Tycoon contributes $3.5m to hire a new mentor for S Korea
>> SEOUL: Hyundai scion Chung MongGyu has handed over US$3.5 million of his own money to hire South Korea’s new football coach, in an outlandish attempt to turn the team’s fortunes around.
Chung, president of the Korea Football Association (KFA), donated the four billion won after South Korea failed to reach the knock-out rounds at the World Cup in Russia.
“He expressed hope that it would help pay the salary of a competent foreign coach,” a KFA official said.
“We have contacted candidates and talked about possible contract terms, but it will take a while to appoint a new coach,” he added, without elaborating.
The 2002 semi-finalists lost to Sweden and Mexico to exit the World Cup at the group stage, despite stunning Germany in their final game.
Candidates to replace coach Shin Tae-Yong, whose contract expired this week, reportedly include Iran’s Carlos Queiroz, Juan Carlos Osorio, who led Mexico at the World Cup, and Zlatko Dalic, who took Croatia to the final.
South Korea’s next major assignment at full international level is January’s Asian Cup, where they were runners-up to Australia at the last edition in 2015.
Chung, 56, the son of Hyundai Group founder Chung Ju-Yung, has an estimated personal fortune of more than $1 billion, according to Forbes.
ARGENTINA NAME COACH
Argentina have named current under17 coach Lionel Scaloni as interim boss for upcoming friendlies against Guatemala and Colombia.
Scaloni, a former right back who also helped as assistant coach with the national side, replaces Jorge Sampaoli, who stood down last month after a disappointing World Cup in which Argentina were eliminated by France 4-3 in the round of 16.
“Lionel Scaloni will coach the future friendlies along with his assistants Pablo Aimar and Martin Tocalli,” the Argentine Football Association (AFA) said.
AFA president Claudio Tapia said the body will take its time to appoint a permanent coach.