World War 3: Another Missile Test in North Korea

World War 3: Another Missile Test in North Korea

World War 3: Another Missile Test in North Korea

North Korea cares little for the international warnings that demanded no more missile tests, they announced and conducted another ballistic missile test Tuesday morning, South Korea’s Joint Chiefs of Staff has said. The projectile, described by the South as an “unidentified ballistic missile,” was launched towards the Sea of Japan.

“North Korea fired an unidentified ballistic missile into the East Sea from the vicinity of Banghyon, North Pyongan Province, at around 9:40am,” the Joint Chiefs of Staff said.

The missile flew more than 930km, according to the South Korean military. The South Korean and US militaries are analyzing North Korea’s latest ballistic missile test, a Yonhap report said.

President Moon Jae-in, who was immediately informed of the incident, has convened an emergency meeting of the National Security Council (NSC) in response to the latest launch.

“The meeting, to start at 11:30am, is expected to check the country’s defense readiness against additional provocations,” Yonhap said.

US President Donald Trump has made solving the North Korean nuclear threat his top priority. Over the last several months he has been pressuring China to influence its neighbor to curb their nuclear ambitions.

world war, korea, north korea, japan, usa, trump, world war 3, ww3, russia, chinaOn Sunday, Trump called his Chinese counterpart, President Xi Jinping to reiterate the “growing threat” posed by North Korea.

Despite repeated Xi-Trump exchanges, Washington went on to sanction a Chinese logistics firm, China’s Bank of Dandong and two Chinese nationals for their role in helping the North Korean regime.

On Monday, Ambassador Liu condemned the move.

“We have always been opposed to unilateral sanctions outside the framework of the UN,” Liu said of American measures, Nikkei quoted him as saying.

China has already taken a number of steps to pressure North Korea to come to the negotiating table. Just last week the China National Petroleum Corporation (CNPC) ceased fuel sales to its neighbor. In February, China also stopped buying coal from North Korea, Pyongyang’s key export.

Tuesday’s launch is the latest in a series of missile technology tests North Korea has carried out this year.

Last month, North Korea tested four anti-ship missiles off its east coast. On May 14, Pyongyang conducted a ballistic missile test which flew for some 30 minutes covering a distance of 700 km. In April, the country conducted at least three other tests of its indigenous ballistic technology, all in violation of UN sanctions.

While the North conducted numerous short and medium range missile tests, experts believe that Pyongyang does not yet have the technology to manufacture a functioning intercontinental ballistic missile that could reach the US mainland or be armed with a nuclear warhead.

Despite Western skepticism over of Pyongyang’s current ballistic capabilities, North Korean media boasted last month about a looming ICBM launch.

The latest launch comes shortly after Beijing warned of “disastrous consequences” should the North Korean crisis spiral out of control. Taking over the rotating presidency of the Security Council, China’s ambassador called Monday for urgent dialogue to ease tensions on the peninsula.

“Currently tensions are high and we certainly would like to see a de-escalation,” Ambassador Liu Jieyi said. “If tension only goes up… then sooner or later it will get out of control and the consequences would be disastrous.”

China and Russia have been pushing for a resumption of the six-party talks – negotiations aimed at finding a peaceful resolution to North Korea’s missile and nuclear programs. The six-nation initiative were hosted by Beijing but stalled in 2008. The Obama administration attempted to resurrect the negotiations in 2012, but a deal to provide food aid in exchange for a nuclear deal collapsed.

Describing the ongoing tensions as “very, very serious,” Ambassador Liu, according to the Japan Times, stressed that “we cannot afford to wait for too long without dialogue taking place.”

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S. Jack Heffernan Ph.D. 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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