Geumcheon-gu Doksan 2-dong Selected as Seoul-type Urban Regeneration Area

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[Asia Economy Reporter Jong-il Park] Geumcheon-gu (Mayor Yu Seong-hoon) announced that the area around 1035, Doksan 2-dong (near Doksan Elementary School) has been selected as the target site for the ‘2020 Seoul-type Urban Regeneration Activation Area.’

The Urban Regeneration Activation Area is a statutory urban regeneration project aimed at improving the living environment at the community level, expanding basic living infrastructure, revitalizing communities, and revitalizing the local industrial economy. In August, Seoul City conducted a public contest and evaluation among autonomous districts to select target sites, focusing on aging low-rise residential areas such as those involved in the Hope Site Project and Alleyway Regeneration Project.

Geumcheon-gu’s Doksan 2-dong, which is currently undergoing the Urban Regeneration Hope Site Project, was finally selected after fierce competition including on-site inspections and presentation evaluations, and will receive 10 billion KRW in seed funding from Seoul City for five years starting this year.

If additionally selected for the Urban Regeneration New Deal Project promoted by the government in the future, an additional 15 billion KRW in national and city funds can be supported, expanding the total project cost to up to 25 billion KRW.

This seed funding will be invested in improving the overall residential environment, such as alleyway maintenance and supply of basic living infrastructure.

The area around 1035, Doksan 2-dong, newly designated as an Urban Regeneration Activation Area, is an aging low-rise residential area of approximately 103,000㎡ near Doksan Elementary School. It has been a region where issues such as lack of living SOC facilities like community centers, parking problems due to narrow alleyways, and pedestrian safety concerns for elementary school students commuting to school have been continuously raised.

Seoul City cited the active participation of Doksan 2-dong residents and the district’s strong will for successful project implementation as reasons for the selection, expressing expectations that Doksan 2-dong will become a successful model for environmental improvement of aging low-rise residential areas and regeneration projects linked with elementary schools.

The district will promptly proceed with follow-up measures such as installing an on-site urban support center within the project area and appointing a general coordinator, accelerating project promotion including the establishment of an activation plan. In consultation with Seoul City, a house repair specialist will be operated from the early stages of the project within the target area.

The house repair specialist will provide customized consultations from the residents’ perspective for housing repairs, maintenance, and small-scale renovation projects. Residents will be able to receive support for house repair subsidies and loan projects for well-maintained houses from the time the Urban Regeneration Activation Area is designated.

Mayor Yu Seong-hoon said, “The selection as an Urban Regeneration Activation Area is the result of efforts achieved through voluntary participation and cooperation of local residents for urban regeneration activation and the district’s proactive will.” He added, “We will do our best to make the Doksan 2-dong Urban Regeneration Activation Project a successful role model for improving the residential environment of the district’s aging low-rise residential areas.”

This content was produced with the assistance of AI translation services.