Seoul City Launches 2nd Generation Urban Regeneration... "Development + Preservation in Parallel"
Seoul City Approves Amendment to 2030 Urban Regeneration Strategic Plan
[Asia Economy Reporter Kim Hyemin] Seoul City is set to actively promote the '2nd generation urban regeneration,' which simultaneously pursues development and preservation.
On the 23rd, Seoul held the 5th Urban Regeneration Committee meeting and announced on the 25th that the '2030 Urban Regeneration Strategic Plan Amendment' was approved as originally proposed.
This plan is the highest-level statutory plan in the field of urban regeneration, established under the Special Act on the Promotion and Support of Urban Regeneration. The city has been pushing for this strategic plan amendment to establish an institutional foundation to concretely realize the shift in urban regeneration direction announced in June last year.
The amended strategic plan sets a new policy direction of 'balanced development in declining areas.' It also redefines the basic direction of urban regeneration to restore balance between development and preservation, and includes operational plans for revitalization areas such as diversifying maintenance methods within regeneration zones.
Furthermore, following the strategic plan amendment, five new general neighborhood-type urban regeneration activation areas have been newly designated, expanding from the existing 47 locations to 52. The newly designated areas are the Mangru Bon-dong area, Sinwol 1-dong area, Doksan 2-dong area, Hwagok Central Market area, and Yongnap Sangga Market area. The previously designated Janghanpyeong area has changed its type from economic base type to central urban area type.
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The city plans to announce the approved '2030 Urban Regeneration Strategic Plan' early next year through the city gazette and proceed with full-scale implementation. Yeo Jang-kwon, Director of the Balanced Development Headquarters, stated, "With this strategic plan amendment, an institutional foundation has been established to revitalize declining areas through various means, and we will enhance urban competitiveness through 2nd generation urban regeneration."
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