Name of Program |
Deposit Refund System |
Date Implemented | 1985, current version implemented in 2003 ACT ON THE PROMOTION OF SAVING AND RECYCLING OF RESOURCES |
Containers Covered | Refillable glass bottles |
Beverages Covered |
Soju, Beer, soft drink and etc. |
Deposit and Handling Fees |
|
Fees and Taxes |
Government regulates only Deposits & Handling fees |
Unclaimed Deposits |
The producers are paid on unredeemed deposit KOVRA(Korea Vessel Recirculation Association), and it uses that financial resource for specified business in accordance with applicable laws. |
Program Success | On average, about 5.5 billion bottles are sold annually. More than 95% of them are recovered and more than 85% will be reused. |
Details
TBA
Footnotes
TBA