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Korean president threatens fines of 5% of profit in war on ‘workplaces of death’ - Global Construction Review
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Korean president threatens fines of 5% of profit in war on ‘workplaces of death’ - Global Construction Review
Launching a war on what he called “workplaces of death”, South Korea’s new president Lee Jae Myung says companies will be fined 5% of their operating profits if they record three or more deaths a year. The move, along with extra funding for worksite inspections, comes after seven workers died when a boiler tower they were demolishing in the city of Ulsan collapsed on them on 6 November. Industrial deaths are high in South Korea compared to oth…
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