IOC forces postponement of Korean sponsorship deal
The International Olympic Committee forced Korean Air to delay a deal with the International Skating Union (ISU) after ruling it presented a conflict of interest for Pyeongchang’s 2018 Winter Games bid.
Berlin: The International Olympic Committee forced Korean Air to delay a deal with the International Skating Union (ISU) after ruling it presented a conflict of interest for Pyeongchang’s 2018 Winter Games bid.
It also issued a warning to the South Korean bid leader to stick to the rules.
The IOC last week launched an investigation into the agreement with the ISU by Korean Airlines as well as a deal involving Korean electronics firm Samsung with the international rowing federation, FISA.
The heads of both federations are IOC members and are eligible to vote in next year’s 2018 Games host city election.
Germany’s Munich and France’s Annecy are also in the running with a decision to be taken on July 6, 2011, in Durban, South Africa.
“The ISU and Korean Air -- a partner of the Pyeongchang 2018 bid committee -- have agreed to postpone their partnership until after the vote on who will host the Olympic Winter Games in 2018,” the IOC said in a statement.
“The Ethics Commission reminded Pyeongchang 2018 and its related organisations to fully respect the rules of conduct related to candidate cities and issued a warning.”
The IOC said Samsung’s deal with FISA did not infringe IOC rules.
“FISA president and IOC member Denis Oswald decided to abstain from voting in Durban to avoid a perception of conflict of interests. The IOC ethics commission recognised that FISA and its president acted in good faith,” it said.