KOVO, 'Pepper Savings Bank Acquisition' SOOP Membership 'Final Approval'

*This content was translated by AI.

SOOPTV (formerly AfreecaTV), an internet broadcasting platform company, has received final approval for its new membership in the Korea Volleyball Federation (KOVO).

KOVO announced on the 2nd that it had finally approved SOOP's new membership in accordance with Article 6 (Membership Admission) of its articles of association, following the 22nd 5th Board of Directors meeting and extraordinary general meeting held at the KOVO conference room in Sangam-dong, Mapo-gu, Seoul.

As a result, SOOP will participate as a member of the professional volleyball V-League starting from the 2006-2027 season. The professional women's volleyball league will also maintain its seven-team structure. SOOP's new team name and home city, among other details, are expected to be finalized and announced shortly.

Previously, SOOP officially announced on the 18th of last month that it had confirmed the acquisition of the women's professional volleyball team AI Peppers, which was operated by Pepper Savings Bank. Pepper Savings Bank had pushed for the sale of the team due to financial difficulties at its parent company, and SOOP ultimately decided to acquire it.

It has been reported that the employment of head coach Jang So-yeon and the coaching staff will not be inherited. Meanwhile, the home city agreement with Gwangju, which expired on the 12th of last month, is expected to be extended and renegotiated after the the 3rd local elections. Procedures such as the appointment of a new head coach and the recruitment of foreign players are also expected to be accelerated.

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*This content was translated by AI.