South Korea approves $3.5bn in funding to cohost Olympics

The plan for South and North Korea to cohost the Olymics in 2032 has been approved and bidding preparation is under way.

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    The city council in the South Korean capital of Seoul has approved initial funding for a plan to cohost an Olympics with Pyongyang.

    The proposal for a joint North-South bid was agreed to by the leaders of the two countries at their last summit.

    But it will cost $3.5bn for South Korea alone, a price tag that is expected to climb steeply.

    Al Jazeera's Rob McBride reports from Seoul.


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