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Ulsan City, located in the southeastern region of South Korea, has been experiencing a decline in population and GDP. It is also a nuclear-free zone city, which adds to its unique circumstances. The 21st World Korean Business Convention was the topic of discussion with plans to participate and collaborate with others to boost the city's economy. The meeting involved discussing the schedule and cooperation plans, among other things. Additionally, there was talk of collaborative research projects between Korean and US universities, specifically in the area of Korean market research.