Urban regeneration in South Korea

Urban regeneration in South Korea began with the reconstruction following the Korean War. (For brevity, references to Korea hereafter refer to South Korea.)
In the 1980s, the policies and paradigms for establishing new towns changed greatly. Urban regeneration examples include Housing redevelopment projects, housing refurbishment projects, urban environmental readjustment projects and readjustment projects for new cities. In 2017, the Urban Regeneration project proceeded under the name New-Deal Urban Regeneration.
In Korea, urban redevelopment began in 1976. The residential environment was improved by redevelopment of deteriorated homes and inadequate infrastructure. 2.72 million new houses were supplied with redevelopment and reconstruction projects.
However, limitations in the Urban redevelopment project :
Korea designated 41 cities as major cities for urban regeneration from 2006 to 2007. Among them were the area designated as Seoul's first metropolitan district, Jung-gu district, Dongseo shopping area, Daejeon, Korea's eastern district and the eastern part of the Subway Station. These pilot zones were targeted for the improvement of the residential environment, expansion of infrastructure and restoration of urban functions. Meanwhile, the Ministry of Land, Transport and Maritime Affairs (LTM) launched a plan to revitalize the moribund cities by investing 150 billion won in research and development from 2007 to 2013.
In the early 2000s, urban regeneration was a premier topic in academia. In 2006, the Urban Regeneration Project was launched as a research project. The Urban Regeneration Act, enacted on April 13, 2013, followed the establishment of the LTM in 2008. It was decided to promote economic, social, and cultural activities by enhancing the overall capacity of the area and utilizing local resources and utilizing local resources. A special committee for urban regeneration in the Prime Minister's Office, enabled a nationwide implementation.
Korea's new-deal urban regeneration projects are a major national goal of Moon Jae-in's five-year plan. On July 13, 2017, LTM announced that it would finalize the plan in late August. The project was designed to reduce the size of the existing policy and install small scale residential infrastructure desired by residents without large-scale demolition. The area is leading the project and the government actively supports it. In July 2017, LTM stated, "We consider ways to move more than half of the entire business community into Our Community Renewal Project" (CRP). CRP refers to a way to improve residential homes and install small-scale amenities by local communities. Each area carries out projects in accordance with each situation. This is to allow residents to feel the effects quickly.
The government's housing policy is projected by investing in urban regeneration in urban areas. It aims to simultaneously attack economic hardship and revive the city's competitiveness and enhance the quality of life.
LTM announced on December 14, 2017, that it had selected 68 districts as the city's new New Deal Urban Regeneration Project, to be launched in 2018. Eight Gyeonggi Province cities, including Anyang and Goyang, Gwangmyeong, were selected. The sites of potential cultural assets in the region are conspicuous. Mokpo is planning to establish a historic and cultural street linking Mokpo Port, which opened in 1897 and Hadong, which is close to the former Seoul Metropolitan City, as part of a landmark. Samchun, Busan, Samcheon 2-dong, which symbolized the village's steep slope will install an inclined 235-meter (771 ft) elevator. The 68 districts as pilot sites have a total cost of 6.7 trillion won per company. The government provided 5 to 25 billion won per project with state funds, and the rest were collected by local governments. The government plans to designate 68 pilot project sites as urban regeneration zones.
The project goal is to introduce new economic capabilities. It aims to create employment based on existing industrial functions and industries and to stimulate economic recovery to surrounding areas. The institution links urban regeneration, development and urban regeneration with key facilities that have significant economic recovery. It targets areas where employment can be created through composite development projects(anchor businesses).
Typical example