Our Friday read is about the new South Korean law that dramatically increased the penalty for industrial disasters that cost lives. https://twitter.com/BluRoofPolitics/status/1355139139541164032
South Korea has the dubious distinction of having one of the highest rates of deaths caused by industrial accidents in the OECD, at one point occupying the top spot for 23 years in a row. Several high profile deaths in recent days prompted the new law.
Under the new law, an industrial accident that results in a death would subject the business manager to at least one year in prison. The corporation would also be subject to fines and punitive damages of up to five times the damages.
Most significantly, the new law penalizes the contracting firm if a major industrial accident occurs at a subcontracting business, regulating a practice that has been called "outsourcing deaths".
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