The proposed swap between Daewoo and Samsung emerged at the time the Pusan line shut down.
The veterans who have traveled here today saw battle at the Inchon landing and the Pusan Perimeter.
What this means in practical terms is that Pusan becomes Busan, Taegu becomes Daegu and Kwangju becomes Gwangju.
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British film critic Tony Rayns, a guest at the Pusan festival, thinks not.
Ms Mehta was applauded last week at the tenth Pusan film festival.
"It is sitting on huge property assets, " he says, including a factory site near Pusan that can be turned into a housing development.
After doing the film-festival rounds (Venice, Toronto, Pusan), the Gong Li-Jeremy Irons starrer Chinese Box finally made it to mainstream American movie screens last week.
Or, Daewoo could move some of its auto manufacturing to Pusan.
Samsung's first cars rolled off the Pusan line in March 1998, just as recession was settling into South Korea and stifling consumer spending of all kinds.
It was a flame that survived the Pusan Perimeter and landed at Inchon and even during those cold dreaded days and nights at Chosan, it still continued to burn.
Trudging through the snow, they make their way down the Korean peninsula to the south coast, perhaps to Pusan itself, where they board a boat for their final destination.
The Chinese city of Shanghai, which last year overtook Kaohsiung as the world's fourth-largest port (after Hong Kong, Singapore and South Korea's Pusan), saw traffic rise by an almost-as-impressive 35.6%.
And, as if more proof were needed that Korea aspires to become a player on the global screen scene, the first Pusan International Film Festival, last August, displayed some of the trappings normally associated with major movie celebrations in the West.
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