Guestbook

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In particular, when the Lottery Commission was transferred from under the Prime Minister’s Office to the Ministry of Strategy and Finance in 2008, the lottery and Toto business, with a pure profit margin reaching 40%, inevitably became a lucrative venture for expanding tax revenue, so despite being repeatedly rejected, it continues to request an annual increase in the total lottery issuance sales quota and does not adhere to the sales quota limit, thereby emphasizing the unnecessary nature of the sales quota.In particular, last year the Ministry of Culture and Tourism and the Ministry of Strategy and Finance attempted a major deal with the Gambling Control Commission, aiming to transfer the total volume of lotteries and Toto to the relevant ministries over the proposed amendment to the Gambling Control Commission Act, but the effort ended after intense media backlash, with the matter concluding on the basis that exception clauses could be established.

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Illegal private horse racing has been rapidly spreading through the internet since 2005, and research has shown that the market size for illegal private horse racing reached a record high of 22.37 trillion won in 2009, then showed an upward trend again to 8.7 trillion won in 2010 and 9.77 trillion won in 2011.Dr. Park Kyung-rae also argued that the current contraction in the horse racing market is due to the fact that it operates only offline, so ignoring the introduction of a real-time horse racing system using the internet or mobile devices makes it difficult to expect any further influx of new customers, and he argued that regulatory policies for the horse racing industry need to be reconsidered from the ground up.

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In particular, it was argued that, in addition to lowering the leisure tax rate on betting tickets by at least 2%, a leisure tax should be imposed fairly on other gambling industries as well, and that the leisure tax on over-the-counter betting outlets should be shifted from provincial to city, county, and district levels to ensure their smooth establishment and stable operation, thereby improving the balance between costs and benefits for local governments and improving the environment around over-the-counter betting outlets. The rampant spread of illegal private horse racing, amounting to about 10 trillion won, is caused by the low refund rate of legal horse racing, and if the policy goal of total volume regulation is to curb the excessive gambling nature of horse racing, it should focus on reducing the scale of illegal horse racing, which is operated more as a private activity than as a leisure activity and is far larger in scale than legal horse racing.

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In particular, when the Lottery Commission was transferred from under the Prime Minister’s Office to the Ministry of Strategy and Finance in 2008, the lottery and Toto business, with a pure profit margin reaching 40%, inevitably became a lucrative venture for expanding tax revenue, so despite being repeatedly rejected, it continues to request an annual increase in the total lottery issuance sales quota and does not adhere to the sales quota limit, thereby emphasizing the unnecessary nature of the sales quota.In particular, last year the Ministry of Culture and Tourism and the Ministry of Strategy and Finance attempted a major deal with the Gambling Control Commission, aiming to transfer the total volume of lotteries and Toto to the relevant ministries over the proposed amendment to the Gambling Control Commission Act, but the effort ended after intense media backlash, with the matter concluding on the basis that exception clauses could be established.

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He also argued that it is now time to consider modernizing the gambling industry for the welfare of the people, and insisted that the distorted, one-sided view of the gambling industry must be corrected.In a presentation on the topic “The Current State of Illegal Private Horse Racing and Measures to Eradicate It,” Dr. Park Kyung-rae of the Criminal Policy Research Institute outlined the current state and problems of illegal private horse racing and proposed measures to eradicate it. As the horse racing industry has recently been emphasized for its industrial character as a high value-added horse industry and for its financial nature toward the national and local governments, it contains various positive functional elements as a comprehensive industry, but illegal private horse racing has damaged the positive functions of horse racing and, furthermore, undermined the legal order within society as a crime.

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It also highlighted the need to amend the Korea Racing Authority Act to establish a legal basis for overcoming the management crisis, including the decline in horse racing revenue, and to fulfill its role as the dedicated institution for the horse industry. The revisions include expanding the scope of the project, establishing grounds for online betting to comply with the full real-name system and purchase limits, and strengthening penalties for misconduct in horse racing.Meanwhile, to enhance the horse industry’s role in fostering growth, it was proposed to shift the policy direction from being regulation-focused to promoting sound development, and to pursue regulatory easing at the level of competitive industries so that the competitiveness of horse racing can be strengthened as a foundation for the horse industry’s growth.

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The Ministry of Economy and Finance’s Lottery Commission argued that, in the case of the Lotto lottery, the prevalence is low, and unlike other gambling industries, it is impossible for the supplier—that is, the government—to adjust sales. At the same time, because it is demand-dependent, there is a separate special provision in the National Finance Act, and the commission argued that the commission’s total sales volume regulation conflicts with the law. Therefore, they requested the commission to recognize an exception to the total sales volume system that reflects the characteristics of lotteries.However, the Gambling Supervisory Commission rejected it, saying that this year’s sales limit for lotteries is 3.3135 trillion won, which is actually 25.6 billion won more than the Ministry of Strategy and Finance’s planned sales volume of 3.2879 trillion won for this year, so there was no need to apply the exception to the Lottery Commission’s total sales cap.

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Along with this, the government declared an all-out war against illegal gambling and urged everyone to make every effort to eradicate it.He advised that, for the development of the horse industry, it is necessary to establish a systematic and comprehensive development plan, address the low public interest and weak infrastructure related to horses, secure sufficient funding, and ease regulations on the horse racing industry. They also argued that for the Horse Industry Promotion Act to be effective, it is absolutely necessary to remove and ease regulations on the horse racing industry, and to abolish regulations on off-track betting centers and online betting systems. It was also suggested that places where sports toto or lotteries are sold should also be able to sell betting tickets. It was also stated that establishing a new legal framework that unifies the Horse Industry Promotion Act and the Korea Racing Authority Act is necessary.

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Preliminary registration horses will be published on the website immediately after the preliminary registration period ends, and will also be featured in the Saturday-Sunday edition of “Today’s Race” the week after preliminary registration takes place.The Ministry of Strategy and Finance’s Lottery Commission, which seeks to abolish the total lottery sales cap, and the Integrated Supervisory Committee on Gambling under the Prime Minister’s Office, which rejects it, are clashing head-on over the total lottery sales volume cap.While the Lottery Commission is seeking an exception to the sales limit for lotteries, which it says is ineffective, the Gambling Supervision Commission argues that since the sales plan submitted by the Lottery Commission this year is smaller than the sales limit set by the Gambling Supervision Commission, there is no need to apply an exception to the sales limit.

TEST008

He also argued that it is now time to consider modernizing the gambling industry for the welfare of the people, and insisted that the distorted, one-sided view of the gambling industry must be corrected.In a presentation on the topic “The Current State of Illegal Private Horse Racing and Measures to Eradicate It,” Dr. Park Kyung-rae of the Criminal Policy Research Institute outlined the current state and problems of illegal private horse racing and proposed measures to eradicate it. As the horse racing industry has recently been emphasized for its industrial character as a high value-added horse industry and for its financial nature toward the national and local governments, it contains various positive functional elements as a comprehensive industry, but illegal private horse racing has damaged the positive functions of horse racing and, furthermore, undermined the legal order within society as a crime.

TEST008

In particular, when the Lottery Commission was transferred from under the Prime Minister’s Office to the Ministry of Strategy and Finance in 2008, the lottery and Toto business, with a pure profit margin reaching 40%, inevitably became a lucrative venture for expanding tax revenue, so despite being repeatedly rejected, it continues to request an annual increase in the total lottery issuance sales quota and does not adhere to the sales quota limit, thereby emphasizing the unnecessary nature of the sales quota.In particular, last year the Ministry of Culture and Tourism and the Ministry of Strategy and Finance attempted a major deal with the Gambling Control Commission, aiming to transfer the total volume of lotteries and Toto to the relevant ministries over the proposed amendment to the Gambling Control Commission Act, but the effort ended after intense media backlash, with the matter concluding on the basis that exception clauses could be established.

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Online betting was abruptly abolished in 2009 due to a lack of legal grounds. Therefore, as long as there is only a legal basis, there would be no obstacle to resuming online betting.Although countless horse racing fans and industry insiders had strongly called for the resumption of online betting, the Korea Racing Authority had been unable to establish a legal basis for it due to the Racing Authority’s tightened regulations and negative perceptions.The abolition of online betting, which goes against the times, has, in turn, caused inconvenience to horse racing fans, worsened the viewing environment, and led to a lack of service. Although it may be somewhat late, the revival of online betting must be restored in order to legitimize the underground economy and help the horse racing industry overcome its crisis.

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On Tuesday the 16th, the Korea Racing Authority, in its report on the status of major tasks to the Agriculture, Forestry, Livestock, Food, and Maritime Affairs Committee of the 315th Extraordinary Session of the National Assembly, presented the major achievements of 2012, an analysis of the business environment and directions for response, key projects to be pursued in 2013, and urgent issues and policy recommendations.The Korea Racing Authority proposed that, as illegal horse racing continues to rise, causing severe damage such as massive tax revenue outflow and gambling addiction, a major government crackdown is needed to legitimize the underground economy and minimize the social losses caused by gambling.

TEST008

In particular, when the Lottery Commission was transferred from under the Prime Minister’s Office to the Ministry of Strategy and Finance in 2008, the lottery and Toto business, with a pure profit margin reaching 40%, inevitably became a lucrative venture for expanding tax revenue, so despite being repeatedly rejected, it continues to request an annual increase in the total lottery issuance sales quota and does not adhere to the sales quota limit, thereby emphasizing the unnecessary nature of the sales quota.In particular, last year the Ministry of Culture and Tourism and the Ministry of Strategy and Finance attempted a major deal with the Gambling Control Commission, aiming to transfer the total volume of lotteries and Toto to the relevant ministries over the proposed amendment to the Gambling Control Commission Act, but the effort ended after intense media backlash, with the matter concluding on the basis that exception clauses could be established.

TEST008

On Tuesday the 16th, the Korea Racing Authority, in its report on the status of major tasks to the Agriculture, Forestry, Livestock, Food, and Maritime Affairs Committee of the 315th Extraordinary Session of the National Assembly, presented the major achievements of 2012, an analysis of the business environment and directions for response, key projects to be pursued in 2013, and urgent issues and policy recommendations.The Korea Racing Authority proposed that, as illegal horse racing continues to rise, causing severe damage such as massive tax revenue outflow and gambling addiction, a major government crackdown is needed to legitimize the underground economy and minimize the social losses caused by gambling.

TEST008

Preliminary registration horses will be published on the website immediately after the preliminary registration period ends, and will also be featured in the Saturday-Sunday edition of “Today’s Race” the week after preliminary registration takes place.The Ministry of Strategy and Finance’s Lottery Commission, which seeks to abolish the total lottery sales cap, and the Integrated Supervisory Committee on Gambling under the Prime Minister’s Office, which rejects it, are clashing head-on over the total lottery sales volume cap.While the Lottery Commission is seeking an exception to the sales limit for lotteries, which it says is ineffective, the Gambling Supervision Commission argues that since the sales plan submitted by the Lottery Commission this year is smaller than the sales limit set by the Gambling Supervision Commission, there is no need to apply an exception to the sales limit.

TEST008

Preliminary registration horses will be published on the website immediately after the preliminary registration period ends, and will also be featured in the Saturday-Sunday edition of “Today’s Race” the week after preliminary registration takes place.The Ministry of Strategy and Finance’s Lottery Commission, which seeks to abolish the total lottery sales cap, and the Integrated Supervisory Committee on Gambling under the Prime Minister’s Office, which rejects it, are clashing head-on over the total lottery sales volume cap.While the Lottery Commission is seeking an exception to the sales limit for lotteries, which it says is ineffective, the Gambling Supervision Commission argues that since the sales plan submitted by the Lottery Commission this year is smaller than the sales limit set by the Gambling Supervision Commission, there is no need to apply an exception to the sales limit.

TEST008

In particular, when the Lottery Commission was transferred from under the Prime Minister’s Office to the Ministry of Strategy and Finance in 2008, the lottery and Toto business, with a pure profit margin reaching 40%, inevitably became a lucrative venture for expanding tax revenue, so despite being repeatedly rejected, it continues to request an annual increase in the total lottery issuance sales quota and does not adhere to the sales quota limit, thereby emphasizing the unnecessary nature of the sales quota.In particular, last year the Ministry of Culture and Tourism and the Ministry of Strategy and Finance attempted a major deal with the Gambling Control Commission, aiming to transfer the total volume of lotteries and Toto to the relevant ministries over the proposed amendment to the Gambling Control Commission Act, but the effort ended after intense media backlash, with the matter concluding on the basis that exception clauses could be established.

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First of all, above all, I studied the bloodline of horses extensively, and I also changed the way I selected horses. I’ve thoroughly researched which high-quality bloodlines of horses are available at domestic farms, and at least consult 2 to 3 trainers to use their advice when purchasing horses. In the past, I often bought horses based only on one trainer’s opinion, but this time I bought horses that were recommended repeatedly by several trainers, and the results seemed good as well. It’s essentially their own know-how, gained after paying high exam fees for two to three years.

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My wife was an equestrian athlete for several years when she was a student. After driving very hard for several years, when I drove a D-Class, my wife drove an S-Class. I am not currently active as a player. My daughter is a senior in high school and is training as a dressage athlete at the Valios Equestrian Club.It really was for a very short period. There were a few at the dressage-specialized riding stable, and even showjumpers need to learn basic dressage. However, it is not a stock I personally like.In fact, judging which words are good and which players are good doesn’t require an expert-level eye.

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Of course, there was also a "shade." The decision to close the Yongsan Cultural Sympathy Center drew concerns from the horse industry, and the consecutive suicides of caretakers and senior staff were bewildering because they were not directly related. Recently, opposition from related organizations has begun over the operation of a consultative body for the direct employment of horse caretakers.At this year’s audit, when asked, “Do you intend to serve the full three-year term?” he replied, “If my term is guaranteed, I will do my best within my term.

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During the week, we immediately visited Japan and Dubai to tour advanced horse industry sites and the Dubai World Cup.Efforts to improve the image of the horse industry and diversify public relations also bore fruit. He reopened communication with the previously disconnected press corps covering specialized publications, completely revamped the website, and even served as an ambassador for the horse industry by directly contributing horse-related columns to local media. Recently, they also launched their own news platform.

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Lee Yang-ho, from Gumi, North Gyeongsang Province, was inaugurated as the 35th president of the Korea Racing Authority on December 19 last year. After entering public service through the 26th Administrative Examination, he held key positions across the Ministry of Agriculture and Forestry, including Director of Planning and Coordination, and served as the 25th head of the Rural Development Administration.After taking on the role of chairman of the Korea Racing Authority, the head of the horse industry,

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Both the trainer and the horse caretaker may have complaints, but I hope they make an effort to compromise with each other and work step by step over time to improve things.Rooju Young, who wants to be remembered as a model example of a manager, hopes that something good will happen next year, his sixth year since debut. When they first came face to face, for the first five years they were in the position of learning rather than making a profit. During the two to three years when he, as he said, didn’t know much about horses,

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Also, the bosses probably have complaints too. I think it would also be necessary for the implementing agency to actively take these points into account, review them, and provide feedback.Every time people ask, I say I have never seen a loss in a single year. I actually think that too. If I have still held 5 billion assets after investing 5 billion, then I have not yet suffered a loss. And wouldn’t it help the development of Korean horse racing, even if only a little, if there were people like me. I also enjoy horse racing and like it.