Formula 1 Racing Coming to Korea

Korea’s profile in global sports is about to raise:

Korea is to host its own Formula One Grand Prix from 2010.

Formula One Management President Bernie Ecclestone, South Jeolla Province Governor Park Joon-yung, and Chung Yung-cho, the president of Korea Auto Valley Operation, which will be organizing the event, unveiled plans for the 2010 F1 World Championship Korean Grand Prix on Monday.

The Korean Grand Prix will take place in South Jeolla Province for seven years starting from 2010. The 5.45 km track will be built on a 4.95 million sq.m site and will be the nation’s largest race car and motorcycle track. Construction will start in 2007 and be completed by 2009.