Korea Racing Authority Chairman Lee Yang Ho has formally stepped down from his position after a year at the helm of the nation’s sole racing authority.
Outgoing Chairman Lee Yang Ho bids farewell to KRA staff following a leaving ceremony at Seoul Racecourse on Wednesday (Pic: KRA)
Lee, a career civil servant in the Ministry of Agriculture and Rural Development Administration prior to being appointed to the top job at the KRA, is reported to be leaving in order to run for political office having been nominated as a candidate for the upcoming Mayoral election in his home city of Gumi, North Gyeongsang Province.
Since Lee made his decision known in November, Korean media have reported that his replacement is likely to be Kim Nak Soon, a former National Assembly member.
The Korea Racing Authority has its 35th Chairman as Lee Yang Ho was inaugurated at a ceremony at Seoul Racecourse on Wednesday morning.
New KRA Chairman Lee Yang Ho speaks at his inauguration ceremony on Wednesday (Pic: KRA)
Lee replaces Hyung Myung Kwan, who left the Authority earlier this month. As is normal in the public sector in Korea, Lee, whose appointment was approved by the Presidential Office at the end of last week, was an external candidate.
Lee Yang Ho was born in Gumi in North Gyeongsang Province in 1959 and graduated from Yeongnam University in 1982. He completed a Masters degree at the Asian Institute of Technology in Thailand in 1992. A career civil servant, Lee has spent the vast majority of his working life in the Ministry of Agriculture, the branch of government under which the KRA is administered, rising to a senior position.
Lee, who speaks good English, has been appointed to run the Racing Authority for a three-year term.
The big screen at Seoul Racecourse welcomes Lee Yang Ho’s appointment on Wednesday (Pic: Jo Kim)