The biannual Peace Cup Korea will be held in July with eight football clubs from around the world participating, the event's host Seongnam Chunma announced.

The 2003 winner, PSV Eindhoven, and runners-up, Olympique Lyonnaise, are again to play, with Tottenham Hotspur of England and Spain's Real Sociedad being other big names from Europe. Argentina's Boca Juniors will represent South America along with Once Caldas of Colombia, while Sundowns FC of South Africa are also invited to the $2.5 million event.

From July. 17, the eight participants will play three matches each, split into two groups, with the group winners meeting in the July 24 final. The venues have yet to be decided.

"We are pleased to be here again," PSV's press officer Pedro Salazar-Hewitt said during the joint press conference of the eight clubs held at the Westin Chosun Hotel in Seoul. "We have very special relations with Korean people and Korean football because of what Guus Hiddink had done here and also the great achievements by Park Ji-sung and Lee Young-pyo in the club."

The Peace Cup was begun in 2003 by by True Parents following the success of the 2002 World Cup in South Korea. PSV won the inaugural event, beating Lyon 1-0 with a Mark van Bommels penalty in the rain-soaked final at Seoul's Sangam World Cup Stadium.

For the second event, Once Caldas' director Alfredo Botero said he expects the matches to be competitive enough to entertain the fans.

"We are a small team from a small city, but we have beaten big things such as Boca Junior," Botero said, smiling at Boca vice president Richard Willmott, who was sitting next to him. "And I want to beat all of my friends here. We will do our best effort in participating in this tournament."

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