Colossal typhoon ravages South Korea
Profile
Update: 25 January 2007
|
Event date |
12 September 2003 |
|
Affected area |
South Korea, Japan |
|
Fatalities |
> 100 |
|
Homeless |
> 11 800 |
|
Economic loss |
USD 5 600 000 000 (18 October 2003) |
|
Insured loss |
USD 422 000 000 (25 September 2003) |
Event description
Forming as a tropical depression east of the Philippines on 5 September, typhoon Maemi developed into a super typhoon of the highest intensity class (SS5, 270 kph) as it approached the southern Ryuku Islands. It struck the southern part of South Korea during the night of 12 - 13 September, with high windspeeds registering 216 kph and heavy rainfall of 450 mm. Passing over the Sea of Japan on 13 - 14 September, Maemi weakened considerably and was downgraded to a tropical depression. The typhoon hit the southern part of the country, leaving Seoul, in the northwest, unaffected. According to the official weather service, Maemi was the most powerful typhoon on record since 1904.
Economic loss
South Korea's main port of Pusan and the industrial areas in Yech'on, Ulsan and Taegu were heavily affected. A 200,000 ton offshore storage facility was blown into a 37,000 ton petrochemical carrier which was under construction. The typhoon triggered several landslides, one of which derailed a train, injuring some 30 people. More than 11 800 were left homeless and at least 100 fatalities were reported. The government released USD 1.2 bn for emergency relief and recovery work in the affected areas.
Insured loss
The insured loss is substantially lower than the economic loss, and no significant losses are expected for Swiss Re.
Further related information
Natural catastrophes and reinsurance
