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Exploring Social Innovation and Time Bank: Focus on the Elderly Healthcare in the Gangwon Province

Asian Journal of Innovation and Policy / Asian Journal of Innovation and Policy, (P)2287-1608; (E)2287-1616
2019, v.8 no.2, pp.208-237
https://doi.org/10.7545/ajip.2019.8.2.208
Ho-Kyung Kim (Seowon University)

Abstract

Serious social problems related to the elderly have appeared in the Gangwon Province because the population in this area is rapidly aging. Gangwon has the highest suicide rate and the highest percentage of single households. In the process of preparing for the super-aging society, Time Bank (TB) System has been actively used in 34 countries, especially in the United States, the United Kingdom, and Japan. In Korea, the Gumi Senior Club has joined this system since 2004. TB is a multilateral exchanged system based on the philosophy that everyone’s time is valued equally. Time credits are given to the person who provides social services, such as citizen participation and elderly care. People receive the desired services using time credits or donating them. If this system were applied to the Gangwon Province in accordance with its characteristics, it would help to reduce the elderly’s prejudices and manage their diverse health problems. A virtual local currency using IT technologies is needed to boost the regional economy. The elderly’s participation in TB is strongly needed. Future research about the effectiveness of health management is then discussed.

keywords
Social innovation, Time Bank, healthcare, Gangwon Province, virtual local currency

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Asian Journal of Innovation and Policy