An analysis of urban economic gentrification: the case of China and Korea

Commercial gentrification has become a major topic in Korea over the past few decades. Local governments in Seoul have attempted to respond to this phenomenon by introducing local gentrification policies, and there have been successful cases such as the Ihwa Mural Village, but these policies tend to be applied in areas where experts or the media are already aware of the seriousness of the problem. In China, urban gentrification is also an issue that needs to be addressed, as in the case of chinese urban villages, but it is still very difficult to effectively address the issue of commercial gentrification.This paper analyzes similar urban villages in China in the context of the urbanization case of Ihwa Village, and analyzes the whole stage of its gentrification transformation, to provide a model as well as a reference for the future gentrification transformation of China's urban villages and their urban economization.