Housing Prices have plummeted

Gwacheon

Administrative City

* plummet : 급락하다 , 폭락하다

Gwacheon myun be-came Gwacheon City

(△Gwacheon’s administrative district)

*unify : 통일 , 통합되다 *establish : 설립하다 *official : 공무원

In 1895 : Renamed Gwacheon-gun, Gyeonggi-do.

In 1914 : “Gwacheon-gun was *unified into Sihung-gun near the town.

Renamed “Gwacheon myun”

In 1982 : “Government complex” *established in Gwacheon to share Seoul’s administration func-

tion .

In 1983 : Governments developed “Gwacheon New City” to control Seoul’s population and make the

houses for *officials.

Gwacheon City(△Gwacheon Government Complex)

Gwacheon’s Apartment

(△Gwacheon Raemian Apt)

3 years ago, Gwachon was called “*pre-Gangnam”. Many people want to live in this city. Especially, they prefer to enjoy the Seoul Grand Park. Therefore, The apartment price was highest in Gyeonggi-do. However……..

*pre-Gangnam : 준강남

CRAZY APARTMENT PRICE<Gwacheon’s apartment price trends>

(Now)

The peak of Gwacheon’s apratment price was in 2007 because of ‘* Gwacheon Government Complex’ and *supply project delays, Seocho-gu apartments for rent.However, ‘Gwacheon Government Complex’ remove to Sejong city.Therefore, supply exceed *demand and Gwacheon city’s competitiveness went down.

* Gwacheon Government Complex : 과천정부종합청사 *supply : 공급 *demand : 수요

(2007)

Sejong CityIn 2006 : Yeongi-gun had been *designated to

make a New Multifunctional Administrative City.

(△Sejong’s administrative district)

In 2010 : Officially announced " Special law about construction of Sejong City

In 2012 : Discontinued use of Yeongi-gun,Chungcheongnam-do.

Sejong City START!!

* designate: 지정하다

How can recover Gwacheon city’s competitiveness?

Ex-‘Gwacheon Government Com-plex’

remodeling Institute of Information Technology

Seoul’s *satellilte City

change *Sufficiency-type new central city

Emphasize the Seoul Grand Park /National Museum of Contemporary

Art

*satellite city: 위성도시 *sufficiency-type : 자족형

New Gwacheon City

Sufficiency-type new central city

THANK YOU

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