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Gyeongju Earthquake Crisis Spotlights Korea’s Insufficient Disaster Relief Funds

Gyeongju Earthquake Crisis Spotlights Korea’s Insufficient Disaster Relief Funds

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 [...]

Insurance Companies Stop Earthquake-Related Products amid Quake Fears

Insurance Companies Stop Earthquake-Related Products amid Quake Fears

SEOUL, Sept. 22 (Korea Bizwire) – Amid concerns over last week’s historic earthquake and the hundreds of aftershocks that have followed, some insurance companies have ceased to offer earthquake insurance products. A record magnitude-5.8 earthquake struck the peninsula on September 12 with its epicenter some eight kilometers south of Gyeongju. Since the original temblor, some [...]

Gyeongju Trapped in Fear as Aftershocks Follow Record Earthquake

Gyeongju Trapped in Fear as Aftershocks Follow Record Earthquake

GYEONGJU, South Korea, Sept. 21 (Korea Bizwire) – Gyeongju was struck by another magnitude-3.5 aftershock Wednesday morning, adding to the fear spreading across the region since Korea’s historic 5.8-magnitude temblor jolted the peninsula on September 12. The aftershock took place at 11:53 a.m., with the epicenter located some 10 kilometers southwest of the historical city.  [...]

Gov’t Checking Safety of Cultural Assets after Quake in Ancient Capital

Gov’t Checking Safety of Cultural Assets after Quake in Ancient Capital

SEOUL, Sept. 13 (Korea Bizwire) – Cultural heritage authorities on Tuesday began checking to see if the latest earthquake has caused any damage to important cultural sites in the ancient city of Gyeongju.  The National Research Institute of Cultural Heritage under the Cultural Heritage Administration (CHA) said they were examining national treasures and other monuments in [...]

Record Earthquake Jolts Southeastern S. Korea

Record Earthquake Jolts Southeastern S. Korea

SEOUL, Sept. 12 (Korea Bizwire) – A record magnitude-5.8 earthquake jolted South Korea’s southwestern region, the country’s meteorological agency said Monday. The quake detected at 8:35 p.m. was the strongest tremor reported on land in the country with the Korea Meteorological Administration (KMA) saying the epicenter was near Naenam-myeon region in Gyeongju, some 371 kilometers [...]

Digital Duty-free Shop Featured at “Silk Road in Gyeongju” Event

Digital Duty-free Shop Featured at “Silk Road in Gyeongju” Event

GYEONGJU, Aug. 6 (Korea Bizwire) – During the forthcoming Silk Road Cultural Festival in Gyeongju, a digital duty-free shop will be operated for foreign visitors to the event. Foreign visitors will be able to order products through touchscreen-based kiosks and pick them up at the airport when they leave Korea. The Gyeongju World Culture Expo [...]