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Can an Asian Team Reach the World Cup Semifinals in 2026? Here’s the Realistic Case

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Son Heung-min scored Tottenham's late winner to beat Luton 2-1

With a record nine Asian nations competing at the 2026 World Cup — the most in the tournament’s history — questions are once again being raised about whether the continent can finally produce a team capable of advancing all the way to the semifinals, a feat only one Asian nation has ever achieved.

A Record Continental Turnout

Asia sends a record nine nations to the 2026 World Cup, from the 8.5 slots of the 48-team era. Nine AFC nations — Japan, Iran, South Korea, Australia, Uzbekistan, Qatar, Iraq, Saudi Arabia, and Jordan — represent the most in history. That allocation nearly doubled from the previous tournament cycle, with Asia’s automatic allocation rising from 4.5 to 8.5 slots compared to the 32-team era.

Among the nine, three nations arrive with landmark stories. Uzbekistan and Jordan both qualified for the first time ever, while Iraq returned after a 40-year absence, ending their wait since 1986 by winning the intercontinental playoff in March 2026.

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The Historical Benchmark: South Korea’s 2002 Run

Any conversation about Asian teams reaching the semifinals inevitably traces back to a single, still-unmatched achievement nearly a quarter-century old. South Korea reached the semifinals as co-hosts in 2002, the deepest run by any Asian nation. On the way, they knocked out Italy and Spain before losing 1-0 to Germany.

That run remains the high-water mark for the continent, and no Asian nation has come close to replicating it since, even accounting for genuine progress in other editions of the tournament.

2022 Marked a Different Kind of Breakthrough

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The most recent World Cup demonstrated Asian football’s growing competitiveness against elite European opposition, even without producing a deep knockout run. Japan beat both Germany and Spain 2-1 in the group stage in 2022; the win over Spain came with just 17.7% possession, the lowest by a winning team in recorded World Cup history. Three Asian nations reached the knockouts together that year, a record for the continent.

Saudi Arabia also contributed to that wave of upsets, producing one of the biggest shocks in World Cup history by beating eventual champions Argentina 2-1 in their opening game in 2022. Australia, too, reached the Round of 16 that year, beating Tunisia and Denmark in the group stage.

Japan Enters as the Continent’s Most Fancied Side

Heading into this year’s tournament, one nation has consistently been identified as Asia’s strongest overall contender. Japan, ranked 18th in the world, under Hajime Moriyasu, are the most fancied Asian side, and the first nation in the world to seal their ticket to this tournament, back in March 2025, after a near-flawless qualifying campaign.

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That status was reinforced in the opening round of group play. Japan matched the Netherlands with a 2-2 draw in their tournament opener, proving they can challenge Europe’s top teams even at the World Cup itself, a continuation of the pattern they established against Germany and Spain four years earlier.

South Korea’s Quietly Strong Qualifying Record

Beyond Japan, South Korea has also generated considerable optimism heading into the tournament, built on an unusually clean run through Asian qualifying. South Korea were the only unbeaten team in the AFC qualifiers for the 2026 World Cup, and their strong qualifying record goes back a long way; they are making an 11th consecutive appearance at the World Cup, a run that stretches back to 1986. Only Brazil, Germany, Argentina, and Spain are on a longer run of consecutive World Cup participations.

Despite that consistency, South Korea’s historical ceiling outside of home soil remains modest. South Korea’s best performance to date came when they famously reached the semifinals as co-hosts in 2002, but when not playing on home soil, they have never gotten past the last 16. Indeed, they have the lowest win rate among teams that have played at least 30 matches at the World Cup, at 18.4%, winning just seven of their 38 games.

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Still, South Korea opened this year’s tournament with a notable show of resilience, overcoming a 0-1 deficit to beat Czechia 2-1 in their opening match.

Iran’s Often-Overlooked Strength

While Japan, South Korea, and Australia typically receive the bulk of attention when discussing Asia’s strongest sides, one analysis points to a frequently underrated contender. Considering plenty of focus is usually on Japan, South Korea, and Australia when it comes to Asia’s strongest sides, it can often go under the radar that Iran are actually the continent’s second-highest-ranked nation in football. They have shown their World Cup pedigree in recent editions with a victory over Morocco and a draw with Portugal in 2018, as well as a triumph over Wales in 2022, although their preparations for this summer have obviously been far from ideal.

Qatar and Saudi Arabia Show Early Signs of Life

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Beyond the traditional powers, two other Asian nations delivered notable results in the tournament’s opening round. Qatar earned a 1-1 draw against Switzerland after a late equalizer, marking a historic moment for the hosts of the previous edition, while Saudi Arabia took a 1-0 lead against Uruguay before being pegged back to a 1-1 draw in a tightly contested game.

The Steepest Challenges: Iraq and Jordan

Not every Asian nation enters the tournament with realistic knockout-stage hopes, with two debutant or returning sides facing particularly daunting group draws. Iraq suffered a 4-1 defeat to Norway in their opener, highlighting the challenges of their first World Cup in 40 years. Having been drawn into a group featuring two top-15 teams in France and Senegal, alongside a Norway side boasting genuine world-class talents in Erling Haaland and Martin Ødegaard, it is difficult to even imagine Iraq sneaking a third-place finish that would give them a glimmer of hope for the knockout rounds.

The Realistic Verdict

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Based on the available evidence, no single Asian team currently stands out as a clear semifinal threat, but the depth of competitive performances across the continent — Japan drawing with the Netherlands, South Korea’s resilient comeback against Czechia, Qatar’s late equalizer against Switzerland, and Saudi Arabia matching Uruguay for long stretches — suggests Asian football’s overall competitiveness against traditional powers has genuinely improved since South Korea’s lone semifinal run in 2002.

Japan remains the continent’s best-positioned side to make a deep run, given their qualifying dominance and proven ability to beat elite European opponents in group play. South Korea’s path would likely require replicating, at minimum, the kind of resilience they showed in their opener, while avoiding the historical pattern that has limited them to the round of 16 in every tournament not played on home soil.

With group play still ongoing across all nine Asian nations’ fixtures, the coming days and weeks will determine how many — if any — advance deep enough into the knockout rounds to even begin entertaining realistic semifinal aspirations. Given the historical rarity of an Asian team advancing that far, and the continent’s track record of producing memorable individual upsets rather than sustained tournament-long runs, reaching the semifinals would represent a genuinely historic achievement for any of the nine nations competing — one that has been accomplished by an Asian side exactly once in World Cup history, and only while playing on home soil.

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Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.

Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes.

As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Note: This account is not managed or monitored by Northern Trust Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Northern Trust Asset Management’s official channels.

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Ken Griffin urges NYC business leaders to fight socialist mayor Mamdani

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Billionaire Citadel founder Ken Griffin is encouraging New York’s business leaders to take on socialist Mayor Zohran Mamdani, warning that the city’s future could be at risk if employers and investors stay quiet.

“They need to find their voice and fight for their city,” Griffin said Thursday at a Manhattan event, according to Bloomberg.

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“My advice is to speak up. What’s the worst that’s going to happen? It will be that New York empties of talent and that’s a catastrophe. If the mayor wants to say a few words about you, your record speaks for itself: You create jobs, you create value and you pay taxes.”

MAMDANI’S WALL STREET COURTSHIP SPARKS CRITICISM OF ANTI-BILLIONAIRE AGENDA

A side by side photo of NYC Mayor Zohran Mamdani and Ken Griffin.

The Citadel founder is clashing with New York City Mayor Zohran Mamdani over taxes targeting the ultra-wealthy and intensifying crime, reviving the same tensions that drove him to pull his business and billions out of Chicago. (Spencer Platt/Aaron Schwartz/Bloomberg/Getty Images / Getty Images / Getty Images)

Griffin’s remarks mark the latest chapter in an ongoing clash between Wall Street’s billionaire class and Mamdani, whose proposals to raise taxes on wealthy New Yorkers and luxury property owners have drawn fierce criticism from business leaders concerned about the city’s economic competitiveness.

The financial titan, whose net worth is estimated at $48.3 billion according to the Bloomberg Billionaires Index, argued that New York’s corporate leaders should focus on the long-term future of the city rather than short-term political battles.

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BILLIONAIRE KEN GRIFFIN SAYS CITADEL’S CHICAGO EXODUS WAS ‘NOT HARD,’ CITES CRIME, TAXES

“Everything should be viewed through the lens of, Citadel will be here far longer than he’ll be mayor,” Griffin said.

The comments come as Griffin and Mamdani appear to be cautiously opening a dialogue after months of public sparring over taxes, wealth and the city’s business climate.

The socialist mayor recently reached out to Griffin after previously criticizing the billionaire hedge fund manager over his Manhattan penthouse and personal wealth. Mamdani notably stood outside Griffin’s luxury property to promote his proposal to raise taxes on second homes in New York City worth more than $5 million.

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CHICAGO KNOWS WHAT HAPPENS WHEN KEN GRIFFIN TURNS ON A CITY, NOW MAMDANI MAY FIND OUT

The outreach comes as some business leaders warn New York risks alienating major employers and investors — a concern Griffin has raised before in another major American city.

The tensions have fueled concerns among some business leaders that New York could follow a path similar to Chicago, where Griffin spent years criticizing crime, taxes and public policy before moving Citadel’s headquarters to Miami in 2022. The relocation marked the departure of one of the financial industry’s most influential firms and underscored the economic impact that can follow when a major corporate player leaves a major city.

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Billionaire Ken Griffin listens to a question from an audience member at the World Economic Forum in Davos.

Citadel founder and CEO Ken Griffin described New York City Mayor Zohran Mamdani’s “tax the rich” video targeting him as a “creepy and weird” political advertisement. (Krisztian Bocsi/Bloomberg via Getty Images / Getty Images)

Griffin has repeatedly pointed to Florida’s business climate as a model and warned that policies targeting high earners and businesses could make New York less competitive.

Griffin said he plans to talk to Mamdani “at some point in the months ahead.”

“Let’s see where he is on the state of policy at that time,” he said. “Actions speak louder than words.”

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