Three tournaments on Korea’s KLPGA women’s golf tour have been cancelled after sponsors withdrew due to Covid-19-related financial problems.
The tournaments were scheduled to take place in August and September, starting with the HighOne Resort Ladies Open on August 20-23; the Hanwha Classic between August 27 and 30; and the All for You Renoma Championship from September 10 to 13. The Hanwha Classic is the highest-profile of the three.
The KLPGA’s 2020 season started last December in Vietnam before shutting down in March due to Covid-19. The tour resumed in May under anti-virus measures and with no spectators. This is the first disruption since the restart.
Korea’s most popular sport, baseball, is also facing financial challenges related to Covid-19. The Korea Baseball Organisation league season has restarted behind closed doors, but without gate revenues some clubs are facing financial difficulties.
Financial stress due to the pandemic has hit major South Korean conglomerates such as Samsung, LG, SK and Lotte, who own and fund the country’s baseball clubs. The financial backing could be cut back this year.