South Korean speed skaters have won the host country's ninth medal of the PyeongChang Winter Games, taking the silver in the men's team pursuit event. 

In the final race at the Gangneung Oval Wednesday night, the Norwegian squad came in at three-minutes 37-point-32 seconds to become the new Olympic champion.

The European team set a new Olympic record at three-minutes 37-point-08 seconds in the semifinal race.

The South Korean squad of Lee Seung-hoon, Chung Jae-won and Kim Min-seok clocked in at three-minutes 38-point-52 seconds for silver. 

The Netherlands won bronze, defeating New Zealand.

The latest silver from the team pursuit event is 29-year old Lee's fourth Olympic medal and 18-year old Kim's second following a bronze in the one-thousand 500-meter event last week. The victory also made 16-year old Chung the youngest South Korean speed skater to win an Olympic medal.