The 2018 Winter Olympics will be in Pyeongchang, South Korea, the International Olympic Committee just announced from Durban, South Africa. The other finalists were: Munich, Germany, and Annecy, France. Pyeongchang, which has a population of 47,000 and is situated near South Korea’s east coast, says it can spread the Olympics to a lucrative new market in Asia and become a hub for winter sports in the region.

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