Korean Insurance Company Hanwha Life Acquires ROX Tigers
Korean insurance company Hanwha Life has acquired the LCK team, ROX Tigers, according to an announcement made by the organization on their Facebook page today. Previously, Hanwha Life was the official sponsor of ROX Tigers since the beginning of the 2018 LCK Spring Split. The sponsorship sparked enough interest in Hanwha Life for ROX Gaming to consider an acquisition.
The decision to hand the team over to Hanwha Life arose from ROX Gaming’s inability to provide more support due to the limitations of being a small club team. As a result of this acquisition, the ROX Tigers will compete in the upcoming LCK Summer Split under the name Hanwha Life Esports. This is the third LCK team to rebrand in 2018, following the acquisitions of Samsung Galaxy by KSV Esports and Longzhu Gaming by Kingzone before the LCK Spring Split.
Although ROX Gaming has parted ways with its LCK team, the organization will remain in esports, focusing on its Vainglory and Tekken teams. ROX Tigers, originally known as the Huya Tigers and having changed names multiple times over the years, ended the LCK Spring Split in sixth place, narrowly missing out on a spot in the playoffs.
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