SEOUL: Busan, Ulsan and South Gyeongsang province have joined hands to create a cross-municipal megacity with a population of more than 10 million, the country’s second biggest after capital city Seoul and its surrounding areas.
On Tuesday, Busan Mayor Park Heong-joon, Ulsan Mayor Song Cheol-ho and Gyeongnam Acting Governor Ha Byung-pil signed an agreement to create a European Union-like administrative unit, effective on Jan 1, 2023, with an aim of promoting balanced regional development and bringing more life to local economies, accoriding to Pulse. The agreement was endorsed by Interior Minister Jeon Hae-cheol from the…