GreenySystem, a South Korea-based circular economy technology company specializing in IT asset disposition and e-waste recycling, has secured $6.72M (KRW 10B) in strategic investment from Cimelia (FD Investment), a global circular economy firm. The deal combines $1.88M (KRW 2.8B) in cash with more than $4.71M (KRW 7B) in kind, taking the form of advanced AI-automated dismantling and resource recovery equipment — introduced to South Korea for the first time through this deal.

With this investment, GreenySystem is pursuing what it calls a “triple crown” milestone: securing global investment, monetizing carbon assets, and obtaining international certification. The company aims to lead South Korea’s ITAD (IT Asset Disposition) and ESG resource recovery market on the strength of all three achievements.

GreenySystem is currently completing additional construction and utility work at its Gimpo smart factory, with equipment installation and commissioning planned for the third quarter of this year. The upcoming “AI Dual Line” system will precisely dismantle 1,500 hard disk drives per hour for data centers, enabling the processing of more than one million storage devices annually. Extracted rare earth elements and precious metals will be fed back into the industrial supply chain. A parallel resource recovery system covering enterprise ICT assets — including servers and workstations — is also being built alongside the HDD line.

Building on its global strategic partnership with Cimelia, GreenySystem is also exploring follow-on strategic investment from a KOSPI-listed company within South Korea’s electronics manufacturing ecosystem. The move signals growing recognition of GreenySystem’s ITAD + ESG model as a credible partner for large and mid-sized manufacturers seeking supply chain stability and carbon neutrality targets.

On the carbon asset front, GreenySystem achieved a verified greenhouse gas reduction of 2,683 tCO₂eq in 2024 through its proprietary e-waste recycling methodology (MC03-003), officially verified by the Korea Foundation for Quality (KFQ). The company successfully converted this performance — based on technology capable of reducing 96.2 kg of carbon per reused 1U server — into voluntary carbon credits (VRCs). It is currently working with Korea South Power on a partnership to transfer these credits, which would mark the first environmental asset transaction in South Korea’s ITAD industry.

GreenySystem has also obtained R2v3 certification, widely regarded as the gold standard for electronics recycling. By meeting requirements across all domains — from data security and transparent distribution management to repair, reuse, and material recovery — the company has established itself as a Digital Product Passport (DPP) platform capable of guaranteeing per-device carbon traceability at the serial number level.

“Achieving full-scope R2v3 certification validates our data security and resource recovery capabilities at a world-class level,” said Baeknam Choi, CEO of GreenySystem. “Using this $6.72M investment as our engine, we will begin realizing the Digital Product Passport from the third quarter of this year and position ourselves as a strategic resource hub responsible for South Korea’s resource security.”

Founded in 2013 and headquartered in Gimpo, Gyeonggi Province, GreenySystem operates a smart factory with AI robot-based automated dismantling technology and a cyanide-free eco-friendly hydrometallurgical process capable of extracting rare earth elements and precious metals at 99.9% purity, establishing an urban mining infrastructure within South Korea.