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International Journal of Smart Business and Technology

Volume 7, No. 1, 2019, pp 1-8


A Study on the Changes in the Land use paradigm in the era of the 4th Industrial revolution-Focus on the Effective use and Commercialization of Damaged areas in development restriction area

    Jaehwan Kim1* and Heecheol Shim2
    1Associate Professor, Major in Real Estate Studies, Faculty of Regional Development, Kongju Nat’l University. Yesan, Chungnam, South Korea, Telephone: 82-41-330-1402
    2Local Investment Management Center, Korea Research Institute for Local Administration, Nambusunhwanro, Seochogu, Seoul, South Korea, Telephone: +82-10-2312-4179,
    1jaehwan@kongju.ac.kr, 2sim12@krila.re.kr


    This study suggests a business model for the maintenance and utilization of the damaged areas in the development restricted areas of Korea and suggests the most effective use of land use for them. The contents of the proposal are as follows: (1) economic efficiency due to the establishment of a solar-based warehouse combining environmentally friendly energy technologies; and (2) economic efficiency due to the provision of mobile homes (modular housing) to improve housing welfare of low-income households. Finally, even if the land lacks business feasibility in accordance with the institutional purpose of the damaged land maintenance project, it is necessary to purchase damaged land positively to prevent further damage, and to link the land cost festival to preserve future value


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