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CJ Group seals the deal for PGA tournament in Korea

The details have been finalized for the new PGA tournament to take place in Korea next year.

The CJ Group, a Korean conglomerate, and the PGA Tour reached a 10-year agreement for the new event, The CJ Cup.

The size of the purse for the event is $9.25 million, trailing only The Players Championship, the majors and the World Golf Championships, according to The Associated Press.

The event is slated for Oct. 19-22 at Nine Bridges, located on Jeju Island, part of the Asian wing of the PGA Tour, with the CIMB Classic in Malaysia on Oct. 12-15 and the WGC-HSBC Champions in Shanghai on Oct. 26-29.

By Choi Hyung-jo

Harrington takes a swing at Portugal trophy and win

VILAMOURA, Portugal - Padraig Harrington stayed calm on the final hole to win the Portugal Masters on Sunday for his first European Tour victory in eight years.

Harrington pitched from the rough and holed a 4-foot par putt to close with a 6-under 65. That left him at 23-under 261 for the tournament, enough for a one-shot win over defending champion Andy Sullivan.

Three-time major champion Harrington had taken the lead with his sixth birdie of the day on the 17th, and finished a bogey-free round at the Victoria Clube de Golfe to clinch his 15th European Tour victory. He last won on tour in 2008 at the U.S. PGA Championship. The Irishman is now tied with Thomas Bjorn at 15th on the all-time list.

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