F1: Korean Grand Prix circuit construction still on schedule

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Following news published in the printed medias and on the Internet, the organisers of the inaugural Korean Grand Prix have dismissed rumours that the event could be delayed until 2011.

Promoter Korea Auto Valley Operation (KAVO) said that the track in Yeongam-gun, Jeollanam-do, was now 66 per cent complete, and would be fully finished in June or July.

The maiden Formula 1 race is scheduled for October 24 this year.

“The representative facilities of the circuit are in very good progress,” said KAVO CEO Yung Cho Chung in a press released posted on the official web site of the event.

“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.”

The 3.493-mile long Korea International Circuit will be the country’s first FIA approved international racetrack.