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.


South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Washington Post Publisher Will Lewis Steps Down After Layoffs
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 



