Uneven development of housing and real price increase in South Korea

“The Economist house-price indices”
https://www.economist.com/…/graphicd…/2018/02/daily-chart-5…

The Economist has provided interesting visualisation of housing price index for 27 economies and 20 cities in the US. They have correctly identified that “FINANCIAL media focus most of their attention on stocks and bonds, but the world’s biggest asset class is actually residential property. With an estimated value of about $200trn, homes are collectively worth about three times as much as all publicly traded stocks.” Property wealth is what underpins most people’s prospect of well-being.

According to the data, Britain has seen a 211% real price increase of real estate between 1986 and 2017. I assume this is the national average, and London would have experienced a much higher increase. In South Korea, 30% increase in real price terms between 2000 and 2017, but 0% increase between 2009 and 2017. After the 2008-9 global financial crisis, it may be hypothesised that South Korea has experienced a greater degree of uneven development of housing market, which concentrates on Seoul and other major metropolises.

The Economist 데이터 시각화 정보에 따르면, 한국의 부동산 가격이 일단 2000년도에 비하면 2017년 4분기 현재 무척 (30%) 오른 것으로 나온다. 2009년에 비해서는 0%. 이는 전국 평균 가격일 가능성이 높으니, 불균등 발전에 따라 서울과 지방의 차이, 또는 대도시와 군소도시의 차이 등을 볼 수는 없는 데이터인 듯. 오히려 2008년 금융위기 이후 전국적으로 불균등 발전이 더욱 심화되었으며, 이것이 0%로 수렴되었다고 봐야 하지 않을까 싶다. 부동산 가격에 대한 체감지수, 언론의 관심은 대부분 수도권, 특히 서울을 대상으로 할 때, 위의 데이터에 근거해서 그다지 오르지 않았다고 결론을 내리는 것은 서울과 대도시의 특수성을 간과하게 되는 듯 해서 서울/대도시 중심의 부동산 이데올로기를 더욱 공고히 하는데 기여할 듯 싶다.

반면 영국은 2000년 대비 82% 실질가격 상승으로 나타나는데, 1986년과 비교해 보면 실질가격 기준 211% 상승한 것으로 나타난다. 런던 가격을 따져 보면 이보다 훨씬 더 많이 상승했을 것이라 생각한다.

From The Economist (2018)

CFP: 9th East Asian Regional Conference in Alternative Geography (EARCAG), 10-13 Dec. 2018, Daegu, South Korea

Please find attached a copy of the Call for Papers for the 9th EARCAG conference in Daegu, South Korea, taking place between 10 and 13 December 2018.

The first EARCAG event was in Daegu in January 1999, and the December 2018 gathering in Daegu is going to be a 20th anniversary return to the place where it all started.

The deadline of abstract submissions and organised session submission is 28 Feb 2018. Submission e-mail: earcag.9th.korea@gmail.com*

  • Deadline extended to 31 March 2018

The full CFP and event description is as follows:


Call for Papers for the 9th East Asian Regional Conference in Alternative Geography (EARCAG)

For Spatial Justice: Rethinking Socio-spatial Issues from East Asian Perspectives

Date: 10 (Mon) – 13 (Thurs) December, 2018

Venue: Daegu University (10 December) and Daegu Exco (11-13December), South Korea

Organizer: Korean Association of Space and Environment Research (KASER), Seoul National University Centre for Asian Cities (SNU CAC)

Supporting Institutions: Daegu University, SNU CAC, KASER, Daegu city government

Local Organizing Committee: Byung-Doo Choi (Daegu University), Jintae Hwang (Seoul National University), Hyunjoo Jung (Seoul National University), Sanghun Lee (Hanshin University), Young A Lee (Daegu University), Bae-Gyoon Park (Seoul National University), In Kwon Park (University of Seoul), Se Hoon Park (Korea Research Institute for Human Settlements), HaeRan Shin (Seoul National University), Byeongsun Jeong (Seoul Institute)

EARCAG Steering Committee: Byung-Doo Choi (Daegu University, South Korea), Bae-Gyoon Park (Seoul National University, South Korea), Amriah Buang (Malaysia), Jim Glassman (University of British Columbia, Canada), Chu-joe Hsia (Nanjing University, China), Jinn-yuh Hsu (National Taiwan University, Taiwan), Fujio Mizuoka (Hitotsubashi University, Japan), Toshio Mizuuchi (Osaka City University, Japan), Wing-Shing Tang (Hong Kong Baptist University, Hong Kong)

The issue of ‘spatial justice’ appears again. In the first East Asian Regional Conference in Alternative Geography held in January 1999 in Gyeongju and Daegu South Korea, the main concern was spatial justice. The theme of the conference was ‘Socio-Spatial Issues for East Asian Countries in the 21st century,’ and twenty scholars assembled to discuss those issues. Since then, a growing number of scholars within the network have witnessed increasing precarity and complexity in producing and constituting inequalities and injustices in East Asian society. Out of necessity and concern, they have explored critical interpretations of socio-spatial issues from East Asian perspectives.

Twenty years after the first conference in the same location, we now propose rethinking socio-spatial issues from East Asian perspectives in the hopes of promoting spatial justice. The East Asian perspectives refer to the awareness and understanding of the intertwined relations between the East Asian context and the nature of the methods in which spatial dynamics are organized and constituted.

The aim of EARCAG is to provide a platform for critical geographers and other social scientists to debate social and spatial issues in East Asia. Critical Social scientists have observed increasing complexities, interdependence and inequalities in the development of capitalism and geopolitics over the world. The tradition of strong nation-states and the geopolitical tension particularly in East Asia have produced convergent social and spatial concerns. What are the socio-spatial issues that challenge spatial justice especially in the East Asian region? How are the issues approached in relation to Asian capitalism, politics, and the affects thereof?

Potential session topics include but are not limited to:

  • Embedded developmentalism and spatial justice in post-developmental-state society; post-territorial dynamics of spatial justice
  • Right to the cities and urban commons
  • Geography of precarity; increasing precarity and the precariat’s spatial dynamics and precarious spaces
  • Gender, Space and Justice; Gendered migration within and from East Asia
  • Alternative spaces for spatial justice; critical geopolitics for spatial justice
  • Mobilities as threats to and possibilities for spatial justice; Mobilities promoted and mobilized under the post-developmental state
  • Challenge of climate change and risk governance in East Asia
  • Environmental justice; critical geography for nature and the environment
  • Technology development and spatial justice in a smart era
  • Urban alienation and just city in East Asia
  • Uneven regional development and spatial justice
  • Equity issues in cities and regions under Neo-liberalism; Planning and policy issues for social justice from East Asian perspective

The Keynote Speakers

TBA

Submission of Abstracts

If you are interested in participating in this conference, please send an abstract, no more than 500 words, to earcag.9th.korea@gmail.com by 28 February, 2018. The organizing committee will review the abstracts and contact you with the result by 30 April, 2018.

Organised Sessions

If you plan to organise a session, please send the title and description of the session and your papers in it to earcag.9th.korea@gmail.com by 28 February, 2018

Registration Fee

  • Participants from the OECD member countries, Taiwan, Singapore and Hong Kong (US$150 (faculty), US$70 (students))
  • Participants elsewhere (US$70 (faculty), US$35 (students))

Accommodation

Hotel Inter-Burgo Exco (http://eng.hotel-interburgo-daegu.com/)

Please direct any inquires to Young A Lee or HaeRan Shin at earcag.9th.korea@gmail.com