Formula E parks up in South Korea

All-electric racing series plans to stage first race in Seoul in 2020.

Formula E parks up in South Korea

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Formula E has announced plans to stage an ePrix on the streets of Seoul, South Korea from 2020.

The all-electric racing series has reached a five-year agreement with JSM Holdings to serve as race promoter for the event, which is slated to be introduced for the championship’s sixth season.

Gwanghwamun Square and City Hall Square in the South Korean capital have been touted as the favoured venues for the race, which remains subject to approval from city authorities and the FIA World Motorsport Council.

“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 chief executive Alejandro Agag. “Korea and Seoul in particular is an ideal venue to host an ePrix 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 trend-setter in the automotive and technology sectors - synergies shared with the overarching vision and concept of the ABB FIA Formula E Championship.”

The move would mark Formula E’s latest push into Asia, where it will stage races in Hong Kong and the Chinese city of Sanya as part of its upcoming fifth season, which gets underway in Saudi Arabia on 15th December.

“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,” added Moon Jae Sik, chief executive of JSM. “It’ll also contribute in attracting tourists from China and Japan, where interest towards the growth of clean transportation and motorsport is high.”