The chief organiser of the Korean Grand Prix looks set to sue over his dismissal.
Shareholders of the Korea Auto Valley Operation (KOVA) – the operating body for the Korean GP – held an emergency meeting at the end of last week. Head of KOVA, Chung Young-cho, was dismissed along with two other top officials apparently over mismanagement. Park Won-hwa, former Korean ambassador to Switzerland, has taken over Chung’s duties.
Chung himself was present at the beginning of the emergency meeting however is said to have left in protest when the decision to oust him was made.
“He said he couldn’t accept the decision because there was something wrong in the procedure,” Jung Ji-hyun, a KAVO spokesman told newspaper The Korea Herald.
“He is now in discussion with his advisers as how to file a lawsuit.”
It appears that Chung is under fire for two things – the poor preparation for the Korean Grand Prix and the mishandling of the organisation’s expenditures. The Korean International Circuit was meant to cost 340 billion won however extra funds were required bumping the cost up to 400 billion won.
The Board of Audit and Inspection is currently looking into these issues however Chung denies that he has done anything wrong.