Pakistan, May 21 -- Golf's Asian Tour on Wednesday said it had axed a planned increase in prize money for this week's Korea Open, just weeks after announcing a $500,000 cash boost from LIV Golf.

The LIV injection would have pushed the total prize fund from around $1 million (KRW 1.4billion) to a record $1.5 million for the historic tournament first played in 1958.

However, on Wednesday, a statement to AFP said: "The Asian Tour can confirm the prize money for the Kolon Korea Open has been revised to the original amount of KRW 1.4 billion, the same as last year. "We communicated this revision to our members following an update from the title sponsor Kolon. "The champion will receive a bonus of KRW 200 million as previously announced." In ...