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The South Korean city of Incheon has penned a letter of intent about hosting a street-based Grand Prix, that has
South Korea is proposing a new F1 venue after holding Grands Prix at Yeongam circuit from 2010 to 2013. Mayor Yoo Jeong-bok of Incheon delivered a letter of intent to F1 CEO Stefano Domenicali to host the F1 Incheon Grand Prix in 2026 or 2027. Incheon is considered ideal due to its transportation network and luxury accommodations. The city-based F1 model is gaining popularity, as seen with Madrid hosting the Spanish GP beginning in 2026. Osaka also expressed interest in hosting the Japanese GP, while South Korea’s potential entry could lead to a record number of Grands Prix on the calendar. It is possible that South Korea could replace Barcelona on the F1 calendar with their proposed Incheon Grand Prix.