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Hanbat LETS
Local Exchange Trading System (LETS)

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Administrator Information
Name Athanasia Kyunhee Chun
E-mail Address
Position / Job Title Adjuct Professor
First Language English
Organization Daejeon University
Organization Type Community-Based Organization (Unregistered)
Currency System Information
Status Operating
Year the System was Started 1999
Community Hanbat LETS
City / Urban Area Daejeon
Country South Korea
URL Address
Medium of Exchange Notes / Bills
Unit of Value Units of Time
Valuation Non-Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Transaction Fee
Source of Funding Internal Currency Charges
Purpose for Establishing System Community Development
Size of Membership 600
Population of Area Served by System 1,500,000
Estimated Yearly Operating Budget Internal Currency: 53,211,295
National Currency: 41,045,495 KRW (42,687 USD)
Yearly Volume of Trade Internal Currency: 4,919
National Currency: 4,919 KRW (5 USD)
Main Goods and Services Traded
  1. Member
  2. Medical Services
  3. Recycling
Additional Information

Hanbat LETS's Main Work : (1) Publishing Newsletters (2) Publishing a reference booklet (3) Maintaining the web site (4) Account Balance (5) Potluck Dinner (6) Shared Class (7) Shared Articles (8) Seasonal Activities (9) Small Groups (10) Regional Groups (11) Direct Trading of Farm Products (12) Mobile Movie Theater (13) Activities in Solidarity

Images Gallery
Sample of Hanbat LETS Note

Sample of Hanbat LETS Note

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