Sports Promotion Corporation to sign an early transfer agreement with Geochang-gun on the Ecolian golf course

Aug 15, 2024

Sports Promotion Corporation to sign an early transfer agreement with Geochang-gun on the Ecolian golf course
Cho Hyun-jae, chairman of the Korea Sports Promotion Foundation (left), and Goo In-mo, governor of Geochang, signed an early transfer agreement to the Eco-lian Geochang Golf Course. Photo courtesy of the Korea Sports Promotion Foundation
The Seoul Olympic Memorial National Sports Promotion Foundation (Chairman Cho Hyun-jae) announced that it has signed a business agreement with Geochang-gun to transfer the Ecolian Geochang Golf Course early.

At the signing ceremony held at the Seoul Olympic Parktel on the 13th, Chairman Cho Hyun-jae, Geochang-gun County Governor Koo In-mo and officials attended and promised to cooperate with each other for a smooth transition of the operation of the Eco-Lian Geochang Golf Course.

This agreement is the first step toward the transfer of five eco-friendly golf courses operated by the Sports Corporation to local governments in accordance with the innovation plan in the functional adjustment sector of public institutions confirmed in December 2022. Based on the results of a survey on the intention of early acquisition of five local governments in September last year, the Korea Sports Corporation decided to transfer the first early transfer to Geochang-gun, where final consultations on key conditions such as employment succession of operating personnel were completed.

The Sports Corporation will transfer the management and operation rights of golf courses, which it held until 2036 (or when the investment is recovered), to Geochang-gun as of January 1, 2025. Accordingly, Geochang-gun decided to repay about 7.2 billion won of the total investment of 15 billion won in installments over the next six years and succeed in employment without artificial restructuring of the operating personnel. In addition, in consideration of the main purpose of the eco-lian golf course, which is the popularization of golf, it was decided to maintain the function of the public golf course.

Chairman Cho Hyun-jae said, `We will make efforts to implement the innovation plan of public institutions by promoting the transfer of the remaining four eco-lian golf courses to local governments"By doing so, the Sports Corporation will focus on core functions such as the creation and support of the sports fund and the development of the sports industry."," he said.

Reporter Choi Man-sik cms@sportschosun.com



cms@sportschosun.com