The first Formula One race was held at the track in 2010. The deal is for seven years, with a five-year option after that which would take the race until 2021. The circuit is also set to mark the return of the Korea Super Prix in 2011. The Formula Three event, previous held at the Changwon City Raceway, last raced in 2003.
It was announced on September 2, 2009, that the funding was in place to start construction at the site, and officials were confident the work would be completed in time to hold a Grand Prix in 2010. On December 10, 2009, the organisers of the event announced that they were on schedule, with a plan to finish the circuit on July 5, 2010, though they admitted that their largest problem lay in finding accommodation for all Formula One staff and spectators. The organisers also ruled out the possibility of staging the race at night until they have more knowledge of and experience in running a Grand Prix.
The Korean GP was run on October 24 for the 2010 Formula One season. The event was the 17th out of 19 events during the 2010 Formula One season after the Japanese Grand Prix at the Suzuka Circuit. The capacity of the venue is 135,000 spectators.
In the midst of speculation that the race would be aborted because the circuit would not be completed in time, organisers for the race announced the circuit's opening date to be September 5, 2010.
On September 4, 2010, in an event called ‘Circuit Run 2010’, a Red Bull Racing Formula 1 show car using a V10 version of the current Renault engine, with Karun Chandhok at the wheel, completed 14 laps of the all new Korean Formula One Grand Prix circuit. Four thousand spectators travelled to the new track for the event.
The final track inspection was delayed multiple times. Originally, the FIA technical delegates were due to inspect the circuit on 28 September 2010 in order to grant permission for F1 races to be held there, however the date was later moved to the 11th October, only 11 days before the first cars were scheduled to start first practice. Following a two-day track inspection, FIA race director Charlie Whiting described the Yeongam circuit as ‘satisfactory’ and announced the mandatory license would be issued through the Korea Automobile Racing Association (KARA).

Full article - Wikipedia
Circuit type | Track |
First Race Held | 2010 |
Time zone | GMT +9 |
Designer | Herman Tilke |
Capacity | 135,000 |
Circuit length | 5.615 km (5.615 mi) |
Race length | 308.630 km (308.630 mi) |
Number of laps | 55 |
Circuit Turns | 18 |
Circuit Direction | Counter clockwise |
Number of races held | 1 |
Lap record | 1:50.257 - (F. Alonso, 2010) |
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