2009, Vol.60, No.

The Korea Spatial Planning Review 2023 KCI Impact Factor : 1.2

pISSN : 1229-8638
https://journal.kci.go.kr/krihs

This study is presented new upgrading program as holistic regeneration system part of the social regeneration program which can improve residential environment preserving regeneration area's own neighbourhood. For this purpose, we divide regeneration area into three classes considering social and economical conditions and also suggest mixing program, redevelopment by lot, renewal program of block housing for each classes. The new upgrading program as holistic regeneration system as a way to overcome tenant issues and community disorganization is a holistic approach improvement system based on sustainable and gradual housing renewal by providing rental houses to residents and securing community facilities To practice this program effectively, it is the first consideration to solve these four tasks below. First, we need to arrange various policies for the community-led regeneration out of the administration-led regeneration. Second, the improvement program for residents which solve area's enormous problems has to be groped. Third, self- control supporting improvement system which is fundamental and continuous improvement has to be exterminated. Lastly, the holistic support system including from regeneration master plan to improvement and control system is required to prevent re-deprivation.

The purpose of the study is to analyze an effect of foreigners direct investment in the Dongnam region(Busan, Ulsan and Gyeongnam) on other domestic regions and national economy with MRDCGE(Multi-Regional Dynamic Computable General Equilibrium Model). As the results of the analysis, they were as follows. First, FDI of the Dongnam region increased GRDP of the Dongnam GRDP of the whole area. Second, in an effect of FDI of the Dongnam region on national account, GDP, consumption and investment was increased. Third, in the event of making an estimate of income redistribution with Gini coefficient, FDI of the Dongnam region decreased income redistribution by each region slightly. However, in the event of making an estimate of income redistribution by each region through Lorenz curve, it was not distinct whether FDI of the Dongnam region improved or decreased income redistribution by each region. Conclusively, it is estimated that FDI of the Donganm region improves an efficiency of other regions and national economy as well as the Dongnam region, not largely decreasing income distribution by each region.

This paper provides the insights on the structure of the various lease contracts in real estate market, Korea. There are all deposit no rent type(‘chonsei’), monthly rent with deposit type, and pure monthly rent type, and more rent/deposit ratio has various spectrum according to market conditions and landlord/tenant financing conditions and credit status. Previous studies assumed that there are linear relationship in deposit with monthly rent via monthly rent conversion rate. However they have an important error to ignore the risk-return trade-off relation of investment theory. This paper develops and investigates empirically the condition of risk-neutral pooling equilibrium to equalizing equity income rate without regard to deposit ratio. This concept is rationalized, because landlords have not informed about tenants' credit status and business prospects.