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South Korea vows to make F1 return

– Organisers of the Korean Grand Prix have vowed to bring the race back in the future, after its absence from the 2014 Formula 1 calendar was revealed on Wednesday. Since joining the roster in 2010, the event has faced a significant financial struggle, with it being suggested that $178 million has been lost over the course of four years. But despite the setback, Park Joon-Yung, Govenor of The Southern Province of South Jeolla, is hopeful that the Korea International Circuit will at some point return. "Formula 1 is the future of our province," Park explained. "We will make steady efforts to achieve our goal, even though the race will not be held there next year." A...
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