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[2014-06-17] F1 May or May Not be Held in Jeollanamdo

F1 재개 여부’, 7월 중 결정

F1 May or May Not be Held in Jeollanamdo

 

The Jeollanamdo transition committee, under the newly elected governor of the province, Lee Nak-yeon, will decide whether or not Jeollanamdo will continue to host Korea Formula 1 in Yeongam at its Korea International Circuit after an inspection.

Newly elected governor Lee Nak-yeon was debriefed on the overall organization and layout of the Korea Formula 1 from the Korea Formula 1 Organizing Committee yesterday and governor Lee reportedly requested organizers and sports department provincial officials to report on the pros and cons of the Korean Grand Prix and the issues involved.

Governor Lee also urged a full-scale report be written with an objective view to discuss whether the province will continue to host the event for the remainder of its 7-year contract with Formula One Management.

Chief administrator of the organizing committee, Choi Jong-seon, reported on the negative aspects of permanently canceling the Korea Formula 1, such as international lawsuits the province might face, loss of trust in the international sports industry, and difficulties in facilitating the Korea International Circuit.

Choi also mentioned the accumulated financial burden of around 119 billion won that has been added to the province since the first hosting of the Korea Formula
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[2014-06-17] F1 May or May Not be Held in Jeollanamdo
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