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An Analysis on Entrepreneurship as a Tool for Urban Regeneration : Focusing on the Regions for Urban Regeneration

Kim Somin 1,  Jung, Hye-Jin 1

1한국기술교육대학교

Accredited

ABSTRACT

Urban Regeneration has been paid much attention from policy makers and academic researchers since the enactment of Special Act on the Promotion of Urban Renewal as well as the nomination of 13 regions for urban regeneration. Start-ups utilizing the various types of regional capital is supposed to help regions where local demand is decreasing. This expectation leads to regional plans and programs for supporting nascent entrepreneurs. The purpose of this study is to explore whether start-ups can contribute to regional regeneration through new products with idiosyncratic regional capital. Despite the popularity of the urban regeneration programs, it turns out that entrepreneurial activities and government supports do not exist in five regions among the thirteen urban regeneration leading regions. Furthermore, we find that the positive aspects of start-ups are insignificant because of several structural limitations including the focus on hard-ware aspects, low start-up rates, insufficient utilizations of regional capital, and myopic regional strategies for economic development. Based on the results, we suggest several policy implications that can enhance regional economic redevelopment and regeneration.

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* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.
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