South Korea is set to become the next country to host an ABB FIA Formula E Championship event, with the iconic city centre of Seoul being identified as a preferred location for an event as part of the 2019-20 ABB FIA Formula E Championship.
This is following an agreement with JSM Holdings as race promoter to stage a race in South Korea, with the electric market in South-East Asia being identified of key importance for the championship.
The first race is expected to take place in 2020, with the Gwanghwamun Square and City Hall Square in Seoul being identified as the favourite venues for a Formula E race to take place.
The agreement was signed at the State Tower in Seoul, with Alejandro Agag, CEO of Formula E Holdings and Moon Jae Sik, CEO of JSM Holdings. This agreement should allow single-seater racing to return to South Korea for the first time since the 2013 Korean GP at Yeongam International Circuit. And this time, it will be electric cars that will take centre stage.
Alejandro Agag, CEO of ABB FIA Formula E Championship was delighted by the prospect of a race in South Korea given the growing market of electric cars in this corner of the globe, saying: “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. 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 recognised as a global trendsetter in the automotive and technology sectors – synergies shared with the overarching vision and concept of the ABB FIA Formula E Championship.”
Moon Jae Sik, CEO of JSM Holdings was delighted about the prospect of bringing Formula E to Seoul, saying: “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.
“It’ll also contribute in attracting tourists from China and Japan, where interest towards the growth of clean transportation and motorsport is high.”