The Korea Racing Authority has announced the appointment of a new Chairman. Hyun Myung Kwan will be inaugurated for a three-year term at Seoul Racecourse on Thursday.

Hyun Myung Kwan (KRA)

A native of Jeju Island, the 72-year-old Hyun began his working life in the 1960’s as a civil servant at the Board of Audit and Inspection but has spent most of his career at Samsung.

He eventually rose to become Chairman of Samsung C&T and was a close aide of Samsung Group Chairman Lee Kun Hee.

More recently, Hyun also worked on President Park Geun Hye’s election campaign.

He succeeds outgoing Chairman Jang Tae Pyeong and his term will expire in December 2016.

His thoughts on who will win next week’s Grand Prix Stakes are, as yet, unknown. No doubt he is studying the form right now.