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North Korea's Olympic outfitter hopes for publicity gold

Tue Jul 29, 2008 11:40am IST
 
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By Melanie Lee

SINGAPORE (Reuters) - Hoping to achieve what Michael Jordan did for Nike, a little-known Chinese sportswear brand is banking on the North Korean Olympic team for publicity.

Top global labels may not be tripping over each to sponsor an isolated country once termed by U.S. President George W. Bush as part of an 'axis of evil', but China Hongxing is hoping for some North Korean gold medals to impress its domestic audience.

"The relationship between North Korea and the Chinese is actually very strong," said Jenny Yeo, spokeswoman for Singapore-listed China Hongxing.

"They tend to watch the North Koreans compete in the events that the Chinese are also strong in, so sponsoring North Korea will get a lot more eyeballs," she said.

North Korean athletes in the Beijing Games will be sporting a stylized swan logo from China Hongxing's "Erke" brand, which means "you conquer" in Mandarin.

North Korea refused to compete as a joint team with the South in Beijing and is looking to capture medals from weightlifting, judo and wrestling.

China Hongxing will be kitting out the team with leotards, soccer boots and the red windbreakers the athletes will wear to the August 8 opening ceremony. Erke will be selling some of this sportswear in China and expects buyers seeking novelty value.

"The North Koreans take sports seriously and we see them really trying to be as prepared for the Olympics as possible. It is quite a major thing for them," Yeo said.  Continued...

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
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