Busan Metropolitan City, also known as Pusan is the largest port city in South Korea and the fifth largest port in the world.[3] Busan has a population of about 3.6 million. It is South Korea's second largest metropolis, after Seoul. The city is located on the Southeasternmost tip of the Korean Peninsula and faces the Korea Strait. The most densely built up areas of the city are situated in a number of narrow valleys between the Nakdong River and Suyeong River, with mountains separating some of the districts. Administratively, it is designated as a Metropolitan City. The Busan metropolitan area is divided into 15 major administrative districts and a single county. Busan was the host city of the 2002 Asian Games and APEC 2005 Korea. It was also one of the host cities for the 2002 FIFA World Cup, and is a center for international conventions in Korea. On November 14, 2005, the city officially announced its bid to host the 2020 Summer Olympics Games.