Guestbook

test008

In addition, the Korea Racing Authority will use the resources raised by the leisure tax reduction to promote the improvement of Jeju horse racing facilities and the strengthening of functions. The abolition of the purchase ceiling for foreign horses is because the Seoul Horse Racing Association argued that the price limit needs to be verified for a certain period of time as the purchase ceiling has been raised to $50,000 this year, and that it is impossible to abolish or raise the price limit until the competitiveness of domestic horses is secured. The Seoul Horse Racing Association also strongly opposed the mountain horse integration race, saying that the competitiveness of domestic horses was revealed as the first and second-class mountain integration races, which have been implemented since this year, showed poor performance as feared.

test008

More than 600 people, including executives and employees of the Korea Racing Authority and horse racing-related organizations and producers' associations, attended the meeting to share 2015 innovation cases by headquarters, including "Globalization of Horse Racing," "Advanced Marketing," and "Management Innovation," and major 2016 visions such as "Creating a Let's Run Park Seoul Theme Park," "Internationalization of Horse Racing Products," and "Global Marketing." It was the first attempt by the Korea Racing Authority in February this year that allowed all employees to attend the management strategy meeting, which usually only executives attended, and at the suggestion of Chairman Ji Sung-kwan, he invited horse racing officials, customers, and reporters along with all employees in January to hear the vivid voices of all officials, and invited all employees and representatives of partner companies to participate in the management strategy meeting held in February.

test008

As the second business agreement period with Jeju Special Self-Governing Province ended on December 31 this year, the Korea Racing Authority signed the third business agreement at Samda Hall on the second floor of the provincial government on the afternoon of the 16th. Through this third agreement, the Korea Racing Authority will increase the number of relay races in Jeju racetracks from 320 times a year (the second agreement period) to more than 430 times, and Jeju Island will reduce the leisure tax reduction rate by 2 percentage points from 25 percent to 27 percent.Last year, Jeju's revenue from Jeju's relay race amounted to 53.2 billion won (53.2 million U.S. dollars), accounting for 65 percent of Jeju's 81.7 billion won in local taxes, and 63 billion won is expected this year. Jeju expects to increase its revenue by more than 1 billion won due to the expansion of the race.

test008

International open races open to foreign countries are scheduled to include Ttukseombae, TJK Trophy, and KRA Cup Classics. The existing best mare series is expected to proceed the same as this year, but the 3-year-old series is known to be in flux. This is because the livestock development fund, which is the source of the 3-year-old series, is gradually decreasing. The Korean Horse Association is also considering reducing the number of incentives, but the Ministry of Agriculture, Forestry and Fisheries is concerned that the amount may be further lowered if the number of horses to be targeted is reduced based on two male and female horses. According to the Korean Horse Association, which is planning to implement horse racing in 2016, the Korea Cup will be newly established in September next year to invite foreign racehorses to Korea in accordance with the steps of internationalization.

test008

Japan, Singapore, and Dubai, where the two countries have concluded quarantine inspections, are taking for granted as Korean racehorses have also run away races. The Korean Racing Authority is also considering inviting Hong Kong, the U.S., and European countries. To that end, an international racing task force team will be formed to push for the successful hosting of the Korea Cup. However, it is expected to be a major variable as it is difficult for the Korean government to conclude the quarantine inspection quickly in order for racehorses from countries that have not yet signed a quarantine inspection between countries to participate. Officials from the Korea Racing Authority diagnosed that the prize money should be more than 400 million won (468,400 U.S. dollars), but they expect a significant number of foreign racehorses to participate in the Korea Cup, which will cost more than 700 million won (468,400 dollars).

test008

More than 600 people, including executives and employees of the Korea Racing Authority and horse racing-related organizations and producers' associations, attended the meeting to share 2015 innovation cases by headquarters, including "Globalization of Horse Racing," "Advanced Marketing," and "Management Innovation," and major 2016 visions such as "Creating a Let's Run Park Seoul Theme Park," "Internationalization of Horse Racing Products," and "Global Marketing." It was the first attempt by the Korea Racing Authority in February this year that allowed all employees to attend the management strategy meeting, which usually only executives attended, and at the suggestion of Chairman Ji Sung-kwan, he invited horse racing officials, customers, and reporters along with all employees in January to hear the vivid voices of all officials, and invited all employees and representatives of partner companies to participate in the management strategy meeting held in February.

test008

In response, the Seoul Racing Authority opposed the plan, but since foreign horses recruited this year are not actively engaged in due to lack of understanding of Korean horse racing and poor horse racing environment compared to foreign countries, there will be no problem of great concern even if foreign horses are recruited, and they agreed to expand gradually but maintain up to 10% after the opening of Yeongcheon Racecourse.Meanwhile, next year's ranking prize money distribution ratio was agreed to increase from the current 55% to 56%, and to 57% in 2017.

test008

Regarding the introduction of a fixed rate system for horse racing prize money, which has not yet reached a complete agreement, the Seoul Racing Association intends to first realize it and discuss the conversion of the fixed rate system as the current amount of horse racing prize money is set lower than the actual input cost of the opponent, such as not properly reflecting the actual 1,800 heads of race horses and 890 heads of annual introduction. Among the minor changes, the Korea Racing Authority initially proposed to increase three races in 2016, eight in 2017, seven in 2018, and 10 in 2019, but through consultation, it agreed to increase one listed race at the Pukyong Racecourse in 2016, one listed race in Pukyong in 2017 and one grade race in Seoul in 2018.

test008

In addition, the Korea Racing Authority will use the resources raised by the leisure tax reduction to promote the improvement of Jeju horse racing facilities and the strengthening of functions. The abolition of the purchase ceiling for foreign horses is because the Seoul Horse Racing Association argued that the price limit needs to be verified for a certain period of time as the purchase ceiling has been raised to $50,000 this year, and that it is impossible to abolish or raise the price limit until the competitiveness of domestic horses is secured. The Seoul Horse Racing Association also strongly opposed the mountain horse integration race, saying that the competitiveness of domestic horses was revealed as the first and second-class mountain integration races, which have been implemented since this year, showed poor performance as feared.

test008

As the second business agreement period with Jeju Special Self-Governing Province ended on December 31 this year, the Korea Racing Authority signed the third business agreement at Samda Hall on the second floor of the provincial government on the afternoon of the 16th. Through this third agreement, the Korea Racing Authority will increase the number of relay races in Jeju racetracks from 320 times a year (the second agreement period) to more than 430 times, and Jeju Island will reduce the leisure tax reduction rate by 2 percentage points from 25 percent to 27 percent.Last year, Jeju's revenue from Jeju's relay race amounted to 53.2 billion won (53.2 million U.S. dollars), accounting for 65 percent of Jeju's 81.7 billion won in local taxes, and 63 billion won is expected this year. Jeju expects to increase its revenue by more than 1 billion won due to the expansion of the race.

test008

The implementation of the Korea Cup International Invitational Race, which will be established in 2016, is expected to help the horse racing industry, which has had a strong negative image, improve its new positive image thanks to visits by foreign racehorses and officials and competition with each other.Meanwhile, the two-year-old horse series and sprinter series will be added next year to boost interest in the race. The two-year-old horse series, which will be newly established to raise interest in the race, will include a horse race and a special race in addition to the existing two-year-old horse special race. As a result, the prize money will be increased by 600 million won, and the prize money for the best horse will be paid 100 million won. The sprint series will include the Busan Ilbo Cup, which will be built at Pukyong Racing Park, the Korea-Japan Race Exchange and the Korea Print.

test008

The implementation of the Korea Cup International Invitational Race, which will be established in 2016, is expected to help the horse racing industry, which has had a strong negative image, improve its new positive image thanks to visits by foreign racehorses and officials and competition with each other.Meanwhile, the two-year-old horse series and sprinter series will be added next year to boost interest in the race. The two-year-old horse series, which will be newly established to raise interest in the race, will include a horse race and a special race in addition to the existing two-year-old horse special race. As a result, the prize money will be increased by 600 million won, and the prize money for the best horse will be paid 100 million won. The sprint series will include the Busan Ilbo Cup, which will be built at Pukyong Racing Park, the Korea-Japan Race Exchange and the Korea Print.

test008

The Korea Racing Authority's push to host the Korea Cup International Invitational Race is included in the horse racing innovation measures already announced in 2007 as part of the internationalization that has been steadily pursued. At that time, the goal was to promote international racing in three stages from 2015 to 2016. In addition, the mid-term innovation goal of the Korea Racing Authority's first horse racing innovation plan this year included the hosting of the Korea Cup in 2016. Already, the Korea Racing Authority has held the Asia Challenge Cup this year and held an international race involving Japan and Singapore.If this year's Asian Challenge Cup was a half-way international race only played by Asian countries such as Japan (racehorse belonging to the Oi Racecourse) and Singapore, the Korea Cup, which will be newly established next year, is expected to be an international race in name and reality.

test008

Chairman Hyun Myung-kwan said at the general meeting of the management strategy meeting, "I would like to thank all employees once again for their hard work at the end of 2015," adding, "In 2016, we will promote management innovation with customer satisfaction as the top priority, and we will make sure to create tangible results by teaching on the other hand, not only this year's performance but also the somewhat sluggish areas in the business promotion." Meanwhile, employees of the Ma Association and related organizations who attended the management strategy meeting said, "The overall evaluation seems to have improved as the management strategy meeting where everyone attends has been repeated. It seems that there is a sense of responsibility that everyone participates in management together, not the Ma Association, which is driven by some management.

test008

It is true that I participated in the competition with half expectations and half worries. I always had expectations for the Breeders' Cup, but I think I came in third last year and second the previous year. Horse racing did not mean that I did my best, but that the horse's condition and opponent's strength were all combined, and I am happy that it has led to a good result. Since open racing will continue to be added in the future, I think this is not the end but the part that I should keep running. How can I be happy that I won the championship as an assistant teacher? However, I just wonder if it is because other people say so on the record. At award ceremonies, I tend to control my emotions as much as possible. Since there are many chances to win, there are often people who feel uncomfortable about me standing on the podium. I like it only inside and can't express it well on the outside, but I think I saw it.

test008

Regarding the introduction of a fixed rate system for horse racing prize money, which has not yet reached a complete agreement, the Seoul Racing Association intends to first realize it and discuss the conversion of the fixed rate system as the current amount of horse racing prize money is set lower than the actual input cost of the opponent, such as not properly reflecting the actual 1,800 heads of race horses and 890 heads of annual introduction. Among the minor changes, the Korea Racing Authority initially proposed to increase three races in 2016, eight in 2017, seven in 2018, and 10 in 2019, but through consultation, it agreed to increase one listed race at the Pukyong Racecourse in 2016, one listed race in Pukyong in 2017 and one grade race in Seoul in 2018.

test008

As the second business agreement period with Jeju Special Self-Governing Province ended on December 31 this year, the Korea Racing Authority signed the third business agreement at Samda Hall on the second floor of the provincial government on the afternoon of the 16th. Through this third agreement, the Korea Racing Authority will increase the number of relay races in Jeju racetracks from 320 times a year (the second agreement period) to more than 430 times, and Jeju Island will reduce the leisure tax reduction rate by 2 percentage points from 25 percent to 27 percent.Last year, Jeju's revenue from Jeju's relay race amounted to 53.2 billion won (53.2 million U.S. dollars), accounting for 65 percent of Jeju's 81.7 billion won in local taxes, and 63 billion won is expected this year. Jeju expects to increase its revenue by more than 1 billion won due to the expansion of the race.

test008

The implementation of the Korea Cup International Invitational Race, which will be established in 2016, is expected to help the horse racing industry, which has had a strong negative image, improve its new positive image thanks to visits by foreign racehorses and officials and competition with each other.Meanwhile, the two-year-old horse series and sprinter series will be added next year to boost interest in the race. The two-year-old horse series, which will be newly established to raise interest in the race, will include a horse race and a special race in addition to the existing two-year-old horse special race. As a result, the prize money will be increased by 600 million won, and the prize money for the best horse will be paid 100 million won. The sprint series will include the Busan Ilbo Cup, which will be built at Pukyong Racing Park, the Korea-Japan Race Exchange and the Korea Print.

test008

It was a time to think about the common part of Korean horse racing and talk head-to-head."Given that the prize money for horse racing is expected to remain unchanged next year from this year, the Korea Cup and the Korea Cup Sprint international invited races, which will cost 1 billion won and 700 million won, are expected to become the best horse racing competitions in Korea. "We have Hong Kong, the U.S. and European countries in mind, in addition to Japan, Singapore and Dubai, which have been quarantined for the first time," said an official from the Korea Racing Authority. The number of invited races will be less than eight, and there will be no special restriction on qualifications. The committee will be formed to select candidates for domestic as well as foreign racehorses.

test008

Since the first half of this year, the Korea Racing Authority has been pushing for a two-stage horse racing innovation plan to create synergy with the first-stage horse racing innovation plan. The society delivered the second-stage horse racing innovation plan to related organizations in early April and held working-level discussions. The society planned to finalize and apply the detailed plan for each of the second phase of horse racing innovation projects in July, but the plan was delayed due to opposition from related organizations and the change of consultation. A source from the society said, "The coordination with related organizations on the second phase of innovation is in the final stage. It is expected that much of the plan will go according to the original plan. It will be finalized and applied by mid-January next year."

test008

In response, the Seoul Racing Authority opposed the plan, but since foreign horses recruited this year are not actively engaged in due to lack of understanding of Korean horse racing and poor horse racing environment compared to foreign countries, there will be no problem of great concern even if foreign horses are recruited, and they agreed to expand gradually but maintain up to 10% after the opening of Yeongcheon Racecourse.Meanwhile, next year's ranking prize money distribution ratio was agreed to increase from the current 55% to 56%, and to 57% in 2017.

test008

In addition, the Korea Racing Authority will use the resources raised by the leisure tax reduction to promote the improvement of Jeju horse racing facilities and the strengthening of functions. The abolition of the purchase ceiling for foreign horses is because the Seoul Horse Racing Association argued that the price limit needs to be verified for a certain period of time as the purchase ceiling has been raised to $50,000 this year, and that it is impossible to abolish or raise the price limit until the competitiveness of domestic horses is secured. The Seoul Horse Racing Association also strongly opposed the mountain horse integration race, saying that the competitiveness of domestic horses was revealed as the first and second-class mountain integration races, which have been implemented since this year, showed poor performance as feared.

test008

The implementation of the Korea Cup International Invitational Race, which will be established in 2016, is expected to help the horse racing industry, which has had a strong negative image, improve its new positive image thanks to visits by foreign racehorses and officials and competition with each other.Meanwhile, the two-year-old horse series and sprinter series will be added next year to boost interest in the race. The two-year-old horse series, which will be newly established to raise interest in the race, will include a horse race and a special race in addition to the existing two-year-old horse special race. As a result, the prize money will be increased by 600 million won, and the prize money for the best horse will be paid 100 million won. The sprint series will include the Busan Ilbo Cup, which will be built at Pukyong Racing Park, the Korea-Japan Race Exchange and the Korea Print.

test008

Japan, Singapore, and Dubai, where the two countries have concluded quarantine inspections, are taking for granted as Korean racehorses have also run away races. The Korean Racing Authority is also considering inviting Hong Kong, the U.S., and European countries. To that end, an international racing task force team will be formed to push for the successful hosting of the Korea Cup. However, it is expected to be a major variable as it is difficult for the Korean government to conclude the quarantine inspection quickly in order for racehorses from countries that have not yet signed a quarantine inspection between countries to participate. Officials from the Korea Racing Authority diagnosed that the prize money should be more than 400 million won (468,400 U.S. dollars), but they expect a significant number of foreign racehorses to participate in the Korea Cup, which will cost more than 700 million won (468,400 dollars).

test008

Chairman Hyun Myung-kwan said at the general meeting of the management strategy meeting, "I would like to thank all employees once again for their hard work at the end of 2015," adding, "In 2016, we will promote management innovation with customer satisfaction as the top priority, and we will make sure to create tangible results by teaching on the other hand, not only this year's performance but also the somewhat sluggish areas in the business promotion." Meanwhile, employees of the Ma Association and related organizations who attended the management strategy meeting said, "The overall evaluation seems to have improved as the management strategy meeting where everyone attends has been repeated. It seems that there is a sense of responsibility that everyone participates in management together, not the Ma Association, which is driven by some management.