International Real Estate Investment and Urban Development: An Analysis of Korean Activities in Hanoi, Vietnam

Kim, Hyung Min

doi:10.1016/j.landusepol.2020.104486

Cited by 29 publications

(16 citation statements)

References 51 publications

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“…With Chinese FDIRE expanding worldwide, it will also be increasingly important to not only examine its drivers, but also its effects. Such work would complement existing studies investigating the spatiality of FDIRE at the intra-urban and global levels, which reveal new patterns of uneven urban and regional development spurred by both globalization and neoliberalism (Jung et al, 2013; Kim, 2020; Kim et al, 2015; Lizieri, 2009; Zhu et al, 2006). As Chinese FDIRE goes global and penetrates highly deregulated real estate markets such as the U.S., it could exacerbate housing inequalities.…”

Section: Discussionmentioning

confidence: 83%

“…Nevertheless, these motivations have largely been identified through research into real estate investments originating in developed countries. It is therefore possible that these studies may omit some of the variables that can explain FDIRE from non-Western countries, which are responsible for an increasing proportion of global real estate investment (Kim, 2020; Lizieri, 2009; Zhu et al, 2006).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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The uneven geography of real estate investment by Mainland Chinese state-owned and private enterprises in the U.S.: Local market conditions, migration, and ethnic networks

Bennett

Jiang

2022

Environ Plan A

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Since the 2010s, foreign direct investment in real estate (FDIRE) by Mainland Chinese firms has emerged as a major force within global real estate markets, challenging Western investors’ traditional dominance. It is unclear, however, whether Mainland Chinese FDIRE is fueled by the same motivations as those of investors from advanced economies, which to date have represented both the primary investors and main objects of study. One major difference may be that Mainland Chinese investment originates in an institutional environment comprised of strong state intervention and social networks important for fostering business and ethnic ties. To uncover the potentially unique determinants and heterogeneity of Mainland Chinese corporate real estate investors, we build and analyze a state-level panel dataset of Mainland Chinese FDIRE by state-owned enterprises and private enterprises in the U.S. from 2010 to 2017. Our empirical results reveal the importance of Chinese migrants in promoting Mainland Chinese real estate investment, especially by private enterprises. Our findings also demonstrate that at the state level, Mainland Chinese FDIRE exhibits few agglomerative tendencies.

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Section: Discussionmentioning

confidence: 83%

Section: Theoretical Backgroundmentioning

confidence: 99%

The uneven geography of real estate investment by Mainland Chinese state-owned and private enterprises in the U.S.: Local market conditions, migration, and ethnic networks

Bennett

Jiang

2022

Environ Plan A

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“… Livability: Livability is in the interest of all key actors. Residents benefit from enhanced livability ( Kim and Cocks, 2017 ); ICT firms sell all kinds of products to end users who look for better living conditions; urban planners aim to design livable cities; and real estate industries can make a profit by developing more livable properties ( Kim, 2020 ). Although livability is broad in concept, safety, quality of built environments, walkability, the convenience of public facilities, access to transport and natural environments are keys to livability ( Southworth, 2003 ).…”

Section: The Evolution Of Cities From Being Ordinary To Being Smartmentioning

confidence: 99%

“…Another important group of urban professionals is developers. Much of urban development is realized by real estate investment which is a major role played by developers who directly invest or attract investors ( Kim, 2020 ). Developers and real estate investors seek out higher rates of return as a private sector.…”

Section: Smart City Drivers and Actorsmentioning

confidence: 99%

Smart cities as a platform for technological and social innovation in productivity, sustainability, and livability: A conceptual framework

Kim

Sabri

Kent

2021

Smart Cities for Technological and Social Innovation

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“…South Korean companies have a significant recent history of outward FDI in countries across the Asian region including China, Hong Kong and Vietnam that have preceded and remained largely disconnected from more recent initiatives to go abroad with urban leadership (Kim, 2020). Moreover, the approach as currently articulated does not appear to demonstrate this close connection as is the case with Singapore and China, implying current government approaches to "going abroad" are fragmented and uncoordinated with limited capacity to lead outward FDI of private firms to date.…”

Section: Formmentioning

confidence: 99%

Exporting Urban Korea?

Park¹,

Shin²,

Kang³

2020

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A detailed examination of the "Korean development model" from its urban dimension, evaluating its sociopolitical contexts and implications for international development cooperation.There is an increasing tendency to use the development experience of Asian countries as a reference point for other countries in the Global South. Korea's condensed urbanization and industrialization, accompanied by the expansion of new cities and industrial complexes across the country, have become one such model, even if the fruits of such development may not have been equitably shared across geographies and generations. The chapters in this book critically reassess the Korean urban development experience from regional policy to new town development, demonstrating how these policy experiences were deeply rooted in Korea's socioeconomic environment and discussing what can be learned from them when applying them in other developmental contexts. This book will be of great interest to scholars and researchers in the field of urban studies and developmental studies in general, and Korea's (urban) development experience in particular.

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International Real Estate Investment and Urban Development: An Analysis of Korean Activities in Hanoi, Vietnam

Cited by 29 publications

References 51 publications

The uneven geography of real estate investment by Mainland Chinese state-owned and private enterprises in the U.S.: Local market conditions, migration, and ethnic networks

The uneven geography of real estate investment by Mainland Chinese state-owned and private enterprises in the U.S.: Local market conditions, migration, and ethnic networks

Smart cities as a platform for technological and social innovation in productivity, sustainability, and livability: A conceptual framework

Exporting Urban Korea?

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