It was the first gold medal ever in the menís 500 for the speedskating-mad nation.
Smeekens led after the first of two heats and initially thought he had earned a tie for the gold after he crossed the line. But the clock adjusted to the official time, giving Michel Mulder the gold with a total time of 1 minute, 9.31 seconds.
The silver went to Smeekens in 1:09.32, while Ronald Mulder grabbed the bronze with the fastest run of the day, 34.49 in the second round to finish at 1:09.46.
Defending Olympic champion Mo Tae-bum was fourth.
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