News Summary

• The Korean Grand Prix was part of the Formula 1 calendar at a different circuit in the south of the country from 2010.
• The event was axed after three years because of costs and tepid interest locally.
• Incheon city officials say their new plan can bring in money and they hope to draw up to 400,000 visitors over the three-day race weekend.
• The track design was developed after looking at street circuits in Singapore and Las Vegas.
• F1 declined to comment on the South Korean plan.