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Korea Racing Authority
  • Korea Racing Authority (KRA) is the sole racing authority in Korea by KRA Law, and is under the supervision of the Ministry for Food, Agriculture, Forestry and Fisheries. KRA aims to support communities by engaging in various support programs for fishing, agrarian villages, as well as other disadvantaged groups in Korea and beyond. In addition, KRA's recent support program launch for equestrian events would seek opportunities for the Korean horse industry to improve their capabilities and capacities in the near future.


The KRA’s Mission:

KRA is committed to helping people make good use of their leisure time and to developing Korean horse industry so as to enhance the dignity of Korean horse culture.

To upgrade Korean horse industry

To strengthen social responsibility

To reinforce the foundations for sustainable growth

To establish advanced corporate cultures


Functions:

Operating horse racing

Promoting improvement and multiplication, development, popularization, utilization, and training of horses, popularizing equitation, and performing businesses to promote horse industry

Establishing and operating simple sports and recreational facilities in the racecourses

Conducting businesses similar to horse racing, such as livestock racing

Providing scholarships to the children of fishermen and farmers, and carrying out projects to improve the welfare of fishing and agrarian villages, and of the neighboring areas of the racecourses and off-course betting outlets

Conducting local and overseas businesses, including services using professional skills related to the operation of horse racing

Investing in corporations dealing with horse racing operations and related businesses, and providing them with support

Key Facts

Horse Racing in Korea (2015)

Race Meeting: 96 days

Number of Races: 1,926

Horse Population: 2,896

Trainers: 86 (3 Foreign Talents)

Jockeys: 112 (5 Foreign Talents)


Breeding in Korea (2015)

Stud Farms: 3

Stallions: 108

Broodmares: 2,613

Foals: 1,335


Figures * 2015 IFHA Annual Report

Betting Turnover

Betting Turnover (2015; Euros)
1 Japan 22,934,930,915
2 Great Britain 14,778,433,673
3 Australia 14,553,545,742
4 Hong Kong 12,579,918,043
5 USA 9,805,307,750
6 France 9,083,498,544
7 Korea 5,126,998,169
8 Ireland 3,238,275,069
9 Sweden 1,364,058,700
10 Turkey 1,304,264,491

Prize Money

No. of Race   Prize Money (2015; Euros)
1 USA
839,152,696
38,941
2 Japan
608,219,101
16,049
3 Australia
401,305,009
18,949
4 Korea
149,139,164
1,926
5 Hong Kong
126,078,968
784
6 Great Britain
122,179,166
6,257
7 France
121,515,430
4,908
8 Canada
68,758,798
3,278
9 Venezuela
64,773,377
2,396
10 Turkey
60,352,564
2,898