Revitalizing Declining Areas by Identifying Gangbuk-style Urban Regeneration Projects

Gangbuk-gu and Korea Land & Housing Corporation Sign Basic Agreement on Urban Regeneration

[Asia Economy Reporter Park Jong-il] Gangbuk-gu has taken a strong first step to discover and promote a new ‘Gangbuk-type urban regeneration project.’

Gangbuk-gu (Mayor Park Gyeom-su) announced that on the 29th of last month, it signed a basic urban regeneration agreement with Korea Land and Housing Corporation (LH) at the district office’s planning situation room.

At the event, Gangbuk-gu Mayor Park Gyeom-su and Park Hyun-ok, Head of the Regional Balanced Regeneration Division of LH Seoul Regional Headquarters, signed an agreement to jointly promote a ‘feasible urban regeneration project.’ The ‘feasible urban regeneration project’ refers to a customized project aimed at revitalizing declining areas.

The declining areas are places where residents have strong development aspirations due to population decline and aging housing, as they are restricted by various regulations such as the highest altitude district around Bukhansan Mountain.

In addition to the existing urban regeneration activation projects and managed residential environment improvement projects being carried out in these areas, the need for more precisely designed, region-customized specialized projects has been raised.

The two organizations will share tasks to find projects suitable for the purpose of the agreement. The district will oversee the comprehensive urban regeneration plan, and LH plans to conduct a basic conceptual service to materialize the project. They also plan to jointly participate in public land development projects and central government public urban regeneration projects implemented in the region.

Gangbuk-gu Mayor Park Gyeom-su said, “For smoothly executable and sustainable urban regeneration, we will proceed with projects based on resident participation and communication as we have done before,” and added, “We will improve the quality of life of district residents through urban regeneration that reflects the characteristics of neighborhoods and alleys.”

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