Due to a new regulation that says management can go to jail for a worker's injury.
“Throughout our history, we’ve always had to find ways to stay ahead,” Kim Yong-rae, the CEO of Speefox, South Korea’s biggest manufacturer of capacitors, told the news outlet.“The law is a huge issue in business right now,” added Kim Hyo-jin, a managing director at Speefox and Yong-rae’s daughter. “Fortunately for us, we were already automating, so when the law came, we were ready.
The law was initially hailed as a major step forward for workers’ rights. But companies, mostly manufacturers and construction firms, argued against it stating that criminalizing senior leaders for on-the-ground practices was unfair and that the law is too vaguely worded resulting in uncertainty about what exactly constitutes culpability and how to avoid it.
South Korea is known for the lack of safety in its factories, an event that is both puzzling and upsetting for such a technologically advanced nation.“Repeated, basic safety accidents are a big blemish on a country with a per capita income of about $30,000,” said Lee Joon-won, an expert on system safety at Soongsil University in Seoul. “It’s natural that companies pursue profit, but they have to do so safely.
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