Korea_Sports_Promotion_Foundation

Korea Sports Promotion Foundation

Korea Sports Promotion Foundation

Add article description


The Korea Sports Promotion Foundation (KSPO) is a government-funded independently operated company based in Songpa-gu, Seoul, South Korea. Founded in 1989 to continue the legacy of the 1988 Summer Olympics, it is run by the Ministry of Culture, Sports and Tourism.

Quick Facts Native name, Founded ...

History

The Korea Sports Promotion Foundation was founded as the Seoul Olympic Sports Promotion Foundation the year after the 1988 Summer Olympics hosted by Seoul.[1] Its original mandate was to manage the sports facilities, which have been opened for public use, specifically built for the Olympics due to concerns raised about Olympic venues being unused and going to waste at the end of the competition. The KSPO was founded to promote the use of those facilities by the public. Since then, it has expanded to include facilitating and supporting community-based sports programs, promoting an active lifestyle to the public and funding research in athlete performance.[2]

The company receives funding from the government and revenue earned from Sports Toto, one of the country's few legal betting services.[2][3]

Sports

The KSPO sponsors two professional sports team (cycling and women's football) and athletes in the Olympic disciplines of canoeing, diving, fencing and marathon running and Paralympic skiing.

Notable athletes on its roster include fencers Kim Jung-hwan and Gu Bon-gil and diver Woo Ha-ram.[9]


References

  1. "The Korea Sports Promotion Foundation". Olympics.com. June 17, 2020.
  2. "국민체육진흥기금" (in Korean). kspo.or.kr.

Share this article:

This article uses material from the Wikipedia article Korea_Sports_Promotion_Foundation, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.