Degentrification? Different Aspects of Gentrification before and after the COVID-19 Pandemic

The purpose of this study is to explore the aspects of “gentrification” and “degentrification” other than economic factors. To this end, this study focused on the gentrification situations occurring before and after the COVID-19 pandemic in the Itaewon area, South Korea, by using semantic network analysis. We analyzed news articles on the gentrification phenomenon in the Itaewon area reported in South Korea. As a result, gentrification in the Itaewon area is divided into four stages. The first stage of gentrification (2010~2014) is initial stage of gentrification. Gentrification stage 2 (2015~2017) is the period of commercialization as a gentrification growth stage. The first stage of degentrification (2018~2019) is the maturation period of gentrification. The second stage of degentrification (2019~30 June 2020) is the period of the COVID-19 pandemic. The results confirm the existing theoretical frameworks while building a more nuanced definition through operationalizing gentrification and degentrification. As with the etymology of the term, the degentrification phenomenon can only be revealed when the gentrification phenomenon is prominently displayed. This study has an implication in that it tried to phenomenologically examine the specific phenomenon of the next stage of gentrification through the term “degentrification”.