South Korea is launching a five-year support program to promote circular economy models in key industries.
The initiative targets companies with high waste output, aiming to foster sustainable supply chains and resource reuse.
Applications are open from February 23 to March 13, 2024.
The Korean government is implementing a full-cycle resource circulation policy, including reducing single-use items, expanding recycling, and managing future waste resources.
The Ministry of Climate, Energy and Environment unveiled new initiatives at the 2025 Korea Circular Economy Festival, such as exhibiting remanufactured EV battery packs.
Long-term national strategies and technological innovation aim to transition toward a sustainable circular economy society.
The Ministry of Climate, Energy and Environment is recruiting businesses for a regulatory sandbox on pyrolysis recycling of waste plastics from January 19 to February 27.
Key projects include demonstration of pyrolysis feedstock and residue recycling, e-labeling for household chemicals, and upcycling of agricultural by-products.
Selected participants will conduct demonstrations for up to two years, with government support of up to 120 million KRW and regulatory exemptions.