WOMEN’S VOLLEYBALL TEAM KGC GINSENG OFFICIALLY CHANGES IT’S NAME TO GINSENG CORPORATION
The Korean Volleyball Organisation (KOVO) held its Board of Directors and General Assembly meeting on 20 October and approved a proposal to change the name of the women’s team KGC Ginseng Corporation to the Jeonggwanjang Reds. KGC Ginseng recently rebranded its core brand ‘Jeonggwanjang’ and changed its name to Jeonggwanjang. Accordingly, the company announced that the women’s professional volleyball team will be renamed ‘Jeonggwanjang Red Sparks’ and the men’s professional basketball team will be renamed ‘Jeonggwanjang Red Boosters’. The women’s volleyball franchise has been using the name since the women’s volleyball rookie draft, which took place on the 10th of this month, before it was officially passed by the board of directors with the consent of the existing franchise .The federation started as the KT&G Volleyball Team in 2005, the first year of the professional league, and has been known as the KT&G Ariels from the 2005-2006 season to the 2009-2010 season and the KGC Ginseng Corporation from the 2010-2011 season to last season for more than a decade. The federation also formed a new headquarters and revised the federation’s regulations to realise the new Asian quota system. The organisation has changed its name to the Operations Department and decided to apply the free agent status change after three seasons to the women’s game, which was previously only applicable to the men’s game. The league’s first-ever Asian quota system has been incorporated into the rules, and the penalty for ejecting a player from a set during a match has been increased rather than removed. The league also agreed to adjust the funding for women’s rookie draft schools from a total of 910 million won (130 million won per club) this season 안전놀이터 to a total of 700 million won (100 million won per club) starting next season.