The proposed 2020-21 ABB FIA Formula E Championship race in South Korea will give Korean automotive manufacturers “encouragement” to join the series, according to Formula E chairman Alejandro Agag.
An additional OEM committing to the championship is not expected until the 2020-21 season but either Kia or Hyundai are believed to have completed initial studies for entering the championship.
Agag signed an agreement with a South Korean promoter last month to identify a location in the country’s capital city Seoul to host a future race.
“We really would like to have a Korean manufacturer but for the moment one has not made the decision to step in,” Agag told e-racing365.
“I think having a race in Korea will be a big encouragement to have one coming and we should get at least one coming in.”
Agag also reiterated the all-electric championship’s desire to see a U.S.-based manufacturer compete.
“My big ambition is to get one Korean and also an American manufacturer. So we have to see if this race helps,” said Agag.
“We have still to find a location but I am pretty sure we will have a race there in Season Six.”
Hyundai currently runs a full World Rally Championship team, while Kia, which Hyundai has a 33.8 percent stake in, does not currently have a major motorsport program.
E-racing365 revealed last month that Hyundai has committed to the new ETCR touring car platform, and is set to build an electric-powered Veloster N TCR for 2020.
Other manufacturers based in South Korea include SsangYong, which is mostly owned by Mahindra & Mahindra.