{"id":2203498,"date":"2024-01-17T08:00:09","date_gmt":"2024-01-16T23:00:09","guid":{"rendered":"https:\/\/koreapro.org\/?p=2203498"},"modified":"2024-01-16T16:13:09","modified_gmt":"2024-01-16T07:13:09","slug":"yoon-suk-yeol-pushes-for-delay-in-industrial-safety-law-amid-sme-struggles","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/01\/yoon-suk-yeol-pushes-for-delay-in-industrial-safety-law-amid-sme-struggles\/","title":{"rendered":"Yoon Suk-yeol pushes for delay in industrial safety law amid SME struggles"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korean President Yoon Suk-yeol has <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20240116047951001?section=news\"><span style=\"font-weight: 400;\">urged<\/span><\/a><span style=\"font-weight: 400;\"> the National Assembly to delay the implementation of the <\/span><a href=\"https:\/\/elaw.klri.re.kr\/eng_service\/lawView.do?hseq=59952&amp;lang=ENG\"><span style=\"font-weight: 400;\">Serious Accident Punishment Act<\/span><\/a><span style=\"font-weight: 400;\"> for businesses with fewer than 50 employees. In a Cabinet meeting on Jan. 16, Yoon expressed concerns about the imminent expansion of the act to smaller businesses from Jan. 27. He highlighted the apprehensions of small and medium-sized enterprises (SMEs), comparing their situation to being \u201cpushed onto thin ice.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Yoon emphasized the importance of workers\u2019 safety, he argued that punitive measures alone are not the solution. He advocated for punishments based on clear responsibility principles, in line with the ROK Constitution. Stressing the current economic challenges faced by SMEs, including high interest rates and inflation, Yoon warned that additional burdens could make it more challenging for small businesses to survive.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Serious Accident Punishment Act took effect on Jan. 27, 2022, to penalize business owners and management of companies with 50 or more workers for safety lapses. Unless the National Assembly votes to delay its full implementation, the law will apply to businesses with fewer than 50 employees on Jan. 27, 2024. The current extraordinary session of the National Assembly, which began on Monday, could be the last opportunity for the current National Assembly to delay the bill before parliamentary elections are held on April 10. The main opposition Democratic Party is unlikely to support the delay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oh Young-ju and Lee Jung-sik, South Korea\u2019s startups and labor ministers, respectively, <\/span><a href=\"https:\/\/www.mss.go.kr\/site\/smba\/ex\/bbs\/View.do?cbIdx=86&amp;bcIdx=1047403&amp;parentSeq=1047403\"><span style=\"font-weight: 400;\">met with small business representatives<\/span><\/a><span style=\"font-weight: 400;\"> on Monday, acknowledging the concerns of smaller companies. Oh stated during the meeting that small businesses lack the capacity to immediately comply with regulations compared to large corporations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Initial support for the law was largely driven by labor safety concerns, highlighted by the <\/span><a href=\"https:\/\/www.koreaherald.com\/view.php?ud=20181217000807\"><span style=\"font-weight: 400;\">death of a subcontract worker<\/span><\/a><span style=\"font-weight: 400;\"> in 2018 at a thermal power plant. This incident became a catalyst for demanding stricter safety measures in workplaces, especially in light of companies compromising worker safety to reduce labor costs.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/culture-society\/\"><span class=\"tag\">Culture &amp; Society<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korean President Yoon Suk-yeol has urged the National Assembly to delay the implementation of the Serious Accident Punishment Act for businesses with fewer than 50 employees. In a Cabinet meeting on Jan. 16, Yoon expressed concerns about the imminent expansion of the act to smaller businesses from Jan. 27. He highlighted the apprehensions of [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2203499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[24,25,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yoon Suk-yeol pushes for delay in industrial safety law amid SME struggles - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/01\/yoon-suk-yeol-pushes-for-delay-in-industrial-safety-law-amid-sme-struggles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yoon Suk-yeol pushes for delay in industrial safety law amid SME struggles - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korean President Yoon Suk-yeol has urged the National Assembly to delay the implementation of the Serious Accident Punishment Act for businesses with fewer than 50 employees. In a Cabinet meeting on Jan. 16, Yoon expressed concerns about the imminent expansion of the act to smaller businesses from Jan. 27. 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