South Korea will impose profit-linked fines and potential license cancellations on companies that repeatedly suffer fatal workplace accidents, the labor ministry said Monday, unveiling a sweeping “Comprehensive Industrial Safety Plan.” Firms that record three or more industrial deaths in a year will face penalties of up to 5% of annual operating profit or a minimum of about $2.2 million (3 billion won). Construction companies that receive three business suspensions within three years for serious accidents could have their registrations revoked, effectively halting all operations.

The ministry will also broaden suspension criteria to include “multiple deaths in a year,” require same-day