WTF Signs Taekwondo Support Contract with Germany’s Schramm Sport
The five-year contract was inked between WTF President Chungwon Choue and Mr. Edmund Schramm, president of Schramm Sport.
Under the contract, Schramm, which produces taewkondo and other martial arts products with the brand name of Kwon, will support a taekwondo demonstration by athletes with disabilities during the opening ceremonies of the WTF-promoted World Taekwondo Championships in 2007, 2009 and 2011. The German company will also support taekwondo practitioners with disabilities either in cash or in kind over the next five years.
The agreement also calls on Schramm to provide financial and in-kind assistance to countries where taekwondo is not well established. According to the contract, over 50 percent of Schramm’s total supports will go to Africa.
Schramm is also required to pay to the WTF 15 percent of its turnover of WTF souvenirs like shirts, hooded shirts, track suits and bags.
The WTF, in turn, will grant Schramm the right to use, during the term of this contract, the “official sponsor” title in connection with the two above-mentioned projects, while Schramm is entitled to use the WTF official logo and emblem for its public relations and advertising purposes.
“The signing is sure to help our efforts to include taekwondo in the official program of the Paralympic Games and to contribute to further globalization of taekwondo,” said WTF President Choue.