Hong Myung-bo, a former manager of the Korean national football team, signed a two-year contract on Wednesday to manage Chinese club Hangzhou Greentown FC starting next year.
The club did not reveal details of the contract, but Chinese media have speculated that Hong’s annual salary would be around US$1.5 million (US$1=W1,180).
The mid-to-bottom level club in the Chinese Super League has brought out a number of good players, nurturing many promising talents.
With the deal, Hong joins two other Koreans managing Chinese Super League teams: Park Tae-ha of Yangbian Changbaishan and Chang Woe-ryong of Chongqing Lifan.
“It will be my first time managing a club side. Hangzhou Greentown want me to focus on nurturing young players, rather than trying to yield immediate success in rankings or good scores,” Hong told reporters at Incheon International Airport upon his return to Korea on Thursday.
Hong, who has organized charity matches and football clinics to nurture young players over the last 10 years, will meet fans again this year at a charity match at a stadium in Seoul on Dec. 27.
Source: The Chosunilbo