PARIS OLYMPIC SHOOTING MEDALIST REWARD 'WAITING WITHOUT PROMISE'

Paris Olympic Shooting Medalist Reward 'Waiting Without Promise'

Paris Olympic Shooting Medalist Reward 'Waiting Without Promise'

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Rewards for shooting medalists with the best performance ever at the 2024 Paris Olympics are being delayed without promise.

According to Yonhap News on the 27th, the Ministry of Culture, Sports and Tourism is deliberating on the Korean Shooting Federation's request for approval of the use of basic property to reward Olympic medalists from its own fund.

The Shooting Federation held a general meeting of delegates last month and decided to raise funds from the Federation Promotion Fund to give Olympic rewards of 315 million won to seven Olympic medalists and leaders.

The Federation Promotion Fund began to be accumulated by the Shooting Federation in the 1980s, and it is known that about 1.65 billion won has been raised.
Earlier this month, the federation sent an official letter to the Korea Sports Association to report that it would pay a reward to medalists by spending 400 million won to 500 million won in the federation promotion fund, while also spending on the federation's project expenses, and the sports association responded with the intention that it was possible after reviewing the documents.

The person in charge of the sports association explained, "If it is designated as an item that can be used under basic property-related regulations such as carrying out a purpose business, it will be approved without any problems."

The federation, which passed the sports association, requested the Ministry of Culture, Sports and Tourism to approve the use of basic property on the 7th.

Each federation or association's own promotion fund is tied to 'basic property'.

Since the basic property, which is considered the "last bastion," has a pledge (collateral), even the money raised by itself cannot be used arbitrarily and can be useful only after passing deliberations by the Sports Council and the Ministry of Culture, Sports and Tourism.

The federation has planned to pay rewards to medalists within this month if the Ministry of Culture, Sports and Tourism approves it, but it has not yet received final approval from the Ministry of Culture, Sports and Tourism.

"It is difficult to pay rewards right now. If the Ministry of Culture, Sports and Tourism approves it, we would like to pay it within this year as much as possible, but if it is delayed, it will have to be postponed until next year," a federation official said. "We are waiting for the final decision of the Ministry of Culture, Sports and Tourism."

"Basic property is money that must be held continuously for the operation of associations and federations, and it is not common to use basic property," a ministry official said. "We are reviewing the background and validity of the federation's application to use basic property due to inevitable circumstances, and also considering plans to cover basic property in the future."

He added, "If the Ministry of Culture gives final approval, the federation can immediately use its basic property." 토토사이트

Initially, the shooting federation was scheduled to pay Olympic rewards with 300 million won in contributions promised by former chairman Shin Myung-joo when he took office in June.

However, he resigned without contributing the amount he promised after it was revealed that former chairman Shin had delayed the employee wages of the hospital he was operating.

The Shooting Federation was promised to pay contributions verbally when former chairman Shin resigned, but it is unclear whether it will be able to receive the actual contributions.

Former chairman Shin, who has delayed billions of won in wages, is said to be in a position to reimburse tens of billions of real estate by disposing of them.

However, according to the law, the first thing to do is to pay back the wages and severance pay, national tax arrears, and unpaid payments in the pharmaceutical and medical industries sequentially.

It is not a legal obligation to pay contributions from sports organizations, and the Shooting Federation did not leave any documents, such as a notarization memorandum, regarding former chairman Shin's promise to pay contributions.

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