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Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Jurors cried, felt sick after acquitting Anthony | 06 Jul 2011 Hackers expose flaw in Apple iPad, iPhone software 06 Jul 2011 UPDATE 1-Powerful quake off New Zealand triggers tsunami 06 Jul 2011 Fans, stars and Hollywood mourn end of Harry Potter magic 06 Jul 2011 Prosecutors to review widespread cheating in Atlanta schools 06 Jul 2011 Discussed 208 Minnesota government shutdown begins after talks fail 125 Obama: ending tax breaks required to cut deficit 104 White House snubs McConnell invitation to Obama Watched Giant dust storm hits Arizona Tue, Jul 5 2011 Skyping on Facebook Wed, Jul 6 2011 Casey Anthony found not guilty of murder Tue, Jul 5 2011 South Korea expects huge economic boost from Winter Games Tweet Share this Email Print Related News Korean relief as Pyeongchang gets 2018 Games Wed, Jul 6 2011 Annecy gracious in Winter Games defeat Wed, Jul 6 2011 Twice the bridesmaid, Pyeongchang plans party Wed, Jul 6 2011 South Koreans rejoice after painful 10-year Olympic wait Wed, Jul 6 2011 Dejected Munich stung by Korean 2018 "sympathy" vote Wed, Jul 6 2011 Analysis & Opinion A game of three thirds in Qatar? The future of power Related Topics World » South Korea » Members of the Pyeongchang 2018 bid committee react after the announcement of the winning city bid for the 2018 Winter Olympic Games during the 123rd IOC session in Durban July 6, 2011. Credit: Reuters/Rogan Ward By Jeremy Laurence PYEONGCHANG, South Korea | Wed Jul 6, 2011 10:40pm EDT PYEONGCHANG, South Korea (Reuters) - Shares in South Korean casino and resort operators and construction firms spiked on Thursday, buoyed by expectations that Pyeongchang's hosting of the 2018 Winter Olympics could pump tens of billions of dollars into the economy. At an International Olympic Committee meeting, South Korea won the right to host the contest at the third attempt, capping a decade-long campaign to bring winter sports to this rustic town, and sparking all-night celebrations. A study by the Hyundai Research Institute has said hosting the 2018 Games will inject 65 trillion won ($61 billion) into Asia's fourth largest economy through investment, spending, and spin-off consumption. On the Seoul stock exchange, Seunghwa Premium Construction Co surged to its daily limit of 15 percent on expectations the builder might be involving in the construction of a highway to Pyeongchang. Hyundai Cement, which owns a resort in Gangwon Province, home to Pyeongchang, also surged 15 percent, while shares in casino operator Kangwon Land jumped as much as 9.5 percent. The winning bid was a coup for Korea Inc. as major conglomerates threw their support behind the bid, which was headed by Cho Yang-ho, chairman of flag carrier Korean Air Lines. Samsung chairman Lee Kun-hee is the country's sole IOC member. Japan is the only Asian country to host a Winter Olympics -- in Sapporo in 1972 and Nagano in 1998. Pyeongchang ran under the slogan "New Horizons," arguing Asia's stellar economic growth in recent decades and the continent's massive population offered an untapped market for winter sports. "I'm very happy," said Kim Jung-soon, as she made preparations for the day ahead after the celebrations ended at a barbecue restaurant near the giant ski jump nestled in the scenic foothills of the Taebaek mountains. Kim was among the nearly 1,000 local residents and visitors who gathered around the Alpensia resort, one of the planned venues for the 2018 Games, dancing to a K-pop boy band and enjoying Korean folk dance and songs before the decision. Robed monks and hundreds of soldiers in fatigue were among the throng of patriotic supporters waving the flag and "clapper" balloons popular at South Korean sports events, emblazoned with the bid's logo "New Horizons." "We're hoping there will be a major economic effect from hosting the Olympics," Kim said. South Korea hosted the Summer Games in 1988 and the World Cup soccer finals together with Japan in 2002. ($1 = 1065.950 Korean Won) (Additional reporting by Hyunjoo Jin; Writing by Jack Kim; Editing by Daniel Magnowski) World South Korea Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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