South Korea vows to make F1 return
5 December 2013 – Organisers of the Korean Grand Prix have vowed to bring the race back in the future, after its absence from the 2014 Formula 1 calendar was revealed on Wednesday.
Since joining the roster in 2010, the event has faced a significant financial struggle, with it being suggested that $178 million has been lost over the course of four years.
But despite the setback, Park Joon-Yung, Govenor of The Southern Province of South Jeolla, is hopeful that the Korea International Circuit will at some point return.
"Formula 1 is the future of our province," Park explained. "We will make steady efforts to achieve our goal, even though the race will not be held there next year."
A 19-race calendar was issued by governing body the FIA on Wednesday, with the Russian Grand Prix the sole new addition.