{"title":"A Study on the Linkage Between Housing Assets Owned by the Elderly and Welfare Housing for the Elderly Using STO","authors":"Jung Woon Kim, Naghyeon Joung, Chang-heum Byeon","doi":"10.21447/jusre.2022.13.3.171","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.3.171","url":null,"abstract":"This study intends to propose a new model linking the asset securitization of housing owned by the elderly and securing funds for the construction of welfare housing for the elderly by using STO. This study proposes a five-relationship model consisting of five protocols, centered on the STO trading platform. As a result of simulations for multi-family houses owned by the elderly, the elderly who own a house can secure the occupancy fee and monthly payment of the elderly welfare housing without debt, and the STO investor has a stable investment return regardless of fluctuations in housing price. The model using the STO can be expected to provide liquidity to the elderly who have a high housing ownership rate and should burden high housing maintenance costs and to expand the supply of welfare housing for the elderly. In order to revitalize STO, it is necessary to revise the Capital Market Act to enable the issuance of STO, and to improve the guarantee system and system that allows for sale of housing for the elderly.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129717446","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Association of Delivery and Takeout of Food Service Business and the Area of Store","authors":"Sang-Ha Lee, Joonho Ko, Jeong-Hyeon Rho","doi":"10.21447/jusre.2022.13.3.63","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.3.63","url":null,"abstract":"The purpose of this study is to association of delivery and takeout service of food service business and the area of store. And investigate the association of the commercial districts, types of business, years, and places and the area of store. The results of the study are as follows : First, the proportion of delivery and takeout has a negative association(-) on the area of store. In other words, the higher the proportion of delivery and takeout services, the less the area of store. Second, there is a difference in the association of the commercial districts, types of business, years, and places of the food service business on the area of store. In other words, it was analyzed that the area of stores decreased significantly as the year passed, the larger the proportion of delivery and takeout, the larger the area, and in the smaller cities rather than in the metropolitan area. Third, it was found that 2020 had a statistically significant difference compared to 2018 and 2019. It is estimated that 2020 was the most affected by COVID-19. The appropriate area and location of the business are very important factors for start-up because it affects the rent, and it suggests the possibility of changes in the commercial facility rental market.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115600417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Study on the Construction of Land Price Index: Using Public Announcement of Land Prices of Seoul","authors":"So Yoon Lee, Gyo-eon Shim","doi":"10.21447/jusre.2022.13.3.47","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.3.47","url":null,"abstract":"In Korea, a lot of statistical information on the real estate markets has been constructed and provided in the forms of many statistics to the public. But most of them are on the residential, office, etc., and there remains a dearth of statistical information on the land market. Set in the high demand for the development of the land market index, this study constructed the Laspeyres' chained land price index using annually publicly announced land prices in Seoul. Additionally to improve the timeliness of the statistical information, this study converted the annual index to the monthly index using benchmarking method. At the same time, this study found out that there were statistically significant differences between the two low-level residential indexes as well as between the monthly Laspeyres' chained land price index and the government's official statistics.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123576770","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Study on the Effect of Private-led Commercial Area Revitalization on the Change of the Use Distribution of Buildings in Existing Urban Areas Focused on Incheon Gaehang-ro Area","authors":"Seung-Hwa Jeon, I. Na","doi":"10.21447/jusre.2022.13.2.51","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.51","url":null,"abstract":"Recently, the number of new stores created by young businessmen and their class has been increasing area since the Gaehang-ro project. It can be seen that this study created a trend of change from the opening of the food service industry in an area where the influx of people was limited, centering on the retail industry. This can be identified through changes in the distribution of uses, and the majority of them have changed their uses from vacancies to restaurants. In addition, it can be seen that the number of general restaurants that opened due to the project is steadily increasing, and the distribution of restaurants penetrates into the alley, forming an alley commercial district.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131334880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Study on Urban Planning Directions and Strategies Coping with Pandemic","authors":"J. Hyun, Jang-Hyun Oh, Jae-Hoon Park, Jea-sun Lee","doi":"10.21447/jusre.2022.13.2.89","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.89","url":null,"abstract":"This study aims to propose urban planning directions and strategies that enable building urban space safe from transmissive disease like COVID-19. Through reviewing published articles and interviewing experts of various urban fields, this study derived fourteen planning considerations and reassembled them into five urban planning directions: accssibility, self-sustainability, smart technology, health, and prevention. Also, eighteen strategies covering the following seven urban planning areas were proposed: land use, traffic infrastructure, green infrastructure, public facility, medical facility, residential environment, and urban environment. This study contributes to providing comprehensive urban planning directions and strategies necessary for planning resilient cities in POST-COVID-19 era. Specifying the proposed strategies into different approaches, implementing necessary policy improvements, and conducting pilot projects are required to applicate the result of this study into actual urban planning stage.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130271347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determinants of the Housing Investment during Periods of Increasing Housing Price: Focusing on “Gap Speculation”","authors":"Sungwon Lee","doi":"10.21447/jusre.2022.13.2.21","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.21","url":null,"abstract":"The aim of the study is to examine the determinants of housing gap speculation from 2017 to 2020. Housing price have steeply increased last 5 years in Korea. The median apartment sale prices in the Seoul Metropolitan Areas (SMAs) increased by about 60.5% from about 370 million won in 2017 to about 590 million won in 2021. Housing policy makers believe that young people who cannot afford to buy a house with their own income and assets entered the housing market through gap speculation, and thereby housing prices skyrocketed with increasing housing effective demand. Therefore, various demand-side strategies have been applied to curb speculative demand. Extensive financial borrowing restrictions and increase in tax, nevertheless, have not stopped the rise in housing prices. This study focuses on what gap speculation is and what characteristics gap speculators have. Theoretically, it can be conceptualized as buying a house on a cheonsei contract - a kind of rental agreement, but a unique Korean way to rent a house with only a long-term and large deposit - for the purpose of capital gains without a plan to live there. From the empirical study, we can find several things as follows. Contrary to the stereotype about young speculators, gap speculator tends to increase with age. They can be estimated as a group that are low-income groups compared to renters or homeowners but increase savings by reducing current consumption for future consumption. Their net assets are relatively high, but they reduce housing costs by living in small, old, and poor places. It implies that actual gap speculators can be not general speculators, but can be those who really need affordable places to live in someday.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115131482","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Who Prefers Smart Safety and Disaster Prevention Services?: An Exploratory Approach Using Data from the Jeollabuk-do Social Survey","authors":"Hanming Gu, Kabsung . Kim","doi":"10.21447/jusre.2022.13.2.5","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.5","url":null,"abstract":"Interest in safety and disaster prevention has recently emerged due to the increasing vulnerability to natural and social disasters and an aging society. However, basic research on the consumption of smart safety and disaster prevention services has not been conducted in South Korea. In this paper, we identified socio-demographic characteristics affecting the preference for smart safety and disaster prevention services using data from the Jeollabuk-do Social Survey. We found that respondents who are younger, married, living in residences other than apartments, or in cities are more likely to prefer smart safety and disaster prevention services to other services. The results can be used as basic data in prioritizing the supply of smart safety and disaster prevention services in Jeollabuk-do (North Jeolla Province), and provide policy implications for the provision of smart city services across the nation in the future.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125885950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Study on the Strategies for Utilizing Regional Infrastructures as Tourist Attractions","authors":"Won-Seop Shim, Hyewon Kim, Chang-Sup Shim","doi":"10.21447/jusre.2022.13.2.71","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.71","url":null,"abstract":"As a growing number of people participate in tourism activities, the scope of tourism attractions have been continually extended. In particular, tourists tend to experience local culture and everyday life of the region they visit. In this regard, the current study aims to provide the strategies for utilizing regional infrastructures, which are originally built not for recreational purposes, as tourism attractions. This study conceptualized this new approach of tourism development, introduced similar cases, and suggested step-wise strategies for each different types of regional infrastructures, including strategies for improving tourism contents, service environments, and promotions. It also suggested that success of infrastructure tourism requires shifting paradigm in tourism development, systematically calculating the value of regional infrastructure as tourist attractions and the effective collaboration between different fields.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121040342","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Study to Derive the Expected Loss of Real Estate Project Financing by Banks through Information Memorandum","authors":"Seong-Sil Lee, M. Lim","doi":"10.21447/jusre.2022.13.2.139","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.139","url":null,"abstract":"Accordingly, this study analyzed the relationship between the EL amount and various real estate PF factors based on the current status of real estate PF handling by A Bank from 2015 to 2020. Comparing with previous studies that simply analyzed delinquency, provision rate, and loan quality-oriented analysis, or only negative loans without distinction from approved loans, this study selected and analyzed the EL amount, which is considered more in terms of risk management, together with the implementation of Basel III. It was analyzed by selecting it as a variable. Even if the loan was executed after the loan term and repayment method were confirmed at the time of the loan agreement, it was confirmed that the term and repayment method are not risk variables because early loan repayment is made through income from pre-sale. In addition, it was confirmed that PF, which is a special finance sector other than general corporate finance, is considering acquiring collateral for stable receivables bond collection.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131063864","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Study on the Factors affecting UAM Vertiport Location Selection","authors":"Won-Jin Kim, Jae-hong Park","doi":"10.21447/jusre.2022.13.2.119","DOIUrl":"https://doi.org/10.21447/jusre.2022.13.2.119","url":null,"abstract":"UAM vertiport may have a problem constructing on an unnecessary area if the location selection criteria are not prepared at an early stage. Therefore, it is necessary to conduct a basic study on the factors affecting the proper location selection of vertiport in preparation for the commercialization of urban air traffic system. This study derived the main variables affecting UAM demand. This study presents the evaluation index when constructing the UAM transfer system in the future, and it is important to quantitatively calculate the weights of each influential factor. The first variable was summarized by examining previous studies related to the location and transfer of UAM vertiport. FGI was conducted for experts in each related field, and the final factors were selected and stratified. To calculate the importance of the factors, a survey was conducted for 15 experts and weights were calculated by AHP. As a result of the analysis, it is necessary to first review the installation of UAM vertiport in urban infrastructure for better railway route linkage. Also, areas that can activate urban space should be considered in priority for the installation of vertiports rather than traffic congestion areas. In terms of social acceptability, it is necessary to review the areas where noise and user safety can be considered at the same time.","PeriodicalId":253974,"journal":{"name":"The Korean Association of Urban Policies","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129204828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}