SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s central bank has warned that failing to act decisively on climate change could leave the nation facing prolonged inflationary pressures as extreme heat and heavy rainfall increasingly disrupt prices. In a report released Monday, the Bank of Korea found that a one-degree Celsius “heat shock,” defined as the [...]
SEOUL, Jun. 25 (Korea Bizwire) – As South Korea grapples with increasingly severe weather patterns, a growing number of citizens are reporting heightened levels of stress and anxiety related to climate change. A 34-year-old office worker referred to only as Lee recently opened up about the severe stress caused by experiencing extreme weather. “When I go [...]
SEOUL, July 23 (Korea Bizwire) — The government is considering establishing a standing organization comprising civilian experts to tackle extreme weather events, such as the recent deadly downpours, an official said Sunday. The envisioned organization under the prime minister’s office is aimed at gathering ideas from experts outside of the government to come up with [...]
SEOUL, Jan. 19 (Korea Bizwire) — The Korea Meteorological Administration has released a report containing records of extreme weather last year. The report released on Wednesday chronicles the extreme weather conditions experienced last year, including heat waves and torrential rains, and describes their effect on agriculture, forestry, and the maritime industry, while also explaining the best [...]