First Foreign Owners Active At Jeju Sale

Some of the newly licensed foreign owners were active at the Jeju Two-Year-Old sale last week, the first such sale since foreign ownership of racehorses in Korea was approved.

The sale-topping Vicar colt in the ring (Pic: Headline Jeju)

The sale-topping Vicar colt in the ring (Pic: Headline Jeju)

Katsumi Yoshida and Shunsuke Yoshida of Japan’s Northern Farm bought a number of horses. A Sharp Humor colt out of Hongsangeo (Jet Spur) was the most expensive purchase for Katsumi, who will run his horses at Seoul, while a Pico Central colt out of Like A Woman (Rahy) was the standout purchase of Shunsuke, who will race his at Busan.

Macau Jockey Club Chief Executive Thomas Li also snapped up a Sharp Humor colt out of Sharp Eyed (Danzero).

Dr. Joe Dallao was busy too taking home a half-sister to 2008 Ttukseom Cup winner Namchonuijijon. The Whywhywhy filly is out of Intriga (Lord At Law). Other foreign buyers active at the sale were Eric Koh and Shigeo Kadono.

In total, 63 horses were sold in the ring with an average purchase price of KRW 46 Million. The highest priced fetched was KRW 164 Million for a Vicar colt out of Prize Top (Concept Win). That was paid by Nasca, a Korean company who already own 11 horses at Seoul.

Korean racing media last weekend reported that a small number of foreign owners have completed registration for ownership in Korea. They include Barry Irwin of Team Valor and Dr. Kendall Hansen, whose most famous horse, the eponymous Hansen, already stands at stud on Jeju Island. Arthur Inglis of Australia is also among those newly licensed.

Foreign owners will be required to own four Korean bred horses for each foreign bred horse they import to Korea. There is also a restriction on the total number of new foreign bred horses that can join each racecourse in a single year; 160 at Seoul and 120 at Busan.

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