The news comes as little surprise as Sepp Blatter had dropped strong hints he would stand again and if he sees out his potential four-year term he will be 83 by the time of the next planned election in 2019.
Launching his bid in Paris, Chung told a news conference "Michel Platini was a great football player, and he is my friend. His problem is he does not seem to appreciate the seriousness of the corruption crisis at FIFA."
FIFA President Sepp Blatter confirmed that he had submitted bid to run for re-election
Sepp Blatter will not travel to Canada for Sunday's final of the women's World Cup.
FIFA boss Sepp Blatter deserves a Nobel Prize for his stewardship of soccer's governing body, Russian President Vladimir Putin said in an interview aired by Swiss broadcaster RTS on Monday.
Sepp Blatter has told a Swiss newspaper he has not quit as FIFA president, adding to speculation he may try to stay on as head of world soccer's governing body that is gripped by a corruption scandal.
FIFA claimed the newspaper made libellous comments against the organisation and its president Sepp Blatter.
FIFA president Sepp Blatter shrugged off Luis Figo's accusation he had turned world soccer's ruling body into a dictatorship.
Referees will use the recently-developed vanishing spray at the World Cup next year to stop defensive walls creeping forward at free kicks, FIFA president Sepp Blatter said on Thursday.
Sepp Blatter comes across as an amiable character with eccentric ideas about football but he has shown in the past that he possesses a ruthless instinct for survival and extraordinary political nous.
His message contained some defiance: he vowed to fight the ban, insisted he had done no wrong and hit out at those who had questioned his integrity and honesty.
"If there are people who don't like the organisation or don't like me, they will realise they have been wrong... they will realise that."
The committee also handed out a 90-day suspension to FIFA Secretary-General Jerome Valcke, who had already been put on leave by the football body, and banned former FIFA Vice-President Chung Mong-joon for six years and fined him 100,000 Swiss francs (67,021).
- 'FIFA should have a leader with a lot of experience' -'Prince Ali is a good man, I work with him, I was a main supporter in the past, he is like my brother. He has a good future but I think he was in a little bit of a hurry. I think he needed to take the trust of Asia first before he earned the trust of the international community'
FIFA president Sepp Blatter and its secretary general Jerome Valcke have both hired high-powered US lawyers to represent them as a corruption probe roils soccer's global governing body.
Former FIFA president Sepp Blatter acknowledged on Friday that he failed to reform the scandal-ridden world soccer organisation but asserted he was not responsible for corruption in its regional organisations.
Outgoing FIFA President Sepp Blatter said a Swiss criminal investigation against him was 'not correct' and defended his decision not to step down sooner as head of the world soccer body, according to a German magazine.
Prince Ali is standing against Sepp Baltter in Friday's election and although Blatter is strongly favoured to win.
FIFA's director of communications Walter de Gregorio is to resign after making a joke on television.
A source close to FIFA said that as Blatter has not been arrested, charged or indicted, it would probably be for him to decide whether he stays in his post until February, when he is due to step down.
Meet the men who shall face off against FIFA president Sepp Blatter
UEFA chief Michel Platini says he will not support FIFA president Sepp Blatter if he stands for another term. The Frenchman added that world soccer's governing body needs a breath of fresh air.
A day before the Women's U-20 World Cup kicked off in Canada, FIFA President Sepp Blatter reportedly said that it is difficult to accept women in FIFA's executive committee because Football is very macho.
FIFA President Sepp Blatter has agreed with the organization's lawyers that he will not use official FIFA platforms or personnel to issue statements in his defense in response to an investigation by Swiss prosecutors, two sources close to the matter said.
FIFA President Sepp Blatter has said that if Qatar was denied hosting rights because of the weather, the next step could be snatching rights from a nation because of arbitrary and discriminatory reasons, and he was not a party to this but moving the World Cup to winter was definitely needed.
Prince Ali bin Al Hussein of Jordan, who failed in an attempt to replace Sepp Blatter as FIFA president in May, says Blatter should not be handling the reform process.
Cameroon's Issa Hayatou will take over as interim FIFA president following the provisional suspension of Sepp Blatter in a corruption scandal.
The Club World Cup will be moved from Japan to the United Arab Emirates for 2009 and 2010, FIFA president Sepp Blatter said on Tuesday. Blatter announced that the event would be staged in the UAE for two years, but would return to Japan for 2011 and 2012.
Teams involved in racial incidents should suffer more severe punishment like the docking of league points, FIFA president Sepp Blatter said on Wednesday.
Gianni Infantino opened FIFA's new museum in his first official act as president of football's governing body on Sunday.
Sepp Blatter, Luis Figo, Michael van Praag and Prince Ali Bin Al-Hussein have bid to stand for FIFA president.
FIFA president Sepp Blatter believes that completely ridding soccer of racism will be impossible while it remains a problem in society as a whole.
Suspended world soccer chief Sepp Blatter was named 'Swiss of the Year' on Thursday by a weekly magazine in his native Switzerland, on the same day he appeared before a FIFA ethics committee to face questioning in a corruption scandal.
Argentina's World Cup winning captain Diego Maradona launched a blistering attack on FIFA president Sepp Blatter on Monday saying that world soccer's governing body has descended into anarchy with the 79-year-old Swiss in charge.
FIFA may abolish extra time at the World Cup with drawn knockout matches going straight to penalties, the federation's president Sepp Blatter said Thursday.
The issue of goalline technology is on the agenda for the International Football Association Board's (IFAB) October meeting, FIFA president Sepp Blatter said on Wednesday.
In a recent development to the already troubled Qatar World Cup 2022, a German magazine has claimed that FIFA president Sepp Blatter has confirmed Qatar would be stripped of its hosting rights chiefly due to Qatari Sheikh's support to terror group IS.
'It was not an agreement, this was his proposal and of course it (then) went to the vote at the (FIFA) executive committee'
Players who are racially insulted during matches should accept it as part of on-field provocation and shake hands with their opponent at the end, FIFA president Sepp Blatter said on Wednesday.
Three stadiums and several airports are not ready, and other promised infrastructure has been shelved, but the 2014 World Cup will "be the most successful of all time", the head of FIFA told Brazilian president Dilma Rousseff on Thursday.
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