SEOUL, March 27 (Korea Bizwire) — A total of 70 earthquakes with a magnitude of 2.0 or stronger were detected on the Korean Peninsula and its surrounding waters last year, a level similar to the yearly average over the past 20 years, the state weather agency said Sunday. The 2021 figure is up from 68 [...]
HONG KONG SAR, Aug. 19 (Korea Bizwire) – China has seen some of the most destructive earthquakes in history. For example, the devastating 2008 Earthquake in Sichuan province killed over 69,000 people, left up to 11 million people homeless and caused up to US$20 billion in property damage. The country sits atop seismically active areas, and it [...]
Boston, July 29 (Korea Bizwire) — Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Tropical Cyclone and Earthquake Models for the Caribbean. These models will provide insurers and reinsurers with a comprehensive view of risk across 29 countries and territories in the region. AIR Worldwide is a Verisk (Nasdaq:VRSK) business. [...]
SEOUL, Jan. 13 (Korea Bizwire) — More than 100 quakes were detected on the Korean Peninsula and its surrounding waters in 2018, the third most for a year, the state weather agency said Sunday. The outbreaks of seismic activities totaled 115 in 2018, according to the data by the Korea Meteorological Administration (KMA). It is [...]
SEOUL, Jan. 9 (Korea Bizwire) — The recent discovery of a giant oarfish on South Korea’s east coast has triggered a wave of speculation on social media, as some netizens interpreted the incident as a prelude to impending earthquakes. The speculation about the possibility of earthquakes surfaced online after a 4.2-meter-long oarfish was discovered by [...]