Busan latest to turn to ‘climate insurance’ as extreme weather worsens

More South Korean municipalities are introducing so-called “climate insurance,” a new kind of social safety net designed to compensate residents for some of the health and financial costs of extreme weather. Busan said Sunday that it plans to amend a municipal ordinance to lay the legal groundwork for providing administrative and financial support through climate insurance as part of its climate action plan. The move follows similar programs by local governments in Gyeongi Province and Jeju Isla