Time frames and/or periods for implementation Information Information submitted by the Republic of Korea (a) Time frame and/or period for implementation, including start and end date, consistent with any further relevant decision adopted by the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA) (b) Whether it is a single-year or multi-year target, as applicable Single-year target The Republic of Korea allocates tradable permits and reduces GHG emissions on a 5-year basis for the 73.5% of its total national GHG emissions by establishing the 3rd Basic Plan for K-ETS for 2021-2030, considering the 2030 national GHG reduction target.3. Scope and coverage Information Information submitted by the Republic of Korea (a) General description of the target The Republic of Koreaâs updated NDC target is to reduce 24.4% from the total national GHG emissions in 2017, which is 709.1 MtCO2eq, by 2030.