CEO’s Message
KSPO Fundraising and Fund Support Project
To date, KSPO sold Cycle & Motorboat Race betting tickets and Sports Toto and raised USD 22.76 billion until 2021. We are proud to report that except for essential operational costs, the entire sum has been returned to provide benefits for Korean society.
KSPO provided a total of USD 13.5 billion between 1989 and 2021 and plans USD 1.3 billion in 2021. 93% of the money which the Korean government currently spends on sports is raised by KSPO, and it has proved to be a very successful partner in developing the values promoted by sports.
KSPO Major Projects
KSPO is a quasi-governmental organization, funded by the government, which is charged with promoting accessibility to sports for everybody.
KSPO manages the operation of five key projects: 1) fundraising and fund management, 2) funding sports organizations and businesses, 3) fostering sports
industries, 4) research into sports policy and improving sporting performance, and 5) Seoul Olympic Legacy management
Fundraising and fund management
- KSPO utilizes both governmental funds and the funds KSPO generates itself to enhance the quality of sports provision and to make sports accessible for everyone.
- KSPO raises revenue through selling betting tickets (Sports Toto) for cycle and motorboat racing.
Funding Sports Organizations and Businesses
- KSPO makes financial contributions to local government and community organizations concerned with sports activities and programs.
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These funds are primarily devoted to the following:
- Sports for the disabled.
- Developing young athletic talent
- Expansion of infrastructure for leisure sports
- Safety inspections
- Distribution of vouchers for sports lessons/classes
- National Fitness 100 Service Program
- Facilitating the hosting of international sports competitions
Fostering sports industries
- KSPO makes financial contributions to foster sports-related industries.
- This funding has been used for R&D, for development of professional athletes, and for the Seoul International Sports Leisure Industry Show (SPOEX), among other targets. KSPO also supports other sports organizations by providing grants and loans.
Research into sports policy and improving sporting performance
- KSPO recognizes the importance of continuing to pursue higher sporting standards, in terms of both performance and fairness. KSPO, therefore, provides education and training for professional athletes and also conducts research into sports science and sports policy.
Seoul Olympic Legacy management
- KSPO administers Olympic Park and its associated stadiums and sports facilities, as well as the Seoul Olympic Museum of Art (SOMA). The goal of KSPO in the management of these facilities is to ensure that they are safe, accessible, and enjoyable for everyone. Moreover, KSPO designed the K-OVEP which aims to raise awareness of the true values of the Olympics.