POSCO Holdings Subsidiary POSCO E&C Reports Fatal Accident at Shinanseon Line Site, Work Halted and Preventive Measures Planned

POSCO Holdings subsidiary POSCO E&C reported a fatal accident at the Shinanseon Line 3-2 construction site where one worker died from an unknown fall while preparing electrical work inside a vertical shaft.
The Ministry of Employment and Labor immediately issued a work stoppage order for all cable tray installation work in the vertical shaft and is investigating the cause alongside police.
The incident may delay the project schedule and incur additional costs, negatively impacting POSCO Holdings' investment value.
[AI Summary]The fatal accident at POSCO Holdings' subsidiary POSCO E&C has triggered a work stoppage and preventive measures, likely causing project delays and cost overruns that could adversely affect the group's profitability and stock price outlook in the near term.