Korea to spend W937.2b won in 2017 for Winter Olympic preparations

South Korea plans to spend 937.2 billion won this year in support for the 2018 PyeongChang Winter Olympic and Paralympic Games preparations, the sports ministry said Tuesday. The Ministry of Culture, Sports and Tourism said its 2017 budget for the Olympic preparations is down 49.4 percent from 2016, due largely to a decrease in costs of facility construction that has entered the final stretch.