Next Article in Journal
Integrated BIM-Parametric Workflow-Based Analysis of Daylight Improvement for Sustainable Renovation of an Exemplary Apartment in Seoul, Korea
Previous Article in Journal
How Social Media Can Foster Social Innovation in Disadvantaged Rural Communities
Open AccessArticle

Urban Planning Policy for Realizing Public Objectives Through Private Development in Seoul

Asian Institute for Energy, Environment & Sustainability, Seoul National University, San 56-1, Sillim-dong, Kwanak-gu, Seoul 08826, Korea
Sustainability 2019, 11(9), 2698; https://doi.org/10.3390/su11092698
Received: 1 April 2019 / Revised: 1 May 2019 / Accepted: 6 May 2019 / Published: 12 May 2019
This study aims to examine the relationship between urban development by the private sector and the urban planning incentive policy “FAR (Floor Area Ratio) bonus” and its effects on the city of Seoul in Korea. The results and characteristics of the incentive policy in the development process over the last five years in Seoul are investigated. An in-depth analysis of the mechanism of the floor area ratio incentive was conducted alongside measuring public design elements and the additional floor area compensated by private sectors for public benefit. The outcome of summarizing incentive implementations via quantitative analysis indicated that the policy focused on a narrow scope of target items, resulting in an imbalance in the implementation of public benefits and inflated incentive provisions. These quantitative results, exceeding those in non-special planning districts, misleadingly suggest a significant effectiveness of the incentive policy in generating operative public space. This study argues that the standards for establishing a balance between public and private benefit need a reform toward practical and qualitative impacts, while currently it is evaluated based on mere quantification. In conclusion, it is critical to implement policies that designate necessary public amenities in a selective manner and provide more judicious incentives to achieve a better-balanced planning system. View Full-Text
Keywords: urban development; private sectors; public policy; public–private partnerships; urban regeneration; FAR bonus urban development; private sectors; public policy; public–private partnerships; urban regeneration; FAR bonus
Show Figures

Figure 1

MDPI and ACS Style

Jung, H.-J. Urban Planning Policy for Realizing Public Objectives Through Private Development in Seoul. Sustainability 2019, 11, 2698.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop