According to the investigation of waste $CO_2$ molding sand in the 15 steel foundries in Busan and Gyeong area, about 1 ton of waste $CO_2$ molding sand per ton of steel castings production was produced In order to reduce amount of $Na_2O$, Loss of Boiling (L.O.B), Loss of Ignition (L.O.I), Conductivity and PH which are present in the waste $CO_2$ molding sand below the reclamation effect, more than 50% of elimination for reclamation was required. It was found that the waste $CO_2$ molding sand does not contain a harmful component designated by industrial waste materials. Reclamation of the waste $CO_2$ molding sand was practically achieved by an abrasive-dry reclamation process. According to bench time of the sodium silicate-bonded $CO_2$ molding sand, reduction of compressive strength and surface stability index(S.S.I) become slowdown. Therefore, the reclaimed sand could be allowed the reuse of molding sand in $CO_2$ molding process including core sand.