The Korea Skating Union has secured a four-year sponsorship deal with SK Telecom.
The deal, worth around US$2.35 million to the national skating body, runs through the 2018 winter Olympics in PyeongChang, and includes support for Korea’s national speed skating team.
SK Telecom, which operates South Korea's leading mobile network, will pay an annual fee of around US$587,500 to help finance national team practices and domestic competitions whilst supporting the development of young skaters.
South Korea won two speed skating medals at Sochi 2014, with Lee Sang-hwa (pictured) claiming gold in the women's 500m event.
4 years 587500 2350000 USD2million-USD5million