No. 19492
Promulgation Date 2023-06-20
Ministry of Agriculture, Food and Rural Affairs
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 2-2 (Relationship to Other Statutes)
CHAPTER II IMPLEMENTATION OF HORSE RACING
Article 3 (Holding Horse Racing)
Article 4 (Racecourses)
Article 5 (Admission Fees)
Article 6 (Sale of Betting Tickets)
Article 6-2 (Sale of Betting Tickets through Information and Communications Networks)
Article 6-3 (Corrective Orders)
Article 6-4 (Registration)
Article 6-5 (Formulation of Plans to Ensure Sound Operation of Sale of Electronic Betting Tickets)
Article 6-6 (Measures for Prevention of Addiction and Excessive Immersion)
Article 6-7 (Prevention of Illegal Use)
Article 6-8 (Inspection of Operation Results)
Article 6-9 (Vouchers)
Article 6-10 (Indication of Warnings)
Article 7 (Types of Betting Methods)
Article 8 (Payoffs)
Article 9 (Sales Proceeds)
Article 10 (Invalidation of Betting)
Article 11 (Registration of Owners)
Article 12 (Registration of Racehorses)
Article 13 (Registration of Clothing Colors)
Article 14 (Licenses of Trainers and Jockeys)
Article 15 Deleted.
Article 16 (Special Registration Fees)
Article 17 (Organizing Members)
CHAPTER III KOREA RACING AUTHORITY
Section 1 Incorporation
Article 18 (Incorporation)
Article 19 (Legal Personality)
Article 20 (Offices and Address)
Article 21 (Registration)
Article 22 (Prohibition of Use of Similar Names)
Article 23 (Articles of Incorporation)
Article 24 (Provisions)
Section 2 Executive Officers and Employees
Article 25 (Executive Officers)
Article 26 (Duties of Executive Officers)
Article 27 (Appointment of Executive Officers)
Article 28 (Term of Office of Executive Officers)
Article 29 (Grounds for Disqualification of Executive Officers)
Article 30 (Restrictions on Dual Office Holding of Executive Officers and Employees)
Article 31 (Restrictions on Representative Authority)
Article 32 (Board of Directors)
Article 32-2 (Horse Industry Development Committee)
Article 33 (Appointment and Dismissal of Employees)
Article 34 (Appointment of Agent)
Article 35 (Application Mutatis Mutandis of the Civil Act)
Articles 35 and 65 of the Civil Act shall apply mutatis mutandis to the Authority.
Section 3 Projects and Accounting
Article 36 (Scope of Projects)
Article 36-2 (Formulation of Project Plans)
Article 37 (Budget Planning)
Article 38 (Business Year)
Article 39 (Borrowed Funds)
Article 40 (Operation of Funds)
Article 41 (Restrictions on Disposal of Property)
Article 42 (Disposal of Profits and Losses)
Article 43 (Submission of Statements of Accounts)
Section 4 Supervision
Article 44 (Guidance and Supervision)
Article 44-2 (Establishment and Operation of Horse Racing Supervisory Committee)
Article 44-3 (Impact Assessment and Order for Improvement)
Article 45 (Attendance at Meetings of Board of Directors)
Article 46 (Removal of Executive Officers)
CHAPTER IV SUPPLEMENTARY PROVISIONS
Article 47 (Enforcement at Racecourse and Off-Course Betting Center)
Article 48 (Prohibition of Similar Acts)
Article 49 (Restrictions on Purchase of Betting Tickets)
Article 49-2 (Granting Monetary Awards)
Article 49-3 (Legal Fiction as Public Officials for Purposes of Applying Penalty Provisions)
CHAPTER V PENALTY PROVISIONS
Article 50 (Penalty Provisions)
Article 51 (Penalty Provisions)
Article 52 Deleted.
Article 53 (Penalty Provisions)
Article 54 Deleted.
Article 55 Deleted.
Article 56 (Confiscation and Punitive Collection)
Article 57 (Concurrent Imposition of Suspension of Qualification)
Article 58 Deleted.
Article 59 Deleted.
Article 60 Deleted.
Article 61 (Administrative Fines)
ADDENDA <Act No. 4251, Aug. 1, 1990>
ADDENDA <Act No. 4268, Dec. 27, 1990>
ADDENDA <Act No. 4541, Mar. 6, 1993>
ADDENDUM <Act No. 6091, Dec. 31, 1999>
ADDENDA <Act No. 6400, Jan. 29, 2001>
ADDENDA <Act No. 6572, Dec. 31, 2001>
ADDENDA <Act No. 7207, Mar. 22, 2004>
ADDENDA <Act No. 7428, Mar. 31, 2005>
ADDENDUM <Act No. 7547, May 31, 2005>
ADDENDA <Act No. 8354, Apr. 11, 2007>
ADDENDA <Act No. 8852, Feb. 29, 2008>
ADDENDA <Act No. 9720, May 27, 2009>
ADDENDA <Act No. 10303, May 17, 2010>
ADDENDUM <Act No. 10456, Mar. 9, 2011>
ADDENDUM <Act No. 10891, Jul. 21, 2011>
ADDENDA <Act No. 11460, Jun. 1, 2012>
ADDENDA <Act No. 11690, Mar. 23, 2013>
ADDENDA <Act No. 12437, Mar. 18, 2014>
ADDENDUM <Act No. 13031, Jan. 20, 2015>
ADDENDUM <Act No. 13146, Feb. 3, 2015>
ADDENDUM <Act No. 14306, Dec. 2, 2016>
ADDENDUM <Act No. 15775, Sep. 18, 2018>
ADDENDUM <Act No. 17101, Mar. 24, 2020>
ADDENDA <Act No. 17325, May 26, 2020>
ADDENDUM <Act No. 17724, Dec. 22, 2020>
ADDENDA <Act No. 19121, Dec. 27, 2022>
ADDENDA <Act No. 19492, Jun. 20, 2023>