Financial Support for Neighborhood Regeneration: A Case Study of Korea

Abstract

This study examined the relationship between financial support and neighborhood regeneration in Korea. A questionnaire about neighborhood regeneration projects was administered to 175 Korean respondents in the regeneration field. Results found that the housing revitalization project needed more public funds than private funds for successful outcomes. The private sector participation project required public-private cooperation. The local economy vitalization project needed public funds to build infrastructure. The local living improvement project needed public funds for infrastructure. The local living network project could be led by public funds including the facility fund. The local economy operation project required public and private funds for local programs and facility support. The results offer the optimization of financial support efficiency by providing customized support funds for neighborhood regeneration projects.