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Community currency in Korea : How do we envision community currency?

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  • Community currency in Korea
  • Kang, Joonmo; Hong, Baeg Eui
  • International Institute of Social Studies


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Title Community currency in Korea
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Sub Title

How do we envision community currency?

Material Type Articles
Author(English)

Kang, Joonmo; Hong, Baeg Eui

Publisher

[Haag, Netherlands]:International Institute of Social Studies

Date 2015
Journal Title; Vol./Issue International Journal of Community Currency Research:vol. 19(issue D)
Pages 9
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Others
Holding International Institute of Social Studies

Abstract

Community currency schemes were first introduced in Korea in 1998. Since then, there have been many efforts to use them but no report or academic research on the topic in Korea. Thus, we conducted a field investigation to identify the scope of community currency schemes in Korea and as of 2012 we found 43 groups which use them. The design elements were also investigated but most groups were in an under-developed state, therefore design elements were unidentifiable. Furthermore, we investigate how the community currency coordinators in Korea envision the system using Q-methodology, a method to find the subjective views on the topic. The result shows that the perception on community currency can be divided into four types: ‘Neighborhood as a community’ in which coordinators agree with mainstream economic values and view community currencies as a tool to revitalize the community and to empower local residents; (The rest omitted)