The state and its proper countermeasures of unreported industrial accidents in Gyungbuk area was investigated throughout a survey research. The goal of the study was to identify major factors that affect the number and causes of unreported accidents. Results from the survey indicated that significant number of unreported accidents exists especially in the small and medium sized industries. Types of the accidents, amount of increase in the insurance cost and level of the governmental enforcement due to the accidents were the major factors for deciding whether to report or not. These results suggested more compromising actions have to be taken by the government for revealing the present but unreported industrial accidents. A more efficient way for preventing the industrial accidents can be considered on the basis of true understanding about real industrial accident statistics.