Lee Ki-Heung, head of South Korea's Olympic team, waves his national flag during the Olympics team's inaugural ceremony at Olympic Park in Seoul, South Korea, Wednesday, July 11, 2012. The 374-member squad includes 245 athletes to compete in 22 events, and aims to rank in the top 10 competing nations in the medal tally. The letters read " The London Olympics team's inaugural ceremony ". (AP Photo/Ahn Young-joon)