Korean Exercise Equipment Simulates Horse Riding – Or Something Else? [Video]

So, I stumbled across this Korean infomercial on YouTube today, and I couldn't stop watching it. From what I can understand from the images being shown, this piece of exercise equipment is supposed to simulate riding a horse, and help tone your core. But, if you watch the video, it seems that it actually simulates something else... See what I mean after the jump.

Now, I don't speak Korean, so I have no idea what they're saying, but I'm sure they're telling you about how great of a workout riding a horse is. And that this piece of machinery is cheaper than a horse. But, it seems that you could probably do something else, with the same movements, and get the same result. And it would probably be more fun.