SPC "Investing a Total of 100 Billion KRW Over 3 Years in Company-wide Safety Management"

Heo Young-in (center), chairman of SPC Group, along with executives and employees, is making a public apology on the 21st at the SPC headquarters in Seocho-gu, Seoul, regarding the recent employee death accident at the affiliate SPL. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Moon Hyewon] SPC Group announced on the 21st that it will invest a total of 100 billion KRW over the next three years to strengthen company-wide safety management in relation to the incident where a woman in her 20s died during work at the Pyeongtaek bakery factory.

Hwang Jaebok, SPC CEO, said at the headquarters in Yangjae-dong, Seoul, “We sincerely apologize once again to the deceased and the bereaved families regarding the safety accident that occurred at SPL,” adding, “To prevent such incidents from recurring, we will devote all efforts to safety accident prevention measures and safety management improvements, and as a follow-up measure, we will invest a total of 100 billion KRW over the next three years to strengthen company-wide safety management.”

CEO Hwang stated, “We will immediately conduct an ‘Industrial Safety and Health Diagnosis’ for all group business sites through external safety inspection specialized organizations designated by the Ministry of Employment and Labor, such as the Korea Safety Technology Association and the Korea Industrial Safety Association.”

He continued, “We will invest 70 billion KRW to expand safety facilities and automate equipment, and 20 billion KRW to improve employees’ working environments and foster a safety culture, thereby enhancing the safety of facilities, equipment, and working environments. In particular, SPL will focus on investing 10 billion KRW, equivalent to about 50% of its operating profit, in industrial safety improvements to prevent recurrence of similar incidents.”

He also said, “We will establish a Safety Management Committee composed of external experts with professional expertise and on-site workers to guarantee independent activities regarding industrial safety and health, and strengthen the execution, management, and supervision of safety and health measures. We will expand dedicated personnel for industrial safety and health company-wide and reorganize related organizations to enhance safety management capabilities in industrial safety and health, facility safety, and environmental safety.”

He expressed a commitment to actively improve the working environment for employees. CEO Hwang said, “We will closely communicate with labor unions to improve employees’ working conditions and support physical and mental health management so that employees can work in a safer environment.”

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