Scuderia Ferrari initially based in Modena from its pre-war founding until 1943, when Enzo Ferrari moved the team to a new factory in Maranello in 1943, and both Scuderia Ferrari and Ferrari's roadcar factory remain at Maranello to this day. The team owns and operates a test track on the same site, the Fiorano Circuit built in 1972, which is used for testing road and race cars. The team is named after its founder, Enzo Ferrari. "Scuderia" is Italian for a stable reserved for racing horses and is also commonly applied to Italian motor racing teams. The prancing horse was the symbol
Horse racing wasn't until the 1920s that modern horse racing involving betting developed. The nation's first authorised club, the Chosun Racing Club, was established in 1922 and a year later, the pari-mutuel betting system was officially adopted for the first time. The Korean War disrupted the development of horse racing in the country, but after the Seoul Olympics in 1988, the Olympic Equestrian Park was converted into racing facilities named Seoul Race Park, which helped the sport to develop again. The big race in the UAE is the Dubai World Cup, a race with a purse of US$10 million, which was the