The open call for competition was made today and will be followed by a briefing session on May 18 at the National Museum of Modern and Contemporary Art in Seoul. 

Contestants will be able to submit their application between July 24 and 31 with the winners announced in September.

Ten winning designs for each Games will be displayed in various museums and art galleries including the National Museum of Modern and Contemporary Art and the Gangneung Art Center. 

The individual artists or groups who create the winning entries will each receive ₩10 million (£6,800/$8,800/€8,100) as their prize.

The winners of the Olympic competition will also have their work archived by the International Olympic Committee.

Entries must reflect the values, ideals and vision of the Pyeongchang 2018 Winter Games and the regional characteristics of South Korea and Pyeongchang.

It must also "express a festival of unity, communication and joy".

The designs must be a unique idea and must make Pyeongchang 2018 stand out from previous Games.

“We hope that the official Art Poster competition for both the Olympic and Paralympic Games will attract some of our top artists and give them an opportunity to create something special to celebrate and commemorate this wonderful global festival of sport and culture being hosted in our country next year," said Pyeongchang 2018 President Lee Hee-beom.

“The winning designs will form an incredible collection that embodies our culture, our traditions, and our progress showing the world a glimpse of Korea through art.

"I look forward to seeing the entries and seeing the various ways which people express the Games through art.”

The Olympic and Paralympic poster competitions are open to all those over the age of 19 and above as of May 2, 2017. 

More information on the rules and submission guidelines to both contests can be found here.