Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

N.Korea fires cruise missiles amid tension over lifting nuclear moratorium

Published 01/25/2022, 01:00 AM
Updated 01/25/2022, 01:21 PM
© Reuters. FILE PHOTO - A North Korean flag flies on a mast at the Permanent Mission of North Korea in Geneva October 2, 2014.   REUTERS/Denis Balibouse/File Picture

By Cynthia Kim and Hyonhee Shin

SEOUL (Reuters) -North Korea fired two cruise missiles into the sea off its east coast on Tuesday, South Korea's military said, amid rising tension over a recent series of weapons tests.

South Korea's Joint Chiefs of Staff did not specify the missiles' range or trajectory, but said it was conducting an analysis together with U.S. authorities.

The launch was North Korea's fifth of the year, following tests of a tactical guided missile https://www.reuters.com/article/northkorea-missiles-idINL1N2TX006, two "hypersonic missiles https://www.reuters.com/article/northkorea-missiles-idINL1N2TX006" capable of high speed and manoeuvring after lift-off, and a railway-borne missile system https://www.reuters.com/article/northkorea-missiles-idINL1N2TX006.

Tension has been growing, with leader Kim Jong Un vowing last week to bolster the military and warning he could lift a self-imposed moratorium on testing atomic bombs and long-range missiles.

A spokesperson the U.S. State Department said the United States was aware of the latest launch reports and was assessing them with South Korea and Japan. The official offered no details but reiterated that Washington remained open to dialogue with Pyongyang.

"Broadly speaking, as we have said our goal remains the complete denuclearisation of the Korean peninsula. We remain prepared to engage in serious and sustained diplomacy without preconditions to make tangible progress."

At the same time, the spokesperson said, the United States would continue efforts in coordination with the international community to prevent the advancement of North Korea's weapons of mass destruction and ballistic missile programs.

North Korea has not launched intercontinental ballistic missiles or nuclear weapons since 2017, but began testing a slew of shorter-range missiles after denuclearisation talks stalled following a failed summit with the United States in 2019.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The flurry of recent tests sparked a U.S. push for fresh U.N. sanctions, followed by heated reaction from Pyongyang.

The U.N. Security Council bans North Korea from any launches using ballistic technology, but not cruise missiles. China and Russia have recently called for removing a ban on Pyongyang's exports of statues, seafood and textiles, and raising a refined oil imports cap.

South Korea's Unification Minister Lee In-young, in charge of cross-border ties, urged North Korea to return to talks, not escalate further.

"While thoroughly preparing for additional tests, we'd like to emphasise again that dialogue and cooperation is the only way to peace," he told a meeting with foreign diplomats based in Seoul.

Japan's Chief Cabinet Secretary Hirokazu Matsuno did not confirm the latest test but said Tokyo would work with neighbours to gather and analyse necessary information.

North Korea has said it is open to talks, but only if the United States and its allies drop "hostile policy" measures such as sanctions and military drills.

Lee Sang-min, a military expert at the Korea Institute for Defense Analyses, said the recent missile volleys could be aimed at building geopolitical tensions and perhaps pushing the United States to come up with a new strategy toward Kim.

"Cruise missiles are slower than ballistic missiles and so are regarded as less of a threat, but they hit targets with high precision, something North Korea would continue to develop," Lee said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.