Mineral carbonation using alkali industrial waste is an eco-friendly, economic technology used not only to reuse waste but also to store carbon dioxide. Alkali waste such as slag, cement waste, and coal ash has been mainly used as a raw material required for the technology. Many studies have been conducted to find optimal conditions for Ca/Mg extraction and carbonation with various extraction solvents under different temperatures, pressures of carbon dioxide, ratios of liquid to solid, and reaction times. Furthermore, in order to secure economic feasibility, there have been recent attempts to proceed the mineral carbonation at the room temperature and atmospheric pressure, to recover highly pure carbonate salts, and to reuse the extraction solvent. We expect that future researches will be in quest of economically storing as much carbon dioxide as possible by developing raw materials and carbonation technologies which provide high carbonation efficiency. In this article, we have reviewed recently published domestic and international research papers and then classified them according to the kind of industrial waste and the carbonation technology (direct and indirect carbonations).