
I will update this later on the weekend when I have a chance, but I believe Korea's nominee is the favorite, due to its near win in 2003 for the 2010 Winter Olympics (Pyongchang nearly won a majority on the first ballot, but votes for Vancouver were consolidated in the next round, and Korea narrowly lost), based on a sense that the area would have good and accessible facilities, plus the fact that the so-called "continental rotation" that hurt Korea for 2010 favors it in 2014 (its two competitors are European would be hosting right after a Europen Olympics in London in 2012).

I do want to add that this is a perfect time for the government to return to Korea's previous official Romanization system, a rendition of the McCune-Reischauer Romanization system. Pyongchang simply looks better and approximates the sound of the location better than Pyeongchang (hint: Pyeong is not pronounced as two separate syllables).

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