Nat'l Assembly passes bill introducing profit-based penalties over workplace deaths

The National Assembly On Thursday Passed A Revised Bill Imposing Financial Penalties On Companies Over Fatal Industrial Accidents To Better Protect Workers And Strengthen Workplace Safety. The Revision To The Occupational Safety And Health Act Passed In A 161-52 Vote With Six Abstentions During A Parliamentary Plenary Session, Despite Objections From The Main Opposition People Power Party (PPP). The Revision Calls For Imposing A Fine Of Up To Five Percent Of The Company's Operating Profit For Violating Safety Regulations When Three Or More Workers Die In Industrial Accidents Within A Year. The PPP Has Argued That The Five Percent Threshold Would Be Excessive, Citing The Financial Burden It Could Place On Companies, While The Ruling Democratic Party Of Korea (DPK) Has Criticized The PPP For Blocking The Bill To Protect Corporate Interests Rather Than Workers. "The Conditions Are Already Difficult For Companies To Grow," PPP Chief Spokesperson Rep. Choi Soo-jin Told Reporters Before The Plenary Session. "We Clearly Oppose The Bill Because We Believe It Places A Burden On Companies." During

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