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Just as every society has its light and its darkness, countless farms have enthusiastically entered the field of domestic racehorse production over the past 30 years only to go bankrupt or close down. There is an urgent need to introduce a closure support fund system for racehorse producers equivalent to that of FTAs, so that producers facing a critical situation can seek new ways to sustain their livelihoods; this is a necessary system not only for racehorse producers but also for riding horse producers, most of whom are experiencing severe management crises.
Thursday, September 24 2026 - 08:38 AM
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However, as the effect of sales growth remained inconclusive despite the Korea Racing Authority's efforts, they ended up expanding the number of broadcast races to compensate for the revenue shortfall of Jeju Race Park.Since everything regarding horses is fully entrusted to the trainer, the owner only has the business and doesn’t seem to have any special responsibilities. What I have felt through our encounters so far is that there is clearly potential for growth from a business perspective, and I sense that it embodies all aspects of life—fulfillment, joy, and hardship. However, the reality in our country is that people still associate mazoo with horse racing, so it is difficult to mention the word to acquaintances.
Thursday, September 24 2026 - 08:34 AM
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Despite the severe slump in sales and internal issues at LetsRun Park Busan-Gyeongnam, the inland domestic horse auction held on May 29 seems to have avoided the worst-case scenario thanks to the generous interest of everyone involved, including the public, association executives, and trainers, and we extend our heartfelt gratitude to all who participated.As producers, we are greatly encouraged and have high expectations regarding the newly appointed chairman of the Korea Racing Authority’s strong emphasis on fostering the horse industry.
Thursday, September 24 2026 - 08:34 AM
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First, while the purchase price of horses rises rapidly each year, the increase in the owner's prize money is relatively small compared to the purchase price. Purchasing a good horse costs a great deal, and under the current prize system, it takes a long time to receive compensation; moreover, if an injury occurs along the way, it becomes difficult to get paid. A change to the prize system is needed. Second, if you purchase an expensive horse through an auction, the producer provides insurance for one year. Then the government provides subsidies to reduce the burden, but if the mother-in-law gets insurance after one year, the government’s support ends, and the premiums go up.
Thursday, September 24 2026 - 08:32 AM
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Complex, where racehorse producers will build international competitiveness and, through exemplary collaboration, secure a foothold for the production of high-quality domestic racehorses and ensure sustainable growth; it must be developed as a successful model case.If possible, we plan to lead the development of both the first and second halves of the year. The Korea Racing Authority is investing a substantial budget to build the LetsRun Farm’s Longevity Hill and indoor circuit,
Thursday, September 24 2026 - 08:31 AM
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My criterion for choosing a teaching assistant is to choose one who works hard. I believe that the only way to succeed in all matters of horse excavation, development, and ability improvement is through effort. When I first chose Team 4, I did so at the recommendation of those around me, but the results were very satisfying. As the number of horses gradually increased, I thought I needed a partner to compete with, so I considered 19 horses, and I waited a long time to bring in a horse for 19. I’m happy that we are currently delivering results that satisfy both the 4th and 19th groups.
Thursday, September 24 2026 - 08:29 AM
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Noting that the public interest function of agriculture had not yet been enshrined in the Constitution, he stated that the tasks of establishing the foundation for national agriculture and formulating and developing a new policy philosophy would be assigned, adding, “I ask everyone to unite their efforts for the stable development of our agriculture and the resolution of issues facing farmers and rural areas, and I will devote myself wholeheartedly to fulfilling my duties.”New CEO Jung Myung-chae previously served as a member
Thursday, September 24 2026 - 08:22 AM
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I'm also looking forward to this horse, but it seems to be growing a bit slowly. We also expect this horse to be promoted to the first division by next year.He is satisfied with the results, having recorded 20 wins from August last year to July this year. I believe these results were the outcome of the trust I built with the trainer. Since we believe the initial investment phase is over, we plan to focus on qualitative investment rather than quantitative in the future.I think Lim Geum-man is a great workaholic. Closely lives with the horse. He is a trainer whose love and passion for the horse are palpable.
Thursday, September 24 2026 - 08:19 AM
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CEO Lee Dong hyun, who majored in microbiology, has focused on pesticide-free, eco-friendly, and organic rice production, and in recognition of his contributions, received the Daesan Rural Culture Award the highest civilian honor in Korea’s agricultural sector—in 2016, greatly contributing to the development of agriculture and rural areas in South Korea.To provide healthy meals and proper food, they collaborated with the Rural Development Administration, Chonnam National University, and Bundang Jesaeng Hospital to conduct research
Thursday, September 24 2026 - 08:18 AM
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Also, since one cannot meet someone without being introduced, I believe that the act of meeting requires passion. Once I make a choice, I never regret it. I think it's all my fault, whether things go well or not. That is why I believe the benefits outweigh the losses when we face each other. One of the joys is that we share the joy of victory, comfort each other, and encourage one another when results are not favorable, fostering harmony within the family.It seems there was nothing majorly disappointing. However, it is unfortunate when a favorite cannot win because another horse is competing in the same race, or when a horse is injured during training or racing.
Thursday, September 24 2026 - 08:16 AM
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Since its establishment in 2005, Lee Dong-hyun, CEO of Misillan Agricultural Corporation, has been conducting research on eco-friendly rice varieties and developing processed products based on the philosophy that "a healthy meal is medicine."CEO Lee Dong-hyun produces high-quality, eco-friendly rice based on his experience in researching and developing more than 900 domestic rice varieties. For quality control, raw materials are supplied through 10% self-cultivation and 80% contract farming
Thursday, September 24 2026 - 08:15 AM
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The court's ruling to grant the injunction is being regarded as a matter of course. Since the court notified both the Korea Racing Authority and the opposing party in July to resolve the issue through mutual consultation and issued a recommendation for settlement, the Korea Racing Authority agreed to it, but because the opposing party insisted on the closure and filed an objection, the process naturally proceeded to the point of having the injunction granted.A Korea Racing Authority official said, "As the most credible judicial institution in a country governed by the rule of law, the judiciary has made a reasonable decision," adding, "We will do our best to ensure the pilot program is implemented as planned to promptly resolve the deepened conflict following the court's final ruling."
Thursday, September 24 2026 - 08:14 AM
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They stated that the one task they see as important is to persuade and fight the National Assembly and the government to raise the domestic horse racing refund rate from 73%, which they say is the worst in the world, to at least the Japanese level of 80%.Representative Kim Byung hong said,If the horse racing refund rate is raised, the issues raised by the union can be addressed,adding,Leave the union’s matters to the union,and I hope the KCTU will actively engage in the struggle to increase the refund rate.
Thursday, September 24 2026 - 08:12 AM
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While serving as vice president of the Korea Rural Economic Institute, he participated in a forum on improving the horse racing tax system for the development of the agriculture and livestock industries, and served as an advisor to the Korea Rural Horse Industry Association. When CEO Jung earned his Ph.D. in agricultural economics in Germany in the 1980s, he was introduced to the horse industry; in a 2016 interview with the Horse Industry Journal, he emphasized the establishment of item-specific cooperatives,
Thursday, September 24 2026 - 08:08 AM
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First, they sponsored me through the Steven Equestrian Club, and after hearing my situation, they also helped me through K-Toto. Ges Korea provided in-kind sponsorship to make it easier for me to work out.In Europe, the horse industry plays such an industrial role that there is a saying, “cash circulates because of horses.” There is a cycle, such as producing and training young horses to sell, or buying them when they are young and raising them into fine horses for resale.
Thursday, September 24 2026 - 08:05 AM
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Looking at the horses competing in Korea, it is clear that not much has changed from the past. Still, when the domestic equestrian scene was doing well, we would buy horses in Europe and bring in quality ones. However, the horse that ran in the 2014 Asian Games is still running without being rotated. I think that if companies and others provide support, the conversation will circulate and a better equestrian environment and culture will be created.Of course. It's an important point: if the association is not operating normally,
Thursday, September 24 2026 - 08:02 AM
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I believe that to elevate the status of the Maju, it must be led by those who want to engage with it and who are passionate about it. I think the qualifications for becoming a manager should be relaxed, at least for those who are passionate about it. I also hope that the association will unite so that both the association and the implementing bodies can create a situation that produces positive outcomes.Although his early-year results were poor, he did not recklessly select horses just to improve his performance. I believed that if I put in the effort, the horses would eventually run, so I put them first, followed the running schedule, and waited—perhaps that was the reason they remained healthy and performed well.
Thursday, September 24 2026 - 08:00 AM
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It is a 'dongteja'. The Moma of 'Dongteuja' is 'Maremaid,' who produced the last of the 'Dongteuja' and has since passed away. Therefore, they hope that Dongteja will carry on the Moma lineage. To that end, I hope he goes out on the Queens Tour and achieves good results to earn the title of a Seawal. Since it is a point spread bet, the downside is the limited range of choices for horse racing events or special races.It is the 'King of Fate." Currently, he is managed by trainer Kim Nam-jung, who has a 100 million won contract, and I have high hopes; I think he will be eligible to compete in major races by next year. Also, "President"
Thursday, September 24 2026 - 07:58 AM
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Moving forward, the Ministry will continue to support and nurture outstanding rural convergence industry businesses that contribute to regional economic revitalization by leveraging agricultural and rural resources."In June, the Ministry of Agriculture, Food and Rural Affairs selected Kim Jong-su, CEO of the agricultural corporation Donbak Co., Ltd., as a Rural Convergence Industry Person of the Year. Amid the threat of low-priced Chinese lotus root, CEO Kim is contributing to the revitalization of the local economy by developing processing technology that maintains high quality,
Thursday, September 24 2026 - 07:58 AM
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Since 2015, the agricultural corporation Donbak Co., Ltd. has been hosting the '20-ri Along the Lotus Path Festival' every July as a signature event featuring lotus flowers and lotus roots. This event features a variety of programs, including lotus root cultivation experiences, a photography contest, and a lotus flower concert, creating a synergy effect that raises awareness of lotus root products and encourages consumption.The 20-ri trail along the Lotus Path is adjacent to the Miryang Theater Village, an experience center, and a lotus garden,
Thursday, September 24 2026 - 07:56 AM
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I'm also looking forward to this horse, but it seems to be growing a bit slowly. We also expect this horse to be promoted to the first division by next year.He is satisfied with the results, having recorded 20 wins from August last year to July this year. I believe these results were the outcome of the trust I built with the trainer. Since we believe the initial investment phase is over, we plan to focus on qualitative investment rather than quantitative in the future.I think Lim Geum-man is a great workaholic. Closely lives with the horse. He is a trainer whose love and passion for the horse are palpable.
Thursday, September 24 2026 - 07:56 AM
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CEO Kim Jong-su introduced high-quality processed lotus root products that differentiate them from existing ones, and in particular, the 'steamed frozen lotus root' has received great consumer response for being free of additives and easy to prepare. Donbak Co., Ltd.'s processed products have been sold both online and offline, and expanded into overseas markets such as China and Japan; in recognition of these achievements, it was designated as a 'specialized agricultural and food processing exporter' by Gyeongsangnam-do in 2016.
Thursday, September 24 2026 - 07:53 AM
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Even after more than 20 years in the horse auction market, the recent sharp decline in the success rate and average winning bid price has brought racehorse breeding farms to their greatest crisis, so we hope for a firm breakthrough through improvements to the racing system suited to Korean horse racing and the establishment of long-term policies.While each related organization, including the horse racing implementing bodies, will face its own challenges, I hope that by coming together with a spirit of mutual cooperation,
Thursday, September 24 2026 - 07:49 AM
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Despite difficult circumstances, which has strived to realize the goals of advancing the horse industry and fostering a culture of progressive horse racing, has reached its 20th anniversary,is celebrating its 5th anniversary.On behalf of all members,congratulations.I am grateful that the efforts made so far have enabled the parallel development of the horse industry, including horse racing and equestrian activities, and that led to the enactment of the Horse Industry Promotion Act,
Thursday, September 24 2026 - 07:46 AM
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Industrial growth and funding through horse racing are the driving forces behind the development of the horse industry; if its very essence is shaken, the horse industry loses its roots. To address the internal and external crises facing Korean horse racing, the first priority must be establishing a clear identity for the sport, and we must all remember that true change and innovation are only possible through communication and coexistence.In this rapidly changing environment, we hope that 'Racing Media' will fulfill its role as a platform for communication
Thursday, September 24 2026 - 07:43 AM