It began in 2005 as the marquee race of the season at the then brand new Busan track.
It was run in September, wasn’t called the KRA Cup Mile and wasn’t restricted to Korean-bred 3-year-olds. The race was won by US bred Siseon Jeap (Precise End).
The following year, the race was renamed as the KRA Chairman’s race and was run over the Korean Derby distance of 9 furlongs. Another US import Golding (Gold Alert), who went on to become a stalwart of the track all the way up until 2011 took the honours.
In 2007, the race moved to June and back in distance to a mile and was given the name KRA Cup Mile. In a memorable race, Australian jockey Garry Baker rode the 6-year-old mare Luna (Concept Win) to victory. Luna, who had broken down aged 2 and was never expected to race again, would later have her story (very) loosely made into a movie.
That year, J.S.Hold had won all three legs of the Triple Crown. However, he only faced Seoul horses and the first leg had been the Ttukseom Cup. In 2008, with the Busan track coming of age, for the first time runners from both Seoul and Busan would be eligible for the Triple Crown races and it was decided that the KRA Cup Mile was the ideal first leg – a Korean 2000 Guineas.