□The Ministry of Employment and Labor and KOSHA announce Joong-Soo Industry Ltd.,(automobile parts manufacturer) as the 10,000th approved workplace of Risk Assessment. Joong-Soo Industry Ltd. gets benefits such as exemption in workers' insurance premium or postponement of inspection

o As acknowledged, Joong-Soo Industry Ltd., will get about 10.5 million KRW of exemption in workers' insurance premium for 3 years starting from 2017.

□ "Risk Assessment" is an in-advance accident prevention activity which improves workplace environment by self-identifying harm and risk factors of business owners. The system has been implemented since June 12, 2013 and announced the 10,000th approved workplace only after 3 years of its implementation.

o Joong-Soo Industry Ltd., to reduce risks arising from automobile metal parts processes, is acknowledged as the 10,000th approved workplace of Risk Assessment by continually investing in facilities after 2 times of failure to get acknowledgement.

* purchase and install safety-guaranteed press machines(9) and industrial robots(8), (about 1 billion KRW, through KOSHA loan)

□ The subject of approved workplace for Risk Assessment is a business with less than 100 everyday workers (in case of construction industry : construction cost of less than 12 billion KRW),

o An approved workplace of Risk assessment gets benefits for 3 years, for instance, postponement of OSH inspection, 20% workers' insurance premium (manufacturing industries with less than 50 workers), pre-qualification to apply for subsidies or loans for upgrading working environment.

o The number of approved business have continually increased* due to support from governments and interests of business and labor. The accident rate of the businesses has been dramatically dropped (-38.7%**) comparing to the rate before the business gets approval. This proves the project shows positive outcome.

* no. of Risk Assessment approved workplace: 883(’13) → 3,898(’14) → 4,448(’15)

** Accident rate of the workplace approved in 2014 : 0.75%(’13) → 0.46%(’15)

□ Park, ha-jin, Director of Industrial Accident Prevention and Compensation Bureau of MOEL, said, "(we will) double our effort to compliment regulations and support policies in order to settle the Risk Assessment system in workplaces"

o In particular, as active support from subsidiary company is required for sub-contractors vulnerable to risks, “we will maintain policies enhancing responsibility of mother company" added he.