South Korea has reached an agreement with Formula One Management to host a Grand Prix from 2010, autosport.com can reveal. The Korea Auto Valley Operation (KAVO) – a joint-venture between the Jeollanam-do province government and official F1 promoter company M-Bridge Holdings – will hold the signing ceremony in ten days in Seoul.
That’s good & bad. Good because we get to see races in new places, new circuit. Bad, because obviously one of the old circuits will definitely get bumped off.