Sep.5 (GMM) Bernie Ecclestone on Sunday sounded defiant amid reports Korea is not ready to welcome formula one.

Yeongam, about a four hour drive from Seoul, is scheduled to host its inaugural grand prix late next month.

Karun Chandhok did the first demonstration laps of the track on Saturday in a Red Bull, admitting that the venue is not yet complete.

Photos showed some buildings and grandstands are half built, fences missing, run-off areas unpaved and the track with only an initial layer of asphalt.

"How can a grand prix take place here?" wondered the German newspaper Bild am Sonntag, captioning a photo of a construction worker carrying materials against the backdrop of a half-built building.

The newspaper said even a full supply of water and electricity is not yet present.

Additionally, many seats in the main grandstand are not installed, while parking lots are not ready to accommodate cars.

"There are problems," admitted F1 chief executive Ecclestone, "but we assume that the race can take place.

"The circuit is definitely ready, but as for all the buildings, perhaps not," admitted the Briton.

"So we may have to put up some tents," Ecclestone joked.

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