Climate Change and Economic Security in South Korea

Is the government responding properly?

By: Taedong Lee

In September 2022, Typhoon Hinnamno hit Pohang, South Korea, with precipitation of more than 100 mm per hour continuing locally for four hours, overwhelming the existing flood prevention system and causing KRW2.4 trillion (US$1.8 billion) in property damage for the steelmaker POSCO. Seven people were killed due to flooding of underground …