Jung Mun-Hong, the founder and chief executive of ROAD Fighting Championship, has announced his immediate departure from the company.
“I leave ROAD FC today,” he said via Instagram. “In my life, when my spirit and body were the clearest and healthiest, I devoted all my youth to ROAD, so I have no regrets and no worries.”
Little reason for his departure was given by the company, but ROAD said an official statement is forthcoming.
Road FC officially launched in 2010 and has gone on to hold 44 events in Korea, Japan and increasingly China. It is understood that Jung will remain the owner of the company, but a new CEO is expected to be revealed soon.
“When I started ROAD, my wish was to make a stage where my students and juniors could fight forever,” he added.
“I wanted to create a self-sustaining promotion, not a promotion that could fall under the influence of the external environment.
This year has been pivotal for the company, with its $1 Million Lightweight Tournament giving it a new global platform. Jung said that ROAD would continue.
“ROAD has become a global institution that will never collapse and will continue to evolve further.”