C&P Sports chief Catalina Kim admits they're switching their investment plans to the LaLiga.
C&P Sports were keen to be part of the takeover of Chelsea, though is understood to not be involved in the final four bidders under consideration.
Instead, Kim says they're looking into buying a Spanish club.
"Never before has there been an investment in a top-tier soccer club from the South Korean capital," Kim told AS.
"It is time for a change. We are ready. We are currently in talks with several top-tier clubs, including LaLiga. These things take time, but South Korea is a country with wealth, democracy, a stable market, many successful brands, a strong soccer league and players, etc. It has everything that the best European football league should have in a creation process, the first of many to come."
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