North Korea was formally suspended from the 2022 Beijing Winter Olympics by the International Olympic Committee (IOC) on 10th Sept as punishment for refusing to send a team to the Tokyo Games citing the COVID-19 pandemic.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
IOC president Thomas Bach said the North Korean national Olympic body will also now forfeit money it was due from the previous Olympics. The unspecified amount — potentially millions of dollars — had been withheld because of international sanctions.
Important takeaways for all competitive exams:
- International Olympic Committee Headquarters: Lausanne, Switzerland.
- International Olympic Committee President: Thomas Bach.
- International Olympic Committee Founded: 23 June 1894 (Paris, France).
