ENFORCEMENT DECREE OF THE KOREA RACING AUTHORITY ACT
Wholly Amended by Presidential Decree No. 13652, May 29, 1992
Amended by Presidential Decree No. 13869, Mar. 6, 1993
Presidential Decree No. 17118, Jan. 29, 2001
Presidential Decree No. 17605, May 20, 2002
Presidential Decree No. 18354, Apr. 1, 2004
Presidential Decree No. 19151, Nov. 30, 2005
Presidential Decree No. 20677, Feb. 29, 2008
Presidential Decree No. 21849, Nov. 26, 2009
Presidential Decree No. 23132, Sep. 9, 2011
Presidential Decree No. 24455, Mar. 23, 2013
Presidential Decree No. 25532, Aug. 6, 2014
Presidential Decree No. 25840, Dec. 9, 2014
Presidential Decree No. 26128, Mar. 3, 2015
Presidential Decree No. 26413, Jul. 20, 2015
Presidential Decree No. 27751, Dec. 30, 2016
Presidential Decree No. 29950, Jul. 2, 2019
Presidential Decree No. 31178, Nov. 24, 2020
The purpose of this Decree is to prescribe matters mandated by the Korea Racing Authority Act and matters necessary for the enforcement thereof.
[This Article Wholly Amended on Nov. 26, 2009]
| Article 2 (Holding Horse Racing) |
| (1) | The scope of holding horse racing for each racecourse under Article 3 (2) of the Korea Racing Authority Act (hereinafter referred to as the "Act") shall be as follows: |
| 1. | The number of days of annual horse racing: Up to 105 days; |
| 2. | The number of races per day: Up to 15 races. |
| (2) | The Korea Racing Authority established under Article 18 of the Act (hereinafter referred to as the "Authority") may hold horse racing exceeding the number of days of annual horse racing prescribed in paragraph (1) 1 within the range of 50 days with approval from the Minister of Agriculture, Food and Rural Affairs, if any racecourse cannot hold horse racing due to the improvement and repair of facilities, natural disasters, etc. <Amended on Mar. 23, 2013> |
| (3) | With respect to the implementation of horse racing, the Authority shall not entrust any other person with the operation of racing, sales of betting tickets (hereinafter referred to as "betting tickets"), payment of refunds, and enforcement at racecourses and off-course betting centers under Article 6 (2) of the Act. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 3 (Types of Races) |
| 1. | Flat race: A race over a distance of at least 600 meters (or 400 meters for racecourse in Jeju Special Self-Governing Province) on a racetrack without obstacles, etc.; |
| 2. | Steeplechases: A race over a distance of at least 1,600 meters on a racetrack with obstacles prescribed by the regulations of the Authority; |
| 3. | Harness race: A race over a distance of at least 1,000 meters in a horse-drawn carriage prescribed by the regulations of the Authority. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 4 (Entry Criteria for Racehorses) |
| 1. | Flat race: Racehorses over 24 months old; |
| 2. | Steeplechases and harness races: Racehorses over 36 months old. |
[This Article Wholly Amended on Nov. 26, 2009]
[Title Amended on Nov. 24, 2020]
| Article 5 (Facilities and Equipment of Racecourses) |
Facilities and equipment of racecourses under Article 4 (1) of the Act shall be as follows: <Amended on Mar. 23, 2013; Jul. 2, 2019; Nov. 24, 2020> | 1. | A circular or oval race track that is at least 1,000 meters long and at least 16 meters wide; |
| 2. | Judging areas, weigh stations, stables (referring to places where horses are prepared for racing), exhibition halls (referring to places where spectators can check the condition of competing horses before races), betting offices, refund centers, bleachers, and broadcasting facilities; |
| 3. | Other facilities and equipment prescribed by Ordinance of the Ministry of Agriculture, Food and Rural Affairs as necessary for managing race horses. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 6 (Unit Betting Amount and Methods of Selling Betting Tickets) |
| (2) | A betting ticket shall be sold in units of the unit amount under paragraph (1) but may be sold as a composite betting ticket in which the content of two or more unit betting tickets is displayed in a single table. |
| (3) | Betting tickets shall be sold after the horses to participate in the relevant race have been finalized and the sales of such tickets shall be closed prior to the start of the race. <Amended on Jul. 20, 2015; Nov. 24, 2020> |
[This Article Wholly Amended on Nov. 26, 2009]
[Moved from Article 7; previous Article 6 moved to Article 7 <Nov. 26, 2009>]
| Article 7 (Standards for Facilities of Off-Course Betting Centers) |
The facility standards and administrative affairs for off-course betting centers under Article 6 (2) of the Act shall be as follows: | (a) | Facilities required to broadcast live races; |
| (b) | Facilities for the sale of betting tickets and distribution of payoffs; |
| (c) | Facility to display sale amounts of betting tickets and payoff rates, etc.; |
| 2. | Administrative affairs: |
| (a) | The sale of betting tickets and distribution of payoffs; |
| (b) | The sale and refund of vouchers. |
[This Article Wholly Amended on Nov. 26, 2009]
[Moved from Article 6; previous Article 7 moved to Article 6 <Nov. 26, 2019>]
| Article 8 (Indication of Warnings) |
"Advertisements prescribed by Presidential Decree" in Article 6-3 (1) of the Act means any of the following advertisements related to the purchase of betting tickets: <Amended on Jul. 2, 2019> | 2. | Promotional materials issued by the Authority on a regular or irregular basis; |
| 3. | Other advertisements using the press media. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 9 (Posting Notice on Payoff Rates) |
The Authority shall, without delay after closing the sale of betting tickets for each race, post the total amount sold and the payoff rate per unit betting ticket by betting methods under Article 7 (1) of the Act (hereinafter referred to as "betting methods") at a certain place in a racecourse: Provided, That in cases of betting methods for which it is difficult to post the payoff rate per unit betting ticket, such as exacta, tierce, trifecta, and special betting, the trifecta rate per betting unit ticket may be checked through a terminal, etc. in lieu of the posting thereof. <Amended on Nov. 24, 2020> [This Article Wholly Amended on Nov. 26, 2009]
| (1) | Payoffs to be distributed to winning ticket holders (hereinafter referred to as "winners") pursuant to Article 8 (1) of the Act shall be the amount calculated by dividing the amount computed according to the calculation formula specified in attached Table 1 equally by each winning unit ticket, and if the payoff amount is taxable, the tax amount calculated according to the calculation formula specified in attached Table 2 shall be subtracted. |
| (2) | Where the payoff amount under paragraph (1) fails to reach the unit amount of the betting ticket, the unit amount shall be the payoff amount. |
| (3) | The payoff amount to be distributed in the event of no winner under the main clause of Article 8 (2) of the Act shall be the amount calculated by dividing the amount computed according to the calculation formula specified in attached Table 1 equally by each unit betting ticket. <Amended on Nov. 24, 2020> |
| (4) | The distribution of payoff amounts in the event that two or more competing horses arrive at the finish line at the same time and the distribution of payoff amounts for the winners of the race according to the special betting shall be prescribed by Ordinance of the Ministry of Agriculture, Food and Rural Affairs. <Amended on Mar. 23, 2013; Nov. 24, 2020> |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 11 (Treatment of Fractional Amount) |
| (1) | If the payoff amount under Article 10 has a fractional amount of less than 10 won, the amount of less than 5 won shall not be counted, and the amount of not less than 5 won shall be counted as 10 won. |
| (2) | If there is a profit as a result of the processing under paragraph (1), it shall be the income of the Authority; and if there is a loss, it shall be the expenditure of the Authority. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 12 (Sales Proceeds Rate of Betting Tickets) |
Where the Minister of Agriculture, Food and Rural Affairs determines the sales proceeds rate of betting tickets pursuant to Article 9 (2) of the Act, the Minister shall notify the Authority thereof at least two months before the beginning of the relevant business year. <Amended on Mar. 23, 2013; Nov. 24, 2020> [This Article Wholly Amended on Nov. 26, 2009]
| Article 13 (Requests for Correction of Details of Betting Tickets) |
| (1) | Where the details of a purchased betting ticket differ from the details of the application for the purchase, a request for correction may be made only if the person who purchased the betting ticket has not left the ticket window and the sale of betting tickets has not closed for the relevant race. |
| (2) | Upon a request for correction under paragraph (1), the Authority shall immediately replace the betting ticket with a betting ticket with corrected details, or, if it is not possible to do so, shall return the betting amount of the ticket. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 14 (Organizing Members) |
| (2) | The organizing members shall conduct the following business affairs: <Amended on Jul. 20, 2015; Nov. 24, 2020> |
| 1. | Matters related to the assignment and weighing of racehorses' burden weights; |
| 2. | Management of race tracks and race-related facilities; |
| 3. | Matters related to the management of competing horses; |
| 4. | Matters related to veterinary medicine, including the prevention and treatment of diseases of racehorses; |
| 5. | Matters related to starting; |
| 6. | Matters related to the determination of the arrival order; |
| 7. | Matters related to the finalization of the arrival order and the adjudication of race-related appeals; |
| 8. | Matters related to the enforcement to maintain order at racecourses and off-course betting centers; |
| 9. | Matters related to various sanctions under the regulations of the Authority; |
| 10. | Matters related to the sale of betting tickets and the distribution of payoffs; |
| 11. | Matters related to the sale and refund of vouchers; |
| 12. | Matters related to the enforcement of the use of drugs, medicines, and other substances that increase or decrease a racehorse's ability to race, and unfair racing practices; |
| 13. | Matters related to publicity and other accommodations for spectators. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 15 (Registration of Establishment of Branch Offices) |
| (1) | Where establishing a branch office, the Authority shall file for registration of the name, location, and date of establishment of the newly established branch office within three weeks at the location of the principal office and an already established branch office, respectively, and shall file for registration of the matters prescribed in the subparagraphs of Article 21 (1) of the Act within that period at the location of the branch office. |
| (2) | Where a branch office is newly established within the jurisdiction of a registry office having jurisdiction over the location of the principal office or a branch office, the name, location, date of establishment of the newly established branch office shall be registered within three weeks after such establishment. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 16 (Registration of Relocation) |
| (1) | When the Authority relocates its principal office or branch office, it shall file for registration of the new location and date of relocation at the former location and of the matters prescribed in the subparagraphs of Article 21 (1) of the Act at the new location, respectively, within three weeks after such relocation. |
| (2) | Where the Authority relocates its principal office or branch office within the jurisdiction of the same registry office, it shall file for registration of the new location and date of relocation within three weeks after such relocation. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 17 (Registration for Modification) |
Where any matter specified to in the subparagraphs of Article 21 (1) of the Act is modified, the Authority shall file for registration of such modified matter within three weeks after such modification. [This Article Wholly Amended on Nov. 26, 2009]
| Article 18 (Registration of Appointment of Agent) |
| (1) | Where the chairperson of the Authority appoints an agent under Article 34 of the Act, he or she shall file for registration of the following matters at the location of the principal office or branch office in which the agent is employed, within three weeks after such appointment: |
| 1. | Name and address of the agent; |
| 2. | Name and location of the principal office or branch office in which the agent is employed; |
| 3. | Details of restrictions on the authority of the agent, if any. |
| (2) | When any registered matter specified in paragraph (1) is modified or an agent is dismissed, such fact shall be registered at the location of the principal office or branch office in which the agent is employed, within three weeks after such modification or dismissal. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 19 (Documents Attached to Application for Registration) |
Each application for registration under Articles 15 through 18 shall be accompanied by documents attesting grounds therefor. [This Article Wholly Amended on Nov. 26, 2009]
| Article 20 (Calculation of Registration Period) |
The registration period for matters to be registered under this Decree that require the approval or authorization from the Minister of Agriculture, Food and Rural Affairs shall be calculated from the date on which the written approval or authorization therefor is received. <Amended on Mar. 23, 2013>
[This Article Wholly Amended on Nov. 26, 2009]
| Article 21 Deleted. <Nov. 26, 2009> |
| Article 22 Deleted. <Nov. 26, 2009> |
| Article 23 (Use of Special Reserves) |
The Authority shall use the special reserves accumulated pursuant to Article 42 (1) of the Act for the following purposes, as determined by the Minister of Agriculture, Food and Rural Affairs in consideration of the budget for the relevant year and other similar factors; in such cases, the Minister shall have a prior consultation with the Minister of Economy and Finance: <Amended on Sep. 9, 2011; Mar. 23, 2013; Mar. 3, 2015> | 1. | Projects for the development of the horse industry and the livestock industry; |
| 2. | Scholarship projects for children and successors of farmers and fishers; |
| 3. | Projects to promote understanding of agriculture and rural communities and consumption of agricultural and livestock products; |
| 4. | Support for farmers and fishers, etc. following the implementation of free trade agreements; |
| 5. | Other projects to improve the welfare of agricultural and fishing villages. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 24 (Carrying Identification) |
| (1) | The Authority shall issue its executive officers and employees, trainers, jockeys, grooms, and other racing personnel involved in horse racing, with identification indicating their respective positions and shall require them to carry identification at racecourses and off-course betting centers while horse racing is being held. <Amended on Jul. 20, 2015> |
| (2) | The standard and form of, and details to be stated in, the identification under paragraph (1) shall be prescribed by the regulations of the Authority. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 24-2 (Establishment and Operation of Horse Racing Supervisory Committee) |
| (1) | The chairperson of the Horse Racing Supervisory Committee (hereinafter referred to as the "chairperson"), which is established under the Ministry of Agriculture, Food and Rural Affairs pursuant to Article 44-2 (1) of the Act (hereinafter referred to as the "Horse Racing Supervisory Committee"), shall represent the Committee and have general supervision and control of its business affairs. |
| (2) | When the chairperson is unable to perform his or her duties due to any unavoidable reason, a member in the order designated in advance by the chairperson shall act on behalf of the chairperson. |
| (3) | The Minister of Agriculture, Food and Rural Affairs may remove or dismiss a member if the member falls under any of the following cases: |
| 1. | Where the member becomes incapable of performing his or her duties due to mental or physical disability; |
| 2. | Where the member engages in misconduct in connection with his or her duties; |
| 3. | Where the member is deemed unsuitable as a member due to delinquency of duties, injury to dignity, or any other reasons; |
| 4. | Where the member voluntarily indicates that it is impracticable for him or her to perform his or her duties. |
| (4) | Meetings of the Horse Racing Supervisory Committee shall be convened by the chairperson where deemed necessary or where at least 1/3 of the members make a request therefor. |
| (5) | A majority of the members of the Horse Racing Supervisory Committee shall constitute a quorum, and any resolution thereof shall require the concurring vote of a majority of those present. |
| (6) | Where deemed necessary, the Horse Racing Supervisory Committee may request any related person to appear before the Committee and hear his or her opinion. |
| (7) | Except as provided in paragraphs (1) through (6), matters necessary for the establishment and operation of the Horse Racing Supervisory Committee shall be determined by the chairperson after resolution by the Committee. |
[This Article Newly Inserted on Nov. 24, 2020]
| Article 25 (Enforcement at Racecourses) |
| (1) | The necessary measures that the Authority is required to take to maintain order at racecourses and off-course betting centers and ensure fair horse racing pursuant to Article 47 (1) of the Act shall be as follows: <Amended on Jul. 20, 2015; Nov. 24, 2020> |
| 1. | The suspension of ineligible racehorses and inspection on the training status of racehorses, etc.; |
| 2. | Training and sanctions for owners, trainers, jockeys, and grooms; |
| 3. | Refusing to allow persons who are likely to cause a disruption to enter racecourses and off-course betting centers and ordering them to leave. |
| (2) | Where necessary to take measures under paragraph (1) at racecourses and off-course betting centers, the Authority may conduct investigations to verify the facts, etc. |
| (3) | Details necessary for measures under paragraph (1) and investigations under paragraph (2) shall be prescribed by the regulations of the Authority. |
[This Article Wholly Amended on Nov. 26, 2009]
| Article 25-2 (Management of Sensitive Information and Personally Identifiable Information) |
| 1. | Business affairs regarding the confirmation of qualifications for registration of an owner, revocation of registration of an owner, and orders to suspend activities of an owner under Article 11 of the Act; |
| 2. | Business affairs regarding the registration of persons seeking to obtain a trainer's license or a jockey's license or to conduct shoeing under Article 14 of the Act. |
[This Article Newly Inserted on Aug. 6, 2014]
| Article 25-3 Deleted. <Dec. 30, 2016> |
| Article 26 (Criteria for Imposing Administrative Fines) |
[This Article Wholly Amended on Nov. 26, 2009]
ADDENDUM <Presidential Decree No. 13652, May 29, 1992>
This Decree shall enter into force 30 days after the date of its promulgation.
ADDENDA <Presidential Decree No. 13869, Mar. 6, 1993>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 6 Omitted.
ADDENDA <Presidential Decree No. 17118, Jan. 29, 2001>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 Omitted.
ADDENDUM <Presidential Decree No. 17605, May 20, 2002>
This Decree shall enter into force on the date of its promulgation.
ADDENDUM <Presidential Decree No. 18354, Apr. 1, 2004>
"Scholarship projects for children of farmers and fishers" in Article 23 shall be changed to "scholarship projects for children of farmers and fishers and support for farmers and fishers, etc. following the implementation of free trade agreements".
ADDENDUM <Presidential Decree No. 19151, Nov. 30, 2005>
This Decree shall enter into force on the date of its promulgation: Provided, That the amended provisions of Article 8 shall enter into force on December 1, 2005.
ADDENDA <Presidential Decree No. 20677, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Articles 2 through 7 Omitted.
ADDENDUM <Presidential Decree No. 21849, Nov. 26, 2009>
This Decree shall enter into force on November 28, 2009.
ADDENDA <Presidential Decree No. 23132, Sep. 9, 2011>
Article 1 (Enforcement Date)
This Decree shall enter into force on September 10, 2011.
Articles 2 and 3 Omitted.
ADDENDA <Presidential Decree No. 24455, Mar. 23, 2013>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 6 Omitted.
ADDENDUM <Presidential Decree No. 25532, Aug. 6, 2014>
This Decree shall enter into force on August 7, 2014.
ADDENDA <Presidential Decree No. 25840, Dec. 9, 2014>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2015.
Articles 2 through 16 Omitted.
ADDENDA <Presidential Decree No. 26128, Mar. 3, 2015>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation.
Article 2 (Applicability to Use of Special Reserves)
The amended provisions of Article 23 shall begin to apply to the special reserves of the Authority following the settlement of accounts for the fiscal year 2014.
ADDENDUM <Presidential Decree No. 26413, Jul. 20, 2015>
This Decree shall enter into force on July 21, 2015.
ADDENDA <Presidential Decree No. 27751, Dec. 30, 2016>
Article 1 (Enforcement Date)
This Decree shall enter into force on January 1, 2017. (Proviso Omitted.)
Articles 2 through 12 Omitted.
ADDENDUM <Presidential Decree No. 29950, Jul. 2, 2019>
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
ADDENDUM <Presidential Decree No. 31178, Nov. 24, 2020>
This Decree shall enter into force on the date of its promulgation: Provided, That the amended provisions of Article 24-2 and attached Table 3 shall enter into force on November 27, 2020.