KOSHA and K-Sure Sign Business Support Agreement for Corporate Management

Lee In-ho, President of the Korea Trade Insurance Corporation (left), and Park Doo-yong, Chairman of the Korea Occupational Safety and Health Agency (right), are signing an agreement.

[Asia Economy Yeongnam Reporting Headquarters, Trainee Reporter Hwang Du-yeol] The Korea Occupational Safety and Health Agency (KOSHA) and the Korea Trade Insurance Corporation have signed a business agreement to reduce the burden of export insurance premiums.

Through the "Business Agreement (MOU) for Supporting Exports of Excellent Safety Management Companies and Improving Occupational Safety and Health Levels," small and medium-sized enterprises (SMEs) and mid-sized companies with excellent safety management will be able to reduce their export insurance premium burden when exporting overseas.

SMEs and mid-sized companies recognized by KOSHA for excellent safety management activities will receive a 1.5 times preferential treatment on the export insurance limit from the Korea Trade Insurance Corporation when exporting, and will also receive a 20% discount on export insurance and guarantee fees.

The eligible companies are estimated to include 2,000 to 3,000 workplaces annually, such as those participating in the Occupational Safety and Health Co-prosperity Cooperation Program, companies recognized for risk assessment, and companies certified for occupational safety and health management systems.

KOSHA plans to provide comprehensive consulting for companies lacking information related to export accounting, legal matters, and other areas.

Park Du-yong, President of KOSHA, stated, "Public institutions will actively support companies' ESG management to help increase corporate sales and create more jobs."

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