Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

North Korea fires missile, vows 'fiercer' response to U.S., allies

Published 11/16/2022, 07:27 PM
Updated 11/17/2022, 11:04 AM
© Reuters. FILE PHOTO: A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022.    REUTER

By Hyonhee Shin

SEOUL (Reuters) -North Korea fired a ballistic missile on Thursday as it warned of "fiercer military responses" to U.S. efforts to boost its security presence in the region with its allies, saying Washington is taking a "gamble it will regret."

North Korea has conducted a record number of such tests this year, and also fired hundreds of artillery shells into the sea more recently as South Korea and the United States staged exercises, some of which involved Japan.

South Korea's military said the ballistic missile was launched from the North's east coast city of Wonsan at 10:48 a.m. (0248 GMT), flying 240 km (150 miles) to an altitude of 47 km (29 miles) at the speed of Mach 4.

The latest launch came less than two hours after North Korea's foreign minister, Choe Son Hui, slammed a Sunday trilateral summit of the United States, South Korea and Japan, during which the leaders criticised Pyongyang's weapons tests and pledged greater security cooperation.

At the talks, U.S. President Joe Biden reaffirmed a commitment to reinforce extended deterrence and defend the two Asian allies with a "full range of capabilities", including nuclear weapons.

Choe said the three countries' "war drills for aggression" failed to rein in the North but would rather bring a "more serious, realistic and inevitable threat" upon themselves.

"The keener the U.S. is on the 'bolstered offer of extended deterrence' to its allies and the more they intensify provocative and bluffing military activities ... the fiercer the DPRK's military counteraction will be," Choe said in a statement carried by the official KCNA news agency.

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

She referred to her country by the initials of its official name, the Democratic People's Republic of Korea.

"The U.S. will be well aware that it is gambling, for which it will certainly regret," Choe added.

The South Korean and U.S. militaries carried out missile defence drills after the North's latest launch, Seoul's Joint Chiefs of Staff said, strongly condemning it.

"We urge an immediate halt of North Korea's series of ballistic missile launches, which is a grave provocation damaging peace and stability," the joint chiefs said in a statement.

A U.S. State Department spokesperson also condemned the launch, saying that, like the others this year, it violated multiple U.N. Security Council resolutions and posed a threat to North Korea's neighbours and the international community.

"We remain committed to a diplomatic approach to the DPRK and call on the DPRK to engage in dialogue," the official said, adding: "Our commitment to the defence of the Republic of Korea and Japan remains ironclad."

The United States has said since May that North Korea is preparing to conduct its first nuclear test since 2017, but its timing remains unclear.

Washington, Seoul and Tokyo said in a joint statement after their summit that Pyongyang's nuclear testing would incur a "strong and resolute response."

Choe said the North's military activities are "legitimate and just counteractions" to the U.S.-led drills.

South Korea's Unification Minister Kwon Young-se, who handles intra-Korea affairs, said North Korea might postpone its nuclear test for some time, citing China's domestic political schedule.

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

"North Korea has also achieved some political effects by codifying its nuclear law in August, so it might not have immediate needs for a nuclear test," Kwon said in an interview with Yonhap news agency released on Thursday.

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.