"I plan to form a new party with politiians who share my view that politics shoud reflect what the public wants and look to the future and not be obsessed with the past," Chung said.
Chung's popularity has risen to new levels since South Korea reached the semi-finals of the World Cup.
As a vociferous critic of FIFA president Sepp Blatter, Chung may have been under pressure to leave. During the recent FIFA election campaign, Chung told delegates that FIFA was in crisis:
"FIFA is seriously divided, we now have a serious organisational crisis and our pride is damaged. The concerned members of the executive committee tried to clarify all these problems through the internal audit, which was suspended by the president in March and he (Blatter) has not provided an explanation why."
"Can we really transform ourselves, can we really transform FIFA to win back the respect of football fans worldwide? I hope we all realise how important this congress is for the future of world football."
