The Pyeongchang Winter Olympics and the Paralympics were successful events acclaimed by the International Olympic Committee(IOC) and foreign media; It not only brought the flawless operation and good performance, but also resumed sports exchanges between North and South Korea by their jointly participating in international leagues and North joining South’s domestic competition and friendly matches, ultimately setting the stage of for peaceful restoration of inter-Korean relations. reasing role of and the need to expand facilities for National Sports Center, the Olympic Stadium has become a very beneficial legacy to satisfy the public request. If operated and managed efficiently, it will be able to accomodate the public desire and participation for physical activities as well as to meet the demand and requirement to create public sports facilities by local residents and governments. To maximize the use of the stadium after the PyeongChang Winter Olympics, Gangwon Province has investigated and analyzed tangible and intangible heritages that will affect various fields such as social, cultural, tourism and stadium facilities, and even sought to secure funds to establish a sustainable business model. Although local governments do have laws for the operation of stadiums depending on the sports facilities, it is highly positive that the Olympic Stadium with diverse functions and safety nets provided efficient way to operate the sports facility for a variety of programs. In the 1990s, when resident-friendly sports center project began, it was necessary to provide people with equal opportunities for sports activities by expanding the exercise space; however, now it is necessary to reflect the increased level the public demands to make the facilities more convenient to reach from the living areas. It is time to develop a business model with diverse sources of revenue as well as an efficient management system for the stadium that reflects many different socio-economic environments, changes in life sports demand and regional characteristics. Although Korea has laws and regulations for the operation of winter sports stadiums, it is expected to set the legal and institutional basis for various issues specifically regarding the use of the Olympic venues to deliver not only sports function but also social, cultural, and artistic values and roles as a community space.