The opening cerimony was today. Does anyone read korean? http://www.tygem.com/news/news/viewpage ... &findword=
All I could get with the google translator is that the first round is going to be on May 12, is that correct? The rest of the translation made no sense at all.

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My blog with World Go news in Portuguese: Jornal do Go
The link to the Google Translation to English: Jornal Do Go

Rough translation:
It is sponsered by KB Bank. Total Purse is W1650,000,000. Winner takes W400,000,000(Korean won). Game will be played every Thursday and Sunday, 7pm and 9pm(Korea time). 8 teams will play double league and top 4 teams will play post season tournament.
Each round consists of 5 games and game 1,2,3 and 5 will have 5x40sec and game 4 will have 1 hour and 5x40sec time limit. It says 14 rounds and total 280 games but I don't understand how this figure came.

i think 280 games make sense - 14 rounds, 8 teams, 5 players a match -> 14*4*5 = 280
(14 rounds come from the format of double league)

one thing i am not sure about - so 4 of 5 played games are fast and 1 is slow? i was under impression that it is the opposite, 4 slow and 1 fast (more suitable for TV broadcast). but i can't even recall where did i read it, so if Koreans write it is the way you wrote, i don't doubt it

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Spilling gasoline feels good.

I might be wrong, but probably not.