F1 »

Korea secures funding for F1 race

South Korea's hopes of hosting a round of the Formula 1 World Championship continue to gather pace after it was confirmed it would receive support from the government.

Concerns over whether South Korea could justify hosting an event had stalled development, but with the Korea Auto Valley Operation having already lined up half of the funding it needs to build and operate the circuit, the government have agreed to provide additional money and necessary legislation.

According to the JoongAng newspaper, the significance of the ruling suggests that legislators 'have finally reached consensus over the impact' of hosting an F1 race.

The circuit, which is already undergoing development south of the capital Seoul, was tipped to be included on the provisional 2010 Formula 1 calendar, but it didn't make an appearance.


Tagged as: race , south , korea , government

Related Pictures

Click on relevant pic to enlarge
Start, German F1 Grand Prix, Nurburgring, 10-12th, July 2009
Start, British F1, Silverstone, 19th-21st, June, 2009
Start, Turkish F1, Istanbul Park, 5th-7th June, 2009
Start, Monaco F1 Grand Prix, 21st-24th, May 2009
F1 veteran David Coulthard wins Race of Champions
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Sebastian Vettel says goodbye to Red Bull. Pic credit: Red Bull Racing
Daniel Ricciardo (AUS) Red Bull Racing RB10.
26.11.2014.
Daniel Ricciardo (AUS) Red Bull Racing RB10 running sensor equipment on the rear wing.
26.11.2014.
Daniel Ricciardo (AUS) Red Bull Racing RB10 running sensor equipment on the rear wing.
26.11.2014.
Daniel Ricciardo (AUS) Red Bull Racing RB10.
26.11.2014.
Daniel Ricciardo (AUS) Red Bull Racing.
26.11.2014.
(L to R): Daniel Ricciardo (AUS) Red Bull Racing with Dr Helmut Marko (AUT) Red Bull Motorsport Consultant.
26.11.2014.

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


I dont give damn - Unregistered

September 18, 2009 4:17 PM

Bernie, Bernie, Bernie. I dont care if Korea hosts a f1 GP, the track will be bland, and no one will bother to show up. Stick to European GP's or rather the GP's which attract alot of fans. U tiny little dwarf :blush:

localsavage - Unregistered

September 18, 2009 3:51 PM

Bernie's an ****! Why not Antartica plenty of room there. How about Venezuela they just got a bunch of oil money from China. He is doing what NASCAR did. First you abandon your fan base then you get dumbass politicians to build tracks with no soul which sellout the first year and then attendance drops every year after. California speedway is a perfect example for Nascar. It is surrounded by 10 million people and they cant even sellout a Cup race because the racing is like watching paint dry. How about we race at Spa every year you idiot!



© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.