Why South Korea’s corporate spending on golf is good news for the game
South Korea’s love of golf is a boon for the game, with corporate spending on golf outings and sponsorships reaching record highs. In 2023, companies are expected to spend over $10 billion on golf-related activities, up from $8 billion in 2022.
This spending helps to fund tournaments, maintain courses, and promote the game to new players. It also creates jobs and boosts the local economy.
Golf industry experts say that South Korea’s corporate spending on golf is a sign of the game’s growing popularity in the country. More and more people are playing golf, and companies are recognizing the value of sponsoring tournaments and outings. The trend is expected to continue in the coming years, as golf becomes even more popular in South Korea.
