Key Highlights :
Hyundai Motor said Monday that it agreed to extend a sponsorship for the World Archery Federation until 2025 as part of its efforts to foster the development of the sport. The company said it signed a three-year sponsorship renewal contract in February with the World Archery Federation. Under the contract, the sponsorship will continue until 2025.
"This sponsorship is significant not only because Hyundai Motor is the Official Vehicle Partner of the World Archery Federation, but also because Hyundai Motor is the Official Vehicle Partner of the Olympic Games," said Chung Eui-yong, Executive Vice President and Head of Hyundai Motor's Corporate Strategy Office. "By sponsoring the World Archery Federation, we are demonstrating our commitment to the sport and its development, and we hope to contribute to the growth of archery globally."
The World Archery Federation said Hyundai Motor's sponsorship has helped to support the organization's work in developing the sport. "The Hyundai Motor sponsorship has been a major support for the World Archery Federation," said Andrea Bösch, President of the World Archery Federation. "The financial stability and long-term commitment of Hyundai Motor has helped us to invest in the development of the sport at all levels, from the grassroots to the Olympic Games."
The World Archery Federation said Hyundai Motor's sponsorship has helped to support the organization's work in developing the sport. "The Hyundai Motor sponsorship has been a major support for the World Archery Federation," said Andrea Bösch, President of the World Archery Federation. "The financial stability and long-term commitment of Hyundai Motor has helped us to invest in the development of the sport at all levels, from the grassroots to the Olympic Games."
Under the contract, Hyundai Motor will provide financial support to the World Archery Federation, including funding for the organization's development programs, as well as equipment and training for archers. The company will also provide marketing and branding support for the World Archery Federation.
"We are very pleased to have signed this three-year contract with the World Archery Federation," said Chung Eui-yong. "This sponsorship is a testament to Hyundai Motor's commitment to the sport and its desire to support the development of archery globally."