KRA has been contributing to the national finances for the central and local governments by paying national and local taxes with 16% of its gross turnover fro horse racing operations.
Reserve Fund for Specific Purposes
KRA operates the Reserve Fund for Specific Purposes, which accounts for 70% of its yearly profit, to carry out its social responsibility as a public corporation. The reserve fund is mainly used as financial resources for promoting the growth of the livestock industry and the welfare of the farming and fishing villages.
KRA sets up and operates donation funds within its self-budget every year to support the disadvantaged people in remote fishing and agrarian villages. KRA's Social Public Welfare Donation Fund(approximately KRW10 billion) is used as precious financial resources for various purposes, such as for the support of public welfare projects in fishing and agrarian villages, needy neighbors, welfare of local communities, and unpopular sports.
Activities for rural and fishery communities
The volunteer group, KRA Angels learns the value of the soil and the importance of sweat through volunteer activities in fishing and agrarian villages. The group maintains continuous exchanges by visiting KRA's sister villages based on the sisterhood program called "One-Company, One-Village Affiliation," and carries out KRA's exclusive activities, such as taking pictures of centenarians, while touring the whole country. KRA has been exerting tireless efforts to find a way for the urban and rural people to co-exist.
Welfare and public service
In its establishment of sisterhood ties with 21 social-welfare facilities for the purpose of conducting sustainable public-service activities, KRA takes the lead in showing its warm affection for its distant neighbors. The various love-sharing events led by KRA Angels are the representative volunteer activities of KRA.
KRA Angels Fund
KRA is operating this fund to contribute to the society by providing opportunities for the organization's executives and staff to participate in financial support activities. KRA provides an amount equivalent to the reserve fund for the KRA Angels to be spent for volunteer activities.
Free admission to major facilities
All the facilities of KRA are open to the public(including the local residents) free of charge throughout the year. The facilities include three Race Parks built as family theme parks, racehorse stud farms that are vividly alive with the refreshing breath of nature, and KRA Plazas as cultural spaces for the local communities.
Hands-on horse prgrams
Besides horse racing, KRA operates various socially beneficial projects related with horses, to strengthen the horse industry and to create new horse cultures. KRA is carrying out various projects, such as the all-Korean-horse riding campaign, the visiting riding schools, and rehabilitation riding for disabled children, as part of KRA's "Support Life with Horse Riding" Program.
Various cultural programs
KRA operates various cultural programs for the purpose of expanding the country's horse culture and stimulating its regional cultures. KRA is also exerting its utmost efforts to communicate with more people by holding many cultural festivals and operating permanent cultural spaces in race parks as well as KRA Plazas' cultural centers.
Gyeongmagongwon-daero 107, Gwacheon-si, Gyeonggi-do, Korea(13822) TEL : 82-2-509-1220∼1223FAX : 82-2-509-1219e-mail
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