South Korea, who reached the last four in the 2002 World Cup finals on home soil before losing to Germany, meet Togo in their opening Group G game on June 13.
"We think we have a very balanced squad and one that can surprise a lot of people in the world," Advocaat told a news conference.
"We are capable of at least the second round," he said, adding that anything can happen in a major tournament when it gets to the knock-out stages.
The squad blends well-known players who have established their reputations by playing in Europe with those who have continued to develop at home.
The best-known players in the squad are Manchester United winger Park Ji-sung, who shone at the 2002 finals, and Tottenham Hotspur defender Lee Young-pyo.
Advocaat also opted for the experience of defender Choi Jin-cheul, a key member of Guus Hiddink's 2002 team, and wingback Song Chong-gug, who returned to Korea after a disappointing couple of years at Feyenoord.
MSV Duisburg forward and fan favourite Ahn Jung-hwan also made the squad but there was no place for Cha Du-ri, the son of former national coach Cha Bum-kun.
"We
"The disadvantage is that we play away," he said.
South Korea suffered a lengthy hangover following the 2002 World Cup and the departure of their highly-successful Dutch coach Guus Hiddink.
Both of Hiddink's immediate successors, Portugese Humberto Coelho and another Dutchman, Jo Bonfrere failed to sustain the high standards set at Japan-Korea 2002.
Squad:
Goalkeepers: Lee Woon-jae (Suwon Bluewings), Kim Yong-dae (Seongnam Ilwha) Kim Young-kwang (Chunnam Dragons)
Defenders: Lee Young-pyo (Tottenham Hotspur), Kim Dong-jin (FC Seoul), Cho Won-hee (Suwon Bluewings), Song Chong-gug (Suwon Bluewings), Choi Jin-cheul (Chonbuk Motors), Kim Jin-kyu (Jubilo Iwata), Kim Young-chul (Seongnam Ilwha)
Midfielders: Park Ji-sung (Manchester United), Kim Do-heon (Seongnam Ilwha), Kim Sang-shik (Seongnam Ilwha), Kim Nam-il (Suwon Bluewings), Lee Eul-yong (Trabzonspor), Lee Ho (Ulsan Tigers), Baek Ji-hoon (FC Seoul)
Strikers: Ahn Jung-hwan (MSV Duisburg), Cho Jae-jin (Shimizu S-Pulse), Park Chu-young (FC Seoul), Seol Ki-hyeon (Wolverhampton Wanderers), Lee Chun-soo (Ulsan Tigers), Chung Kyung-ho (Gwangju Sangmu)