Authors: Boram Lee*, Seoul National University, Seulki Yu*,
Keywords: Touristification, Commercialization, Bukchon, Seoul
Session Type: Poster
Start / End Time: 1:10 PM / 2:50 PM
Room: Lincoln 2, Marriott, Exhibition Level
Presentation File: No File Uploaded
Sharing economy has been growing and playing a significant role in the real world. For instance, guesthouses allow people to share their home and provide unique experiences to some travelers. However, it generates unexpected impacts on the neighborhoods.- residents as well as local shops in these cities are at risk of being forced out as property prices and rents rise due to the uncontrollable flow of tourists. This paper examines the impacts of tourism gentrification (touristification) on the historic neighborhood in Seoul through statistical data, newspaper, and interviews conducted by local residents and tourists. The result shows that tourists (and visitors) have changed types of retails in the neighborhood, increases property values, and eventually kicks out residents. It has changed the land use, ultimately led displacement of local stores to new retail stores and franchises in the community. Analysis of stakeholders indicates that both residents and mom and pop shops are gentrified by new cafes and restaurants for tourists, but then these new stores also become gentrified and turn into franchise in the end. The in-depth interviews with residents also reveal that it accelerates the relocation cycle of tenants due to the capital into the real estate market. This change of real estate investment trend demonstrates the importance of consumption-oriented activities in residential space and suggests the role of government and policy recommendations to ease rising rent in tourist areas.