Berliner Boersenzeitung - North Korea confirms missile tests as Kim inspects 'important' munitions factory

EUR -
AED 4.303866
AFN 82.246636
ALL 98.022155
AMD 449.672262
ANG 2.097289
AOA 1074.647591
ARS 1391.81353
AUD 1.792196
AWG 2.112381
AZN 1.983424
BAM 1.955245
BBD 2.364528
BDT 143.229313
BGN 1.955245
BHD 0.441775
BIF 3488.009166
BMD 1.171917
BND 1.494276
BOB 8.091701
BRL 6.421523
BSD 1.171067
BTN 100.139554
BWP 15.656552
BYN 3.832411
BYR 22969.575067
BZD 2.352332
CAD 1.609804
CDF 3376.293764
CHF 0.947844
CLF 0.028433
CLP 1091.11005
CNY 8.405576
CNH 8.406068
COP 4731.255999
CRC 590.63222
CUC 1.171917
CUP 31.055803
CVE 110.233686
CZK 24.729442
DJF 208.54076
DKK 7.459954
DOP 69.670209
DZD 151.086081
EGP 58.232458
ERN 17.578756
ETB 158.20126
FJD 2.62656
FKP 0.854056
GBP 0.864979
GEL 3.187919
GGP 0.854056
GHS 12.121557
GIP 0.854056
GMD 83.802267
GNF 10146.117808
GTQ 9.006442
GYD 244.900432
HKD 9.197188
HNL 30.599308
HRK 7.534842
HTG 153.526388
HUF 398.896875
IDR 19027.538938
ILS 3.968943
IMP 0.854056
INR 100.146758
IQD 1534.064221
IRR 49367.008147
ISK 141.98978
JEP 0.854056
JMD 187.676687
JOD 0.830867
JPY 171.117466
KES 151.357004
KGS 102.418534
KHR 4694.666393
KMF 492.800389
KPW 1054.725415
KRW 1599.174691
KWD 0.358361
KYD 0.975923
KZT 609.226938
LAK 25253.826183
LBP 104926.493688
LKR 351.200235
LRD 234.213467
LSL 20.971743
LTL 3.460367
LVL 0.708881
LYD 6.342198
MAD 10.573496
MDL 19.832366
MGA 5148.537463
MKD 61.512526
MMK 2460.63412
MNT 4200.047241
MOP 9.46971
MRU 46.702733
MUR 52.923561
MVR 18.058624
MWK 2030.623164
MXN 22.100029
MYR 4.95545
MZN 74.955972
NAD 20.971743
NGN 1809.134841
NIO 43.097757
NOK 11.809736
NPR 160.223486
NZD 1.935294
OMR 0.448972
PAB 1.171067
PEN 4.156619
PGK 4.830628
PHP 66.342269
PKR 332.140449
PLN 4.240795
PYG 9345.345282
QAR 4.268587
RON 5.081312
RSD 117.146722
RUB 92.123831
RWF 1691.019635
SAR 4.393252
SBD 9.782389
SCR 17.186418
SDG 703.739475
SEK 11.120913
SGD 1.494165
SHP 0.920943
SLE 26.367183
SLL 24574.519824
SOS 669.209899
SRD 44.293815
STD 24256.317781
SVC 10.247089
SYP 15237.096358
SZL 20.967044
THB 38.151768
TJS 11.54662
TMT 4.113429
TND 3.423527
TOP 2.744751
TRY 46.659877
TTD 7.948742
TWD 34.106297
TZS 3085.923386
UAH 48.82633
UGX 4209.804127
USD 1.171917
UYU 47.176599
UZS 14739.812883
VES 124.93046
VND 30581.176601
VUV 139.344496
WST 3.208109
XAF 655.770716
XAG 0.032565
XAU 0.000358
XCD 3.167165
XDR 0.815568
XOF 655.770716
XPF 119.331742
YER 283.896734
ZAR 20.854193
ZMK 10548.660838
ZMW 27.725124
ZWL 377.356827
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

North Korea confirms missile tests as Kim inspects 'important' munitions factory
North Korea confirms missile tests as Kim inspects 'important' munitions factory

North Korea confirms missile tests as Kim inspects 'important' munitions factory

North Korea test-fired two different weapons systems this week, state media said Friday, part of a record-breaking streak of launches, as leader Kim Jong Un inspected an "important" munitions factory.

Text size:

Pyongyang has conducted six weapons tests in January, including hypersonic missiles, one of the most intense barrages in a calendar month on record, as it doubles down on Kim's military-boosting plans and ignores US offers of talks.

The official Korean Central News Agency said the Tuesday test involved long-range cruise missiles flying over the East Sea -- also known as the Sea of Japan -- and hitting "the target island 1,800 km away."

Thursday's launch then saw two "tactical guided missiles" hit a "target island", KCNA added, "proving that the explosive power of the conventional warhead complied with the design requirements."

The flurry of sanctions-busting tests this month come after Kim re-avowed his commitment to military modernisation at a key party speech in December.

Washington imposed new sanctions in response, prompting Pyongyang to double down on weapons testing and hint last week that it could abandon a years-long self-imposed moratorium on nuclear and long-range tests.

On Friday, KCNA ran photographs showing Kim, wearing his usual long black belted leather jacket, surrounded by uniformed officials -- their faces pixelated out -- inspecting a munitions factory that produces "a major weapon system".

Kim said he "highly appreciated" the factory's role in modernising his weapons programme, KCNA reported.

He said "the factory holds a very important position and duty in modernizing the country's armed forces," it added.

KCNA did not mention Kim attending the weapons tests this week, but a separate state media report said he inspected a vegetable farm in the Ryonpho area of Hamju county, which is close to the site of the Thursday test.

- Signs of progress -

The January launches are all part of North Korea's five-year weapons development plan to "upgrade its strategic arsenal," Hong Min of the Korea Institute for National Unification in Seoul told AFP.

"The cruise missiles fired Tuesday are an extension of the same type of missiles fired from last September with improvements in distance and speed," he said.

The string of tests are also a response to South Korea's own efforts to upgrade its weapons systems, with successful tests in 2021 of supersonic and new submarine-launched ballistic missiles, he said.

"The North is showing it's also developing missiles to counter what the South has on its hand," he added.

The string of tests comes at a delicate time in the region, with Kim's sole major ally China set to host the Winter Olympics next month and South Korea gearing up for a presidential election in March.

Domestically, North Korea is preparing to celebrate the 80th anniversary of the birth of late leader Kim Jong Il in February, as well as the 110th birthday of founder Kim Il Sung in April.

The need to celebrate such "prominent anniversaries" helps explain the recent string of tests, said analyst Ankit Panda.

"We should expect a bumpy first half of the year," he told AFP.

He said it was also possible that Covid concerns had forced North Korea to modify its usual winter training schedule, prompting a shift to missile testing to ensure "positive propaganda" on national defence domestically.

"This could be all the more important at a time when the national economy is doing poorly and agricultural output may threaten famine-like conditions," he added.

The impoverished North, reeling economically from a self-imposed coronavirus blockade, has recently restarted cross-border trade with China.

(H.Schneide--BBZ)