Koreans to elect new K-League chairman
Reuters - Wednesday 26 January 2011, 03:43
SEOUL, Jan 26 (Reuters) - South Korean football's K-League is
expected to formally elect Chung Mong-gyu its new chief on
Thursday after the chairman of construction firm Hyundai
Development Co. was nominated to the post.
The 49-year-old is also owner of K-League side Busan I'Park
- one of 16 top-flight clubs.
If approved, Chung would replace Kwak Chung-hwan, who
stepped down earlier this month with one year left of his term
saying he was taking responsibility for declining attendance and
television ratings and for lacklustre corporate interest in the
league, state news agency Yonhap reported.
Following Kwak's resignation, five K-League officials formed
a committee to seek his replacement and nominated Chung.
The committee, which included club presidents and general
managers, said Chung had agreed to take the helm and plans to
present ideas to improve the K-League.
K-League chairmen serve three years in their first term and
can be re-elected.