Meaning of "Gentrification"
This refers to the phenomenon where, as commercial districts or neighborhoods undergo new development and attract an influx of people, rent and living costs rise, resulting in existing residents and business owners being forced out and losing their livelihoods.
"In recent years, as these alleys have become trendy hotspots, concerns about gentrification have grown, and long-standing shops have begun to close their doors."
Related slang words
Population declineA social phenomenon in which the population of a specific region or country continues to decline due to factors such as an extremely low birth rate, an aging population, and population outflow, thereby threatening the very survival of the communityDigital ExclusionThis refers to the phenomenon in which older adults and those with limited digital literacy struggle to use digital technologies such as kiosks and mobile apps, resulting in their exclusion from services, information, and opportunities in the digital environment or their relative lag behind others.Complete Prosecution ReformThis term refers to the intense standoff between the ruling and opposition parties over a bill that would completely strip the prosecution of its investigative powers.A reclusive lonerRefers to a state of cutting off social contact and staying exclusively at home or in one’s room, or to a person exhibiting such tendenciesNo-deposit leaseThis refers to a situation in a jeonse contract where the jeonse deposit is abnormally high relative to the market price, increasing the risk that the deposit will not be returned on time.Fan politicsThis phenomenon occurs when the emotions and solidarity of a fanbase that blindly supports a particular politician or political faction take precedence over rational judgments based on policy, facts, and verification, thereby influencing political decision-making and the direction of public opinion.MeritocracyA perspective (or approach) that holds that society or organizations should be run by using individual ability and performance as the key criteria for compensation, opportunities, and treatmentHate speechStatements or expressions that reinforce prejudices against specific groups (such as those based on race, gender, or disability) or promote discriminatory views, thereby targeting those groups, are subject to social regulation and restriction.