Korea Sports Council to finalize budget of 360.1 billion in 2026 at regular general meeting of representatives → National University training environment will be improved

*This content was translated by AI.

The Korean Sport & Olympic Committee

The Korean Olympic Committee held the "2026 General Assembly of Representatives" at Olympia Hall on the first floor of the Olympic Parktel in Seoul at 2:30 p.m. on the 27th.

At the general meeting, ▲ Results of the appointment of executives of the 42nd Executive Branch ▲ Results of the formation of the 42nd First Half of the Sports Fair Committee ▲ Business plan and budget for 2026 ▲ Results of regular audit in 2026 ▲ Major agendas such as revision of the articles of incorporation were reported, deliberated, and resolved.

The revision of the articles of incorporation was designed to strengthen fairness, democracy, and transparency in the operation of the organization, and it clarifies regulations that restrict executives from serving more than two consecutive terms, along with adjusting the number of directors, rationalizing the process of appointment, and strengthening political neutrality for executives of sports organizations. Through this, the Korea Sports Association further enhanced the fairness and autonomy of the operation of sports organizations by strengthening transparency in governance and institutionalizing a generational change and responsible management system for leadership.

However, the provisions related to the expansion of the presidential election body (electors) were postponed to be re-introduced to the next general meeting reflecting the opinions of the delegates, and other amendments to the articles of incorporation were decided as originally drafted.

In addition, an expert group operation plan for establishing the "2040 K-Sports Vision" was reported. A group of experts consisting of about 10 private experts in each field, including government, academia, law, finance, and IT, will prepare mid- to long-term development strategies for K-sports and innovation measures for financial and profit structure, and systematically design future growth bases.

The budget for 2026 was set at a total of 360.1 billion won, focusing on improving the national training environment, intensively fostering strategic sports, strengthening conditions for participation in national (youth) sports competitions, strengthening athletes' capacity and expanding career support, and expanding support for participation in international competitions. In particular, investment in projects with high field experience, such as strengthening medical support for athletes' villages and renovating old facilities, has expanded.

In addition, the General Assembly reported and reviewed the 2026 business plan and budget, the results of the 42nd first half of the Sports Fair Committee, and the results of its own regular comprehensive audit in 2026. Based on the four strategic directions and 12 strategic tasks, the Korean Sports Council plans to systematically lead the sustainable development of Korean sports by focusing on realizing a transparent and competent sports administration, expanding the foundation for sports participation, and strengthening international competitiveness.

Chairman Yoo Seung Min said, "We deeply appreciate the delegates who have been with us for the development of our sports. In particular, the generous support and support sent to our athletes at the recent Olympic site were a great help. "This year, we will continue to promote fair and transparent sports administration and field-oriented reforms as a turning point in practicing the 'Korea Sports Council playing again with responsible changes'."

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*This content was translated by AI.