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International Crown has new sponsor

The LPGA Tour has a new sponsor for one of its best events, along with a new location.

Underwriters Laboratories, based in Northbrook, Illinois, will be the title sponsor of the UL International for 2016 and 2018. The tournament among eight qualifying countries will be held at Rich Harvest Farms in the Chicago suburbs in 2016. The LPGA announced it would be played in South Korea in 2018.

Spain won the inaugural event this year at Caves Valley.

"When we came up with the idea for the International Crown, our goal was to launch a truly global event for women's golf," LPGA Commissioner Mike Whan said. "We were looking for a partner to help grow it globally and I can think of no better partner than UL, whose business aligns perfectly with the LPGA."

UL was an ambassador sponsor for the inaugural event.

The location of the 2018 tournament has not been announced.