KRA eyes big time, with new races, change of image

With massive crowds, booming betting turnover and burning with ambition, Korean racing just might be Asian racing’s sleeping giant. Yet not only does it face the same external pressures as the sport does worldwide, there are many “internal” challenges unique to the still-emerging jurisdiction. Now the Korean Racing Authority (KRA) is hoping a new international race meeting and re-vitalized competition can lead it into a new golden age. “I strongly believe that without competition we cannot prove ourselves, the race product can’t improve,” KRA CEO and chairman Hyun Myung-kwan told reporters at a press conference for September’s $1million Korea Cup, one of many new initiatives aimed at pushing the sport forward. “I believe that openness and competition is an essential element for the future development of Korean racing.” Ask anyone about racing in Asia and regional powers Hong Kong, Japan and Singapore all spring to mind, but Korean racing shares many of the...

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