horseracing Archives | Be Korea-savvy
Government Earned 62.5 Trillion Won through Gambling Industry

Government Earned 62.5 Trillion Won through Gambling Industry

SEOUL, April 12 (Korea Bizwire) – The government earned 62.5 trillion won (US$54.56 billion) from the gambling industry over the past 15 years, about half of it through taxes, data showed Wednesday.  The Korea Taxpayers Association analyzed records from the National Gambling Control Commission and found that the government collected approximately 31.55 trillion won in [...]

Korea’s Horseracing Industry Attracting Foreign Participants

Korea’s Horseracing Industry Attracting Foreign Participants

SEOUL, April 22 (Korea Bizwire) – With the participation of Japan’s largest horseracing company, the Korean horseracing industry is rapidly being globalized, as the number of foreign racehorse owners in Korea is increasing. On April 21, Yoshida Sunsuke from Northern Farm, which operates under the Shadai Group, Japan’s largest horseracing company, bought two Korean racehorses and [...]