Formula One Management President Bernie Ecclestone, center, South Korea’s Chollanam-do Province Gov. Park Joon-yung, left, and Korea Auto Valley Operation President Chung Yung-cho hold their hands during a signing ceremony in Seoul, South Korea, Monday, Oct. 2, 2006 to launch Formula One Korean Grand Prix in Chollanam-do.

The world’s most prestigious auto race will be held in the southern South Korean county in 2010 for a seven-year run, organizers said.

(Photo by Ahn Young-joon)

I think its good that something like this is going to Chollanam-do instead of Seoul. It will definitely bring a lot of people to parts of Korea that they wouldn’t normally go to.