The Inter-University Symposium on Asian Megacities, Suwon, South Korea, July 11–13, 2024 The Differential Effects of Urban Regeneration Project on Commercial Rent: Focused on Seongsu Urban Regeneration Area Minju Kim1, Jung-Eun Lee2, Seul Lee3, Kangbok...
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The Inter-University Symposium on Asian Megacities, Suwon, South Korea, July 11–13, 2024 The Differential Effects of Urban Regeneration Project on Commercial Rent: Focused on Seongsu Urban Regeneration Area Minju Kim1, Jung-Eun Lee2, Seul Lee3, Kangbok Lee4, and Yunmi Park5 1,2,3,5 Seoul National University, Seoul, South Korea, fironmiful@snu.ac.kr, jelee823@snu.ac.kr,lee2023@snu.ac.kr, ym.park@snu.ac.kr 4 Auburn University, Auburn, United States, kbl0009@auburn.edu ABSTRACT Urban regeneration has emerged as a comprehensive strategy to address problems such as run-down areas, environmental pollution, and inequality. The revitalization of commercial districts, in particular, can regenerate the local economy by creating employment and attracting resident populations. Yet, little is known about the impact of urban regeneration projects (URP) in commercial areas, particularly in East Asia. As such, this paper investigates the impact of a URP on commercial rents in Seongsu, South Korea, wit
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