Comments:
Last year, a roadmap was drawn in the mid- to long-term race resource management plan to strengthen the competitiveness of Jeju horse racing. Words that have not yet been trained, or whose training level has not been evaluated at all, are also brought in as racehorses. It takes about 90 days from starting training here to entering the race. We cannot continue with this system.Gradually, at first, have some of the horses that have completed the start test enter.
Wednesday, October 07 2026 - 06:53 AM
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Second, we created a mid- to long-term roadmap to ensure that the effort does not end with simply producing and distributing manuals. Just as study patterns are shaped by the college entrance system, it is important to set the conditions and direction for entering the company as a racehorse. Although it cannot be implemented immediately, as it will take at least five years to develop the training curriculum, we will begin by signaling how the requirements for entering the racehorse industry will proceed
Wednesday, October 07 2026 - 06:48 AM
Comments:
On December 11, 2013, Mr. Kim Byung-hong filed a petition with the Constitutional Court against the 22% additional taxation on miscellaneous income tax. Mr. Kim said, "When you purchase betting tickets, various taxes are withheld, including a 10% leisure tax, 4% local education tax, and 2% special rural tax. Even though this is already a harsh standard, they are refunding after deducting an additional 22% under Article 21, Paragraph 1, Subparagraph 4 and Article 84, Paragraph 1 of the Income Tax Act for hitting more than 100 times the target. The problem here is that if you win 100.1 times, you will receive only 99.9 times the payout, which is a mere 22% less than the refund amount.
Wednesday, October 07 2026 - 06:47 AM
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As grounds for dismissal, the full bench stated that regarding the violation of the principle of tax equality, "The provision under review grants non-taxable benefits for other income to a certain range of persons, and determining that range falls within the broad discretionary exercise of the legislature. In the case of horse racing, exempting winnings from tax when the payout odds are 100 times or less is a consideration of various factors, including the efficient use of tax administration, the prevention of overtaxation given the special nature of the gambling industry, the mitigation of gambling tendencies through appropriate taxation, and the scale of income tax and national finances; furthermore, the legislature cannot be said to have exceeded its legislative discretion simply because it did not legislate a system that aligns the payout odds with the refund amount in a specific bracket.
Wednesday, October 07 2026 - 06:44 AM
Comments:
Although somewhat late, the revival of online betting appears to be essential for the legalization of the underground economy and for the horse racing industry to escape its crisis.A Ministry of Economy and Finance official in charge of the Ministry of Agriculture and Forestry and its affiliated agencies said regarding the push for the public institution function adjustment, "Only the goals have been set at this point. It is still unclear in what form the adjustments will take. With the decision to proceed with the functional adjustment, the Korea Racing Authority will draft a practical implementation plan through a commissioned study. The basic point is not to reduce the size or role of the Korea Racing Authority.
Wednesday, October 07 2026 - 06:41 AM
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First, they prepared a 'school system' that organizes the production process systematically. Last year, we reviewed good research materials on how to handle production and the development of sullabiesheds, as well as how to manage their early and late stages. There is plenty of information about thoroughbreds, both abroad and in Korea, but not a single one about the Jeju horse. The standards related to 'Thoroughbred' could not be applied to Jeju horses.
Wednesday, October 07 2026 - 06:33 AM
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Employees working at LetsRun Park Jeju had also been considering this issue, but there were limitations due to internal circumstances. Because there were various conflicts as Hallama and Jeju-ma ran together, there was no capacity to devote energy to systematic training.With the signing of the late-February 2016 industry development agreement, the obstacles to establishing a Jeju horse racing track were removed. We couldn't have carried the Jeju horse race this far.
Wednesday, October 07 2026 - 06:31 AM
Comments:
Although somewhat late, the revival of online betting appears to be essential for the legalization of the underground economy and for the horse racing industry to escape its crisis.A Ministry of Economy and Finance official in charge of the Ministry of Agriculture and Forestry and its affiliated agencies said regarding the push for the public institution function adjustment, "Only the goals have been set at this point. It is still unclear in what form the adjustments will take. With the decision to proceed with the functional adjustment, the Korea Racing Authority will draft a practical implementation plan through a commissioned study. The basic point is not to reduce the size or role of the Korea Racing Authority.
Wednesday, October 07 2026 - 06:29 AM
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Unlike thoroughbred horses, whose production, training, and development are systematized, these horses are being entered into racing at an unspecified age. Because they enter without proper training, their expertise is lacking, and many accidents occur. The horses are also running worse. His abilities are good, but there are also significant disparities. Overall, the quality of the race is lacking. Jeju horse racing is broadcast in Seoul and Busan, but there were complaints from customers saying,
Wednesday, October 07 2026 - 06:27 AM
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In the case of Thoroughbreds, the Korea Racing Authority has invested a large sum of money in producing and training them even before they become racehorses. They put a lot of effort into the pre-race stage by establishing a jangsu and a Jeju ranch and managing personnel.In contrast, there was no such effort at all for Jeju horses. The general public’s perception of Jeju horses, and even that of Korea Racing Authority employees, is that "Jeju horses just need to be let off the horse and run.
Wednesday, October 07 2026 - 06:21 AM
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Since 2014, Deputy Director Kim Jin-gap has been in charge of managing Jeju’s racing resources at LetsRun Park Jeju, and over the course of that long period, he has continued tireless efforts as a dedicated practitioner, developing relevant policies and manuals, persuading farms, and leading training. On May 7, we met with Kim Jin-gap, head of race resource management at LetsRun Park Jeju, on site to hear about the progress, including the systematic breeding process of race Jeju horses.
Wednesday, October 07 2026 - 06:16 AM
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Jeon Seong-won, current Head of the Win-Win Marketing Division and former Head of the Jeju Regional Headquarters at the time the agreement for the mutual development of the horse industry was passed, and Kim Jin-gap, Head of Jeju’s Racing Resources Management Division, have continued to engage with farmers with a sense of responsibility on this important issue, tirelessly developing and implementing related policies in the field.At a special zone meeting held in Jeju last June,
Wednesday, October 07 2026 - 06:12 AM
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My father,upon meeting,told me to study horses.At the time I was studying Livestock Management and Distribution Economics at Konkuk University,and I thought that to study horses,I should go horseback riding. While horseback riding,I began to connect directly with horses.As I touched and rode the horses,I found myself unexpectedly captivated by their charm.I have always read books and watched videos about horses,and I dreamed of raising one while exploring various educational programs.
Wednesday, October 07 2026 - 06:09 AM
Comments:
Although somewhat late, the revival of online betting appears to be essential for the legalization of the underground economy and for the horse racing industry to escape its crisis.A Ministry of Economy and Finance official in charge of the Ministry of Agriculture and Forestry and its affiliated agencies said regarding the push for the public institution function adjustment, "Only the goals have been set at this point. It is still unclear in what form the adjustments will take. With the decision to proceed with the functional adjustment, the Korea Racing Authority will draft a practical implementation plan through a commissioned study. The basic point is not to reduce the size or role of the Korea Racing Authority.
Wednesday, October 07 2026 - 06:04 AM
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I had dreamed of a life of running and playing with horses, living at ease. However, the reality is that there is much to do beyond horse management, including pasture and facility maintenance and government support, which makes it challenging. At present, I am receiving help from my father and others with extensive experience in the field of horses. One advantage is that, being young, I can work with great passion. I can work for my own words without overthinking things. I still have a lot to learn,
Wednesday, October 07 2026 - 06:04 AM
Comments:
Although somewhat late, the revival of online betting appears to be essential for the legalization of the underground economy and for the horse racing industry to escape its crisis.A Ministry of Economy and Finance official in charge of the Ministry of Agriculture and Forestry and its affiliated agencies said regarding the push for the public institution function adjustment, "Only the goals have been set at this point. It is still unclear in what form the adjustments will take. With the decision to proceed with the functional adjustment, the Korea Racing Authority will draft a practical implementation plan through a commissioned study. The basic point is not to reduce the size or role of the Korea Racing Authority.
Wednesday, October 07 2026 - 06:02 AM
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Horseback riding is now politicized because of a series of events. In a way, the equestrians who have worked quietly until now may be victims of the Choi Soon-sil scandal.I hope Daemyung Group's 'Mayon Eohos'will be a competition that all equestrians and the public can participate in and enjoy. I also ask for your support and encouragement regarding these matters,whether from the government or the sports council.Daimyeong Group,which spares no investment in equestrian sports,is undeniably playing a leading role in the development of equestrianism in Korea.
Wednesday, October 07 2026 - 06:02 AM
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Of course,it's a sport.Horseback riding is an official event in the Olympics.The recent issue surrounding Jung Yoo ra also manifested negatively in political contexts.It is unfortunate that horseback riding is viewed negatively because of that.Some even call it Korea's Olympia Horse Show,but how do you hope the public perceives the Mayon Eohos.Mayon Eohos is continuously evolving,and its future will also play a role in popularizing horseback riding.I am confident about that as well.However,I don't know how long it will take.
Wednesday, October 07 2026 - 05:56 AM
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Therefore, I believe we need to transform the current stranded projects into a virtuous cycle that encompasses the entire market, including the sales market. In particular, the construction of a large dedicated equestrian stadium is considered the most important. There must be an equestrian stadium where long-term competitions can be held, and through those events, the production and sale of domestic horses, feed, tack, and everything else can be promoted and revitalized.
Wednesday, October 07 2026 - 05:53 AM
Comments:
Although somewhat late, the revival of online betting appears to be essential for the legalization of the underground economy and for the horse racing industry to escape its crisis.A Ministry of Economy and Finance official in charge of the Ministry of Agriculture and Forestry and its affiliated agencies said regarding the push for the public institution function adjustment, "Only the goals have been set at this point. It is still unclear in what form the adjustments will take. With the decision to proceed with the functional adjustment, the Korea Racing Authority will draft a practical implementation plan through a commissioned study. The basic point is not to reduce the size or role of the Korea Racing Authority.
Wednesday, October 07 2026 - 05:49 AM
Comments:
On December 11, 2013, Mr. Kim Byung-hong filed a petition with the Constitutional Court against the 22% additional taxation on miscellaneous income tax. Mr. Kim said, "When you purchase betting tickets, various taxes are withheld, including a 10% leisure tax, 4% local education tax, and 2% special rural tax. Even though this is already a harsh standard, they are refunding after deducting an additional 22% under Article 21, Paragraph 1, Subparagraph 4 and Article 84, Paragraph 1 of the Income Tax Act for hitting more than 100 times the target. The problem here is that if you win 100.1 times, you will receive only 99.9 times the payout, which is a mere 22% less than the refund amount.
Wednesday, October 07 2026 - 05:47 AM
Comments:
Although somewhat late, the revival of online betting appears to be essential for the legalization of the underground economy and for the horse racing industry to escape its crisis.A Ministry of Economy and Finance official in charge of the Ministry of Agriculture and Forestry and its affiliated agencies said regarding the push for the public institution function adjustment, "Only the goals have been set at this point. It is still unclear in what form the adjustments will take. With the decision to proceed with the functional adjustment, the Korea Racing Authority will draft a practical implementation plan through a commissioned study. The basic point is not to reduce the size or role of the Korea Racing Authority.
Wednesday, October 07 2026 - 05:44 AM
Comments:
In response, Daemyung has added the auction section.We conducted it differently from previous auctions. However, fundamental measures are necessary for the development of the horse industry.Over the past five years,we have launched a horse industry project as a government initiative. As far as I know,it all began between 2011 and 2012; while the first five years were focused on building 500 equestrian venues and training specialized personnel as part of the initial project,
Wednesday, October 07 2026 - 05:42 AM
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Last year, it was held on the turf track, and this year it took place at the Sonofelice Equestrian Club. It was partly because I wanted to introduce and showcase Sonopellice Equestrian Club to the public, and also because, last year, the practice grounds and other facilities were inadequate, preventing us from providing the horses with the best possible environment. This year, we played in a dedicated arena so the horses could compete in their best condition. Although it lacked the beauty and style of a grass field,
Wednesday, October 07 2026 - 05:39 AM
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However, Daemyung is striving not only to broaden the base of equestrianism but also to stay true to the original spirit of 'Mayon Eohos.' We plan to continue advancing the fusion of sports and culture, unshaken by any external pressures.Kim Hong-chul, former head coach of the national equestrian team, was seen not leaving the venue for the entire three days of the Mayon Eohos/2017 Daemyung Cup CSI3. Before the obstacle race, he showed his passionate dedication to equestrianism by personally explaining the course to the audience.
Wednesday, October 07 2026 - 05:36 AM