The organizers of the inaugural Korean Grand Prix have dismissed rumors that the event could be delayed until 2011.
Promoter Korea Auto Valley Operation (KAVO) said that the track in Yeongam-gun, Jeollanam-do, was now 66 percent complete, and would be fully finished in June or July. Its first Formula 1 race is scheduled for Oct. 24 this year.
"The representative facilities of the circuit are in very good progress," said KAVO CEO Yung Cho Chung. "The racing track itself is at 70 percent completion rate and the main grandstand currently stands at 80 percent.
"The Formula 1 track is now visible. It may be completed in June at the earliest."
The 3.493-mile Korea International Circuit will be the country's first FIA-approved international racetrack. KAVO said it was focusing its efforts on ensuring that the facilities that will be used for F1 were ready first, as the venue will also feature a layout for use by other championships.