South Korea has announced it wants to host a Formula 1 race for the first time since 2013 after unveiling a new circuit design that officials say is financially viable.
The plan would see the race take place on a five kilometer road circuit in the city of Incheon, just outside the capital Seoul.
The Korean Grand Prix was part of the Formula 1 calendar at a separate circuit in the south of the country from 2010 but was withdrawn after three years due to cost and domestic interest.
Incheon city officials said Thursday their new initiative could bring in money and they hoped to draw up to 400,000 visitors over the three-day race weekend.
Incheon Mayor Yoo Jeong-bok told reporters that they aim to host the first race in 2028.
The track design was developed after looking at street circuits in Singapore and Las Vegas.
