Speed skating at the 1998 Winter Olympics – Men's 500 metres
The men's 500 metres in speed skating at the 1998 Winter Olympics took place on 9 and 10 February, at the M-Wave.
Records
Prior to this competition, the existing world and Olympic records were as follows:The following new Olympic records were set during this competition.
| Date | Athlete | Country | Time | OR | WR |
| 9 February | Ermanno Ioriatti | 36.30 | OR | ||
| 9 February | Casey FitzRandolph | 35.81 | OR | ||
| 9 February | Kevin Overland | 35.78 | OR | ||
| 9 February | Hiroyasu Shimizu | 35.76 | OR | ||
| 10 February | align=left| Hiroyasu Shimizu| | 35.59 | OR |
Results
| Rank | Name | Country | Race 1 | Race 2 | Total | Notes |
| Hiroyasu Shimizu | 35.76 | 35.59 | 1:11.35 | |||
| Jeremy Wotherspoon | 36.04 | 35.80 | 1:11.84 | - | ||
| Kevin Overland | 35.78 | 36.08 | 1:11.86 | - | ||
| 4 | Sylvain Bouchard | 35.90 | 36.10 | 1:12.00 | - | |
| 5 | Pat Bouchard | 35.96 | 36.09 | 1:12.05 | - | |
| 6 | Casey FitzRandolph | 35.81 | 36.39 | 1:12.20 | - | |
| 7 | Kim Yun-Man | 36.13 | 36.23 | 1:12.36 | - | |
| 8 | Lee Kyu-Hyuk | 36.14 | 36.41 | 1:12.55 | - | |
| 9 | Ermanno Ioriatti | 36.30 | 36.36 | 1:12.66 | - | |
| 10 | Roger Strøm | 36.53 | 36.15 | 1:12.68 | - | |
| 11 | Michael Künzel | 36.56 | 36.19 | 1:12.75 | - | |
| 12 | Jan Bos | 36.66 | 36.11 | 1:12.77 | - | |
| 13 | Manabu Horii | 36.37 | 36.41 | 1:12.78 | - | |
| 14 | Sergey Klevchenya | 36.56 | 36.30 | 1:12.86 | - | |
| 15 | Hiroaki Yamakage | 36.61 | 36.30 | 1:12.91 | - | |
| 16 | Toshiyuki Kuroiwa | 36.37 | 36.60 | 1:12.97 | - | |
| 16 | Jegal Seong-Ryeol | 36.58 | 36.39 | 1:12.97 | - | |
| 18 | Janne Hänninen | 36.58 | 36.46 | 1:13.04 | - | |
| 19 | Christian Breuer | 36.78 | 36.41 | 1:13.19 | - | |
| 20 | Aleksandr Golubev | 36.67 | 36.54 | 1:13.21 | - | |
| 21 | Jakko Jan Leeuwangh | 36.69 | 36.54 | 1:13.23 | - | |
| 22 | Paweł Abratkiewicz | 36.76 | 36.51 | 1:13.27 | - | |
| 23 | Marc Pelchat | 36.94 | 36.41 | 1:13.35 | - | |
| 24 | Vadim Shakshakbayev | 36.87 | 36.57 | 1:13.44 | - | |
| 25 | Dave Cruikshank | 36.67 | 36.86 | 1:13.53 | - | |
| 26 | Tomasz Świst | 36.86 | 36.68 | 1:13.54 | - | |
| 27 | Li Yu | 36.79 | 36.79 | 1:13.58 | - | |
| 28 | Liu Hongbo | 36.77 | 36.95 | 1:13.72 | - | |
| 29 | Roland Brunner | 36.90 | 36.86 | 1:13.76 | - | |
| 30 | Davide Carta | 37.11 | 36.80 | 1:13.91 | - | |
| 31 | Dai Dengwen | 37.03 | 36.95 | 1:13.98 | - | |
| 32 | Vladimir Klepinin | 37.22 | 36.92 | 1:14.14 | - | |
| 33 | Aleksandr Kibalko | 37.32 | 36.86 | 1:14.18 | - | |
| 34 | Kim Jin-su | 37.19 | 37.13 | 1:14.32 | - | |
| 35 | Oleh Kostromitin | 37.27 | 37.19 | 1:14.46 | - | |
| 36 | Cory Carpenter | 37.35 | 37.76 | 1:15.11 | - | |
| 37 | Zsolt Baló | 38.48 | 38.08 | 1:16.56 | - | |
| 38 | Ids Postma | 78.68 | 37.81 | 1:56.49 | - | |
| - | Erben Wennemars | 35.96 | DNF | - | - | |
| - | Grunde Njøs | 36.32 | DNF | - | - | |
| - | Peter Adeberg | 36.92 | DNF | - | - | |
| - | Sergey Savelyev | DQ | - | - | - |