Brokerage group Magic Compass announced on Monday that it is sponsoring the 2024 World Taekwondo Poomsae Championships.

The annual event is being held in Hong Kong this year, with more than 1,000 participants from over 80 countries taking part.

Magic Compass will be the event’s main sponsor.

The broker is headquartered in Hong Kong and has a local entity, which is licensed to offer a range of different products, including leveraged FX and different securities, including equities and futures.

Aside from its Hong Kong entity, the group also has a license from the Cyprus Securities and Exchange Commission, as well as a regulated entity in Mauritius.