Korean International Circuit

The Korea International Circuit is a 5.62 km (3.49 mile) motorsport circuit located in Yeongam, South Jeolla, South Korea, 400 kilometres south of Seoul and near the port city of Mokpo. It is the venue for the F1 Korean Grand Prix after a $264 million (250 billion won) deal between Bernie Ecclestone and the Korean F1 promoter Korea Auto Valley Operation (KAVO – a joint venture between M-Bridge Holdings and Jeollanam-do regional government).

History

German designer Hermann Tilke was given the responsibility of the design of the track. It will be part permanent, part temporary. The temporary part will race along the harbour side of the province where spectators from the promenade, hotels and yachts can view the race. Part of the city with possible exhibition facilities, shops, restaurants and cafes will be utilized to be the pit lane during the F1 Grand Prix weekend.

The first Formula One race was held at the track in . The deal is for seven years, with a five-year option after that which would take the race until 2021. The circuit is also set to mark the return of the Korea Super Prix in 2011. The Formula Three event, previous held at the Changwon City Raceway, last raced in 2003.

It was announced on September 2, 2009, that the funding was in place to...
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