Busan

Busan, is South Korea's second largest metropolis after Seoul, with a population of around 3.6 million. The Metropolitan area (includes adjacent cities of Gimhae and Yangsan) population is 4,399,515 as of 2010. It is the largest port city in South Korea and the world's fifth busiest seaports by cargo tonnage. The city is located on the southeasternmost tip of the Korean peninsula. The most densely built up areas of the city are situated in a number of narrow valleys between the Nakdong River and Suyeong River, with mountains separating some of the districts. Administratively, it is designated as a Metropolitan City. The Busan metropolitan area is divided into 15 major administrative districts and a single county.
Busan was the host city of the 2002 Asian Games and APEC 2005 Korea. It was also one of the host cities for the 2002 FIFA World Cup, and is a center for international conventions in Korea. On November 14, 2005, the city officially announced its bid to host the 2020 Summer Olympics Games. After Pyeongchang's successful bid for the 2018 Winter Olympics, the city is considering its bid to host the 2028 Summer Olympics.
Busan is home to the world's largest department store, the Shinsegae Centum City.


Economy


Busan is the fifth busiest seaport in the world, with transportation and shipping among the most high profile aspects of the local economy. Since 1978, Busan has opened three container ports including Jaseungdae, Shinsundae, and Gamman. Busan has one of the world's largest ports and can handle up to 13.2 million TEU shipping containers per year.
The Busan-Jinhae Free Economic Zone Authority, one of two such administrations (the other in the harbor of Incheon), was created to reassert Busan's status as a traditional international trading centre. The port attracts ships from all over the globe and the surrounding area aspires to become a regional financial centre.
Korea Exchange (KRX), Korea's sole securities exchange operator, is headquartered in Busan.
Busan is the home of the headquarters of Renault-Samsung Motor, Hanjin Heavy Industries, Busan Bank, Air Busan, Hi Investment & Securities, Woori Aviva Life Insurance, Korea Technology Finance Corporation, Korea Asset Management Corporation.
Jagalchi Fish Market is the oldest and the largest fish market in Korea.
Busan is ranked the fourth best city after Singapore, Seoul, Tokyo among the Asia's top convention cities in a 2011 global ranking by the International Congress and Convention Association (ICCA).




Shopping and commerce


Commercial areas are dispersed through the city near busy intersections and adjacent to university campuses, but the two largest central business districts in Busan are Seomyeon and Gwangbok-dong/Nampo-dong. There are also four substantial shopping areas of note: Seomyeon, Gwangbok-dong, Busan Dae Hakap in Jangjeon-dong, and Centum City in Haeundae-gu.
Seomyeon is the crossroads of Busan. The local subway station serves two lines and is one of the busiest in the city. The local head offices of Korean and international banks are located in Seomyeon. It is recognized as the ascendant shopping and entertainment district. It is also home to "Seomyeon Medical Street", the district encompassing the 1 km-radius range around Lotte Department Store in Seomyeon and the Buam subway station. The Street is home to a total of 160 cosmetic and other medical clinics, including those specializing in cosmetic surgery, dermatology, ophthalmology and dentistry. Directly adjacent to Seomyeon is Bujeon Market, the largest traditional market in the city. Other companies with offices here include Yeolmae Food.
The Gwangbok-dong, Nampo-dong, and Jungang-dong areas form the old central business district. Some of the restaurants in this district use family recipes passed down the generations. Jagalchi Market is an area of narrow street stalls and is well known for its fish market. The Gukje Market is also located nearby. Jungang-dong is the home of many international law offices, the old Immigation Office, and the international ferry terminal serving Japanese routes. Lotte World II is currently under construction along the water between Jungang-dong 7-Ga and 8-Ga.
Centum City, an industrial complex, is a popular new shopping area with luxury department stores.


Transportation


Major express bus lines link Busan with other cities in Korea at two primary bus terminals, Nopodong Bus Terminal (at the northern terminus of Subway Line 1) and Seobu Bus Terminal at Sasang Station on Subway Line 2.
134 routes of urban buses service whole part of Busan Metropolitan City. (Busan Urban Bus)


Sea
The Coastal Ferry Terminal serves ferry services to many locations on Geoje Island as well as to Jeju City in Jeju-do.
Ferries leaving from the International Ferry Terminal on Busan Port Pier 1 connect Busan to the Japanese ports of Izuhara and Hitakatsu on Tsushima Island, as well as the cities of Shimonoseki, Fukuoka, and Osaka on Japan's mainland.
PanStar operates the PanStar Ferry between Busan and Osaka.
The Seaflower 2, the ferry to Tsushima operated by Dae-a Express Shipping, carries passengers only between Busan and Hitakatsu in 1 hour 40 minutes and between Busan and Izuhara in 2 hours 40 minutes.
The Seonghee, operated by Pukwan Ferry,links Busan to Shimonoseki.
One of the ferries to Fukuoka is the Camellia, operated by Camellia Line. The Camellia makes the trip to Fukuoka overnight in 7 hours 30 minutes, and trip back in the afternoon in 5 hours 30 minutes.
The other ferry service to Fukuoka is assumed by the Beetles and the Kobees, 2 fleets of high-speed hydrofoils operated by Miraejet. About five departures from each city are scheduled every day. By hydrofoil it only takes 2 hours 55 minutes to cross the Korea Strait to Fukuoka. The Beetles are owned by JR Kyushu.
This is administered by the Busan Port Authority.


National railway




Busan lies on a number of rail lines, of which the most important is the Gyeongbu Line which connects it to other major cities such as Seoul, Daejeon, and Daegu. All classes of trains run along the Gyeongbu Line, including the superhigh speed KTX trains which provide service to Seoul in approximately 150 minutes. The Gyeongbu Line terminates at Busan Station. Other lines include the Donghae Nambu Line which connects Ulsan, Pohang and Gyeongju.


Busan Subway


The Busan Subway network contains four lines: 1, 2, 3, and 4. All four lines is operated by the Busan Transportation Corporation. The Busan-Gimhae Light Rail Transit line connects from Sasang Station (Line 2), Busan to Samgye Station, Gimhae.