Nope, you have to create a new account. Sony planned poorly in that respect.
A new account? **bleep**???
That really sucks...cuz I've been using that online user name for so long....
then i went to sign up for playstation network and change my location
this was becuase i needed to change it to HONGKONG for this specific download for Ridge Racer 7 since the US store did not have it
another piss of was that i did not know all my ridge racer settings were bound to the old account !!!
so not knowing this i deleted my old account and lost all my progress for RR7 !!
anyways i am back at it
creat a new account and use that
to change your location
i dont know why sony doesnt allow location changes <<
+1 to the *Sigh* I've sent many email to Sony hoping they add the ability to change the country. It would make our gaming lifes much easier.... Well here is the thread I made, Please support it and put all your information in this one thread so we can get Sony's attention: http://boardsus.playstation.com/playstation/board/message?board.id=psnetwork&thread.id=466173
I tried to make it as neat as possible.