F1: Korean Grand Prix dropped from 2015 Formula One calender

The season has been reduced to 20 races

Sebastian Vettel at the Korean Grand Prix (Getty Images)

The Formula One season has been reduced to 20 races after the Korean Grand Prix was removed from the schedule for 2015.

The sport faced a record-breaking 21-race calendar after the event - set to be staged in Mokpo at the southern tip of South Korea - was included as a surprise addition last month.

Following a four-year run after its debut in 2010 the Korean Grand Prix dropped off the calendar for last season due to a lack of funds and poor attendances.

And despite its initial inclusion for 2015 on the schedule released in December, the FIA has excluded it from its revised schedule released on Tuesday.

PA