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The number of relay races will be increased by 110 and the leisure tax reduction rate will be raised to 27 percent. The Korea Racing Authority http://horsesite77.com (Chairman Seoung-gwan) and Jeju Special Self-Governing Province (Governor Won Hee-ryong) signed the third agreement on the development of the horse industry. Instead of increasing the number of relay races in Jeju to 430 next year, http://horsesite77.com they decided to raise the leisure tax reduction rate on sales of relay races to 27 percent. In particular, the government will also form a "Jeju Horse Industry Council" (tentative name) to protect and foster the Jeju horse industry. http://horsesite77.com The agreement on the development of the horse industry aims to develop the Jeju horse industry and further lead the national horse industry by establishing a mutual cooperation and cooperation system between Jeju, the home of horses, http://horsesite77.com and the Korea Horse Association, an agency dedicated to the domestic horse industry. Since its first signing in January 2010, it has signed two business agreements and has been