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http://dx.doi.org/10.9708/jksci.2021.26.02.157

A research on the Local Currency Model Considering Regional Characteristics : Focused on Innovation Cities in Korea  

Park, Jae-Hong (Dept. of Industrial Management, Graduate School, Gyeongsang National University)
Song, In-Bang (Graduate School of Entrepreneurship, Gyeongnam National University of Science and Technology)
Abstract
This research strives to find the effective Local Currency Model that considered regional characteristics of Innovation city. Currently, the issuance of the domestic local currency has been increased due to COVID-19 Pandemic, yet most regions operate it in the same way without consideration of the characteristics and environment for each region, which leads to a lack of motivation for local communities to continue to participate. The regional characteristics of innovative cities were analyzed in order of policy characteristics of innovation cities, population growth issues, settlement and consumption environment. The new local currency model was proposed for innovation cities based on a private blockchain system with the participation of public institutions to solve and supplement regional issues.
Keywords
Local Currency; Innovation city; Local currency of blockchain; public institutions; COVID-19;
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