Global Markets/Supply Chain & Geopolitics
Nepal's Floods Just Wiped Out a $647M Korean Infrastructure Bet
A catastrophic flash flood in Nepal's Rasuwa district on August 26, 2026 destroyed more than 90% of the upper dam at the Upper Trishuli-1 hydropower project — a $647 million facility that was 84% complete and represents the largest foreign direct investment in Nepal's history — jointly led by Korea South-East Power and Doosan Enerbility. The disaster illustrates a risk category Korean overseas i..