IOC donates share of Gangwon 2024 surplus to support legacy initiatives

03 July 2025 – The Gangwon 2024 Winter Youth Olympic Games Organising Committee (YOGOC) has reported that its operating budget from the successful delivery of the Gangwon 2024 Youth Olympic Games (YOG) shows a surplus of KRW 1.85 billion (approximately USD 1.4 million). The International Olympic Committee (IOC) will contribute its share of the surplus, KRW 0.37 billion (approximately USD 0.3 million), to the PyeongChang Legacy Foundation in order to reinforce the development of youth sport and the long-term benefits of the Games in the region.

Gangwon 2024 surplus distribution

In line with the host contract, the surplus of KRW 1.85 billion, resulting from the planning, organising, financing and staging of the YOG, will be between the National Olympic Committee (20 per cent), the YOGOC (60 per cent) – to be used exclusively for the development of sport in the host territory – and the IOC (20 per cent).

The IOC has confirmed that its share of the surplus, amounting to KRW 0.37 billion, will be donated to the PyeongChang Legacy Foundation, reinforcing its ongoing commitment to Olympic legacies and positively impacting the region through sport. The YOGOC has also designated its share, amounting to KRW 1.11 billion, to the same foundation.

Strong Gangwon 2024 financial results

The YOGOC, in its dissolution phase, confirmed its total operational expenses amounted to KRW 74.26 billion (approximately USD 53.9 million), while revenues reached KRW 76.11 billion (approximately USD 55.3 million). The positive financial results reflect the effective management of resources and the strong coordination between organisers and stakeholders.

The IOC considerably supported the success of Gangwon 2024 with an investment of USD 34.1 million.

The YOGOC also managed additional activities on behalf of the government and related organisations, which provided KRW 20.11 billion in extra funding for responsibilities falling outside the YOG requirements.

The Gangwon 2024 Winter YOG took place from 19 January to 1 February 2024 and brought together 1,802 athletes from 78 National Olympic Committees. The next edition of the Summer YOG will be held in Dakar, Senegal, from 31 October to 13 November 2026, followed by the Winter YOG in 2028 in Italy’s Dolomiti Valtellina region.