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Daejeon Citizen

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Daejeon Citizen Football Club (Korean 대전 시티즌 프로 축구단) is a South Korean football team, currently playing in K-League.

They are famous for being the first community-club in Korea (generally in Korea 'community-club' means that the club issues shares). In the case of Daejeon, although they didn't actually issue shares until 2005, they were known as a 'community-club' before this as they were the first club that did not belong to a specific company such as a 'chebol' or other major company. It had very symbolic meaning - the club was based on the support of the local community and not that of a specific company. Daejeon citizen took their first step towards K-League in 1997. In spite of insufficient budget, Daejeon won 2001 Korean FA Cup with decisive goal by Kim Eun-Jung resulted in one-nil victory, and is struggling in K-League as a team that cannot be beat easily. Through the year 2005 to 2006, Daejeon issued shares so as to be tied with local community more solidly, and be a 'real' community-club.

Source: Wikipedia.

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