"For Peter, this is a great chance to try something else and it's a great reward following on from his silver medal. He's been Olympic campaigning for six years now, and during that time he's gained the skills and attracted the attention to put him in this exciting position."
Moving into the 49er skiff, and pairing with Blair Tuke, he captured attention on the Olympic class circuit with back-to-back silver 49er world championship medals in 2011 and 2012 and multiple podium finishes at ISAF Sailing World Cup Regattas.
He and Tuke went on to collect the 49er Olympic silver medal in August in London.
Burling will helm the Team Korea AC45 with four crew on board including Troy Tindall, Matt Cornwall, Giles Scott and Andy McLean, who is standing in for Mark Bulkeley.
The America's Cup world series is a professional circuit that brings America's Cup-level racing and the America's Cup experience to top international venues.
The 2012-13 AC world series stops in San Francisco, Venice and Naples, concluding in May 2013 - prior to the beginning of the 34th America's Cup in San Francisco in July next year.