Breaking
CNChina U20 Women's Football World Cup 1/8 finals lost to Italy on penalty kick and missed the quarterfinalsCNThe Taiwanese delegation was hit with graffiti at the Nagoya Asian Games relay station, and the police launched an investigationTRTwo-Vehicle Traffic Accident in Istanbul: 9 Injured, 2 of them SeriousDEUS Congress passes law for Russia sanctionsCNU.S. Treasury Secretary Bessent accuses China of turning its Belt and Road Initiative into a debt collection operationCNGuangzhou Baiyun Airport Ranks 19th in Global Megahubs 2026 Report After Terminal ExpansionCNOkinawa elects conservative governor who accepts US base relocation, ending 12 years of anti-base politicsUSStreamers Unveil Horror Series at TIFF, Signaling October Streaming BoomITCuba launches 'Criterio Compartido', a new Radio Rebelde program to discuss the economic crisisKRNorth Korea, Russia additional troop deployments within the civilian training facility modernization situation captureCNChina U20 Women's Football World Cup 1/8 finals lost to Italy on penalty kick and missed the quarterfinalsCNThe Taiwanese delegation was hit with graffiti at the Nagoya Asian Games relay station, and the police launched an investigationTRTwo-Vehicle Traffic Accident in Istanbul: 9 Injured, 2 of them SeriousDEUS Congress passes law for Russia sanctionsCNU.S. Treasury Secretary Bessent accuses China of turning its Belt and Road Initiative into a debt collection operationCNGuangzhou Baiyun Airport Ranks 19th in Global Megahubs 2026 Report After Terminal ExpansionCNOkinawa elects conservative governor who accepts US base relocation, ending 12 years of anti-base politicsUSStreamers Unveil Horror Series at TIFF, Signaling October Streaming BoomITCuba launches 'Criterio Compartido', a new Radio Rebelde program to discuss the economic crisisKRNorth Korea, Russia additional troop deployments within the civilian training facility modernization situation capture
BackIcheon City, Janghowon-eup Resident Promotion Committee formed... Enthusiasm for attracting horse racing parks rises
Icheon City, Janghowon-eup Resident Promotion Committee formed... Enthusiasm for attracting horse racing parks rises
Developing
연합뉴스50 minutes agoBusiness3 min readSouth KoreaView original

Icheon City, Janghowon-eup Resident Promotion Committee formed... Enthusiasm for attracting horse racing parks rises

Quick Look

  • As Icheon City officially steps forward to host the headquarters of the Korea Racing Authority and a horse racing park, enthusiasm for the bid is growing, with residents of towns and villages, including Janghowon-eup, voluntarily forming a promotion committee and holding a signature campaign.
  • The city expects to increase annual revenue by approximately 49 billion won and create more than 3,000 jobs upon hosting, and is touting the horse industry infrastructure as its strength.

AI-generated summary

Why It Matters

Icheon City has already been designated as a special horse industry zone, and about 470 horses are raised at 26 farms within the jurisdiction, and a horse-specialized veterinary hospital treats about 5,600 horses annually. There are many horse riding centers in operation, so the horse industry infrastructure is solid.

Font size

Janghowon-eup Resident Promotion Committee formed... Hobeop-myeon and Bubal-eup also announced their intention to host

(Icheon = Yonhap News) Reporter Gwang-ho Kim = As the city of Icheon, Gyeonggi-do, enters the race to attract the headquarters of the Korea Racing Authority and a horse racing park, enthusiasm for the bid is heating up, with residents of towns and villages in the jurisdiction, including Janghowon-eup, voluntarily forming a promotion committee and starting a signature campaign.

According to Icheon City on the 17th, after the city formalized its push to attract a horse racing park on the 8th, in a survey of interest in hosting it for town and township areas, residents of Bubal-eup, Sindun-myeon, Hobeop-myeon, and Yul-myeon, following Janghowon-eup, expressed their intention to host the park.

In particular, Janghowon-eup has already formed a resident promotion committee after a meeting to collect residents' opinions, and submitted the first signature form of about 4,000 residents to the city. Sindun-myeon and Hobeop-myeon are also preparing to submit bids.

The reason the city and residents rolled up their sleeves to attract a horse racing park is because of the enormous ripple effect on the local economy.

If the city hosts a horse racing park and the headquarters of the racing association, it expects to increase annual revenue by about 49 billion won, including about 6.3 billion won in leisure tax collection grants.

In addition, a work base for a total of 3,000 people, including racing association officials, racecourse officials, and partner company officials, will be created, and many new jobs are expected to be created through priority hiring of local residents in areas such as facility management, security, beautification, and food and beverage sales.

In addition, with the influx of more than 2 million visitors annually, local consumption such as accommodation, food, and transportation is expected to increase significantly, as well as horse experiences and various events and performances 365 days a year.

In addition, the effect of easing local regulations is expected through attracting large-scale public projects.

Icheon City's biggest strength is its solid 'horse industry infrastructure.'

Icheon has already been designated as a special horse industry zone, and 26 farms within the jurisdiction are raising about 470 horses, about 10% of the national horse population. Another strength is that the horse-specialized veterinary hospital treats about 5,600 horses annually and operates many horseback riding ranges.

Previously, Icheon City formalized its attraction activities on the 8th, saying, "If we attract the headquarters of the Korea Racing Association and the horse racing park, it will become a new growth engine for the local economy."

Icheon Mayor Seong Soo-seok said, “Based on the earnest wishes of citizens, the horse industry infrastructure that Icheon City has, and the excellent metropolitan transportation network, we will do our best to successfully attract the Korea Racing Association and the horse racing park so that it can become a future industry that will be responsible for the next 100 years of Icheon City.”

What to Watch

AI outlook — possibilities, not facts

  • Icheon City will submit an official proposal to the Korea Racing Authority to host a horse racing park.

    Likely · Within weeks

  • The scale of signature participation by residents of towns and villages, including Janghowon-eup, will further expand.

    Likely · Within weeks

Open Questions

  • What will be the competitive structure with other local governments in the race to host a horse racing park?
  • How different will the actual scale of revenue expansion and number of jobs created upon attraction differ from expectations?
  • What are the specific percentages of residents in favor of and against the attraction?

Related Topics

This article was originally published by 연합뉴스.

Related Stories

Cheorwon-gun promotes rural housing improvement project in the second half of the year... Building 7 selected and low-interest loan provided
Developing·

Cheorwon-gun promotes rural housing improvement project in the second half of the year... Building 7 selected and low-interest loan provided

Cheorwon-gun announced that it will promote a rural housing improvement project in the second half of the year to improve underdeveloped rural housing culture and encourage city residents to return to farming and rural areas. A total of 7 buildings will be selected to receive 2% low-interest loans and acquisition tax exemption of up to KRW 250 million for new construction, renovation, and redevelopment, and up to KRW 150 million for expansion, major repairs, and remodeling. Young people under 40 can receive a 1.5% fixed-interest loan. Applications will be accepted by the Housing Team of the County Office Civil Service and Permit Department until the 30th of this month.

연합뉴스
2 min read
Hyosung Heavy Industries unveils core equipment for HVDC localization demonstration project at the 2026 Korea Energy Expo
Developing·

Hyosung Heavy Industries unveils core equipment for HVDC localization demonstration project at the 2026 Korea Energy Expo

Hyosung Heavy Industries participated in the '2026 Korea Energy Expo' held at BEXCO in Busan and unveiled core HVDC equipment, including valves and controllers, that were selected for Korea Electric Power Corporation's large-capacity voltage-type HVDC localization and demonstration project. Hyosung Heavy Industries performs power conversion and system protection through converter valves and controllers developed with its own technology, and has continued to localize and demonstrate core technologies since the Jeju demonstration project in 2012.

연합뉴스
2 min read
Enhance attracts Series C investment of 51.2 billion won... Achieved cumulative KRW 81 billion
Developing·

Enhance attracts Series C investment of 51.2 billion won... Achieved cumulative KRW 81 billion

Enhance announced on the 17th that it had attracted KRW 51.2 billion in Series C investment jointly led by Timefolio Asset Management and Stone Bridge Ventures, reaching a cumulative investment of KRW 81 billion. IMM Investment and Stick Ventures participated as new investors, and POSCO Technology Investment, LG CNS, and Lotte Ventures also joined as strategic investors. Enhance plans to use this investment to advance Agent OS's data, process, and execution infrastructure and expand its global business.

연합뉴스
2 min read
More on this topicIcheon city