Lyon midfielder Kim Kallstrom scored the winning goal in the 85th minute following a strong run by substitute Hatem Ben Arfa.

"It was a physically demanding game for us," Kallstrom said. "But our players came together and I am very satisfied with the result."

Lyon, who had been runners-up in the two previous Peace Cups, had a number of chances in the first half.

Karim Benzema set up Sidney Govou from a free kick in the sixth minute but Govou's header was straight at Bolton goalkeeper Jussi Jaaskelainen.

A minute later, Abdul Kader Keita's header from a Benzema cross hit the crossbar.

Kallstrom had golden chances in the 36th and the 39th minutes but Jaaskelainen denied him.

Jaaskelainen continued to perform heroics in the second half.

In the 70th minute, Bolton's Finnish keeper denied Ben Arfa and Milan Baros from close range.

Bolton's best chance of the match came in the 33rd minute, when Ricardo Vaz Te's bicycle kick set up Nicolas Anelka, whose header was off target.

Lyon took home two million dollars as winners of the tournament.

Benzema was the Golden Ball winner as the most valuable player of the tournament.

"I am glad we achieved our goal of winning this tournament," said Lyon manager Alain Perrin. "We also made significant tactical improvements here." Bolton boss Sammy Lee said the teams put on "a terrific exhibition of European football," and that he was pleased with his team's progress and the players' commitment at the tournament.

The next Peace Cup will be held in 2009, with organisers hoping to stage the tournament outside Korea for the first time.