Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

North Korea stages nighttime military parade to mark army anniversary -Yonhap

Published 02/07/2023, 10:14 PM
Updated 02/08/2023, 09:08 AM
© Reuters. North Korean leader Kim Jong Un, his wife Ri Sol Ju and their daughter Kim Ju Ae attend a banquet to celebrate the 75th anniversary of the Korean People's Army the following day, in Pyongyang, North Korea February 7, 2023 in this photo released February 8

By Josh Smith and Soo-hyang Choi

SEOUL (Reuters) -North Korea held a widely anticipated nighttime military parade on Wednesday, South Korea's Yonhap news agency reported, an event expected to showcase the country's latest weapons to mark the founding anniversary of its army.

Commercial satellite imagery has for months shown North Korean troops practicing for a major parade, according to international analysts.

Pyongyang's state media had not reported on the parade as of Wednesday night, though outlets described a number of other commemorative events marking the 75th anniversary of the founding of the Korean People's Army.

North Korea's past four military parades occurred after dark, and state media did not report on the events until the next day. It was not immediately known if North Korean leader Kim Jong Un presided over Wednesday's parade.

Such parades are typically held in downtown Pyongyang's Kim Il Sung Square and often used to show off new weapons, including ballistic missiles designed to carry nuclear warheads.

Kim called on Tuesday for strengthening the military as he paid tribute to soldiers and met with troops to commemorate the anniversary, the North's state media reported on Wednesday.

"For the strengthening and development of our armed forces, let us all double our efforts and do more for the prosperous development of the socialist motherland," he said during a speech at a banquet, accompanied by his wife and daughter, according to state news agency KCNA.

He spoke a day after pledging to expand military drills and beef up the nuclear-armed country's war readiness posture.

In a separate report, KCNA cited Kim's leadership of large-scale military drills last year, including the flights of hundreds of fighter aircraft, as "inflicting a strong blow on the largest joint air exercise ever conducted by the United States and its agents" in November.

Despite United Nations Security Council resolutions and sanctions, North Korea has forged ahead with banned nuclear weapons and ballistic missile development.

© Reuters. North Korean leader Kim Jong Un, his wife Ri Sol Ju and their daughter Kim Ju Ae attend a banquet to celebrate the 75th anniversary of the Korean People's Army the following day, in Pyongyang, North Korea February 7, 2023 in this photo released February 8, 2023 by North Korea's Korean Central News Agency (KCNA).      KCNA via REUTERS

Last year North Korea test-fired its largest ever intercontinental ballistic missile (ICBM), amid a record year of launches, and officials in Seoul and Washington say Pyongyang has made preparations to resume nuclear weapons testing for the first time since 2017.

South Korea and the United States have stepped up their own military drills to counter the North, drawing condemnation from Pyongyang.

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.