SOUTH KOREAN HORSE RACE

The South Korean Horse Race:

The history of the South Korean Horse race is found to be as far as 1898. At this time, the foreign language institute which was run by the then government was involved in the inclusion of donkey racing in their athletic rally. Betting was strictly prohibited in the horse racings of South Korea during that period. South Korean Horse Race began the involvement of betting in its horse races only in the 1920’s. It happened when the Modern Horse racing made its debut for the first time in South Korea. The first ever authorized horse racing club was established in the year 1922.  The main objective of the horse club at that time was to make South Korean Horse races better organized and more systematic in nature. The year 1923 heralded a great change in the South Korean Horse Race. It was at this time when the pari-mutuel betting system was formally accepted.

More on South Korean Horse Race:

It was in the year 1928 that the Sinseol dong Racecourse was established. In addition, the racing clubs were granted permission to have their own racecourses. This brought about an evolution in the South Korean Horse Race. The year 1933 saw the promulgation of a decree on South Korean Horse Race. Based on the decree, only the incorporated racing clubs had the permission for the conduction of horse racing. In the year 1945, the Chosun Horse affairs authority was renamed as the Korean Racing authority.