Korea, the eighth-largest OECD economy, has few natural resources. Over the past decade, its rapid economic growth has been accompanied by significant pollution and consumption of resources. Increased investment has improved access to environmental services, but disparities remain between rural and urban areas. High population density is exacerbating environmental challenges.
Exports of goods manufactured by large firms have driven Korea’s economic success. In recent years, however, this economic model has become less effective. The country has created a strong green growth policy framework. Its future prosperity rests on implementing this ambitious transition to a green, low-carbon economy.
