Kuala Lampur, April 17 --  

SEOUL, April 17 - South Korea wants to host a Formula One race for the first time since 2013 after unveiling a new circuit design that officials say is financially viable.

The plan would see races held on a five-kilometre street circuit in the city of Incheon, just outside the capital Seoul.

The Korean Grand Prix was part of the Formula One calendar at a different circuit in the south of the country from 2010 but was axed after three years because of costs and tepid interest locally.

Incheon city officials said yesterday their new plan can bring in money and they hope to draw up to 400,000 visitors over the three-day race weekend.

Incheon Mayor Yoo Jeong-bok told reporters they are aiming to stag...