OLYMPICS-Officials for South Koreaâ€™s 2018 Winter Olympics bid have accepted an International Olympic Committee warning over a deal that represented a conflict of interest and said it was time to move on.
â€œWe are aware of the decision taken by Korean Air to delay their sponsorship of the International Skating Union until after the Host City decision on the 2018 Winter Olympic and Paralympic Games,â€ the Pyeongchang bid said in a statement Thursday.
â€œWe appreciate the logic of this decision ... which has also been conveyed to the IOC. We believe that this matter is now closed and we can all move forward into the next phase of the 2018 bid campaign.â€
On Wednesday, the IOC forced Korean Air, a partner of the 2018 bid committee, to delay signing a deal with the ISU because it represented a conflict of interest.
IOC warning: Pyeongchang acts