Korean Grand Prix organizers have denied their inaugural Formula 1 race is in danger, stating that the construction of the circuit is right on schedule.
A report in German magazine Focus claimed there was major problems with the construction of the new track, which was designed by Herman Tilke.
"For the first time I fear that a [Tilke] circuit is not going to be ready in time," Tilke was quoted as saying by the magazine.
The circuit, located in Yeongam-gun, Jeollanam-do, is scheduled to host the grand prix on Oct. 24. Korea Auto Valley Operation CEO Yung Cho Chung told AUTOSPORT on Monday, however, that the construction was in fact ahead of schedule and that there were no concerns about it not being ready for the race.
"The construction progress for our circuit is well ahead of its schedule and we have absolutely no issues with completion," Cho Chung said. "I understand that Mr. Ecclestone is quite happy with not only the progress of the track but the direction the Korean F1 race is headed and he has raised no questions and concerns."