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Recyclable resources market in Korea

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Frame of Image ion of Recyclable Resources Market 3.2. Outcome of Operation of the System of Recyclable Resources Market (as of May 2013)
07.
IV. Expected Effects of Recyclable Resources Market and Plans for its Future
10.
Lately, the optimized waste management system has moved into its stabilization phase, but the quantity of wastes continues to increase, thus accentuating the need to reinforce a policy for promoting the recycling of wastes. In this light, Recyclable Resources Market has been created and currently is in operation. The target is to recover the high value imbedded in recirculation of waste resources, which were previously subjected to incineration, burial or simple reuse. As an optimized and customized marketplace for online trading between suppliers and consumers of wastes, Recyclable Resources Market is a system in which from provided by registered suppliers who registers information of type, characteristics, quantity, and quality of waste. A buyer can acquire best available items by searching information of closest available suppliers, prices, regions, and quality on the Market. There are various types of trading including intermediated trade, auction, group purchase, and ordinary trade. For more effective implication of the policy, the government is planning to begin with wastes, used home electronics and furniture. After
that, it is planned to include used machines and equipment, intermediate processed materials, and recycled products which have high potential, and will


Full Text
Title Recyclable resources market in Korea
Similar Titles
Material Type Reports
Author(English)

Shin, Sang-Cheol

Publisher

[Seoul]:Korea Environment Institute; Ministry of Environment

Date 2013
Journal Title; Vol./Issue Korea Environmental Policy Bulletin:vol. XI(no. 1)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < Environment
Holding KEI; Ministry of Environment

Abstract

Lately, the optimized waste management system has moved into its stabilization phase, but the quantity of wastes continues to increase, thus accentuating the need to reinforce a policy for promoting the recycling of wastes. In this light, Recyclable Resources Market has been created and currently is in operation. The target is to recover the high value imbedded in recirculation of waste resources, which were previously subjected to incineration, burial or simple reuse. As an optimized and customized marketplace for online trading between suppliers and consumers of wastes, Recyclable Resources Market is a system in which from provided by registered suppliers who registers information of type, characteristics, quantity, and quality of waste. A buyer can acquire best available items by searching information of closest available suppliers, prices, regions, and quality on the Market. There are various types of trading including intermediated trade, auction, group purchase, and ordinary trade. (The rest omitted)