Whilst Korean boxing has a rich history, and during the 1970's and 80's was a major player on the world boxing scene, it has fallen apart in recent years whilst become a total political mess with the KBC, KBF, KBA and KPBF all refusing to work together and wrangle about who is the best. Rather than focus on the fighters, the fight fans and the sport it has become a total mess.
That mess is set to become an even more muddled pool of acronyms as we see yet another player join the mix, the Gapyeong Boxing Association, which we assume will shorten their name to the GBA in the near future. Who are said to be strongly backed financially from a company will to bank roll the organisation with reports suggesting they have been give ₩20,000,000,000 to begin with.
The new organisation recently announced their first show, which will take place on October 8th at the Gapyeong Middle School. The show will be a double title fight show, with "Korean" Featherweight and Bantamweight titles on the line, and has got it's own poster with a bout list currently being listed on the organisations website.
Sadly despite the huge amount of funding it does appear that the show lacks notable names, hasn't had time to really advertise properly and may end up going out without a broadcaster, and with little really known about the organisation, which was only announced this past Monday.
With so much money at their disposal it would have been perhaps a better idea to have not set up a new organisation but instead pile one of the existing bodies in Korea and worked together for the betterment of the sport. Instead it feels more like a Korean version of the PBC, with big pockets, probably large purses but a lot of enemies. Saying that however if the organsation has good management, is open to working with a variety of promoters and others in Korean boxing it could, potentially, help raise the profile of the sport in Korea and help reignite the love for the sport.
Finger crossed that this doesn't result in yet more confusion for Korean fans, and those wanting to follow the scene over there. Also we hope that we don't see yet more division of the talent pool, lets be honest the talent is already spread thin as it is. The money is a huge incentive to fighters to fight under the new banner but if that money runs dry quickly, against looking at you PBC, then the whole venture will collapse quickly without giving any real positives to the sport.
We hope this helps Korean boxing but feel very cynical and very worried about it's impact on the domestic scene.
News! We try and give you the most interesting news stories from the Asian boxing world!