Barely a month after he collected the FIA prize for the best promoter of 2010, the Korean grand prix’s Yung Cho Chung has been ousted.<\/p>\n
During a board meeting on Friday, the inaugural event’s chief organiser was accused of lax management and dismissed, the Yonhap news agency revealed.<\/p>\n
F1 insiders were surprised in December when Korea was awarded the prize for the best event of last year, following late construction of the Yeongham circuit and widespread tales of sub-standard utilities and accommodation.<\/p>\n
Yonhap reported that two other senior executives were also fired during the emergency shareholders meeting of Korea Auto Valley Operation (KAVO).<\/p>\n
Park Won-Hwa, the former South Korean ambassador to Switzerland, has reportedly been named Chung’s replacement.<\/p>\n
Promoter KAVO, a joint public and private venture, was not available for comment.<\/p>\n
South Korea’s race contract extends for at least six more years but KAVO launched an investigation after the inaugural event last October when flaws in the organisation became apparent.<\/p>\n
“Investors felt that KAVO’s management under Chung couldn’t guarantee success this year,” an unnamed official said on Friday.<\/p>\n
Barely a month after he collected the FIA prize for the best promoter of 2010, the Korean grand prix’s Yung Cho Chung has been ousted. During a board meeting on Friday, the inaugural event’s chief organiser was accused of lax management and dismissed, the Yonhap news agency revealed. F1 insiders were surprised in December when …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[5262,5340,2330,2066,2671],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/10507"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=10507"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/10507\/revisions"}],"predecessor-version":[{"id":10508,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/10507\/revisions\/10508"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=10507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=10507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=10507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"