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According to the audit committee's statistics on the speculative industry, 11 million people entered the over-the-counter sales office as of last year, with sales reaching 5.581 trillion won. If the revision of the Individual Consumption Tax Act is passed, an additional 18.4 billion won will be collected from the admission fee, and if 20% of the sales of the over-the-counter sales of horse racing are imposed as individual consumption taxes, the Korean Horse Association will have to pay an additional 1.1162 trillion won in taxes as of last year. While the Korean Horse Association is pushing for horse racing innovation with the aim of entering Part II in 2016, a group of racehorse producers has expressed strong opposition, and the Majae Association has also said it cannot accept the proposal from the horse association and will engage in official consultations with the horse association.
Tuesday, March 10 2026 - 09:28 AM
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Instead of establishing an individual consumption tax on cigarettes, we are asking the government to impose an individual consumption tax on the burn racetrack, which is a concept of 'gambling tax', to make up for the shortfall in tax revenue." Lawmaker Hong said, "The over-the-counter sales office of the race is a facility where people bet while watching the race through video, and is recognized as a speculative space, not a leisure space. In response, they argue that strengthening the individual consumption tax on over-the-counter sales offices has a positive effect on suppressing such speculative activities. The partial amendment to the individual consumption tax law, represented by Rep. Hong Jong-hak, calls for a three-fold increase in taxes included in the over-the-counter admission fee (2000 won) from the current 1,000 won to 3,000 won, and an additional 20% tax on the current 10% of the ticket sales as leisure tax, which is a local tax.
Tuesday, March 10 2026 - 09:26 AM
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Over the past 100 years, the Seoul Racecourse has improved the working conditions that senior managers and senior workers have been in poor condition one by one. It is not that they will not work and will do less, but that they should work while observing laws, regulations, and systems. It is said that employment, survival rights, and safety from industrial accidents of horse racing manager workers should be premised, and the Pukyong Racing Authority should also come within the boundaries. Anyway, another year has begun. This year, I hope the monster of "horse racing innovation" will be calmed down. No, the innovation that the horse racing society has unilaterally created should be completely blanked,
Tuesday, March 10 2026 - 09:25 AM
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Looking back on the past year, I am deeply grateful to everyone who worked and worked in various fields with the responsibility to protect the horse industry and the educational field rather than the expectations and hopes for the development of our horse industry, and I hope that the painful memories of last year will be handed over to the old year and that the new year of 2018 will begin with a strong sound of horse hooves with a new heart. The second five-year plan for the development of the horse industry has not yet been materialized and efforts to revive the horse industry, which only lives like a plant human, are more important than ever. At the end of May 2015, the company held the inaugural general meeting of the Horse Industry National Forum,
Tuesday, March 10 2026 - 09:23 AM
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The opposition party is spreading negative public opinion by reporting to the media as if they were waiting." The request for an order to file a lawsuit is to ask the court to issue an order to file a lawsuit against the creditor at the request of the debtor if an order for seizure or provisional disposition is issued before filing the main lawsuit. If the creditor presses the debtor by maintaining the seizure for a long time without proceeding with the lawsuit, the debtor can apply for an order to file a lawsuit, and if the creditor who received the court's order to file a lawsuit does not proceed with the lawsuit within the set period, the seizure or provisional disposition will be canceled.
Tuesday, March 10 2026 - 09:22 AM
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As soon as he took office, he said that he would hurry to start processing each department's work. In fact, he reportedly received reports on each department's work on the day of his inauguration, last weekend, and the 24th. Most welcome of all is the recognition that "the Korean Horse Association is neither an intelligence agency nor an institution that requires special security," and emphasized that "we will ensure that all possible areas of work can be carried out in a transparent manner." He also said that this is the shortcut to restoring trust to the public. Analysts say that the remarks were made in consideration of the deterioration of the image of the Korean Horse Association and the horse industry, which was triggered by former chairmen cutting off or avoiding some media outlets in accordance with the advice of some followers.
Tuesday, March 10 2026 - 09:19 AM
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Emphasizing that the best path and the goal of the Korean Racing Authority is to return to an institution that is faithful to its founding purpose, he said, "The path is a responsibility given to us by the state and the true form of the Korean Racing Authority that the people expect." He also said that generating profits through horseback riding is not an end, but a means. Instead of maximizing profit generation, publicity and sharing should now come first, and he said, "Our community will strive to become a healthy institution that expects the highest productivity in the best condition." In particular, since the establishment of infrastructure to revitalize horseback riding is also an important value, he said, "We believe that not only horse racing but also the horseback riding industry needs to grow together to complete the development of the horse industry in a true sense.
Tuesday, March 10 2026 - 09:15 AM
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Chairman Kim Nak-soon was first called as the 36th chairman of the Korea Racing Authority and said it was a personal honor. As with most inaugurations, he mentioned the weather and said, "The cold start is not so much the public's view of the current Korean Racing Authority as the weather," adding, "I am truly afraid of the public's strict order to be reborn with a great sense of responsibility." Although he was branded as the head of a state-run corporation subject to public distrust, criticism, and deep-rooted evil, he said he would not hold people accountable for any reason. It was not the problem of the entire Korean Racing Authority, but the problem was the manager who claimed to be a puppet and some of his followers who used it as a tool for his standing.
Tuesday, March 10 2026 - 09:11 AM
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On the morning of the 26th, the deportation committee of the video horse gambling center in Yongsan held a press conference in front of the government building in Seoul and demanded a meeting with Prime Minister Chung Hong-won, saying, "We cannot talk to the horse society, which causes conflicts between residents and complains of residents and teachers who oppose the opening of the over-the-counter sales center." The deportation committee issued a "letter of appeal to Prime Minister Chung Hong-won" and criticized, "The horse society falsely reported the distance between the school and the video racetrack, and pushed for the relocation of the place while violating the pre-consultation regulations with the gambling industry integration supervisory committee," and criticized, "It attempted a surprise opening even though the head of Yongsan-gu, the Seoul mayor, and local lawmakers all oppose it."
Tuesday, March 10 2026 - 09:08 AM
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However, the opposition committee, which has been calling for unconditional opposition, claims that even after the results of the test operation evaluation were announced, the committee distorted the test operation evaluation results by mobilizing members of the pro-horse society, and says it can never accept the evaluation results and will continue to protest until the union closes the Yongsan OTC. Seoul Mayor Park Won-soon, who also expressed opposition to the test operation of the Yongsan OTC, told reporters in a meeting on the evening of the 19th, "We should not open the Yongsan Video Racecourse when residents oppose it. It is problematic to push for it without consensus with residents when the surrounding areas are schools and residential areas."
Tuesday, March 10 2026 - 09:06 AM
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Despite the unpredictable darkness and chaos, all of our racers have not stopped their great journey to challenge and challenge without giving in to despair and crisis over the past year.Entering Part II, the Korean Horse Racing Association, which started anew as a member of the global horse racing industry, began small changes in the field to strengthen its competitiveness, including the Dubai World Cup away challenge last year, the introduction of advanced overseas personnel, changes in race horse training patterns and the implementation of the break time system, and the improvement of horse racing infrastructure, such as racers' long-cherished dream, began in earnest. Our members of the Seoul Horse Racing Association,
Tuesday, March 10 2026 - 09:04 AM
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The Korea Racing Authority Producers Association (Chairman Oh Young-bok) held an emergency general meeting on the 19th and decided to strongly respond to the horse society's innovation plan with the approval of 63 out of 64 participants. In addition, the Korea Racing Authority agreed with the Inland Horse Producers Association (Chairman Jang Yong-seok) to launch the "Korea Racing Authority Producers Development Measures Committee."The agreements of the two producers' organizations are 1. joint response efforts to the Korea Racing Authority Innovation Plan. 2. Participation in policies of the Ministry of Agriculture, Food and Rural Affairs in 2015, 3. Consultation and promotion for common interests between the two associations 4. Promotion of other external activities 5. Establishment and operation of an organization of the Promotion Committee to promote the agreements.
Tuesday, March 10 2026 - 09:02 AM
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Although the goal of integrated racing and entering Part II of Korean racing has been achieved, there is still insufficient support for the improvement of racehorses and the stable establishment of the production base, so I am concerned that the racehorses production industry, which is the basis of horse racing, will become an unstable house of thought.Looking at the unprecedented situation, such as the postponement of the CSAT due to last year's Pohang earthquake, the horse industry has not a solid production base and can collapse in an instant, so we look back on Korea's horse industry policy once again and hope that the completion of Part II and the era of natural Part I will come with the production of domestic horses that surpasses foreign horses thanks
Tuesday, March 10 2026 - 09:01 AM
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Last year is remembered as a year that was truly eventful and difficult until the earthquake and fire disaster at the end of the year, in addition to the nation's anxiety caused by the national manipulation of state affairs, the impeachment of the president, and the nuclear provocation of North Korea. As the horse racing industry experienced a series of deaths of horse racing officials, voices for improved working conditions, and the rare occurrence of special labor supervision, I hope that the horse racing industry, including the horse racing business, is generally cold and exhausted. I hope that 2018 will be a year that has turned around with a new start like the sun of hope, as if we are exiting a dark tunnel.
Tuesday, March 10 2026 - 08:57 AM
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Inland horses are efficiently using Let's Run Farm Jangsu's grasslands, and training has been possible regardless of weather conditions on the 400-meter indoor road of Let's Run Farm Jangsu, which was completed earlier this year. In a special race for the Breeze-up auction horse held at Let's Run Park Seoul on August 20 this year, inland horses' race power is being improved, with "Icheon Rice" and "Pulling Hands" ranked first and second. If you come to the inland domestic horse auction held in May, July, and October 2018, under the support of Let's Run Farm Jangsu, you will be able to meet high-quality horses produced and nurtured by producers and Let's Run Farm Jangsu at a foam-removed price, so please pay active attention and participate.
Tuesday, March 10 2026 - 08:54 AM
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With most farmers experiencing sales cliffs due to the liberalization of imports of foreign horses and the concentration of the top prize money, which has been in the market since the implementation of the horse racing innovation plan in 2015, it is desperately necessary to introduce a subsidy support system for closure to preserve some of the investment in grasslands and facilities and to prepare for new livelihoods when limited racehorse production farms close down. The revitalization of auctions organized by a credible association can no longer be delayed in order to ensure transparency in the distribution structure of racehorses and to form a fair market value for racehorses between many sellers and buyers.
Tuesday, March 10 2026 - 08:40 AM
Comments:
According to the audit committee's statistics on the speculative industry, 11 million people entered the over-the-counter sales office as of last year, with sales reaching 5.581 trillion won. If the revision of the Individual Consumption Tax Act is passed, an additional 18.4 billion won will be collected from the admission fee, and if 20% of the sales of the over-the-counter sales of horse racing are imposed as individual consumption taxes, the Korean Horse Association will have to pay an additional 1.1162 trillion won in taxes as of last year. While the Korean Horse Association is pushing for horse racing innovation with the aim of entering Part II in 2016, a group of racehorse producers has expressed strong opposition, and the Majae Association has also said it cannot accept the proposal from the horse association and will engage in official consultations with the horse association.
Tuesday, March 10 2026 - 08:37 AM
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You can see the record of having 1 million horses during the Goryeo Dynasty. This indicates that Korea was a horse powerhouse in Central Asia and around the world. Horse experts also evaluate that Korean guahamas, or Jeju horses, are much stronger than Mongolian horses. Given that not only citizens but also many foreigners showed interest and reaction to the Eurasian Altai Cultural Exchange Exhibition, which was held at Gwanghwamun Plaza in 2017 along with the Seoul Horse Culture Festival of the Korean Federation, I am confident that the horse industry can become a major policy of Korea in the future like K-POP. Like many Korean stars who have shone in the Republic of Korea, such as Kim Yu-na,
Tuesday, March 10 2026 - 08:36 AM
Comments:
According to the audit committee's statistics on the speculative industry, 11 million people entered the over-the-counter sales office as of last year, with sales reaching 5.581 trillion won. If the revision of the Individual Consumption Tax Act is passed, an additional 18.4 billion won will be collected from the admission fee, and if 20% of the sales of the over-the-counter sales of horse racing are imposed as individual consumption taxes, the Korean Horse Association will have to pay an additional 1.1162 trillion won in taxes as of last year. While the Korean Horse Association is pushing for horse racing innovation with the aim of entering Part II in 2016, a group of racehorse producers has expressed strong opposition, and the Majae Association has also said it cannot accept the proposal from the horse association and will engage in official consultations with the horse association.
Tuesday, March 10 2026 - 08:35 AM
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Meanwhile, there is controversy over the recent filing of a compensation suit against the individual opposition by the society. In response, the opposition claimed, "I did not know that a public enterprise would even file a lawsuit against an individual," and "I asked to talk without preconditions, but I am setting my own conditions, such as filing a complaint." The society that filed the lawsuit is only in accordance with the court's order to file a complaint. An official from the society said, "The person subject to the lawsuit first requested the court to file a complaint and accepted the court's decision. He said, "I don't necessarily want to receive money through a lawsuit, but I'm just trying to maintain the state of seizure mechanically."
Tuesday, March 10 2026 - 08:32 AM
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Therefore, I am confident that it will ultimately establish itself as an important position in the livestock industry in Korea in the future. To that end, we need to develop a system and build a control tower that will enable the training and management of experts above all else, and the main goal should be to revitalize the youth horse riding of consumers in the future, which will increase demand. In addition, investment and efforts should be made to cultivate and assist horse producers in case demand increases. As for the successful cases of France that we will benchmark, the government led the way in controlling the industry to provide various supports and public relations, and quickly established an industrial foundation.
Tuesday, March 10 2026 - 08:31 AM
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Perhaps that's why there were heated candlelight vigils and major changes in the country. Unfortunately, the horse industry, among others, was at the center of the news and delivered bad images of horse riding every day. An incident caused tremendous damage to the entire horse industry, which forced many people, including myself, to overcome very difficult times. The first comprehensive horse industry plan came as an unexpected moment for the Korean horse industry, which was growing rapidly, but in some ways, I think it provided an opportunity to publicize the unfamiliar area of the 'horse riding' to the public. Of course, it is believed that noise marketing has created a bad image to succeed,
Tuesday, March 10 2026 - 08:28 AM
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Nevertheless, the Ministry of Agriculture, Food and Rural Affairs has lost confidence in the government and disappointed farmers and horse industry workers to delay the establishment of the second five-year comprehensive plan for fostering the horse industry, which is stipulated by law, without providing any clear reasons for policy change. Moreover, in the absence of the announcement of the second five-year comprehensive plan for fostering the horse industry by the Ministry of Agriculture, Food and Rural Affairs, the Korean Horse Association's Horse Industry Promotion Headquarters announced in September 2017 that it has divided the period into three stages every five years by 2030 to grow horse industry-related projects with the goal of creating
Tuesday, March 10 2026 - 08:24 AM
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In addition, North Korea's successive nuclear tests and missile launches, not only domestic but also international security crises including the U.S. and Japan, and economic crises caused by China's retaliation of THAAD, were a series of national challenges that could not be relieved internally and externally. On the other hand, there are reports that Choi Soon-sil's daughter, Jeong Yu-ra, was given preferential treatment for horse riding, causing the illegal admission to Ewha Womans University. The government's "First Five-Year Comprehensive Plan for Promotion of the Horse Industry" from 2012 to 2016 has already expanded the base of the horse industry in the agricultural sector, and as of 2016, the base of the horse industry has already been formed,
Tuesday, March 10 2026 - 08:20 AM
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In addition, Boryeong and Guri, which have applied for the establishment and relocation of over-the-counter sales offices, are feared to intensify the conflict over the over-the-counter sales office as some civic groups and residents are protesting. The Korea Racing Authority said in late October that the evaluation of the trial operation of the Yongsan over-the-counter sales office showed that "there were still negative perceptions in the survey, but the observation showed no negative effects such as threats to school safety or damage to the surrounding environment, and most of the concerns of opposition groups were found to be unfounded." It said it would push for a phased normal opening after resuming dialogue to resolve concerns and conflicts from the opposition.
Tuesday, March 10 2026 - 08:18 AM