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#housing supply

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Illustration of a driver pushing a car instead of driving, symbolizing risk avoidance behavior in the construction industry
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Towards a 0% Start Rate: Stopping the Economy in the Name of Safety

South Korea is challenging itself to a 0% construction start rate to achieve a 0% industrial accident rate. We diagnose the paralysis of construction sites and the supply cliff caused by punishment-centered regulations like the Serious Accidents Punishment Act, and the economic repercussions this will entail.