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The Republic of Korea: Costs
In 1995, producers and importers owed the Special Account for Environment Improvement 32,335 million won in deposits and received refunds of 4,430 million won from the Account. In 1996, the figures rose to 34,016 million won in deposits due, and 9,970 million won in refunds paid to firms that recycled.
The Korea Resources Recovery and Reutilization Corporation distributes some unclaimed deposits to local governments, schools, military units, and community organizations to implement collection programs. In 1996, the Corporation made numerous such grants, totaling 516 million won. The remainder of the Special Account for Environment Improvement funds the Korea Resources Recovery and Reutilization Corporation's other programs.
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Institute for Local Self-Reliance
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