The Korea ITAD Industry Association held its inaugural general meeting at SpaceShare Seoul Central Center on the 11th, approving its articles of incorporation and business plan while electing its chairman and executives.
ITAD (IT Asset Disposition) is a specialized service that safely disposes, recycles, or resells IT assets—including servers, PCs, laptops, storage devices, and network equipment—that companies or institutions no longer use.
At the meeting, specialized companies and organizations that had been independently operating across various segments of the industry ecosystem came together to establish the association. They agreed to contribute to the development of the ITAD industry in line with strengthening domestic and international data security regulations and ESG and circular economy trends.
Kim Jae-chan, CEO of Hanmin, was elected as the inaugural chairman. "We will enhance the association's role in responding to key policies—data security, circular economy, and carbon neutrality—and contribute to the development of the domestic industry," Kim said.
"In advanced countries such as the United States and Europe, global ITAD specialists are actively operating based on GDPR, R2V3, and ISO certifications," Kim added. "The ITAD industry is projected to grow to approximately $37 billion globally by 2030, up from $25 billion in 2024, and the domestic market is also expected to see dramatic growth."
The association plans to actively support the growth and standardization of the ITAD industry, reflecting the needs of related companies and government policy directions. It expects to receive government ministry approval and officially register as a corporation as early as next month.