SEOUL, Feb. 14 (Korea Bizwire) — Illustrations by a South Korean artist depicting condolences and solidarity is gaining attention after the devastating earthquake that swept through Turkey and Syria. Cartoon illustrator Myung Min-ho on Friday posted his artworks on Instagram as a gesture of condolence to the victims of the earthquake in Turkey. The post [...]
ANTAKYA, Turkey, Feb. 9 (Korea Bizwire) — South Korea’s disaster relief team operating in quake-struck Turkey rescued five survivors Thursday, according to on-site team officials and Seoul’s foreign ministry. The team rescued a man in his 70s at around 5 a.m. (local time) from the rubble at the site of a high school in Hatay’s [...]
SEOUL, Feb. 9 (Korea Bizwire) — Following the devastating earthquake that shook Turkey’s southeastern region earlier this week, a Turkish woman called out for help in the Korean language. Celine Gunner, a digital producer at a broadcasting station in Istanbul, sent out a series of tweets on Tuesday. “Everyone, it’s an emergency. Turkey needs help [...]
BOSTON, March 23 (Korea Bizwire) — According to Verisk Extreme Event Solutions (formerly AIR Worldwide), insured losses to properties from the March 16 M7.3 earthquake that struck offshore the island of Honshu, Japan, will be between JPY 240 billion (~USD 2 billion) and JPY 490 billion (~USD 4 billion). Of that, between JPY 50 billion [...]
SEOUL, Jan. 15 (Korea Bizwire) — The Korea Meteorological Administration (KMA) held the official launch of its new ‘Earthquake Monitor Video Service’ on Wednesday. This service enables users to view the state weather agency’s real-time earthquake monitors and analysis through YouTube videos. Thus far, the KMA’s earthquake information was limited to only earthquake alerts that [...]
Boston, July 27 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Earthquake Model for Australia. These updates were prompted by findings in the National Seismic Hazard Model from Geoscience Australia (GA), which challenged established conceptions of Australia’s seismic hazard and generally decreased the view of seismic hazard [...]
Boston, Sept. 3 (Korea Bizwire) — Catastrophe modeling firm AIR Worldwide announced that Insurance Australia Group (IAG), the largest general insurance company in Australia and New Zealand, has licensed AIR’s new Earthquake Model for New Zealand to help manage its catastrophe risk. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. “This model has been developed to [...]
POHANG, Aug. 28 (Korea Bizwire) — A damages suit involving the earthquake in Pohang, North Gyeongsang Province on November 15, 2017 was filed. The trial is finally starting one year and nine months after the quake, as a government research team announced belatedly that ‘the operation of the geothermal power plant brought about an earthquake’, and [...]
SEOUL, Apr. 19 (Korea Bizwire) — A 4.3 magnitude earthquake struck off the east coast near the city of Donghae on Friday, the Korea Meteorological Administration said. The temblor occurred at 11:16 a.m. centered about 54 kilometers northeast of the city. Residents of the region are believed to have felt the quake, though it resulted [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korea’s second-most destructive earthquake, which struck the southeastern city of Pohang in 2017, was probably triggered by an experimental geothermal power plant, the government said Wednesday. The government-led teams of experts, from both South Korea and abroad, concluded that a series of earthquakes, reaching a magnitude of 5.4 [...]