Tuesday, 3 August 2010

F1 Grand Prix Korea

The Formula 1 Grand Prix racing competition is without a doubt a world-class sports event in terms of its state-of-the-art technology, huge global audience, and economic effect.

Picture of 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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