First, let’s examine the current situation of the F1 Korea race, which has incurred losses of up to 1.092 billion yuan over the past four years. The once-celebrated event has turned into the 'king of ...

The 120,000 capacity Korea International Circuit was opened in 2013 and cost hundreds of millions of pounds to build, but has ...

From its debut in 2010, the Korean Grand Prix has struggled to maintain financial viability. The inaugural year alone led to a staggering loss of 72.5 billion Korean Won, followed by additional ...

The Korea International Circuit was opened in 2010 as the sport looked to expand into Asia. After 4 races, it was abandoned and has not been used since.

(CNN)-- This weekend's inaugural Korean Grand Prix is a step into the unknown for Formula One, but Red Bull's title hopefuls Mark Webber and Sebastian Vettel are looking forward to the challenge ...

But the F1 juggernaut rolling into a nation does not guarantee the success of the sport in that country, as abandoned racetracks in places such as South Korea can testify to. The Korea ...

Former South Jeolla Province Governor Park Joon-yung has been accused of a breach of trust in causing financial losses to the provincial government by holding the Formula One (F1) Korean Grand Prix.