Did the PyeongChang Winter Olympics mean that much to her?
“Elementary school students weep in front of PyeongChang Country office Thursday after the county failed in its bid to host the 2014 Winter Olympics.” (Pic and text borrowed from The Korea Times)
Well, maybe losing the Olympic bid may not have meant a lot to her, but it meant a lot to some people:
“Pyeongchang’s failure to win the 2014 Winter Olympics hit stocks and is likely to hurt the local real estate market.
Shares in Kangwon Land Inc., Korea’s only casino for local citizens and the closest gambling center to the proposed Olympics site, dipped more than 11 percent on the Korea Exchange. It was the biggest one-day drop ever for Kangwon Land.
Tourism shares were also hurt. Hana Tour Service, one of Korea’s biggest travel agencies, lost 1.3 percent while Modetour, the No.2 market player, shed 2.8 percent. According to the Ministry of Culture and Tourism, about 75 million tourists, mostly Koreans, visited Gangwon Province last year. The bidding committee was expecting an extra 120,000 high-spending foreign tourists during the Olympics, not to mention the carry-over effect from heightened international publicity.”