Other website sections

»Sports Market Reports

»Sports Jobs

»Tenders

»Directory

»Conferences

Organisers of the inaugural Korean Grand Prix have played down fears that the circuit will not be ready to make its Formula 1 debut in October.

Reports have suggested that the event could have to be delayed until 2011 but promoter Korea Auto Valley Operation (KAVO) claims the track in Yeongam-gun, Jeollanam-do will be finished in June or July.

"The representative facilities of the circuit are in very good progress," KAVO chief executive Yung Cho Chung is quoted as saying on Autosport. "The racing track itself is at 70 per cent completion rate and the main grandstand currently stands at 80 per cent. The Formula 1 track is now visible. It may be completed in June at the earliest."

KAVO is a joint venture between private firm M-Bridge Holdings and the provincial government of South Jeolla.