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Comparison of Survival Rate in Food Service Industry between Growing Commercial Districts and Declining Commercial Districts of Seoul

LEE DONG HYUN 1 Lee Jae Kyung 1 Cheon SangHyun 1

1홍익대학교

Accredited

ABSTRACT

Commercial districts grow and decline for a variety of reasons, such as urban redevelopment and gentrification, over time, which affect the survival of commercial facilities in the districts When analyzing the survival and the closing of commercial facilities in commercial districts, one should consider temporal changes of the commercial districts : growth and decline. This research analyzes and compares the survival and the closing of commercial facilities that are located in differing types of commercial districts that experience growth vs. decline , focusing on the restaurant industry in Seoul. To this end, we classify growing- and declining- commercial districts based on the Commercial area Vitality Index. Second, we analyze the difference in survival rates by the types of commercial districts. The results of this study are as follows. First, we divided Seoul into five types of commercial districts based on the Commercial area Vitality Index . Second, comparing the survival functions of commercial facilities operating in the differing types of commercial area, we confirmed that the restaurant industry has the highest survival rate in areas where commercial activities are active and have become stronger over time.

Citation status

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

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