Gangwon, Korea, July 6, 2025: The Gangwon 2024 Winter Youth Olympic Games Organising Committee has reported that its operating budget from the successful delivery of the Games shows a surplus of KRW 1.85 billion (approximately USD 1.4 million), Olympics.com reported July 3.
The 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.
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 divided 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 YOGOC has also designated its share, amounting to KRW 1.11 billion, to the same legacy foundation.
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 January 19 to February 1, 2024 and brought together 1,802 athletes from 78 National Olympic Committees in the first Winter YOG to be staged in Asia.