KJC Korea
Journal Central

The demand for second homes has increased remarkably alongside the adoption of working from home and residential mobility since the outbreak of the COVID-19. In Korea, there was also political recognition that multiple dwellings can be an opportunity for repopulation and local revitalization. This research aims to establish the concept and characteristics of second homes, representing multi-habitation, by exploring international academic literature on concepts and advantages (or challenges) for local communities, and by analysing how policies have evolved along with the concepts and impacts that affected second home development in the UK. In conclusion, this research stresses conceptualising second homes broadly according to the use, purpose and types of properties, and proposes three key factors for second home development (such as the conditions preferred by diverse user groups, rental platforms, governance involving developers and managers at an early stage and the leadership of local authorities) for future research on corroborating the current trend of second homes and guiding policies in Korea.

It takes a long time for urban regeneration projects to strengthen the self-sufficiency of declining areas and achieve their desired effects, so implementing such projects together with the private sector can have the benefits of reducing financial burdens and ensuring project sustainability. Given that urban regeneration projects thus require the involvement of private capital, this study analyzed the relevant factors. After an analysis of previous studies, this study used two Delphi surveys to identify the structure and factors for AHP analysis, and then conducted said AHP analysis to find the decision-making factors determining private capital participation in urban regeneration projects. The analysis demonstrates that, among the major categories, the business feasibility index is highly important, and among the mid-level sub-categories, “business risk aversion- investment expansion plans” is weighted heavily. Among the detailed factors, prior to the research we anticipated that profitability would be the most important factor for the participation of private capital in urban regeneration projects, but our analysis showed that business risk aversion factors, namely land acquisition, location, and local governmental participation in relation to licensing and permits, were the most important detailed factors. This appears to demonstrate that factors that help avert business risks while securing an appropriate rate of return are judged to be more important than high profitability for urban regeneration projects. In addition, heavily weighted detailed factors included the expansion of floor area ratios and usage conversion (under the category of investment expansion plans), and REITs (under the category of the capital participation method), which were analyzed to be structural factors that can induce stable private capital participation with an appropriate rate of return.

This study analyzes the factors for determining land prices in the eastern district of Gyeongseong by constructing digital data from the “Gyeongseong Land Registration List”(1927) and "Gyeongseong Land Registration Map"(1929). The Eastern District is an area that grew into a rich village with modern infrastructure, reflecting the changes taking place in Gyeongseong during the same time. Therefore, it is possible to infer the entire land market in Gyeongseong through research into the eastern district. In order to analyze the factors affecting land prices, a regression analysis was conducted using land price as a dependent variable, and land characteristic factor, accessibility factor, and location characteristic factor as independent variables. As a result, the distance from the CBD(Central Business District), which was noted from the initial study on factors for determining land prices, was also a factor that influenced land prices in Gyeongseong in the 1920’s. In addition, this study suggests that land use, together with the nationality of the land owner, influenced land prices, highlighting the impact of the circumstances of the Gyeongseong land market and Japanese colonial rule. This study also shows that, unlike modern city public transportation, anchor facilities and educational facilities have a lower or negative impact on land prices.

Innovation processes are highly important in solving big societal challenges that exist on a global scale such as climate change, ageing cities, and health and mobility issues. The role of cities and the urban context is crucial in this aspect. Urban Living Labs is a great methodology for solving these modern city challenges through the complex integration of multi-dimensional solutions. This study analyzed the cases of the Malleswaram Urban Living Lab (M-ULL) in Bengaluru and the Panaji Project Urban Living Lab (P-PULL) in Goa in the context of improving walkability in urban areas in India. The research method was as follows. First, the selected living lab cases were explained according to the innovation development process. Second, the 20 evaluation criteria of the European Network of Living Labs (ENoLL) were mapped to the components of the Extended Business Model Canvas (EBMC). Based on this, a Stakeholder Map of Living Lab was analyzed. Third, the characteristics of Urban Living Lab (ULL) were presented by grouping in the components of the Extended BMC. And based on the suggested characteristics, we offer a Proposition for the sustainable development of an Urban Living Lab.