Seoul approves USD$2.64 million budget for N. Korean Olympic participation | NK News
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September 29, 2026Sep 29, 2026

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Seoul approves USD$2.64 million budget for N. Korean Olympic participation

Funding to pay for entry fees, accommodation, and transport for athletes, cheerleaders, and press

The South Korean government on Tuesday passed a proposal allowing USD$2.64 million in funding for North Korea’s participation in the PyeongChang Winter Olympics, the Ministry of Unification (MOU) announced.

The money will pay for amenities for the DPRK delegation during its visit, as well as cultural and exchange projects, and will come from the Inter-Korean Cooperation Fund (IKCF).

The IKCF approved the funding of around KRW2.86 billion (USD$2,640,324) at a Tuesday meeting convened by Minister of Unification Cho Myoung-gyon.

The fund will cover the costs for a 229-member North Korean cheering squad, a 137-member art troupe, a 35-member Taekwondo demonstration