North Korea fires multiple-rocket launcher, South Korea says

North Korea fires multiple-rocket launcher, South Korea says


People watch a television screen at a railway station in Seoul showing a news broadcast with file footage of North Korean leader Kim Jong Un, on January 20, 2022. North Korea fired what could be a ballistic missile, Japan’s coast guard said on Feb. 27, 2022.

Jung Yeon-je | AFP | Getty Images

North Korea appeared to have fired a short-range multiple rocket launcher on Sunday, South Korea’s military said, amid heightened military tensions on the peninsula after a spate of larger missile launches by the nuclear-armed North.

While they garner much less attention than the massive intercontinental ballistic missiles (ICBMs), North Korea has displayed several new types of multiple launch rocket systems in recent years, adding to an already large arsenal of artillery and rockets ideal for potentially striking targets in the South.

“This morning there was firing in North Korea which is assumed to be multiple rocket launcher shots, and our military was monitoring the related situation and maintaining a readiness posture,” South Korea’s Joint Chiefs of Staff said in a statement, without elaborating.

North Korea’s military fired four shots around 7:20 a.m. (2220 GMT on Saturday) for about an hour toward its west coast from an unidentified location in South Pyongan Province, Yonhap news agency reported.

South Korea’s National Security Council held an emergency vice-ministerial meeting over the launches.

Last year South Korea approved plans to pursue a $2.6-billion artillery interception system, similar to Israel’s “Iron Dome,” designed to protect against North Korea’s arsenal of long-range guns and rockets.

About half of South Korea’s 52 million people live in the capital Seoul and the surrounding areas, within range of the neighbor’s long-range guns and multiple rocket launchers.

Pyongyang has conducted an unusually high pace of missile launches this year. South Korea and the United States warn that the North could resume test-firing its largest ICBMs for the first time since 2017 amid stalled denuclearization talks.

North Korea also appears to be preparing to launch a spy satellite, and new construction has been spotted at its shuttered nuclear test site.



Source

Best Stocks: The value name with one of the best long-term charts Josh Brown has ever seen
World

Best Stocks: The value name with one of the best long-term charts Josh Brown has ever seen

Josh — Today’s update of our Best Stocks in the Market List looks at the relatively recent outperformance of lower valuation names as the big growth stocks take a break. Sean’s going to talk about why the Jackson Hole speech could be a major catalyst for this trend to continue. We’ll give you all the […]

Read More
French PM Bayrou will seek confidence vote over budget plans
World

French PM Bayrou will seek confidence vote over budget plans

French Prime Minister Francois Bayrou will seek a high-stakes confidence vote in parliament on September 8 over unpopular plans to clean up France’s public finances. Bayrou’s move will gauge whether he has enough support in a fragmented parliament for his 44 billion euro ($51.51 billion) budget squeeze as he tries to tame a budget deficit […]

Read More
Intel says Trump deal has risks for shareholders, international sales
World

Intel says Trump deal has risks for shareholders, international sales

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel on Monday warned of “adverse reactions” from investors, employees and others to the Trump administration taking a 10% stake in the company, in a filing citing risks involved with the […]

Read More