An Analytic Hierarchy Process (AHP) Approach for Sustainable Assessment of Economy-Based and Community-Based Urban Regeneration: The Case of South Korea

This paper uses South Korean cases to develop an indicator-oriented approach for evaluating the outcome of urban regeneration projects, focusing on the difference between economy-based and community-based urban regeneration projects. By identifying differences in the assessment indicators and weights of two types of urban regeneration projects, we can more successfully recognize a sustainable way to implement economy-based urban regeneration projects. The results of hierarchical assessment models show the differences in critical indicators related to economy-based and community-based urban regeneration projects. Economy-based urban regeneration projects should not only aim to revitalize local economies but also be evaluated using employment- and economic-related indicators, which should receive more weight than indicators concerning community-based regeneration. In this sense, our results suggest that different evaluation and monitoring systems must be developed to separately assess these two types of urban regeneration projects, as approximately 500 urban regeneration new deal projects are being carried out in Korea.