Trending 
South Korea has set its sights on hosting a Formula One race for the first time since 2013, unveiling a bold plan for a new circuit that officials believe is financially sustainable.
The proposed five-kilometre street circuit in Incheon, just outside Seoul, aims to draw crowds and revive the Korean Grand Prix, which last appeared on the Formula One calendar in 2010. However, the previous race was scrapped after only three years due to high costs and limited local interest.
Incheon city officials, who revealed the new plans on Thursday, are optimistic that this revamped approach will generate significant revenue. They forecast attracting up to 400,000 visitors over the three-day race weekend.
Mayor Yoo Jeong-bok expressed hopes of staging the first race as soon as 2028, with a vision to transform the event into a major cultural spectacle.
The newly designed track takes inspiration from successful street circuits in Singapore and Las Vegas. It is part of a broader effort to integrate Formula One with South Korea’s burgeoning K-culture. The plan includes hosting world-class cultural performances and inviting globally renowned artists to enhance Incheon’s appeal as a cultural and tourism hub.
Formula One currently holds races in 24 locations worldwide, including China, Japan, and Singapore, while other countries like Vietnam and Thailand are exploring opportunities to join the racing calendar.
As of now, Formula One has not responded to South Korea’s proposal, but the ambitions are clear: the city aims to bring a high-octane spectacle back to the country in the near future.
