Having been a surprising winner at the FIA Prize-giving Gala for staging the best Formula 1 event in the 2010 season, Chung was accused of poor management and dumped from his position in a extraordinary board meeting of the Korea Auto Valley Operation (KVAO).
The move to dump Chung is generally believed to be political, and after the seemingly disorganised lead-up to the inaugural race in October – where it is believed he was also accused of running the project massively over budge – last year, it is perhaps not a great surprise. A rotting fish, as they say, stinks from the head first…
But Chung was also believed to be a close acquaintance of F1 boss Bernie Ecclestone, and the organisation’s appointment of a former international diplomat in Chung’s place may not bode well for the long term future of the event at Yeongyam. The event’s contract runs for another six years.
But a source close to Chung has revealed that he is preparing to sue KAVO.
“He said he couldn’t accept the decision because there was something wrong in the procedure,” the source, KAVO spokesman Jung Ji-hyun told the Korea Herald.
“He is now in discussion with his advisers as how to file a lawsuit.”
[Original image via SRN News]