Abstract: “This study focuses on a process of Value Engineering (VE) for Hanok, Korean traditional residence, and its major building components. The purpose of this study is to support designer or builders with objective clues for decision-making by VE, especially when a preliminary design needs changes and feedbacks for the next steps toward design development and/or construction processes. For this research, Hanok elements were reviewed first in overall, and six major components have been selected for performing VE analyses: wall, roof structure, Giwa that is Korean traditional roof tiles, openings, Ondol that is Korean traditional floor-heating system and fence system. The wall system among those was used for a target to be examined in this paper, because this element affects the value of Hanok mostly in aspects of function and cost. For this research, popular applications using Information and Communication Technologies (ICT) such as Green Building Studio (GBS) have been utilized for simulati”

Keywords: Korean Traditional Residence; Value Engineering; Management; Simulation; Sustainability