Korean national football team manager Hong Myung-bo announced his resignation from the job on Thursday morning despite a vote of confidence form by the Korea Football Association a week earlier.
Hong was fiercely criticized for the team’s abysmal performance in the 2014 World Cup in Brazil.
Hong has led the national team for just a year. But Korea finished at the bottom of Group H with two losses and one draw, failing to score a single win in the World Cup.
Hong told reporters he wants to resign as he is responsible for the poor results in the World Cup and due to another recent public uproar surrounding alleged real estate speculation.
He was to keep his position until the 2015 Asian Cup.
What tipped the scales in the end were reports that Hong bought a plot of land in Seongnam, Gyeonggi Province just ahead of the quadrennial event, and that he took part in a boisterous drinking party with players in Brazil late last month after Korea failed to advance the next round.