But Chung stopped short of supporting a possible vote of no-confidence in Blatter for now.
ISL-ISMM, FIFA’s marketing agents since 1982, were declared bankrupt last month with debts believed to be in the region of $300 million.
UEFA, European soccer’s governing body, gave an ultimatum last month to Blatter.
European chiefs warned that unless he gave a “totally transparent” explanation of FIFA’s involvement with the company, they would consider calling for a vote of no-confidence in his presidency at FIFA’s extraordinary congress in Buenos Aires in July.
Chung, considered to be a possible candidate to challenge Blatter for the presidency when his four-year term ends next year, urged Blatter to reveal the details of FIFA’s involvement with ISL next week to FIFA’s executive committee.
“I expect that at the extraordinary meeting of the FIFA executive committee of June 12, Mr Blatter will release all the information into the ISL bankruptcy and I will urge him accordingly to do so.
“It is premature for me to talk now about supporting a vote of no-confidence in the president.”
However, Chung, one of the most important men in world soccer and a FIFA vice-president for the last seven years, did not shy away from the damage inflicted by ISL’s collapse.
Asked whether FIFA could help bail out JAWOC, the Japanese organising committee for the 2002 World Cup finals who are experiencing financial difficulties, Chung said FIFA could not help.
“As you know, the biggest financial source for KOWOC and JAWOC (the organising committees in Korea and Japan) is first ticketing, and second, $100m in subsidies from FIFA.
“Fortunately KOWOC is not facing the same kind of problems. But I understand JAWOC has requested FIFA to make an advance payment for this subsidy money.
“Because of the ISL problem recently, FIFA does not have the capability of making an advance payment, or will be able to do so in the near future.”
CATALYST TO HARMONY
In a speech to journalists at the Foreign Correspondents’ Club in Tokyo, Chung spoke about the positive aspects of co-hosting between Japan and South Korea and his hopes that the first Asian World Cup and the first World Cup of the 21st century would act as a catalyst for promoting harmony in Asia.
But he also repeated his call for better transportation links between Korea and Japan during the World Cup.
“Currently there are 41 flights a week between Japan and Korea and this is not enough. Although this number is expected to double by next year, it will not be sufficient to handle the World Cup traffic,” he said.
He added that 400,000 fans might want to travel between the two countries during the finals and that regional airports should be utilised to provide extra flights.