Korean Grand Prix
|Korea International Circuit|
|Number of times held||4|
|Most wins (drivers)||Sebastian Vettel (3)|
|Most wins (constructors)||Red Bull (3)|
|Circuit length||5.615 km (3.48 mi)|
|Race length||308.825 km (191.4 mi)|
|Last race (2013)|
After months of speculation, on October 2, 2006 it was confirmed that the event would actually take place in 2010, and would be hosted by the Korea International Circuit, in Yeongam. It was also revealed that the race would be promoted by a public-private company. The deal was for seven years with a five-year option that would ensure the race to be held until 2021.
Despite this earlier confirmation, the Korean Grand Prix was not included on any of the provisional 2010 calendars floated by Formula One Management. Following approval of funding for the event, however, Korea was given the date of 17 October on the 2010 calendar published by the Fédération Internationale de l'Automobile (FIA) on 21 September 2009. On December 10, 2009, the organisers of the event announced that they were on schedule, with a plan to finish the circuit on July 5, 2010, though they admitted that their largest problem lay in finding accommodation for all Formula One staff and spectators. The organisers also ruled out the possibility of staging the race at night until they have more knowledge of and experience in running a Grand Prix. Despite all the confirmation there was still a risk that the circuit might not be on time, however this was denied by the race promoter who said that the circuit was ahead of schedule.
After several postponements, the FIA scheduled a final inspection of the circuit on 11 October 2010, 13 days before the Korean Grand Prix was scheduled to begin. After the FIA inspection, Race Director Charlie Whiting declared that the race would go ahead.
In 2011, organisers of the Korean Grand Prix expressed dissatisfaction over the terms of their contract with Bernie Ecclestone and Formula One Management, particularly with regards to the cost of race-sanctioning fees, and sought to renegotiate the contract, seeking more-favourable terms. However, Ecclestone ruled out renegotiations, stating that the initial negotiation process had been difficult enough, and that the organisers were aware of the terms of the contract when they first signed it. Ecclestone has stated that in the event that race organisers can not pay sanctioning fees, the Korean Grand Prix will be removed from the calendar. The final calendar, released in December 2011, kept the Korean Grand Prix intact. Shortly after the 2012 Australian Grand Prix, organisers of the race in Korea announced that they had reached a new deal with Formula One Management that would save $20.5 million (₩23 billion) in costs. However, Kang Hyo-seok, director of race organisation for the Korean Grand Prix, admitted that the race was still far too expensive for Korea, anticipating an estimated loss of $26 million (₩29 billion) in 2012. The race went ahead in 2013.
Initially, the race was not included in the provisional 2015 calendar, however, a later calendar released in December 2014, gave the Korean Grand Prix a slot on 3 May 2015, having been moved from towards the end of the calendar in previous years, towards the start of the calendar. On 12 December 2014 Bernie Ecclestone explained that Korean Grand Prix had to be added to 2015 calendar for legal reason citing contract obligations but that organizers are not keen on having the race. However, later it was announced that it had been axed from the calendar by the FIA because the organisers were not keen on hosting it. They have plans to revive the Korean Grand Prix in 2016.
All Korean Grands Prix were held at Yeongam.
|2013||Sebastian Vettel||Red Bull-Renault||Report|
|2012||Sebastian Vettel||Red Bull-Renault||Report|
|2011||Sebastian Vettel||Red Bull-Renault||Report|
- Korea Super Prix, Formula Three race held annually in Korea between 1999 and 2003
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- Oh Kyu-wook (18 March 2012). "South Jeolla cuts costs for F1 Grand Prix". The Korea Herald (Park Haeng-hwan). Retrieved 19 March 2012.
- "FNew Jersey, Austria, Russia, Mexico added to 2014 calendar". formula1.com. 27 September 2013. Retrieved 23 September 2014.
- "Korea, Mexico and New Jersey dropped as 2014 F1 calendar is confirmed". f1fanatic.co.uk. Retrieved December 5, 2013.
- "World Motor Sport Council 2014 - Beijing". FIA.com (Fédération Internationale de l'Automobile). 12 September 2014. Retrieved 12 September 2014.
- "World Motor Sport Council 2014 - Doha". FIA.com (Fédération Internationale de l'Automobile). 3 December 2014. Retrieved 3 December 2014.
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