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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 KTX 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. Korail, 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.
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