Korea Sports Promotion Foundation

Korea Sports Promotion Foundation

Korea Sports Promotion Foundation was established in 1989 to manage facilities and revenues from the 1988 Seoul Olympics. Ha Hyung-joo, a former Olympic gold medalist, serves as chairman. The organization operates under the Ministry of Culture, Sports and Tourism and maintains the National Sports Promotion Fund as its core vehicle. The foundation owns and operates Seoul Olympic Park, Misari Motorboat Racing Park, Gwangmyeong Velodrome and multiple Ecolian golf courses across South Korea. It also holds the Seoul Olympic Parktel hotel through its 100 percent-owned subsidiary KSPO & CO. Geographic focus remains domestic, with limited exposure outside South Korea. It participates as a limited partner in Korea Fund of Funds via the National Sports Promotion Fund. The foundation employs no disclosed investment professionals beyond its chairman. It maintains membership in the UN Global Compact since 2007 and TAFISA. In November 2024 it sponsored the Sports Industry Export Consultation Conference at Olympic Hall, Seoul. Governance ties directly to the Ministry of Culture, Sports and Tourism, which appoints leadership and sets the public mandate. This structure limits external LP activity and directs capital toward domestic sports infrastructure rather than diversified private markets.