Haishen is currently on track to make landfall as a category 4 storm, with windspeeds of up to 156 mph
As South Korea begins the clean up following powerful Typhoon Maysak, another major storm is tracking towards the country’s southern coast. According to Tropical Storm Risk, Supertyphoon Haishen is currently expected to make landfall near the city of Busan as a strong category 4 storm, with windspeeds of up to 156 mph.
Busan, South Korea’s second-largest city and the world’s fifth largest port, is still reeling from the impact of Maysak, which had winds of 105 mph when it made landfall in the early hours of 3 September as a category 2 storm.
The double whammy of storms is a serious threat to South Korea’s $110 billion-plus of semiconductor and automotive export industries, according to the latest real-time information gathered by Adapt Ready’s Risk Intelligence Platform.
These two industries currently rank as South Korea’s largest export industry. The impact on lines such as business interruption within the manufacturing sector are expected to be widespread.