why korea open usd600k only ss but malaysia open usd500k premier ss ???
Curious to know as well. That Korea has a more developed economy as a reason seems doesn't follow.
why korea open usd600k only ss but malaysia open usd500k premier ss ???
Wow, I've already known that Korea Open GPG becomes GP.I'm not so sure that explains it any more. In fact, if you look at total prize money for 2014, it's pretty similar:
Korea --> $600,000 SS + $50,000 GP = $650,000
Malaysia --> $500,000 SSP +$120,000 GPG + $15,000 IC = $635,000
The ratio in prize money is nowhere near the ratio of the two nations' GDP. What's more, Indonesia is higher than both next year, regardless of the state of its GDP. England, on the other hand, finally matched its SSP prize money with Malaysia's SS in 2013, after two years of offering less.
It must be more complicated.
I guess the prize is not necessarily directly correlated with countries' GDP, albeit in most cases it's positively correlated. Yet, taking into equation the PPP of those nations' exchange rate and prominence of badminton in those country, those prize difference does make sense.Curious to know as well. That Korea has a more developed economy as a reason seems doesn't follow.
Wow, I've already known that Korea Open GPG becomes GP.
The minimum prize for GP is 50000 dollar, isn't it?
Itnis nothing to do with prize money,AUS $750000 still SS, not SSP..I guess the prize is not necessarily directly correlated with countries' GDP, albeit in most cases it's positively correlated. Yet, taking into equation the PPP of those nations' exchange rate and prominence of badminton in those country, those prize difference does make sense.
Thanks for the correction and the extra information. It is true that the BWF still has Korea's second event listed as a GP, but they do have the $120,000 prize money so perhaps it will be corrected. I was sure I had seen 50,000 somewhere - i.e. that it was not just an assumption based on the 'GP' listing - but at this point, I cannot explain it.It Is not correct....Korea still has GPG with $125000, all GPG next year will start with minimum $125000 and China GPG and Taipeh GPG could be $200000...China Challenge nownlisted $50000 as I have informed before...also Korea will host Badminton Asia Championship and we trybto put minimum $350000...our goal for Badminton Asia Championship is $500000, may be next year where China will host it 2015 and 2016...
Curious to know as well. That Korea has a more developed economy as a reason seems doesn't follow.
If you mean that GDP has nothing to do with prize money, I agree. As for the SS vs. SSP status, there is sometimes a connection. The BKA made it clear in 2010 that they were putting the prize money up to 1.2 million to ensure that they would get one of the SSP events, something that they didn't seem to believe they could get based on prestige or other assets, and they pointed out that they would only have ponied up 1 million if they had known there would be 5, instead of the 4 that were stated. Australia, too, had two different prize money totals listed in their bid last year and it seems natural to assume that the high figure was an attempt to make their bid more attractive. The AE has always had the minimum, of course, knowing that the BWF would never deny such a storied event the higher status.Itnis nothing to do with prize money,AUS $750000 still SS, not SSP..