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Why was the South Korean City 'Busan' recently in news ?

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Why was the South Korean City 'Busan' recently in news ?
1). A major plane accident took place in an Air show in which several spectators died.
2). The last round talks between North Korea and South Korea was held there which failed.
3). In coming January 2003, the 'Vasundhara Summit' will be held there.
4). Busan is the new Capital City of South Korea.


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