South Korea pays $2.64m to cover North Korea's PyeongChang costs
The South Korean government is contributing $2.64 million to the costs of the participation of North Korea in the winter Olympic Games presently under way in PyeongChang in South Korea, the country’s unification ministry said today.
The contribution will cover the costs of tickets, accommodation, food and transport for the cheerleaders, taekwondo performers, orchestra and journalists. The costs of the 22-strong North Korean team are being covered by the International Olympic Committee.
Cho Myoung-gyon, South Korea’s unification minister, said: “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.”
However, Cho added that South Korea is maintaining existing United Nations sanctions and other restrictions, as it hosts the North Korean delegation.