[올림픽] Bangladesh, gold medal reward of 340 million won ‘When are you going to receive it’

Singapore delegation participating in the yacht race.

[AFP=연합뉴스]

(Tokyo = Yonhap News) Special Reporting Foundation = Olympic gold medals are precious in themselves, but it cannot be overlooked that gold medals bring ‘wealth and honor’.

Forbes, an American economic magazine, introduced the medal rewards of 200 countries participating in the 2020 Tokyo Olympics on the 1st.

Among the countries participating in this event, Singapore is the country with the largest medal prize money.

Singapore will reward the gold medalists in the individual event with a reward of 1 million Singapore dollars and 850 million Korean won.

A silver medal winner will receive a reward of S$500,000, and a bronze medal winner will receive a cash prize of S$250,000.

Singapore does not have a medal in this tournament yet, but is looking forward to a medal in the women’s table tennis team event.

Taiwan weightlifting gold medalist Xingjun Guo
Taiwan weightlifting gold medalist Xingjun Guo

[신화=연합뉴스]

Taiwan and Hong Kong also have large bounties.

Taiwan is giving away 20 million Taiwan dollars as a gold medal reward, which is equivalent to about 820 million won.

Taiwan won one gold medal each in weightlifting and badminton.

In the case of Hong Kong, the gold medal reward will be 5 million Hong Kong dollars, or 740 million won in Korean money.

Indonesia has set 5 billion rupiah as a gold medal reward. 4 billion Korean won.

In addition, gold medalists can receive a monthly pension of 1.6 million won for the rest of their lives.

Indonesia won one silver medal and two bronze medals in this tournament, and is looking forward to a gold medal in badminton, a strong sport.

Bangladesh prepared a gold medal reward of 300,000 won, or about 340 million won.

However, Bangladesh does not have an Olympic medal yet, so it remains to be seen whether the athlete who will take the prize money will come out of this competition.

Italian athletes winning gold medals in rowing.
Italian athletes winning gold medals in rowing.

[AP=연합뉴스]

Among European countries, Italy has the largest bounty of 180,000 euros and 240 million won for gold medals.

Hungary pays 50 million forints (about 190 million won), and Kosovo pays 100,000 euros.

Compared to these countries, the US has a small amount of gold medal rewards. We give 37,500 dollars to the gold medalist, and about 43 million Korean won.

The host country, Japan, was also reported to receive a gold medal of about 45,000 dollars.

The UK, New Zealand, and Sweden do not have bounties, and Australia, Brazil, Canada, Finland, Portugal, and Switzerland offer smaller bounties than the US and Japan.

In Korea, the Ministry of Culture, Sports and Tourism pays 63 million won for individual gold medals, 35 million won for silver medals, and 25 million won for bronze medals, and 75% of the total amount for team events is paid.

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