• Journal of the Korean Regional Science Association
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• v.40 no.3
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• pp.109-126
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• 2024

The central government has been promoting innovation cities since the early 2000s for the balanced development of the country in order to solve the problems of overcrowding in the metropolitan area and underdevelopment of the country due to rapid urbanization since the 1980s. The 10 innovation cities built through the regional relocation of public institutions were expected to have positive effects such as economic revitalization and population influx, but uncertainties and various externalities still exist. Therefore, this study aims to analyze innovation cities from the perspective of urban resilience to create sustainable cities. To this end, the research analyzed urban factors in the physical, natural, social, economic, and institutional dimensions of Ulsan Ujeong Innovation City, and applied the Adaptive Cycle and Panarchy to comprehensively analyze them. As a result of the analysis, it was found that the built, socio-economic, and natural environments are currently undergoing the adaptive cycle stages of preservation, reorganization, and growth, respectively, and the interaction and structural causal relationships between Korea, Ulsan Metropolitan City, and Ulsan Ujeong Innovation City were identified. The study concluded that Ulsan Ujeong Innovation City can be sustainable by utilizing opportunities such as the central government's Innovation City Season 2 and financial support, construction of Janghyeon Advanced Industrial Complex, and fostering local innovation clusters according to local conditions.

• KDI Journal of Economic Policy
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• v.34 no.3
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• pp.1-29
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• 2012

Based on the spatial and land price data of innovation cities and their periphery areas in Korea, this study examines the degree and timing of changes in land price in relation to projects concerning innovation city. The study result confirms that the current system is inconsistent with the principle of restitution of development gain and therefore, this study attempts to seek improvement measures so that the current system can better fit the principle. The analysis reveals that most innovation cities, excluding Sinseo-dong of Daegu and Ujeong-dong of Ulsan, recorded a statistically significant increase in land prices since 2005, compared to those of their neighboring areas. It can be said that the information related to projects concerning innovation city was reflected in the land price since 2005. However, the standard land price pursuant to Article 70 of the Land Compensation Act is the officially assessed land price released on 1st of January 2007, and this official land price was actually applied to the compensation process. Therefore, estimating the compensation amount for land expropriation based on this land price will contradict the principle of restitution of development gain. In other words, despite the fact that development-related information was already reflected in land prices of innovation cities from 2005 to the end of 2006, the compensation process were carried out without institutional arrangements or efforts to exclude such reflection. To solve this problem, this study makes two suggestions. First, it is necessary to cast aside the limitations of the official land price that can be retroactively applied in accordance with Paragraph 5 of Article 70 of the Land Compensation Act, and instead apply the land price which is the most latest but deemed to have no reflection of development gains. Based on this revised standard land price, if the compensation amount is corrected by the average inflation rate and the average rate of increase in land price during the period until the time of the recognized land price, the amount would better satisfy the principle of restitution of development gain. Second, it is necessary to clearly stipulate the standards of development gains being reflected on the land price by including it in the secondary legislation. Under the current system, it is highly likely that appraiser's arbitrary interpretation on development gains is included in the process of calculating the amount of compensation for land expropriation. In this regard, it is necessary to improve the standards on determining whether development gains are reflected based on the results of this academic research and the existing guidelines for appraisal of compensation for land expropriation published by the Korea Association of Property Appraisers.