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BUENOS AIRES, Oct. 8-- The President of the PyeongChang 2018 Organizing Committee (POCOG), Lee Hee-beom, announced here on Monday that his organization has achieved a surplus of at least 55 million U.S. dollars. This announcement was made during Lee's final report to the International Olympic Committee (IOC) Session in Buenos Aires. "We congratulate the Organizing Committee of the Olympic Winter Games PyeongChang 2018 for the organization of outstanding Olympic Winter Games, which were extremely successful in all respects. In recognition of these great achievements, the IOC will contribute its share of the surplus for the benefit of sport in Korea," IOC President Thomas Bach said. Any surplus from the organization of the Games is normally divided between the IOC, the Organizing Committee and the host National Olympic Committee for the benefit of sport and the Olympic Movement. The IOC said on its official website that POCOG, as another example of Organizing Committees breaking even or creating a surplus, were able to create a surplus assisted by the implementation of Olympic Agenda 2020 and the philosophy behind its New Norm. Despite the fact that POCOG was already well into its preparations when Olympic Agenda 2020 was approved, the South Korean organizers were able to benefit from cost-reducing or revenue-increasing measures such as the first turnkey solution delivered by the IOC to a Games organizer with the Olympic Information Service; 30,000 accredited seats being given back for public sale; no secondary "mountain" International Broadcast Centre (IBC), a 30 percent smaller IBC; and a Main Press Centre that was moved to an existing structure, all while preserving the athlete and spectator experience, the IOC said. | 
