By: Lee Chin-wei and Evelyn Kao
Taipei, Sept. 10 (CNA) The Ministry of Education (MOE) said Thursday it has approved
regulation amendments raising the prize money for winners of gold medals in future Olympic Games to NT$20 million (US$618,076) to encourage athletes to pursue excellent performances.
Under the amended regulations governing the issuance of Guo Guang athletic medals and scholarships (國光體育獎章及獎助學金頒發辦法), winners of gold medals in track and field, swimming and gymnastic events at the Olympics will be granted an additional NT$10 million, bringing the prize money for gold medalists up to a total of NT$30 million each.
As the Rio 2016 Summer Olympics will be held in Rio de Janeiro, Brazil on Aug. 5-21 of next year and to encourage Taiwan’s athletes to compete for gold medals, the MOE recently approved the amended regulations increasing the prize money for Olympic gold medal winners from the current NT$12 million per person to NT$20 million if they choose to receive it in a lump sum. If they choose to receive monthly payments, the prize money will be raised from the original NT$75,000 to NT$125,000 per month. [FULL STORY]