When the inaugural Korean Grand Prix begins in 2010, natives may have a local team to get behind. Hyundai has announced their plans to enter the world of Formula One in the 2010 season.
Hyundai, who originally planned to purchase an existing team, may forgo that option and partner with electronics maker Samsung to finance the team. Talks are currently underway between the automaker and Bernie Ecclestone to secure a place on the grid.

The news is partnered with rumors that Hyundai may re-enter the world of rallying, and that, coupled with the technological developments inherit with F1, should make the automaker a more viable player on the world stage.

[Source: Eurosport]

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