Grand Prix Korea, Republic Of

The Korean Grand Prix is a planned Formula One race to be held in South Korea. 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 Korean International Circuit, set to be built between 2007 and July 2010. It has also been revealed that the race will be promoted by a public-private company. The deal is for seven years with a five year option that would ensure the race to be held until 2021.

Despite this earlier confirmation, the South 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 is 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