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Commercial gentrification revisited: Social capital and community governance in regenerated neighborhoods of South Korea
Abstract In this study, we examine the potential roles of social capital and community governance in commercial gentrification and protection against commercial gentrification, and how rising rent costs as an outcome of commercial gentrification, can be moderated through a win-win agreement within a South Korean metropolitan city. Utilizing an in-depth case study approach with surveys, interviews, and document-based analysis, we examine the perceptions of shop workers on commercial gentrification outcomes and community policy process of a win-win agreement. Our results highlight the positive role of social capital and community governance in mitigating the negative outcomes of commercial gentrification and enhancing the protection against commercial gentrification and satisfaction of urban regeneration policies. The win-win agreement, particularly concerning rising rent fees between tenants and owners within the commercial area revealed the positive potential role in softening gentrification effects.
Highlights Rising rent costs can be moderated through a win-win agreement within a South Korean metropolitan city. The positive role of social capital and community governance in enhancing the protection against commercial gentrification. The win-win agreement between tenants and owners revealed the positive potential role in softening gentrification effects.
Commercial gentrification revisited: Social capital and community governance in regenerated neighborhoods of South Korea
Abstract In this study, we examine the potential roles of social capital and community governance in commercial gentrification and protection against commercial gentrification, and how rising rent costs as an outcome of commercial gentrification, can be moderated through a win-win agreement within a South Korean metropolitan city. Utilizing an in-depth case study approach with surveys, interviews, and document-based analysis, we examine the perceptions of shop workers on commercial gentrification outcomes and community policy process of a win-win agreement. Our results highlight the positive role of social capital and community governance in mitigating the negative outcomes of commercial gentrification and enhancing the protection against commercial gentrification and satisfaction of urban regeneration policies. The win-win agreement, particularly concerning rising rent fees between tenants and owners within the commercial area revealed the positive potential role in softening gentrification effects.
Highlights Rising rent costs can be moderated through a win-win agreement within a South Korean metropolitan city. The positive role of social capital and community governance in enhancing the protection against commercial gentrification. The win-win agreement between tenants and owners revealed the positive potential role in softening gentrification effects.
Commercial gentrification revisited: Social capital and community governance in regenerated neighborhoods of South Korea
Seomun, Gyu (author) / Kim, Hyun (author) / Woosnam, Kyle Maurice (author) / Kim, Hyewon (author)
Cities ; 149
2024-03-18
Article (Journal)
Electronic Resource
English
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