Hanwha: labor ministry closes case, May death wasn't workplace-related

Hanwha Corporation (000880) said in an amended filing that Korea's Ministry of Employment and Labor has closed its investigation into a death at the company's Goyang Samsong data center construction site in May, concluding the case does not qualify as a workplace fatality under Korea's serious-accidents law.

The original May 6 filing disclosed that a person, not a Hanwha employee, was found dead at the construction site under an unclear cause of death, triggering a mandatory disclosure under Korean exchange rules for major business events. The amendment strikes the site location, death circumstances and victim count from the public record and replaces them with the ministry's finding: the death was not connected to work performed at the site.

Under Korea's Serious Accidents Punishment Act, a finding that a death is work-related can expose company executives to criminal liability; a finding that it was not related closes that exposure. The filing gives no further detail on the actual cause of death.

Hanwha Corporation's market capitalization stands at KRW 6,746.1 billion.

6,746.1 billion won market cap.

Written from the filing or the Korean-language report it cites, not translated from it. Figures against this company's own statements are computed from DART data on kstock. kstock does not issue buy, sell or hold ratings and this is not investment advice.

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