Allianz to sponsor 2011 F1 Korean Grand Prix Allianz Life Korea, one of the country’s leading life insurers, said Friday that the Seoul-based outfit will sponsor the 2011 Formula 1 Korean Grand Prix, which will be held in Yeongam, South Jeolla Province, in October.
Allianz Life Korea CEO Cheong Min-kuk signed a memorandum of understanding (MOU) with South Jeolla Governor Park Joon-young with regard to the sponsorship contract. Park is also head of the F1 organizing committee.
Under the MOU, Allianz will support the marketing and promoting the event by establishing a task force and engage in various promotional activities with up to 300 branches across the world.
``I hope that this MOU will become a milestone for the success of the 2011 F1 event,’’ Chung said. He added that Alliaz plans to build a friendly brand image among local residents via various activities.
Copyright 1999-2017 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without