F1 » Korea insists $36million loss is ‘short term issue’


The Korean Grand Prix incurred substantial operating losses for the third straight year, but insists that the long-term future is more promising.

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ratchet69

November 22, 2012 11:51 AM

The race will benefit the Korean car industry? How? Unless of course they buy a current Formula One team. Hyundai Racing Team, or HRT seems like a good prospect. How about Kia Racing and Performance?

mrfill

November 22, 2012 1:37 PM

Quite agree. After all, 60 years of F1 racing in the UK has not exactly benefitted the motor industry unless you include selling it to the Germans, Japanese, Malaysians, Russians, Kuwaitis etc.

Incidentally, there already is a Hyundai Racing Team and one of their drivers is the Chinese guy who has had a couple of FP1 outings in the HRT caravan team.

CoolhandmattF1 - Unregistered

November 22, 2012 5:15 PM

They talk about making F1 more affordable for the teams yet Bernie seems intent on killing F1 by charging ridiculous amounts for a race just so he can line his pockets further.
If this trend continues there will be NO European races on the calender in a few years.
Yes I agree it is a WORLD championship and F1 needs to expand into places its never been, but when a comparitively new venue, in a country that is not feeling the economic pressure that some are feeling, starts losing money then you have to question Bernies ethics.

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