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