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Sustainable Development and ESG Governance at the Regional Level in Korea

Author

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  • Seongmin Seo

    (Korea Institute for Industrial Economics and Trade)

Abstract

To promote Environmental, Social, and Governance (ESG) management in the private sector, the Korean central government is implementing support policies to enhance the overall ESG performance of domestic firms. These policies are based on the guidelines of the Korean Sustainable Development Goals (K-SDGs)and aligned with the national Fourth Basic Plan for sustainable Development. At the local level, municipalities are pursuing policies to improve regional ESG by establishing relevant administrative governance structures. ESG strategies are rapidly diversifying at all levels of government. This study focuses on the regional perspective, examining the current status and performance of ESG at the local level, and describing the implications carried by this analysis for strengthening ESG practices in the regional context.

Suggested Citation

  • Seongmin Seo, 2025. "Sustainable Development and ESG Governance at the Regional Level in Korea," Industrial Economic Review 23, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:021547
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    Keywords

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    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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