The KOSC looks set for new leadership after Kang Young-joong confirmed he will not enter the Presidential elections and co-chief Kim Jung-haeng hinted at not running.

The 64-year-old Chang, a former judoka, has experience in competitive sports, sports administration and financial management.

He served as the head coach of Bolivia's judo team in the 1970s and took up the equivalent position with a Venezuelan college team later that same decade.

Following a move to New York, Chang worked at Wall Street financial firm AXA Equitable for 23 years.

He also served as the head of the New York arm for the National Unification Advisory Council, which advises the President of South Korea on the formulation of peaceful unification policy, from 1999 to 2001.

Additionally, Chang was the sports ambassador for the Bolivia Olympic Committee from 2011 to 2015.

"Integration has emerged a keyword in our society, and the world of sports is no exception," he was quoted as saying by Yonhap when announcing his candidacy. 

"The launch of the integrated KOSC is the start.

"And as someone experienced in elite sports, sports administration and finances, I think I am the perfect fit for this organisation."

Chang pledged to develop the sports industry as "a new growth engine" and said he also wants to improve the quality of life for athletes and create increased job opportunities following retirement.

Kang and Kim were appointed joint leaders of the KOSC in March following a merger between the Korean Olympic Committee (KOC) and the Korean Council of Sport for All (KOCOSA).

Both parties met with the International Olympic Committee (IOC) in Lausanne and created one body to administer over sport at both an elite and at a grassroots level.

Kang, the KOCOSA head, and Kim, the KOC President, were thus appointed as co-leaders of the new body.

The KOC oversees elite sport in the country, with KOCOSA looking after matters regarding the general population with responsibilities including promoting a healthy lifestyle.

Under rules, Kang had to resign from his post to enter the election, which is scheduled for October 5.

The KSOC Code says an incumbent leader seeking Presidency must stand down before the Election Committee is formed.

However, following the KSOC board of directors meeting, the Election Committee has been formed without Kang offering his resignation.

Concerns had been raised that the merger could threaten the independence of the KOC from the Government, with the IOC having strict rules on anything it sees as political interference.

The merger and appointment of a new President comes at a key time for South Korean sport, with the Winter Olympics being held in Pyeongchang in 2018.

Kim was unable to observe an Olympics ahead of South Korea's own hosting after missing the Rio 2016 Olympic Games for health reasons.

The 72-year-old, who underwent a heart operation last year, had reportedly experienced health problems since attending the national team launch last month.

Candidates looking to challenge Chang must register by September 23.