heavy rain Archives | Be Korea-savvy
Shares of Non-Life Insurance Companies Slide as Flooding Damages Vehicles

Shares of Non-Life Insurance Companies Slide as Flooding Damages Vehicles

SEOUL, Aug. 10 (Korea Bizwire) — As a large number of vehicles have suffered from water damage due to the heavy rain that hit Seoul and surrounding regions late Monday, the share prices of non-life insurance companies slipped the following day. Shares of Lotte Insurance closed at 1,740 won on Tuesday, down 1.97 percent from [...]

Heavy Downpours Hit Retail Sector, Causing Store Closures and Delivery Delays

Heavy Downpours Hit Retail Sector, Causing Store Closures and Delivery Delays

SEOUL, Aug. 9 (Korea Bizwire) — The heavy downpours that have pummeled Seoul and central regions of South Korea also hit the retail industry, causing closures of department stores and delayed deliveries of goods to consumers. Parts of Seoul and the surrounding Incheon and Gyeonggi Province received heavy rains of over 100 millimeters per hour [...]

Meteorologists Warn of Heavy Damage from Approaching Typhoon

Meteorologists Warn of Heavy Damage from Approaching Typhoon

SEOUL, Aug. 20 (Korea Bizwire) — Meteorologists warned Monday that the approaching Typhoon Soulik is expected to cause enormous damage across the Korean Peninsula later this week, urging the nation to thoroughly prepare for heavy rainfall and powerful winds and waves. According to the Korea Meteorological Administration (KMA), Typhoon Soulik, classified as strong medium-sized, is [...]