A Study on the Improvement of the Project Implementer System in Urban Renewal Projects: Focusing on the REITs Implementer Provisions of the Special Act on the Improvement and Support of Aged Planned Cities
Purpose. Under the Act on the Improvement of Urban Areas and Residential Environments (hereinafter the “Urban Renewal Act”), redevelopment and reconstruction projects are, as a rule, implemented by an association of landowners. This association-centred structure has long been criticised for its limited capacity to rais...