2012 Summer Olympic development £400,000, as a representation of the number 2012, with the Olympic Rings embedded within the zero. The same logo was used for the first time for both the Olympic and Paralympic games. The standard colours are green, magenta, orange and blue. The logo colours were modified to allow the incorporation of a variety of colours, including the Union Flag to promote the handover ceremony. Sebastian Coe at the launch of the logo said:The logo builds upon everything that the organising committee has said about reaching out and engaging young people, which is where our challenge is over the next five
Olympic Committee of the Democratic People's Republic of Korea North Korean NOC. Talks about a unified team continued in 1963, but these talks failed after the NOCs could agree on nothing but the flag, which was to consist of the word "Korea" under the Olympic rings. Between 1985 and 1988 the NOCs negotiated about co-hosting the 1988 Summer Olympics. The negotiations failed, resulting in North Korea boycotting the Games held in Seoul of South Korea. The following national bodies have membership in the Committee: On November 2, 2018, officials from both North and South Korea announced that their countries would participate at the 2020 Summer Olympics, held in Tokyo,