| Title |
Analysis of Present Incentive Systems for Urban Regeneration Projects in Korea |
| Keywords |
인센티브 ; 도시재생 ; 용적률 Incentive System ; Urban Regeneration ; FAR |
| Abstract |
Incentive system can be an effective tool to accomplish the goals of urban regeneration projects. Incentive system can guide the private development to meet public needs, and compensate the private developers’ contribution of providing public facilities. The present incentive system in Korea, however, cannot effectively guide and support urban regeneration projects due to several problems. This study intended to analyse the problems and explore future directions of amendment for the incentive systems determined in the laws related to the urban regeneration, such as Urban Planning Law, Urban Redevelopment Law, Urban Development Law and Urban Regeneration Law. The most serious problem found in the analysis was inconsistency in the incentive programs. The incentive programs of the laws are different in the requirements, calculation method and types of incentives. These differences can cause confusions and inequalities. In addition, the incentive programs’ limitations in the requirements and the types of incentives can restrict a positive applications of the incentive system. Based on the analysis, the following directions were suggested. First, the incentive systems should be integrated into a coherent structure in a law of high hierarchy. Second, the wide range of incentives which the Urban Regeneration Law provides should be applied into all types of urban regeneration projects. Third, the application of administrative and financial incentives need to be expanded. |