POSCO E&C launches emergency management system, halts new infrastructure orders

POSCO E&C, the construction arm of Korea's leading steelmaker POSCO Group, said Wednesday it has begun an emergency management system and temporarily suspended new orders in its infrastructure business following a series of fatal industrial accidents at company-managed construction sites. In a statement, the company said any business expansion would be meaningless without restoring public trust first. The announcement came a day after a Myanmar national in his 30s was critically injured and lost consciousness in a suspected electrocution accident at an expressway construction site in Gwangmyeong, Gyeonggi Province. It marked the fourth fatal accident this year at POSCO E&C-operated sites and prompted the resignation of former CEO Jeong Hee-min on Tuesday. The company also said it plans to gather expert opinions to develop institutional measures aimed at reforming its subcontracting structure — a long-standing issue in the construction industry. On Wednesday, the firm's new CEO, Song Chi-young, visited the Gwangmyeong construction site where the latest accident occurred, in his first puWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times