Golf’s PGA Tour has announced that its first official event in Korea will be held at the Nine Bridges course on Jeju Island later this year.
The CJ Cup @ Nine Bridges will be held for the next 10 years, starting with the 2017-18 PGA Tour season. Global lifestyle company the CJ Group will serve as the title sponsor. The company operates the Nine Bridges course.
The first edition of the event, which will feature a prize fund of $9.25m (€8.7m), will take place from October 16-22.
A total of 78 players are expected to play all four days, with no cut to be introduced.
“While hosting world-class golf events such as the 2002 World Cup and 2003 LPGA Golf Tournament, Jeju has been in the spotlight all around the world even in difficult circumstances,” Jeju Governor Won Hee-Ryong said.
“It is essential to hold international events that can impact local economy and promote Jeju Island. We have built a task force to develop public relations strategy and constant efforts will be made to focus on promoting Jeju Island to all around the world.”
As part of the agreement, Jeju Special Self-Governing Province will form a dedicated project team and provide financial and administrative support for the event.
The CJ Group will also provide local, domestic players with an opportunity to gain entry into the field.