Uganda’s tax system isn’t bringing in enough revenue but is targeting small business the answer? 
Nigerians throw naira notes around to show love: but it could land you in jail 
Why is the London Stock Exchange losing out to the US 
What if the Reserve Bank itself has been feeding inflation? An economist explains 
Olympic Hopes: Adidas, Nike, Puma Bank on Paris Games for Sales Rebound 
South Korea Secures Competitive Edge With US Tax Credit Extension on EVs 
Gas is good until 2050 and beyond, under Albanese gas strategy 
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks 
New faith schools in England could soon allocate all their places on religious grounds 
If the RBA’s right, interest rates may not fall for another year. Here’s why. 
Panera Bread Discontinues Charged Lemonade Drinks After Facing Lawsuits Over Customers' Death 
Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI 
SPC Group’s subsidiaries were reportedly fined by South Korea’s Ministry of Employment and Labor over violations related to safety at the workplace. The companies were slapped with a combined amount of KRW600 million or about $472,000.
Aside from the violations of safety regulations, Korea Joongang Daily reported that top management executives of the involved SPC companies may also be taken to court. Earlier this week, the MOEL said that 86.5% of the group’s operations were found to have violated the country’s Occupational Safety and Health Act.
Some of the offenses mentioned include the failure of the companies to provide safety and health education to employees, lack of safety measures for factory equipment and machinery, and below-average safety and health regulation, and management.
The company was probed after a 23-year-old worker at an SPL bread factory in Pyeongtaek, Gyeonggi died on Oct. 15. He was caught in an industrial mixer and did not survive in the accident. The said factory is said to be owned by Paris Croissant Co., which is wholly owned by SPC Group chairman Hur Young In. The bakery brand also operates the Paris Baguette chain.
These bakery companies are collectively known as the SPC Group, so they are involved in the case. It was said that officials also found that the firms failed to pay workers an amount totaling KRW1.2 billion.
After checking the factories, the government discovered that some of the machines do not have safety covers and were left open. There is no lock either, which is a requirement to make sure that the equipment is closed when undergoing maintenance, cleaning, or repair.
Moreover, in some of the processes at the factory, there is no safety manager to supervise the activities. Furthermore, some of the sites do not have emergency exits and have no record of industrial hazard reports.
The MOEL said it had ordered the suspension of 44 pieces of equipment, such as mixers, due to safety risks. In 33 SPC Group sites, night-shift employees were not paid, and this is the same with those working on holidays and paid leaves.
