Historic building is consideration as an important element for urban regeneration and it has been demonstrated in Korea as well as internationally that the conservation of such buildings and districts contributes to enhance the local economy and community. In June 2014, Act on Value Enhancement of Hanok and Other Architectural Assets was enacted in Korea, as part of efforts to emphasize the “use” of architectural assets. Conceptually, not only does this Act focus on supporting infrastructure improvements and repairs to architectural assets through direct public funding, but it also stipulates various regulations that provide operational support for businesses and consultative groups, introduce tax cuts, and offer technical support. However, government policies for architectural assets have so far only covered training Hanok (traditional Korean houses) specialists. The situation is similar for local governments in that their support is limited to funding infrastructure maintenance of Hanok villages and renovations. Considering the country’s lack of awareness regarding architectural assets and that local governments’ implementation plans and basic surveys are still at a nascent stage, it is imperative to prepare diverse support policies and seek ways to execute them at the national level.