Remanufacturing is a series of industrial process by which retired or non-functional products are restored to a like-new condition. The remanufacturing industry provides much more economical and environmental benefits in view of significant materials ...
Remanufacturing is a series of industrial process by which retired or non-functional products are restored to a like-new condition. The remanufacturing industry provides much more economical and environmental benefits in view of significant materials and energy savings than existing material recycling way. It also has an effect on the substitute of natural resources, and gives the opportunity of high employment creation due to its highly labor intensive work. This paper thus presents the features of remanufacturing and its various benefits, and current status of domestic and overseas remanufacturing industry including USA, Europe, Japan and China. Furthermore, three major tasks for promoting the remanufacturing industry in Korea have been proposed based on the analysis of remanufacturing activities, technologies and related system in advanced countries.