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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By the end of the next month, they had driven the Korean army all the way south, to Pusan.
British film critic Tony Rayns, a guest at the Pusan festival, thinks not.
Traffic jams in Seoul and Pusan are accompanied by a cacophony of slamming doors, yells of abuse and occasional punch-ups.
Pusan was picked as the company's headquarters because, many believe, it was a power base for former president Kim Young Sam.
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.
Even in his political stronghold, the southeast city of Pusan, three-quarters of the voters surveyed said that they were against Kim Young Sam's return to active politics.
When North Korea invaded the South, pushing the allied forces into a tiny sliver of territory - the Pusan Perimeter - it seemed like the war could be lost.
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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%.
From the landings at Inchon to the Pusan Perimeter, from Heartbreak Ridge to Chosin Reservoir, our forces fought with immeasurable courage in one of the defining moments of the Cold War.
In four days he had captured Seoul, and soon he pushed the South Korean and American armies into a small perimeter around the southern city of Pusan--in other words, almost into the sea.
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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