Around November 15, 2017, about 11 earthquakes occurred in Pohang-si, Gyeongsangbuk-do, causing various human, physical, mental and facility damages. This paper aims to gain implications by reviewing Japan's example of an effective damage relief system caused by the earthquake, as the Pohang earthquake was reported as an earthquake triggered by a geothermal power plant. In the paper, in order to receive substantial relief from earthquake damage, especially economic damage, the earthquake insurance system in Japan is reviewed in addition to the relevant laws and precedents to introduce an effective earthquake insurance system in Korea. It also suggests that it is necessary to establish relief standards for types of earthquakes such as earthquakes caused by geothermal heat and secondary damage caused by earthquakes, or damage relief standards caused by tsunamis. Since the earthquake insurance system is much more earthquake-prone and damaged than Korea, Japan is well-organized, so the specific standards of Japan's earthquake insurance system reviewed in the paper suggest legislative and policy improvement of Korea.
Therefore, this paper provides a conclusion to draw implications by overviewing representative cases, legal systems, and policies of earthquake damage in Japan, followed by introducing specific details of earthquake insurance in a table.