North Korea Could Sell Nukes to Terrorists

North Korea Could Sell Nukes to Terrorists

North Korea Could Sell Nukes to Terrorists

North Korean leader Kim Jong-un ordered production to be boosted while inspecting a chemical institute on Wednesday, KCNA state media and Rodong Sinmun report. He wants the facility “to produce more solid-fuel rocket engines and rocket warhead tips by further expanding engine production process and the production capacity of rocket warhead tips and engine jets,” according to North Korean media, citing Kim Jong-un.

The media released photos of Kim visiting the plant and examining the manufacturing process. Some pictures reportedly feature “one or possibly two new missiles,” according to AP. After analyzing the diagrams hanging on a wall behind the leader, the agency reported that they were related to the Pukguksong-3 missile, “which appears to be the latest in its Pukguksong, or Polaris, series.” The other rocket “was harder to discern, though it carried a ‘Hwasong,’ or Mars, designation,” AP reports.

The cash strapped country could start selling these weapons to terrorists and become a danger to the entire world.

Two North Korean shipments to a Syrian government agency responsible for the country’s chemical weapons program were intercepted in the past six months, according to a confidential United Nations report on North Korea sanctions violations.

The report by a panel of independent U.N. experts, which was submitted to the U.N. Security Council earlier this month and seen by Reuters on Monday, gave no details on when or where the interdictions occurred or what the shipments contained.

“The panel is investigating reported prohibited chemical, ballistic missile and conventional arms cooperation between Syria and the DPRK (North Korea),” the experts wrote in the 37-page report.

Meanwhile, the US and South Korea are holding massive joint drills – Ulchi-Freedom Guardian – on the Korean Peninsula. Pyongyang has repeatedly warned the US to refrain from any military drills in the region, saying that the maneuvers pose a threat to its security. The US says the drills are designed to enhance readiness and protect the region.

Just one day after the drills kicked off, Pyongyang refused to negotiate on its nuclear deterrence, as what it called “an aggressive war scenario” targets North Korea and its leadership, according to North Korean diplomat Ju Yong-сhol, who addressed the UN disarmament forum on Tuesday.

North Korea has “completed the preparation” to strike the US base in Guam, Jin Jong-hyop, a representative of the North Korean Embassy in Russia, told Sputnik. It had earlier threatened to strike, but eventually postponed it and decided to watch the US’ behavior before making a decision.

Trump called North Korea’s decision not to follow through with its threat against Guam “very wise,” saying the consequences would be “catastrophic and unacceptable.”

 

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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