Pernod Ricard has extended the current sponsorship deal for its Ballantine's Scotch whisky brand with the namesake golf tournament in South Korea.

The company confirmed today (27 October) that the whisky will sponsor the Ballantine's Championship for a further three years, to 2013.

The sponsorship, which is worth EUR12m (US$17.8m) annually, is Pernod's largest sponsorship investment.

The Ballantine's Championship is Asia's fourth biggest golf tournament and the largest sporting event in Korea.

Ballantine's is also an official sponsor of the Barclay's Scottish Open, held in July at Loch Lomond Golf Club.