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Agreement Signed to Launch ‘Special Union’ of Busan, Ulsan, South Gyeongsang Province

SEOUL, April 19 (Korea Bizwire) — The interior ministry on Tuesday signed an agreement with the local governments of Busan, Ulsan and South Gyeongsang Province to launch a new European Union-like administrative unit aimed at promoting balanced regional development and invigorating local economies. The “special union” of the three local governments will officially start operating [...]

Seoul Likely to Lose Megacity Status

SEOUL, Sept. 17 (Korea Bizwire) — Seoul is getting smaller and older in terms of population and could soon cease to be a megacity with over 10 million inhabitants, the capital’s government said Tuesday. According to the city government, the total number of residents in the capital was 10,049,607 as of the end of last [...]