Daejeon is South Korea's fifth-largest metropolis. Daejeon had a population of over 1.5 million in 2010. Located in the central region of South Korea, Daejeon serves as a hub of transportation and is at the crossroads of major transport routes. The capital Seoul is about 50 minutes away by high-speed train.
Daejeon is one of South Korea's administration hubs with the Daejeon Government Complex (Other administrative hubs: Seoul, Gwacheon and Sejong). The Korean administration in the 1980s decided to relocate some of its functions from Seoul, the national capital, to other cities. Currently, 12 national government offices, including Korea Customs Service, Small and Medium Business Administration, Public Procurement Service, National Statistical Office, Military Manpower Administration, Korea Forest Service, Cultural Heritage Administration, and Korean Intellectual Property Office, as well as Patent Court of Korea, are located in Daejeon. Korea Railroad Corporation, Korea Water Resources Corporation, and Korea Minting and Security Printing Corporation are also headquartered in the city.
Daejeon has 18 universities, including Korea Advanced Institute of Science and Technology, Chungnam National University, Hanbat National University, Hannam University, and Korea University of Science and Technology. Daejeon has earned its name as "Asia's Silicon Valley" and "high technology city". The city hosted the Taejon Expo '93 and the International Mathematical Olympiads in 2000. Several important research institutes are based in the city.
Daedeok Innopolis (Daedeok Research and Development Special Zone) is composed of 28 government-funded research institutions, as well as 79 private research institutes with as many as 20,000 researchers. In addition, Daejeon established the World Technopolis Association (WTA) in 1998 with the view of realizing regional development through international cooperation with world science cities. The WTA has grown to have 67 members from 32 countries, and it actively cooperates with many international organizations including UNESCO as its official consultative body.