Despite continuing speculation that the Korea International Circuit will not be ready for the inaugural Grand Prix in October, organisers confirm that it is near completion and have even unveiled its official emblem.

"The design is inspired by the Korean flag, or 'Taegeukgi', and incorporates motorsports' most recognisable symbol, the chequered flag," claim the organisers. "The 'Taegeukgi' incorporates the four Taoist philosophical ideals of harmony, symmetry, balance and flow, and its swirling treatment on the KIC emblem depicts both the energy of motorsport and the flow of the circuit.

"The Yin and Yang elements of the Taegeukgi represent perfect balance and give our emblem a local aesthetic, while the modern design reflects our technologically-advanced new motorsport facility, the only one of its kind in the country and set to become the heart of the sport in South Korea," says Korea Auto Valley Operation (KAVO) Chief Executive Officer, Mr. Yung Cho Chung. "The emblem will be a symbol of motorsport excellence here."

The KIC emblem will become increasingly visible as the new circuit establishes itself as one of Southeast Asia's leading motorsport hubs, and hosts a variety of international, regional and local meetings over the coming months.

Despite media speculation, both the organisers and Bernie Ecclestone insist that everything is on target.