This paper examines the effectiveness of South Korea’s policy for reducing greenhouse gas (GHG) emissions in office buildings and evaluates if national targets can be met. A sample of office buildings was categorized into two groups—conventional (Group A) and new (Group B)—based on when their construction was approved. Furthermore, data regarding the three design elements of the building envelope, that is building form, window systems, and U-values were collected. By statistically processing data of each element, reference building models were developed and a case study was conducted for each building. Design changes that were incorporated, keeping in mind the GHG reduction policy, showed 13.1% of saving energy in case 8 (reference building of Group B) than case 1 (reference building of Group A). The savings in case 8 were more than the average GHG reduction rate (12.8%) compared to business as usual (BAU). However, case 4 (a conventional (Group A) building form with new (Group B) window systems and U-values) achieved the greatest savings in building loads. The policy to enhance insulation in new buildings to reduce GHG emissions in the building sector has prompted changes in building forms and window systems and has reduced emissions by 10%, that is 3% more than the expected value. Thus, new innovations in building envelope design could achieve an average 12.8% reduction in emissions in buildings.