Economic Recession, Credit Crunch and Urban Regeneration

Dr. Shinwon Kyung, formerly at University of Birminham, now Urban Institute in Washington D.C., has proposed to form an international reserach network to examine the recent change of each country's urban regeneration policy vis-a-vis credit crunch and economic recession culminated by the collapse of mortgage lending system in US two years ago. While Western countries has been struggling to escape the crisis, Korea seems to have only a minor damage as it resumes the high rate of growth. There emerges however some signs of malfunction in finanical aspect of houing, urban development and regional economic development.


LH
o LH in debt - Seoul Shinmun 2010. 8. 5.
o LH cancels Bucheon redevelopment projects - Seoul Shinmun 2010. 8. 5.
o LH in debt - JoongAng 2008. 8. 4.
o LH withdraws its commitment on redevelopment projects in Gyunggi area

Yongsan Railroad Yard
o Early sings - Pressian 2009. 11. 19.
o Financial trouble - Pressian 2010. 7. 7.
o Financial problems of Yongsan Railroad Yard Development 2010. 8. 6.
o Financial problems in Yongsan Yard - JoongAng 2010. 8. 7.
o Financial problems of Yongsan Yard - JoongAng 2010. 8. 7.
o Financial trouble of Yongsan Yard - DongA 2010. 8. 9.
o Financial trouble of Yongsan Yard - Ohmynews 2010. 8. 9.
o Finacial trouble of Yongsan Yard - JoongAng Ilbo 2010. 8. 12.
o Hankyeoreh 2010. 8. 19.

Free Economic Zone
o Cancelation of free economic zones under review 2010. 8. 6.
o Cancelation of free economic zones under review
o Free economic zones 2010. 7. 16.
o Songdo FEZ 2010. 9. 3.
o Songdo FEZ 2010. 9. 6.
o Songdo FEZ 2011. 7. 2.

Housing Market
o Newtowns in Seoul metropolitan area - Hangeoreh 2010. 8. 12.
o Local Housing Market - Hangeoreh 2010. 8. 12.

Overall
o Wide range of project cancelation - Pressian 2010. 8. 16.