JEJU, Jan. 17 (Korea Bizwire) — In an ambitious move, Jeju Island has announced a comprehensive five-year plan to revitalize its equine sector, committing an investment of 55 billion won. This initiative aims to enhance the breeding of Jeju horses, improve the performance of racehorses, expand equestrian experiences, and strengthen horse racing events. Moon Gyeong-sam, head of [...]
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 [...]
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 [...]
SEOUL, Dec. 12 (Korea Bizwire) – Korean horseracing will be telecast live in France and major European countries, according to the Korea Racing Authority (KRA). The KRA has signed a deal with France Galop, the French counterpart to telecast GI races being held in Seoul. GI Seoul will be shown live in France and other [...]