LPGA major champ Kim Hyo-joo signs lucrative sponsorship extension
GolfDec 2, 2014
South Korea's teenage golf sensation Kim Hyo-joo has signed a lucrative extension with her main corporate sponsor, Lotte Group, the conglomerate announced Tuesday.Lotte Group said it has re-signed the 19-year-old for five more years in a deal worth 1.3 billion won (US$1.2 million), along with performance-based incentives. With each victory, Kim will receive extra prize money worth 70 percent of the purse from Lotte. For a top-five finish, Lotte will give her a bonus worth 30 percent of the winni