Do Olympic Gold Medalists Earn Anything in South Korea?
For winning an Olympic gold medal, South Korean athletes receive a lump sum of 300 million won (approximately $270,000) from the government. They also get a monthly pension of 5 million won (approximately $4,500) starting at the age of 65. In addition, gold medalists are exempt from military service, which is mandatory for all able-bodied South Korean men.
Companies and sponsors often offer additional bonuses to Olympic winners. For example, Hyundai Motors awarded its gold medalists in the 2018 PyeongChang Olympics a Genesis G90 car worth 90 million won (approximately $81,000).
The South Korean government's support for Olympic medalists is designed to recognize their achievements and inspire future generations of athletes. The financial rewards and other benefits help ensure that Olympic medalists can continue to pursue their athletic careers and enjoy a comfortable life after retirement.
FAQs:
- How much prize money do Olympic gold medalists get in South Korea? $270,000
- Do gold medalists get a monthly pension in South Korea? Yes, they receive a monthly pension of $4,500 starting at age 65.
- Are Olympic gold medalists exempt from military service in South Korea? Yes, they are exempt from mandatory military service.
- What additional bonuses do gold medalists receive from companies and sponsors? They often receive bonuses such as cars and cash.
- Why does the South Korean government support Olympic medalists? To recognize their achievements and inspire future athletes.
Related Hot Sale Products:
- Yonex Astrox 99 Badminton Racquet
- Li-Ning Windstorm 78 Badminton Racquet
- Victor Thruster K Badminton Racquet
- Mizuno Wave Fang 3 Badminton Shoes
- Ashaway Zymax 66 Badminton Strings
Pre：How much money does the richest swimmer make
Next：Does it make a difference in your swimming if you have really long nails Is it allowed in official big swimming competitions