It seems like an asian version of SCCA or some type of time trial event for smaller imports sponsered by Option.

I have linked a video for a fit racing, but in related videos there should be all sorts of different micro car videos like the echo, mrs, and honda life step van. Pretty cool to watch.

http://www.youtube.com/watch?v=Vh7cVRnflEk

 

pretty sweet we should have Gymkhana Micro Time Trials in the U.S

 

lol it's so hilarious to see people racing these things.