▁inc urs ion ▁and ▁expansion ▁of ▁corpor ate ▁br ands ▁and ▁real ▁estate ▁development , ▁gent r ification ▁has ▁become ▁a ▁serious ▁issue ▁for ▁many ▁years . ▁As ▁an ▁outcome , ▁the ▁neighborhood ▁has ▁also ▁expanded ▁to ▁adjacent ▁areas . ▁It ▁is ▁a ▁very ▁crow ded ▁and ▁commercial ▁district ▁full ▁of ▁young ▁adult s ▁mostly ▁who ▁would ▁like ▁to ▁enjoy ▁hip ▁restaur ants , ▁bars , ▁live ▁and ▁night ▁clubs , ▁and ▁art ▁gall eries ▁including ▁alternative ▁art ▁spaces . ▁ ▁History ▁The ▁university ▁was ▁established ▁shortly ▁after ▁Korean ▁independence . ▁The ▁D ae j ong ky o ▁found ers , ▁upon ▁returning ▁to ▁Korea ▁following ▁Japanese ▁surrender ▁after ▁years ▁of ▁ex ile ▁in ▁China , ▁prior it ized ▁the ▁establishment ▁of ▁an ▁educational ▁institution . ▁As ▁a ▁result , ▁in ▁ 1 9 4 6 , ▁they ▁founded ▁the ▁school , ▁then ▁named ▁Hong mo on - da eh ak g wan ▁( 홍 문 대 학 관 ). ▁Lee ▁Hung ▁So o , ▁a ▁wealth y ▁Korean ▁independent ▁activ ist , ▁don ated ▁the ▁initial ▁funds ▁from ▁which ▁the ▁university ▁found ▁its ▁beg inn ings . ▁In ▁August ▁ 1 9 4 8 , ▁Hong ik ▁University ▁and ▁Hong ik ▁Foundation ▁was ▁approved ▁officially ▁by ▁the ▁Korean ▁government . ▁ ▁By ▁ 1 9 5 0 , ▁the ▁school ▁had ▁expanded ▁stead ily ▁to ▁accommod ate ▁depart ments ▁in ▁law , ▁liberal ▁arts , ▁political ▁science , ▁and ▁science . ▁The ▁school ▁was ▁forced ▁to ▁move ▁to ▁D ae je on