The Winter Olympics are 'killing' some Pyeongchang business owners — here's why

  • The 2018 Winter Olympics is "killing" the ski hire trade in Pyeonchang, South Korea.
  • This is because the presence of professional athletes means slopes are closed to tourists and therefore there is less demand for equipment.
  • 50 stores permanently have their shutters closed and business is down by 80% since last year.
  • But not all businesses are negatively impacted. In fact, some are thriving.

The presence of the 2018 Winter Olympics in Pyeongchang is "killing" some local businesses.

With so many athletes competing on the slopes, there is no room for tourist skiers, which has caused a number of ski shop owners to be "left out in the cold," according to a report in The Guardian.

Americans who have medaled at the 2018 Olympics:

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Americans who have medaled at the 2018 Winter Olympics
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Americans who have medaled at the 2018 Winter Olympics
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 13: Gold medalist Chloe Kim of the United States poses during the medal ceremony for the Snowboard Ladies' Halfpipe Final on day four of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 13, 2018 in Pyeongchang-gun, South Korea. (Photo by Sean M. Haffey/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 13: Bronze medalist Arielle Gold of the United States poses during the medal ceremony for the Snowboard Ladies' Halfpipe Final on day four of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 13, 2018 in Pyeongchang-gun, South Korea. (Photo by Sean M. Haffey/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 11: U.S. Olympian Red Gerard poses with his Gold Medal at the USA House at the PyeongChang 2018 Winter Olympic Games on February 11, 2018 in Pyeongchang-gun, South Korea. (Photo by Joe Scarnici/Getty Images for USOC)
USA's gold medallist Jamie Anderson poses on the podium during the medal ceremony for the women's snowboard slopestyle at the Pyeongchang Medals Plaza during the Pyeongchang 2018 Winter Olympic Games in Pyeongchang on February 12, 2018. / AFP PHOTO / Fabrice COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
USA's silver medallist Chris Mazdzer poses on the podium during the medal ceremony for the men's luge singles at the Pyeongchang Medals Plaza during the Pyeongchang 2018 Winter Olympic Games in Pyeongchang on February 12, 2018. / AFP PHOTO / Fabrice COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
The USA team who won bronze pose on the podium during the medal ceremony for the figure skating team event at the Pyeongchang Medals Plaza during the Pyeongchang 2018 Winter Olympic Games in Pyeongchang on February 12, 2018. / AFP PHOTO / Fabrice COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 12: Bronze medalists Maia Shibutani and Alex Shibutani of the United States pose with their teammates during the victory ceremony after the Figure Skating Team Event at Medal Plaza on February 12, 2018 in Pyeongchang-gun, South Korea. (Photo by Adam Pretty/Getty Images)
USA's Shaun White with his gold medal after victory in the Men's Halfpipe Snowboard during the medal ceremony at the Medal Plaza during day five of the PyeongChang 2018 Winter Olympic Games in South Korea. (Photo by Mike Egerton/PA Images via Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 15: Gold medalist Mikaela Shiffrin of the United States celebrates during the medal ceremony for Alpine Skiing - Ladies' Giant Slalom on day six of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 15, 2018 in Pyeongchang-gun, South Korea. (Photo by Alexander Hassenstein/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 18: Silver medalist Nick Goepper of the United States celebrates during the medal ceremony for the Freestyle Skiing Men's Ski Slopestyle on day nine of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 18, 2018 in Pyeongchang-gun, South Korea. (Photo by Chris Graythen/Getty Images)
TOPSHOT - USA's silver medallist John-Henry Krueger kisses his medal on the podium during the medal ceremony for the short track men's 1000m at the Pyeongchang Medals Plaza during the Pyeongchang 2018 Winter Olympic Games in Pyeongchang on February 18, 2018. / AFP PHOTO / JAVIER SORIANO (Photo credit should read JAVIER SORIANO/AFP/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 20: Bronze medalists Maia Shibutani and Alex Shibutani of the United States celebrate during the medal ceremony for Figure Skating - Ice Dance Free Dance on day 11 of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 20, 2018 in Pyeongchang-gun, South Korea. (Photo by Ezra Shaw/Getty Images)
USA's bronze medallist Brita Sigourney poses on the podium during the medal ceremony for the freestyle skiing women's halfpipe at the Pyeongchang Medals Plaza during the Pyeongchang 2018 Winter Olympic Games in Pyeongchang on February 20, 2018. / AFP PHOTO / Fabrice COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
Pyeongchang, Gangwon - FEBRUARY 21: Bronze medallist Lindsey Vonn of the United States celebrates during the medal ceremony for the Ladies' Downhill on day twelve of the PyeongChang 2018 Winter Olympic Games at Medal PlazaFebruary 21, 2018 (Photo by Hyoung Chang/The Denver Post via Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 21: Heather Bergsma, Brittany Bowe, Mia Manganello and Carlijn Schoutens of the United States celebrate after winning the bronze medal in the Speed Skating Ladies' Team Pursuit Final B against Canada on day 12 of the PyeongChang 2018 Winter Olympic Games at Gangneung Oval on February 21, 2018 in Gangneung, South Korea. (Photo by Amin Mohammad Jamali/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 21: Jessica Diggins of the United States (L) and Kikkan Randall of the United States celebrate as they win gold during the Cross Country Ladies' Team Sprint Free Final on day 12 of the PyeongChang 2018 Winter Olympic Games at Alpensia Cross-Country Centre on February 21, 2018 in Pyeongchang-gun, South Korea. (Photo by Matthias Hangst/Getty Images)
PYEONGCHANG, Feb. 22, 2018 -- David Wise of the United States celebrates with his family after men's ski halfpipe of freestyle skiing at the 2018 PyeongChang Winter Olympic Games at Phoenix Snow Park, PyeongChang, South Korea, Feb. 22, 2018. David Wise won the gold medal with 97.20 points. (Xinhua/Wu Zhuang via Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 22: Jamie Anderson of United States is seen with her silver medal from the Ladies Snowboard Big Air Final at Medal Plaza on February 22, 2018 in Pyeongchang-gun, South Korea. (Photo by Ian MacNicol/Getty Images)
PYEONGCHANG, SOUTH KOREA -FEBRUARY 22: Silver medalist Mikaela Shiffrin #19 of the United States at the presentations after the Alpine Skiing - Ladies' Alpine Combined Slalom at Jeongseon Alpine Centre on February 22, 2018 in PyeongChang, South Korea. (Photo by Tim Clayton/Corbis via Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 22: (L-R) Carlijn Schoutens and Mia Manganello of the United States celebrate during the medal ceremony for Speed Skating - Ladies' Team Pursuit on day 13 of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 22, 2018 in Pyeongchang-gun, South Korea. (Photo by David Ramos/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 22: Silver medalist Alex Ferreira of the United States celebrates during the medal ceremony for Freestyle Skiing - Men's Ski Halfpipe on day 13 of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 22, 2018 in Pyeongchang-gun, South Korea. (Photo by David Ramos/Getty Images)
PYEONGCHANG-GUN, SOUTH KOREA - FEBRUARY 22: Silver medalists Lauren Gibbs and Elana Meyers Taylor of the United States celebrate during the medal ceremony for Bobsleigh - Women on day 13 of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 22, 2018 in Pyeongchang-gun, South Korea. (Photo by David Ramos/Getty Images)
GANGNEUNG, Pyeongchang- FEBRUARY 22 - Team USA with their medals as Canada loses in a shootout to the United States in the Olympic women's hockey gold medal game at the Gangneung Hockey Centre in Gangneung in Pyeongchang in South Korea. February 22, 2018. (Steve Russell/Toronto Star via Getty Images)
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The Phoenix Ski/Snowboard Rental Shop Association in South Korea claims business is down by 80%. Approximately 50 shops have stayed shut and the ones that have remained open are suffering a decline in footfall from previous seasons.

Shop owners are now protesting against the closure of ski slopes around the Winter Olympics site. One banner reads: "Keep our right to live!"

Another says: "2018 Pyeongahang olympic kill us!!"

Jong, the head of the Phoenix Rental Shop Association, met with government officials to request a $30,000 (£21,000) compensation for each store. This fee would act as a subsidy of sorts, as Pyeonchang hire shops receive the bulk of their year-long trade during a five-month window during skiing and snowboarding season.

"The government is ignoring their citizens and we want an apology," Jong said. "They need to work for us instead of their own interests. The government should listen to us and treat us as citizens of Pyeongchang instead of people without any rights."

So are all businesses in Pyeongchang suffering?

Not at all. In fact, businesses in the hospitality industry are thriving.

Not far from where the ski hire protests are taking place is a hotel that is at operating at full capacity, and other hotels raised their prices in time for the 2018 Winter Olympics.

The restaurant trade is also booming.

However, Bae Sang-beom, the owner of the Legend of Winter ski shop, added: "The Olympics don’t only affect me — since I can’t afford to employ my staff we’re all out of work."

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