Yeosu-si Signs Business Agreement on Recycling Reward Project with Ministry of Environment and Korea Environment Corporation

Ministry of Environment, Korea Environment Corporation, 8 Local Governments, and 18 Organizations Including Private Companies Participate

[Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon] Jeonnam Yeosu City (Mayor Jeong Gi-myeong) announced on the 26th that it signed a 'High-Quality Recyclable Collection and Compensation Project Business Agreement' with the Ministry of Environment, Korea Environment Corporation, and others.

This agreement involved 18 organizations including the Ministry of Environment, Korea Environment Corporation, Yeosu City, 8 local governments, distribution companies such as Lotte Mart and E-Mart, and private companies.

The 'High-Quality Recyclable Collection and Compensation Project' is a program where citizens separate and wash recyclables and bring them to the 'Yeosu Nanum Happiness Resource Circulation Store,' receiving carbon neutrality practice points in addition to the environmental points previously provided by the city.

The compensation amounts differ by recyclable resource: 10 KRW per transparent PET bottle (based on 500ml), 100 KRW per kg for books, 600 KRW per kg for aluminum cans, etc.

From 2023, compensation will be paid in carbon neutrality practice points, and the compensation amounts may be partially adjusted depending on oil price fluctuations.

Mayor Jeong Gi-myeong said, "We expect the 'Yeosu Nanum Happiness Resource Circulation Store' to become more active through this agreement. We will continue to spread a resource circulation culture through various policies to realize a 2050 carbon-neutral Yeosu."

Meanwhile, since May, Yeosu City has been operating the 'Yeosu Nanum Happiness Resource Circulation Store,' which compensates cleanly separated recyclables with environmental points (convertible to cash) based on weight.

Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon hss79@asiae.co.kr

This content was produced with the assistance of AI translation services.