Voluntarily Reporting Illegal Subcontracting Can Reduce Business Suspension and Fines by up to Half
5 Articles
5 Articles
Going forward, construction companies that voluntarily report and rectify illegal subcontracting will be eligible for a reduction of up to half in business suspensions or administrative fines. The Ministry of Land, Infrastructure and Transport announced on the 15th that a partial amendment to the Enforcement Decree of the Framework Act on the Construction Industry, containing these provisions, was approved at a Cabinet meeting. The amendment [wi…
Going forward, the government will be able to directly impose sanctions without going through local governments if serious illegal subcontracting contracts are detected at construction sites. In addition, corporations that voluntarily report and rectify unfair contracts will be granted the benefit of having the severity of penalties reduced by up to half. The Ministry of Land, Infrastructure and Transport announced that partial amendments to the…
(Sejong = Yonhap News) Reporter Oh Jin-song = From now on, if construction companies voluntarily report and rectify illegal subcontracting, they may receive a reduction of up to half in business suspension or administrative fines...
[Digital Daily Reporter Hwang Jin-hyun] The Ministry of Land, Infrastructure and Transport will be able to directly impose administrative sanctions on serious illegal subcontracting. Companies that voluntarily report illegal subcontracting and complete rectification before administrative sanctions are finalized may receive a reduction of up to 50% in business suspensions or fines. In the Saemangeum project, preferential treatment for local comp…
The law is being strengthened to allow the Minister of Land, Infrastructure and Transport to directly issue administrative sanctions regarding serious illegal subcontracting practices at construction sites. The Ministry of Land, Infrastructure and Transport announced that a partial amendment to the Enforcement Decree of the Framework Act on the Construction Industry was approved at a Cabinet meeting held on the 15th. The core of this amendment…
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