South Korea rattled by rare 5.4-magnitude quake

SEOUL Round-up of South Korean financial markets South Korea’s KOSPI stock index weakened on Monday. The Korean won fell while bond yields rose

A rare 5.4-magnitude natural disaster hit South Korea's southeast Wednesday afternoon, the second most powerful quake on record, in a country that seldom experiences significant tremors.

South Korea's state-run Korea Meteorological Administration measured the quake at the same strength but said the epicenter was inside Pohang.

Further details are awaited.

South Korean officials are assessing the situation.

South Korea has relatively little seismic activity, compared with Japan to the east.

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The most powerful quake recorded in the south was a 5.8-magnitude tremor that hit the southeastern city of Gyeongju in September previous year.

The Cultural Heritage Administration said Wednesday that there is no immediate damage detected to historic buildings and artifacts in Gyeongju, a city adjacent to earthquake-struck Pohang.

People evacuated buildings near the epicenter as soon as the felt tremors.

Pohang is some 35km from the Wolseong Nuclear Power Plant, which has six operational reactors.

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