Gangdong-gu Seongnae 2-dong Urban Regeneration Activation Area, Project Accelerates

Seongnae 2-dong Urban Regeneration Activation Area, Gangdong-gu

[Asia Economy Reporter Donghyun Choi] The Seongnae 2-dong Urban Regeneration Activation Area in Gangdong-gu, Seoul is set to begin full-scale projects.

On the 18th, the Seoul Metropolitan Government announced that it held the 9th Urban Regeneration Committee meeting and conditionally approved the 'Seongnae 2-dong Urban Regeneration Activation Plan.' The Seongnae 2-dong area is a region where over 73% of buildings are more than 20 years old, and both local businesses and population have been steadily declining, raising concerns about deterioration. Accordingly, after two rounds of Hope Site projects in 2016 and 2017, it was selected as a Seoul-type Urban Regeneration Activation Area on October 10, 2018.

To share and resolve local issues, the plan was developed through a process of gathering residents' opinions via surveys, workshops, and public hearings, as well as expert consultations, administrative councils, and discussions with related organizations. The main contents of the Urban Regeneration Activation Plan are divided into four areas: ▲Creating commercial districts that anyone wants to visit ▲Making safe and walkable alleys ▲Building sustainable communities ▲Establishing urban regeneration infrastructure. A total of nine pilot projects will be implemented with an investment of 10 billion KRW by 2023 (9 billion KRW from Seoul City and 1 billion KRW from Gangdong-gu).

With the approval of this review, Gangdong-gu will proceed with the official notification process for the activation plan, and then enter the full-scale implementation phase of the urban regeneration project. It is expected that in 2023, 'Seongnae 2-dong, rewritten with the future of sprouts in mind' will be created.

Yang Yong-taek, Director of Regeneration Policy Planning, stated, “Seongnae 2-dong is a high-potential area that can drive regional economic growth through the activation of specialized streets as a hinterland of the Cheonho and Gildong areas. We expect this urban regeneration project to serve as a leading model of a general neighborhood type that revitalizes commercial districts and improves the aging residential environment.”

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