Surprising news. According to Chosun Ilbo, the PyeongChang 2018 Winter Games would have plunged Gangwon Province into the red. The Korean daily reveals that the provincial government is currently facing serious financial difficulties. In particular, the maintenance costs of several Games infrastructures, such as the ice oval and the Gangneung hockey center, but also the Alpensia complex. The province asked the Korean government to cover 75% of the bill, but was reportedly refused as Seoul did not want to set a precedent. At the same time, subcontractors claim to have never been paid. However, the IOC assured, last July, that the organization of the PyeongChang Winter Games would leave a profit of several million dollars.
— Published September 2, 2018
