promotion image of download ymail app

Korean Olympic Gold Medal Winner Incentives?

Years ago I heard that Korean Olympic Gold Medal Winners receive awards/incentives from the Korean Government for winning a Gold Medal during the Olympics (Summer or Winter).

One item I heard was the Gold Medal winner receives a free apartment for life.

Any provided information is appreciated.

Any links provided would also be appreciated.


2 Answers

  • 8 years ago
    Favorite Answer

    According to Korea Sports Promotion Foundation (KSPF) policy, an Olympic gold medalist can earn 1 million won a month along with 90 pension points, while silver and bronze winners can make 450,000 won (30 points) and 300,000 (20), respectively. Also, once athletes surpass 110 points, they receive one-time bonuses dependent on what color of medal they win.

    If an athlete wins a gold medal, they receive 5 million won for every 10 points over 110, or 1.5 million won for a silver or bronze.

    In addition to the pension and the bonuses, the medal winners will take a big wad of cash from the government and IOC member and former Samsung Chairman Lee Kun-hee.

    The government promised 40 million won for each gold medal, 20 million won for a silver and 12 million won for a bronze. Lee has said he'll add half of what the government gives (prizes of 20, 10 and six million won).

    • Commenter avatarLogin to reply the answers
  • 4 years ago

    the international has lost a real and uncommon megastar contained in one in each of those Michael Jackson. in no way has there been such a great skills as him. His skills and fan base has been while in comparison with that of The Beatles and Elvis, yet i think of its honest to declare that he's a legend plenty larger than the different band or artist. His songs have been fairly influential to the song international and set a typical so extreme that no longer something because of the fact has truly in comparison. there has been no different artist who has performed such dizzy heights as Jackson. For me, Michael Jackson inspired me together with his dancing means and his songs. there is no longer a music of his that i do no longer love. i recognize numerous the words to his songs, and would desire to video demonstrate his dancing for hours on end. Now i wasn't some great fan, yet i've got faith he grew to become right into a real idol and that i do no longer think of the international will see the form of skills ever lower back. i've got faith he grew to become into misunderstood and his quirky (and each sometimes slightly off the wall) techniques have been taken thoroughly the incorrect way via the international. It saddens me that the international is the form of judgemental and vicious place, and that i want he would have seen what proportion dependable and loving followers he had. RIP Michael Jackson.

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.