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Organisers say future of Korean GP in the balance
Korean Grand Prix organisers say there needs to be a significant reduction in the race's hosting fee if it is to continue beyond this year, with the local promoter saying the chances of Formula 1 returning in 2014 are '50-50.' The Korean GP has been included on a provisional basis in the draft calendar of 22 races in 2014, albeit in April rather than its regular date in October. However, acting promoter Park Won-hwa told The Associated Press it will be difficult for the event to continue unless F1 supremo Bernie Ecclestone makes major concessions on the hosting fee and other terms. 'We want to improve the contract because we are still in a big deficit and we want to make it less, otherwise...
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