Mark Webber has tipped fellow Australian Daniel Ricciardo to replace him at Formula One champions Red Bull next season.
Perez, who started eighth on the grid, finished ninth after being passed by Kevin Magnussen towards the end of the 56-lap race.
The Korean Formula One Grand Prix has been formally dropped from the 2015 calendar after its surprise inclusion last month for contractual reasons.
Sebastian Vettel drove a flawless tactical race to claim his maiden victory for Ferrari at the Malaysian Grand Prix on Sunday, registering the first Formula One win for the Italian team since 2013.
Germany's Nico Rosberg won a dramatic British Grand Prix for Mercedes on Sunday after one of several explosive tyre failures scuppered team mate Lewis Hamilton's hopes of home victory.
Hamilton has won half of the season's 20 races so far, propelling his team to an unprecedented sixth successive title double, but Brazil was a disappointing weekend with Valtteri Bottas retiring.
Lewis Hamilton won a dramatic Russian Formula One Grand Prix on Sunday to take a huge step towards his third world championship after Mercedes teammate Nico Rosberg retired with throttle failure.
The race has been won from pole eight times out of 11 editions.
Lewis Hamilton won the Monaco Grand Prix for Mercedes on Sunday, nursing his car's worn tyres to the finish in a nail-biting victory worthy of the team's late great Niki Lauda.
Mercedes driver Lewis Hamilton will start the Chinese Formula One Grand Prix from pole position after setting the fastest time in qualifying on Saturday.
From bloody noses to sparks on the race track, Rediff.com has the best pictures from the last week snapped right here...
Red Bull's Dutch 20-year-old Max Verstappen took the chequered flag in second place with Kimi Raikkonen completing the podium for Ferrari and Australian Daniel Ricciardo finishing fourth for Red Bull.
After pipping Ferrari's Sebastian Vettel with a lap of one minute 23.599 seconds in the first practice, the Briton shaved almost a second in FP2, his quickest lap clocked at 1:22.60.
Ferrari title rival Sebastian Vettel qualified only ninth.
The Finn, world champion with Ferrari in 2007, is out of contract at Lotus at the end of the season and has been strongly tipped to become triple world champion Sebastian Vettel's team mate next year.
The 31-year-old German fell 30 points behind race-winner Hamilton after a collision with the Briton left him struggling to finish fourth in Monza last time out, one of several races where Vettel has frittered away a position of authority.
A glaring error by Ferrari denied Charles Leclerc the chance to shine at home, with the 21-year-old failing to make it through the first phase and qualifying only 16th after going fastest in final practice.
Fernando Alonso indicated his Formula One future was in his own hands despite Red Bull announcing on Saturday that four time world champion Sebastian Vettel was leaving to join Ferrari.
Austin is a favourite track for the 34-year-old Mercedes driver and he will also be fancied to round up his Texan win tally to six on Sunday.
Daniel Ricciardo kept calm and carried on to win a tense Monaco Grand Prix for Red Bull on Sunday after power unit problems threatened to wreck his hopes of victory in Formula One's showcase race.
Sergio Perez shook off the gear-box change penalty to claim his and Sahara Force India's second podium place of the season with a third-place finish at the European Grand Prix while Nico Hulkenberg took the ninth spot, in Baku, on Sunday.
A summary of sports events and persons who made news on Thursday
Lewis Hamilton won in Sunday's Azerbaijan Grand Prix ahead of Kimi Raikkonen and took championship lead.
Six-times world champion Lewis Hamilton and his team will take centre stage, hoping for another year of dominance after winning both titles for the past six years and ending up fastest in winter testing. Ferrari can be trusted to provide plenty of headlines with four-times champion Sebastian Vettel fighting to reassert himself at the team after being outshone by quick newcomer Leclerc, a double winner in 2019.
Team by team analysis of Sunday's Russian Grand Prix (listed in championship order):
Ferrari's Sebastian Vettel, winner of 52 races, has gone more than a year since he tasted victory at last year's Belgian race.
Vettel, 17 points behind Hamilton after a commanding win in Belgium last Sunday, has previously triumphed at Monza with Toro Rosso and Red Bull and will fancy his chances of the hat-trick at the super-fast track outside Milan.
Sahara Force India continued to struggle as Adrian Sutil will start Singapore's Singapore Grand Prix from 15th position on the grid and Paul di Resta from 17th.
Kimi Raikkonen will not drive for Formula One champions Red Bull next season after talks broke down, his manager said.
The French Formula One Grand Prix will return in 2018 after a 10-year absence with the race scheduled to take place at the Circuit Paul Ricard in southern France, regional politician Christian Estrosi said.
Formula One world champion Lewis Hamilton won his home British Grand Prix for a record sixth time on Sunday to stretch his lead over Mercedes team mate Valtteri Bottas to 39 points.
Formula One world champion Lewis Hamilton took pole position for the French Grand Prix on Saturday with Mercedes team mate Valtteri Bottas alongside him on the front row.
Lewis Hamilton collected his champion's trophy at a glittering gala in Paris after ending the year in touching distance of Michael Schumacher's records for wins and titles.
Lewis Hamilton led every lap from pole position to chequered flag, banging in a fastest lap for good measure to emphasise his supremacy
Sebastian Vettel may need to rely on a stroke of luck at the Japanese Grand Prix on Sunday if the German wants to keep alive his diminishing hopes of claiming a fifth Formula One title.
Lewis Hamilton won the Mexican Grand Prix for Mercedes after a first-lap scare on Sunday but the Briton will have to wait another week to wrap up his sixth Formula One world championship. Hamilton's 10th win of the season, and 83rd of his career, was also a 100th for Mercedes as a constructor.
The Finn lapped the six-km Baku street circuit in one minute, 40.495 seconds, just 0.059 seconds faster than team mate and championship leader Lewis Hamilton.
Sebastian Vettel trimmed Lewis Hamilton's Formula One lead to 17 points with eight races remaining.
Sunday's Chinese Grand Prix will be the 1,000th race of the Formula One world championship since the first at Silverstone in 1950.
Lewis Hamilton's lap of one minute 25.892 seconds is a track record at the Silverstone circuit.
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