Serious Accident Punishment Act
Serious Accidents Punishment Act
Key Precautions
-
Imposition of legal responsibilities on business owners and management in case of major Industrial accidents
-
In the event of fatalities, more than 1 year of imprisonment or a fine of up to 1 billion KRW
-
If an accident results in injuries requiring more than 6 months of treatment for two or more individuals, a maximum of 7 years of imprisonment or a fine of up to 100 million KRW
-
-
Expansion to small businesses with fewer than 50 employees starting from January 27, 2024.
-
Inspection of compliance with relevant legal obligations (at least once every six months) and submission of result reports (Enforcement Decree Article 5)
Consulting
-
Interpretation and response to relevant aws and regulations, including the Serious Accident Punishment Act and the Occupational Health and Safety Act
-
Supplementation of work standards and risk assessment based on due diligence
-
Establishment of industrial safety management systems (organization, internal regulations, implementation records, training, organizational culture, etc.)
-
Safety and health management responsibilities and obligations of management
-
Support for ISO 45001 (Occupational Health and Safety Management System) certification
-
Applicable to the Small and Medium-sized Enterprise Innovation Voucher Program