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Sang-Hyup Kim and Hong Sik Cho

Abstract Under the administration of Lee Myung-Bak (2008–13), Korea undertook a new statecraft of a middle-power country to transform its old economy and gain international prominence by tackling climate change. Recognizing that addressing climate change presented a unique opportunity both for growth and environment, the Lee administration established the Low Carbon Green Growth Strategy, better known as ‘green growth’. This chapter summarizes the process by which Korea undertook this green growth initiative, including the establishment of a special committee under the President and a legal framework. The chapter also analyses the successes of Korea’s green growth such as its positive impact on the economy and its reduction of carbon emissions. Although successful, the green growth initiative was not free from criticism, however. This chapter also explores some of the lessons and future tasks of Korea’s green growth strategy that might be applicable to like-minded countries.