# Korea Sports Promotion Foundation

Korea Sports Promotion Foundation is a Government / Public Body based in Seoul, South Korea.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** 424, Olympic-ro Songpa-gu, Seoul, South Korea
- **Founded:** 1989
- **Assets under management:** 1325 (Altss estimate)
- **Website:** www.kspo.or.kr
- **LinkedIn:** https://linkedin.com/company/서울올림픽기념국민체육진흥공단

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Travel & Leisure
- Consumer Products
- Retail

## People

- Ha Hyung-joo — Chairman

## Questions

### Who runs investment decisions at Korea Sports Promotion Foundation?

Ha Hyung-joo serves as chairman. The Ministry of Culture, Sports and Tourism provides supervisory oversight on capital allocation.

### Does Korea Sports Promotion Foundation participate in fund commitments or only direct deals?

It holds a limited partner position in Korea Fund of Funds through the National Sports Promotion Fund. Primary activity centers on direct ownership of domestic sports venues and real assets.

### What is Korea Sports Promotion Foundation's known posture on co-investments alongside external GPs?

No co-investment activity with external managers is disclosed. Capital deployment stays within government-directed sports and leisure projects.

### How is Korea Sports Promotion Foundation related to the Ministry of Culture, Sports and Tourism?

The ministry acts as supervisory owner and appoints the chairman. All major decisions align with national sports policy.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/korea-sports-promotion-foundation

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