Seoul City Selects 6 New Urban Regeneration Hope Sites... Up to 180 Million KRW Support

[Asia Economy Reporter Onyu Lim] The Seoul Metropolitan Government announced on the 3rd that it has selected six new Hope Sites for urban regeneration projects, including Yongsin-dong in Dongdaemun-gu.

The 'Hope Site Project' was established to support preparatory activities by local residents before starting urban regeneration projects. It carries out publicity, education, and small-scale environmental improvement projects to build consensus and strengthen residents' capabilities.

The newly selected Hope Sites are ▲ Yongsin-dong, Dongdaemun-gu ▲ Myeonmokbon-dong, Jungnang-gu ▲ Daehak-dong, Gwanak-gu ▲ Dobong 1-dong, Dobong-gu ▲ Hwagok 2-dong, Gangseo-gu ▲ Dasan-dong, Jung-gu.

The selection was made through document screening, on-site inspection, and presentation evaluation of 10 administrative neighborhoods that applied through a public contest in October. The project period is 12 months.

The city increased the Hope Site support fund to a maximum of 180 million KRW to enable distinctive urban regeneration projects that reflect the identity of each area.

Existing projects such as providing spaces for resident gatherings, urban regeneration education, local surveys and discovery of urban regeneration agendas, and dispatching coordinators to revitalize communities will continue, and investigations into the area's humanities, social, and historical cultural resources will be strengthened.

Since starting the Hope Site Project with 19 locations in 2016, the city has selected and supported 32 sites in 2017, 15 sites in 2018, and 10 sites last year.

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