Annecy 2018 bid signs new partner

PyeongChang’s bid to host the 2018 Winter Olympic Games has signed a sponsorship deal with GS Group, the seventh largest privately owned company in South Korea.

GS Sport, a subsidiary of GS Group, already owns the FC Seoul football team as well as the GS Caltex Seoul women’s volleyball team.

President and chief executive of GS Sport, Chong Soo Chung, said: “We are excited to be involved with the Pyeongchang bid as the race to host the Games gathers momentum.

“We look forward to working with the business community in Korea and fellow sponsors of Pyeongchang 2018 to provide full support for the bid in the coming months.”

Chairman and chief executive of the bid committee, Yang Ho Cho, added: “The GS Group are a global business leader and they will provide excellent support to the bid over the course of the campaign.

“This is another sign that the business community in Korea is fully committed to the 2018 bid and I am excited to work with the new sponsors to promote the campaign in the lead up to the International Olympic Committee decision in July next year.”

PyeongChang is bidding against Annecy, France, and Munich, Germany, to host the event in 2018.