According to the Yonhap news agency, the expenditures will be much higher, as the budget plan does not include the costs on building infrastructure and some of the operating costs, particularly, of opening and closing ceremonies.
READ MORE: Seoul Proposed to Form Unified Teams With N Korea at 2020 Olympics — Reports
31 March 2018, 04:49 GMT
The Seoul government has submitted the budget plan to the Seoul Metropolitan Council. The vote on it is expected on Thursday.
In November, officials from both Koreas discussed a number of issues related to exchanges and cooperation in sports, specifically a joint bid to host the 2032 Summer Olympic Games, and the joint participation of athletes from both countries in the 2020 Summer Olympics and other international sports events.
