Korea’s environmental industry is expected to grow to more than €107.7 billion by 2020. The country’s Resource Circulation Economy and Society initiative is expected to drive investments in Environment & Water Technologies as the country seeks solutions to reduce reliance on natural resources and adopt new recycling technologies.
The amount of waste generated increased by 14.5% from 375 million tons in 2010 to 429 million tons in 2016. Demand for recycling technologies, especially innovative technologies in recycling e-waste, waste-to-energy and biodegradables is likely to rise.
Public demand for resolving fine dust issues has drastically increased, giving companies specialised in advanced air pollution control technology leverage in Korea.
Other opportunities for EU companies relate to soil restoration, noise and vibration reduction technologies.
EU Gateway | Business Avenues organises an Environment & Water Technologies business mission to Seoul is scheduled from 21-25 September 2020.
Online applications are open until 15 May 2020.