Ferrari president Luca di Montezemolo says the team won't give up fighting for the F1 title despite seeing Fernando Alonso lose the championship lead in Korea.

The Spaniard took third place in Yeongam but victory for Sebastian Vettel - his third win in the row - saw the German take a six point lead in the title race with just four races now left to run.

With Red Bull coming to the fore in recent races, Vettel is now seen as hot favourite for a third successive title but di Montezemolo said his team wasn't giving up hope of taking honours.

"Ferrari doesn't give up and we will fight to the end," he said. "We have the best team: yesterday too, the work on track was perfect.

"It's a very open championship: a few grands prix ago it was McLaren who seemed unbeatable, now it's the turn of the Red Bull while we are still up there in the fight. Pay attention as the situation is changing really fast this year. Certainly we are left with major regret about the 30-odd points lost with the two accidents in Spa and Suzuka. If we had those today we would still have a 24-point advantage and we would be having a completely different debate.

"But over so many years at Ferrari I have seen everything: world championships lost at the last minute like we saw with Fernando in 2010 - or even after the finishing line itself, like with Felipe in 2008. But we have also won when no one would ever have imagined it possible, such as Kimi's title in 2007."

Di Montezemolo added that Ferrari had to work on developing the F2012 through the remainder of the season to try and reclaim top spot.

"We are a few tenths off the pace of the best, above all in qualifying," he said. "We must try to have a front-row car because otherwise, starting further back, it makes life much harder and you are at greater risk of getting caught up in accidents. To have a quicker car we must work day and night in a methodical and determined fashion."

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