History of Ferrari headquarters in Modena. The Scuderia bought, prepared and fielded racing cars for gentleman drivers. It rapidly became a technical-racing outpost of Alfa Romeo and effectively took over as its official racing department in 1933 when Alfa Romeo withdrew its in-house racing team. The Scuderia was then supplied with Alfa Romeo P3 "monopostos" and fielded many famous drivers such as Tazio Nuvolari and Achille Varzi. The Ferrari's "monopostos" were now sporting the Prancing Horse shield on the engine cover. In 1935 the Ferrari's workshop designed and built its first race car, the Alfa Romeo Bimotore, taking the first steps on the
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