F1 Grand Prix Korea
Event title : Formula One International Car Racing Competition Event summary : Time: 2010~2016 (7 years, extendable in the future) Location : Within the development zone for the southwestern coastal city of tourism & leisure (Yeongam-gun area, Jeollanam-do) Project budget: Estimated at \316 billion Contractor : KAVO (Korea Auto Valley Operation) Main racing facilities : Track, control tower, pit building, paddock, press center, spectator seats Auxiliary facilities : Parking lots, theme park, public park, grassland, etc. Expected benefits : Promotional effect for Korea / Vitalization of the local economy
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