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Restoration costs for natural disasters in South Korea from 2011 to 2022

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Source

Release date

August 2024

Region

South Korea

Survey time period

2011 to 2022

Special properties

in prices of 2020

Supplementary notes

According to article 3 of the South Korean Framework Act on the Management of Disasters and Safety, natural disasters refer to "disasters caused by a typhoon, flood, downpour, strong wind, wind and waves, tidal wave, heavy snowfall, lightning, drought, earthquake, sandy dust, hypertrephied of algae, ebb and flow, volcanic activity, crash or collision of a natural space object, such as an asteroid and meteoroid, and other natural phenomena equivalent thereto."

1,000 South Korean won equals 0.71 U.S. dollars or 0.68 euro as of December 2024. 

Figures have been rounded.

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Costs for natural disaster cleanup and restoration South Korea 2011-2022

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