On 11 February 2014, she won her second Olympic gold medal in the women's 500 m at the 2014 Sochi Winter Olympics with an Olympic record of 74.70 seconds and successfully defended her crown from the 2010 Olympics in Vancouver. Lee's second run set the Olympic record of 37.28 seconds, giving her an aggregate time of 74.70 seconds. Russia's Olga Fatkulina finished second with an aggregate time of 75.06 seconds, and Margot Boer of the Netherlands came in third with an aggregate time of 75.48 seconds. She became the first woman since Catriona Le May Doan at the 2002 Olympics to defend the gold at the event and just the third woman ever to win back-to-back Olympic gold in the 500 metres, and the first Asian woman ever to do so.