Korean New Deal: National Strategy for a Great Transformation. Country/Territory Korea, Republic of Document type Date 2020 Source FAO, FAOLEX Subject Air & atmosphere, Energy, Environment gen., Forestry, Land & soil, Sea, Water, Wild species & ecosystems, General Keyword Climate change Financing Capacity building Subsidy/incentive Sustainable development Sustainable use Social protection Emissions Equity Air quality/air pollution Pollution control Energy conservation/energy production Renewable energy Ecofriendly products/ecofriendly processes Ecosystem preservation Public health Governance Policy/planning Afforestation/reforestation Forest management/forest conservation Water supply Management/conservation Protection of habitats Protection of species Geographical area Asia, ASIA AND THE PACIFIC, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Abstract This Korean New Deal is a national development strategy, aiming to support the country’s recovery from the pandemic crisis and lead the global action against structural changes. The Policy sets up three main objectives: 1. to minimize the economic shock by creating jobs; 2. to support the Korean economy’s quick return to its normal growth path by building the necessary infrastructure for a digital and green economy that will restore investments and support job creation; 3. to adapt to the structural changes and to lead the global community in the post COVID-19 era. The Korean New Deal has three main pillars, including: two main policies – the Digital New Deal and the Green New Deal – and an overarching policy to strengthen the employment and social safety net. Full text English Website english.moef.go.kr