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 |  Jul 20 2011, 7:36 PM

Ferrari has just announced that the Eternità concept is the winning entrant for their International Design Contest. The contest challenged students to develop the Ferrari hypercar of the future with the latest generation technologies and materials, while preserving the iconic performance and elegance associated with the legendary Italian automaker.

The Eternità was created by students of South Korea’s Hongik Univeristy, with a futuristic roadster with aerodynamic styling, a wraparound windscreeen and aggressive side skirts. Fifty prestigious international design schools entered the competition and the Eternità beat out the Xezri and Cavallo Biaco concepts from students of IED Turin and RCA London. Ferrari chairman Luca di Montezemolo said, ”I saw at first hand the many genuinely innovative ideas that these talented youngsters sent us and could feel the enormous passion and commitment that had gone into them. I am certain that some of these suggestions will come to light in the Ferraris of the future.” The winner was awarded the grand prize of an internship at Ferrari in Maranello, Italy as well as a cash prize.