The KFA said Kim and his committee will evaluate Shin's performance at the World Cup on Thursday. It added that Kim will soon create shortlist of the candidates.

With Shin at the helm, South Korea posted a win and two losses to suffer a group stage elimination at the World Cup in Russia.

South Korea opened the tournament with a 1-0 loss to Sweden and then a 2-1 defeat to Mexico, putting  Shin in hot water. He bounced back, however, by stunning the defending champions Germany 2-0 in the final group match.

Following the review of Shin's performance in Russia, Kim said the World Cup was "neither a success nor a failure" for South Korea. In this regards, Kim insisted that Shin will be at the same starting line as everyone else, saying, "Just because we didn't renew his contract (at this point), it doesn't mean we didn't give him a vote of confidence."

Before leaving the country, Kim said that the KFA has shortlisted "fewer than 10 candidates" for the position and hopes to finalize the process before friendly matches in September.

Speculation has been rising over South Korea's selection for the new coach, with local media releasing reports with names like Luiz Felipe Scolari, who led Brazil to victory in the 2002 World Cup, and Vahid Halilhodzic, former Japan head coach. The KFA, however, denied approaching these coaches, asking for the local press' cooperation in not releasing speculative reports.

Kim did mention criteria for the coach selection. He said that South Korea will try to find a coach who can meet the quality of the country's national team that has reached the World Cup finals nine consecutive times.

"We hope we can have a coach who has experience of World Cup qualification, winning a continental tournament and holding a trophy in top-class leagues," Kim said at a press conference earlier this month. "We also need a coach who can meet our football philosophy."

Pundits said that South Korea will have to bring in a coach -- whether local or foreign -- who can create a legacy and add assets for South Korean football like Guus Hiddink did in 2002.

South Korea reached the 2002 World Cup semifinals under Hiddink, the best performance by an Asian country in the tournament's history.

"We had success with Hiddink at the 2002 World Cup, but his training methods and tactics helped South Korean football even after he left our national team," said Hahn June-hea, an analyst at local broadcaster KBS. He is also a member of a subcommittee under the national team coach appointment committee.

"Our national team getting good results is important, but we also need a coach who can change and upgrade the country's football in general," he said.

Hahn added that it's also important to check the backroom staff that a coach brings with him. He pointed out what South Korea went through with Uli Stielike, who was sacked during the final Asian qualification round for the 2018 World Cup.

"Stielike brought only one staff member with him, which was (Carlos Alberto) Armua, who was no more than a fitness coach," he said. "We have to check the professionalism and the careers of staff members that a coach brings to this team, because in modern football, everything is categorized and needs experts in each field."

Pundits, however, have warned that impressive resumes don't always mean success. Although high-profile coaches will cost a lot of money for the KFA, experts said what really matters is that their style and experience matches South Korean football.

"I think we need a coach who has the experience of lifting a mid-level team to a top class one," said Kim Hwan, a football commentator at JTBC. "Instead of a coach who only has managed big clubs with superstars, we should bring a tactician who can make South Korea play better in things that they can do best."

Kim said it's not right to say that Shin has a zero percent chance of remaining at the helm, but it is likely that the KFA hires a foreign coach.

"I believe Shin is the last resort for the KFA," he said. "If negotiations with top foreign candidates on the list fall through and there's only a few coaches left who have similar careers like Shin, we can't know for sure ... but considering the current public atmosphere, it is likely that the KFA will go for a new face."

Kim Pan-gon said the KFA would offer a four-year contract to the new coach, so that he or she can lead the national team until the 2022 FIFA World Cup in Qatar. But no football coach has ever remained at the helm more than three years.

Despite a disappointing ending with South Korea, Stielike was the country's longest-tenured boss after coaching the men's national football team for two years and nine months.

South Korea has been often criticizing for changing coaches too often. For the 2018 World Cup, Shin was given one year to prepare for the tournament.

Pundits, however, said offering a long contract period isn't always right.

"If you look at Croatia's head coach Zlatko Dalic, he was given the job in October 2017 but led his team to the runners-up finish at the 2018 World Cup," Hahn said. "Regardless of the contract period, what we need is a coach who has strong knowledge in football basics. I want to see a football coach who can build our team in relation with the trend of world football, especially in defense tactics." (Yonhap)