The ‘GLOBIS Cup World Go U-20’, a new Japanese world championship for under-20 players, will be held May 8-11 2014 in Tokyo, the Nihon Ki-in has announced. The winner will win 3 million Japanese yen (about $30,000 USD) and all players will receive 35,000 JPY (about $350) for participating. Sixteen players under 20 years of age (as of January 1st 2014) will compete: six from Japan, three each from Korea and China, and one each from Chinese Taipei, Europe, North America and Oceania. “After the termination of the Fujitsu Cup, I am very glad to know that the Nihon Kiin is back to sponsor a world championship,” says AGA Vice President for International
Affairs Thomas Hsiang. The AGA will soon announce a selection procedure for this tournament.

via American Go E-Journal http://www.usgo.org/news/2013/11/nihon-ki-in-announces-new-under-20-world-tourney/