South Korea completed their dominance in Olympic archery as Oh Jin Hyek beat Takaharu Furukawa in the men's individual final to take gold.
Oh secured an emphatic 7-1 win over his Japanese opponent at Lord's to hand South Korea a third archery gold.
"The powerhouses of world archery are back in control. Three Olympic medals for South Korea and Oh won it without the agony of a single arrow shoot-off. Oh conquered all before him and he is a deserved winner. He was unstoppable."
won bronze by overcoming Rick van der Ven 6-5.
Britain's hopes of winning an Olympic archery medal were ended when
was narrowly beaten in the last 16 by Khairul Mohamad.
The Bristol-born archer lost the first set 2-0 but drew the second and won the third to level the overall score at 3-3.
He took the fourth set but Malaysian Mohamad won the fifth to take the match into a single arrow shoot-off.
Godfrey, who was fourth in 2004, hit a nine but Mohamad scored a 10 to win.
GB's Godfrey out after shoot-out
"I'm holding it together at the moment," said the 36-year-old. "When it sinks in a bit later there will be a few tears I expect.
"I went out there to give it my best and I think I did give it my best. I got beaten by a better archer on the day.
"You only have to be half a degree out and you miss the target. To get that far out is nothing.
"This is the best arena I have ever shot in. It's a great atmosphere. I took it down to one arrow and he smashed it, didn't he?"