South Korea to host Formula E from 2020

Formula E has announced plans to race in the South Korean capital of Seoul, starting in 2020.

The electric-vehicle racing series has struck a five-year deal with local promoter JSM Holdings to stage an annual e-prix in the city.

Seoul’s Gwanghwamun Square and City Hall Square have been identified as potential venues for the race, according to the New York Times.

Asia is a priority market for Formula E, which already hosts races in China and Hong Kong, and has two teams – Envision Virgin Racing and DS Techeetah – under Chinese ownership.

The news follows Formula One’s announcement earlier this month that it will debut a street race in Vietnam in 2020.