Sandankong Achieves Grade 2 in Public Institution Safety Management Rating System

The First Implementation This Year Led by the Ministry of Economy and Finance... Achieved the Highest Grade Among 98 Institutions

Kim Jeong-hwan, President of Korea Industrial Complex Corporation

[Asia Economy Reporter Kim Cheol-hyun] Korea Industrial Complex Corporation (Chairman Kim Jeong-hwan, hereinafter referred to as KICO) announced on the 31st that it achieved Grade 2 in the public institution safety management grading system review conducted by the Ministry of Economy and Finance.

The public institution safety management grading system was implemented for the first time this year to assess the comprehensive safety management capabilities of 98 public institutions. It comprehensively evaluates how each institution implements safety activities at hazardous work sites through the establishment of an enterprise-wide safety management system, and how this has resulted in a reduction in industrial accident rates.

Safety management grades are classified as Grade 1, Grade 2, Grade 3, Grade 4-1, Grade 4-2, and Grade 5. Considering that this year is the first year of evaluation, no institution reached Grade 1, which signifies an 'ideal level' of safety capability. Therefore, practically, Grade 2 is the highest grade among the institutions evaluated this time.

KICO has established a dedicated safety organization and a safety center for its facilities, continuously expanding dedicated personnel. Since Chairman Kim Jeong-hwan took office in March last year, he established a safety and health management policy stating that 'a safe industrial complex is the corporation's core value and top priority.' As a result, KICO experienced no industrial accident fatalities or safety incidents throughout last year.

Chairman Kim said, "We will not be complacent with this evaluation result and will fulfill our responsibilities as a public institution for the safety of corporation employees, subcontractor workers, and the public."

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