The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Sat, June 25, 2022 | 07:49
Companies
ABB FIA Formula E Championship will be held in Seoul in 2020
Posted : 2019-07-02 16:47
Updated : 2019-07-02 16:59
Print Preview
Font Size Up
Font Size Down

Founder and CEO of Formula E Alejandro Agag, right, poses with Seoul E-Prix 2020 Organizing Committee Chairman Lee Hee-beom, second from right, and other members of the organizer at a press conference held at Hotel Shilla in Seoul, Tuesday. Courtesy of Formula E Korea
Founder and CEO of Formula E Alejandro Agag, right, poses with Seoul E-Prix 2020 Organizing Committee Chairman Lee Hee-beom, second from right, and other members of the organizer at a press conference held at Hotel Shilla in Seoul, Tuesday. Courtesy of Formula E Korea

By Kwak Yeon-soo

The ABB FIA Formula E Championship, the world's all-electric race series, will be held in Seoul for the first time on May 3, 2020, the organizing committee said Tuesday.

The electric racing series titled "Seoul E-Prix 2020" will be held in the middle of its sixth season in 13 locations across five continents, including Saudi Arabia, Chile, China, Germany and the U.S.

The Seoul event is likely to produce an economic effect of 400 billion won ($342 million) and create 2,800 new jobs, according to the organizer.

Unlike Formula 1, which requires construction of new tracks and emits ear-blasting engine noises, electric-powered cars will navigate street circuits near Jamsil Sports Complex in Seoul without producing much noise.

"Seoul is one of the liveliest cities in the world and has vast experiences of hosting international sport events," said Alejandro Agag, Founder and CEO of Formula E.

"As Asia holds a dominant position in electric vehicle sales and related technologies, hosting the event in Seoul can show Korea's commitment to green mobility."

The Formula E explained that it decided to bring the event to Seoul to go in line with Korea's efforts to foster the electric vehicle (EV) battery sector as the nation's new growth engine.

Seoul E-Prix 2020 Organizing Committee Chairman Lee Hee-beom explained the reasons for holding the racing event in Seoul, citing that its main purpose is to tap into the future market.

"All-electric cars supplied with Korea's leading battery technology will become the nation's new growth engine in the near future. Electric cars can also tackle environmental issues like air pollution and fine dust," Lee said.

Regarding the event date planned for May 3, Lee said it is during Japan and China's Golden Week holidays, and thus expects to attract tourists from the neighboring countries.

According to the organizer, K-pop concerts as well as other electric vehicle events will take place to attract tourists and participants.

Top drivers from renowned electric car racing teams, such as Nissan e.dams, Audi Sport ABT Schaeffler and Envision Virgin Racing, will come to Korea.

While discussing features of Gen2, an electric car model to appear in the upcoming racing series, Agag said he wishes to change the perceptions of electric cars by showing them racing.

"Gen2 is a battery-powered electric car that can run twice the distance and store twice the energy using the same battery. The Gen2 battery last for about 45 minutes and its top speed reaches 280 kilometers per hour," Agag said.


Emailyeons.kwak@koreatimes.co.kr Article ListMore articles by this reporter
 
LG
  • Underage offenders: How old is old enough to be criminally charged?
  • South Korea, China battle population woes
  • Namaste: Yogis to celebrate International Yoga Day
  • Seoul dismisses China's objection to Korea attending NATO summit
  • How much should Korea worry about monkeypox?
  • Korean economy being pushed closer toward 'perfect storm'
  • Gov't launches task force to respond to population decline
  • Insurers see profitability decline amid increased forex hedging costs
  • S. Korea finishes 6th in men's relay at swimming worlds in new nat'l record
  • Samsung, LG cut production as demand drops
  • Sci-fi fantasy film 'Alienoid' brings director's childhood imagination to screen Sci-fi fantasy film 'Alienoid' brings director's childhood imagination to screen
  • Winner, aespa: K-pop hotshots prepare for July releases Winner, aespa: K-pop hotshots prepare for July releases
  • Billie Eilish to return for one-day concert in Seoul in August Billie Eilish to return for one-day concert in Seoul in August
  • World of 'hanji' unfolds in southern Italian city of Bari World of 'hanji' unfolds in southern Italian city of Bari
  • 'Casting meddling' claim stirs musical scene 'Casting meddling' claim stirs musical scene
DARKROOM
  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

  • 75th Cannes Film Festival

    75th Cannes Film Festival

  • People in North Korea trapped in famine and pandemic

    People in North Korea trapped in famine and pandemic

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group