![]() They also developed Clean Cube, a solar-powered trash compactor that uses wireless technology. Ecube LabsĮcube Labs provides solutions for smart waste management to save collection costs. In addition, they can save management time by 80%. Therefore, waste dischargers can reduce treatment costs by 20%. Moreover, it provides real-time waste data and cost analysis, environmental impact measurements, smart logistics, and administrative work. UpBox connects waste producers and delivery handlers based on supply and demand data. Reco is a waste recycling startup that runs a waste platform called UpBox. Users will be able to keep track of their points through the app. Just download the app, scan the QR code on the bins, and scan the barcode from the recycled item. The bins have increased recycling by up to 68% in the area.įurthermore, it is easy for people to use. These locations include residential complexes, public offices, community centers, markets, and tourist attractions. So far have been installed in over 180 locations across Korea. Moreover, the bins can be installed anywhere. The bin works with a mobile app so people can keep track of their rewards. People can participate in recycling and receive rewards through their smart recycling bins. Oysterable created a smart IoT recycling solution for businesses and local governments. Financial incentives are needed to change people’s behaviors,” said the CEO of SuperBin, Kim Jeong-bin. “To build a robust collection system, a sense of environmental responsibility is not enough. ![]() The series B funding round included Naver-backed investment firm TBT Partners and Fine Investment, to name a few. SuperBin raised over $16 million in series B funding, putting its total valuation at over $80 million. Nephron uses AI technology to identify, sort, collect, and process trash. In addition, their bins take not only plastic bottles but also aluminum cans. Therefore, SuperBin allows people to make money from doing what they do every day: throwing away plastic. Their main product is a reverse vending machine called Nephron, which offers a financial reward for people who recycle plastics. They develop solutions for recycling plastic debris. The top social impact startup in Korea is SuperBin. The startup currently caters to private schools and businesses. It has developed a food scanner that uses deep-learning technology to estimate the volume of leftover food on the plate with an accuracy of over 95%. Nuvilab is a food data analysis company that uses AI technology for food waste analysis. Waste Management Startups in Korea Nuvilab These startups are geared toward finding better clean technology solutions for waste disposal. In addition, the Korean government has been focused heavily on climate change and pollution, which has created many innovative waste management startups in Korea. As you can see, waste management is very important in South Korea, and they are always on the lookout for waste management startups in Korea that can offer new solutions. The fees are collected in proportion to the amount of food waste through the cost of purchasing the bags. All food waste disposal is charged based on the volume or weight, depending on the municipality’s chosen method. In South Korea, the disposal of municipal waste is divided into landfill, recycling, composting, and incineration.
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