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용 인 시

한국능률협회컨설팅

12 Dec. 200512 Dec. 2005

Giewook Richard Koo

Oral PresentationOral Presentation

Is “LETS” Adoptable to Korean Communityas a Regeneration Initiative

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What is “LETS”?I.I.I.I.

Local Exchange Trading System trading networks using a community-created local currency and a directory of services provided by network members (North 2000)

originally introduced by Michael Linton in Canada in1983 - Trading Goods and Services What they have. on their decision Price is agreed between the buyer and seller. - Complementary System local currency - ‘bobbins’ in Manchester, ‘solents’ in Southampton no interest - One-to-one Collective Self-help community participation a third way

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Key RulesII.II.II.II.

Agreement Nothing happens without agreement. price of trade No interest credit or debit no earnings from stock -> boosting exchanges Self-owned systems Members are owners. responsible for cost

Opened information members and exchanges internet, catalog

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Key FunctionsIII.III.III.III.

Mutual Benefits rebuilding communities creating social capital encouraging involvement Economic Opportunity Everyone has something meaningful to others enabling exchange of unpurchased labour in the market Dissolving Poverty get goods and services without money get more evaluated on their goods and services than mainstream market no interest

Self esteem contribution to society more friends

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LETS NetworkIV.IV.IV.IV.

[Picture from: http://www.letsbuzz.org.uk/]

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Typical DiscoursesV.V.V.V.

1. A Poverty Solution? • give labour, get goods • many one-time jobs • pricing by traders (more valued labour) • no interest • no exploitation • non-skilled labour • unbalance between the skilled and non-skilled • slow in growth • lack of understanding • internet-based

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Typical DiscoursesV.V.V.V.

2. A Way of Community Empowerment? • community-based regeneration (DETR 1998) • mutual self-help, connecting to social networks • building employability • favor friendly neighbours • green movement (North 2003)

3. A solution to the problems of the capitalist industrial system? • direct purchase from members • provide labour without intervention of capital (Karatani 2000)

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OpportunitiesVI.VI.VI.VI.

▷ Niche market

▷ Blocking from capital

▷ Evolution Time Bank, Ithaca HOUR, Time Dollars, ROCS

▷ IT development

▷ Small businesses

▷ Local Economy

▷ Community building

[Picture from: http://www.lightlink.com/hours/ithacahours/]

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ChallengesVII.VII.VII.VII.

▷ Benefit worries

▷ Insecurity

▷ Record Avoidance

▷ green, middle class club

▷ The attitude of professionals

▷ Confidence and energy

▷ Persuade to join

None of the LETS surveyed in 1996 are still in operation by 2003.

[North 2003]

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Korean ExperienceVIII.VIII.VIII.VIII.

▷ Hanbat LETS

• Established in 1999

• Accounts (2004): 548 (24 businesses)

• Transactions (2004): 4,919, ￡ 51,000 (56% LETS money)

• Steering: 11 board members and 1 co-ordinator

• Web-based system

• Favor - Movie tour: 18 times, 296 audiences

[Picture from: http://www.tjlets.or.kr/]

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Is LETS Adoptable to Korea?IX.IX.IX.IX.

▷ Self-help Tradition: Pumasi, New Village Movement

▷ Fund for exchange system

▷ Let people know the existence of LETS

▷ Encourage 1 LETS by 1 locality

▷ Mixed approach: environmental, social, economical

[Picture from: http://www.tjlets.or.kr/]

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Any CommentsX.X.X.X.

Thank you.

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Further Reading※※※※

North, P. (2000). Is There Space for Organization from Below within the UK Government's Action Zones? A Test of 'Collaborative Planning.‘, Urban Studies, 37, (8), p1261-1278.

North, P. (2003). Time banks - learning the lessons from LETS? Local Economy, 18, (3), p267-270.

Pearce, j. and Wadhams C. (1998). Uncommon Currencies: LETS and their impact on property repair and maintenance for low income homeowners. Bristol: The Policy Press.

Ryu, D. and Choi H. (2003). A Study on the Activation of Local Currency: The Case of Hanbat LETS, [on line]. Hanbat LETS. Available from: http://www.tjlets.or.kr/technote/read.cgi?board=study&y_number=25&n new=2. [Accesed 08 Dec. 2005]

Williams, C. C., Aldridge, T., Lee R., Leyshon, A., Thrift, N. and Tooke J. . (2001). Bridge into Work? An Evaluation of Local Exchanges and Trading Schemes, Policy Studies, 22, (2), p119-132.

14<< 맞춤형 현지방문 혁신교육맞춤형 현지방문 혁신교육 >> 14<Giewook Richard Koo <Giewook Richard Koo 구기욱구기욱 >>

Further Reading※※※※

Williams, C. C., Aldridge, T., Lee R., Leyshon, A., Thrift, N. and Tooke J. . (2001). Local Exchange and Trading Schemes (LETS): a tool for community renewal?, Community, Work & Family, 4, (3), p355-361

Williams, C. C. (2004). Community Capacity Building: A Critical Evaluation of the Third Sector Approach. Review of Policy Research, 21, (5), p729-739.

Websites http://www.letsbuzz.org.uk/ http://www.letslinkuk.org http://www.lightlink.com/hours/ithacahours/ http://www.tjlets.or.kr/ http://www.transaction.net/money/