Jangsu

Round-Up: Blue Chipper & Tiz Plan Beaten, Jangsu Sales Results, 2020 Losses, Jeju Selections for Friday May 7

Both Blue Chipper and Tiz Plan met their matches at Busan and Seoul last weekend. While both were beaten by good horses, it was more the weight advantage they were giving away that saw the two (literal) heavyweights trail home 2nd in their respective features on Sunday.

With minimal income entering into the industry for more than a year now, there are currently no Listed or Stakes races races for the top horses to compete in. That means they need to take part in handicaps where they will, naturally be giving a lot of weight away. Blue Chipper conceded 9kg to the up and coming Doctor Carson (Hansen), who continued to burnish his reputation as he defeated the champion by a length over 1200M

It was a similar story at Seoul for Tiz Plan. He too was game but was unable to match the finish of Brigadier General (Tapit), an Australian-bred five-year-old, who came past him in the closing stages to score by three-quarters of a length. Both Blue Chipper and Tiz Plan received 2nd place prize money of 15 Million Won ((US$13,317), a far cry from what they would have expected to have been competing for in normal times.

The grim state of affairs was apparent Jangsu Breeze-up sale last week, one of the main Juvenile sales to take place on the mainland, where business was sluggish. Just thirteen of the fifty-three lots offered reached the minimum reserve price of 10 Million Won. Overall it was a slight improvement on last year but well down on the same sale two years ago in terms of numbers sold and in average price, with purchasers uncertain if and when their horses will ever be able to run.

The Testa Matta colt (Pic from screengrab of the sale feed)

The sale-topper was a colt by Testa Matta and out of the Giant’s Causeway mare Coulis De Fraises., bred by Nokwon Farm and bought for 60 Million Won by owner Park Cheol-geun. He fetched almost double the next best, an Old Fashioned filly out of Revereduction (by Revere).

Meanwhile, local media has been reporting that financial figures for Korean “Public” (i.e. government run) companies for 2020 are out and they are, to put it mildly, not good. The Korea Racing Authority swung from a 144.9 Billion Won (US$128.8 Million) profit in 2019 to a 436.8 Billion Korean (US$338.3 Million) loss in 2020 caused by a total collapse in wagering revenue after February. The loss surpassed that even of the Incheon Airport Corporation whose own Covid crisis saw a loss of 423 Billion Won last year.

Racing has been kept going at reduced prize money levels by using “Emergency Reserve” funds, However, local media has reported that these will be finally exhausted in July. Barring something unexpected happening, there seems little prospect on restrictions on attendance at the racecourses and off track betting sites being lifted to an extent that would allow a break-even point to be reached any time soon so it appears the only hope of saving the industry in any recognizable form lies in the legalization of online sales of betting tickets.

Racing continues though so let’s turn attention to the weekend where we will have the same schedule as recent weeks. Jeju will run a pony race meeting on Friday while Seoul and Busan will run thoroughbred-meets on both Saturday and Sunday. The only betting outlets open will be those in Jeju, Daegu, Gwangju, Changwon and Cheonan (advance reservation by My Card app required). Here are some selections for Friday’s Jeju Pony meeting:

Race 1: 7, 6, 2, 8

Race 2: 3, 8, 1, 4

Race 3: 5, 3, 9, 10

Race 4: 9, 6, 2, 4

Race 5: 8, 4, 7, 6

Race 6: 7, 2, 3, 9

Race 7: 7, 1, 12, 8

Race 8: 2, 11, 4, 8

Race 9: 7, 3, 8, 5

Race 10: 12, 3, 9, 2

Race 11: 12, 2, 3, 5

Race 12: 7, 1, 10, 9