With only four months to go until the start of the Games, we encourage everyone to buy their tickets now and get ready to witness what will be a showcase of the best winter sports athletes in the world, as well as a showcase of Korean culture.”

Sung Il-Hwan, president and chief executive of KAC, added: “PyeongChang 2018 is a momentous occasion for Korea and as a local company with economic growth and development at the heart of our mission, we wanted to play our part to help ensure that the Games is as successful as it can be.

“As a company we are excited that we will be welcoming the world through many of our airports and we will be doing all we can to ensure everyone has the best experience possible.”

The PyeongChang 2018 Winter Olympic Games will be the 23rd edition of the multi-sport event, and is scheduled to take place from 9th to 25th February.