28 May 2024
Another big loss for Korean GP
"We will need to take some fundamental steps to change it"
There are worrying signs for the future of the new Korean grand prix, with organisers admitting yet another big financial loss for the October race.
The 2012 edition of the Yeongam event was the third since 2010, and all of them have recorded big losses.
The latest loss is $36 million, according to the Yonhap news agency.
"Just because the loss was reduced, I am not sure we can call this year’s race a success," said South Jeolla council member Seo Dong-wook.
"We will need to take some fundamental steps to change it."
Search
Formula 1 news
28 May 2024
Gasly: Ocon just has to change
28 May 2024
Red Bull must focus more ’on racing’ - Verstappen senior
27 May 2024
Red Bull ’don’t know’ cause of Monaco problem - Verstappen
27 May 2024