Lee Sang-hwa to Receive W60 Million in Reward for Gold Medal

      February 13, 2014 10:15

      Lee Sang-hwa celebrates during the flower ceremony for the women's 500-m speed skating race at the Adler Arena Skating Center during the Sochi 2014 Winter Olympics on Tuesday in Sochi, Russia. /Newsis

      Speed skater Lee Sang-hwa, who defended her Olympic title in the women's 500 m on Tuesday, will receive a W60 million tax-free reward from the Korea Sports Promotion Foundation for her efforts (US$1=W1,062).

      Gold medalists also receive a monthly pension of W1 million from the government.

      But the limit is set at W1 million per medalist, so more trophies do not translate into a higher pension.

      This means Lee's monthly pension will remain limited to W1 million even though she now has two Olympic gold medals.

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