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South Korea, whose last football gold medal came in 1986, were made to pay when centre-forward Ahmed Al Abry slotted the ball past substitute goalkeeper Lee Bum-Young.
Penalty specialist Lee had replaced starting keeper Kim Seung-Gyu just moments earlier with Korea fully expecting the game to be decided by a shootout.
But it is the UAE, who have never appeared in an Asiad final, who go on to Thursday’s gold medal decider against Japan who came from a goal down to beat four-time champions Iran 2-1.
UAE coach Mahdi Ali said his objective was to qualify for the Olympics in 2012.
“At our first press conference here I said our goals at this Asian Games were to prepare for the Olympic qualifiers and try our best for a medal,” said Redha.
“Now here we are and I’m delighted with our team’s performance.”
“In the last three or four minutes of the match there was a fight between players from both teams and I told them not to lose control, but some of them did,” said South Korea coach Hong Myung-Bo.
“I think the bad positioning from our players was the reason we conceded the goal.”
South Korea had the best of the early chances.
Amer Al Hamadi shot wide in 19th minute as the UAE looked to use their pace up front. Hong Jeong-Ho should have broken the deadlock in the 37th minute, but despite being unmarked, he tamely headed straight into the arms of a grateful UAE keeper Ali Housani.
Monaco’s Park Chu-Young then showed off his creativity with a smart pass into the path of the sprinting Yun Suk-Young who blasted the ball over the bar to leave the semi-final scoreless at the interval. Housani again flapped at a cross in the 70th minute but he escaped when substitute Seo Jung-Jin missed the target.
At the other end, Omar Al Amoudi sent a fierce, left-footed drive just over the top of Kim Seung-Gyu’s goal as the tie drifted into extra-time.
Japan inched closer to their dream of winning a first football gold by coming from behind to beat Iran.
Striker Arash Afshin opened the scoring for Iran on six minutes before Kota Mizunuma drew Japan level seven minutes before half-time with Kensuke Nagai grabbing the winner on 60 minutes with his fifth goal of the tournament.
“After Iran scored we had some difficult moments, but we always knew we had time to come back,” said Japan captain Kuzuya Yamamura.
Fard Ansari put the ball into the net 16 minutes from time only to be judged offside.
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