Recently the Government proposed Green Growth as its major economic policy goal in order to overcome the economic crisis and ensure the future sustainable economic growth. As such, there seems to be no adjective more frequently used than this green containing the meaning of greening in wide social or business settings. In fact, on July 2009, the State Council approved the National Strategy and Five-Year Plan for Green Growth, through which Korea will have been the world s 7th leading green power country by 2020, and the 5th by 2050. In doing so, the Government placed the Green Growth vision at the core of the national growth paradigm. These new set of initiatives that can be called a Green New Deal policy are expected to work towards strengthening potential growth driving force as well as bringing about more job creation as both short and long term visible effects. In the same vein, the sports sector is seeking various strategies at a social and cultural level to boost eco-friendly leisure activities including events in relation to green growth and sports tourism linked to green tourism. A part of such strategies is to build capacity in sports sector by creating environment-friendly waterside space in accordance with the Four Major Rivers Restoration Project. This specific initiative needs further and wider support because promoting environment-friendly leisure and sports activities is clearly consistent with the Government s efforts to nurture and expand the role of sports as a vehicle for low-carbon and environment-friendly growth initiatives (in the cultural sector). Against this background, this paper first reviews the basic concepts surrounding green growth strategy, sports event, and sports tourism, and then proposes a sports events promotion scheme focusing on the creation of environment-friendly waterside space in accordance with the Four Major Rivers Restoration Project. This paper also deals with issues regarding legislative support for green sports.