Comments:
As the second business agreement period with Jeju Special Self-Governing Province ended on December 31 this year, the Korea Racing Authority signed the third business agreement at Samda Hall on the second floor of the provincial government on the afternoon of the 16th. Through this third agreement, the Korea Racing Authority will increase the number of relay races in Jeju racetracks from 320 times a year (the second agreement period) to more than 430 times, and Jeju Island will reduce the leisure tax reduction rate by 2 percentage points from 25 percent to 27 percent.Last year, Jeju's revenue from Jeju's relay race amounted to 53.2 billion won (53.2 million U.S. dollars), accounting for 65 percent of Jeju's 81.7 billion won in local taxes, and 63 billion won is expected this year. Jeju expects to increase its revenue by more than 1 billion won due to the expansion of the race.
Sunday, March 01 2026 - 03:53 AM
Comments:
The implementation of the Korea Cup International Invitational Race, which will be established in 2016, is expected to help the horse racing industry, which has had a strong negative image, improve its new positive image thanks to visits by foreign racehorses and officials and competition with each other.Meanwhile, the two-year-old horse series and sprinter series will be added next year to boost interest in the race. The two-year-old horse series, which will be newly established to raise interest in the race, will include a horse race and a special race in addition to the existing two-year-old horse special race. As a result, the prize money will be increased by 600 million won, and the prize money for the best horse will be paid 100 million won. The sprint series will include the Busan Ilbo Cup, which will be built at Pukyong Racing Park, the Korea-Japan Race Exchange and the Korea Print.
Sunday, March 01 2026 - 03:51 AM
Comments:
It was a time to think about the common part of Korean horse racing and talk head-to-head."Given that the prize money for horse racing is expected to remain unchanged next year from this year, the Korea Cup and the Korea Cup Sprint international invited races, which will cost 1 billion won and 700 million won, are expected to become the best horse racing competitions in Korea. "We have Hong Kong, the U.S. and European countries in mind, in addition to Japan, Singapore and Dubai, which have been quarantined for the first time," said an official from the Korea Racing Authority. The number of invited races will be less than eight, and there will be no special restriction on qualifications. The committee will be formed to select candidates for domestic as well as foreign racehorses.
Sunday, March 01 2026 - 03:47 AM
Comments:
Since the first half of this year, the Korea Racing Authority has been pushing for a two-stage horse racing innovation plan to create synergy with the first-stage horse racing innovation plan. The society delivered the second-stage horse racing innovation plan to related organizations in early April and held working-level discussions. The society planned to finalize and apply the detailed plan for each of the second phase of horse racing innovation projects in July, but the plan was delayed due to opposition from related organizations and the change of consultation. A source from the society said, "The coordination with related organizations on the second phase of innovation is in the final stage. It is expected that much of the plan will go according to the original plan. It will be finalized and applied by mid-January next year."
Sunday, March 01 2026 - 03:30 AM
Comments:
In response, the Seoul Racing Authority opposed the plan, but since foreign horses recruited this year are not actively engaged in due to lack of understanding of Korean horse racing and poor horse racing environment compared to foreign countries, there will be no problem of great concern even if foreign horses are recruited, and they agreed to expand gradually but maintain up to 10% after the opening of Yeongcheon Racecourse.Meanwhile, next year's ranking prize money distribution ratio was agreed to increase from the current 55% to 56%, and to 57% in 2017.
Sunday, March 01 2026 - 03:28 AM
Comments:
In addition, the Korea Racing Authority will use the resources raised by the leisure tax reduction to promote the improvement of Jeju horse racing facilities and the strengthening of functions. The abolition of the purchase ceiling for foreign horses is because the Seoul Horse Racing Association argued that the price limit needs to be verified for a certain period of time as the purchase ceiling has been raised to $50,000 this year, and that it is impossible to abolish or raise the price limit until the competitiveness of domestic horses is secured. The Seoul Horse Racing Association also strongly opposed the mountain horse integration race, saying that the competitiveness of domestic horses was revealed as the first and second-class mountain integration races, which have been implemented since this year, showed poor performance as feared.
Sunday, March 01 2026 - 03:22 AM
Comments:
The implementation of the Korea Cup International Invitational Race, which will be established in 2016, is expected to help the horse racing industry, which has had a strong negative image, improve its new positive image thanks to visits by foreign racehorses and officials and competition with each other.Meanwhile, the two-year-old horse series and sprinter series will be added next year to boost interest in the race. The two-year-old horse series, which will be newly established to raise interest in the race, will include a horse race and a special race in addition to the existing two-year-old horse special race. As a result, the prize money will be increased by 600 million won, and the prize money for the best horse will be paid 100 million won. The sprint series will include the Busan Ilbo Cup, which will be built at Pukyong Racing Park, the Korea-Japan Race Exchange and the Korea Print.
Sunday, March 01 2026 - 03:05 AM
Comments:
Japan, Singapore, and Dubai, where the two countries have concluded quarantine inspections, are taking for granted as Korean racehorses have also run away races. The Korean Racing Authority is also considering inviting Hong Kong, the U.S., and European countries. To that end, an international racing task force team will be formed to push for the successful hosting of the Korea Cup. However, it is expected to be a major variable as it is difficult for the Korean government to conclude the quarantine inspection quickly in order for racehorses from countries that have not yet signed a quarantine inspection between countries to participate. Officials from the Korea Racing Authority diagnosed that the prize money should be more than 400 million won (468,400 U.S. dollars), but they expect a significant number of foreign racehorses to participate in the Korea Cup, which will cost more than 700 million won (468,400 dollars).
Sunday, March 01 2026 - 03:03 AM
Comments:
Chairman Hyun Myung-kwan said at the general meeting of the management strategy meeting, "I would like to thank all employees once again for their hard work at the end of 2015," adding, "In 2016, we will promote management innovation with customer satisfaction as the top priority, and we will make sure to create tangible results by teaching on the other hand, not only this year's performance but also the somewhat sluggish areas in the business promotion." Meanwhile, employees of the Ma Association and related organizations who attended the management strategy meeting said, "The overall evaluation seems to have improved as the management strategy meeting where everyone attends has been repeated. It seems that there is a sense of responsibility that everyone participates in management together, not the Ma Association, which is driven by some management.
Sunday, March 01 2026 - 02:58 AM
Comments:
It is true that I participated in the competition with half expectations and half worries. I always had expectations for the Breeders' Cup, but I think I came in third last year and second the previous year. Horse racing did not mean that I did my best, but that the horse's condition and opponent's strength were all combined, and I am happy that it has led to a good result. Since open racing will continue to be added in the future, I think this is not the end but the part that I should keep running. How can I be happy that I won the championship as an assistant teacher? However, I just wonder if it is because other people say so on the record. At award ceremonies, I tend to control my emotions as much as possible. Since there are many chances to win, there are often people who feel uncomfortable about me standing on the podium. I like it only inside and can't express it well on the outside, but I think I saw it.
Sunday, March 01 2026 - 02:41 AM
Comments:
Since the first half of this year, the Korea Racing Authority has been pushing for a two-stage horse racing innovation plan to create synergy with the first-stage horse racing innovation plan. The society delivered the second-stage horse racing innovation plan to related organizations in early April and held working-level discussions. The society planned to finalize and apply the detailed plan for each of the second phase of horse racing innovation projects in July, but the plan was delayed due to opposition from related organizations and the change of consultation. A source from the society said, "The coordination with related organizations on the second phase of innovation is in the final stage. It is expected that much of the plan will go according to the original plan. It will be finalized and applied by mid-January next year."
Sunday, March 01 2026 - 02:39 AM
Comments:
In addition, the Korea Racing Authority will use the resources raised by the leisure tax reduction to promote the improvement of Jeju horse racing facilities and the strengthening of functions. The abolition of the purchase ceiling for foreign horses is because the Seoul Horse Racing Association argued that the price limit needs to be verified for a certain period of time as the purchase ceiling has been raised to $50,000 this year, and that it is impossible to abolish or raise the price limit until the competitiveness of domestic horses is secured. The Seoul Horse Racing Association also strongly opposed the mountain horse integration race, saying that the competitiveness of domestic horses was revealed as the first and second-class mountain integration races, which have been implemented since this year, showed poor performance as feared.
Sunday, March 01 2026 - 02:35 AM
Comments:
It was a time to think about the common part of Korean horse racing and talk head-to-head."Given that the prize money for horse racing is expected to remain unchanged next year from this year, the Korea Cup and the Korea Cup Sprint international invited races, which will cost 1 billion won and 700 million won, are expected to become the best horse racing competitions in Korea. "We have Hong Kong, the U.S. and European countries in mind, in addition to Japan, Singapore and Dubai, which have been quarantined for the first time," said an official from the Korea Racing Authority. The number of invited races will be less than eight, and there will be no special restriction on qualifications. The committee will be formed to select candidates for domestic as well as foreign racehorses.
Sunday, March 01 2026 - 02:17 AM
Comments:
More than 600 people, including executives and employees of the Korea Racing Authority and horse racing-related organizations and producers' associations, attended the meeting to share 2015 innovation cases by headquarters, including "Globalization of Horse Racing," "Advanced Marketing," and "Management Innovation," and major 2016 visions such as "Creating a Let's Run Park Seoul Theme Park," "Internationalization of Horse Racing Products," and "Global Marketing." It was the first attempt by the Korea Racing Authority in February this year that allowed all employees to attend the management strategy meeting, which usually only executives attended, and at the suggestion of Chairman Ji Sung-kwan, he invited horse racing officials, customers, and reporters along with all employees in January to hear the vivid voices of all officials, and invited all employees and representatives of partner companies to participate in the management strategy meeting held in February.
Sunday, March 01 2026 - 02:14 AM
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In response, the Seoul Racing Authority opposed the plan, but since foreign horses recruited this year are not actively engaged in due to lack of understanding of Korean horse racing and poor horse racing environment compared to foreign countries, there will be no problem of great concern even if foreign horses are recruited, and they agreed to expand gradually but maintain up to 10% after the opening of Yeongcheon Racecourse.Meanwhile, next year's ranking prize money distribution ratio was agreed to increase from the current 55% to 56%, and to 57% in 2017.
Sunday, March 01 2026 - 02:10 AM
Comments:
Regarding the introduction of a fixed rate system for horse racing prize money, which has not yet reached a complete agreement, the Seoul Racing Association intends to first realize it and discuss the conversion of the fixed rate system as the current amount of horse racing prize money is set lower than the actual input cost of the opponent, such as not properly reflecting the actual 1,800 heads of race horses and 890 heads of annual introduction. Among the minor changes, the Korea Racing Authority initially proposed to increase three races in 2016, eight in 2017, seven in 2018, and 10 in 2019, but through consultation, it agreed to increase one listed race at the Pukyong Racecourse in 2016, one listed race in Pukyong in 2017 and one grade race in Seoul in 2018.
Sunday, March 01 2026 - 01:47 AM
Comments:
In addition, the Korea Racing Authority will use the resources raised by the leisure tax reduction to promote the improvement of Jeju horse racing facilities and the strengthening of functions. The abolition of the purchase ceiling for foreign horses is because the Seoul Horse Racing Association argued that the price limit needs to be verified for a certain period of time as the purchase ceiling has been raised to $50,000 this year, and that it is impossible to abolish or raise the price limit until the competitiveness of domestic horses is secured. The Seoul Horse Racing Association also strongly opposed the mountain horse integration race, saying that the competitiveness of domestic horses was revealed as the first and second-class mountain integration races, which have been implemented since this year, showed poor performance as feared.
Sunday, March 01 2026 - 01:45 AM
Comments:
International open races open to foreign countries are scheduled to include Ttukseombae, TJK Trophy, and KRA Cup Classics. The existing best mare series is expected to proceed the same as this year, but the 3-year-old series is known to be in flux. This is because the livestock development fund, which is the source of the 3-year-old series, is gradually decreasing. The Korean Horse Association is also considering reducing the number of incentives, but the Ministry of Agriculture, Forestry and Fisheries is concerned that the amount may be further lowered if the number of horses to be targeted is reduced based on two male and female horses. According to the Korean Horse Association, which is planning to implement horse racing in 2016, the Korea Cup will be newly established in September next year to invite foreign racehorses to Korea in accordance with the steps of internationalization.
Sunday, March 01 2026 - 01:41 AM
Comments:
Japan, Singapore, and Dubai, where the two countries have concluded quarantine inspections, are taking for granted as Korean racehorses have also run away races. The Korean Racing Authority is also considering inviting Hong Kong, the U.S., and European countries. To that end, an international racing task force team will be formed to push for the successful hosting of the Korea Cup. However, it is expected to be a major variable as it is difficult for the Korean government to conclude the quarantine inspection quickly in order for racehorses from countries that have not yet signed a quarantine inspection between countries to participate. Officials from the Korea Racing Authority diagnosed that the prize money should be more than 400 million won (468,400 U.S. dollars), but they expect a significant number of foreign racehorses to participate in the Korea Cup, which will cost more than 700 million won (468,400 dollars).
Sunday, March 01 2026 - 01:14 AM
Comments:
Japan, Singapore, and Dubai, where the two countries have concluded quarantine inspections, are taking for granted as Korean racehorses have also run away races. The Korean Racing Authority is also considering inviting Hong Kong, the U.S., and European countries. To that end, an international racing task force team will be formed to push for the successful hosting of the Korea Cup. However, it is expected to be a major variable as it is difficult for the Korean government to conclude the quarantine inspection quickly in order for racehorses from countries that have not yet signed a quarantine inspection between countries to participate. Officials from the Korea Racing Authority diagnosed that the prize money should be more than 400 million won (468,400 U.S. dollars), but they expect a significant number of foreign racehorses to participate in the Korea Cup, which will cost more than 700 million won (468,400 dollars).
Sunday, March 01 2026 - 01:10 AM
Comments:
Chairman Hyun Myung-kwan said at the general meeting of the management strategy meeting, "I would like to thank all employees once again for their hard work at the end of 2015," adding, "In 2016, we will promote management innovation with customer satisfaction as the top priority, and we will make sure to create tangible results by teaching on the other hand, not only this year's performance but also the somewhat sluggish areas in the business promotion." Meanwhile, employees of the Ma Association and related organizations who attended the management strategy meeting said, "The overall evaluation seems to have improved as the management strategy meeting where everyone attends has been repeated. It seems that there is a sense of responsibility that everyone participates in management together, not the Ma Association, which is driven by some management.
Sunday, March 01 2026 - 01:05 AM
Comments:
Perovich is an experienced jockey who debuted in 1997 and had 17 years of experience in Britain, Germany, France, Austria, Australia, Japan, and Italy before coming to Korea, and is a veteran jockey who has won a total of 827 wins in nine countries, including 335 wins in Italy. Park Sang-woo, the jockey, showed adaptability by scoring one prize in his return match for the first time in more than two years after serving in the military, while Belli, a newly nesting jockey in Let's Run Park Seoul, made his debut in fans through three wins. Marcello Belli, an Italian national, was born in 1972 and played at the Capanele racetrack in Rome, Italy, where he won 51 games and finished second 68 times in 551 games. The contract will be completed by November 30, 2016, and will be active on the Korean stage.
Saturday, February 28 2026 - 11:21 AM
Comments:
The first week of September 2016 is a week that has seen many changes, including abundant records and debuts in the jockey category. In addition to the 700 wins achieved by the jockey Cho Sung-gon, who transferred from Pukyong to Seoul, the performance of the special mercenary Perovich jockey who returned, the debut of a new foreign jockey, Belly jockey Park Sang-woo, and his first appearance to fans after his discharge from the military. The jockey Cho Sung-gon, who recorded 100 wins in his first season in Pukyong, has reached the 700th victory mark in his personal career. The fighter's record was achieved smoothly. The jockey Cho Sung-gon, who recorded 697 wins on Aug.
Saturday, February 28 2026 - 11:16 AM
Comments:
Before being designated as Meister High School, I communicated with the community through visiting horseback riding classes. I tried to run a wagon for the elderly living alone, but I am having a hard time because there is no proper maro. We need to build a public horserace to provide welfare benefits to local residents and to serve the community through horses. I always say this to my teachers. It is a sin to not be able to produce a good workforce even with such great support." I am proud that I have taught students with the heart of teaching and sending my children and have already played a leading role by producing a differentiated workforce. I worked hard in cooperation with teachers and students. There are still eight years left until the retirement of the teaching profession,
Saturday, February 28 2026 - 11:10 AM
Comments:
Northern Farm is so interested in our students that it invested 1 billion won (982 million dollars) separately to build and invite them to the training center. The U.S. has a horse-riding program at the peak of private education. Since it is not only possible to stay in Korea, students with challenges are also actively seeking jobs and having good experiences there. We are also preparing to provide financial support for globalization with our own budget. When I went to a hose park in Japan, I saw elderly people in horse carriages.The horse industry needs to be expanded into a silver business. I hope that Seoul or each local government can help with horse-riding or horse-riding tourism. It is also necessary for local residents to develop cultural access to horse-riding
Saturday, February 28 2026 - 11:08 AM