The Olympic Council of Asia (OCA) on Tuesday selected the South Korean city of Incheon as the host of the 2014 Asian Games, Yonhap News Agency reported.
Located about 80 kilometers west of Seoul, Incheon will be the third South Korean city to host the quadrennial Asian Games, following Busan in 2002 and Seoul in 1986.
Incheon, Korea`s third-largest city with a population of 2.74 million, began preparations for its bid for the Games in 2005 after receiving official approval and support from the government.
The main venues, Munhak World Cup Stadium and Samsan Gymnasium, were highly evaluated by the on-site inspection team from the OCA late last year.
Incheon previously promised that it will raise a fund worth $20 million to support Asian countries that have not yet won medals in the Games.
The city fiercely competed with New Delhi, India, which had publicly offered free flights and accommodation to participants, to win the bid.