Hyundai Motor to Invest US$466 Million for Steel Mill Safety
02/10/2014 - Hyundai Motor Group chairman Chung Mong-koo has ordered 500 billion won (US$465.68 million) to be invested at the conglomerate's steel mill to bolster safety after a string of deaths and injuries, Yonhap News Agency reports.
Hyundai Steel's Dangjin mill, located 123 kilometers south of Seoul, South Korea, reported nine deaths and several injuries in 2013, with one more fatality taking place just last month.
The accident in late January had occurred after Chung's orders last year for sweeping measures to improve safety, including 120 billion won spent to update facilities and hiring 150 new safety workers.
Chung, who made an unannounced visit to the mill, said all safety rules need to be reviewed from scratch and all guidelines overhauled…
Click here to continue reading this article from the Yonhap News Agency.
Source: http://www.globalpost.com/dispatch/news/yonhap-news-agency/140207/hyundai-motors-chief-orders-500-bln-won-be-used-steel-mill-s
The accident in late January had occurred after Chung's orders last year for sweeping measures to improve safety, including 120 billion won spent to update facilities and hiring 150 new safety workers.
Chung, who made an unannounced visit to the mill, said all safety rules need to be reviewed from scratch and all guidelines overhauled…
Click here to continue reading this article from the Yonhap News Agency.
Source: http://www.globalpost.com/dispatch/news/yonhap-news-agency/140207/hyundai-motors-chief-orders-500-bln-won-be-used-steel-mill-s
