These pilot zones were targeted for the improvement of the residential environment, expansion of infrastructure and restoration of urban functions.
Meanwhile, the Ministry of Land, Transport and Maritime Affairs (LTM) launched a plan to revitalize the moribund cities by investing 150 billion won in research and development from 2007 to 2013.
[3] Korea's new-deal urban regeneration projects are a major national goal of Moon Jae-in's five-year plan.
The project was designed to reduce the size[clarification needed] of the existing policy and install small scale residential infrastructure desired by residents without large-scale demolition.
CRP refers to a way to improve residential homes and install small-scale amenities by local communities.
It aims to simultaneously attack economic hardship and revive the city's competitiveness and enhance the quality of life.
[6] LTM announced on December 14, 2017, that it had selected 68 districts as the city's new New Deal Urban Regeneration Project, to be launched in 2018.
Samchun, Busan, Samcheon 2-dong, which symbolized the village's steep slope will install an inclined 235-meter (771 ft) elevator.