Gangwon Province in South Korea has been awarded the 2024 Winter Youth Olympic Games after its proposal was rubber-stamped by the International Olympic Committee (IOC) Session here today.
The Session - presented with only one candidate for the event after a recommendation from the IOC Future Winter Host Commission was approved by the Executive Board - voted 79-2 in favour of the candidacy from the Korean Sport and Olympic Committee (KSOC).
The Host City Contract was then signed by the IOC and Gangwon 2024.
IOC President Thomas Bach claimed the process which led to Gangwon Province being approved as the venue for the 2024 Winter Youth Olympics shows how the organisation's widespread reforms to bidding are a "success".
Romania's Octavian Morariu, chairman of the IOC Future Winter Host Commission, said the proposal from the South Korean region is "a perfect example of how the whole approach has changed".
Gangwon Province submitted its intent to stage the Games to the KSOC on September 30, before the delegation visited the IOC on November 7.
The Future Winter Host Commission held its first meeting on November 22 and the group said "no other viable hosts" of the event had come forward by that date.
The budget for the 2024 Youth Games will be $45 million (£34 million/€40.5 million), with the IOC contribution capped at $25 million (£19 million/€22.5 million).
Venues will be split across Pyeongchang and Gangneung, which staged competition at the 2018 Winter Olympic and Paralympic Games.
The exact location of Alpine skiing is yet to be confirmed, with organisers proposing the High1 resort, which was not used during Pyeongchang 2018, as a possible venue for the sport.
Jeongseon Alpine Centre, which held the speed events at Pyeongchang 2018, has not been included on the venue master plan amid concern over the future of the facility.
Officials in the region cannot agree on whether it will be kept or deforested, while legacy plans from the 2018 Winter Games have not yet been finalised.
Yongpyong has been included as the main venue for Alpine skiing at the Winter Youth Olympics in four years' time, but Gangwon 2024 officials appear keen on the use of High1, despite being located two hours further away from the Athletes' Village.
Gangneung-Wonju University, which housed volunteers during Pyeongchang 2018, will be the location of the Youth Olympic Village.
Park Yang-woo, Minister of Culture, Sport and Tourism and head of the Gangwon 2024 delegation, claimed they were "willing to have North Korea on board".
The IOC has insisted the door remains open for North Korea staging events during the Games, despite deteriorating relations in the region.
Pyongyang has consistently criticised Seoul since the collapse of a summit between leader Kim Jong-un and United States President Donald Trump last February.
Should North Korea come on board with hosting the Winter Youth Olympics in 2024 - which seems unlikely at this stage - it would be the first time the two countries have jointly organised a major Olympic event.
North and South Korea are still hoping to jointly bid for the 2032 Olympic and Paralympic Games, although chances of their candidacy coming to fruition have diminished amid an almost entire shutdown of inter-Korean dialogue in recent months.