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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Seoul's semi-industrial zones back in focus as potential housing solution

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • South Korean officials and media are discussing the potential of redeveloping the Yeongdeungpo and Guro semi-industrial zones as a solution to Seoul's housing shortage.
  • While the city government has eased regulations, allowing for increased residential development in these areas, significant procedural hurdles and stakeholder conflicts remain.
  • Redeveloping these zones faces challenges due to existing industrial functions, the interests of manufacturers and tenants, and the need for new infrastructure, making a quick supply of housing uncertain.

Seoul is exploring the redevelopment of its semi-industrial zones in Yeongdeungpo and Guro as a potential solution to the city's persistent housing shortage. The discussion gained traction after a presidential office official questioned why housing could not be built in these areas, prompting a response from the Seoul Metropolitan Government indicating that such projects are already underway.

Why can't we build housing here?

โ€” Kim Yong-beomA presidential office official questioned the restrictions on housing development in Seoul's semi-industrial zones.

However, the path from policy discussion to actual housing supply is fraught with complexities. While regulations have been eased, allowing for higher residential building density in semi-industrial zones, the practical implementation faces significant obstacles. These zones, covering approximately 20 square kilometers, are not entirely available for new construction. Infrastructure like roads and parks occupy 28% of the land, and 18% is already developed for residential use.

Furthermore, converting these zones solely for housing is difficult due to the intricate web of interests involving existing manufacturers, landowners, and tenants. Many small-scale manufacturing businesses, such as metalworking and machinery repair shops, are concentrated in these areas. Even in designated urban redevelopment zones, resolving the conflicting interests of landowners, factory owners, and tenants takes time. Any plan to increase housing supply must also address the fate of existing industrial functions and businesses.

Seoul City has stated that 'housing construction is possible in all semi-industrial zones within Seoul.'

โ€” Seoul Metropolitan GovernmentThe city government responded to discussions about redeveloping semi-industrial zones for housing.

Procedural delays also pose a challenge. Establishing resident associations or deciding on development methods requires consensus among landowners, which can lead to internal delays. Experts note that the idea of "supply without demolition" is conditional, as semi-industrial zones often contain existing housing, and factory and commercial relocation issues must also be resolved. A more comprehensive solution, like integrated development that combines housing, industrial facilities, and public spaces, could be more effective but would require considerably more time.

Semi-industrial zones do not mean there is no demand for demolition.

โ€” Kim Jae-kyungA real estate consultant commented on the complexities of redeveloping semi-industrial zones, noting existing housing and relocation issues.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.