The Korean Grand Prix is a Formula One race held in South Korea. After months of speculation, on October 2, 2006 it was confirmed that the event would actually take place in 2010, and would be hosted by the Korea International Circuit. It has also been revealed that the race will be promoted by a public-private company. The deal is for seven years with a five year option that would ensure the race to be held until 2021.
Despite this earlier confirmation, the South Korean Grand Prix was not included on any of the provisional 2010 calendars floated by Formula One Management. Following approval of funding for the event, however, 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. On December 10, 2009, the organisers of the event announced that they were on schedule, with a plan to finish the circuit on July 5, 2010, though they admitted that their largest problem lay in finding accommodation for all Formula One staff and spectators. 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, however this was denied by the race promoter who said that the circuit was ahead of schedule.
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. After the FIA inspection, Race Director Charlie Whiting declared that the race would go ahead.
Formula One drivers commented positively on the new circuit before the race weekend got under way, with several commenting that it looks like an interesting, challenging track.