» Korean GP chief given the boot

Just over a month after collecting the Formula 1 Promotional Trophies at the FIA Prize Giving Gala for the best event on the 2010 calendar, Korean Grand Prix boss Yo Cho Chung has been sacked.

Much to the incredulity of many in F1 circles, Korea was awarded the gong for the best event of 2010, despite the event being held at a partially completed venue and there being widespread stories of substandard accommodation and trackside facilities.

The local Yonhap news agency reports that Chung’s dismissal (along with that of two other senior executives) occurred during a board meeting of the event’s promoter, the Korea Auto Valley Organisation, and followed accusations of lax management on Chung’s part.

Chung’s replacement has been announced as Park Won-Hwa, a former ambassador to Switzerland.

“Investors felt that KAVO’s management under Chung couldn’t guarantee success this year,” an unnamed source is quoted.

[Original image via Sutton Images]