MOSCOW, August 18 (RIA Novosti) - South Korea’s Samsung Electronics has extended its TOP Partnership agreement with the International Olympic Committee (IOC) until at least 2020, the Olympic organization said late on Sunday.
“We are delighted to be able to continue our partnership with Samsung. The funding, generated by the TOP Program, directly supports the staging of every Olympic Games, as well as every one of the National Olympic Committees, enabling athletes from all over the world to prepare for and compete at each Games,” IOC President Thomas Bach was cited in the organization’s press release.
Samsung will be the official Worldwide Olympic Partner in the Wireless Communication Equipment and Computing Equipment category.
The deal was announced during a signing ceremony with Thomas Bach and Samsung’s Vice Chairman Jay Lee in Nanjing, China.
China is the host of the second Youth Olympic Games, which officially opened Saturday. The games will run in Nanjing through August 28.
Samsung’s first Olympic Games as a Worldwide TOP Partner was the Nagano 1998 Olympic Winter Games. The extension of the partnership means that it will also support the Games of the XXXI Olympiad in Rio de Janeiro in 2016; the XXIII Olympic Winter Games in Pyeong Chang in 2018; and the Games of the XXXII Olympiad in Tokyo in 2020.