Gary Stempel was addressing a press conference ahead of the sides' first ever meeting on Tuesday in Cheonan, south of the capital Seoul.
"We have to respect South Korea's team," Stempel said, although he added, "We also have our strengths. We are a developing team, a team which is starting a new process after it's first World Cup appearance in Russia."
"We hope to have a good game, and we know the home team is strong, but that only motivates us to work harder," he added.
Under new boss Paulo Bento, South Korea have racked up four matches without defeat, including impressive wins against Chile and World Cup quarter-finalists Uruguay, ranked fifth in the world, reports Efe news.
World number 70 Panama, meanwhile, were comprehensively beaten by Japan, 3-0.
Midfielder Miguel Camargo echoed his coach's sentiments, adding that he expected an improved performance now that more players had joined since that defeat in Niigata.
"Now that everyone is here, we are ready for what will be an important game tomorrow," Camargo said, adding: "We hope to be able to secure a good result."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
