PyeongChang, Aug 30 2006 (Korea
Newswire)-- A community in PyeongChang has established an
independent foundation that will help foster athletes in
winter sports disciplines. When launched later this year,
Doam-myeon¡¯s ¡°2014 Dream Tree Scholarship Foundation¡± will
provide financial support to such Korean athletes with the
hope of fostering competitors for the 2014 Winter Olympics,
for which PyeongChang is an official Candidate City.
To establish the foundation¡¯s seed money, the citizens of
Doam-myeon hosted events in June to attract potential
sponsors, which include companies, academic institutes, and
social organizations. The community is home to two of the
main stages of a 2014 PyeongChang Winter Olympics -
Yongpyong Resort and Alpensia Resort.
Their fundraising efforts have already yielded fruit: As of
the end of August, Doam-myeon had raised 214 million won
(US$221,000) for the scholarship fund. But with a target of
collecting one billion won ($1.04 million) in seed money,
community leaders say they shall continue their fundraising
efforts through this year to achieve that goal.
Kim Sa Yun, director of the Dream Tree Scholarship
Foundation, said, ¡°We hope that PyeongChang will host the
2014 Winter Olympics, and we are contributing our full
support to nurturing world-class athletes who can compete in
the 2014 Winter Games.¡±
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