Hong Myung-bo has reportedly resigned from his position as South Korea’s head coach with immediate effect.The decision comes less than 24 hours after their World Cup exit was officially confirmed.South Korea have failed to advance into the World Cup knockouts for the third time in the last four editionsAFPSouth Korea, who reached the semi-finals when they co-hosted the tournament in 2002, kicked off their campaign with a comeback 2-1 win over Czech Republic.But they followed that up with defeats to Mexico and South Africa in Group A.It left them with the agonising wait as to whether they would qualify as one of the eight best third-placed teams, which they failed to achieve.As a result, Korean news outlet – Yonhap News Agency – have announced that Hong has immediately resigned.The 57-year-old, who has been in charge of the national team since 2024, has been contracted through to the 2027 Asian Football Confederation Asian Cup, which runs from January to February.Such is the anger from Korean fans over their disappointing showing in North America, the Korean Broadcasting System (KBS) blurred Hong’s face from his post-match press conference following the loss to South Africa.Meanwhile, the country’s president Lee Jae Myung has demanded an investigation into their World Cup exit.What did the South Korea president say about their World Cup exit?In a lengthy statement issued on X, he said: “I am not just taken aback by this unexpected outcome – I am utterly baffled.”Before adding: “Given that significant national taxpayer funds and state support resources are invested even in World Cup participation, I ask that the Ministry of Culture, Sports and Tourism thoroughly investigate the precise circumstances of this incident, analyse its causes, and develop thorough measures for preventing recurrence and improvement.“We will swiftly push forward with reforms to sports administration to ensure such a thing never happens again.”View Tweet: https://x.com/hashtag/Cor%C3%A9e?src=hash&ref_src=twsrc%5EtfwMore to follow…