Total prize money of KRW 1.7 billion in Hanwha Classic history, Hanwha Q Cells officially announced 'Stop the Competition'

Total prize money of KRW 1.7 billion in Hanwha Classic history, Hanwha Q Cells officially announced 'Stop the Competition'

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Hanwha Classic, the representative major tournament of the Korean Ladies Professional Golf Association (KLPGA) Tour, will disappear into the back of history.

Hanwha Q Cells, which hosts Hanwha Classic, said, "We have decided to stop holding golf competitions after Hanwha Classic 2024 held in August. In addition, we will not renew the contract for overseas tour players of Hanwha Q Cell Golf Club, whose contracts end this season."

The Hanwha Classic, which is spearheaded by the Seoul Women's Open, the first international KLPGA competition in 1990, has been promoted to a major competition in 2017. Since last year, the total prize money has been raised to 1.7 billion won (1.4 billion won from the previous year), making it the most prestigious competition among the KLPGA tours. The decision is expected to bring a significant backlash. Park Ji-young was the winner of the Hanwha Classic 2024 (prize money of 306 million won) held in August. 카지노사이트

Hanwha Q Cells said, "The decision is based on a review of the appropriateness of the business strategy and golf sponsorship," adding, "Following measures related to the suspension of the tournament are in smooth discussions with the Korea Women's Professional Golf Association."

Hanwha Q Cells has been holding Hanwha Classic with the aim of strengthening the domestic golf industry, and as a major competition, it has tried to raise its status as a domestic women's golf tour in terms of prize money size, planning, and operation, he said. "While the domestic women's golf tour has grown to the highest prize money ever and has established itself as a popular sport enjoyed by a wide range of age groups, Hanwha Q Cells intends to give up the opportunity to sponsor golf to other companies or institutions."