Business groups protest against industrial accident bill
Envisioned legislation could place top company executive behind bars for major failure in safety management
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South Korea's protestors (Yonhap)
South Korea’s business circles protested Tuesday against the ongoing legislative move to enhance their safety management responsibilities and to hand down sanctions, including the possible imprisonment of a top official.
“We fully agree to the legislative intent to better protect workers’ safety and to prevent industrial accidents,” said the country’s key business groups in a joint rally held at the Korea Federation of SMEs headquarters in Yeouido, western Seoul.
“But it is excessive to lay all the blame upon the management and to hand down quadruple sanctions including criminal punishment, corporate fines, administrative sanctions and punitive damages.”