MEXICO CITY, Sept. 22 (Korea Bizwire) — With a series of powerful earthquakes hitting Mexico and leaving hundreds of people dead, the Korean business community in the country is beginning to feel the negative impact of the devastating natural disasters. Though Mexico City, which was been rocked by a magnitude 7.1 earthquake, is slowly recovering [...]
SEOUL, Sept. 4 (Korea Bizwire) — The aftershocks of the earthquake in Gyeongju last year, recorded as the most powerful quake in South Korea since 1978, are still ringing through the minds of government officials, who announced on September 3 that a package of regulatory policies creating safety measures to guard against future earthquakes will [...]
SEOUL, Aug. 22 (Korea Bizwire) – South Korea will provide $200,000 worth of humanitarian aid to Nepal, which was hit hard by recent heavy rains and floods, the foreign ministry said Tuesday. The heavy rains that started late last week and the resulting floods and mudslides in Nepal have killed more than 130 people so [...]
SEOUL, Dec. 16 (Korea Bizwire) – The recent South Korean blockbuster disaster film “Pandora” was the first of its kind to see nuclear power plants play a pivotal role in the plot. The movie, which is reminiscent of the Fukushima nuclear meltdown in 2011, takes place in an eastern coastal city of South Korea that [...]
SEOUL, Dec. 16 (Korea Bizwire) – All newly-built houses in South Korea will be equipped with earthquake-resistant structures starting in the second half of next year under the government’s comprehensive measures against the natural disaster, a related ministry announced Friday. The government has also decided to pour 2.8 trillion won (US$2.3 billion) by 2020 to [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea, which was hit by the strongest earthquake to date earlier this year, may witness more minor tremors in the future, said an expert on Friday. “There is less possibility that major earthquakes with a magnitude of over six may occur on the Korean Peninsula but smaller tremors [...]
SEOUL, Sept. 30 (Korea Bizwire) – The Korean government announced Thursday that it will build eight additional safety training centers that offer hands-on experience and training for earthquakes by 2020. The announcement came following Korea’s record 5.8-magnitude quake that shook the nation on September 12, and the more than 400 aftershocks that have followed since. [...]
SEOUL, Sept. 28 (Korea Bizwire) – Restoration efforts are underway in Gyeongju following Korea’s record 5.8-magnitude earthquake and the hundreds of aftershocks that have since struck the region. But the crisis has highlighted another issue: a considerable number of local governments have been neglecting their legal duty to maintain disaster relief funds. In accordance with [...]
ULSAN, Sept. 23 (Korea Bizwire) – Unionized workers of Hyundai Motor Company, perhaps Korea’s most powerful labor union with more than 48,000 members, announced that they will take advantage of the ‘laborer right to evacuate’ in case of future earthquakes. Korea suffered a record 5.8-magnitude earthquake on September 12, which was followed by hundreds of [...]
SEJONG, Sept. 23 (Korea Bizwire) – South Korea will map out a comprehensive plan to strengthen the safety measures of the country’s energy facilities by the end of this year following last week’s strongest earthquake that jolted the nation, the ministry here said Friday. An advisory committee comprised of experts from various fields, including geology [...]