South Korea will prohibit or restrict industrial waste importations to increase the recycling of domestic waste.
According to the Ministry of Environment, the importation of waste plastics, mixed waste paper, and waste fibers will be prohibited in 2022 since these can either be replaced with domestic waste or have made the local recycling market unstable due to their collection problems.
In 2023, South Korea will ban the importation of coal ash and waste tires while restricting used corrugated cardboard, dust, and sludge.
The South Korean government pledged to ensure a stable supply of alternatives to the five waste items subject to import bans.
Eventually, imports of all industrial waste types, excluding metal scraps and a few others, will be banned in principle by 2030, those of 10 other waste items with large import volumes will be restricted or prohibited.
Only waste cardboard with better quality than domestic waste paper will be permitted for importation.
The importation of waste batteries, waste metals, and waste electrical and electronic products, recycled for valuable metals, will not be affected by the restrictions.
According to ministry officials, such items have high industrial raw material value and cannot be easily replaced by domestic waste.
The 10 banned or restricted waste items will amount to 3.84 million tons annually, accounting for 96 percent of South Korea's annual waste imports of 3.98 million tons.


J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil
Oil Prices Surge Amid Trump's Iran Ultimatum Over Strait of Hormuz
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership
Israel Defies Trump's Warning, Launches New Strikes on Iran Amid Growing Global Energy Crisis
NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch
Asian Currencies Slide as U.S.-Iran Tensions and Rising Oil Prices Rattle Markets
Iran-Israel War Escalates: Long-Range Missiles, Nuclear Site Strikes, and Global Energy Crisis
U.S. Stock Futures Slide as Iran Conflict and Inflation Fears Rattle Wall Street
Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz, Threatens Power Grid Strikes
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI
US-Iran War: Trump Eyes Military Exit as Markets React to Potential De-escalation 



