The government will foster an upcycle industry that transforms waste resources into new products to achieve both ‘waste reduction’ and ‘job creation.’ Expectations are high that up-cycling products will become a trend, with idol group BTS wearing bags made of car leather seats.
The Ministry of Environment said on May 21 that it will invest 1.5 billion won in fostering up-cycling companies this year.
Up-Cycling means adding new ideas and designs to waste resources to produce high value-added products. There are about 400 Up-Cycling companies in Korea. The Ministry of Environment believes that the up-cycling industry is a green new industry that can be effective in reducing waste and creating jobs, and decided to select 25 companies to provide intensive support.
Among them were ‘MORETHAN,’ an up-cycling company that has already gained fame for its BTS bags. BTS leader RM once became a hot topic on social media by wearing a ‘MORETHAN‘ bag made from car leather seats.