The Ministry of Land, Infrastructure and Transport is initiating the selection process for new urban regeneration projects aimed at promoting balanced national growth and revitalizing declining cities.
The ministry announced on September 10 that it will begin accepting applications for new urban regeneration projects starting on September 11, 2027. From next year, the scope of support will expand to include capacity building for project stakeholders such as residents and merchants, ensuring that the benefits of urban regeneration projects continue even after their completion.
Local governments must submit their project plans by the end of the year, and the ministry will finalize the selection of new projects in the first half of next year after review by the Urban Regeneration Special Committee.
In this application process, the period for project plan development will be extended from approximately one month to over three months, and pre-consultations will increase from one to at least two sessions. The ministry will also enhance surveys of social overhead capital (SOC) in the region to prevent the duplication of similar facilities and will establish a standard format for resident demand surveys to systematically incorporate community feedback.
The new urban regeneration projects will be categorized into three types: regional specialized regeneration projects, housing maintenance support projects, and recognition projects. The housing maintenance support projects will be further divided into general maintenance and vacant house maintenance types.
Regional specialized regeneration projects will utilize unique local assets such as history, culture, and industry to promote urban branding, commercial revitalization, and support for startups, with up to 15 billion won in government funding over four years. The housing maintenance support projects will provide infrastructure and convenience facilities to aging low-rise residential areas and support private housing maintenance, with a maximum of 15 billion won over five years. The vacant house maintenance type will receive up to 5 billion won over four years.
Recognition projects will involve small-scale initiatives such as infrastructure installation and building remodeling, with up to 5 billion won in government support over three years.
Starting on September 11, the ministry will announce detailed information on its website and the Urban Regeneration Comprehensive Information System, and a project briefing for local governments is scheduled for September 17 at the headquarters of Korea Railroad Corporation in Daejeon.
Kim I-tak, the First Vice Minister of Land, Infrastructure and Transport, stated, "Urban regeneration projects are key initiatives to overcome the crisis of local extinction and achieve balanced growth. We will actively support all stakeholders in the urban regeneration governance, including local governments, support centers, and community residents, to successfully implement these projects together."
The ministry announced on September 10 that it will begin accepting applications for new urban regeneration projects starting on September 11, 2027. From next year, the scope of support will expand to include capacity building for project stakeholders such as residents and merchants, ensuring that the benefits of urban regeneration projects continue even after their completion.
Local governments must submit their project plans by the end of the year, and the ministry will finalize the selection of new projects in the first half of next year after review by the Urban Regeneration Special Committee.
In this application process, the period for project plan development will be extended from approximately one month to over three months, and pre-consultations will increase from one to at least two sessions. The ministry will also enhance surveys of social overhead capital (SOC) in the region to prevent the duplication of similar facilities and will establish a standard format for resident demand surveys to systematically incorporate community feedback.
The new urban regeneration projects will be categorized into three types: regional specialized regeneration projects, housing maintenance support projects, and recognition projects. The housing maintenance support projects will be further divided into general maintenance and vacant house maintenance types.
Regional specialized regeneration projects will utilize unique local assets such as history, culture, and industry to promote urban branding, commercial revitalization, and support for startups, with up to 15 billion won in government funding over four years. The housing maintenance support projects will provide infrastructure and convenience facilities to aging low-rise residential areas and support private housing maintenance, with a maximum of 15 billion won over five years. The vacant house maintenance type will receive up to 5 billion won over four years.
Recognition projects will involve small-scale initiatives such as infrastructure installation and building remodeling, with up to 5 billion won in government support over three years.
Starting on September 11, the ministry will announce detailed information on its website and the Urban Regeneration Comprehensive Information System, and a project briefing for local governments is scheduled for September 17 at the headquarters of Korea Railroad Corporation in Daejeon.
Kim I-tak, the First Vice Minister of Land, Infrastructure and Transport, stated, "Urban regeneration projects are key initiatives to overcome the crisis of local extinction and achieve balanced growth. We will actively support all stakeholders in the urban regeneration governance, including local governments, support centers, and community residents, to successfully implement these projects together."
* This article has been translated by AI.
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