Korea has joined the bid for the 2022 World Cup with former foreign minister Han Seung-joo named as the chairman of the bid committee.
Korea has joined in the final rush of countries hoping to host the event. Australia, Indonesia, Japan, Mexico, the Netherlands-Belgium, Russia, Spain-Portugal and the U.S. have filed to host both the 2018 and 2022 World Cups while Qatar and Korea bid for 2022 only.
Right now the United States is viewed as a top candidate for 2022, but Han and members of the committee plan to change all that. Korea hosted the 2002 World Cup jointly with Japan and this time will bid for the sole hosting rights.
A little more from the LA Times:
The U.S., Australia, England, Indonesia, Japan, Mexico and Russia have formally declared their desire to host the World Cup in either 2018 or 2022. The Netherlands-Belgium and Portugal-Spain have each submitted shared bids for both those tournaments. And South Korea and Qatar have also applied as candidates to host only the 2022 World Cup.
I'll let soccer fans chime in here with more details, but if I'm not mistaken, the Korean fans' enthusiasm for their national team aside, attendance and interest was poor both here and Japan. Korea came away with tons of new stadiums, yet they sit mostly unused today. I guess they'll need another World Cup to justify building so many World Cup Stadiums.