In the fall of 2019, Mayor Park Won-soon of Seoul, South Korea invited a number of international distinguished guests and experts to a high-level strategic meeting to explore various pathways for establishing South Korea as a functional model of an ecological civilization as proposed by Dr. John Cobb Jr. I was invited to present my proposed economy of well-being model and budgeting system that would include the establishment of happiness and well-being indicators and policies for South Korea in alignment with the aspirations for an ecological civilization.