Korea Racing Authority Signs MOU with Mongolia's 'World Horse Day Foundation'

*This content was translated by AI.

On the 9th, the Korea Racing Authority signed a Memorandum of Understanding (MOU) on cooperation in horse culture and the horse industry with Mongolia's World Horse Day Foundation at the '2026 Korea-Mongolia Business Forum' held in Ulaanbaatar, Mongolia.

The agreement was reached as part of an economic delegation dispatched by the Federation of Korean Industries and KOTRA. The Korea Racing Authority was selected for the delegation in its capacity as an institutional investor representing the domestic horse industry and visited Mongolia.

Kim Jeong-kwan Woo Hui-jong (Chairman) and Naranbadrakh Batkhuu, founder of the World Horse Day Foundation, agreed through the MOU to encourage exchange activities related to the horse industry, including in horse culture, personnel, and veterinary fields, and to support the establishment of a cooperative network for the development of the horse industry and horse racing between the two countries.

The World Horse Day Foundation is Mongolia's leading institutional investor promoting 'World Horse Day,' an international commemorative day designated by the United Nations last year. The UN General Assembly adopted a resolution proposed by Mongolia during its 79th session on June 3, 2025, declaring July 11 of each year as World Horse Day.

Woo Hui-jong (Chairman) stated, "Horses have walked alongside humanity for thousands of years," and added, "Through this agreement process, we confirmed that despite differences in borders and languages, the sentiment toward horses remains the same. The two countries will work together to find a path to fully pass on the value of horses to future generations."

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*This content was translated by AI.