World War 3: North Korea Erupts in War of Words

World War 3: North Korea Erupts in War of Words

World War 3: North Korea Erupts in War of Words

North Korea test-launched a Hwasong-14 missile which it said flew 933km in 39 minutes, reaching an altitude of 2,802km.

The North Korean missile test was carried out despite a ban by the UN Security Council and once again caused serious concern among the international community.
Pyongyang has been under UN sanctions since 2006, when the Security Council demanded that it cease nuclear testing and banned the provision of large-scale arms, nuclear technology and related training to Pyongyang. North Korea, however, has continued its research and development in the nuclear area.

Pyongyang claimed to have successfully tested Pukguksong-2 Hwasong-12 IRBMs in May.

World War 3: China Says “Not Our Problem”

“Recently, certain people, talking about the Korean Peninsula nuclear issue, have been exaggerating and giving prominence to the so-called ‘China responsibility theory’,” Foreign Ministry spokesman Geng Shuang told a daily news briefing on Tuesday, as quoted by Reuters.

“I think this either shows lack of a full, correct knowledge of the issue, or there are ulterior motives for it, trying to shift responsibility.

“Asking others to do work, but doing nothing themselves is not OK,” he added. “Being stabbed in the back is really not OK.”

“The ‘China responsibility theory’ on the peninsula nuclear issue can stop,” Geng said.

Although Geng did not mention any names during his Tuesday remarks, they come after repeated calls from the US for Beijing to put more pressure on North Korea over its nuclear and ballistic missile programs.

It also comes after Donald Trump met with Chinese President Xi Jinping at the G20 summit in Hamburg on Saturday, with the US president calling it an “excellent” meeting in which the two spoke about trade and North Korea.

South Korea in Denial

North Korea does not appear to have the technology to build intercontinental ballistic missiles (ICBMs) or have testing facilities for them, South Korean intelligence services said, referring to a recent long-range missile test Pyongyang claimed was successful.

“Although North Korea claimed that [the missile’s] heat resistance was verified, whether it re-entered [the atmosphere safely] was not confirmed and the country has no relevant test facility, making it look like it has not secured the technology,” South Korea’s National Intelligence Service (NIS) said in a report to the parliamentary intelligence committee, as cited by Yonhap news agency.

The NIS has not been able to confirm that the Hwasong-14 missile test was successful, Yi Wan-young, a member of the South Korean parliament’s intelligence committee, said, as cited by Reuters.

This is just South Korea trying to talk down a serious situation that may result in World War 3.

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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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