What is it about?
The total costs of loss were estimated at USD 27,224 million due to industrial accidents in korea in 2013. These costs were equivalent to 2.1% of South Korea’s gross domestic product in 2013. The costs to society/death due to industrial accidents were USD 640,000; USD 7000/individual out of work for ≤3 days and USD 42,000/individual out of work for ≥4 days.
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Why is it important?
These costs make it easy to calculate losses incurred due to industrial accidents.
Perspectives
Costs of loss can also be used by the government as basic data to establish industrial safety and health policies.
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Read the Original
This page is a summary of: Costs of injuries and ill health in the workplace in South Korea, International Journal of Occupational Safety and Ergonomics, September 2018, Taylor & Francis,
DOI: 10.1080/10803548.2018.1509825.
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