한국마사회, or the Korea Racing Authority, is a government-affiliated organization responsible for overseeing horse racing in South Korea. Established in 1920, it manages various aspects of the horse racing industry, including the operation of racetracks, breeding programs, and betting systems. The authority aims to promote the development of the horse racing sector while ensuring fair and transparent practices. It also focuses on enhancing the welfare of horses and supporting the local economy through events and tourism related to horse racing.