Effects of Urban Regeneration on the Changing Housing Structures in South Korea

Abstract

Background: The study explored the history of South Korean housing and urban development with focus on a number of changes that have since taken place after major urban regeneration projects. The objective is to discover some of the factors behind the successes of Urban Regeneration and the National Housing and Urban Fund (NHUF) in South Korea. In the end, the impacts of NHUF are discussed with their links to various housing projects, particularly apartments. Objectives: The key research objectives include investigating how urban regeneration affected and changed the housing structures in South Korea, the changes that have come about as a result of Urban Regeneration in South Korea, the role of NHUF on the implementation of urban regeneration project in South Korea, the challenges faced by NHUF, and new ways of improving urban housing. Research Design: The study used a mixed method of data collection. Both qualitative and quantitative methods were applied to systematically integrate data on the history of South Korean housing and urban development. Setting and location: Republic of Korea Results: The systematic reading of the regulatory plan indicated a clear divide between the central urban areas found within the municipality and the marginal that are not found within the municipality. The results indicate that from the center of the city moving outwards, the good conditions tend to slowly fade, creating room for deteriorated areas. There is also a difference based on the characteristics of the population of the cities concerned. The distribution is also based on the level of education. A higher percentage represents elementary qualifications or those without degree while lower percentages of inhabitant represent those with high levels of qualifications. Conclusion: In conclusion, it is evident that for successful urban regeneration in South Korea, the element of planning such as sustainability, urban simulation, and local identity need to be put into consideration in areas where regeneration has to be carried out. The paradigm that has emerged based on the demands of each age is determined according to the level of acceptance as well as the executions of the demands of the prevailing circumstances and time. The manner in which regeneration is realized in each region should always be diverse. The strategy of urban regeneration should therefore be considered in South Korea. Recommendations: There is need for South Korean cities to have multi-stakeholder systems to be able to adequately prepare and market their economy both locally and globally. Agencies need to collaborate to be able to develop and promote and develop the country. The national government should recognize the significance of the local communities in the process of urban regeneration. Keywords: Land Use Planning, Urban Regeneration, Housing Redevelopment, Environment Readjustment DOI: 10.7176/JHMN/89-05 Publication date: May 31 st 2021