Olympic Women's Volleyball Team to Get W600 Million Reward

  • By Song Won-hyung

    August 10, 2021 13:46

    The Korean women's volleyball team, which came fourth in the Summer Olympics in Tokyo, will nonetheless get W600 million as a reward (US$1=W1,146).

    According to the Korea Volleyball Association on Monday, Shinhan Financial Group, which has been sponsoring the team since 2018, will offer W200 million, and the KVA and Korea Volleyball Federation already pledged W200 million each.

    "The team gave their best in every match and inspired us all," Shinhan Financial chairman Cho Yong-byoung said. "I would like to convey my support and gratitude to the team, which came fourth despite injuries and other obstacles."

    Volleyball players pose on return from the Summer Olympics in Tokyo on Monday. From left, Kim Yeon-koung, Yang Hyo-jin and Kim Su-ji

    Medalists are being rewarded by the Ministry of Culture, Sports and Tourism. They get W63 million for a gold medal, W35 million for silver and W25 million for bronze. Team event winners get 75 percent of the rewards each.

    They also get a pension from the Korea Sports Promotion Foundation -- W1 million a month for gold medalists, W750,000 for silver medalists and W525,000 for bronze.

    Then there are rewards from other sports federations. The Korea Archery Association is expected to give triple gold medalist An San (20) around W500 million in reward money on top of her W158 million from the ministry and W95 million from the KSPF.

    Kim Je-dok, who won two golds in Tokyo, will get W430 million. 

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