Horse racing in the 1920s?
It was in 1920s that "Modern Horse Racing" involving a betting
system made its debut. In 1922, the Chosun Racing Club, the
nation's first-ever authorized horse racing club, was established
to make horse racing more systematic and better organized. In 1923,
the pari-mutuel betting system was officially adopted for the first
time in Korea. The Sinseol-dong racecourse opened in 1928 and
incorporated racing clubs were allowed to have their own
racecourses.