A Study on the Policy for the Revitalization of Remodeling of Aged Apartment

Abstract

On February 7, 2023, the government issued a “Special Act on the Maintenance and Support of Old Planning Cities” to induce reconstruction projects as part of measures to revitalize housing supply. Some say that the special law is desirable in that it induces the development of 300,000 old houses in the first new city on a metropolitan basis, but critics point out that it will cause controversy over equity and problems that are not specific in the future. In addition, this has shaken the foundation of the remodeling project as well as the system collapse of the remodeling project that has been promoted for decades.
 The government said in a special law that remodeling allows more households to increase within the current 15 percent, but concerns are rising that remodeling will be out of public interest due to reconstruction incentives and business feasibility issues. As a result, it has caused confusion in the direction of housing maintenance for residents of the new city, and from the second new city, which has been promoted since 2007, measures to improve housing through remodeling, not reconstruction, should be proposed. Therefore, this study aims to study how the current government’s reconstruction revitalization policy affects the remodeling market and industry, derive improvement measures, and present the government's remodeling policy tasks.