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2009.12.30 |
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Korea's First, Historic F1 Race, the 2010 F1 Korea Grand Prix
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Korea's First, Historic F1 Race, the 2010 F1 Korea Grand Prix
The F1 (Formula One) international car race is regarded as the greatest of all races where men compete to show the best driving capability with the most advanced automotive technology. It is an enormous international sports event with four million visitors watching in person every year and broadcast to 184 nations and more than 600 million television viewers.
Unlike theOlympics or WorldCup that are held every four years, the F1 makes a tour of 17 to 18 nations every year. The world's leading auto companies invest 2.7 trillion won every year to compose F1 race teams and participate in the race, and about 300 multinational companies participate as sponsors. The economic benefit behind the race is more than you can imagine.
To bring such economic benefit to South Jeolla Province, the provincial government held a signing ceremony in October 2006 with the British FOM (Formula One Management), the organizer of the globalF1 race, to announce Korea's first-ever F1 race, which will be held for seven years starting in 2010. KAVO, a cooperative arrangement between the province and private companies to run Korea's F1 race, was established, and the construction of a race track started in full swing in late July 2007. The construction is 53% complete, and it will be ready in June 2010. Korea's first F1 race will be held from October 15 and 17, 2010.
The circuit in Yeongam, South Jeolla, where the race will be held, measures in 5.615km in circuit, making it the longest F1 race track among in Asia (as of the 2010 season). Korea's first race track can accommodate 135,000 people, the most of any domestic sports facility. The race track, wherecars will run counter clockwise, have a 1.2km-long straight section and 18 uniquecorners (11 to the left and seven to the right) so that the cars and drivers can be tested in every respect. When running on this track, an F1 car can achieve speed of as much as 320km/h, which can be a thrilling new challenge to racers.
The process until South Jeolla successfully attracted the F1 race was not smooth at all. The F1 Support Act that specifies national support for the 2010 F1 Korea Grand Prix, the province's most important project, was passed by the National Assembly on September 16 only after many complications, but it finally put the 2010 F1 race fully on track.
The holding of the F1 race will help increase Korea's brand value and spur the domestic tourism industry, which is chronically in the red. It is expected to be especially conducive to improving the image and capacity of Korean companies.
In this light, South Jeollaneeds to continuously publicize the F1 race so that people can understand and enjoy it. To ensure that the F1 race in South Jeolla is a success after so much difficulty, the citizens of Gwangju, the provincial seat, and the citizens of all South Jeolla Province need to render constant support and interest.
GFEZ PR |
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