A Comparative Study on Policy for Dementia in the Financial System of South Korea and China: Case Study of Seoul and QingDao

Abstract

This study conducted a comparative analysis of dementia care policies in Seoul and Qingdao. The findings reveal distinct characteristics in the funding systems of both regions. Seoul's funding mechanism is marked by the challenge of escalating national financial obligations, while Qingdao's system is characterized by the absence of national contributions and the marginalization of low-income demographics. To establish a more effective and stable funding framework, this study synthesizes the commonalities and disparities between these two systems via a comparative examination and proposes enhancement strategies. Looking ahead, the Seoul Metropolitan Government should allocate dedicated budgets for dementia care to individual local administrations, thus reducing the reliance on central government contributions. Meanwhile, Qingdao City should consider implementing insurance premium collection schemes and extending financial aid to fundamental local governing bodies. These actions are imperative to address the growing financial burdens on both the government and citizens, ultimately elevating the budget allocation for enhanced care service quality.