Former Republic of Ireland manager McCarthy had been named on a two-man shortlist by KFA president Chung Mong-joon for the job along with former Liverpool manager Gerard Houllier.
But McCarthy told the club´s official website: "I was very flattered to be contacted and to be considered a candidate alongside someone of the calibre of Gerard Houllier."
Copyright (c) PA Sport 2007, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: https://www.givemesport.com/writeforgms