Ⅰ Overview E. Although the Korean government has adopted various policies on business and human rights through relevant laws, including the Commercial Code, the Labor Standard Act, the Trade Union and Labor Relations Adjustment Act and the Framework Act on Consumers, there was no coherence. NAPs are meant to enhance coherence and effectiveness of national policies on business and human rights, which would support business enterprises' sustainable development and their global competitiveness through human rights friendly activities. 3. Objectives and Major Tasks of NAPs A. Objectives 1) The ultimate goal of NAPs is to prevent possible human rights abuses by business enterprises and to promote human rights through human rights friendly business activities. 2) NAPs pursue human rights management conducted by business enterprises. According to the UNGPs, human rights management refers to businesses declaring their human rights policies, implementing due diligence and providing remedies to affected individuals. First, business enterprises should make a declaration of human rights policies. In other words, businesses themselves have to make a public promise to adopt human rights management. Second, business enterprises should implement due diligence. Due diligence means to identify existent or potential factors for human rights abuse within business activities, and take not only preventative measures but also address those factors, as well as communicate the process with diverse stakeholders. Third, businesses should provide remedy to victims of human rights abuse. 3

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