Pyeongchang gets 1st sponsor for 2018 Olympics
Under a partnership between KT, the IOC, and the 2018 Winter Olympics Organizing Committee, these games will reportedly be the most advanced in terms of information and communication technology. Pic: AP
SEOUL, South Korea (AP) — It may have taken some time, but the 2018 Winter Olympics finally have their first domestic sponsor.
The Pyeongchang Organizing Committee said Tuesday that South Korean telecom giant KT Corp. has agreed to become the Games’ first Korean partner.
The announcement follows months of concerns that Pyeongchang had yet to secure a domestic sponsor, nearly three years after being awarded the 2018 Olympics.
KT will provide telecommunications services for the Games, including wireless communications and broadcasting facilities. The company is South Korea’s largest fixed-line telecom service provider and the second-largest mobile service operator.
IOC President Thomas Bach, who is scheduled to hold a press conference in the host city on Wednesday, attended the signing ceremony in Seoul.
READ MORE
- Guardians of the digital realm: How securing privileged accounts can help safeguard government institutions
- World Environment Day 2023: Five ways businesses can achieve supply chain sustainability
- The battle of VR headsets: Meta unveils Quest 3 right before Apple’s debut
- Here’s how Applied Materials manages supply chain and semiconductor research
- Business hubs in a decentralized world