The ABB FIA Formula E Championship is planning to race in South Korea in Season Six after agreeing a five-year deal with a local promoter.
As revealed by e-racing365 last month, discussions for the country to host a round of the all-electric championship were at an advanced stage after several meetings held between Formula E and South Korean officials in September.
Formula E now says it has reached an agreement with the South Korean-based JSM Holdings to stage an E-Prix, with the capital Seoul the preferred option.
“I’m extremely excited about the prospect of bringing Formula E to Seoul and this news is a great first step in the right direction,” said Formula E founder and CEO, Alejandro Agag.
“Korea and Seoul in particular is an ideal venue to host an E-Prix and showcase the best that electric racing has to offer.
“Korea is at the forefront of future-facing developments, leading the way with cutting-edge innovations and recognized as a global trend-setter in the automotive and technology sectors – synergies shared with the overarching vision and concept of the ABB FIA Formula E Championship.”
South Korea has experience of hosting major international motorsports events as it ran the Formula 3 Super Prix on the streets of Changwon from 1999-2003, and more recently, Formula 1 at the Korea International Circuit in Yeongam from 2010-13.
Hong Kong and Sanya serve as the Asian leg of this season’s championship, placed two weeks apart from each other in March.
The Season Six calendar would likely see the proposed Korean race make it a three-date Asian leg, which is currently built around the Hong Kong EPrix.
“This event will show the ongoing development of electric vehicle technology from global automotive brands, using the platform of a truly exciting and competitive racing series,” said Moon Jae Sik, CEO of JSM Holdings.
“It’ll also contribute in attracting tourists from China and Japan, where interest towards the growth of clean transportation and motorsport is high.”
As the sixth largest automotive market in the world, South Korea serves as a hotbed for automotive technology, with the likes of Hyundai, Kia and Mahindra-owned Ssang Yong all based in the country.
“Breaking in to new markets is important and going to Seoul which is a leader in technology is very interesting to us,” Audi Sport ABT Schaeffler team Pprincipal Allan McNish told e-racing365.
“The relevancy of going to countries like South Korea is obvious and attractive so we will be looking forward to racing there.”