England won the Under-20
Dominic Calvert-Lewin scored in the first half, and goalkeeper Freddie Woodman preserved the lead by saving a second-half penalty from Adalberto Penaranda as Venezuela missed out on a first
It ends decades of English underachievement on the international stage since winning the senior World Cup 51 years ago on home soil.
"We have proved we are the best team in the world at this age group," Calvert-Lewin said. "We have proved we are as good as any country and hopefully there will be opportunities for the lads next season."
Although England hosts the world's richest soccer competition — the Premier League — playing time for young homegrown players like Calvert-Lewin can be limited as the their places in teams are taken by imported players. A recent UEFA report found that 62 percent of players in England's top tier were foreign — the highest in Europe.
Calvert-Lewin only made his first appearance for Everton in the second half of last season. Dominic Solanke, the striker who was awarded the Golden Ball as the tournament's best performer, recently left Premier League champion Chelsea for Liverpool after making just one substitute appearance.
England winning its first Under-20 title indicates there is talent coming through the youth ranks, especially as some other eligible players were not in South Korea because they have already been promoted to the senior team or are preparing for the Under-21 European Championship.
Of the 16 members of the World Cup-winning squad who did play in the Premier League this past season, half were loaned out to a different club.
"It is not for me to tell the clubs how to do their business. They have their own pathways lined up," England coach Paul Simpson said ahead of the final. "We want to see as many of our players playing first-team football as possible."
Unlike their English counterparts, most members of the Venezuela squad are from cash-strapped clubs that, just like the rest of the country, have been affected by widespread shortages, triple-digit inflation and rampant crime.