From The Los Angeles Times:
South Korea on Wednesday was selected as the host site for the 2018 Winter Olympics, beating out two European challenges from France and Germany.
The announcement -- made by the International Olympic Committee in Durban, South Africa – came after months of intense lobbying by the South Korean contingent, which included a visit to the selection city by South Korea President Lee Myung-bak, who delivered a pitch to the voting panel.
The South Koreans beat out bids by Munich, Germany, and Annecy, France. Earlier in the day, all three cities made 45-minute presentations, followed by 15 minutes of questions before IOC members cast their votes by secret ballots.
The 2018 Olympics will be held in Pyeongchang, a town in South Korea's third-largest county of the same name. The site is in the scenic Taebaek mountain region, which is famous here for winter sports.
One of Korea's candidacy promotional videos: