South Korea’s Local Basic Income Experiment Demonstrates Success

Due to the economic fallout of COVID-19 a city in South Korea decided to create its own kind of universal basic income. Instead of just getting cash, the payouts are done on a special credit card that only works with local owned businesses, meaning you have to spend locally and help your local businesses survive the economic downturn. In the video above you can see how successful this program has been and that one federal politician is hoping to make the program national.

To stimulate its pandemic-hit economy, a province in South Korea has been experimenting with universal basic income programs by regularly giving out cash, no questions asked. Now, some politicians want to go national with the concept.

Solar Air Conditioners in South Korea

Solar powered air conditioners are a great way to lower power consumption in the hot summer months. Air conditioners turn on when it’s too hot and the sun is generally producing that heat, so why not use the sun to cool down your home?

Many blackouts occur because too many air conditioners are running so solar powered units just make a whole lot of sense.

LG electronics announced yesterday the debut of the first eco-friendly solar hybrid air
conditioner in korea. this new product provides up to 70 watts of power per hour via
solar cell modules attached to the top of this outdoor unit.

according to the korean manufacturer, this new hybrid system is capable of reducing
around 212kg of CO2 over 10 years, equivalent to 780 pine trees (over the same period).

Via Akihabara News

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