Pre-race favourites were Nao Kodaira, winner of every single pre-Olympic ISU World Cup 500m in the 2017/18 season,[3] and Lee Sang-hwa, world record holder at this distance and two-time Olympic 500m gold medallist.
Skating in the fourth pair, Jorien Ter Mors posted a time of 37.53, which stood until Brittany Bowe improved it by 0.009 seconds in the eleventh pair. Starting in pair 16 versus Karolína Erbanová, Japan's Nao Kodaira raced to an Olympic and sea-level record of 36.94, clocking an unprecedented lap time of 26.68 - a pace for the longest time deemed "impossible" even at altitude (which Gangneung is not).[4] In pair 15, South Korea's Lee Sang-hwa opened faster than Kodaira and was up two tenths in back straight intermediate timings. However, an imperfect final inner turn saw her lose this advantage and cross the line 0.39 seconds down in 37.33 to take second place - a mere 0.01 seconds ahead of Erbanová's time. Vanessa Herzog, 500m gold medallist at the 2018 European Speed Skating Championships, was unable to challenge for a medal in the final pair, finishing fourth.
^"Venues". www.pyeongchang2018.com/. Pyeongchang 2018 Olympic Organizing Committee for the 2018 Winter Olympics. Archived from the original on 17 February 2018. Retrieved 26 December 2017.
