Upset over the defeat, Youth and Sports Minister Khairy Jamaluddin said the Sepaktakraw Association of Malaysia (PSM) might not get any more allocation from the ministry unless it came out with a sound recovery plan.
"It's shameful, we'd lost to South Korea. No more excuses. I'm thinking of what to do with PSM.
"With this defeat, I will no longer give them any more fund," he told reporters after launching a netball championship for participants aged eight and above organised by the Women's Sport and Fitness Foundation Malaysia here, Monday.
Khairy said although the PSM could seek funds directly from the prime minister, he would asked for the fund not to be approved.
He said although the ministry had no right to intervene in the administration of a sports organisation, it still had authority over allocation of funds.
"This stern action not only applies to PSM, but also to other associations that do not have a good development plan," he said, the PSM received a yearly allocation of RM1 million.
On Malaysia's 1-3 defeat to Pakistan for the bronze at the just concluded ninth Asia Cup men's field hockey championship, he agreed with Malaysian Hockey Confederation president Tengku Abdullah Sultan Ahmad Shah that the national team lacked strategy and attacking power, and failed to capitalise on penalty corners.
However, Khairy was glad that the national team managed to book a berth for the World Cup Hockey Championship 2014.
Enquiries for the netball championship to be held at Universiti Malaya from Sept 13-15 can be made by calling Nurfadhilah at 017-3522354, Noorhikmah (017-7598830) and Tang Chung Nie (010-9634277).
In KUALA LUMPUR, PSM secretary-general Datuk Arshad Yahaya said the association would form a strong national squad for the SEA Games in Myanmar in December by carrying out a major revamp.
He said as a host, Myanmar would introduce a number of events in sepaktakraw, including its traditional chinlone takraw, and Malaysia was confident of reaching the final in one of the event.
On Malaysia's shocking defeat at the hands of South Korea, he said: "We acknowledge South Korea's meteoric rise as they were able to humble the formidable Thailand in the quarter-finals. So, we will evaluate our weaknesses before going to Myanmar," he said.
South Korea also beat another favourite, Indonesia in the semi-finals. On the SEA Games, Arshad said although Thailand would be Malaysia's archrivals for the gold, he did not underestimate Indonesia and Myanmar's capabilities.
Malaysia last won the sepaktakraw gold at the Philippine SEA Games 2005.