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https://doi.org/10.37043/JURA.2017.9.2.4
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In-movers' housing choice and gentrification in Seoul
[journal article]
Abstract The Seoul metropolitan government has focused on the expansion of the housing supply to address housing shortage through housing and urban redevelopment programs. The introduction of urban redevelopment programs has resulted in significant improvements in both the quality and quantity of housing in ... view more
The Seoul metropolitan government has focused on the expansion of the housing supply to address housing shortage through housing and urban redevelopment programs. The introduction of urban redevelopment programs has resulted in significant improvements in both the quality and quantity of housing in Seoul. However, urban redevelopment programs have produced gentrification and have contributed to profits for both property owners and developers. It is necessary to identify who is moving into gentrifying neighbourhoods in Seoul and why they engage in gentrification. In order to contribute to a more in-depth analysis, we explore in-movers' socio-economic characteristics and their residential mobility. These questions are analysed using the Korea Housing Survey data. The findings indicate that the majority of in-movers upward homeowners, who are more educated, have a higher income, and are relatively younger. In the Korean urban context, these in-movers can be identified as gentrifiers and key figures in urban and housing regeneration programs.... view less
Keywords
gentrification; South Korea; housing market; choice of housing; urban development; urban renewal
Classification
Area Development Planning, Regional Research
Free Keywords
in-movers; housing choice; Seoul
Document language
English
Publication Year
2017
Page/Pages
p. 159-172
Journal
Journal of Urban and Regional Analysis, 9 (2017) 2
ISSN
2067-4082
Status
Published Version; peer reviewed