10/15/2014 10:56 EDT | Updated 12/15/2014 05:59 EST

Plans dropped to hold opening and 2018 Olympic closing ceremonies outside Pyeongchang

SEOUL, South Korea - The South Korean government has scrapped plans to stage the opening and closing ceremonies for the 2018 Pyeongchang Winter Olympic in the nearby city of Gangneung.

Lee Jong-deok, the country's culture, sports and tourism minister provincial mayor Choi Moon-soon and 2018 Olympic organizing committee president Cho Yang-ho met this week to discuss whether to renovate an existing sports stadium in Gangneung rather than build a new facility in Pyeongchang suitable for the ceremonies.

The culture ministry later released a statement saying "the venue for the opening and closing ceremonies of the games will be built in Pyeongchang. After the games, the relevant parties will discuss how to make use of the facility."

The new Pyeongchang venue will have a capacity of 40,000.