(LEAD) torrential rain-property damage (LEAD) Gov't raises disaster alert level as S. Korea braces for more heavy rain(ATTN: REWRITES headline, lead; RESTRUCTURES, UPDATES with details throughout) SEOUL, July 22 (Yonhap) -- The government raised its disaster readiness alert level up a notch Saturday, as the nation, still reeling from the aftermath of catastrophic torrential rains last week, braces for more heavy downpours in the coming days. According to the interior ministry, the disaster alert level for the central government's Central Disaster and Safety Countermeasure Headquarters (CDSCH) was raised a notch to level 2 from level 1 as of 9 p.

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