Ministry of Economy and Finance Begins Safety Management Grade Review... Conducts Additional On-Site Inspection Amid Rising Fatalities

For Public Enterprises, Government Agencies, and Other Public Institutions
Final Ratings to Be Announced After Evaluation by the End of April

On the 19th, the Ministry of Economy and Finance, chaired by Second Vice Minister Kim Yunsang, held the '2023 Public Institution Safety Management Grade Review Committee General Meeting' and commenced the 2023 safety management grade assessment.

This assessment targets 27 public enterprises, 23 quasi-governmental institutions, and 40 other public institutions. It verifies whether underground safety impact assessments have been conducted to prevent ground subsidence (such as sinkholes) around construction sites, and for facilities used by the public, it evaluates not only the occurrence of accidents but also on-site response, cause analysis, and follow-up measures, expanding the scoring accordingly.

Additionally, new evaluations will be conducted on achievements through public accident prevention activities, and institutions with accident fatalities exceeding the average of the previous three years will undergo an additional on-site verification.

Vice Minister Kim urged, "Through the grade assessment, please propose measures that can protect the safety of workers at public institution partner companies and contribute to establishing an advanced safety culture where the public and private sectors cooperate and coexist." The Ministry of Economy and Finance will conduct the assessment until the end of April and subsequently disclose the final grades through a resolution by the Public Institution Management Committee.

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