:Korean Grand Prix

On 2 October 2006, it was confirmed that the event would take place in 2010, and would be hosted by the Korea International Circuit, in Yeongam. It was also revealed that the race would be promoted by a public-private company. The deal was for seven years with a five-year option that would allow the race to be held until 2021.{{Cite news|title=Korean Grand Prix set for 2010|url=http://www.manipef1.com/news/articles/3060/|publisher=manipef1.com|date=2 October 2006|url-status=usurped|archive-url=https://web.archive.org/web/20150714232052/http://www.manipef1.com/news/articles/3060/|archive-date=14 July 2015}}

Despite this confirmation, the Korean Grand Prix was not included on any of the provisional 2010 calendars released by Formula One Management. Following approval of funding for the event,{{Cite news|last=Noble|first=Jonathan|title=South Korea still pushing for 2010 race|publisher=Haymarket Publications|work=autosport.com|url=http://www.autosport.com/news/report.php/id/78700|date=18 September 2009|access-date=18 September 2009}} Korea was given the date of 17 October on the 2010 calendar published by the Fédération Internationale de l'Automobile (FIA) on 21 September 2009.{{Cite news|last=Elizalde|first=Pablo|title=FIA announces 19-race 2010 calendar |publisher=Haymarket Publications|work=autosport.com|url=http://www.autosport.com/news/report.php/id/78775|date=21 September 2009|access-date=21 September 2009}} On 10 December 2009, the organisers of the event announced that they were on schedule, with a plan to finish the circuit on 5 July 2010, though they admitted that their largest problem lay in finding accommodation for all Formula One staff and spectators.{{Cite news|title=Korean GP preparations on target|url=http://www.autosport.com/news/report.php/id/80516|first=Jonathan|last=Noble|publisher=Autosport.com|date=10 December 2009|access-date=11 December 2009}} The organisers also ruled out the possibility of staging the race at night until they have more knowledge of and experience in running a Grand Prix. Despite all the confirmation, there was still a risk that the circuit might not be on time,{{cite news| url=http://www.autosport.com/news/report.php/id/82834 | work=Autosport | title=autosport.com}} however this was denied by the race promoter who said that the circuit was ahead of schedule.{{cite news| url=http://www.autosport.com/news/report.php/id/82838 | work=Autosport | title=autosport.com}}

After several postponements, the FIA scheduled a final inspection of the circuit on 11 October 2010, 13 days before the Korean Grand Prix was scheduled to begin.{{cite web|url=http://en.espnf1.com/korea/motorsport/story/29718.html |title=Korean GP inspection set for October 11 | Korean Grand Prix | Formula 1 news, live F1 | ESPN F1 |publisher=En.espnf1.com |date=29 September 2010|access-date=7 November 2012}} After the FIA inspection, Race Director Charlie Whiting declared that the race would go ahead.{{cite news| url=http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/9081589.stm | work=BBC News | title=Korean Grand Prix given go-ahead|date=12 October 2010}}

In 2011, organisers of the Korean Grand Prix expressed dissatisfaction over the terms of their contract with Bernie Ecclestone and Formula One Management, particularly with regards to the cost of race-sanctioning fees, and sought to renegotiate the contract, seeking more-favourable terms.{{cite news|title=Korea seeks to renegotiate GP contract|url=http://www.autosport.com/news/report.php/id/95498|first=Jonathan|last=Noble|work=Autosport|publisher=Haymarket Publications|date=18 October 2011|access-date=28 October 2011}}{{cite news|title=Q & A with Korean Grand Prix promoter Won-Hwa Park|url=http://www.autosport.com/news/report.php/id/95497|first=Jonathan|last=Noble|work=Autosport|publisher=Haymarket Publications|date=18 October 2011|access-date=28 October 2011}} However, Ecclestone ruled out renegotiations, stating that the initial negotiation process had been difficult enough, and that the organisers were aware of the terms of the contract when they first signed it. Ecclestone has stated that in the event that race organisers could not pay sanctioning fees, the Korean Grand Prix would be removed from the calendar.{{cite news|title=Bernie Ecclestone casts doubt on future of Korean GP|url=http://www.autosport.com/news/report.php/id/95703|first=Jonathan|last=Noble|work=Autosport|publisher=Haymarket Publications|date=27 October 2011|access-date=28 October 2011}} The final calendar, released in December 2011, kept the Korean Grand Prix.{{cite news|url=http://www.f1fanatic.co.uk/2011/12/07/united-states-grand-prix-remains-unchanged-2012-f1-calendar/|title=United States Grand Prix remains on unchanged 2012 F1 calendar|first=Keith|last=Collantine|work=F1 Fanatic|publisher=Keith Collantine|date=7 December 2011|access-date=7 December 2011}} After the 2012 Australian Grand Prix, organisers of the race in Korea announced that they had reached a new deal with Formula One Management that would save $20.5 million (₩23 billion) in costs.{{cite news|title=South Jeolla cuts costs for F1 Grand Prix|url=http://www.koreaherald.com/national/Detail.jsp?newsMLId=20120318000318|author=Oh Kyu-wook|work=The Korea Herald|publisher=Park Haeng-hwan|date=18 March 2012|access-date=19 March 2012}} Kang Hyo-seok, director of race organisation for the Korean Grand Prix, admitted that the race was still "too expensive" for Korea, anticipating an estimated loss of $26 million (₩29 billion) in 2012. The race went ahead in 2013.

A preliminary calendar for the 2014 season listed a provisional date for the Korean Grand Prix,{{Cite news|title=FNew Jersey, Austria, Russia, Mexico added to 2014 calendar |work=formula1.com |url=http://www.formula1.com/news/headlines/2013/9/15021.html |date= 27 September 2013 |access-date= 23 September 2014}} but the race was omitted from the final calendar for 2014.{{cite web|title=Korea, Mexico and New Jersey dropped as 2014 F1 calendar is confirmed|date=4 December 2013 |url=http://www.f1fanatic.co.uk/2013/12/04/2014-f1-calendar-confirmed/|publisher=f1fanatic.co.uk|access-date=December 5, 2013}}

Initially, the race was not included in the provisional 2015 calendar,{{cite news |title=World Motor Sport Council 2014 - Beijing | work = FIA.com | publisher = Fédération Internationale de l'Automobile | url = http://www.fia.com/news/world-motor-sport-council-2014-beijing| date = 12 September 2014 | access-date = 12 September 2014}} a later calendar released in December 2014, gave the Korean Grand Prix a slot on 3 May 2015,{{cite news |title=World Motor Sport Council 2014 - Doha | work = FIA.com | publisher = Fédération Internationale de l'Automobile | url = http://www.fia.com/news/world-motor-sport-council-2014-doha| date = 3 December 2014 | access-date = 3 December 2014}} having been moved from towards the end of the calendar in previous years, towards the start of the calendar. On 12 December 2014, Bernie Ecclestone said that Korean Grand Prix had to be added to 2015 calendar for legal reasons, citing contract obligations, but that organizers were not keen on having the race. Later, it was announced that it had been removed from the calendar by the FIA because the organisers did not wish to host it.{{cite web|url=http://www1.skysports.com/f1/news/17722/9602933/bernie-ecclestone-explains-south-koreas-inclusion|title=Bernie Ecclestone explains South Korea's inclusion|work=skysports.com|access-date=15 April 2017}} They had plans to revive the Korean Grand Prix in 2016, but these also failed to materialise.{{citation needed|date=January 2020}}

All Korean Grands Prix were held at Yeongam.

• Korea Super Prix, Formula Three race held annually in Korea between 1999 and 2003

{{Reflist|2}}

{{Formula One races}}

Category:Formula One Grands Prix

Category:National Grands Prix

Category:Sport in South Jeolla Province

Category:2010 establishments in South Korea

Category:Recurring sporting events established in 2010

Category:Recurring sporting events disestablished in 2013

Category:2013 disestablishments in South Korea