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Banks to donate W20b for PyeongChang 2018

South Korean banks will donate 20 billion won ($17.7 million) to the organizing committee of the PyeongChang Winter Olympics to help the nation successfully host the quadrennial sports extravaganza, the Korea Federation of Banks said Tuesday.

Besides the donation, banks will buy 1 billion won worth of tickets for the games, according to the federation.
 
(Yonhap)
(Yonhap)

KEB Hana Bank, an official supporter of the games, also signed a sponsorship deal worth 11.1 billion won.

The donation is in line with banks' financial doctrine of social responsibility, the federation said.

PyeongChang 2018, the first Winter Olympics to be held in South Korea, will run from Feb. 9 through the 25th next year. (Yonhap)
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