South Korea will require project owners to pay construction worker wages and supplier fees directly, bypassing contractors, to address chronic payment delays and defaults in the sector.
#YonhapInfomax
#ConstructionIndustry #DirectPayment #MOLIT #WageDelay #Subcontractor
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96050
#YonhapInfomax
#ConstructionIndustry #DirectPayment #MOLIT #WageDelay #Subcontractor
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96050

Construction Worker Wages to Be Paid Directly by Project Owners—'Delays and Non-Payment to Be Addressed'
South Korea will require project owners to pay construction worker wages and supplier fees directly, bypassing contractors, to address chronic payment delays and defaults in the sector.