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4.187. In the period under review, the authorities implemented initiatives to promote sustainable development. The National Programme of Entrepreneurs for Sustainable Development (PROESUS), launched in 2016 to foster the development of sustainable ventures, functioned as a platform to facilitate the creation and strengthening of sustainable and innovative business models. [209] The programme was abolished by the Ministry of the Environment and Sustainable Development by Resolution No. 200/2020 of 12 June 2020.

[209] Secretariat for the Environment and Sustainable Development, PROESUS, Manual de Métricas e Indicadores para Emprendimientos Sustentables.

4.327. The tourism industry is considered an activity of national interest that is both essential and strategic for Argentina's development. The policy for the sector is set out in the Federal Strategic Plan for Sustainable Tourism 2025 (drawn up in 2005 and updated in 2011 and 2014). The aim is to achieve an inclusive and sustainable tourism model. (...).

1.2. The Moon Jae-in administration, launched in May 2017, has implemented a range of policies to facilitate the shift towards a "human-centric and sustainable economy" and thereby overcome the challenges facing the Korean economy, such as continued low growth and growing inequality. (...) As the pandemic led to a global economic downturn and fundamental social changes, the Administration released a "Korean New Deal" initiative, which rests on three key pillars: establishing infrastructure for a digital economy (Digital New Deal), realizing a low-carbon, eco-friendly economy (Green New Deal), and strengthening social safety nets and fostering talent in new industries (Human New Deal).

1.3. As a country that has greatly benefited from the WTO-based multilateral trade system, Korea is participating in the sub-group to support the WTO reform and normalize its functions. Korea also actively engages in the negotiations on: fisheries subsidies to protect the marine environment, e commerce to set digital trade rules, and investment facilitation to create a transparent investment environment.

3.1. Korea has extended strong efforts to make a policy shift to realize a "human-centric economy," and thereby resolve slow growth and widening gaps while producing a path towards sustainable growth. (...).

3.3. In late 2019, the unprecedented outbreak of COVID-19 caused a global economic recession and transformational changes to the economic and social system. Against this backdrop, Korea announced the "Korean New Deal" policy in July 2020, as a vision to address the global crisis and be fully prepared for the post-COVID-19 era. The initiative is built upon the three pillars of "Digital New Deal," "Green New Deal" (Green Transition of Infrastructures, Low-carbon and Decentralized Energy, Innovation in the Green Industry) and "Human New Deal."

3.5. Environmental conservation and sustainability have assumed a renewed importance in the wake of the COVID-19 pandemic, highlighting greater need for low-carbon and eco-friendly policies. In line with this trend, the Korean government is pushing for a "Green New Deal" with the goal of achieving carbon neutrality by 2050. Key elements of the initiative include: laying the groundwork for carbon neutrality, realizing a green transition in urban, spatial, life infrastructure, promoting low-carbon energy and a distributed energy system, and building an ecosystem for innovation of the green industry.

3.6. The pandemic has also reminded us of the necessity of policies to overcome the shock on short term jobs as well as responding to fundamental changes in the employment market caused by the transition towards a green and digital economy. (...).

3.7. In the agricultural sector, Korea newly adopted the "New Direct Payment Program" in May 2020, revising the existing direct payment system including the "Rice Income Compensation Scheme." (...) The new programme also contributes to sustainability and multifunctionality of agriculture ­ such as the conservation of the environment and rural landscape - as farmers who receive direct payments are required to comply with more stringent obligations concerning the environment, safety, and community.

3.10. In the fisheries industry, Korea has taken various measures to effectively manage fisheries resources and build a foundation for sustainable fisheries, including the Total Allowable Catch (TAC), closed seasons, size restrictions, and self-management fisheries system. Korea is also continuing its efforts to build more marine forests and marine ranches (including by creating artificial fishing reefs to restore the marine environment) as well as spawning grounds and habitations for fisheries resources.