Sangsoo Kim, President of the Construction Association, "Focusing on Regulatory Improvements Including Supplementary Legislation for the Serious Accident Punishment Act"

Kim Sang-su, Chairman of the Korea Construction Association, stated on the 31st, "In 2022, we will focus on innovating excessive corporate regulations, including supplementary legislation for the Serious Accident Punishment Act."

In his 2022 New Year's address distributed to the media that day, Chairman Kim said, "We plan to concentrate on creating volume through regulatory improvements to enhance the competitiveness of the construction industry and expanding investments to establish a stable management environment for construction companies."

He added, "Safety-related punishment laws will be supplemented in a way that individual companies can predict clearly and minimize side effects during the operation process." Furthermore, he said, "We plan to actively promote a system that enables voluntary safety compliance by companies through tax benefits, budget support, and other measures to realize safe construction sites."

Chairman Kim stated, "There are challenges such as the Serious Accident Punishment Act effective from 2022, regulation-centered housing and real estate market policies, unrealistic construction cost calculation standards, and unreasonable strengthening of primary contractor regulations." He added, "We will do our best to prepare the construction industry ahead of the post-COVID-19 era and lead changes."

This content was produced with the assistance of AI translation services.