Following approval of funding for the event,[3] Korea was given the date of 17 October on the 2010 calendar published by the Fédération Internationale de l'Automobile (FIA) on 21 September 2009.

[4] On 10 December 2009, the organisers of the event announced that they were on schedule, with a plan to finish the circuit on 5 July 2010, though they admitted that their largest problem lay in finding accommodation for all Formula One staff and spectators.

Ecclestone has stated that in the event that race organisers could not pay sanctioning fees, the Korean Grand Prix would be removed from the calendar.

[13] After the 2012 Australian Grand Prix, organisers of the race in Korea announced that they had reached a new deal with Formula One Management that would save $20.5 million (₩23 billion) in costs.

On 12 December 2014, Bernie Ecclestone said that Korean Grand Prix had to be added to 2015 calendar for legal reasons, citing contract obligations, but that organizers were not keen on having the race.