Korean Prices Information Cup

The Korean Prices Information Cup was a rapid-game Korean professional tournament open only to 6-dans and higher, instituted in 2005. The time limits are 10 minutes each, with 60 seconds per move thereafter. Discontinued in 2015.

The prize money for the winner of the 2005 Cup is 20 million won ($20,000) with 6 million won ($6,000) for the runner-up.

Many Go fans in Korea have suggested that the prizes are too low for the competition to live on, so it's not entirely clear how optimistically this tournament will be received by professional Go players in Korea when it ends. -- kyeser, go4go.net

The final phase of the tournament consists of 4 four-player round robin leagues, with the winners of each league being seeded into the leagues the next year. Further, the league winners go into another round to determine the winner.

(It is not entirely clear whether the next round to decide the winner will be another league, or a knockout format).

The remaining twelve players for the initial leagues are chosen from a preliminary round.