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Small business start-up item idea: mobile phone regeneration business. city mine
The mobile phone recycling business refers to a business model that collects used mobile phones, disassembles them, replaces or restores parts, and sells them in new condition. This is a business that can reduce the environmental pollution of used mobile phones and at the same time provide economic benefits to consumers who do not need to purchase new mobile phones. In addition, importing and exporting used mobile phones can have a positive impact on the supply and demand of foreign exchange in Korea.
Examples include companies specializing in the collection and sale of used mobile phones such as Gazelle, BuyBackWorld, and uSell in the United States. In addition, companies specializing in the collection and recycling of used mobile phones are emerging in Korea, and some of them are providing customers with products that are no different from new mobile phones through professional repair technology and quality control.
Urban mining is a new type of industry that recycles resources by disassembling home appliances and waste home appliances in cities. This saves new resources and reduces environmental pollution.
Usually, home appliances contain many useful parts. For example, metals, plastics, glass, rare earths, etc. These parts are domestically produced or imported, so they cost a lot in the process of producing home appliances.
Urban mining dismantles and recovers these resources and uses them to make new products. This allows us to conserve resources and reduce environmental pollution caused by the production of new products.
An example of urban mining is LG Electronics. In 2018, LG Electronics started the ‘Urban Mining’ business to extract and recycle useful parts from waste home appliances. Through this, the recycling rate of waste home appliances has increased to over 90%. Thanks to these efforts, LG Electronics is recognized domestically and internationally, such as winning the 'Service Category Grand Prize' at the 'World Environment Day' ceremony in 2019.
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