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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