Tottenham Hotspur's Son Heung-min played a captain's role as South Korea beat plucky Vietnam 3-1 to reach the Asian Games final on Wednesday.
The World Cup star, who is missing the start of the Premier League season to represent his country in Indonesia, is now just 90 minutes away from a gold medal that would spare him a career-threatening spell of military service.
"I don't think I need to say anything," said Son, refusing to be drawn on the subject. "We're close to winning gold, to making history, and we will fight for it."
A double from Lee Seung-woo and another goal from free-scoring striker Hwang Ui-jo sent the South Koreans through to this weekend's final, where they face either Japan or the United Arab Emirates as they chase a record fifth title.
Lee smashed South Korea in front after just seven minutes in Cibinong, near Jakarta, following some nifty footwork from Hwang Hee-chan.
Son's clever flick provided the assist for Hwang Ui-jo to extend their advantage just before the half-hour mark.
Darting in behind the Vietnamese defence, Hwang - hat-trick hero of South Korea's 4-3 quarter-final win over Uzbekistan earlier this week - clinically hooked in his ninth goal of tournament.
Lee stabbed in his second, and his team's third, 10 minutes after the interval before Vietnam pulled one back through a dipping free kick from Tran Minh Vuong with 20 minutes left.
Once heralded as the "Korean Messi" after signing for Barcelona as a 12-year-old, Lee was carried off for treatment after being run over by beefy Syrian referee Masoud Tufayelieh, although little was damaged except his pride.
"It was a difficult game," said Son, who was removed as a precaution after 72 minutes while on a booking. "But we dominated it and deserved to win. We are all ready for the final. I'm trying to make my country happy, make myself happy. It's all positive for me."
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Despite his spin-doctoring of the situation, however, the 26-year-old Son could be called up for almost two years of compulsory military service in the next 18 months if he fails to lead the Taegeuk Warriors to gold.
The Spurs forward was selected to play at the 2014 tournament on home soil but his former club Bayer Leverkusen refused to release him - the South Koreans scooped gold.
Nearly every able-bodied South Korean male is required to carry out 21 months of military service before the age of 28, although the government rewards Asian Games gold medals and Olympic medals of any colour with an exemption.
Japan were due to play the Emirates in the second semi-final later on Wednesday.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Jewel of the Expo 2020
252 projectors installed on Al Wasl dome
13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas
550 tonnes of moulded steel were raised last year to cap the dome
724,000 cubic metres is the space it encloses
Stands taller than the leaning tower of Pisa
Steel trellis dome is one of the largest single structures on site
The size of 16 tennis courts and weighs as much as 500 elephants
Al Wasl means connection in Arabic
World’s largest 360-degree projection surface
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”