South Korean Race Wagering
Following the establishment of the KRA, many changes have taken place, including the computerization of the pari-mutuel system, the construction of new racecourses in Gwacheon and Jeju, the opening of off-course betting centers and the new grandstand of Seoul Racecourse.
As with other countries, Korean racing is facing difficult challenges from competitors such as the casino industry. This competition, along with a sluggish economy, has seen a decline in revenue.
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