As far as I know, the October GP to be held in South Korea is To Be
Announced. It depends on several factors:
The major sponsor, Sepoong, a Korean conglomerate had commited to building
an FIA approved track by April of 98. I don't know if it's done.
The track is located outside of Kunsan, in the south western part of the
country. The only other hiccup is that there is a military airbase in
Kunsan and they are worried about security concerns.
Then, there is the issue of the country's overall economic condition.
Although it has found some breathing room of late, there still remains the
question whether the sponsorship will be there (from the Korean sponsors),
tv coverage royalties, etc.
I suppose we'll know by summer's end....
although I probably wouldn't get to see it personally, (damn, I'd be sure
to get free tickets!!!), I hope it does happen. It's supposedly
contracted 1998 through 2002. If not this year, maybe next year?!?!?