Changwon Leisure Sports Park Hosts Nighttime Bicycle Racing... Local Fiscal Revenue Enhancement

Leap to a Filial Public Enterprise, Expansion of Nationwide Cross-Country Races

Gyeongnam Changwon Leisure Sports Park is set to become a key public enterprise contributing to local fiscal expansion through increased revenue from the Keirin business.

To this end, the Leisure Sports Park has agreed to discuss specific matters with the Keirin Business Operators' Council, composed of three implementing bodies including the Korea Sports Promotion Foundation and Busan Spo1, such as ▲expanding nationwide cross-races ▲adjusting online sales profits ▲allocating total Keirin business sales ▲holding summer night Keirin races and event Keirin races.

Lee Hoguk, Director of Changwon Leisure Sports Park in Gyeongnam, is giving a briefing.

In particular, the Leisure Sports Park plans to focus all efforts on early implementation of summer night Keirin races by expanding the number of races and adjusting race times to nighttime through multilateral consultations between the Ministry of Culture, Sports and Tourism and the Keirin Business Operators' Council.

Last year, the Leisure Sports Park held night Keirin races for eight weeks, securing additional sales of 11.1 billion KRW and 700 million KRW in local taxes.

Additionally, during the Lunar New Year and Chuseok holiday periods, it will hold Keirin races twice a week, and during holidays such as Labor Day, Hangul Day, and Christmas that fall on Mondays, it will hold Keirin races four times a week to provide citizens with enjoyable events and attractions while making every effort to increase local tax revenue.

Director Lee Hoguk said, “We will do our best to become a key public enterprise by increasing local tax revenue,” adding, “We aim to be a public enterprise that brings joy to citizens.”

Through the Keirin business in 2022, the Leisure Sports Park generated a total of 29.2 billion KRW in taxes, including 18.2 billion KRW in leisure tax, 7.3 billion KRW in local education tax, and 3.7 billion KRW in special rural tax, and since its establishment in 2000, it has contributed to local finances by generating over 1 trillion KRW in tax revenue.