Minister Kim Yun-deok of the Ministry of Land, Infrastructure and Transport stated regarding POSCO E&C, which has seen a series of fatal accidents, "It is something that has to be done within the scope defined by law, but we currently understand that there is no legal basis for revoking the license."
Minister Kim responded this way to a query from Kim Eun-hye, a member of the People Power Party, during a full meeting of the Land Infrastructure and Transport Committee held on the 19th in Yeouido, Seoul, regarding the possibility of revoking POSCO E&C's construction license.
Four people have died in accidents at POSCO E&C's construction site this year. President Lee Jae-myung strongly condemned the situation, urging the review of possible legal measures such as suspending POSCO E&C's construction license and banning public bids. Consequently, relevant ministries such as the Ministry of Land, Infrastructure and Transport and the Ministry of Employment and Labor are reviewing the level of administrative sanctions applicable to POSCO E&C.
Minister Kim noted, "I expect that the Ministry of Employment and Labor, the department in charge of industrial accidents, will provide some kind of proposal for action," but did not provide a definitive answer regarding the level of sanctions against POSCO E&C.
Under current law, construction licenses can only be revoked if there is significant damage to key structures due to willful misconduct or negligence leading to public danger. In the case of POSCO E&C, it is expected that the maximum level of administrative sanctions will be limited to a business suspension.